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What are the procedures and documents required when changing dollars and what issues should be kept in mind when changing dollars? Those are the common questions about changing dollars. Therefore, for more information and knowledge about changing dollars at the bank, please follow this article with Tnhelearning.edu.vn.
What is foreign currency?
Foreign currency is known as the currency of another country and is exchanged for domestic currency
Foreign currency is known as the currency of another country and is exchanged for domestic currency through the process of payment or investment. It can be understood that visitors from Vietnam to the US, the US dollar is called a foreign currency. And if you want to use it, you must make a conversion from VND to USD.
Procedures for foreign currency exchange at the bank
Procedures for foreign currency exchange at Vietcombank
Procedures for foreign currency exchange at Vietcombank
To exchange or buy and sell foreign currency at Vietcombank, you need to prepare the following procedures:
– When you want to change foreign currency, you need to prepare your identity card (ID card, passport) and foreign currency amount to the bank’s transaction offices to do foreign currency exchange procedures at Vietcombank. .
– When you want to buy foreign currency, you need to bring your identity card (passport, identity card) and VND, documents proving the purpose of using foreign currency (travelling, working, studying abroad, etc.) …) to the bank.
Benefits when exchanging foreign currency at Vietcombank:
– Having strengths in foreign currency capital and providing many different types of foreign currencies to help meet the needs of customers.
– Customers can choose to trade in many different currencies.
– Consulting staff helps customers get the best solution while avoiding all risks in their operations.
– Simple procedures, fast.
Procedures for foreign currency exchange at Vietinbank
Procedures for foreign currency exchange at Vietinbank
To exchange foreign currency you need to prepare the following procedures:
– Documents proving the purpose of using foreign currency (procedures for buying foreign currency at banks are required).
– Letter of request for foreign currency trading (for customers who want to buy foreign currency at the bank).
– Other necessary papers and documents as prescribed by the State bank of Vietnam.
– List of currencies you want to sell to the bank (for customers who want to sell foreign currency at the bank).
Benefits when exchanging and buying and selling foreign currencies at Vietinbank
– Competitive rates among banks
– Transaction network covering all over Vietnam
– Can choose payment time: In the day / next day / 2 days later.
Procedures for foreign currency exchange at BIDV bank
Procedures for foreign currency exchange at BIDV bank
Register directly at the bank:
– Living expenses for international students: Prepare documents to prove including valid passport/visa, air ticket or other means of transport. If you do not have a visa, you need to prepare an admission notice or a document confirming that you are a student studying abroad at a school abroad.
In case there is no proof, they will only be able to buy up to 5,000 USD in exchange/person/time.
– Going abroad for medical treatment: Prepare documents including valid passport/visa, air ticket or other means. Medical examination and treatment papers or letters of recommendation to go abroad for medical treatment.
In case there is no proof, they will only be able to buy up to 10,000 USD in exchange/person/time.
– Travel, business: Prepare documents including valid passport/visa, air ticket or other means. Decision to send on business trip in case of business trip.
In case there is no proof, they will only be able to buy up to 5,000 USD in exchange/person/time.
Register online:
Documents for foreign currency exchange in online banking include valid ID card, ID card or passport and other supporting documents. Then follow these steps:
Step 1: Visit BIDV’s online website, then select the register to buy foreign currency.
Step 2: Fill in all the information as instructed such as full name, date of birth, identity card number, phone number, email, etc. Boxes marked with * are required to be filled in.
Step 3: Enter the OTP that the bank sends to your phone for confirmation.
Step 4: After receiving your application, the bank will check your profile and respond via text message sent to you.
Step 5: Customers come to BIDV bank by appointment and bring all documents and documents for the bank to compare and perform foreign currency trading transactions.
Benefits when exchanging, buying and selling foreign currencies at BIDV:
– Wide network of banks across the country
– BIDV is the first bank in the application to sell foreign currency through IBMB
– Many years of experience in foreign currency trading and foreign exchange trading in the market.
Procedures for foreign currency exchange at Agribank
Procedures for foreign currency exchange at Agribank
– Customers must present full documents with information on the purpose of using foreign currency, quantity and type of foreign currency to be paid. Commitment to use the amount of foreign currency transacted for the right purpose according to Vietnam’s regulations on foreign exchange management.
– Fill in all necessary information in the contract of sale and exchange of foreign currencies
– Present your identity card, citizen identification card or passport.
Benefits when exchanging, buying and selling foreign currencies at Agribank:
– Competitive rates
– There are many different types of foreign currencies to suit the needs of customers
– Wide transaction network across the country
– Procedures for foreign currency exchange at banks are convenient and fast.
Conditions to buy USD from the bank
Conditions to buy USD from the bank
According to the provisions of the law, the object to buy USD from the bank is as follows:
– Being a citizen of Vietnam will be entitled to buy foreign currency in cash at licensed credit institutions to meet spending needs in the following cases: Studying, working, traveling, visiting or visiting medical treatment abroad.
– If you are a foreigner with a lawful source of income in Vietnam, you may purchase foreign currency in cash at credit institutions licensed by the state and in accordance with current regulations on foreign exchange management. .
– Individuals may sell foreign currency for cash at authorized credit institutions in accordance with current regulations on foreign exchange management of the State of Vietnam.
Note when doing foreign currency exchange procedures at the bank
Note when doing foreign currency exchange procedures at the bank
Currently, there are many banks conducting transactions of buying, selling and exchanging foreign currencies. Each bank will have different exchange rates, limits, conditions and procedures for buying and selling foreign currencies for different banks. Therefore, before making a transaction, you should learn in detail about the exchange rate and limit to have the best choice.
Tnhelearning.edu.vn has sent you information about the procedure to change dollars. If you are still confused about the procedures and conditions, please do your research and learn more.
See more:
>> Conditions and procedures for Agribank loan
>> Conditions and procedures for bank loans
>> The most detailed guide to getting a passport for the first time
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