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Find the best way to send money to Myanmar

Learn how to send money to Myanmar from Australia in our step-by-step guide.

Looking for a way to send money to family, friends or a business in Myanmar (or even to your own bank account overseas)? According to MoneySmart, you should avoid Australian banks and go with a money transfer specialist to get better MMK exchange rates and lower fees on international transfers.

Based on the providers we've compared, Remitly is among the cheapest, with competitive exchange rates and fees starting from $0. Need a really fast transfer? MoneyGram can get money to your recipient in Myanmar within minutes.

Best ways to send money to Myanmar from Australia

The best way to send money to Myanmar depends on your payment method, how you want your money to be received and how fast you need it to arrive.
  • Online money transfer provider. When buying Australian dollars or kyats money transfer specialists typically offer better rates and cheaper fees than a local bank.
  • Bank transfer. Bank transfers are an easy way to send money to Myanmar but they charge extra for the convenience and are often slower than other methods. AU banks generally add a 3% to 6% markup onto exchange rates.
  • Cash pickup. If you need your money to arrive fast, cash pickup gives your recipient instant access to the money you've sent when they collect it from their agent location in Myanmar.
  • Mobile wallet. Essentially an electronic wallet service, mobile wallets allow users to store, send and receive eligible currencies using their phone, often with fees attached.
  • Home delivery. If your recipient may struggle to get to a cash pickup location, you may be able to opt for door-to-door cash delivery.

Compare the best money transfer companies to send money to Myanmar

1 - 2 of 2
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
Remitly
Within minutes
From $0
Remitly has quick, affordable transfers around the world, with both express and economy options.
MoneyGram
Within minutes
From $1.99
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
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Cheapest way to send money to Myanmar

As reported by the ACCC, bank transfers are typically the cheapest way to get your money to Myanmar. Remitly and MoneyGram have some of the lowest bank transfer fees of the brands we've compared.

Remember, it's more important to look at the overall cost of your transfer to Myanmar and this has a couple of elements:
  • Transfer fees. While still cheaper than your Australian bank, money transfer services charge either a fixed or percentage-based fee for making your transfer.
  • Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market AUD/MMK exchange rate.

Certain providers may give the mid-market rate but add fees on top and others will have low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many kyats your recipient will end up with.

Fastest way to send money to Myanmar

Actual transfer times from Australia to Myanmar can depend on several factors including transfer amount, payment method and currency.

Here are some of the fastest average transfer speeds to Myanmar:
  • Remitly — within minutes
  • MoneyGram — within minutes

Safest way to send money to Myanmar

The safest way to get your money to Myanmar is using a provider registered with Australia's industry regulator, the Australian Transaction Reports and Analysis Centre (AUSTRAC). All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both Australia and Myanmar.

A great way to dive deeper is by reading our reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.

Large money transfers to Myanmar

If you need to make a sizable money transfer to Myanmar, consider using a provider such as to secure a better MMK exchange rate and benefit from its expertise handling larger transactions.

Using a large transfer specialist can have the following advantages:
  • Tax guidance. Large transfers to Myanmar may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on the Australian Taxation Office's latest advice.
  • Foreign exchange tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the MMK exchange rate you want.
  • Account manager. Some money transfer providers assign a personal account manager who can offer advice and help facilitate transfers.
  • Phone service. If you want to talk your transfer through with someone, providers such as Remitly and MoneyGram can provide support over the phone.

How to send money to Myanmar from Australia

To send money to Myanmar, you'll need the necessary documentation, your recipient's details and a way to pay.

  1. Compare your options.
    Use our table to find a money transfer provider that sends funds to Myanmar. One may be better for cash pickups while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
  2. Create an account.
    You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. Provide your recipient's details.
    Enter your recipient's name and contact information. If you're sending straight to their Myanmar bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
  4. Enter your transfer amount.
    Check you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total kyats your recipient gets.
  5. Complete your transfer.
    Send your money transfer to Myanmar. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it too.

