Buzz
In addition to features like settings management, personal information management, online bill payment, and online savings deposit, users of Vietcombank's internet banking service also have access to an incredibly useful calculation tool. It helps calculate bank transactions swiftly and accurately.
Learn how to convert currency and calculate savings interest.
1. Currency Conversion Method.
2. Interest Rate Calculation Method.
3. Debt Repayment Schedule Calculation Method.
Guide to Currency Conversion, Savings Interest Calculation, and Debt Repayment Schedule with Vietcombank
Firstly, to utilize these features, you need to register an account with Vietcombank and sign up for Vietcombank internet banking
After registering for the service, access the VCB-iB@nking system, log in with the provided username and password, enter the verification code, then click 'login' to access the system
On the left menu bar, locate the 'calculator tool' section and follow the instructions below
Step 1: Currency Conversion with Vietcombank
With this calculator tool, we can easily calculate the amount of money needed to buy/sell foreign currency for Vietcombank without the hassle of manually converting exchange rates.
How to proceed: Select the transaction type (buy foreign currency from Vietcombank, sell foreign currency to Vietcombank), choose the currency type (USD, EUR, JPY,...), input the amount to convert, and press 'convert'
Example conducted by Mytour: Choosing the transaction type 'sell foreign currency to Vietcombank', currency type is USD, the amount is 1000 USD. Right after pressing the 'convert' button, the system reported the amount we can receive when conducting this transaction at the counter is 23,145,000 VND.
Step 2: Vietcombank Savings Interest Calculation Method
With just a few simple data entry steps, you can estimate the expected interest amount you can receive for your savings deposit. After performing this calculation, you will also have a clear idea of your actual deposit amount and can proceed to deposit savings online with Vietcombank without the need to visit the counter directly. Procedure: Enter the deposit amount, choose the deposit period, select the deposit type, and press 'convert'.
Example performed by Mytour: For an amount of 10,000,000 VND, a deposit term of 12 months, the expected interest amount in Vietcombank's system is 680,000 VND.
Step 3: Vietcombank Debt Repayment Schedule Calculation Method
Instead of manually calculating the debt repayment schedule, you can use Vietcombank's calculation tool to reference the simulated repayment schedule for your debt.
Procedure: Enter the loan amount, loan term in months, input the loan interest rate, and press 'convert'
Example conducted by Mytour: With a loan amount of 50,000,000 VND/12 months, loan interest rate of 13% per annum, we received the simulated repayment schedule table from Vietcombank as follows.
By utilizing the savings interest calculation, debt repayment schedule calculation, and foreign currency conversion tools on the VCb - iB@nking system, you can easily calculate and plan your financial management in the most scientific and simplest ways.
Furthermore, with the ability to provide detailed notifications about account balance fluctuations, helping you easily track and manage your payment accounts, Vietcombank's SMS banking service is also trusted and widely used by many. If you haven't registered for Vietcombank's SMS banking yet, you can learn how to do so here.
