Yoma Bank Account Types

Yoma Bank offers a variety of account types designed to meet the diverse needs of personal and business banking customers in Myanmar. The main account types include:

• Flexi Savings Account:
• Features: Flexible access to funds, competitive interest rates.
• Requirements: Minimum initial deposit of 10,000 MMK, minimum balance of 1,000 MMK, must be at least 18 years old, and provide original NRC ID card or passport.
• Flexi Call Account:
• Features: Daily interest calculation, unlimited withdrawals, monthly interest payouts.
• Requirements: Minimum initial deposit of 10,000 MMK, minimum balance of 1,000 MMK, must be at least 18 years old, and provide original NRC ID.
• Business Current Account:
• Features: Unlimited withdrawals and deposits, monthly statements, eligibility for loans.
• Requirements: Various documentation including company registration and NRC or passport of board members.
• Foreign Currency Account:
• Features: Hold and transact in major foreign currencies (USD, EUR, SGD).
• Requirements: Similar to business current account, with additional documentation for international transactions.
• Fixed Deposit Account:
• Features: Guaranteed returns on investment for a fixed period.
• Requirements: Minimum deposit varies, typically requires a higher initial deposit.

Yoma Bank Broker Account Opening Process

Opening an account with Yoma Bank is a straightforward process designed for customer convenience. The steps include:

• Eligibility:
• Individuals must meet the bank's eligibility criteria, including age and residency requirements.
• Documentation:
• Necessary documents include:
• Proof of identity (passport, national ID)
• Proof of address
• For business accounts, additional documents such as business registration and company incorporation papers.
• Application:
• Customers can apply by visiting a Yoma Bank branch or through the bank's online platform, where available.
• Verification and Approval:
• The bank verifies the provided documents and information. Upon successful verification, the account is approved and activated.
• Initial Deposit:
• Depending on the account type, an initial deposit is required to activate the account.

For more detailed information, potential customers can visit the Yoma Bank website or contact their customer service.