Sending money to your loved ones back home in Myanmar is now a breeze with CASHOME - the smart, simple and safe remittance service by Singapore Post.

To send money to Myanmar via KBZ Bank, all it takes is to visit any of our Post Offices. There are more than 100 over KBZ branches in Myanmar for the beneficiary to collect the funds. Alternatively, sender can also choose to send money directly to his/her own KBZ Bank savings or current account or send to his/her beneficiary's bank account.

To send money to Myanmar, just follow the easy steps below:

Frequently Asked Questions (FAQs)

1. Overview

2. Sending Money

3. Receiving Money

4. Fees/Charges

5. Limits

6. Security

7. Transaction Queries

8. Service Issues

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Overview

1.1 What is this remittance service all about?

This is a remittance service offered by SingPost in collaboration with Kanbawza Bank (KBZ Bank) Myanmar. It is a fast, convenient, and secure remittance service that allows the sender to remit money to Myanmar and beneficiary can collect funds at any KBZ Bank branches throughout Myanmar. Alternatively, sender can also choose to send money direct to his/her own KBZ Bank savings or current account or send to his/her beneficiary's bank account.

Kanbawza Bank (KBZ Bank) was established on 1st of July 1994. Since November 1999, KBZ Bank has transformed into one of the biggest private commercial banks in Myanmar. As of January 2013, KBZ Bank has expanded to more than 100 branches all over Myanmar, maintaining itself as a leading bank with the largest network of branches and the biggest customer base with one third of the market share.

1.2 What are the benefits of this SingPost-KBZ Remittance Service to Myanmar?

1) CASHOME Remittance Service to Myanmar via KBZ allows sender to send money conveniently at any SingPost post office located islandwide (56 branches) to their beneficiary in Myanmar to enable collection of funds at any KBZ Bank branches without the need for beneficiary to maintain an account with KBZ. KBZ has also one of the largest networks of branches with over 100 branches in Myanmar, making it accessible for beneficiary to collect funds.

2) We offer secured remittance service where sender needs to share with beneficiary the transaction reference number which is a PIN number together with a valid Myanmar ID before cash can be collected at any KBZ Bank branches.

3) SingPost-KBZ Remittance Service offers competitive and stable exchange rates for your remittances as KBZ Bank is one of the private banks granted with Authorized Dealer License by the Central Bank of Myanmar (MCB) to set exchange rate under MCB's managed float system daily.

4) Sender can also choose to send money direct to any KBZ Bank current or savings account. For Burmese senders who choose to send money home for savings purpose, KBZ Savings Deposit account offers a high interest of 8% per annum, compounded quarterly. Myanmar migrant workers can remit their salaries back to Myanmar without being charged a 2% income tax by the local government.

5) Beneficiary can also collect cash or receive money in his/her account within the same business day# in Myanmar after 1 pm Myanmar time if sender transacts at any post office before 12 noon. Transactions done after 12 noon will be available for cash collection or credited to bank account the next business day.

#applies to weekdays from Mon-Fri only.

For more information, please refer to our SingPost CASHOME Myanmar Remittance Service Brochure or call our Myanmar Remittance Specialist – Yu Thawdar Myint (Vicky) at 9122 3722.

1.3 Where is this service offered?

This service is currently offered over-the-counter at any SingPost branches island-wide.

1.4 What are the payment modes?

You can fund your remittance transaction by NETS or by Cash when you transact at the post offices.

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2. Sending Money

2.1 Do I need to register for the service?

You need to first register for a CASHOME Card at any of the Post Offices. You need to bring along a valid Singapore ID (Work permit / S-pass / NRIC) to register for the CASHOME card. A CASHOME Card is an identification card for you to use at any post offices to remit money to your recipients. This saves you the hassle of filling up any forms for subsequent transactions.

After registering for a CASHOME Card, you are also required to do a one-time registration of the designated recipient's name, recipient's Myanmar National ID number, recipient's Date of Birth, recipient's contact number, address, Bank Branch Name and Bank Branch Code. Should there be any changes in the Recipient's Details or if you would like to add on more recipients to your CASHOME Card, you need to proceed to any Post Office to do before the transaction can be done at the Post Office.

2.2 What Recipient Information needs to be provided to send money?

You will need to provide the SingPost staff at the post office with the following information when registering the Recipient's information.

1) Recipient's Name

2) Recipient's Date of Birth

3) Recipient's Myanmar National ID number (usually 12 Alpha-numeric)

4) Recipient's Contact Number

5) Recipient's Address

Ø For Cash Pick up service, sender needs to provide the Recipient's Bank Branch Name and Recipient's Bank Branch Code.

Ø For Direct to Bank Account service, sender needs to provide the 13 digits or 17 digits KBZ savings deposit/current account number.

Please refer to the full list of the KBZ Bank Branch Name and Bank Branch Code.

2.3 How do I send money?

You can proceed to any of the Post Offices to send money back to Myanmar.

For Cash Pick-up Service

Step 1: You need to first register for a CASHOME Card at any of the post offices by presenting your NRIC or Work Permit. You will be presented with a CASHOME Card instantly.

Step 2: You will also need to do a one-time registration of the Recipient's details in the CASHOME Card and you will have to provide the counter staff at the post office with the Recipient's Name, Recipient's Date of Birth, Recipient's Myanmar National ID Number, Recipient's Contact Number, Address, Recipient's Bank Branch Name and Branch Code.

Step 3: Advise the staff who is the intended recipient and the amount to send.

Step 4: Make payment via CASH or NETS over the counter and you will receive a CASHOME-KBZ Remittance transaction receipt. The money will be available at the selected KBZ Bank branch for cash pick up in Myanmar on the same business day(Mon-Fri only) if transaction is performed before 12 noon or on the next business day if transaction is performed after 12 noon or on weekends.

(Sender has to select the choice of KBZ Bank branch for the beneficiary to pick up cash.)

For subsequent CASHOME- KBZ remittance transaction at any post office, please present your CASHOME Card to the staff at the post office and proceed with Step 3 & Step 4.

However, please note that should you need to register for any new recipients or amend the Recipient's details, you would have to do so at any post office. Do ensure that you bring along your CASHOME Card.

Sender will need to share with Beneficiary the "CASHOME Remittance Transaction Reference Number" which will be necessary for Beneficiary to collect cash at KBZ Bank locations.

# Note: Please note that Remittance Transaction Reference Number is confidential and it is the responsibility of the sender and beneficiary not to let other people know about the number.

