Latest Vietcombank Branches Swift Codes

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Vietcombank Swift Code

1. What is Vietcombank's Swift Code?

2. Vietcombank Swift Code

3. What is Vietcombank's Swift Code used for?

4. How to Use Vietcombank's Swift Code

A Swift Code for Vietcombank consists of 8 characters and is used for conducting international money transfer transactions through Vietcombank. According to conventions, each VCB branch will have a different Swift Code used to identify the bank branch where users conduct transactions.

When sending money from abroad to Vietnam using services like Money Gram, Uniteller, Xoom, or withdrawing funds from Payoneer/Paypal accounts to Vietcombank, users need to know Vietcombank's Swift Code. So, what is Vietcombank's Swift Code? How to look up Vietcombank's Swift Codes for different branches? Let's find out the answers with Mytour in the article below.

Understanding Vietcombank's Swift Code: How to Find Swift Codes for Vietcombank Branches

Article Contents:
1. What is Vietcombank's Swift Code?.
2. Vietcombank Swift Code.
3. What is Vietcombank's Swift Code used for?.
4. Guide to using Swift Code.

Vietcombank Swift Code

1. What is Vietcombank's Swift Code?

Vietcombank Swift Code is an 8-digit number used by banks in the Swift system (Society for Worldwide Interbank Financial Telecommunication) to identify the bank name, country, location, and Vietcombank branch where individuals/organizations register cards and conduct transactions.

In the market, the SWIFT code is also known as BIC, which stands for Business Identifier Code.

2. Vietcombank Swift Code

Currently, the Swift Code for Vietcombank's head office is BFTVVNVX.

Where:

- BFTV (Bank for Foreign Trade of Vietnam (VietcomBank)): This alphanumeric sequence identifies the Joint Stock Commercial Bank for Foreign Trade of Vietnam.

- VN: Country code for Vietnam

- VX: Local identifier code for the transaction office location of Vietcombank.

Structure of Vietcombank's Swift Code

* Swift Codes for Vietcombank Branches

If you need to find the Swift Code for Vietcombank branches in Hanoi, Danang, Ho Chi Minh City, etc., for sending/receiving money, readers can look up Vietcombank's Swift Codes at various branches in the table below.

Vietcombank's 2021 Swift Codes at branches nationwide

3. What is Vietcombank's Swift Code used for?

When conducting transactions to transfer/receive money from abroad to Vietnam and vice versa, the SWIFT code of Vietcombank will be used to identify the sending/receiving bank, which is Vietcombank.

In addition, the SWIFT code plays a crucial role in international transactions. With the SWIFT code, banks can both limit sending money to the wrong recipient and optimize costs incurred in each transaction. At the same time, the processing time for transferring or receiving money from abroad will be faster than usual.

* Cases Requiring the Use of Vietcombank's Swift Code

Case 1: Receiving international money transfers through Vietcombank:

+ Receiving money from abroad: Senders from overseas can send international transfers to any bank and request international money transfer to recipients in Vietnam through Vietcombank.

+ Receiving global payments via Money Gram

+ Receiving fast money from the US through Uniteller at Wellsfargo Bank, via TNMonex, and via Xoom and MoneyPOLO services

+ Transferring money from Vietnam to abroad through Vietcombank

Case 2: Domestic Money Transfers

In this case, when transferring money from abroad to Vietnam (senders can send money to any international bank and request money transfer to recipients in Vietnam through Vietcombank), Vietcombank's Swift Code is a mandatory element you need to provide for successful money transfer.

4. How to Use Vietcombank's Swift Code

When using a Vietcombank card account to transact with banks in the international banking system, Vietcombank users need to know their Vietcombank Swift Code in order to complete the transaction. For domestic transactions (money transfers/online savings/government bill payments), Vietcombank users can easily conduct transactions with the assistance of transaction staff or through applications such as Vietcombank, BankPlus, etc., without worrying about Swift Codes.

* Sending Money from Abroad to Vietnam Using Vietcombank's Swift Code Procedure

To use Vietcombank's Swift Code, individuals transferring money from abroad to Vietnam need to provide the following information to Vietcombank's affiliated partners or agents abroad:

- Step 1: Fill in the transfer form with complete information: including recipient's full name, account number; recipient's bank: Name, address, and Swift code of Vietcombank branches.

Example: Bank For Foreign Trade of Vietnam, Hochiminh Branch, 29 Ben Chuong Duong, Dist.1, Hochiminh City, Vietnam with SWIFT CODE BFTVVNVX007 and CHIPS UID CH343773.

- Step 2: Submit the foreign remittance form to the bank staff, deposit the transfer amount + transfer fee, and receive the transaction receipt.

need to be accurate, transfer fee, receive the receipt and..

* Procedure for Receiving Foreign Remittances in Vietnam

+ For customers receiving cash at Vietcombank's counter: You need to bring your valid ID card and receipt (if any) to Vietcombank's transaction point to complete the money receiving procedure.

+ For customers receiving money into Vietcombank accounts: You can withdraw money at over 1,500 Vietcombank ATMs or thousands of ATMs of other banks connected to Vietcombank nationwide.

Above, Mytour has provided you with detailed information about Vietcombank's Swift Code, VCB bank Swift Code used for transactions with international banks. We hope this knowledge will be useful to you, helping you look up Vietcombank's Swift Code at the nearest branches and perform international money transactions quickly and easily. Additionally, you can find more Swift Codes of other banks Here.

If you frequently use Paypal or Payoneer accounts for international payments and transactions, you need to refer to our article: Comparing Payoneer with Paypal, which one is better and has lower fees. The article will provide you with detailed information on how to create accounts, usage methods, and fees for each type of payment account, helping you compare and find the best account for you.

Frequently Asked Questions

What is the purpose of Vietcombank's Swift Code in transactions?

Vietcombank's Swift Code is crucial for identifying the bank during international money transfers. It ensures funds are sent to the correct bank branch, minimizing errors and expediting transaction processing.

How can I find the Swift Code for different Vietcombank branches?

You can find the Swift Code for various Vietcombank branches by consulting the bank's official website or by checking a comprehensive list of codes available online, which provides specific codes for each branch.

What steps do I need to follow when using Vietcombank's Swift Code for international transfers?

To use Vietcombank's Swift Code for international transfers, fill out the transfer form with the recipient's details, including their bank's Swift Code, and submit it along with the transfer amount and fees.

Is it necessary to provide Vietcombank's Swift Code for domestic transfers?

No, providing the Swift Code is not necessary for domestic transfers within Vietnam. Domestic transactions can be completed easily using local banking details without needing the Swift Code.

What information do I need to include when filling out the international transfer form?

When completing the international transfer form, include the recipient's full name, account number, bank name, branch address, and the specific Swift Code of the Vietcombank branch to ensure a smooth transaction.

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