Cathay United Bank (CUB), a wholly-owned subsidiary of Cathay Financial Holdings Company – the largest financial holding company in Taipei, Taiwan, is a shareholder of IVB. This is an advantage of IVB in transferring / receiving money rapidly within system of CUB rapidly with competitive and reasonable expense.

1. INWARD REMITTANCE FROM CATHAY UNITED BANK

Benefits

• Competitive tariff
• Fee saving: no intermediary charge
• Rapid transfer in 2 hours

• IVB immediately informs customer upon crediting fund to customer’s account through SMS services (if registered).
• Funds can be received in USD or VND at the best exchange rate

Conditions

• Corporation wishes to receive money from the remitter’s account within CUB network
• As for funds transferred for purposes of capital contribution or overseas medium, long term borrowing, beneficiary is required to present the relevant licenses/certificates in accordance with regulations on foreign exchange control of State Bank of Vietnam

Documents required

• Foreign exchange contract (if any)

• Fees: As per IVB’s current preferential fee schedule for IVB-CUB Express Remittance, including

• Inward remittance fee

2. OUTWARD REMITTANCE TO CATHAY UNITED BANK

Benefits

• Competitive tariff
• Fee saving: no intermediary charge
• Rapid transfer in 2 hours
• Attractive exchange rate
• Free consultancy
• Simple and quick procedures
• Remitter can have a copy of payment order (SWIFT message) in the soonest if required.

Conditions

• Corporation wishes to transfer money to the beneficiary’s account with CUB.

• Customer has to submit supporting documents evidencing the purpose of transfer in accordance with regulations on foreign exchange control of State Bank of Vietnam and of IVB. Kindly contact the nearest IVB’s branch for details

Documents required

• Fill the IVB’s Transfer Application form and provide the exact beneficiary’s information, including name and account number, beneficiary bank name, address and SWIFT code.
• Documents required:
  1. Transfer Application form
  2. Foreign exchange contract (if any)
  3. Relevant supporting documents evidencing the purpose of transfer
  4. Other related documents (if required)

Fees: As per IVB’s current preferential fee schedule for IVB-CUB Express Remittance, including

• Outward remittance fee
• Cable charge
• Other arising fee (if any)