What Is The Cheapest Way To Send Money To Vietnam From Usa

Looking for the best way to ship money from the Usa to family, friends or businesses in Vietnam (or even to your ain bank account)? Don't head straight to your American banking company - turn to online money transfer services instead. They nearly always offer improve exchange rates and lower fees - which means for the aforementioned amount of dollars you lot send, the recipient will receive more đồngs.

Compare ways of sending money to Vietnam

Apply our table beneath to compare services that ship money from America to Vietnam. Compare the money transfer providers' fees and speeds, then click "Go to site" when you've establish the best one to send your US Dollars to Vietnam.

How to send money to Vietnam from the United States

Here's our simple process for sending a money transfer to Vietnam as a cash pickup or bank transfer - the 2 options are similar:

1. Compare your options. Use our table in a higher place to find a money transfer provider that sends USD to Vietnam. One may exist better for greenbacks pickups while some other might exist better suited to a bank transfer. Once y'all've found the best ane for your requirements, click Get to site.
2. Register for an account. You'll demand to requite your name, address, contact details, proof of ID and method of payment.
3. Provide recipient details. Enter your recipient's proper name and contact information. If you're sending straight to their Vietnamese bank business relationship, you'll need the business relationship number, SWIFT or IBAN plus their bank branch's address.
4. Enter the transfer amount. Check y'all're happy with the fees, exchange rates and transfer speed, so enter the amount yous wish to send. Many services give the amount of Vietnamese đồng your recipient should receive, so double cheque this.
5. Complete your transfer. Send your coin transfer to Vietnam. Proceed any reference number rubber so you tin can track your transfer - your recipient may need it also.

If you send to a Vietnamese banking company account, your recipient will need to wait for the funds to arrive. For a cash option up, your Vietnamese recipient will need to evidence some form of photograph ID in society to pick upwards the funds. It's also important that you requite them the transaction reference number to streamline the process.

For larger transfer amounts, y'all may need to phone the agent location to ensure it has enough greenbacks available.

Ways to send and receive money

How to decide which option is all-time for you to transport money to Vietnam.

• Sending money to Vietnam
• Receiving money in Vietnam

• Bank deposit. Well-nigh major banks in America let you wire money to banks in Vietnam. However, you might go weaker exchange rates and pay higher fees all for the privilege of a slower transfer.
• Online money transfer services. Online companies like Dunbridge Financial and OFX brand international money transfers to Vietnam easy with bank transfers or cell telephone top ups ofttimes offered as easy delivery options.
• Transfer agents across America. Many transfer providers take locations dotted all across America, making it easy for you to send money that tin be easily picked up in similar agent locations in Vietnam.
• Checks and coin orders. If speed is not an issue, you can always selection upwards an international check from your banking company or the United states of america Postal Service to transport to Vietnam.

• Greenbacks selection-up. Remitly and WorldRemit allow you to collect cash, even if y'all don't accept a banking company account in Vietnam.
• Bank deposit. If you take a Vietnamese banking company account, you can have money transferred directly into this without having to brand whatsoever trips to a money transfer agent location.
• PayPal. The Xoom app allows you to receive money from the United States onto your prison cell phone, into your Vietnamese banking concern account, or equally a cash pick-up.
• Checks and money orders. Both personal checks and money orders can be sent directly to yous where you live merely these tend to be the slower options.

What documents do I need to transfer money to Vietnam?

To send money from the United States to Vietnam, yous'll need the post-obit:

one. Photograph identification

Most providers require a driver'south license, passport or other American authorities-issued ID. You can send transfers without the higher up only may need to give alternate ID instead.

2. Payment method

Your options depend on the provider's services. Popular methods include greenbacks, debit or credit card payments, bank business relationship transfers and personal checks.

three. Recipient information

Y'all'll demand their name (matching their ID) plus contact details. If sending to a Vietnamese bank account, you'll demand the a/c number, SWIFT and branch details.

What documents practice I need to receive coin in Vietnam?

To collect coin in person in Vietnam, the recipient will need:

1. Transfer number

The reference number - sometimes called a PIN, MTCN or tracking number.

ii. Government-issued ID

A official ID, such as a Vietnamese passport or driving license.

3. The transfer corporeality

To know how much has been sent, unremarkably to inside 10% of the full.

4. Sender information

The sender'southward proper noun and address and the country from where the coin was sent.

How much does it toll to send money to Vietnam from America?

The cost of sending coin to Vietnam from the United States depends on the exchange charge per unit between USD to VND, the fees, how you want your recipient to receive your transfer and the turnaround time:

• Exchange rates. The mid-market rate is the rate banks and transfer services utilize to trade between one another. It is the all-time rate that y'all can become. But not all money transfer providers offer you this mid-market rate so compare the exchange rate you're offered to the mid-market place rate and await for the smallest deviation.
• Transfer fees. Are you being charged a flat fee or a percentage of your transfer corporeality? For instance, a provider offering to transfer your money to Vietnam for a flat or low fee might work out better if you lot plan to ship a large amount.
• Transfer speed. If you need your transfer to arrive quickly, you lot can pay for a quick delivery. Companies such as Remitly and WorldRemit offer instant greenbacks pickups but may charge more. If you're not in a blitz, online money transfer services tin can offer the best value, usually getting your coin to Vietnam faster and cheaper than banks.
• Transfer limits. Find out how much you lot can transport with each service. For case, ane provider may have a ship limit of $10,000 while another may allow you lot to transfer up to $one 1000000. For smaller transfers, cheque the fees. For big transfers, wait harder at the commutation rate. Some providers encourage large transfers with low fees.
• Transfer blazon. Does your recipient take a Vietnamese depository financial institution account or is cash or cell phone top up the better selection? Each transfer type will have different fees. For instance, instant cash pickups tend to be more expensive than bank transfers.
• Discounts. Some providers may offer you a free transfer simply for signing up while others may offer y'all a discount if you lot transfer more than a sure amount.

Looking for the all-time exchange rate? Discover the USD/VND exchange rate rates and historical changes.

Frequently asked questions

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Helen Champion is an associate editor at Finder. She has worked in communications for over sixteen years and currently writes on a range of topics including insurance and coin transfers in the hope of empowering people to make better financial decisions. During her circulate career, she helped to produce hundreds of news and breaking news reports for Associated Press Television set and ITV News. And in public relations, she managed several high-contour public relations campaigns for Macmillan Cancer Support, the Full general Medical Council and overseas for Qatar Foundation on behalf of BLJ Worldwide. Helen has a Available of Arts in Journalism from the University of Lincoln, a passion for practising karate in the dojo and a deep love of making mischief with her sons.

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