TYPES OF CORPORATE ACCOUNTS


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 Saving 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.)

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

 

Current Account | Savings Account | Call Account | Top |

 

 

 

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. Account Holders are also issued with a YOMA Bank Call Account Passbook in which all updated  transactions are recorded as proof of deposits and/or withdrawals.


  • 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 |

Services

Corporate Accounts

Fixed Deposit A/C

Auto Pay

Yoma Card

Trade Guarantee

Interest Rates

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