Launching international money transfer feature on digital bank MyVIB 2.0

Demand for international money transfers is on the rise

In recent years, the demand for money transfer and international payment has increased due to the increasing popularity of Vietnamese people going abroad to study, get medical treatment, shop and do business with foreign partners. Some of the most common ways of transferring money abroad for Vietnamese people are: transferring money through money transfer service companies, through international payment gateways, via Visa cards or through bank accounts. All forms of money transfer have different advantages and disadvantages, but the common point is that the recipient needs to wait a certain time to withdraw the money.

Understanding the needs of customers, International Bank (VIB) has just launched the online international money transfer feature on MyVIB 2.0 application. Accordingly, with just a smartphone and a few quick actions on the digital banking application, account holders can easily transfer money internationally at home without having to go to the counters or queue up. waiting line.

Various purposes of international money transfer

MyVIB 2.0 provides an international money transfer feature with a variety of purposes for transferring money from tuition fees abroad, living expenses studying abroad, hospital fees and living expenses for medical examination and treatment, remittance for settlement, transferring legal income. law of foreigners, payment for goods and services, payment of advertising costs via the internet, etc. For each money transfer purpose, MyVIB 2.0 provides specific information about the accompanying documents for the account holder to actively prepare before conducting the transaction. Towards the convenience of customers, the document sets are specified by the bank in a minimalist and streamlined manner, both helping users save time in preparing documents and ensuring compliance with regulations of the State Bank of Vietnam. water.

High remittance limit, exchange rate transparency

Customers can transfer money abroad for lawful purposes and without limitation of remittance amount if there are enough invoices and documents (e.g. tuition notice, hospital fee/hospital bill notice, goods service charges…). For remittances without invoices and documents (transfer of living expenses for studying abroad, living expenses for medical treatment or allowances for relatives abroad, etc.), the remittance limit in one year must not exceed income. per capita at current prices of the country in which the recipient lives.

VIB provides international money transfer service via MyVIB 2.0 application to over 200 countries with 11 foreign currencies. The foreign currency conversion rate is displayed right on the application and the transfer fee is competitive compared to the market to help customers feel secure when transacting.

Simple operation, update anytime, anywhere

To make an international money transfer via MyVIB 2.0, the account holder only needs to log in to the application, select the “International money transfer” feature, enter the recipient’s information, select the beneficiary country and bank. The account holder then downloads the prepared set of documents in accordance with the money transfer needs and proceeds to confirm the transaction. VIB will process the account holder’s money transfer request within a maximum of 24 working hours. After the transaction is successfully established, customers can easily monitor the status of the transaction processing right on the application with the “Manage money transfer” feature, the system also sends a confirmation email to the address. customer registration.

With the International Money Transfer feature on MyVIB 2.0 application, customers’ money transfer abroad will become easier, more proactive and convenient than ever, anytime and anywhere. . Download MyVIB 2.0 and experience now to easily make international money transfers anytime, anywhere. For more information, please contact Customer Service Center 24/7 at 1800 8180 (toll free), or send an email to cskh247@vib.com.vn for support.