Myanma Economic Bank SWIFT/BIC code

MYEBMMMY – the SWIFT/BIC code of Myanma Economic Bank

The 8-character code MYEBMMMY and the 11-character code MYEBMMMYXXX refer to the same bank: Myanma Economic Bank. A SWIFT code tells the banks handling a payment exactly which bank is meant to get the money. You will need it mostly for transfers between countries or a currency.

On this page you will find how the code means, when it matters and which other details a transfer to or from Myanma Economic Bank requires. A SWIFT code identifies an institution, never a specific account, which is why you always need the account number too.

Protect yourself against fake payment requests

Stay wary when someone unexpectedly wants you to pay into another account or a bank in another country. The fact that MYEBMMMY exists does not mean that a request mentioning it is genuine; criminals use the codes of real banks too.

Verify new bank details through a different channel like a call to a number from an earlier contract, not by replying to the message. Be suspicious of time pressure, unusual wording or a sender address that is slightly off. When a payment has already gone to the wrong account, call your bank right away – speed improves the chance of getting it back.

People receiving money can be targeted as well: one known trick is a buyer who pays too much followed by a request to refund the difference abroad. Do not act before the money is actually in your account – ask Myanma Economic Bank if something looks wrong.

Before you send: check the Myanma Economic Bank code

Have the recipient copy the account details directly from their online banking. Check that code with MYEBMMMY here.

Errors in the BIC are annoying rather than disastrous: often the payment comes back, minus fees. A mistake in the IBAN or account number can be more serious; check it just as carefully.

Most online banking apps check the structure of an IBAN and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Where available, a name check on the recipient adds an extra layer of safety. Sending a small amount first can be worth it for a large first payment, even if it costs an extra fee.

Sending money abroad from Myanma Economic Bank

When you transfer money to another country through Myanma Economic Bank, the visible fee is only part of what you pay. Besides the transfer fee, banks in between may take a cut, and if the money changes currency the bank often uses a rate below the actual market rate.

Many banks do not show the margin on the rate as a cost – you only notice it if you compare. Compare their rate with the mid-market rate – the rate you find on financial news sites. The difference is your real conversion cost.

For many routes, a specialist provider turns out to be cheaper than a bank – mostly thanks to the rate. GoldexPay lists these services next to each other so you can see the amount the recipient gets before you commit. Choosing a specialist does not mean closing your account at Myanma Economic Bank – you pay the provider from your own account.

MYEBMMMY or MYEBMMMYXXX – which one to use?

Every SWIFT/BIC code has an 8-character core: four letters for the bank, two letters for the country and two characters for the location. The result is MYEBMMMY.

Most banks and apps work with both lengths. If yours asks for eleven characters, use MYEBMMMYXXX.

Enter the code as one block, in capitals and without separators. A wrong letter can send the money to another bank, so copy it carefully.

How long does an international transfer to Myanma Economic Bank take?

How quickly a payment reaches Myanma Economic Bank is determined by a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Bank holidays in the sending or receiving country can add a day or more, since banks do not process on those days. Compliance checks on larger or unusual payments can also cause a delay, even when all details are correct.

If the money is delayed, ask the sending bank for the status and the transaction reference. Keep the payment confirmation until the money has arrived – you will need it for any trace request.

A delayed transfer has to be investigated from the sending side, using the payment confirmation. Request from the sender a copy of the payment confirmation – it helps your own bank look for the money.

Incoming international payments to Myanma Economic Bank

To receive a transfer from abroad at Myanma Economic Bank, the sender has to have more than the SWIFT code. In practice that means: your name as registered with Myanma Economic Bank, your account number or IBAN, the SWIFT/BIC code MYEBMMMYXXX (or MYEBMMMY) and usually your postal address.

Certain sending banks want the address of Myanma Economic Bank in Yangon; it does no harm to include it. Check the details before you share them.

An incoming payment will not always arrive in full. Intermediary banks may deduct a fee, and if the money is converted, an exchange rate margin comes on top. Make clear with the sender who covers the fees, especially for larger amounts.

Head office or branch code at Myanma Economic Bank?

With 3 codes, Myanma Economic Bank is one of the banks that use separate codes for branches. The head office code remains MYEBMMMYXXX.

If nobody asks you for a branch code, use MYEBMMMYXXX. Just use a branch code when the recipient explicitly asks for it.

Unsure which code to use? Ask the recipient or the bank itself. Codes for branches are more prone to be retired than MYEBMMMYXXX.

A note on our data

We collect SWIFT/BIC codes using publicly available data and check them regularly. It is possible that information on this page is no longer current. Counts and locations are from our own dataset.

Treat our data as a starting point, not as the final word: the recipient’s bank details come first. GoldexPay is an independent comparison site for money transfers and not part of Myanma Economic Bank. Should you notice something that is out of date, we welcome a message via the contact page.