International money transfer

This service allows customers to conduct international inward and outward remittance through banking system in a fast, safe and convenient manner.

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Services & Procedures

Fast service; simple and secure procedures

Extensive network

Over 1,000 transaction offices nationwide and a large network of correspondent banks and money transmitters all over the world

Charges & Rates

Competitive service charges and attractive exchange rates

1. How to send money:
- Present valid identification documents and outward remittance documents.
- Complete BIDV's Outward Remittance form with following information: (i) Receiving bank: name, address, swiftcode (if any); (ii) Beneficiary: Account number, account holder, address; (iii) Transfer purpose.
2. How to receive money:
- Sender should provide Sending bank with following information:
(i) Receiving bank: Joint Stock Commercial Bank for Investment and Development of Vietnam, swift code: BIDVVNVX (ii) Beneficiary: account number or ID number, beneficiary's name and address, phone number (if any).
- Receiver should present valid identification documents (in case of money receipt by identification document) or BIDV automatically credits to the beneficiary's bank account at BIDV.
- SMS notification (in case customers use BIDV SMS Banking) will be sent to customer's mobile number when the transferred money is credited to customer's account.

MAIN INFORMATION

Product features:
- Money can be transferred via or received at BIDV with or without customer's bank account.
- Various currencies transferred/received.
- Combined with "Study abroad with BIDV" package, the International Money Transfer service provides an all-in solution from document preparation, studying overseas until program completion and students coming back to Vietnam.
- Multiple channels of inward remittance:

Inward remittance from Korea via KEB Hanabank

This service will allow customers to send money from Korea to Vietnam via KEB Hana Bank easily, fast, conveniently and securely.

Requirements:

Vietnamese, Foreigners living abroad for over 12 months can receive money in foreign currency/VND in accordance with Vietnam's foreign exchange regulations.

Procedures:

- For customers who receive cash, please present:

+ Valid identification document

+ Letter of Authorization (in case the customer is authorized to BIDV to receive money).

- For customers who having bank accounts, BIDV automatically credits to beneficiaries' bank account.

Inward remittance from Taiwan via Metrobank

This service will allow customers to send money from Taiwan to Vietnam via Metrobank easily, fast, conveniently and securely.

Requirements:

Vietnamese, Foreigners living abroad for over 12 months can receive money in foreign currency/VND in accordance with Vietnam's foreign exchange regulations.

Procedures:

- For customers who receive cash, please present:

+ Valid identification document

+ Letter of Authorization (in case the customer is authorized to BIDV to receive money).

- For customers who having bank accounts, BIDV automatically credits to beneficiaries' bank account.

Inward remittance from Malaysia via Vid Public Bank

This service will allow customers to send money from Malaysia to Vietnam via Vid Public Bank easily, fast, conveniently and securely.

Requirements:

Vietnamese, Foreigners living abroad for over 12 months can receive money in foreign currency/VND in accordance with Vietnam's foreign exchange regulations.

Procedures:

- For customers who receive cash, please present:

+ Valid identification document

+ Letter of Authorization (in case the customer is authorized to BIDV to receive money).

- For customers who having bank accounts, BIDV automatically credits to beneficiaries' bank account

Inward remittance from Cambodia via Bank Investment and Development of Cambodia (BIDC)

Customers who want to send money from Cambodia to Vietnam can choose the money transfer service of BIDV - BIDC which is very simple, fast and convenient.

Requirements:

Vietnamese, Foreigners living abroad for over 12 months can receive money in foreign currency/VND in accordance with Vietnam's foreign exchange regulations.

Procedures:

- For customers who receive cash, please present:

+ Valid identification document

+ Letter of Authorization (in case the customer is authorized to BIDV to receive money).

- For customers who having bank accounts, BIDV automatically credits to beneficiaries' bank account.

Inward remittance from Taiwan via Cathay United Bank (CUB)

Customers who want to send money from Taiwan to Vietnam can choose the money transfer service of BIDV - CUB which is very simple, fast and convenient.

Requirements:

Vietnamese, Foreigners living abroad for over 12 months can receive money in foreign currency/VND in accordance with Vietnam's foreign exchange regulations.

Procedures:

- For customers who receive cash, please present:

+ Valid identification document

+ Letter of Authorization (in case the customer is authorized to BIDV to receive money).

- For customers who having bank accounts, BIDV automatically credits to beneficiaries' bank account.

Swift international remittance service

REQUIRED DOCUMENTS

* For customers transferring money:
+ Valid ID Cards or Passports;
+ Proof of transfer purposes;
+ Other documents as specified by the State Bank of Vietnam and BIDV.
* For recipients: Valid ID card/Citizen identity card/Vietnamese military ID card/Passport

Fast and convenient service

Fast and convenient service that allows sending and receiving money in just several minutes

Transfer fee

Transfer fee is incurred to the sender only; no additional fee is required for receiver

Extensive network

An extensive network of 2,000 BIDV's transaction offices and agents nationwide

1. How to send money:
To send money via WU, please take the following steps:
- Complete “To send money” form as attached and providing supporting documents in accordance with BIDV’s regulations.
- Deposit cash/debit sender's account at BIDV/conduct foreign exchange transactions with BIDV;
- Keep the receipt containing 10-digit Money Transfer Control Number (MTCN);
- Inform the receiver transfer amount and MTCN. Note: The MTCN should be kept strictly confidential and informed to the receiver only.
- Sending currency: USD
2. How to receive money:
To receive money via WU, please take the following steps:
- Receive information on MTCN, transfer amount and currency from sender.
- Present ID card/Passport at the bank.
- Receiving currencies: VND, USD
- Complete "To receive money” form as attached (Accurate MTCN should be provided).

REQUIRED DOCUMENTS

* For customers transferring money:
- For Vietnamese individuals:
+ Valid ID Cards or Passports;
+ Proof of transfer purposes;
+ Other documents as specified by the State Bank of Vietnam and BIDV.
* For recipient: Valid ID card/Citizen identity card/Vietnamese military ID card/Passport

Transaction network

This service is currently delivered at 89 transaction points of 13 BIDV branches

Service

Fast and convenient (Money will be available within minutes)

Service fee

Service fee is paid once by the sender without any additional fee applied to the receiver

MAIN INFORMATION

Product features:
- Bank current account is not required. Receiver can pick up money by showing ID document and money transfer control number at BIDV’s transaction offices nationwide.
- Currency received: USD
This service is currently delivered at 89 transaction points of 13 BIDV branches nationwide (Please click here for detailed list), expected to be offered at all BIDV’s branches and transaction offices by 2020.
Conditions:
Receivers follow the below steps to receive money via KoronaPay:
- Show the Money transfer control number (including 11 digits), the amount and type of currency sent by the sender.
- Present a valid ID card/Passport.
- Fill in the "Money Pick-up" form (Money Transfer Control Number must be provided correctly).