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In a previous article, Mytour shared insights on transferring money from the U.S. to Vietnam. In this article, we'll guide you on how to transfer money from France to Vietnam safely, effectively, and quickly. Feel free to check it out.
How long does it take for foreign countries to send money to Vietnam?
I. Safe and Effective Money Transfer from France to Vietnam
With the increasing demand for international money transfers, numerous service companies have emerged, some of which lack credibility. Hence, it's crucial to find a reputable and trustworthy money transfer service to ensure the safety of your funds and personal information. Here are some reliable and secure options for money transfer services:
1. Sending Money from France to Vietnam through Banks
Most major banks in Vietnam have affiliations with banks worldwide, including those in France. Therefore, you can easily and securely transfer money between France and Vietnam through banks.
2. Sending Money from France to Vietnam via a Service Company
Not only banks, but many companies also offer international money transfer services. Among them, sending money from France to Vietnam through Western Union and Money Gram is the most popular choice. Compared to transferring money through banks, using a company for the transfer has simpler procedures, quick transfer/receipt of money, but higher service fees.
To send money from France to Vietnam through a company, you should visit the branch of the international money transfer service company. After requesting the money transfer service, the staff will provide a money transfer form and guide you to fill in the necessary information.
After that, you will be given a corresponding reference number by the staff. For Western Union, the reference number consists of 10 digits, while for Money Gram, it consists of 8 digits. With the assigned reference number, you send it to the recipient for them to provide at the correct branch along with the reference number, personal documents, and only then can the recipient receive the money.
II. Transfer Fees from France to Vietnam
Every bank and international money transfer service company applies different policies, procedures, and service fees, competing with each other, ranging from 25 to 30 USD per transaction. To save on service fees, instead of making multiple small transfers, it's advisable to consolidate and send in one go. Alternatively, if you want to avoid transfer fees altogether, you can ask acquaintances planning to go to Vietnam to transfer money on your behalf.
III. How Long Does It Take to Transfer Money from France to Vietnam?
The duration of international money transfers varies depending on the regulations of each organization.
The method of money transfer varies for each party, so the transfer times to Vietnam differ accordingly:
- Transfer via bank: From the time of transfer, it takes 3 - 5 business days for the recipient to receive the money.
- Transfer via company (Western Union, Money Gram): Swift and efficient, occurring within the day, and in some cases, the recipient can receive the money in as little as 30 minutes after the transfer.
IV. Considerations when transferring/receiving money from France to Vietnam
- In most cases, services charge fees based on the number of transfers, and fees for transfers through companies are relatively high. If there is no urgent need and you want to save costs, it's advisable to consolidate multiple transfers into one.
- The sender needs to accurately and clearly record the recipient's information. The recipient should bring personal identification documents and remember the reference number (if sent through a company). Then, fill in the required information, matching it with the recipient's details to receive the money.
Depending on your needs, you can choose to transfer money from France to Vietnam through a bank or an international money transfer service company. Each service has its own advantages and disadvantages, so careful consideration is essential.