For Direct Credit to KBZ Savings Deposit or Current Account:

Step 1: You need to first register for a CASHOME Card at any of the post offices by presenting your NRIC or Work Permit. You will be presented with a CASHOME Card instantly.

Step 2: You will also need to do a one-time registration of the Recipient's details in the CASHOME Card and you will have to provide the counter staff at the post office with the Recipient's Name, Recipient's Date of Birth, Recipient's Myanmar National ID Number, Recipient's Contact Number, Address, Recipient's Bank Branch Name and KBZ Bank Account Number.

Step 3: Advise the staff who is the intended recipient and the amount to send.

Step 4: Make payment via CASH or NETS over the counter and you will receive a CASHOME-KBZ Remittance transaction receipt. The money will be credited to beneficiary's KBZ savings deposit or current account in Myanmar on the same business day(Mon-Fri only) if transaction is performed before 12 noon or on the next business day if transaction is performed after 12 noon or on weekends.

Please note that KBZ Bank account number format may be in 13 or 17 digits and service shall apply only to KBZ Savings Deposit account and KBZ Current account only.

For subsequent CASHOME- KBZ remittance transaction at any post office, please present your CASHOME Card to the staff at the post office and proceed with Step 3 & Step 4.

However, please note that should you need to register for any new recipients or amend the Recipient's details, you would have to do so at any post office. Do ensure that you bring along your CASHOME Card.

2.4 Is registration of the CASHOME card free?

The CASHOME Card is free! For subsequent card replacement, S$5 fee applies each time.

2.5 How long does the money take to reach my recipient?

For transactions performed at any Post Office before 12 noon (Singapore Time) to KBZ bank, beneficiary can collect the funds within the same business day after 2.30pm (Singapore Time) / 1.00pm (Myanmar Time) during KBZ Bank's branch operating hours in Myanmar.

(Note: Myanmar Banks branches operate up till 3 p.m local time)

For all KBZ bank transactions performed after 12.00 noon to 10 p.m (last closing time) Spore time at all post offices will be available for pick-up the next business day in Myanmar after 9 a.m.

However, you may wish to note that cash pick up can sometimes be delayed due to various factors including incorrect or incomplete payment details (eg: wrong beneficiary's contact number) and ability of KBZ to process incoming funds timely and non-working days in Myanmar.

Customers may also be required to provide additional information upon request by SingPost

For any remittance transaction performed on Friday/Weekends/Public Holiday, Beneficiary can collect the money only on the next business day in Myanmar.

(Eg: If the transaction is performed on Friday, cash can be picked up only on Monday after 1p.m Spore time.)

*Note: Myanmar is 1.5 hours behind Singapore.

2.6 How will I be informed that the funds have been successfully sent? Can I track the transaction?

You will receive a transaction confirmation receipt at the post office once your transaction is confirmed. In the event that the remittance is unsuccessful, we will notify you at the earliest possible time.

2.7 How will I know if the funds have been successfully received?

You need to check with the recipient on whether the funds are successfully transferred.

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3. Receiving Money

3.1 Who can receive money?

Sender is able to send the funds to Myanmar to anyone with a valid Myanmar National ID.

3.2 How to collect the money in Myanmar?

For funds collection in Myanmar, the receiver is required to produce the valid Myanmar ID card and the remittance Transaction Reference Number (equivalent to PIN number) located on the receipt issued to the sender. Receiver will only be able to collect the funds at their selected choice of KBZ Bank Branch.

3.3 How many cash pick up locations are there under KBZ Bank?

There are more than 100 branches under the KBZ Bank network available for the receiver to collect the funds. The receiver can only collect the funds at the selected KBZ bank branch stated in the CASHOME application form upon performing the remittance transaction. Under this current Phase 1 launch for SingPost-KBZ remittance service, we have not extended the cash pick-up locations to KBZ-affiliated banks network yet.

List of KBZ Bank Cash Pick Up Location (updated as at 31 July 2013)

3.4 How much does the recipient have to pay?

There will not be any charges to the recipient if he/she collects the funds at any KBZ bank branches.

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4. Fees/Charges

4.1 What are the fees involved in this remittance service?

For CASHOME KBZ Bank Remittance Service to Myanmar, we are charging a flat fee of $8 per transaction.

4.2 Who pays the fees, the person sending the money or the person receiving it?

The sender remitting the money pays the transfer fee.

4.3 Can I choose which currency to remit the money to?

You can only remit money to recipients in Myanmar Kyat (MMK), with payment in S$.

4.4 What exchange rate is used?

The prevailing exchange rate used will be the rate quoted to you at the point of the remittance transaction.

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5.0 Limits

5.1 What is the minimum and maximum amount I can transfer?

In order to ensure the maximum security for the remittance transaction and in keeping with money transfer regulations, the maximum remittance amount is S$3,500 per sender per day. The sender can remit money to a maximum of three recipients as long as the remittance amount does not exceed S$3,500.

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6. Security

6.1 Is the service secure?

YES, the service is extremely secure. SingPost is committed to safeguarding your personal information and privacy.

6.2 Is there an audit trail for funds received?

Yes, SingPost is obligated by law to hold details of all transactions.

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7. Transaction Queries

7.1 Can I cancel the transaction?

As the transfer is initiated immediately once you complete the transaction, you are unable to cancel it.

7.2 What should I do when my recipient reports non-receipt of the remittance money?

You need to present the original receipt at the post office and submit a transaction enquiry. SingPost will notify you on your enquiry at the earliest possible time. For enquiries on the remittance status, you may call us at 1605 or submit your transaction enquiry request at any Post Office.

7.3 What happens if a KBZ transaction gets rejected and needs to be refunded?

If a KBZ Bank Transaction is rejected or a refund for a KBZ Bank Transaction is requested, funds will be returned in Singapore Dollars at the original contracted rate for Myanmar Kyat. There is no exchange loss.

SingPost have the right to refuse or reject any transaction back to sender if we have detected any "suspicious record" as part of our KYC/AML compliance screening process under MAS Notice 3001.

7.4 What should I do if there is an error in my transaction (eg: name of the beneficiary stated incorrectly)

You may call our 1605 or submit your enquiry request to the Post Offices to confirm the status of your remittance before deciding if you need to perform another remittance. SingPost will confirm the status of your remittance after receipt of the enquiry request and transaction details from you in good order and reply to you as soon as an update is received from KBZ Bank.

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8. Service Issues

8.1 Where can I call for assistance in case of service issues?

You may call our customer service hotline at 1605.

