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Opening a Saigonbank Bank Account
With the aim of executing financial transactions swiftly, many individuals intend to open a Saigonbank bank account. So, what is the procedure for opening a Saigonbank bank account (Saigon Commercial Joint Stock Bank)? What are the accompanying services customers should consider when opening an account?
Requirements for Opening a Saigonbank Bank Account
Before opening a Saigonbank bank account, you need to familiarize yourself with the requirements and necessary documents to bring to the transaction counter. Banks typically require the account holder to be at least 18 years old and have full legal capacity. Specifically, the national identity card (ID card)/citizenship card/passport is the essential document that customers need to bring to open a Saigonbank bank account.
Opening, Depositing, and Withdrawing Fees at Saigonbank Bank Counters
Account Opening and Maintenance Fees
- Account Opening: Free of charge
- Minimum Balance: 200,000 Vietnamese dong (Vietnam); 50 USD (US Dollar); other currencies (not maintained)
- Account Maintenance Fee: 100,000 Vietnamese dong per year (average balance less than 200,000 dong)
- Account Closure Fee: 20,000 Vietnamese dong or 2 USD (foreign currency)
Cash Deposit into Account
- Same province/city: Free of charge
- Different province/city: Own account (10,000 - 300,000 dong); Other account (10,000 - 1,000,000 dong)
Withdraw Cash from Account at Counter
- Same province/city: free of charge; if withdrawn within 2 days from depositing into the account (10,000 - 1,000,000 dong)
- Different province/city: From 10,000 dong - 1,000,000 dong; withdrawal within 2 days from deposit (20,000 dong - 1,000,000 dong).
Bank Transfer
- Within the system: Free of charge; receive by ID card (10,000 dong - 500,000 dong)
- Outside the system:
+) Same province/city: Less than 500 million dong and before 2 PM (10,000 dong/item); less than 500 million dong and urgent transfer (minimum 20,000 dong); from 500 million dong and above (50,000 dong - 1,000,000 dong)
+) Different province/city: From 20,000 dong - 1,000,000 dong
How to open a Saigonbank bank account
To open a Saigonbank bank account, simply bring your ID card/passport/citizenship card original to any branch. When requesting to open a bank account, the teller will give you a registration form to fill out with your personal information. After completing the form, you will submit it to the bank staff for verification against your ID card. Once the procedures are completed, the staff will open an account for you. If you wish to have an ATM card when opening an account, the teller will give you an appointment slip to collect the card. The process of opening a Saigonbank bank account takes only about 20 - 30 minutes.
Registration form for opening a Saigonbank bank account
Services to consider when opening a Saigonbank bank account
SMS Banking
- Registration fee: Free
- Maintenance fee:
+) Standard (information inquiry only): 10,000 dong/month
+) OTP (information inquiry and transaction execution): 20,000 dong/month
+) PKI (information inquiry, transaction with digital certificate): 30,000 dong/month
- Service cancellation fee:
+) Standard: 10,000 dong
+) OTP and PKI: 20,000 dong
