Opening a Sacombank bank account

Opening a Sacombank Bank Account (Saigon Thuong Tin Commercial Joint Stock Bank) is a common query for those looking to utilize the services of this bank. With the desire for everyone to have an account at Sacombank for convenient transactions, Mytour will provide you with detailed steps and instructions below.

Opening a Sacombank bank account

To open a Sacombank bank account, you need to know what documents to bring, the account opening fees, and the procedure for registering.

Requirements for opening a Sacombank bank account

*) Individuals aged 18 and above

*) Bring necessary documents such as ID card (CMTND), residence card, or passport to the transaction counter

*) Fill out the account opening form provided by the bank

Types of Sacombank bank accounts

In addition to payment accounts, Sacombank also offers other account packages such as New Combo 1, New Combo 2, and VIP accounts.

*)Payment account:

Used for transactions such as transfers, withdrawals, bill payments, phone top-ups,... with 0.3% interest rate. This service package only includes individual payment accounts but is quite popular and trusted by many customers nowadays. This product applies to currencies including USD, VND, and other foreign currencies.

*) New Combo 1 Package: Unlike payment accounts, New Combo 1 includes a complete package of both payment accounts, SMS alerts for balance fluctuations sent to mobile phones combined with an ATM card.

*) New Combo 2 Package: By using this service package, customers will experience a complete package including payment accounts, SMS Banking, ATM card, and Internet Banking.

*) VIP Account Package: This service package includes a complete package of products besides the VIP payment account such as Visa debit card, balance alert messages, and internet banking.

Account Opening, Deposit, Withdrawal Fees at Sacombank

*) Sacombank Account Opening and Maintenance Fees

Payment account:

- Minimum deposit amount when opening and maintaining the account: 50,000 VND

- Account management fee: 5,500 VND/month or 1 USD/month

New Combo 1 Package:

- Minimum balance when opening and maintaining the account: 50,000 VND

- Account management fee: not applicable

New Combo 2 Package: Similar to Combo 1 package as it applies the minimum account opening and maintaining balance of 50,000 VND.

VIP Account Package: The minimum balance required when opening and maintaining the account is 500,000 VND.

*) Cash withdrawal at transaction counter

- Withdrawal within the day from domestic banks: Fees range from 20,000 to 2,000,000 VND.

- Cash withdrawal in foreign currency: Minimum of 2 USD (for US dollars) and minimum of 3 USD (for other currencies such as Euro, Singapore dollar,...).

*) Bank transfer:

- Within the same system: Free (same province), from 1 USD to 20 USD (different province/city), from 20,000 to 1,000,000 VND (with ID card).

- Outside the system: From 20,000 to 1,000,000 VND (same province), from 25,000 to 1,000,000 VND (different province and with ID card).

How to Open a Sacombank Bank Account

Opening a Sacombank Bank Account at the Transaction Counter

Step 1: Choose the nearest Sacombank branch/transaction counter to your residential area

Step 2: Visit the transaction counter and request to open a bank account

Step 3: The staff will ask you to present documents and provide an account opening form

Step 4: After the customer fills in all the information such as name, phone number, address, ID card number,... then submit it to the bank staff. Note that you need to fill in the registration information accurately, especially remembering the signature you used so that when you need to withdraw money, transactions at the counter will be easy to execute.

Step 5: After the staff verifies the information, they will proceed to open an account for the customer.

Step 6: You will receive personal documents (ID card/passport) after completing the regular payment account opening procedures. If customers want to register for combo packages including ATM cards, they have to wait for the appointment to pick up the card within about 1 - 2 weeks.

Sacombank account opening form provided by the bank.

Open a Sacombank bank account online

Step 1: Customers access the website sacombank.com

Step 2: You will see the 'Quick Registration' section right on the bank's homepage

Step 3: Choose the individual customer => select 'Register Online Services' => select 'Register online payment account and combo' => Fill in personal information in the box below and select 'Register'.

Recommended services to open a Sacombank account

*) SMS Banking

Using SMS Banking service when opening a Sacombank account brings many benefits to users, especially querying account balance information, checking the latest 5 transactions,... Customers who register to use SMS Banking will be able to know information about transactions, balance fluctuations accurately to ensure the safety of the account.

The registration fee for SMS Banking is 10,000 VND/month (first month is free) for regular payment accounts; other packages are discounted by 30%, 40% or free depending on each case. Refer to how to register for Sacombank Internet Banking here

*) Internet Banking/Mobile Banking

Similar to SMS Banking, Internet Banking/Mobile Banking is a service that customers should register for when opening an account. The notable advantage of this service is that you can transfer money, top up your phone, pay bills,... quickly and easily through the apps as long as you have internet connection.

The Internet Banking/Mobile Banking service fee is 40,000 VND/quarter (free for the first quarter of use) for regular payment accounts and New Combo 1. For debit cards and VIP account SMS Banking, Internet Banking services are completely free if the monthly balance reaches a minimum of 50,000,000 VND. For Combo 2, there will be a 40% discount compared to the regular payment account package.

With internet banking, you can log in directly on the bank's website via a computer connected to the internet using the password and username provided by the bank. Additionally, for convenient money transfers and online payments, you need to download the Sacombank mbanking app on your phone. The login method is similar to internet banking on a computer.

Here are the guidelines for preparing procedures and steps to open a Sacombank bank account quickly and conveniently. Having an account at the bank, you will experience payment services, financial exchange, saving time and effort. Therefore, if you intend to open a Sacombank bank account, you can refer to the methods introduced by Mytour. Additionally, readers can also refer to how to open a Saigonbank bank account, Ocean Bank,... to increase more options for themselves.