Send Money to Vietnam With a Great Rate

Information verified correct on January 20th, 2017

vietnamFind the best exchange rates and the lowest fees when you send an international money transfer to Vietnam.

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Vietnam doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the most Vietnamese dongs for your dollar.

If you need to send money to Vietnam from the United States, you have plenty of options to choose from. All you have to do is shop around for a safe, secure and affordable transfer method.

Rates last updated January 20th, 2017

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Payoneer International Money Transfers
Send Mass Payments To Your ... Send Mass Payments To Your Payees Worldwide
USD 20
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
WorldRemit International Money Transfers
An online money transfer service ... An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.
USD 500 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
Transferwise International Money Transfers
Make online transfers in a ... Make online transfers in a range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money between 20 currencies ... Transfer money between 20 currencies and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Currencies Direct International Money Transfers
$0 online transfer fee that ... $0 online transfer fee that you can access 24/7.
USD 100 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Exclusive offer: Special exchange rates ... Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com exclusive exchange rates and $0 transfer fee on all transfers.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
Rates are always
changing, click to check
your price today
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TorFX International Money Transfers
TorFX guarantee to beat any ... TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply
USD 150 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More

How do international money transfers work?

An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country — in this case, Vietnam. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country.

Banks versus money transfer companies

We use our banks to take care of all our other financial needs, so surely we should use them when we need to send an international money transfer, right? Not necessarily. While major U.S. banks offer money transfer services, they usually present less competitive exchange rates coupled with high transfer fees.

Another option you should explore is to send money to Vietnam with a money transfer company. These providers, such as OFX and Xoom, specialize in handling overseas money transfers, combining competitive exchange rates and lower fee structures. Some providers will waive the fee altogether if you transfer more than a set amount, making it more affordable to send funds overseas.

Case Study: Henry Sends Money to Vietnam

Henry needs to send $1,000 to his parents in Hanoi, Vietnam, but when he asks his bank to send the funds he is disappointed by the exchange rate it offers. He decides to compare the services of two money transfer providers. The details of his comparison are shown in the table below.

Money transfer company 1Money transfer company 2
Exchange rate$1 USD = $21,315.9209 VND$1 USD = $21,980 VND
Transfer fee$5$3
Transfer methodBank account depositBank account deposit
Processing time4 business days4 business days
Amount received (in VND)$21,315,920.90$21,980,000 VND

As you can see, Henry’s parents will receive $664,079.10 dongs more if he sends his funds with the second transfer company.

How to compare transfer companies when transferring money to Vietnam

  • Exchange rates. The higher the exchange rate you can get, the more money will make it into your recipient’s pocket. Just be aware that some companies that offer high exchange rates also charge high transfer fees.
  • Fees. You’ll need to fork over cash in order to get your funds transferred, but some companies will let you avoid a transfer fee if you send a large amount.
  • Transfer methods. Online, over the phone, at a branch and through a mobile app are some of the transfer methods available from different companies.
  • Transfer options. While some companies only offer one-time transfers, others will allow you to set up recurring payments and make forward contracts, which allow you to lock in an ideal exchange rate now and transfer the money later.
  • Turnaround time. Processing times can be as quick as a few minutes or as long as several business days, so this may be important if you want your funds to arrive as soon as possible.
  • Minimum amount. Check the fine print provided by each provider to see if they set a minimum transfer limit. A high minimum limit can restrict your options if you just need to transfer a small sum.
  • Pickup methods. Services range from bank account deposits to cash pickup and even home delivery.
  • Customer service. Will assistance be easily accessible if you require help with a transaction?
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Foreign exchange rates explained
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

How to send money to Vietnam from America

  • Bank transfers. Approach your bank for details on how to send a secure wire transfer to a bank account in Vietnam.
  • Online money transfer providers. Online transfer companies offer a cheap, convenient and safe way to send funds to Vietnamese bank accounts.
  • Money transfer companies with cash pickup options. Companies like Western Union allow your recipient to collect the cash you send from agents across Vietnam.
  • PayPal. PayPal offers a simple and convenient online money transfer solution.
  • Checks. You may also wish to obtain an international check from your bank to send overseas.
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Emergency cash transfers in Vietnam

Urgent transfers typically attract poor exchange rates and higher fees than normal transfers, so make sure you’re fully aware of how much the transfer will cost you before you send it. Not only will it mean more money makes it to your recipient, but you can also increase your cost savings.

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Tips for picking up cash in Vietnam

If you need to pick up a cash transfer from an agent in Vietnam, take note of these simple safety tips.

  • Take a friend along for protection.
  • Don’t advertise your money to strangers.
  • Be aware of your personal security at all times.
  • Deposit the money into your bank account as soon as possible.
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How to send money to Vietnam

Depending on the money transfer provider you choose, you may need to register for an account before you can send your funds overseas. This will usually mean having to provide:

  • Your name
  • Your email address and phone number
  • Your address
  • Photo ID (for example, a driver’s license)

Most companies will give you a transaction reference number or receipt, which you can use to monitor the progress of your funds as they make their way to your recipient.

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US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

OFX International Money Transfers

Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com exclusive exchange rates and $0 transfer fee on all transfers.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

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