Site Search:
 
Get TEFL Certified & Start Your Adventure Today!
Teach English Abroad and Get Paid to see the World!
Job Discussion Forums Forum Index Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Students and Teachers from Around the World!"
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Sending Money Home Expensive?

 
Post new topic   Reply to topic    Job Discussion Forums Forum Index -> Vietnam
View previous topic :: View next topic  
Author Message
Black_Beer_Man



Joined: 26 Mar 2013
Posts: 453
Location: Yokohama

PostPosted: Sun Apr 08, 2018 7:19 am    Post subject: Sending Money Home Expensive? Reply with quote

A friend of mine (who claims to know about Vietnam, but doesn't live there) tells me that it is difficult and / or expensive to wire money to one's home country.

Do foreign English teachers have difficulty wiring money home from Vietnam? How expensive is it?
Back to top
View user's profile Send private message
suphanburi



Joined: 20 Mar 2014
Posts: 892

PostPosted: Sun Apr 08, 2018 10:06 pm    Post subject: Re: Sending Money Home Expensive? Reply with quote

Black_Beer_Man wrote:
A friend of mine (who claims to know about Vietnam, but doesn't live there) tells me that it is difficult and / or expensive to wire money to one's home country.

Do foreign English teachers have difficulty wiring money home from Vietnam? How expensive is it?


If you have a work permit then no big deal to buy USD or GBP and do a foreign remittance.
If you do not have a work permit then it is both difficult and expensive since Dong (VND) are an nonconvertible currency.

.
Back to top
View user's profile Send private message
Black_Beer_Man



Joined: 26 Mar 2013
Posts: 453
Location: Yokohama

PostPosted: Mon Apr 09, 2018 3:36 am    Post subject: Reply with quote

How much is the remittance cost?
Back to top
View user's profile Send private message
RustyShackleford



Joined: 13 May 2013
Posts: 449

PostPosted: Mon Apr 09, 2018 6:56 am    Post subject: Reply with quote

It's like 500,000 VND ($22 USD).

It is a bit of a pain to transfer money out of country even if you have a work permit. You have to take your contract to the bank and register it (and then it only works with that one branch and even then they may bug you about it every month). Then you need to fill out this document again and again - even if you do it every month, they don't automate the process.

No idea what happens to those who don't have a WP or if other banks have a more streamlined process. Like Saudi was awesome - just register your account with the web service and I never had to step foot in the bank again to send my money.
Back to top
View user's profile Send private message
SeldomSeen



Joined: 07 Feb 2013
Posts: 39

PostPosted: Mon Apr 09, 2018 2:31 pm    Post subject: Reply with quote

If you bank with HSBC then it is very easy.

You will need your work permit and passport to set up the account (and probably 100 other documents - this is Vietnam after all) but after that transferring money abroad can be done easily online.

HSBC don't have a lot of branches in Vietnam but they are there. Their online banking system works fine. While it is 20 years behind Europe or the USA it still works at its own pace. For example, all transactions are manual. You might have done the transaction online but that doesn't mean that it has been done; someone still has to manually do it. I guess this keeps a few thousand bureaucrats employed without adding any value to the process. That's Vietnam for you.

At the end of the day; I've had no problems transferring money abroad. I can't remember what the fee is (about $15), but it is in line with Moneygram, Western Union what other services charge, but I can do all of this online.
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    Job Discussion Forums Forum Index -> Vietnam All times are GMT
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


This page is maintained by the one and only Dave Sperling.
Contact Dave's ESL Cafe
Copyright © 2018 Dave Sperling. All Rights Reserved.

Powered by phpBB © 2001, 2002 phpBB Group

Teaching Jobs in China
Teaching Jobs in China