KBZ bank changes minimum charge for money transferring

KBZ bank changes minimum charge for money transferring

Effective from 1st July 2018, iBanking transaction fee will be charged as follow:

Transaction per day IBanking Transaction fee
Up to 200 million MMK (Corporate) 0.0125% of transfer amount
Above 200 million MMK(Corporate) 0.025% of transfer amount
Maximum 30 million MMK (Retail) 0.025% of transfer amount (min 500 MMK)

The bank informed that there will be a charge for money transfer with the minimum of 500 MMK. The commission rate will stay the same, with only minimum charges increasing.

Source: KBZ Bank

 

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