KBZ K Pay confirms that inward remittances of foreign salary at Ks.3000 for a dollar

KBZ K Pay confirms that inward remittances of foreign salary at Ks.3000 for a dollar
Published 16 September 2022

Hana Bank Myanmar released a statement on their social media page on September 15 that Myanmar migrant workers can carry out inward remittances of foreign salary at Ks.3000 per U.S dollar from Hana Bank to KBZ Bank.

There is no further asking of paper works and no need to take ticket ahead. The amount of money that can be withdrawn is unlimited as well. For any inconveniences, the customers can directly contact the representatives from KBZ, according to the Hana Bank Myanmar statement.

For the salary remittance through the Hana EZ app, the customers must select "Salary" in the purpose box when they register the recipient account. This way, the detailed banking information will mention Salary or code no “5200”. When those people who have filled in the information like that make international remittance, 1 US dollar will be exchanged at Ks.3000, Hana Bank Myanmar confirmed again on September 15.

If they select other options except for Salary, they will not receive the said exchange rate. They can re-register the recipient account and enjoy the aforementioned rate for sure according to Hana Bank Myanmar statement.