1. Purchasing Cheque

(1) Cheque Currency: MMK, CNY, USD, SGD, EUR.

(2) Operation flow:
－Fill out the purchasing cheque application form (authorized signature or seal).
－Client ID card/Passport.

(3) Charges:
－USD cheque USD 5.00 per book, 25 sheets per cheque book.
－MMK cheque MMK 5,000.00 per book, 25 sheets per cheque book.
－SGD cheque SGD 5.00 per book, 25 sheets per cheque book.
－EUR cheque EUR 5.00 per book, 25 sheets per cheque book.
－CNY cheque CNY 30.00 per book, 25 sheets per cheque book.

2. Cheque withdrawal

(1) Operation flow:
－Cheque right bottom and reverse side of the cheque sign authorized signature or seal.
－Fill out the withdrawal slip, the purpose of the transaction on the left bottom.
－Client ID card/Passport.

(2) Charges: USD Cash Withdrawal (charge 0.5% upon withdrawal amount ) 
                      MMK Cash Withdrawal (charge 0.3% upon withdrawal amount ).

(3) Notice:
－According to CBM rules and regulations, USD cheque withdrawal could only performed twice a week, not exceed USD 5,000 per one transaction for each USD account. No limit on the amount and/or frequency for MMK withdrawal.
－MMK cash withdrawal is requested making reservation for 100million MMK and above

Tel: +95-1-9339270 Ext：8820、8862、8832;
Mob:：+95-9-660999666、+95-9-686999666。

3. Cash deposit

(1) Operation Flow:

Fill out the deposit slip including the source of fund. Cash deposit must provide the documents of fund resources (contract, invoice, sales list, receipt or other documents) and Client’s ID card/Passport.

(2) Current deposit interest:
MMK: None.
USD: - Below USD50,000.00- none.
          - Above USD50,000.00- 0.01%(annual interest rate).
CNY: 0.05% (annual interest rate)

(3) Charges: - USD Cash Deposit (Free of charge)
                      - MMK Cash Deposit (Charge 0.03% upon deposit amount).

4. Time deposit

(1) Currency: CNY, USD.

(2) Operation flow: Fill out the time deposit slip, sign authorized signature and seal on the time deposit slip.

(3) Interest rate: Detail interest rate shall contact with Bank RM.

      Period: 7 Days/14 Days/1 month/2 months/3months/ 6 months/9months/12months

(4)Call Deposit: ICBC Yangon Branch provide 7 days and 14 days call deposit product. Detail interest rate shall contact with Bank RM.

5. Internal account transfer

(1) Operation flow:

a. Cheque:

- Submit ICBC cheque, cheque right bottom and reverse side of the cheque sign authorized signature or seal.
- Submit the purpose of fund transfer documents (contract, invoice, disbursement schedule or other payment document).
- Client ID card/Passport.

b.  Online banking: Customer are able to perform internal account transfer through ICBC online banking, payment effect immediately.

(2) Charges:

Cheque: Free of charge.

Online banking: Free of charge

6. MMK cheque clearing within the same city

(1) Operation flow:
- For the purpose of CBM clearing: T day submit ICBC cheque to local bank, depend on submitted time T day or T+1 clearing.
- Submit local bank cheque to ICBC for the purpose of CBM clearing: T day before 12:00pm submit local bank cheque to ICBC, T day clearing; after 12:00pm, T+1 clearing.
- CBM-NET clearing: Fund arrival on the same day(submit ICBC cheque and remittance application form).

(2) Charges:

Submit ICBC cheque to local bank for the purpose of CBM clearing: MMK10,000.00 per transaction.

Submit local bank cheque to ICBC for the purpose of CBM clearing: Free of charge.

CBM-NET Remittance: Below MMK 30,000,000.00: Charge MMK3,000.00 per transaction (Cut-off time: 02:00 PM)

Above MMK 30,000,000.00 : Charge 0.01% on remit amt, (Cut-off time: 02:00 PM)

(3) Notice: Client ID card/Passport must submit on every transaction.

7. Remittance

(1) Currency: CNY, USD, EUR, SGD, CNY.

(2) operation flow:

- Submit ICBC cheque, cheque right bottom and reverse side of the cheque sign authorized signature or seal.
- Fill out the remittance application form (triplicate), and signature on the right bottom.
- In accordance with the purpose of remittance, submit the related documents but not limit to(contract, invoice, disbursement schedule or other payment document).
- Client ID card/Passport.

(3) Charges:

Inward remittance: USD20.00/CNY120.00 per transaction (Inward fund from Overseas); free of charge (Inward fund within Myanmar) .

Outward remittance: Counter Fee/Online Banking Fee: Charge 0.125% on remit amt, Min25.00, Max5,000.00

Payment at full amt fee: If choice the remit payment type of “OUR”, Except from remit fee, will additional charge 50.00 per transactions.

8. Currency exchange

(1) Currency: MMK,CNY, USD, SGD, EUR.

(2) Operation flow:
－Submit ICBC cheque, cheque right bottom and reverse side of the cheque sign authorized.
－Fill out the exchange application form.
－Client ID card/Passport.

(3) Notice: Exchange does not support cash exchange.