Last updated on August 28th, 2023 at 01:46 pm
Need to send money home to Vietnam? You are similar to millions of Vietnamese citizens living abroad looking to send remittances home. In 2019 alone, Vietnamese workers abroad sent 16.7 billion U.S. dollars to their friends and families. Remittances are so significant, that they take up 6.4% of Vietnam’s GDP.
But as you probably already know, it’s not easy to send money home. High fees and unfavorable exchange rates mean that sending money is often expensive. In fact, the average cost of transferring $200 to Vietnam from the US was over $14 in 2011. And not much has changed since.
Remitly is changing that.
There are many ways you can send money to Vietnam, but many of our customers use Vietcombank. You can send money as a bank deposit or as a cash pickup in USD or VND. And you can track it every step of the way on Remitly’s app.
Send Money to Vietcombank in Vietnam in 5 Easy Steps
First, download the Remitly app and create an account. Then you can start sending money to Vietcombank. Starting your transfer is a quick and easy 5-step process:
- Decide how much you want to send in USD or VND.
- Select “Bank Deposit” or “Cash Pickup”.
- Choose “Vietcombank”.
- Enter your recipient’s name, address, and bank account number.
- Add your payment method.
We may ask for additional documentation depending on the amount sent or if we are unable to verify your identity.
If you add your recipient’s phone number, they can get an SMS/text message with real-time updates. Or you can also track the status of your transfer in the app.
Why Should I Use Remitly to Send Money to Vietcombank?
Remitly isn’t just easy to use. We also offer bank-level security and encryption, competitive exchange rates for the Vietnamese dong (VND), and fast delivery.
We also have a simple pricing structure. That way, you never need to worry about hidden fees or wasted funds.
How Much Money Can I Send to Vietcombank with Remitly?
At the time of this writing, the limits for Remitly customers sending from the U.S. to Vietnam are:
- $2,999 within 24 hours
- $10,000 within 30 days
- $18,000 within 180 days
If you need to send a larger sum of money to Vietnam, it’s not usually difficult to increase your spending limit. We will ask for a few extra documents to verify your identity and transfer. This is to ensure that all transfers are verified and this process keeps your information secure.
Is it Safe to Send Money to Vietcombank with Remitly?
Remitly is safe and is trusted by millions of users around the world. We use standard protections like two-factor verification (such as signing in with a password and mobile number) and personal data encryption. Our platform uses bank-grade security for transactions.
In addition, we have a 24/7 customer support chat line and a team of data security pros who focus on keeping you safe.
More about Vietcombank
One of the oldest banks in Vietnam, Vietcombank has served individuals and businesses since 1955. It played a monumental part in post-war reconstruction and economic revival in Vietnam and continues to offer various financial services today, including loans, investment opportunities, and e-banking.