Last updated on August 22nd, 2023 at 03:13 pm
Planning to send money home to Vietnam? You aren’t alone. There are at least 4.5 million Vietnamese-origin workers living overseas and remittances make up 6.4% of Vietnam’s GDP.
But for many find it difficult to send money home. The average cost of sending $200 from the US to Vietnam was $14.44 in 2011. These high fees, combined with a long verification process and unpredictable transfers make remittances stressful. Remitly wants to change that through simple and affordable transfers.
One of the common ways our customers send money to Vietnam is through bank deposits to a VietinBank account. It only takes a few minutes to get started, and you can track the transfer every step of the way. You can send VND or USD to your family and friends, whichever you prefer.
Send Money to VietinBank in Vietnam in 3 Easy Steps
Once you download the Remitly app and create an account, you can send your first bank deposit to VietinBank. This is a simple, 3-step process.
- Decide how much you want to send and select “Bank Deposit.”
- Enter your recipient’s name, address, and bank account number.
- Add your payment method.
You can also add your recipient’s phone number if you want them to receive real-time SMS updates. Regardless, you will be able to track the transfer on your end.
Why Should I Use Remitly to Send Money to VietinBank?
Remitly offers competitive exchange rates for the Vietnamese dong, simple pricing, and a truly secure method for transactions and account security.
Plus, it’s easy. Starting a transfer only takes a few minutes and you can send from anywhere, at any time.
How Quickly Will my Money Arrive at VietinBank?
We have a simple flat fee based on delivery speed. This means that if you need funds immediately, you’ll pay a certain fee. If you aren’t in a rush, you can choose for your money to arrive within 3-5 days for a lower fee.
Our service and all the benefits that come with it remains exactly the same no matter which delivery speed you choose. That means you can still track your money transfer to VietinBank from the app.
How Much Money Can I Send to VietinBank with Remitly?
To keep your account secure, we follow international regulations for money transfers. This is why we have spending limits. Typically, you can increase this limit with a few extra documents.
After you sign up Remitly, you can send the following without more paperwork:
- $2,999 within 24 hours
- $10,000 within 30 days
- $18,000 within 180 days
Is it Safe to Send Money to VietinBank with Remitly?
Yes, Remitly is safe and trusted by millions of users. In addition to standard user protections like two-factor verification and personal data encryption, we offer a bank-grade security system for transactions. And not only do we have a 24/7 customer support line, but we also have an in-house team of security experts focused on keeping your account secure.
If there is any error or issue in sending your funds, you will always get your money back.
Learn more: How to Safely Send Money to Vietnam in 5 Easy Steps
More about VietinBank
Originally called Vietnam Industrial and Commercial Bank (Incombank), VietinBank is one of the biggest banks in Vietnam. In addition to being a state-run bank, it is one of the largest companies in Vietnam. VietinBank offers both personal and corporate financial services, such as savings accounts, loans, life insurance, and e-banking.