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Sending money to your loved ones back home in Myanmar is now a breeze with CASHOME - the smart, simple and safe remittance service by Singapore Post.

To send money to Myanmar via AGD Bank, all it takes is to visit any of our Post Offices. There are 29 branches under the AGD Bank network. Moreover, there are 5 Affiliated Banks (Myawaddy, Apex, MLFDB, Ayarwaddy and SMID) available for the cash pick up service.

To send money to Myanmar, just follow the easy steps below:

Frequently Asked Questions (FAQs)

1. Overview

2. Sending Money

3. Receiving Money

4. Fees/Charges

5. Limits

6. Security

7. Transaction Queries

8. Service Issues

............................................................................................................................................................

Overview

1.1 What is this remittance service all about?

This is a remittance service offered by SingPost in collaboration with Asia Green Development Bank (AGD Bank) in collaboration with SingPost. It is a fast, convenient, and secure remittance service that allows the sender to remit money to Myanmar and receiver can collect the funds at any AGD Bank branches or its 5 Affiliated Banks: Myawaddy, Apex, MLFDB, Ayarwaddy & SMID) cash pick up locations. Alternatively, customers can also credit the funds direct to the receiver's AGD Bank savings/current account.

Asia Green Development Bank was established in 2010 with the intention of not only giving banking services to the general public but also to play a part in the economic, social and environmental development of Myanmar. In 2 years and seven months, AGD has opened 29 branches.

AGD Bank is ranked 8th position in terms of paid up capital & ranked 7th position in terms of total assets amongst the 19 private banks in Myanmar (based on information provided by Central Bank of Myanmar as at 31 Dec 12).

1.2 What are the benefits of this SingPost-AGD Remittance Service to Myanmar?

1) CASHOME Remittance Service to Myanmar via AGD allows sender to send money conveniently at any SingPost post office located islandwide (56 branches) to their beneficiary in Myanmar to enable collection of funds at any AGD Bank branches or its affiliated bank branches without the need for beneficiary to maintain an account with AGD. With its domestic network of 5 affiliated banks, it is accessible for beneficiary to collect funds easily in Myanmar.

2) We offer secured remittance service where sender needs to share with beneficiary the transaction reference number which is a PIN number together with a valid Myanmar ID before cash can be collected at any AGD Bank branches or its affiliated banks branches.

3) SingPost-AGD Remittance Service offers competitive and stable exchange rates for your remittances as AGD Bank is one of the private banks granted with Authorized Dealer License by the Central Bank of Myanmar (MCB) to set exchange rate under MCB's managed float system daily.

4) Sender can also choose to send money direct to any AGD Bank current or savings account. For Burmese senders who choose to send money home for savings purpose, AGD Savings Deposit account offers a high interest of 8% per annum, compounded quarterly. Myanmar migrant workers can remit their salaries back to Myanmar without being charged a 2% income tax by the local government.

5) Beneficiary can also collect cash or receive money in his/her account within the same business day# in Myanmar after 1 pm Myanmar time if sender transacts at any post office before 12 noon. Transactions done after 12 noon will be available for cash collection or credited to bank account the next business day.

#applies to weekdays from Mon-Fri only.

For more information, please refer to our SingPost CASHOME Myanmar Remittance Service Brochure or call our Myanmar Remittance Specialist – Yu Thawdar Myint (Vicky) at 9122 3722.

1.3 Where is this service offered?

This service is currently offered over-the-counter at any SingPost branches island-wide.

1.4 What are the payment modes?

You can fund your remittance transaction by NETS or by Cash when you transact at the post offices.

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2. Sending Money

2.1 Do I need to register for the service?

You need to first register for a CASHOME Card at any of the Post Offices. You need to bring along a valid Singapore ID (Work permit / S-pass / NRIC) to register for the CASHOME card. A CASHOME Card is an identification card for you to use at any post offices to remit money to your recipients. This saves you the hassle of filling up any forms for subsequent transactions.

After registering for a CASHOME Card, you are also required to do a one-time registration of the designated recipient's name, recipient's Myanmar National ID number, recipient's Date of Birth, recipient's contact number, address, Bank Branch Name and Bank Branch Code. Should there be any changes in the Recipient's Details or if you would like to add on more recipients to your CASHOME Card, you need to proceed to any Post Office to do before the transaction can be done at the Post Office.

2.2 What Recipient Information needs to be provided to send money?

You will need to provide the SingPost staff at the post office with the following information when registering the Recipient's information.

1) Recipient's Name

2) Recipient's Date of Birth

3) Recipient's Myanmar National ID number (usually 12 Alpha-numeric)

4) Recipient's Contact Number

5) Recipient's Address

  • For Cash Pick up service, sender needs to provide the Recipient's Bank Branch Name and Recipient's Bank Branch Code.
  • For Direct to Bank Account service, sender needs to provide the 13 digits AGD savings deposit or current account number.

 

Please refer to the full list of the AGD Bank Branch Name and Bank Branch Code.

2.3 How do I send money?

You can proceed to any of the Post Offices to send money back to Myanmar.

For Cash Pick-up Service

Step 1: You need to first register for a CASHOME Card at any of the post offices by presenting your NRIC or Work Permit. You will be presented with a CASHOME Card instantly.

Step 2: You will also need to do a one-time registration of the Recipient's details in the CASHOME Card and you will have to provide the counter staff at the post office with the Recipient's Name, Recipient's Date of Birth, Recipient's Myanmar National ID Number, Recipient's Contact Number, Address, Recipient's Bank Branch Name and Branch Code.

Step 3: Advise the staff who is the intended recipient and the amount to send.

Step 4: Make payment via CASH or NETS over the counter and you will receive a CASHOME-AGD Remittance transaction receipt. The money will be available at the selected AGD Bank branch for cash pick up in Myanmar on the same business day(Mon-Fri only) if transaction is performed before 12 noon or on the next business day if transaction is performed after 12 noon or on weekends.

(Sender has to select the choice of AGD Bank branch or AGD-affiliated bank branches for the beneficiary to pick up cash.)

For subsequent CASHOME- AGD remittance transaction at any post office, please present your CASHOME Card to the staff at the post office and proceed with Step 3 & Step 4.

However, please note that should you need to register for any new recipients or amend the Recipient's details, you would have to do so at any post office. Do ensure that you bring along your CASHOME Card.

Sender will need to share with Beneficiary the "CASHOME Remittance Transaction Reference Number" which will be necessary for Beneficiary to collect cash at AGD Bank locations or AGD Affiliated Bank locations.

