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Products and Services » Individual Customer » Express transfer 24/7 to Viet Nam

Transfer to BIDV

INTRODUCTION ABOUT EXPRESS MONEY 24/7 SERVICE

 

I. Description

BIDC EXPRESS MONEY 24/7 service is an international money transfer service from Cambodia market to Vietnam through Mobile banking channel of Bank for Investment and Development of Cambodia Plc (BIDC). Accordingly, individual customers have accounts opened at BIDC, through Mobile Banking application provided by BIDC to transfer money to Vietnam for beneficiaries having accounts opened at Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV).

 

II. How to make transaction

  1. The user launch BIDC mobile application
  2. The user proceeds to Transfer section and chooses Transfer to Vietnam
  3. The user chooses Transfer to BIDV account
  4. To complete the transfer form, the user fills in this mandatory information
  • The user selects his/her BIDC account to transfer (only USD account)
  • The application shows the available amount and currency of the chosen BIDC account
  • The user fills in Beneficiary account (BIDV account)
  • The user clicks Check
  • The beneficiary account is checked for existence in BIDV system
  • The application shows the owner name, currency type of the beneficiary account
  • The user fills in amount (USD) and selects a purpose for transfer money
  • The user clicks Continue
  • The application requires the user to verify the transaction
    • The application shows additional information along with the above information
      • Transaction fee in USD corresponding to the transfer amount
      • Exchange rate (if cross currency transaction. That means the currency type of the beneficiary account is VND)
      • Amount received in USD/VND
    • The user gets a OTP notification and fills in OTP
  • The user clicks Confirm
  • The application notifies the results of implementing the transaction
  • The receiver gets a push notification from BIDV
  1. The user chooses Create New Transaction or proceeds to another sections.

 

III. Limit and Fee

  1. Limitations:
  • Maximum 1,000USD/1 transaction if the currency type of beneficiary account is VND.
  • Maximum 999.99USD/1 transaction if the currency type of beneficiary account is USD.
  • Daily limit: 5000USD
  • Monthly limit: 5000USD
  1. Fee table:
  • Transfer USD from Cambodia to Vietnam and receive VND:
    • Transfer $1 - $300                               : 2USD
    • Transfer $300.01 - $500                      : 3USD
    • Transfer $500.01 – less than $1,000    : 4USD
  • Transfer USD from Cambodia to Vietnam and receive in USD:
    • Transfer $1 - $300                               : 3USD
    • Transfer $300.01 - $500                      : 4USD
    • Transfer $500.01 – less than $1,000    : 5USD