MSB double the benefits for customers receiving remittances

Vietnam Maritime Commercial Bank (MSB) officially launches the “Profitable Remittances, Double the Benefits” promotional program, optimizing benefits and increasing profitability for customers receiving remittances at MSB.

Vietnam Maritime Commercial Bank (MSB) officially launches the “Profitable Remittances, Double the Benefits” promotional program, optimizing benefits and increasing profitability for customers receiving remittances at MSB.

The end of the year and the Lunar New Year are always peak periods for remittances flowing into Vietnam. According to statistics, Vietnam consistently ranks among the top 10 countries receiving remittances globally. In 2024 alone, the total amount of remittances to the country is estimated at approximately US$16 billion, equivalent to 4% of the country’s GDP. This important financial resource not only supports family life but also plays a key role in supplementing foreign exchange liquidity and supporting the national balance of payments.

To maximize financial benefits and show appreciation to customers receiving remittances, Vietnam Maritime Commercial Joint Stock Bank (MSB) officially launches a promotional program called “Remittances Earn Profits, Double the Benefits,” running from now until March 31, 2026. The program is designed to address the two biggest concerns of remittance recipients: transaction costs and the efficiency of foreign currency conversion.

The unique aspect of this program lies in MSB’s double benefit: customers not only receive reduced/waived cash withdrawal fees at the counter, ensuring they receive the full amount, but also benefit from a special preferential foreign exchange purchase rate compared to the regular rate. This combination ensures that every dollar of foreign currency transferred is not only easily received but also generates immediate profit, significantly increasing the recipient’s earnings.

Specifically, customers receiving remittances through MSB accounts and wishing to sell foreign currency (USD) for VND will enjoy a preferential exchange rate of up to 50 points compared to the listed transfer purchase rate. This is a significant competitive advantage when converting large sums of money, allowing customers to receive more VND for the same amount of USD, increasing their spending capacity and directly generating profit from remittances sent by relatives. This preferential policy is widely applied to customers with USD in their MSB accounts, transacting at the counter or through the MSB mBank application.

At the same time, to reduce the burden of transaction costs, MSB is implementing a preferential fee reduction for withdrawing USD for customers receiving remittances via SWIFT to their MSB payment accounts, with the new fee being only 0.16% (minimum 2 USD) compared to the old rate of 0.2% (minimum 2 USD). Reducing foreign currency cash withdrawal fees is a practical measure that helps recipients save on direct costs, especially for large remittances, contributing to preserving the full value of foreign aid.

An MSB representative stated that this is not just a typical promotional program, but also provides customers with a financial solution designed to maximize the profitability of remittances while simultaneously contributing to overall economic development. The combination of competitive exchange rates and reduced fees for cash foreign currency withdrawals allows remittance recipients in Vietnam to fully enjoy the benefits, increasing the value and profitability of each currency transferred. More importantly, this preferential policy also acts as a leverage/incentive to encourage remittance flows to Vietnam.

As one of the leading commercial banks with diverse international payment products and services, MSB’s remittance business results show many noteworthy highlights, reflected in both sales volume, growth rate, and profitability. Not only does MSB provide remittance services from abroad, it also offers international money transfer services, meeting diverse needs from studying abroad, tourism, business trips, medical treatment, immigration, supporting relatives overseas, or other legitimate money transfer transactions, along with promotional programs offering free money transfers during holidays and competitive exchange rates…

Details about programs for individual customers can be found here, hotline: 1900 6083 or visit the nearest MSB branch/transaction office for assistance.

About MSB

Established in 1991, after more than 34 years of development, Vietnam Maritime Commercial Bank (HoSE: MSB) has continuously strived to achieve many important milestones in the banking and finance industry. To date, MSB has 260 branches and transaction offices nationwide and connects with nearly 400 correspondent banks in 55 countries and territories. With a system of nearly 7,000 employees, the bank currently serves more than 6 million individual customers and nearly 100,000 corporate customers.

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