# Note: Please note that Remittance Transaction Reference Number is confidential and it is the responsibility of the sender and beneficiary not to let other people know about the number.

For Direct Credit to AGD Savings Deposit or Current Account:

Step 1: You need to first register for a CASHOME Card at any of the post offices by presenting your NRIC or Work Permit. You will be presented with a CASHOME Card instantly.

Step 2: You will also need to do a one-time registration of the Recipient's details in the CASHOME Card and you will have to provide the counter staff at the post office with the Recipient's Name, Recipient's Date of Birth, Recipient's Myanmar National ID Number, Recipient's Contact Number, Address, Recipient's Bank Branch Name and AGD Bank Account Number.

Step 3: Advise the staff who is the intended recipient and the amount to send.

Step 4: Make payment via CASH or NETS over the counter and you will receive a CASHOME-AGD Remittance transaction receipt. The money will be credited to beneficiary's AGD savings deposit or current account in Myanmar on the same business day(Mon-Fri only) if transaction is performed before 12 noon or on the next business day if transaction is performed after 12 noon or on weekends.

Please note that AGD Bank account number format is in 13 digits service shall apply only to AGD Savings Deposit account and AGD Current account only.

For subsequent CASHOME-AGD remittance transaction at any post office, please present your CASHOME Card to the staff at the post office and proceed with Step 3 & Step 4.

However, please note that should you need to register for any new recipients or amend the Recipient's details, you would have to do so at any post office. Do ensure that you bring along your CASHOME Card.

2.4 Is registration of the CASHOME card free?

The CASHOME Card is free! For subsequent card replacement, S$5 fee applies each time.

2.5 How long does the money take to reach my recipient?

For transactions performed at any Post Office before 12 noon (Singapore Time) to AGD bank, beneficiary can collect the funds within the same business day after 2.30pm (Singapore Time) / 1.00pm (Myanmar Time) during AGD Bank's branch operating hours in Myanmar.

(Note: Myanmar Banks branches operate up till 3 p.m local time)

For all AGD bank transactions performed after 12.00 noon to 10 p.m (last closing time) Spore time at all post offices will be available for pick-up the next business day in Myanmar after 9 a.m.

However, you may wish to note that cash pick up can sometimes be delayed due to various factors including incorrect or incomplete payment details (eg: wrong beneficiary's contact number) and ability of AGD to process incoming funds timely and non-working days in Myanmar.

Customers may also be required to provide additional information upon request by SingPost

For any remittance transaction performed on Friday/Weekends/Public Holiday, Beneficiary can collect the money only on the next business day in Myanmar.

(Eg: If the transaction is performed on Friday, cash can be picked up only on Monday after 1p.m Spore time.)

*Note: Myanmar is 1.5 hours behind Singapore.

2.6 How will I be informed that the funds have been successfully sent? Can I track the transaction?

You will receive a transaction confirmation receipt at the post office once your transaction is confirmed. In the event that the remittance is unsuccessful, we will notify you at the earliest possible time.

2.7 How will I know if the funds have been successfully received?

You need to check with the recipient on whether the funds are successfully transferred.

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3. Receiving Money

3.1 Who can receive money?

Sender is able to send the funds to Myanmar to anyone with a valid Myanmar National ID.

3.2 How to collect the money in Myanmar?

For funds collection in Myanmar, the receiver is required to produce the valid Myanmar ID card and the remittance Transaction Reference Number (equivalent to PIN number) located on the receipt issued to the sender. Receiver will only be able to collect the funds at their selected choice of AGD Bank Branch.

3.3 How many cash pick up locations are there under AGD Bank?

There are 29 branches under the AGD Bank network and over 150 - Affiliated Bank branches available for the receiver to collect the funds. The receiver can only collect the funds at the selected AGD or AGD Affiliated bank branch stated in the CASHOME application form upon performing the remittance transaction.

The 5 AGD Affiliated Banks available for Cash Pick Up are: Ayeyarwady Bank, MLFD Bank, Myanmar Apex Bank, Myawaddy Bank & SMID Bank.

For full list of AGD Affiliated Banks, please refer to the following list.

3.4 How much does the recipient have to pay?

There will not be any charge to the recipient if he/she collects the funds at any AGD bank branches. However, please note that AGD - affiliated banks will impose a standard charge of Myanmar Kyats of MMK 500 + 0.15% of the remittance amount if beneficiary collect the cash at AGD – affiliated banks network.

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4. Fees/Charges

4.1 What are the fees involved in this remittance service?

For CASHOME AGD Bank Remittance Service to Myanmar, we are charging a flat fee of $8 per transaction.Please note that AGD - affiliated banks will impose a standard charge of Myanmar Kyats of MMK 500 + 0.15% of the remittance amount if beneficiary collect the cash at AGD – affiliated banks network.

4.2 Who pays the fees, the person sending the money or the person receiving it?

The sender remitting the money pays the transfer fee.

4.3 Can I choose which currency to remit the money to?

You can only remit money to recipients in Myanmar Kyat (MMK), with payment in S$.

4.4 What exchange rate is used?

The prevailing exchange rate used will be the rate quoted to you at the point of the remittance transaction.

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5.0 Limits

5.1 What is the minimum and maximum amount I can transfer?

In order to ensure the maximum security for the remittance transaction and in keeping with money transfer regulations, the maximum remittance amount is S$3,500 per sender per day. The sender can remit money to a maximum of three recipients as long as the remittance amount does not exceed S$3,500.

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6. Security

6.1 Is the service secure?

YES, the service is extremely secure. SingPost is committed to safeguarding your personal information and privacy.

6.2 Is there an audit trail for funds received?

Yes, SingPost is obligated by law to hold details of all transactions.

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7. Transaction Queries

7.1 Can I cancel the transaction?

As the transfer is initiated immediately once you complete the transaction, you are unable to cancel it.

7.2 What should I do when my recipient reports non-receipt of the remittance money?

You need to present the original receipt at the post office and submit a transaction enquiry. SingPost will notify you on your enquiry at the earliest possible time. For enquiries on the remittance status, you may call us at 1605 or submit your transaction enquiry request at any Post Office.

7.3 What happens if an AGD Bank or AGD-affiliated bank transaction gets rejected and needs to be refunded?

If a AGD Bank or AGD-Affiliated Bank Transaction is rejected or a refund for a AGD Bank Transaction is requested, funds will be returned in Singapore Dollars at the original contracted rate for Myanmar Kyat. There is no exchange loss.

