{"id":5833,"date":"2023-06-23T15:13:37","date_gmt":"2023-06-23T09:43:37","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=5833"},"modified":"2023-07-02T18:06:34","modified_gmt":"2023-07-02T12:36:34","slug":"aya-bank-international-transfer","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/money-transfer\/aya-bank-international-transfer\/","title":{"rendered":"Aya Bank International Transfer"},"content":{"rendered":"\n

A bank in Myanmar, AYA Bank goes by the native name of Ayeyarwady Bank. It was founded in 2010 by U Zaw Zaw. It\u2019s been recently reincorporated as a public company. AYA Bank like several other banks helps in the transfer of money across borders<\/strong><\/a> through its World Remit service. This works as an advantage for people who have their family back home or students who are studying abroad. Taking AYA Bank international transfer into consideration, this blog has expanded on its World Remit details. Continue reading for a better understanding. <\/p>\n\n\n\n

Why Choose AYA Bank International Transfer? <\/span><\/h2>\n\n\n\n

AYA world remit is offered by AYA Bank wherein one can easily and affordably send money overseas to their friends and relatives. But what are some of the features that can motivate customers to choose AYA Bank international transfer service? We have shared some of them below.<\/p>\n\n\n\n

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  1. The transfers are fast and secure. The customer can transfer money to the recipient on the same day, which is upon a cutoff time. <\/li>\n\n\n\n
  2. The transfers are easy to make and accessible. This means that the service of making AYA Bank international transfers is easily available to customers via mBanking\/iBanking anywhere and anytime in the world.<\/li>\n\n\n\n
  3. The bank provides a preferred and competitive exchange rate from USD\/EURO\/SGD to MMK. <\/li>\n<\/ol>\n\n\n\n

    AYA World Remit: Western Union Outbound and Inbound <\/span><\/h2>\n\n\n\n

    A remittance network, the western union provides the provision of transfer money abroad to over 200 countries. People can transfer money back home from AYA bank. <\/p>\n\n\n\n

    Sending and Receiving Money <\/span><\/h3>\n\n\n\n

    How can one send and receive money under Western Union Outbound and Western Union Inbound? Tabulated below is the information you require. <\/p>\n\n\n\n

    Sending and Receiving Money <\/td>Western Union Outbound<\/strong><\/td>Western Union Inbound<\/strong><\/td><\/tr>
    How to send money?<\/strong><\/td>Visit the selected AYA Bank branches.Enquire about the same and fill out the form. The supporting documents should be attached.<\/td>The availability of sending money is at any Western Union agent. The main step is to fill out the form with all the necessary documents.<\/td><\/tr>
    How to receive money?<\/strong><\/td>The availability of receiving money is at any Western Union agent.
    The following details must be provided:
    Beneficiary\u2019s NRCTransfer Amount & 10 digits MTCN codeSending CountrySender\u2019s Name<\/td>    		The availability of receiving money is at any AYA branch.
    The following details must be provided:
    Beneficiary\u2019s NRCTransfer Amount & 10 digits MTCN codeSending CountrySender\u2019s Name<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Also Read: <\/strong>Al Rajhi International Transfer: Benefits, Transfer Fee, Exchange Rates<\/strong><\/a><\/p>\n\n\n\n

    Eligibility <\/span><\/h3>\n\n\n\n

    The eligibility of the transaction proposed is mentioned below.
    <\/p>\n\n\n\n

    Western Union Outbound<\/strong><\/td>Maximum USD 3,000 (INR 2.5 lakh)\/transactionMaximum USD 10,000 (INR 8 lakh)\/year <\/td><\/tr>
    Western Union Inbound<\/strong><\/td>It depends on the preference of the sending company. <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Fees and Charge <\/span><\/h3>\n\n\n\n

    Now what are the charges involved in the transaction? Read the tabulated information below.
    <\/p>\n\n\n\n

    Western Union Outbound<\/strong><\/td>USD 25 (INR 2000) or MMK 32,000\/ (INR 1.2K) transaction<\/td><\/tr>
    Western Union Inbound<\/strong><\/td>There will be no charges that are to be collected from the beneficiary. <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Also Read:<\/strong> How Does International Money Transfer Work: A Comprehensive Guide<\/strong><\/a><\/p>\n\n\n\n

    DBS to AYA Remit<\/span><\/h2>\n\n\n\n

    Through AYA bank, money can be transferred from DBS Singapore to bank customers in Myanmar. This means that the sender is someone who holds a bank account with DBS Bank, and the receiver must hold a bank account with AYA Bank or a local bank in Myanmar. <\/p>\n\n\n\n

    The steps under DBS to AYA remit are as follows.<\/p>\n\n\n\n

    Step 1: Open DBS Bank Account<\/span><\/h3>\n\n\n\n

    First, the sender must start by opening a DBS bank account. They should also have DBS i\/mBanking so that they can use the service. <\/p>\n\n\n\n

    Step 2: Providing Information <\/span><\/h3>\n\n\n\n

    Next, the information shared below is required to make money transfers to AYA bank account holders. <\/p>\n\n\n\n