Transferring Money

VungTauDon wrote:

It's not hard to open an account even without a job in Vietnam but I hate HSBC.

Yeah,but to transfer money to overseas?

Ken Charma

mjay217 wrote:

I keep reading that it is a total nightmare to transfer money back to the US, is this true? I live here and receive paychecks from my work but do not have a bank account here. I know I can use Western Union but is it expensive? Can I use the bank which I cash my checks at? Any suggestions would be greatly appreciated!

I believe western union in VN cannot be used to send money, only receive money. You can either,

1. Ask friends or whoever is going back to your country to bring it for you

2. Bank TT

VungTauDon wrote:

It's not hard to open an account even without a job in Vietnam but I hate HSBC.

Theres tons of banks like ACB, Vietcom bank, etc....

VungTauDon wrote:

I hate HSBC.

Why do you not like HSBC? Right now, my wife and I use WellsFargo and Vietin bank to transfer money, but I was thinking about switching to HSBC because they also have branches in the US. If this is a bad idea, I would like to know.

jakejas wrote:

Shoot, that requires $100K... I guess WellsFargo and Vietin aren't all that bad after all.

Enrolment Requirements

A minimum Total Relationship Balance (TRB) of VND 1 billion or its foreign currency equivalent is maintained in deposit(s) or investment(s) at HSBC.

It's $100k in other countries outside Vietnam. I read people would open the account in Vietnam to get the Premier status since it's a lower requirement.