Transfer money from France to Vietnam can now be done via bank, Western Union service or ATM card. But for first-time customers, there will certainly be many questions. So see the instructions below to better understand the process of sending money from France to Vietnam.
France is a developed country with a large number of Vietnamese people living, working and studying. In recent years, the demand for money transfer from France to Vietnam has increased. People pay great attention to ways of transferring money, time and money transfer fee from France to Vietnam. The following article Bankcuatoi.com will provide detailed information related to this issue. Follow to update more useful knowledge.
Legal ways to transfer money from France to Vietnam
These How to quickly transfer money from France to Vietnam below are commonly used. With these deposit methods, you are always assured of quality and safety. But besides that, we also need to understand the regulations on transferring and receiving money in Vietnam.
Option 1: Transfer money from France to Vietnam via bank
Bank transfer is a popular choice for many people. Because in any locality in France and Vietnam, there are many banks operating. It saves travel costs. Moreover, transferring money through banks is safe and has low fees.
You just need to bring your ID/Passport + Amount to be transferred and the fee to the nearest bank counter in France for money transfer procedures. Upon completion of the transaction you will receive a receipt proving the transfer. Keep this receipt for comparison in case of loss of deposit or similar risk.
Note: When transferring money, it is necessary to correctly fill in the name of the bank address, the beneficiary account number and the recipient's name, the ID card number... Then return it to the staff and keep the transaction receipt.
Method 2: Transfer money from France to Vietnam via Western Union
In France, there are famous fast money transfer services such as Western Union, Money Gram... Please choose a suitable service. During the money transfer process, you will be consulted by the staff about the remaining questions.
A special feature of this fast money transfer service is that you will be given a 10-digit money transfer code. Please provide this code to the recipient as a secret code between the two of you. Recipients of money to a Western Union agent in Vietnam, in addition to providing ID card, must also read the correct secret code to receive money.
To transfer money this way, simply go to Western Union transaction locations. Then write the money transfer paper according to the instructions of the staff. You will be provided with a secret code consisting of 10 numbers and sent this number to the recipient in Vietnam.
Recipients in Vietnam just need to bring this code to the bank and receive money immediately.
Please see instructions on how to receive Western Union money
Method 3: Transfer money from France to Vietnam via ATM card
Currently, domestic and international banks are linked with each other through the Visa financial institution. The international Visa card is a great product for customers in the digital age. This atm card allows both domestic and international transactions. With just a few simple steps on an atm or online banking applications, you can transfer money to your loved one's beneficiary account in Vietnam.
However, to apply this method, both the sender and the receiver must use a Visa card.
To make money transfer via international Visa card, customers can transfer money by electronic bank or ATM system with the symbol Visa/Mastercard. The important point is that the recipient in Vietnam also needs to use an international Visa card.
Time and fee for sending money from France to Vietnam
Time and fees money transfer from France to Vietnam It will depend on the form you choose.
Case 1: For bank transfer
Bank transfer time can range from 3 days to 7 working days. If after 7 days, the money has not arrived in Vietnam, it should be reconsidered. The money remitter must bring the receipt to the bank for checking and comparison. If the deposit is to the wrong address or is lost, a refund option will be calculated for the sender.
Each bank has a different fee for international money transfer. Even 2 banks in the same locality, but the money transfer fee is not the same. But most have competitive fees to attract more customers.
Case 2: For money transfer via Western Union
Western Union is a fast money transfer service, so after only 30 minutes, the recipient in Vietnam can go to the nearest Western Union transaction counter to receive the money.
The fee for transferring money from France to Vietnam via Western Union is equal to 0.3% of the total amount transferred.
Compared with the fast money transfer time and what Western Union services bring to customers, this fee is considered reasonable.
Case 3: For money transfer via atm Visa card
Money transfer via Visa card is a form of international transfer. Beneficiaries will receive the funds immediately after the transaction ends. If the money is transferred at the end of the day, the recipient may receive the money the next day. If the money is transferred on the weekend, the money will be transferred to the beneficiary's account on the first day of the following week.
Similar to bank transfer, the fee for transferring money via atm visa card depends on the specific regulations of the bank that opened the atm card.
Some things to know when transferring money from France to Vietnam
- Money transfer via fast money transfer services such as Western Union, Money Gram... all have higher fees than when transferring money through banks.
- You don't have to want to transfer any amount of money back to Vietnam. The amount transferred is subject to a certain limit. Ask the staff at the money transfer point for more detailed advice.
- Refer to many different ways of transferring money and choose the one that best suits your conditions.
- Relatives in Vietnam who want to receive money must bring their ID card for authentication. Do not accept other people to receive money on behalf of. Except for cases where health or circumstances do not allow it, authorization must be obtained in accordance with the law and the receiving bank.
Conclusion
Above we have shown you how to money transfer from France to Vietnam in the simplest ways. Hopefully the above information will help everyone in the process of transferring money to Vietnam. If you have any questions, please leave them in the comments section below.
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