• Current Account

• Savings Account

• Call Account

CURRENT ACCOUNT  

The YOMA Bank Current Account is available to corporations as well as individuals.  To open a Corporate Current Account, we will need your relevant Company’s registration documents and a valid Board Resolution.

Types of Current Accounts Available:

Individual /Personal Account
Joint Account
Corporate Account

    Features and Benefits

• Minimum opening amount is Ks. 1000 per account.

• There is no need to maintain a minimum balance in the account.

• Current Accounts can also be linked to Savings or Call Deposit Accounts to transfer required funds to cover cheques drawn.

• By linking the Current Account to other accounts, you can also prevent interest loss.

• Account Holders will be provided with a YOMA Bank cheque book containing 25 or 50 cheques.

• Cheques may be used for payment to another party instead of cash.  

• Account Holders can also issue cash cheques to withdraw cash.

• All YOMA Bank order/bearer checks may be cashed at ANY YOMA Bank branches or any other private banks including Government Banks.

Current Account | Savings Account | Call Account | Top |

SAVINGS ACCOUNT

The YOMA Bank Savings Account serves to encourage savings by providing a fixed interest paid on the savings. The account holder will be issued with a Savings Passbook in which all the transactions are recorded as proof of deposits or withdrawals

Types of Savings Accounts:

• Individual Savings Account

• Joint Savings Account

• Junior Savings Account

• Corporate Savings Account
  

Features and Benefits

• Minimum opening amount is Ks. 1000.

• Account Holders are required to maintain a minimum balance of Ks.100 in their  accounts at all times.

• Subsequent minimum deposit amount accepted is Ks. 50 for any one transaction.

• Savings Account may also be linked to Current Accounts to transfer the required funds to cover cheques drawn.

• Account holders will be issued with a YOMA Savings Passbook.

• Withdrawals can be done at ANY Yoma Bank branches.

• Interest rates are announced by the Central Bank of Myanmar. (For the latest rates, please see our Interest Rate Table.)

• Interest is calculated monthly and credited to the accounts bi-annually on every 31^st March and 30^th September.

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CALL ACCOUNT

The YOMA Call Account is similar to the Savings Account except that interest is computed on a daily basis and credited to the account at the end of every month. The account holder is also issued with a YOMA Bank Call Account Passbook in which all updated  transactions are recorded as proof of deposits and/or withdrawals.

Types of Call Accounts:

• Individual/Personal

• Joint

• Junior 

• Corporate

Features and Benefits

• Minimum opening amount is Ks. 1000 or multiples of a thousand.

• Account Holders are required to maintain a minimum balance of    Ks. 1000 in their account at all times.

• Subsequent minimum deposit amount can be any amount.

• Call Account can also be linked to your Current Account to transfer the required funds to cover your check drawn.

• Account holder will be issued with a Call Account Passbook.  

• Withdrawals can be done at ANY Yoma Bank branches.  

• Interest is calculated using daily rest method and credited to the account at the end of every month.

Current Account | Savings Account | Call Account | Top |