Card Services Personal Loans Corporate Loans Remittances Installments by credit cards Deposits - Savings Electronic Banking Online Tax Payment International Payments Deposit payment Insurances International Payments I want to transfer money abroad, what procedures do I need? Customers can transfer money abroad for the purposes specified by the State Bank, such as: payment of study fees, allowances for relatives abroad or for imported goods, etc. etc. For each purpose, there will be different specific procedures. So what purpose do you need to transfer? What procedures do I need to transfer money for service payment? First of all, you need to open an account at Kienlongbank: either a VND account or a foreign currency account. If the T / T remittance company makes payment for the service, the following documents are required: Service contract with confirmation between the buyer and seller Service invoice Record or agreement or supporting documents complete service delivery Can customers withdraw foreign currency cash from their personal current account? Need to prove the purpose of withdrawal? Individual customers with available foreign currency on their foreign currency deposit account can withdraw foreign currency in cash from this account without proving the purpose of capital use. Do customers need to prove their origin when depositing cash into their foreign currency payment deposit account? Customers must prove that the source of cash deposited into their foreign currency account is legal (certified by the border-gate customs in accordance with the law on foreign exchange management). For money transfers from abroad, customers do not need to prove the origin of the money received. My company wants to open LC, what is the LC fee? Depending on each imported LC, the import LC fee will be different. Usually an imported LC will have the following basic fees: LC opening fee, LC payment fee and LC telegraph fee; LC fee depends on LC value, margin ratio, type of LC, ... so in order to be able to calculate LC fee correctly, you can go to Kienlongbank's transaction offices, our staff will more specific problem. I want to transfer money TTR pay for import goods, what is the money transfer fee? Remittance fee includes Vietnam bank fee and foreign bank fee: - For prepaid import goods payment: Vietnam bank fee includes payment fee and telegraph fee, telegraph fee is 5 USD / transaction , payment fee is 0.2% * minimum transfer value is 5 USD; Foreign bank fees are paid by overseas money receivers to foreign banks. - For postpaid Import Payment: Vietnam bank fee includes payment fee and telegraph fee, telegraph fee is 5 USD / transaction, payment fee is 0.165% * minimum transfer value is 5 USD ; Foreign bank fees incurred depending on the fee schedule of each SBV, will be collected on the amount transferred My company wants to open LC, what procedures do I need? To open LC for importing goods, you can go to any nearest Kienlongbank transaction office and meet our credit officer. Our credit department will base on the needs and specific performance of the company to propose a suitable LC margin level for your company; As for international payment procedures: You need to provide a foreign trade contract, Kienlongbank's staff will help you prepare an application for opening LC and LC draft. My company wants to transfer money for imported goods, what procedures do I need? First of all, you need to open an account at Kienlongbank: a VND account or a foreign currency account; Depending on the agreement between the company and the exporter which payment method to use, eg TTR, LC, or collection; Depending on the method there will be different procedures. I want to transfer money TTR to pay for imported goods, what procedures do I need? First of all, you need to open an account at Kienlongbank: either a VND account or a foreign currency account. If you choose the TTR method, the international payment documents include: + If the company pays TTR in advance (ie prepay, receive goods later): Foreign trade contract or orders confirmed by buyer and seller; Import permit / quota (if the goods are listed in the required list) Request for wire transfer (as per form of Kienlongbank). + If the company pays TTR postpaid (ie receive the goods first, pay later): Foreign trade contract or orders confirmed by the buyer and the seller; Bill; Customs clearance declaration; An application for wire transfer (according to Kienlongbank's form). How much is the money transfer fee if I want to transfer to pay tuition fee (or give / donate to a family member abroad)? Money transfer fee includes Vietnamese bank fee and foreign bank fee; Vietnam bank fee includes payment fee and telegraph fee: Telegraph fee is 5 USD / transaction; Payment fee is 0.2% * minimum amount of money transfer is 5 USD for donation / relative benefit, or 0.165% * minimum amount of transfer is 5 USD for expense purpose study abroad; Foreign bank fees are paid by overseas money receivers to foreign banks. 1 2 › »