Expat banking in Myanmar

Myanmar is an emerging market that is rapidly opening up to foreigners. Myanmar banks are also trying to move from an unbanked society to starting to offer products and services for foreigners.

Most banks offer USD and Myanmar Kyat accounts, and some are offering other convertible currecies such as the Singaporean Dollars and Euros.

Deposits are not insured andf foreigners are not allowed to earn interest.

Credit cards are not permitted for foreigners, although permanent residents may obtain one, most banks offer pre-paid multi-currency cards.

Source: Expat banking: Everything you wanted to know, and more | Frontier Myanmar