Kanbawza Bank SWIFT Code Simplifies International Transfers

This article provides a detailed analysis of Kanbawza Bank (KBZ Bank) of Myanmar's SWIFT/BIC code, KBZBMMMYXXX, and offers a practical guide to international money transfers. It covers the structure of SWIFT codes, their use cases, error prevention, and the information required to receive overseas remittances. The aim is to help users conduct cross-border payments safely and efficiently by understanding how the SWIFT system works within the context of a specific Myanmar bank and international transactions.

As global trade and financial transactions continue to expand, accurate banking identification codes (SWIFT/BIC) have become crucial for cross-border payments. For those making international transfers to Myanmar's Kanbawza Bank, understanding the correct SWIFT code is essential to ensure funds reach recipients safely and efficiently.

Kanbawza Bank's Primary SWIFT/BIC Code

  
   KBZBMMMYXXX
  
  serves as Kanbawza Bank's primary SWIFT/BIC code. This unique identifier ensures international transfers are properly routed to the bank within the global financial system.

While KBZBMMMYXXX is the main code, it's important to note that Kanbawza Bank may use different codes for specific services or branches. Before initiating any transfer, always verify the correct SWIFT/BIC code with the recipient or through official bank channels.

Decoding the SWIFT/BIC Structure

SWIFT codes consist of 8 or 11 characters, each conveying specific information:

KBZB: Bank code identifying Kanbawza Bank
MM: Country code for Myanmar
MY: Location code for Yangon
XXX: Branch identifier (typically XXX for primary offices)

Key Bank Details

Bank Name: KANBAWZA BANK LTD
SWIFT Code: KBZBMMMYXXX
Address: 615/1 Pyay Road, Kamayut Township
City: Yangon
Country: Myanmar (Burma)

When to Use KBZBMMMYXXX

The primary SWIFT code is appropriate for:

International transfers to Kanbawza Bank accounts in Myanmar
Situations where the recipient hasn't provided a specific branch code
Transactions processed through the bank's central office
Default use when the exact code is uncertain

Avoiding Common Transfer Errors

To prevent delays or failed transactions, carefully verify:

The complete SWIFT code matches the recipient's bank
The account number is entered without errors
The recipient's name exactly matches bank records

Even minor discrepancies can cause significant delays. If incorrect information is submitted, immediately contact your bank to attempt corrections.

Receiving International Payments

To receive overseas transfers into a Kanbawza Bank account, provide senders with:

The correct SWIFT/BIC code (KBZBMMMYXXX or specific branch code)
Your complete bank account number
Bank name: KANBAWZA BANK LTD
Your name and address as registered with the bank

Accurate information is critical for successful transactions. Always confirm all details with your bank before sharing them with senders.