However, for any refund of rejected or cancelled transactions relating to remittance made to AGD Bank - Affiliated Banks, AGD Bank will deduct an extra charge of S$5.00 in Myanmar Kyat equivalent from the refund proceeds before returning it to Remitter via SingPost.

SingPost have the right to refuse or reject any transaction back to sender if we have detected any "suspicious record" as part of our KYC/AML compliance screening process under MAS Notice 3001.

7.4 What should I do if there is an error in my transaction (eg: name of the beneficiary stated incorrectly)

You may call our 1605 or submit your enquiry request to the Post Offices to confirm the status of your remittance before deciding if you need to perform another remittance. SingPost will confirm the status of your remittance after receipt of the enquiry request and transaction details from you in good order and reply to you as soon as an update is received from AGD Bank.

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8. Service Issues

8.1 Where can I call for assistance in case of service issues?

You may call our customer service hotline at 1605.

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Sending money to your loved ones back home in Myanmar is now a breeze with CASHOME - the smart, simple and safe remittance service by Singapore Post.

To send money to Myanmar via Tun Foundation Bank (TFB), all it takes is to visit any of our 10 Post Offices. There are 12 branches under the Tun Foundation Bank network in Myanmar and your funds will reached Myanmar the next business day.

To send money to Myanmar, just follow the easy steps below:



Frequently Asked Questions (FAQs)

  1. Overview
  2. Sending Money
  3. Receiving Money
  4. Fees/Charges
  5. Limits
  6. Security
  7. Transaction Queries
  8. Service Issues

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1. Overview

1.1 What is this remittance service all about?

This is a remittance service offered by Tun Foundation Bank (TFB) in collaboration with SingPost. It is a fast, convenient, and secure remittance service that allows the sender to remit money to Myanmar and receiver can collect the funds at the selected Tun Foundation Bank cash pick up location.

TFB is a privately owned bank in Myanmar that was established on 8 June 1994, with 12 bank branches. All the profits from this bank go into scholarships for children from poor families. TFB is one of the 11 Banks that has been granted with authorized dealer license to trade in SGD and Myanmar Kyats (MMK) by the Central Bank of Myanmar.

1.2 What are the benefits of this service?

This is a fast, convenient and secure remittance service available at 10 of our SingPost Post Offices. The remittance service provides cash pick up service to beneficiary who does not have a bank account in Myanmar for funds to be credited or would prefer cash pick up service.

Refer to our Tun Foundation Bank Brochure

1.3 Where is this service offered?

This service is currently offered only at 10 Post Offices:



1.4 What are the payment modes?

You can fund your remittance transaction by NETS or by Cash when you transact at the post offices.

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2.Sending Money

2.1 Do I need to register for the service?

You need to first register for a CASHOME Card at any of the 10 Post Offices. You need to bring along a valid Singapore ID (Work permit / S-pass / NRIC) to register for the CASHOME card. A CASHOME Card is an identification card for you to use at any post offices to remit money to your recipients. This saves you the hassle of filling up any forms for subsequent transactions.

After registering for a CASHOME Card, you are also required to do a one-time registration of the designated recipient's name, recipient's Myanmar National ID number, recipient's contact number and address. You are also required to fill in the "Questionnaire for Remittance to Myanmar". 
Should there be any changes in the Recipient's Details or if you would like to add on more recipients to your CASHOME Card, you need to proceed to any Post Office to do before the transaction can be done at the Post Office.

2.2 What Recipient Information needs to be provided to send money?

You will need to provide the SingPost staff at the post office with the following information when registering the Recipient's information.

1) Recipient's Name

2) Recipient's Myanmar National ID number

3) Recipient's Contact Number

4) Recipient's Address

*Important Note: You are also required to fill in the "Questionnaire for Remittance to Myanmar".

2.3 How do I send money?

You can proceed to any of the 10 Post Offices to send money back to Myanmar.


Step 1: You need to first register for a CASHOME Card at any of the post offices by presenting your NRIC or Work Permit. You will be presented with a CASHOME Card instantly.

Step 2: You will also need to do a one-time registration of the Recipient's details in the CASHOME Card and you will have to provide the counter staff at the post office with the Recipient's Name, Recipient's Myanmar National ID Number, Recipient's Contact Number and Address.

Step 3: Advise the staff who is the intended recipient and the amount to send.

Step 4: Make payment via CASH or NETS over the counter and you will receive a CASHOME-TFB Remittance transaction receipt. The money will be available at the selected Tun Foundation Bank Branch for cash pick up.

(Sender has to select the choice of TFB Branch for the beneficiary to pick up cash.)

For subsequent CASHOME-TFB remittance transaction at the post office, please present your CASHOME Card to the staff at the post office and proceed with Step 3 & Step 4.

However, please note that should you need to register for any new recipients or amend the Recipient's details, you would have to do so at any post office. Do ensure that you bring along your CASHOME Card.

Sender will need to share with Beneficiary the "CASHOME Remittance Transaction Reference Number" which will be necessary for Beneficiary to collect cash at Tun Foundation Bank locations.

# Note: Please note that Remittance Transaction Reference Number is confidential and it is the responsibility of the sender and beneficiary not to let other people know about the number.

2.4 Is registration of the CASHOME card free?

The CASHOME Card is free! For subsequent card replacement, S$5 fee applies each time.

2.5 How long does the money take to reach my recipient?

The funds will typically be available for pick up at the selected TFB bank branches the next working day. However, you may wish to note that cash pick up can be delayed due to various factors including incorrect or incomplete payment details (eg: wrong beneficiary's contact number) and ability of TFB to process incoming funds timely and non-working days in Myanmar.

Beneficiary can collect the money by the next business day during TFB Branch operating hours in Myanmar. *Note: Myanmar is 1.5 hours behind Singapore.

For any remittance transaction performed on Friday/Weekends/Public Holiday, Beneficiary can collect the money only on the next business day in Myanmar.

(Eg: If the transaction is performed on Friday, cash can be picked up only on Monday after 1p.m Spore time.)

2.6 How will I be informed that the funds have been successfully sent? Can I track the transaction?

You will receive a transaction confirmation receipt at the post office once your transaction is confirmed. In the event that the remittance is unsuccessful, we will notify you at the earliest possible time.

2.7 How will I know if the funds have been successfully received?

You need to check with the recipient on whether the funds are successfully transferred.

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3. Receiving Money

3.1 Who can receive money?

Sender is able to send the funds to Myanmar to anyone with a valid Myanmar National ID.

