Current Account
Current Account (Local Currency)
Current Account (Local) is suitable for individual businessmen, merchants and Foreigners working locally.
Eaxi Account (Formerly Current Account – Individual)
Eaxi Account is the new name for the Current Account – Individual (Ordinary and Cash) now unveiled with new and exciting benefits.
Opening an account
You can open an individual account or co-account with more than a person
Account Facility
MPU Debit Card will be issued that can be linked to the Eaxi Account to withdraw or transfer money through the ATM. A cheque book can be requested if required.
All your banking in one place
Bank to bank service for collecting invoice and clearing accounts
Statements
All account holders receive official statements
Only designated account holders are allowed to sign the cheque
Transfers
You will be able to transfer or withdraw funds at all KBZ branches
Online banking
Get access to all of KBZ latest online banking services
Interest
This account is not eligible for interest
Withdrawal and deposit
No limit to the numbers of withdrawals or deposits you can make during bank opening hours
Initial Deposit
– 1,000 MMK (individual account)
– 10,000 MMK (joint/corporate account)
Minimum Balance
– 1,000 MMK (individual account)
– 10,000 MMK (joint/corporate account)
Account Maintenance Fees
500 MMK (per month)*
*For Eaxi Accounts inactive for 6 months or more
Why choose this Account?
Convenient
You can withdraw money or transfer funds at any KBZ branches or at ATMs nationwide
Cheque book
Never need to carry cash thanks to the convenience of having a KBZ cheque book
Easy tranfers
Fast and easy money transfers
Online banking
Get access to all of KBZ latest online banking services
Free MPU Debit Card
You can apply for MPU Debit Card free of charge. Our MPU Debit Card offers convenience and security for your everyday transactions.
Required Documents
- NRC ID Card ( Original )
- Passport ( Original )
Apply for Cheque Books via KBZ m/iBanking
Easily apply for cheque books via KBZ Bank’s mobile and internet banking 24/7 at the comfort of your home.
After the application, the cheque books can be obtained by:
- Pickup at home branch of the account or doorstep delivery by courier for customers within Yangon Region
- Pickup at home branch of the account for customers residing outside Yangon Region
Processing Times
For branch pickup, your cheque book will be available for collection at your home branch on the next business day following your request. For requests made outside banking hours, it will be ready by the second business day.
For courier delivery, the cheque book will be delivered via courier within two business days of the request date.
Fees and Charges
MICR Cheque Fees – 100 MMK per leaf
Non MICR Cheque Fees – 50 MMK per leaf
Stamp Duty Fees – 5 MMK per leaf
Delivery Fees by Townships (if applicable)
*All applicable fees, including cheque book issuance and delivery charges, will be automatically debited from your account.
Activating the Cheque Book
After acquiring your cheque book, it must be activated via KBZ m/iBanking by entering the number of the first cheque leaf in the activation field.