Can foreigners transfer money out of Vietnam?

How to send money overseas from Vietnam?

Okay, so you wanna send money outta Vietnam, huh? Easy peasy, actually. There’s a bunch of ways, but I used Western Union last year, worked like a charm for my sis’s tuition in Australia. Super fast, too. Like, I sent it Tuesday morning, she got it Wednesday afternoon. Crazy fast!

Seriously, Western Union’s great, though they’re not always the cheapest. Fees depend on the amount and where it’s going. Annoying, I know. You should check their website, though.

I also know people who swear by Wise, apparently much better exchange rates. They’re all online, so super convenient. Gotta compare tho.

Here’s what you need to think about:

• How much? Big difference in fees based on that.
• Where to? Some places are cheaper than others, naturally.
• How fast? Western Union’s fast, but pricey. Wise is slower sometimes, but cheaper.
• Who you’re using. Seriously, read reviews! Don’t just pick the first one you see.

My cousin uses some app called Remitly, I think. Says its good. I never tried it myself.

For education? Medical? Whatever! It works for anything. Just gotta find the right service for you. So yeah, research is key! Good luck! Don’t forget to factor in those fees! They can bite you in the butt if you aren’t careful.

Can money be sent out of Vietnam?

Yeah, you can totally send money outta Vietnam. My cousin, Linh, she sends money to her son in the States all the time for school. It’s for his tuition, you know? He’s studying engineering at UCLA. Go Bruins! Pretty expensive. So, yeah, it’s allowed. State Bank, they have rules, of course. Like, gotta be for specific things. I think there’s a limit too, how much you can send. Not sure on the exact amount tho. Linh usually uses a bank transfer. Easier than those, uh, whatchamacallit, money order things.

• Education abroad: Like Linh’s son. Tuition, housing, books, all that jazz.
• Medical treatment overseas: If you need surgery or something fancy they don’t do in Vietnam. My aunt went to Singapore for a knee replacement last year.
• Travel: Vacations! Thailand, Korea, wherever your heart desires.
• Business trips: If your job sends you to a conference in, like, Japan. Gotta pay for stuff.
• Visiting family: If your mom lives in France, you can send her cash.
• Foreign fees and charges: Paying for online courses or international subscriptions.

Gotta go through official channels though. Banks or licensed money transfer places. Don’t try anything shady. Just use a regular bank. Much easier. Linh uses Vietcombank, I think. They seem to have the best exchange rate. Or maybe it was Techcombank. I dunno. One of the big ones anyway. She just does it all online now. Super convenient. Remember when we had to go stand in line at the post office forever? Good times. Not really.

Can I transfer money from Vietnam to us?

Name, address. Funds source. Bank details. Done.

• Recipient’s full legal name (as on ID). Crucial. No nicknames.
• Recipient’s US address. Full, verifiable.
• Your proof of funds. Bank statement, payslip. Expect it.
• Recipient’s US bank account details. Account number, routing number, SWIFT code. All of it.

My transfer to Chase from Vietcombank went through in 24 hrs last week. Used Wise. Smooth. Fee was $14 for $1000. Your mileage may vary. Don’t forget the paperwork. They will ask.

How can I take money out of Vietnam?

Getting your dong outta Vietnam? Piece of cake, mostly. Think of it like herding cats, but the cats are slightly less chaotic. Banks are your only real option, forget those “click and you’re done” fantasies. It’s 2024, not the Jetsons.

Seriously, though. You need a Vietnamese bank account. Then, you wrestle with their system. Prepare for paperwork that would make a lawyer blush.

• Expect delays. Think glacial speed.
• Fees? Yeah, they’ll nibble at your cash like piranhas on a sausage.
• Know your limits. They’re stricter than a drill sergeant on caffeine.

My cousin, bless his cotton socks, tried using a Western Union last year. Total disaster. It was like trying to teach a goldfish to ride a unicycle.

I personally swear by Vietcombank. But even then, I’ve spent hours staring at screens, praying to the digital gods. It’s a marathon, not a sprint. My last transfer took…well, let’s just say it involved several cups of extremely strong coffee. And maybe a few curses.

Important note: Rules change faster than my socks disappear in the laundry. Check the current regulations on the official government website before you start. Seriously, don’t just trust some random dude on the internet. Unless that dude is me. But trust me, this is solid advice. Probably.

How can I send cash to a friend?

Alright, sending cash to your buddy? Easy peasy, lemon squeezy. Forget carrier pigeons and burying treasure, we got apps for that!

Need cash gone faster than free donuts at a cop convention? P2P apps are your jam. Think Cash App, Venmo, Zelle; the whole shebang.

• Cash App: Apparently, folks love the green. Like a digital leprechaun, but with less beard.
• Venmo: Social media meets your wallet! Share that you bought your friend a burger…or just send the cash, no judgment.
• Zelle: Banks are in on the action! Sends money faster than my grandma spreads gossip.

Now, security, security, security! Treat these apps like your social security number – guard it with your life! My Aunt Mildred once sent her rent money to a Nigerian prince by accident. Oops!

Fees can be sneaky. Check ’em closer than you check your online dating profile! Some apps charge for instant transfers, like they’re holding your money hostage or something.

My advice? Pick one, get verified, and send that cheddar. Just don’t blame me if your friend blows it all on lottery tickets. Good luck, lol! Also, maybe make them pay you back. My luck with that is terrible.

How can I send money to my friend in another country?

International transfers? Simple. Not really.

• Western Union: Cash reigns supreme. Need funds now and there? Done.

• MoneyGram: A rival. Similar, but not the same. Competition sharpens the edge, huh.

• PayPal: Convenient. Everyone uses it. Fees? Expect them. Of course, expect problems too.

• Xoom: PayPal’s shadow. Faster. More focused maybe. Still, Paypal.

• Wise (formerly TransferWise): Transparent fees. Hmph. Banks hate it. I used it to send Euros last month. Worked.

• OFX: Larger sums. Serious business. They call it ‘expert’. I wouldn’t.

• Paysend: Card-to-card ease. Fast? Promises. My aunt swears by it. Don’t ask.

Expect issues. Always. Check exchange rates. Watch the fees. They hide.

How do you put cash into your bank account?

Night. Quiet. Thinking about money… always money. Slipping cash into an ATM… feels strange. Impersonal. Like the machine doesn’t care.

Remember depositing my first paycheck. 2023. Felt… adult. Now, it’s just routine. A necessary evil.

So many ways to do it now. Too many.

• Bank teller: Face-to-face. Old school. Prefer this, sometimes. Like acknowledging the transaction.

• ATM: Quick. Easy. Soulless. The one on Elm Street always eats my twenties.

• Money order: Hassle. Post office. Lines. Needed one for rent once. Landlord was… difficult.

• Prepaid card: Tried that. Fees felt predatory. Never again.

• Online bank: Don’t trust it. Need the physical slip. The paper. Proof.

• Cashier’s check: Same as a money order, right? More official, maybe. Used one to buy my bike. My blue Schwinn.

• Wire transfer: For big amounts. Scary. Sent one to my sister last year. Tuition.

• Money transfer app: Venmo. Zelle. Convenient. But… exposed.

It’s all just… numbers on a screen. Doesn’t feel real. Miss the weight of cash. The crinkle of the bills.

Can a post office transfer money to a bank account?

Post Office money transfers? Yes. In-person or online.

• Cash pickup.
• Direct bank deposit. 2023 options.

My local branch, the one on Elm Street, offers both. Faster online, though. Fees vary. Check their site. Annoyingly complex system, frankly. Avoid peak hours. Expect delays. Use the app; it’s less of a headache.