3.2 How to collect the money in Myanmar?

For funds collection in Myanmar, the receiver is required to produce the valid Myanmar ID card and the Remittance Transaction Number located on the receipt issued to the sender. Receiver will only be able to collect the funds at their selected choice of Tun Foundation Bank Branch.

3.3 How many cash pick up locations are there under Tun Foundation Bank?

There are 12 branches available for the receiver to collect the funds. The receiver can only collected the funds at the selected TFB branch stated in the CASHOME application form upon performing the remittance transaction.



3.4 How much does the recipient have to pay?

Our fees are charged to the sender. No fee is expected to be charged on the recipient.

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4. Fees/Charges

4.1 What are the fees involved in this remittance service?

For CASHOME Tun Foundation Bank Remittance Service to Myanmar, we are charging a $8 per transaction.

4.2 Who pays the fees, the person sending the money or the person receiving it?

The sender remitting the money pays the transfer fee.

4.3 Can I choose which currency to remit the money to?

You can only remit money to recipients in Myanmar Kyat (MMK), with payment in S$.

4.4 What exchange rate is used?

The prevailing exchange rate used will be the rate quoted to you at the point of the remittance transaction.

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5.0 Limits

5.1 What is the minimum and maximum amount I can transfer?

In order to ensure the maximum security for the remittance transaction and in keeping with money transfer regulations, the maximum remittance amount is S$3,500 per sender per day. The sender can remit money to a maximum of three recipients as long as the remittance amount does not exceed S$3,500.

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6. Security

6.1 Is the service secure?

YES, the service is extremely secure. SingPost is committed to safeguarding your personal information and privacy.

6.2 Is there an audit trail for funds received?

Yes, SingPost is obligated by law to hold details of all transactions.

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7.  Transaction Queries

7.1 Can I cancel the transaction?

As the transfer is initiated immediately once you complete the transaction, you are   unable to cancel it.

7.2 What should I do when my recipient reports non-receipt of the remittance money?

You need to present the original receipt at the post office and submit a transaction enquiry. SingPost will notify you on your enquiry at the earliest possible time. For enquiries on the remittance status, you may call us at 1605 or submit your transaction enquiry request at any Post Office. 

7.3 What happens if a TFB transaction gets rejected and needs to be refunded?

If a TFB Transaction is rejected or a refund for a TFB Transaction is requested, funds will be returned in Singapore Dollars at the original contracted rate for Myanmar Kyat. There is no exchange loss.

SingPost have the right to refuse or reject any transaction back to sender if we have detected any "suspicious record" as part of our KYC/AML compliance screening process under MAS Notice 3001.

7.4 What should I do if there is an error in my transaction (eg: name of the beneficiary stated incorrectly)

You may call our 1605 or submit your enquiry request to the 3 Post Offices to confirm the status of your remittance before deciding if you need to perform another remittance.  SingPost will confirm the status of your remittance after receipt of the enquiry request and transaction details from you in good order and reply to you as soon as an update is received from Tun Foundation Bank.

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8. Service Issues

8.1 Where can I call for assistance in case of service issues?  

You may call our customer service hotline at 1605.

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SingPost Money Changing Service

With effect from 06 May 2013 (Monday), Money Changing Service will be available at Chinatown Post Office.

This money-changing service will be provided for foreign bank notes only and no currency coins under a valid money changer's licence issued by MAS.

Frequent Asked Questions

1. What is SingPost Money Changing service?

SingPost Money Changing service is our new service being offered at selected post offices that involves buying and selling of foreign currencies notes. This service operates under a valid Money Changer's license issued by Monetary Authority of Singapore (MAS). We are currently piloting this service at Chinatown Post Office only.

2. Where is Money Changing service being offered?

The service is available at Chinatown Post office:

3. What are the currencies available under Money Changing service?

SingPost is offering 12 currencies under the money changing service for both buy and sell transactions.

4. Will SingPost extend the service to other Post Offices?

As this is a new service under SingPost wide suite of products and services, we are in the midst of reviewing the demand for extending the service to other Post Offices.

5. Do I need to register for the service?

No, you do not have to register for the money changing service. However, under MAS Regulations - MAS Notice 3005, customers are required to produce a valid identification card for verification purpose for an amount equal or exceeding SGD$5000 in aggregate across SingPost branches.

6. What is the payment mode?

Only cash payment mode is allowed for money-changing transactions.

7. What exchange rate is used?

The prevailing exchange rate used will be the rate quoted to you at the point of the money changing transaction.

8. What are the minimum and maximum limits I can exchange?

There are no minimum and maximum limits for the money changing transaction. However, SingPost do not accept coins and banknotes in following conditions:

• Contaminated; e.g. contaminated with blood or a chemical, biological, or radioactive substance.

• Mutilated; e.g. the denomination and authenticity cannot be determined, require special care in handling, or burned notes.

• Defaced/unfit; e.g. notes are limp, worn, or rag-like in appearance, torn and taped together, badly soiled as to be offensive, faded or stained, sticky, contain graffiti or obscenities.

• Counterfeit; e.g. notes that are rejected by currency note counting machine, or verified to have missing security features.

9. Can I cancel my transaction after leaving the money changing counter?

Customers will not be able to cancel the transaction once the settlement is complete.

10. What should I do when there is a shortage in the funds I received from the exchange?

Customers must verify the bank notes received over the counter before leaving the Post Office. SingPost will not entertain nor responsible for any discrepancies thereafter.

Sending money to your loved ones back home in Myanmar is now a breeze with CASHOME - the smart, simple and safe remittance service by Singapore Post.

To send money to Myanmar via CB Bank, all it takes is to visit any of our Post Offices. CB Bank has 60 Branches in Myanmar and an established affiliated bank network of over 270 Banks branches.. Your funds will reached Myanmar the next business day.

To send money to Myanmar, just follow the easy steps below:



Frequently Asked Questions (FAQs)

  1. Overview
  2. Sending Money
  3. Receiving Money
  4. Fees/Charges
  5. Limits
  6. Security
  7. Transaction Queries
  8. Service Issues



1. Overview

1.1 What is this remittance service all about?

This is a remittance service offered by SingPost in collaboration with Co-operative Bank (CB Bank) in collaboration with SingPost. It is a fast, convenient, and secure remittance service that allows the sender to remit money to Myanmar and receiver can collect the funds at any CB Bank branches or its 8 Affiliated Banks: KBZ, MLFDB, Ayarwaddy, Myanmar Apex Bank (MAB), Myanmar Citizen Bank (MCB), SMID, United Amara Bank (UAB) & Myanmar Oriental Bank (MOB) cash pick up locations. Alternatively, customers can also credit the funds direct to the receiver's CB Bank savings/current account.

