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MB offers free online international money transfers.

VTC NewsVTC News12/09/2023


According to data from the General Statistics Office, in the first seven months of 2023, the total value of goods exports and imports reached US$374.23 billion, a decrease of 13.9% compared to the same period last year, with exports decreasing by 10.6% and imports decreasing by 17.1%. Importing businesses continue to face difficulties amidst declining aggregate demand, inflation, and economic recession in many countries.

Understanding the difficulties faced by businesses, MB is pioneering and continues to extend many incentives to support import businesses in confidently expanding their operations and reducing financial costs.

MB offers free online international money transfers - 1

Save tens of millions of VND with BIZ MBBank .

From September 5, 2023 to December 29, 2023, corporate customers with revenue of VND 1,000 billion or less who are new to using online international money transfer services on the MBBank BIZ digital banking platform will be exempt from transfer fees and telegraphic transfer fees until September 30, 2024.

At the same time, all international money transfer transactions conducted on MBBank's BIZ platform also enjoy preferential exchange rates depending on the currency of the transaction, up to a maximum of 80 points higher than the listed exchange rate. With these incentives, importing businesses can save tens of millions of VND in financial costs.

Besides favorable fees and exchange rates, MBBank's online international money transfer service on BIZ also aims to provide customers with the most convenient experience in the market. With this feature, 100% of businesses' needs related to international money transfers can be fulfilled digitally and completely without requiring any paperwork.

In particular, MB Bank commits to completing online international money transfer transactions within 1 hour from the time the customer successfully approves the order on MBBank's BIZ. Furthermore, customers can check the credit status of the funds in an instant.

MB also continues to apply preferential interest rates, reducing them by up to 2% per year for businesses with revenue under VND 100 billion when disbursing loans online through BIZ MBBank. MB's new policies not only share the difficulties faced by businesses but also encourage them to participate in digital transformation, aiming towards the digital transformation goal of the national economy as a whole.

In addition, businesses receive a range of other attractive incentives when transacting on BIZ MBBank, such as: receiving a premium account number worth up to 200 million VND, a cashback of 200,000 VND when making transactions immediately after opening a new account, and accumulating points based on transactions to redeem many attractive gifts for businesses and business owners with a value of up to 100 million VND/customer in the BIZ Star program.

BIZ MBBank is a smart digital banking and financial services platform (available on both mobile apps and websites) developed by MB for corporate clients. This platform allows all customers to register and open new accounts completely online.

Accordingly, businesses can conduct all banking and financial transactions (cash flow management, supply chain management, payments, employee payroll, international money transfers, foreign exchange trading, etc.) 100% online and without requiring hard copies of documents like traditional banking transactions. BIZ MBBank also ensures that transactions are carried out securely with fast and accurate processing speeds.

Bao Anh



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