How to transfer money from the US to Vietnam, which service should I use? - Insurance Finances

How to transfer money from the US to Vietnam information is always of interest to many people. Due to the increasing demand for money transfer. So to meet this need, a series of money transfer channels were born. Each person must update themselves with knowledge and reputable money transfer channels. Otherwise, it is very easy to be scammed to appropriate property. The following article may be useful to those who are in need send money from US to Vietnam. Let's follow along.

Find out how to transfer money from the US to Vietnam legally

Nowadays there are many How to transfer money from the US to Vietnam. We can send money through banks or international money transfer services. Below Bankcuatoi.com will introduce to you the safest and least expensive ways to transfer money. Specifically, you can refer to the ways to transfer money below.

Transfer money from US to Vietnam via Western Union service

Western Union is a financial company that provides fast international money transfers. Currently, branches of this company are present in both the US and Vietnam. So you can completely choose this company's money transfer service, which is both safe and fast.

Advantages when transferring money via Western Union

• Western Union is a company providing fast money transfer services, operating legally in accordance with the laws of each country. Can guarantee the safety of the customer's money transferred. Provide receipts, clear documents to prove the money transfer.


• Simple and quick procedure. Just fill out the form completely. The recipient can receive the money after the transaction is updated on the system. All it takes is about 30 minutes.


• Receive money at Western Union transaction points in Vietnam. Or big banks that are associated with this service company.


• The cost is charged only once and is paid by the sender.

Cons of money transfer via Western Union

• Money transfer procedures must be done directly at Western Union's transaction counters. Must go to the counter on working days, during office hours.


• If you want to transfer money online via Western Union, you must have a bank account that can do international transactions.


• Read the local language so that you can understand the information in the money order and what the staff is saying.


• The fee for transferring money from the US to Vietnam via Western Union is higher than that of transferring money through a bank. Remittance fee equal to 3% of the amount to be transferred.

In addition to Western Union, in the US, there are many fast money transfer service companies operating under a similar model. For example: Money Gram, Paypal, Ria, UniTeller... Although the coverage is not equal to Western Union, these are all reputable companies that can help you transfer money from the US to Vietnam safely.

Send money from US to Vietnam via bank

Currently, the banking network between countries is linked with each other. So you can go to banks in the US to transfer money to Vietnam. Remember to bring your ID or passport when you go.

The staff will give you 1 international money transfer slip. Please fill out all the information in the request form. There will be a form for you to fill out, but if you do not understand any information, please ask the staff directly for answers. After filling out the form, sign and return it. Then pay the amount to be transferred and the transfer fee. Receive a receipt confirming the transfer from the bank.

Advantages of transferring money via bank

• Remitters and receivers do not need to have a bank account to still be able to transact.


• The transfer fee is quite low. You can choose from one of many different payment methods. For example: Remitter pays fee only once, receiver pays fee only once, Remitter and receiver each pay half of the fee.


• Absolutely safe, protected by the state.

Disadvantages of transferring money via bank

The only downside when transferring money through a bank is that it takes a long time to transfer money. If transferring money via Western Union only takes 30 minutes, the recipient in Vietnam has received the money. Then it takes 5 to 7 days for the money to return to Vietnam by bank transfer.

Send money via international Visa card

If you have a Visa card and the recipient in Vietnam also has an international Visa card. Customers can proceed to deposit money directly to Visa card without having to go to the bank to write a check anymore. This is the method that many people still use when they want to deposit a small amount of money. But if you want to send large amounts of money, you should use the deposit service at a bank.

Notes when transferring money from the US to Vietnam

To money transfer from US to Vietnam Quickly, you need to have the following information ready:

• Information about recipients in Vietnam: Full name, date of birth, permanent address, email, phone number, bank account number (if any), ID number...


• Name of beneficiary bank, beneficiary bank branch and detailed address of beneficiary bank branch.

Prepare in advance the amount to be transferred and the transfer fee. When you go to the counter for money transfer procedures, you need to present your identification document for verification. Documents can be ID card/citizen identity card/Passport.

Refer to the fee for transferring money from the US to Vietnam via some other services

When sending money, we certainly will not forget about the cost of sending money. This is an additional fee that the customer has to bear when sending money.

• Bank deposit: Each bank will apply a different fee schedule


• Western Union money transfer: 3% of the amount transferred.


• Money Gram Transfer: 4% of the amount transferred.


• Transfer money via UniTeller: about 2.99 USD


• Money transfer via PayPal: 4.99 USD + 2.9% of the amount transferred.


• Remittance via Ria: 3% of the amount transferred.

What is the limit for transferring money from the US to Vietnam?

The limit for transferring money from abroad to Vietnam must comply with the provisions of Vietnamese law.

• For money transfer via Western Union: One year you will be transferred from 7,000 USD to 10,000 USD to Vietnam. In addition, if your inheritance is more than $50,000, you can send an additional 20% of the inheritance.


• For bank transfer: Depending on the bank you choose and the regulations of the state where the bank you choose to transfer money from, the limit for transferring money from the US to Vietnam is also different. Please go directly to the transaction counter for the most specific advice.

Epilogue

Above is Instructions on how to transfer money from the US to Vietnam that you can refer to. If you don't understand something, please post your question below so I can help you. Hope you will successfully transfer money without any problems.

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