Since December 23rd, 2022 Vietcombank (VCB) officially launch SWIFT low value cross-border payment (SWIFT Go).
SWIFT Go is a service in which VCB initiates outgoing payment orders and processes low value cross-border payment orders according to SWIFT's general rules for SWIFT Go service. Currently, VCB processes SWIFT Go payment orders with value not exceeding 10,000 USD or 10,000 EUR. For outgoing payment orders, beneficiary bank needs to meet certain conditions of SWIFT and VCB from time to time.
Vietcombank headquarter office in Hanoi
SWIFT Go is suitable for frequent and low value cross-border payment transactions such as payment of tuition fees, medical expenses, shopping, travel... of individual customers and small and medium-sized enterprises (SMEs).
SWIFT Go brings numerous benefits to customers such as:
- Credit full amount to beneficiary
- Increased speed
- Competitive fees for remitters than other international payments via SWIFT
- Predictability about amount, time, fee, FX rate (if any) and tracking
- Strong security of the SWIFT network
For more information, please contact the nearest Vietcombank branch or call Customer Service 24/7 via hotline 1900 5454 13.
VCB News