CB Bank was first set up as a private, non-public Bank on 21st August 1992. CB Bank offers a comprehensive range of innovative banking services and financial solutions in consumer banking, business banking. They not only offer 24/7 ATM banking service since Nov 11, they have also recently tie-up with MasterCard to introduce the first MasterCard in Myanmar. CB Bank has 60 Branches in Myanmar and an established affiliated bank network of over 270 Banks branches.

CB Bank is also ranked 5th position in terms of paid up capital & ranked 3rd position in terms of total assets amongst the 19 private banks in Myanmar (based on information provided by Central Bank of Myanmar as at 31 Dec 12).

1.2 What are the benefits of this service?

1) CASHOME Remittance Service to Myanmar via CB allows sender to send money conveniently at any SingPost post office located islandwide (56 branches) to their beneficiary in Myanmar to enable collection of funds at any CB Bank branches or its affiliated bank branches without the need for beneficiary to maintain an account with CB. With its domestic network of 8 affiliated banks, it is accessible for beneficiary to collect funds easily in Myanmar.

2) We offer secured remittance service where sender needs to share with beneficiary the transaction reference number which is a PIN number together with a valid Myanmar ID before cash can be collected at any CB Bank branches or its affiliated banks branches.

3) SingPost-CB Remittance Service offers competitive and stable exchange rates for your remittances as CB Bank is one of the private banks granted with Authorized Dealer License by the Central Bank of Myanmar (MCB) to set exchange rate under MCB's managed float system daily.

4) Sender can also choose to send money direct to any CB Bank current or savings account. For Burmese senders who choose to send money home for savings purpose, CB Bank Savings Deposit account offers a high interest of 8% per annum, compounded quarterly. Myanmar migrant workers can remit their salaries back to Myanmar without being charged a 2% income tax by the local government.

5) Beneficiary can also collect cash or receive money in his/her account within the same business day# in Myanmar after 1 pm Myanmar time if sender transacts at any post office before 12 noon. Transactions done after 12 noon will be available for cash collection or credited to bank account the next business day.

#applies to weekdays from Mon-Fri only.

For more information, please refer to our SingPost CASHOME Myanmar Remittance Service Brochure or call our Myanmar Remittance Specialist – Yu Thawdar Myint (Vicky) at 9122 3722.

1.3 Where is this service offered?

This service is currently offered over-the-counter at any SingPost branches island-wide.

1.4 What are the payment modes?

You can fund your remittance transaction by NETS or by Cash when you transact at the post offices.
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2. Sending Money

2.1 Do I need to register for the service?

You need to first register for a CASHOME Card at any of the Post Offices. You need to bring along a valid Singapore ID (Work permit / S-pass / NRIC) to register for the CASHOME card. A CASHOME Card is an identification card for you to use at any post offices to remit money to your recipients. This saves you the hassle of filling up any forms for subsequent transactions.

After registering for a CASHOME Card, you are also required to do a one-time registration of the designated recipient's name, recipient's Myanmar National ID number, recipient's Date of Birth, recipient's contact number, address, Bank Branch Name and Bank Branch Code. Should there be any changes in the Recipient's Details or if you would like to add on more recipients to your CASHOME Card, you need to proceed to any Post Office to do before the transaction can be done at the Post Office.

2.2 What Recipient Information needs to be provided to send money?

You will need to provide the SingPost staff at the post office with the following information when registering the Recipient's information.

1) Recipient's Name

2) Recipient's Date of Birth

3) Recipient's Myanmar National ID number (usually 12 Alpha-numeric)

4) Recipient's Contact Number

5) Recipient's Address

 For Cash Pick up service, sender needs to provide the Recipient's Bank Branch Name and Recipient's Bank Branch Code.

 For Direct Credit to CB Bank Account service, sender needs to provide the 10 digits or 16 digits account number for CB Bank savings deposit or current account.

Please refer to the full list of the CB Bank Branch Name and Bank Branch Code.

2.3 How do I send money?

You can proceed to any of the Post Offices to send money back to Myanmar.

For Cash Pick-up Service

Step 1: You need to first register for a CASHOME Card at any of the post offices by presenting your NRIC or Work Permit. You will be presented with a CASHOME Card instantly.

Step 2: You will also need to do a one-time registration of the Recipient's details in the CASHOME Card and you will have to provide the counter staff at the post office with the Recipient's Name, Recipient's Date of Birth, Recipient's Myanmar National ID Number, Recipient's Contact Number, Address, Recipient's Bank Branch Name and Branch Code.

Step 3: Advise the staff who is the intended recipient and the amount to send.

Step 4: Make payment via CASH or NETS over the counter and you will receive a CASHOME-CB Remittance transaction receipt. The money will be available at the selected CB Bank branch for cash pick up in Myanmar on the same business day(Mon-Fri only) if transaction is performed before 12 noon or on the next business day if transaction is performed after 12 noon or on weekends.

(Sender has to select the choice of CB Bank branch or CB-affiliated bank branches for the beneficiary to pick up cash.)

For subsequent CASHOME- CB remittance transaction at any post office, please present your CASHOME Card to the staff at the post office and proceed with Step 3 & Step 4.

However, please note that should you need to register for any new recipients or amend the Recipient's details, you would have to do so at any post office. Do ensure that you bring along your CASHOME Card.

Sender will need to share with Beneficiary the "CASHOME Remittance Transaction Reference Number" which will be necessary for Beneficiary to collect cash at CB Bank locations or CB Affiliated Bank locations.

# Note: Please note that Remittance Transaction Reference Number is confidential and it is the responsibility of the sender and beneficiary not to let other people know about the number.

For Direct Credit to CB Bank Savings Deposit or Current Account:

Step 1: You need to first register for a CASHOME Card at any of the post offices by presenting your NRIC or Work Permit. You will be presented with a CASHOME Card instantly.

Step 2: You will also need to do a one-time registration of the Recipient's details in the CASHOME Card and you will have to provide the counter staff at the post office with the Recipient's Name, Recipient's Date of Birth, Recipient's Myanmar National ID Number, Recipient's Contact Number, Address, Recipient's Bank Branch Name and CB Bank Account Number.

Step 3: Advise the staff who is the intended recipient and the amount to send.

Step 4: Make payment via CASH or NETS over the counter and you will receive a CASHOME-CB Remittance transaction receipt. The money will be credited to beneficiary's CB Bank savings deposit or current account in Myanmar on the same business day(Mon-Fri only) if transaction is performed before 12 noon or on the next business day if transaction is performed after 12 noon or on weekends.

