Job Discussion Forums

Kawika · Joined: 19 Oct 2009 Posts: 22 Location: Saigon

Hi all,

What is the best method to transfer money to the states. I am legally employed and have copies of payslips, contracts, visas, etc.

My bank is Vietcom Bank, but would be willing to switch to an internationally friendly bank if it makes transferring money to the states easier.

I'm hoping to transfer $4k, to put in my IRA back in the states when I return for a visit in October.

Any suggestions would be much appreciated.
Thanks!

MikkaRose · Joined: 22 May 2009 Posts: 3

Both me and a friend used ANZ bank (I'm not sure where you are, but there's a branch near Hoan Kiem Lake in Hanoi where they are super helpful and speak English). As long as you can provide payslips, it's quite easy and fast to send money back to the States if you have an account with them. Hope this helps, good luck!

toiyeuthitmeo · Joined: 21 May 2010 Posts: 213

Vietcombank will do it for you. At my branch, you need to go to an office on the third floor, I want to say it's called "International Transfers" or something but not 100% sure. If you find an English speaking teller they can direct you to the right office if you say "Transfer salary / Send salary" or something like that.

You will need: Copy of your work contract, Passport, Most recent pay statements showing at least enough pay to match amount you want to send, and of course your home bank's account info. It's actually fairly efficient, and the money shows up back home in 2-3 business days.

Vietcom's fee for this service is not too bad. I've sent a couple thousand and I think something like $10-$20 is deducted by Vietcom, and then whatever your home bank charges. It ends up being pretty reasonable, cheaper and more convenient than Western Union, which is another option.

Just a warning, they will have you sign several forms, and they will look very carefully, like even using a magnified computer image, to see that all of your signatures match. Can be a bit annoying if you've got an inconsistent autograph, as I do.

Make sure to ask for a receipt, just in case. My branch usually doesn't give one unless I ask.

MrMrLuckyKhan · Posted: Wed Aug 25, 2010 3:55 pm Post subject: