Send money to Myanmar effectively

Information verified correct on April 27th, 2017

myanmarCompare exchange rates and transfer fees when you need to send money to Myanmar.

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process.
Sending money from the US to Myanmar doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the most Burmese kyats for your dollar.

From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Myanmar is easy. However, do your research and shop around for the best available deal.

Compare your wire transfer options to Myanmar

Use the international wire transfer calculator below to compare rates when you send money to Myanmar.

Rates last updated April 27th, 2017

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Wyre International Money Transfers
No transfer fees for finder... No transfer fees for finder.com readers. Make transfers with Bitcoin.
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.
USD 1,000 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
WorldRemit International Money Transfers
Use promo code FREE to ... Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
TransferWise International Money Transfers
Enjoy high maximum transfers into ... Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Send safe... Send safe, no-limit transfers with no fees and competitive exchange rates.
USD 150 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money into 20 currencies ... Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.
USD 100 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
TorFX International Money Transfers
No hidden fees and a ... No hidden fees and a best rate guarantee for 60 global currencies.
USD 150 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Wells Fargo Bank
While more expensive than other ... While more expensive than other options, securely send money to 13 Latin American and Asian countries.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
More

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Easing of US Sanctions against Myanmar

In 2013, the US eased its economic sanctions against Myanmar, allowing four Myanmar banks to do business with US companies: Asia Green Development Bank, Ayeyarwady Bank, Myanma Economic Bank and Myanma Investment & Commercial Bank.

Despite the lifting of sanctions, as of 2015 many major US banks have hesitated to begin offering money transfers to and from Myanmar. Until foreign banks establish a stronger presence in Myanmar, your easiest options are MoneyGram and Western Union.

How to compare transfer companies when transferring money to Myanmar

  • Exchange rates. Look at the exchange rates offered for turning US dollars into Burmese kyats. Use the published mid-market rate as a baseline to compare against the rates you’re being offered. The company that’s closest is offering you the best rate.
  • Fees. Before you complete your transfer, confirm how much you’ll have to pay in transfer fees. What you’ll pay sometimes varies by payment option.
  • Transfer methods. Can you place transfers online, or do you need to visit an agent location? Can you send your funds over the phone?
  • Turnaround time. How long will you have to wait until your funds are available for your recipient? Processing times can vary depending by company and hours of operation at each cash pickup location.
  • Minimum amount. Will you need to exceed a minimum transfer limit with each transaction?
  • Pickup methods. Can your beneficiary pick up cash from their nearest transfer agent, or will the funds be deposited into their bank account?
  • Customer service. Is customer support available by phone, email or live chat, and are the hours convenient for your needs?
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Foreign exchange rates explained
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency.

For example, in December 2016 the US dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

How to send money to Myanmar from America

  • Western Union. Western Union operates an extensive branch network throughout Myanmar. You can initiate a transfers online or by visiting an agent location worldwide.
  • MoneyGram. MoneyGram has been offering its services in Myanmar since 2013. It offers 10-minute transfers that can be picked up from its locations throughout Myanmar.
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Emergency cash transfers in Myanmar

Depending on your circumstances, you may find that you need to send an urgent transfer. For example, you might have a close relative traveling through Myanmar who has all their luggage, including their cash, stolen. Happily, both MoneyGram and Western Union offer rapid transfers to Myanmar, but just remember to double-check the exchange rate and fee that applies to your transaction to make sure you’re completely aware of how much the transfer will cost.

As for anyone who has been a victim of theft in Myanmar, their first move should be to report the matter to the local police. They may also be able to receive emergency assistance from their travel insurer or credit card issuer.

Back to topFind a money transfer location near you

Tips for picking up cash in Myanmar

  • Don’t visit a transfer agent in an area where you don’t feel safe.
  • Don’t pick up cash alone — if possible, ask a friend to accompany you.
  • Keep your cash concealed and don’t flash it around in public.
  • Avoid any high-crime areas.
  • Don’t carry cash around for any longer than you need to. Immediately deposit the funds in your bank account.
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How to send money to Myanmar

Before you can send an international money transfer to Myanmar, you will need to provide:

  • Your name and contact information.
  • Proof of ID.
  • Your recipient’s name, address and contact information.
  • The details of your transaction, such as how much you wish to send and in what currency.

Once you’ve handed over your money, you’ll receive a transaction reference number. Use this reference number to track the progress of your funds.

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US International Money Transfers Offers

Learn about our information service
HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

WorldRemit International Money Transfers

Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.

TransferWise International Money Transfers

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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