Can I transfer money from US bank to Vietnam bank?
You can send money from the United States to Vietnam using your bank, a specialist money transfer service, an e-wallet, or by visiting a physical money remittance store. Each option has different pros and cons, so the best for you will depend on your specific transfer and personal requirements.
- Register for free. Sign up online or in our app for free. ...
- Choose an amount to send. Tell us how much you want to send. ...
- Add recipient's bank details. Fill in the details of your recipient's bank account.
- Verify your identity. ...
- Pay for your transfer. ...
- That's it.
If you need to send an international wire transfer, visit any U.S. Bank branch. You'll need the following information: Receiving bank's information: The bank's SWIFT code, their name, and address. Beneficiary information: The recipient's name, account number, and address.
How do I send an international wire transfer? Log in to Online Banking; hover over the Transfers tab, locate the Send money to someone section and select Using their account number at another bank. Before starting make sure you have all the correct recipient bank details.
Zelle is only available for customers with a US bank account and US registered mobile number. That means it's not an option for sending international payments to friends and family overseas. Read on for some international Zelle alternatives.
You send in your local currency - USD from the US, CAD from Canada and Euros from France - but all funds are transferred in the local currency, Vietnam Dong - VND. Due to bank regulations, you can initially deposit up to $999 / £999 / €999 per day and $2,999 / £2,500 / €2,500 per month.
For customers who send money to Vietnam from the United States, sending limits are based on three tiers. For example, as of this writing, starting limits with Remitly are: $2,999 in 24 hours. $10,000 in 30 days.
| Provider | Fee¹ | Total Cost |
|---|---|---|
| US Bank (USA) | $50 | $50 + exchange rate markup + likely fees from intermediary and recipient banks |
| Wise | $6.93 | $6.93 (via ACH) |
Wire transfer fees generally range from $0 to about $50. The median wire transfer fee for the institutions we surveyed is $15 for incoming domestic wire transfers, $25 for outgoing domestic wire transfers, $15 for incoming international wire transfers and $45 for outgoing international wire transfers.
Bank of America is a good option for those who want to send money to countries that are not covered by other banks. Wells Fargo: Wells Fargo is another popular bank in the United States that offers competitive exchange rates and low fees for international wire transfers.
Does Bank of America operate in Vietnam?
Bank of America has decided to shut its Hanoi branch and will wind down its Vietnam operations by the end of next month, a member of its staff said Tuesday. The staff member said the bank's U.S.-based head office had decided to end operations in Vietnam to reduce costs.
CURRENCY RESTRICTIONS FOR ENTRY: None. However, Vietnamese Dong in excess of VND 15,000,000 or foreign currency in excess of 5,000 U.S. dollars or equivalent must be declared.
The Wells Fargo ExpressSend Service is a person-to-person remittance (money transfer) service that offers you more options to send money home to your family or friends in Mexico, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, Colombia, Ecuador, Peru, China, India, Philippines, and Vietnam.
PayPal, Money Orders and Other Options
There are some additional options to send money to Vietnam from the United States as well. For example, you can use PayPal for international money transfers. But be ready for not so good exchange rates and high fees.
Venmo is currently only supported within the U.S. If you try to sign in while abroad, you'll likely get an error message.
The cheapest way to send money internationally is to transfer funds directly from your bank account to a recipient's bank account. Most transfer services charge additional fees for debit card or credit card payments and cash pickups. Credit card payments will incur additional charges from your credit card provider.
Generally speaking, you can send as much as you like overseas. There aren't any US laws on sending money abroad that limit the amount you can send.
Citi has two branches in Vietnam, one in Hanoi and one in Ho Chi Minh City. 1st Floor, 17 Ngo Quyen Street, Hoan Kiem District, Hanoi. 15th Floor, 115 Nguyen Hue Boulevard, 1st District, Hochiminh City.
You may bring into or take out of the country, including by mail, as much money as you wish. However, if it is more than $10,000, you will need to report it to CBP.
We don't charge a fee for outbound transfers. For inbound transfers (from accounts elsewhere to your U.S. Bank account), you'll never pay a fee – and you have a choice of speeds.
Is there a fee to transfer money from U.S. Bank to another bank?
It's free! We don't charge a fee for external transfers.
"Using PayPal, Zelle, Venmo, Apple Pay and Square's Cash App are all no-cost options when sending money from your bank account to another's bank account."
- Find the wire transfer section on your online banking service.
- Enter the recipient's bank details.
- Enter the amount and currency you want to send.
- Pay the transfer processing fee.
- Prepare the information needed for international wire transfer.
A SWIFT transfer has multiple charges, such as transfer fees, exchange rates, and hidden fees. Banks charge around 3-5% on the exchange rate for each transfer.
Select Send a wire transfer, then choose the account to transfer money from and select Continue/Save. Listed under the amount to send, select View all dollar limits. This will show all incoming and outgoing transfer limits.
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