Send Money to Myanmar Effectively

Information verified correct on December 3rd, 2016

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

Myanmar (formerly Burma) is a south-east Asian country bordered by India, China, Bangladesh, Laos and Thailand. Although relations between the United States and Myanmar were somewhat strained following the military coup of 1998, ties between the two countries have improved in recent years due to signs of liberalisation of the Myanmar Government.

However, sending money to Myanmar is not as easy as it is to transfer funds to other south-east Asian countries. This is partly due to the fact that the US has imposed economic sanctions on Myanmar since 1997, but also due to problems with Myanmar’s outdated financial system.

As a result, you most likely will not be able to send money to Myanmar through your bank. Instead, you may have to use the services of a money transfer provider like Western Union or MoneyGram.

How to compare transfer companies when transferring money to Myanmar

  • Exchange rates. Look at the exchange rates offered for turning US Dollars into Burmese Kyat and see which company regularly offers higher rates.
  • Fees. Use a company’s price estimator tool to check the amount you will have to pay in transfer fees. You may find that some companies charge higher fees for different transfer methods.
  • Transfer methods. Can you place transfers online or do you need to visit a branch 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 beneficiary? Processing times can vary depending on the company you choose and the opening hours of the cash pickup location.
  • Minimum amount. Will you need to exceed a minimum transfer limit with each transaction?
  • Pickup methods. At the time of writing, cash pickup was the only option for transfers to Myanmar.
  • Customer service. In what forms (phone, email, online chat) is customer support available and during what hours?
Back to top

How to send money to Myanmar from America

  • Western Union. Western Union operates an extensive branch network throughout Myanmar. Transfers can be lodged online or by visiting a Western Union branch.
  • MoneyGram. MoneyGram has been offering its services in Myanmar since mid-2013. It offers 10-minute transfers that can be picked up from its locations throughout Myanmar.
Back to top

Emergency cash transfers in Myanmar

There are certain circumstances where you may find that you need to send an urgent transfer. For example, you might have a close relative travelling through Myanmar who has all their luggage, including their cash, stolen by thieves. 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 top

Cash pickup locations in Myanmar / Western Union / MoneyGram branches in Myanmar

The contact details and opening hours of some popular Western Union and MoneyGram locations in Myanmar are listed below. Just make sure that your recipient takes along photo ID and also a transaction reference number when they go to pick up the funds. Making a quick phone call to confirm an agent’s address and opening hours can also help you save time.

Western Union

Yangon

AYA Bank

320 Thudama Road D Ward North Okkala

North Okkala

Yangon, Yangon

+95-1-691823

Open 9:30am to 3:30pm Monday to Friday

Ayarwaddy Bank

1 Ywama Curve Bayint Naung Road

2nd Quarter Hlaing

Yangon, Yangon

+95-1-531067

Open 9:30am to 3:30pm Monday to Friday

Mandalay

KBZ Bank

1 023 024 To A 78th St Bet 33

Chanaye Tharzan Township

Mandalay, Mandalay

+95-02-69328

Open 9:30am to 3:30pm Monday to Friday

Yoma 62nd St Branch

No. Gagyi 2/20, Cor Of 62nd St

Manawhari St, Chanmyatharsi Ts

Mandalay, Mandalay

+95-02-82210

Open 9:30am to 3:30pm Monday to Friday

MoneyGram

Yangon

AGD Bank

Kamayut Township

519 Pyay Road

Yangon, 11041

1532053

Open 9:30am to 4pm Monday to Friday

AGD Bank

590 Strand Rd Lanmadaw Township

Between 7th St and Kaing Tann Street

Yangon, 11131

1218359

Open 9:30am to 4pm Monday to Friday

Mandalay

AGD Bank

Between 27th and 28th St

57a 82nd St

Mandalay,

264990

Open 9:30am to 4pm Monday to Friday

Myanmar Citizens Bank

Corner of 27th and 81st St

Chanayetharzen Township

Mandalay,

235942

Open 9:30am to 3pm Monday to Friday

Back to top

Tips for picking up cash in Myanmar

  • Don’t visit a transfer agent in an area where you do not 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 – deposit the funds in your bank account
Back to top

How to send money to Myanmar

Before you can send an international money transfer to Myanmar you will need to provide a range of details, including:

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

Once you have handed over your money you will receive a transaction reference number – this can be used to monitor the progress of your funds.

Was this content helpful to you? No  Yes

US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

USForex International Money Transfers

Take advantage of competitive exchange rates and cheap transfer fees.

World First Foreign Exchange

Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

feedback