BIDV launches inward remittance service from Cambodia to Vietnam

Publish date
24/06/2020

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In cooperation with the Bank for Investment and Development of Cambodia Plc (BIDC), BIDV officially launches the 24/7 international money transfer service from Cambodia to Vietnam via Mobile Banking channel provided by BIDC.

Accordingly, customers can transfer and receive money 24/7 in real time. Beneficiary accounts opened at BIDV will receive money within 30-60 seconds after successful transfer transactions at BIDC. The beneficiary information will be automatically checked to ensure accuracy.

Eligible customers are individual customers having USD accounts opened at BIDC. Beneficiaries will receive money in USD/VND accounts opened at BIDV and can receive money in VND or USD at their discretion. In case customers transfer USD in Cambodia and receive VND in Vietnam, the system will automatically convert currencies for customers.

The transaction limit is less than USD1,000/transaction and each customer is eligible to a maximum of USD 5,000/month.

The remittance fee at BIDC is only USD2-5/transaction. No fee is charged against beneficiaries.

To use the service, please download BIDC Mobile Banking app on Google Play and App Store.

For more information, please contact BIDV and BIDC’s branches or call BIDC’s 24/7 Contact Center via Hotline: +855 23 6388 999 for assistance.

BIDV is proud to be the first and only bank to be honoured with Vietnam Outstanding Retail Bank award by the Vietnam Banks Association (VNBA) and the International Data Group (IDG) for 4 consecutive years (2016 - 2019) and the “Best Retail Bank Vietnam” award for 5 consecutive years (2015 - 2019) by The Asian Banker.

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