PVcomBank offers many incentives for customers transferring money internationally

For customers who are enterprises operating in the import-export sector, PVcomBank will immediately give away a beautiful payment account number (VND or USD) along with incentives on payment service fees. Specifically, with international payment services, customers will be exempted from PVcomBank's money transfer fees for the first 3 international money transfer transactions, and from subsequent transactions, a 50% reduction. The fee after the incentive is not lower than the minimum or higher than the maximum according to PVcomBank's current fee schedule. For domestic payment service fees, PVcomBank reduces up to 50% of cash transaction fees, domestic money transfers, and counting fees. The incentive is applied to new customers who do not have a CIF at PVcomBank, open an account and make at least 01 international payment transaction during the program period.

In order to optimize operating costs and be flexible according to needs, PVcomBank also offers combo incentives for organizational customers to easily choose. For businesses that have determined their transaction turnover in the period, the value-based fee combo package (BizBlock) will be the optimal choice, with an unlimited number of transfers and a preferential prepayment fee that can be discounted up to 50% compared to the fee schedule. On the contrary, for businesses that frequently make money transfers with diverse transfer values, the time-based fee combo package (BizMax3612) will be a more suitable choice as customers can make unlimited international money transfers and transfer amounts within the registered period (3, 6 or 12 months).

In addition to the incentives under the program, customers will be applied a competitive exchange rate policy with a variety of foreign currencies depending on the needs of each money transfer purpose. Along with that, PVcomBank increasingly simplifies procedures and documents so that customers can complete transactions in the shortest time. Possessing a network of correspondent banks worldwide, PVcomBank meets customers' needs for international payments in general and international money transfers in particular at reasonable and effective costs.

In parallel with the program for institutional customers, PVcomBank also offers incentives for individual customers from now until December 31, 2023. Accordingly, new customers or customers who already have a CIF but have not made an international money transfer transaction during the period from July 1, 2022 to June 30, 2023 will be exempted from PVcomBank's money transfer fee and electricity fee for the first 3 international money transfer transactions. This incentive is also specially applied on the "golden days" of Tuesday and Thursday every week for customers who have used or are using international money transfer services at PVcomBank. In addition, customers who are Priority Banking Service members are also exempted from PVcomBank's money transfer fee for all international money transfer transactions during the program period.

With attractive incentives, PVcomBank hopes to fully meet the needs of customers transferring money internationally for many purposes: Transferring money for studying abroad, Transferring money for relatives' allowance, Transferring money for settlement, Transferring money for medical treatment abroad, Transferring money for working abroad, Transferring money for traveling /visiting abroad, Transferring fees/charges to foreign countries, Transferring inheritance money, Transferring legal income of foreign individuals, Transferring legal income of Vietnamese people who are non-residents.

According to a representative of PVcomBank, transactions through the banking system in general and PVcomBank in particular are still the top choice for corporate and individual customers who need to transfer money internationally. At PVcomBank, in addition to a diverse network connection with correspondent banks around the world, customers are also fully consulted with information to help make transactions quickly, safely, securely and legally.

In addition to the above incentive programs, PVcomBank is also focusing resources on digitizing international money transfer products and is expected to launch this feature on the PV Mobile Banking application for individual customers in the third quarter of 2023. This will meet the seamless experience of customers anytime, anywhere, faster and more conveniently.

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