According to the State Committee for Overseas Vietnamese, as of February 2024, there are nearly 6 million Vietnamese people living, working and studying abroad. A survey from VPBank shows that the total annual demand for international money transfers is up to 30 billion USD. At VPBank alone, in 2024, the number of international money transfer transactions will also increase by 450% compared to 2023.
Understanding the large demand for international money transfers in Vietnam, grasping trends and taking advantage of existing strengths, VPBank has implemented the program " trial-angled zero-dong money transfer globally, VPBank is the top choice". Accordingly, this bank will exempt 100% of international money transfer fees for all transactions for the purpose of international money transfer from studying abroad, medical examination/treatment, settlement or work...
Customers can transfer money to more than 200 countries/ territories with more than 100 types of foreign currencies such as: USD, CAD, AUD, SGD, GBP, EUR, JPY, CHF, NZD... VPBank allows customers to transfer international currency to the maximum limit as notified by training facilities, hospitals... and does not limit the number of transfers. In particular, customers will be consulted by a banking professional for free of charge for any questions as well as no foreign currency conversion fee will be collected. Competitive and clearly listed prices will also help customers feel secure when using the service.
The money transfer documents are standardized according to each transaction purpose, making the operation simple and quick. Within just 2 working hours from the time VPBank receives all valid documents, the customer's money transfer request will be completed.
It is known that the current international money transfer service fee is being collected by many banks at about 0.12% - 0.2% of the transfer amount. This cost for customers who often have to transfer money internationally for study abroad, medical examination and treatment, family allowances... abroad is not small. Therefore, this program is expected to help customers save tens of millions of VND in fees, helping to reduce the financial burden on customers.
The program is applied from now until September 9, 2025. Customers can transfer money internationally at nearly 300 VPBank transaction counters nationwide or transact online on the VPBank NEO application with just a few simple steps. After choosing the right transfer purpose according to your needs, fill in all information about the beneficiary, the beneficiary bank, the amount of money, etc., customers only need to check and confirm the transaction to complete.
Ms. Ngoc Mai (Ba Dinh, Hanoi) is a customer who regularly uses international money transfer services at VPBank to transfer tuition fees to her children in Australia, said: "I am very assured when using money transfer services at VPBank. All information and questions are answered and advised by VPBank staff. I can monitor my money situation at any time, the transfer limit is high and especially no fees, the processing time is quick".
