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By exploring an article comparing SMS alert fees for account balance changes, readers will understand the costs of monitoring transactions on their payment accounts and choosing the most cost-effective bank for them.
SMS Banking is a mobile banking service provided by banks and financial institutions to assist users in tracking account balance changes or conducting basic financial transactions with banks via SMS messages.
Although it integrates various utilities such as checking the 5 latest transactions, exchange rates, interest rates, loan inquiries, money transfers, phone card top-ups, game card top-ups, etc., most readers are concerned about the issue of SMS alert fees for account balance changes and related fees.
Understanding the concerns of users, Mytour has curated an article comparing the fees for receiving SMS alerts on balance fluctuations from various banks. Referencing the content of the article, readers will grasp the registration fees and SMS reception fees of AgriBank, Vietinbank, Vietcombank, MBbank, Techcombank, and more.
Fees for receiving SMS alerts on balance fluctuations: Comparing the fees for receiving SMS alerts on balance fluctuations from different banks
1. What are SMS alerts on balance fluctuations?
Using SMS Banking services provided by banks, typically, we receive two types of basic messages: proactive alerts and interactive messages.
- Proactive Messages (Proactive SMS): These are bank SMS messages sent to your phone automatically. Messages notifying OTP codes and SMS messages receiving balance fluctuation notifications are also a form of proactive messages.
- Interactive Messages: These are bank SMS messages sent to your phone upon receiving information retrieval requests from you. Common types of interactive messages are account information checks, real-time balance checks, exchange rate inquiries, interest rates, service unsubscriptions, etc. Interactive messages are only responded to when you compose an SMS request following the bank's prescribed format.
2. Registration fees for SMS alerts on balance fluctuations from various banks
According to Mytour's research, currently, most banks waive the registration fee for the service of receiving SMS alerts on balance fluctuations for customers.
3. Comparison of fees for using SMS Banking balance fluctuation alerts from various banks
Generally, the fees for using SMS Banking balance fluctuation alerts from different banks typically range from 8,800 - 15,000 VND/month.
However, if you use the SMS notification service for balance fluctuations from MBbank, the monthly SMS fee you have to pay will be divided according to the type of card and the corresponding card level, averaging from 12,000 - 100,000 VND/month.
Maintenance fees, SMS reception fees for balance fluctuation alerts from various banks