Please note that CB Bank account number format is in 13 digits service shall apply only to CB Savings Deposit account and CB Current account only.

For subsequent CASHOME-CB remittance transaction at any post office, please present your CASHOME Card to the staff at the post office and proceed with Step 3 & Step 4.

However, please note that should you need to register for any new recipients or amend the Recipient's details, you would have to do so at any post office. Do ensure that you bring along your CASHOME Card.

2.4 Is registration of the CASHOME card free?

The CASHOME Card is free! For subsequent card replacement, S$5 fee applies each time.

2.5 How long does the money take to reach my recipient?

For transactions performed at any Post Office before 12 noon (Singapore Time) to CB bank, beneficiary can collect the funds within the same business day after 2.30pm (Singapore Time) / 1.00pm (Myanmar Time) during CB Bank's branch operating hours in Myanmar.

(Note: Myanmar Banks branches operate up till 3 p.m local time)

For all CB bank transactions performed after 12.00 noon to 10 p.m (last closing time) Spore time at all post offices will be available for pick-up the next business day in Myanmar after 9 a.m.

However, you may wish to note that cash pick up can sometimes be delayed due to various factors including incorrect or incomplete payment details (eg: wrong beneficiary's contact number) and ability of CB Bank to process incoming funds timely and non-working days in Myanmar.

Customers may also be required to provide additional information upon request by SingPost

For any remittance transaction performed on Friday/Weekends/Public Holiday, Beneficiary can collect the money only on the next business day in Myanmar. (Eg: If the transaction is performed on Friday, cash can be picked up only on Monday after 1p.m Spore time.)

*Note: Myanmar is 1.5 hours behind Singapore.

2.6 How will I be informed that the funds have been successfully sent? Can I track the transaction?

You will receive a transaction confirmation receipt at the post office once your transaction is confirmed. In the event that the remittance is unsuccessful, we will notify you at the earliest possible time.

2.7 How will I know if the funds have been successfully received?

You need to check with the recipient on whether the funds are successfully transferred.
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3. Receiving Money

3.1 Who can receive money?

Sender is able to send the funds to Myanmar to anyone with a valid Myanmar National ID.

3.2 How to collect the money in Myanmar?

For funds collection in Myanmar, the receiver is required to produce the valid Myanmar ID card and the remittance Transaction Reference Number (equivalent to PIN number) located on the receipt issued to the sender. Receiver will only be able to collect the funds at their selected choice of CB Bank Branch.

3.3 How many cash pick up locations are there under Co-operative Bank?

There are 60 branches under the CB Bank network and over 260 - Affiliated Bank branches available for the receiver to collect the funds. The receiver can only collect the funds at the selected CB or CB Affiliated bank branch stated in the CASHOME application form upon performing the remittance transaction.

Please refer to the full list of CB Bank & its 8 Affiliated Banks Cash Pick Up Locations.

There are 8 CB Bank -Affiliated Banks available for Cash Pick Up include: KBZ Bank, MLFD Bank, Ayarwaddy Bank, Myanmar Apex Bank (MAB), Myanmar Citizen Bank (MCB), SMID Bank, United Amara Bank (UAB) & Myanmar Oriental Bank (MOB).

3.4 How much does the recipient have to pay?

There will not be any charges to the recipient if he/she collects the funds at any CB bank branches. However, please note that CB - affiliated banks will impose a standard charge of Myanmar Kyats of MMK 500 + 0.15% of the remittance amount if beneficiary collect the cash at CB – affiliated banks network.
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4. Fees/Charges

4.1 What are the fees involved in this remittance service?

For CASHOME CB Bank Remittance Service to Myanmar, we are charging a flat fee of $8 per transaction.

Please note that CB - affiliated banks will impose a standard charge of Myanmar Kyats of MMK 500 + 0.15% of the remittance amount if beneficiary collect the cash at CB – affiliated banks network.

4.2 Who pays the fees, the person sending the money or the person receiving it?

The sender remitting the money pays the transfer fee.

4.3 Can I choose which currency to remit the money to?

You can only remit money to recipients in Myanmar Kyat (MMK), with payment in S$.

4.4 What exchange rate is used?

The prevailing exchange rate used will be the rate quoted to you at the point of the remittance transaction.
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5.0 Limits

5.1 What is the minimum and maximum amount I can transfer?

In order to ensure the maximum security for the remittance transaction and in keeping with money transfer regulations, the maximum remittance amount is S$3,500 per sender per day. The sender can remit money to a maximum of three recipients as long as the remittance amount does not exceed S$3,500.
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6. Security

6.1 Is the service secure?

YES, the service is extremely secure. SingPost is committed to safeguarding your personal information and privacy.

6.2 Is there an audit trail for funds received?

Yes, SingPost is obligated by law to hold details of all transactions.
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7. Transaction Queries

7.1 Can I cancel the transaction?

As the transfer is initiated immediately once you complete the transaction, you are unable to cancel it.

7.2 What should I do when my recipient reports non-receipt of the remittance money?

You need to present the original receipt at the post office and submit a transaction enquiry. SingPost will notify you on your enquiry at the earliest possible time. For enquiries on the remittance status, you may call us at 1605 or submit your transaction enquiry request at any Post Office. 

7.3 What happens if a CB transaction gets rejected and needs to be refunded?

If a CB Bank or CB-Affiliated Bank Transaction is rejected or a refund for a CB Bank Transaction is requested, funds will be returned in Singapore Dollars at the original contracted rate for Myanmar Kyat. There is no exchange loss.

However, for any refund of rejected or cancelled transactions relating to remittance made to CB Bank - Affiliated Banks, CB Bank will deduct an extra charge of S$5.00 in Myanmar Kyat equivalent from the refund proceeds before returning it to Remitter via SingPost.

SingPost have the right to refuse or reject any transaction back to sender if we have detected any "suspicious record" as part of our KYC/AML compliance screening process under MAS Notice 3001.

7.4 What should I do if there is an error in my transaction (eg: name of the beneficiary stated incorrectly)

You may call our 1605 or submit your enquiry request to the Post Offices to confirm the status of your remittance before deciding if you need to perform another remittance. SingPost will confirm the status of your remittance after receipt of the enquiry request and transaction details from you in good order and reply to you as soon as an update is received from CB Bank.
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8. Service Issues

8.1 Where can I call for assistance in case of service issues?  

You may call our customer service hotline at 1605.
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