Kanbawza Bank LTD SWIFT/BIC code

What KBZBMMMY means for a payment to Kanbawza Bank LTD

The short code KBZBMMMY and the full code KBZBMMMYXXX identify one and the same institution: Kanbawza Bank LTD in Yangon, Myanmar (Burma). Every bank on the SWIFT network uses BIC codes to direct payments between countries to the right institution. In practice you usually come across it on invoices from abroad, in your banking app and in the bank details that Kanbawza Bank LTD provides.

On this page you will find what the code is put together, when it matters and what else a transfer to or from Kanbawza Bank LTD requires. Remember that the SWIFT code only identifies the bank, not the person: the account number or IBAN takes care of that.

Which of the 2 codes of Kanbawza Bank LTD do you need?

Kanbawza Bank LTD uses 2 separate SWIFT/BIC codes. Only one is the head office code, KBZBMMMYXXX; the rest identify branches or departments.

For the vast majority of incoming transfers, the head office code KBZBMMMYXXX works fine. Branch codes are only needed if the recipient’s bank explicitly asks for it.

When in doubt, check with the recipient which code their bank gave them. Codes for branches are more likely to change than the head office code when a bank merges or closes offices.

What a transfer from Kanbawza Bank LTD abroad really costs

What you pay for an international transfer is made up of several parts, and the transfer fee is only the most visible one. You pay the transfer fee, possibly charges from correspondent banks in between and, most importantly, the exchange rate markup if the currency changes.

That exchange rate margin tends to be the biggest cost, and it is easy to miss. A simple test: put the bank’s rate against the mid-market rate for the same moment and work out the difference on your amount.

Specialist money transfer services frequently use a rate near the mid-market rate. Next time you send money, it is worth comparing the total cost via GoldexPay. You can always keep your account at Kanbawza Bank LTD, while a cheaper service handles the conversion.

Verifying the SWIFT code of Kanbawza Bank LTD

The safest source for a SWIFT code is the bank details provided by the recipient: an invoice, a bank statement or their online banking. Compare it against KBZBMMMY here.

A wrong SWIFT code can cause delays, a payment being sent back or additional charges for investigation. An error in the account number is a bigger problem; check it just as carefully.

Many banking apps validate the structure of IBANs, but that does not prove the account belongs to the right person. Some banks now compare the payee name with the account before you confirm; take any warning seriously. When you pay someone new, many people send a small amount first.

Where our SWIFT data comes from

Our SWIFT/BIC directory draws on public sources and we update it periodically. Institutions reorganise, change names and change codes – a directory can be a step behind. The figures on this page are based on our own data and not on information from Kanbawza Bank LTD itself.

Treat this page as a reference, rather than as the last word. We are an independent comparison site for money transfers and not affiliated with Kanbawza Bank LTD. Should you notice a mistake, we appreciate a short note.

KBZBMMMY or KBZBMMMYXXX – which one to use?

A SWIFT code is built from a few fixed parts: the first four letters identify the bank, characters five and six show the country and characters seven and eight indicate the location. For Kanbawza Bank LTD, the 8-character core is KBZBMMMY.

The long version adds three more characters for a branch or department. When those three characters are XXX, the code points to the head office.

As a rule the code is typed in capitals, without spaces or dashes. Copying the code beats retyping it, because one wrong letter changes the bank.

Tracking a transfer to or from Kanbawza Bank LTD

How quickly a payment arrives at Kanbawza Bank LTD is determined by several factors: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Weekends and public holidays in the sending or receiving country add extra days. Compliance checks on larger or unusual payments can also add a delay, even when all details are correct.

Many banks use SWIFT gpi for faster and traceable payments. Each gpi transfer carries a unique reference, the UETR, which your bank can use to see where the money is. Keep your transfer receipt until the recipient confirms – you will need it for any trace request.

The bank that sent the money is able to request a trace or a recall; the receiving side usually has nothing to trace yet. As a recipient, you can check your statements to see a slightly lower amount.

Receiving money from abroad at Kanbawza Bank LTD

To receive a transfer from abroad into your account at Kanbawza Bank LTD, the person paying you needs more than the BIC. Share the account holder’s name, the IBAN or account number, the BIC KBZBMMMYXXX and your address, which some banks require.

Certain banks want the address of Kanbawza Bank LTD; it does no harm to include it. Double-check the details before you send them.

The amount you receive is often lower than the amount sent. Charges on incoming payments vary from bank to bank – the price list of Kanbawza Bank LTD tells you what applies. Make clear with the sender who pays which costs before the money is sent.

Watch out for payment fraud

A common scam works like this: an email arrives with a message saying that a company has new bank details. The fact that KBZBMMMY exists does not mean that a request mentioning it is legitimate; criminals use the codes of real banks too.

Never rely on contact details from the same email that contains the new account. Be suspicious of urgent requests, unusual wording or an email address that differs by one letter. Already paid? Call the bank you paid from without delay and have them try to recall the payment.

Recipients are targeted too: one known trick is a buyer who pays too much and then sends a request to refund the difference. A payment confirmation from the sender is no proof – check your own account.