How to choose a money transfer company for Myanmar

When selecting a provider to transfer money to Myanmar, here are the main factors to consider:

  • Exchange rates. Banks and transfer services use the mid-market rate to trade with one another. However, not every money transfer provider offers the mid-market rate so compare the MMK you're offered to the mid-market rate to calculate the margin.
  • Transfer fees. Are you being charged a flat fee or a percentage of the transfer amount? A provider offering to transfer your money to Myanmar for a flat or low fee might work out better if you're sending a large amount.
  • Transfer type. Does your recipient have a Myanmar bank account or is cash pickup a better option? Each transfer type will have different fees. For example, instant cash pickups tend to be more expensive than bank transfers.
  • Transfer speed. If you need your transfer to arrive quickly, you can pay for an express delivery. Companies such as MoneyGram offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services offer the best value.
  • Transfer limits. Find out how much you can send with each service. For example, Remitly has a transfer limit of $2,999 while MoneyGram allows transfers up to $13,750.
  • Discounts. Providers may offer you a free transfer simply for signing up. Others may give a discount for transferring more than a specific amount of kyats.

Frequently asked questions

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20 Responses

    Default Gravatar
    MasuNovember 2, 2018

    I want to cash a check made out to me in Myanmar when I visit. It is in US dollars. Is it possible and what is the bank fees?

      AvatarFinder
      JhezelynNovember 8, 2018Finder

      Hello Masu,

      Thank you for your comment.

      Yes, it’s possible to encash a check made out in Myanmar. Please go to the bank and the bank will set out their respective fees when encashing a check.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

    Default Gravatar
    SithuOctober 21, 2017

    According to KBZ bank international remittance information at https://www.kbzbank.com/en/remittance/international-remittance/, Westpac Banking Corporation in Australia is one of their correspondent banks and it allows Account-to-Account transfer of money from Australia to Myanmar via SWIFT.

    Is it correct?

      Default Gravatar
      DanielleOctober 22, 2017

      Hi Sithu,

      Thank you for contacting Finder.

      Yes, you may refer to our review on overseas payments with Westpac international money transfers for more information as well as instructions on how you can proceed.

      I hope this helps.

      Cheers,
      Danielle

      Default Gravatar
      SithuOctober 22, 2017

      Thanks for your reply.
      It doesn’t seem to have Myanmar in their country list.

      Default Gravatar
      DanielleOctober 23, 2017

      Hi Sithu,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      If that’s the case, then I would suggest choosing one of the options above. You may review and compare the offers available above. Once you have selected one, you may proceed by clicking the orange “More Info” button.

      I hope this helps.

      Cheers,
      Danielle

    Default Gravatar
    YoonFebruary 17, 2017

    How can i get a quick loans from,US and Us bank also,didn’t accepted request from myanmar.
    Why?
    I’m in emergency case

      AvatarFinder
      DeeFebruary 17, 2017Finder

      Hi Yoon,

      Thanks for your question.

      I’m sorry to hear about your situation. As much as we would like to help, the loan products on our website are only available to Australian and American residents.
      You may want to check with a local lending institution in your area for your borrowing needs.

      Cheers,
      Anndy

    Default Gravatar
    BahritAugust 17, 2016

    We are an NGO from Shillong, India running a project in Myanmar. We need to transfer fund to our partner in Myanmar for different training programs. What is the correct procedure to transfer fund to Myanmar from Shillong, India from an FCRA Account?

      AvatarFinder
      ClarizzaAugust 18, 2016Finder

      Hi Bahrit,

      Thanks for your question. The process will depend on the money transfer service you choose.

      If you would like to use Western Union, you can go directly to the site from this page by clicking on the green “Go to site” button in the comparison table. Once on their website, click on the ‘Send Money’ tab and follow the instructions under ‘Sending money options’. You generally need to create an account with Western Union to proceed and an option to create an account will be available once you’re on the website.

      Generally, you can send money from you bank account. Once you have followed all the steps for sending money, you will be given a number. The recipient then collects the cash from a Western Union agent, quoting this number.

      Hope this has helped.

      Clarizza

    Default Gravatar
    JosephApril 14, 2016

    How do my friend can send me the money fron US to Kalaymyo through Money Gram?

      AvatarFinder
      ShirleyApril 15, 2016Finder

      Hi Joseph,

      Thanks for your question.

      Unfortunately it seems that MoneyGram doesn’t support international money transfers to Burma anymore. You may want to consider alternative service such as Western Union.

      Your friend can do it a local Western Union branch or online.

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