INWARD REMITTANCE

Features

• A service that helps customers receive money from overseas to Vietnam safely and quickly. Proud of the worldwide correspondent banking network and modern technology (SWIFT), IVB commits to provide customers the good inward remittance service with reasonable and competitive cost.
• Funds can be received at any IVB branch / transaction office
• IVB immediately informs beneficiary by phone upon receiving fund in case of receipt against customer’s identity paper, or through SMS service (if registered) upon crediting fund to beneficiary’s account.
• Funds can be received either in USD or VND at the best exchange rate.

Conditions

For beneficiary

• In order to save cost and time, customer is suggested to open an account with IVB. Customer can contact any IVB branch / transaction for opening a current account.
• Provide the remitter with the exact and full information of beneficiary by filling in the form of International Payment Instruction, including beneficiary’s name and account number held with IVB, IVB SWIFT code IABBVNVX.
• In case beneficiary does not maintain account with IVB, please provide the remitter with precise and clear beneficiary’s information including full name, address, ID / Passport number, telephone number. To receive money, please present valid ID card / Passport at IVB counter.
• Upon being informed by remitter about the remittance, beneficiary please contact with International Banking Dept./ Section of IVB for assistance at the soonest.

For remitter

• Provide the remitting bank or remittance company with precise and clear information of beneficiary, such as full name, account number, ID / Passport number, address, telephone number (if any), IVB SWIFT code and list of IVB’s correspondent banks (stating on the International Payment Instruction).
• Inform beneficiary about the remittance details

Documents required

• Please present a valid ID card / Passport
• Foreign exchange contract (if any)

Fees: As per IVB’s current charge and fee schedule, including

• Inward remittance fee
• Cash in foreign currencies withdrawal fee (if any)

OUTWARD REMITTANCE VIA SWIFT

Features

• With worldwide correspondent banking network and modern technology (SWIFT), IVB commits to provide customers the overseas remittance service safely and quickly with reasonable and competitive cost.
• No need to maintain account at IVB
• Money transfer can be processed at any IVB branch
• Attractive exchange rate
• Free consultancy
• Simple and quick procedures

Conditions

• Vietnam or foreign individual wishes to transfer money abroad for legitimate purposes such as tuition/expense for overseas study, business travel expense, medical expense or legal income to overseas, etc.
• Customer has to submit the 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

• ID Card or valid Passport and Visa (for customer does not maintain account with IVB)
• Transfer Application form (IVB form)
• Foreign exchange contract (if any)
• Supporting documents evidencing the purpose of transfer in accordance with regulations on foreign exchange control of State Bank of Vietnam and of IVB.
• For transfer in cash of foreign individual, customer has to present documents evidencing the source of cash.

Fees: As per IVB’s current charge and fee schedule, including

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

IVB – CUB EXPRESS REMITTANCE

           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 terms of transferring / receiving money rapidly within system of CUB which saves customers’ cost and time.

1. INWARD REMITTANCE FROM CATHAY UNITED BANK

Benefits

• Competitive tariff
• Fee saving: no intermediary charge
• Rapid transfer in 2 hours
• IVB immediately informs beneficiary by phone upon receiving fund in case of receipt against customer’s identity paper, or through SMS service (if registered) upon crediting fund to beneficiary’s account.
• Funds can be received either in USD or VND at the best exchange rate.
• Funds can be received at any IVB branch / transaction office

Conditions

• For remitter: Vietnamese / Foreigner has account at CUB network wishes to transfer money to relative / himself who has or has not account at IVB.
• For beneficiary: Vietnam or foreign individual

Documents required

• Please present a valid ID card / Passport
• Foreign exchange contract (if any)

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

• Inward remittance fee
• Cash in foreign currencies withdrawal fee (if any)

2. OUTWARD REMITTANCE TO CATHAY UNITED BANK

Benefits

• Competitive tariff
• Fee saving: no intermediary charge
• Rapid transfer in 2 hours
• Remittance can be handled at any IVB branch
• 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

• Vietnam or foreign individual wishes to transfer money abroad to the beneficiary who has account at CUB for legitimate purposes such as tuition / expense for overseas study, business travel expense, medical expense or legal income to overseas, etc.
• 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

• ID Card or valid Passport and Visa (for customer does not maintain account at IVB)
• Transfer Application form (IVB form)
• Foreign exchange contract (if any)
• Supporting documents evidencing the purpose of transfer in accordance with regulations on foreign exchange control of State Bank of Vietnam and of IVB.
• For transfer in cash of foreign individual, customer has to present documents evidencing the source of cash.

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)