INDIVIDUAL CUSTOMERS OF NCB BANK RECEIVE A FREE INTERNATIONAL MONEY TRANSFER

In response to the demand for international money transfers at the start of 2024, the National Citizen Commercial Joint Stock Bank (NCB) is extending a complimentary money transfer program until March 31, 2024 to all individual customers who utilize international payment services.

Demand for foreign currency transactions has increased sharply

Based on data provided by the Department of International Cooperation under the Ministry of Education and Training, the current number of Vietnamese students pursuing higher education, university, and postgraduate studies abroad is approximately 200,000. This represents a growth of approximately 2.5 times in comparison to the period preceding 2013. In pursuit of educational and personal development opportunities, this translates to over 40,000 young Vietnamese citizens "going abroad" annually.

A substantial increase in the number of Vietnamese laborers residing and employed overseas also transpired. According to data from the Ministry of Labor, War Invalids, and Social Affairs, the number of Vietnamese laborers employed overseas will reach an all-time high of 159,986 in 2023.

In tandem with Vietnam's global integration, there has been a significant surge in the demand for international money remittances and foreign currency transactions. Additionally, remittances are being utilized for an expanding array of purposes, including funding overseas education and employment, supporting family members who reside and work overseas, resolving estates, financing medical treatment and examinations, and engaging in international trade.

International money transfer - As you may desire

Having a child studying abroad since the beginning of last year, Ms. Thuy Ha (48 years old, Hanoi) said she has researched many forms of international money transfer. Her current choice is to switch to the National Citizen Commercial Joint Stock Bank (NCB) because it is safe, fast, and cost-effective.

Having experienced financial losses from engaging in illicit online money transfers, I now exclusively rely on legitimate transaction platforms such as banks, which not only provide a sense of security but also frequently offer incentives, stated Ms. Ha.

Parents often opt to transfer funds worldwide using NCB Bank due to its reputable, secure, and committed service.

Similar to Ms. Ha, numerous parents and customers are utilizing banking channels to convey their affection and establish a solid financial foundation for distant relatives. At the present time, NCB Bank is regarded as a customer preference due to its dependable, secure, and expert service. Specifically, NCB introduced the "International money transfer - As you may desire" program at the start of this year, which assists customers in reducing the cost of conducting cross-border transactions.

Consequently, until March 31, 2024, NCB will waive money transfer fees (excluding telegraph and OUR fees) for all customers utilizing the bank's international payment services. NCB hopes that this enticing offer will serve as a "bridge" for customers to communicate affection with distant relatives while also expressing appreciation to customers who have been loyal to the bank in recent times.

NCB offers free international money transfers for individual customers from now until March 31, 2024

In addition to offering fee incentives, the bank presents fortunate spring gifts to customers who conduct international money transfers. Customers who conduct international money transfer transactions ranging from USD 10,000 to USD 30,000 will be granted fortunate money in the form of USD 16 in cash, commencing immediately and continuing until February 21, 2024. Customers who make a purchase of USD 30,000 or more will be granted an immediate lucky money present in the form of USD 26 in cash.

Customers receive lucky money denominated in VND, which is converted at the exchange rate in effect during the transaction. One lucky money will be awarded to each customer throughout the program.

Over the past few years, NCB has gained significant popularity and trust from a wide range of customers for its international money transfer service, which is characterized by straightforward procedures, secure data, and affordable rates, in addition to its other well-liked offerings (e.g., savings accounts, guarantees). NCB continues to reaffirm its progress in offering distinctive international money transfer services to individual clients by implementing fresh spring incentives, thereby fostering cost optimization, information security, and convenience.