ITEM

FEE/CHARGE RATE
(Excluding VAT)

RATE

MINIMUM

I. CUSTOMER’S ACCOUNT IN FOREIGN CURRENCIES

1. Account opening

Waived

1.1 Minimum balance required to open and maintain current account of organizations: USD 200 or equivalent foreign currencies

1.2 Minimum balance required to open and maintain current account of individual: USD 20 or equivalent foreign currencies

(customers (both individuals and organizations) are not required to immediately deposit the amount upon account opening but to keep the minimum balance when the account has balance for the first time)

2. Management and maintenance of current accounts that have balance below minimum level:

2.1  Maintenance of organization accounts that have balance below minimum level

USD 0.2 /day

2.2. Maintenance of individual accounts that have balance below minimum level

Waived

3. Receiving cash to credit to current account ( of individual/organization allowed to receive cash in foreign currencies)

0.20-0.70%

2USD

4. Cash withdrawal in foreign currencies from account

4.1 Cash withdrawal from current account

Cash withdrawal in VND

Waived

Cash withdrawal in USD

0.15%

2USD

Cash withdrawal in EUR

0.15%

2EUR

Cash withdrawal in other foreign currencies (if branches have cash in foreign currencies)

0.20%

2USD

4.2 Cash withdrawal from current account and savings account applicable to individual-customers having fund from overseas remittance source

 - Withdrawal made within 15 days from the date the account is credited

Cash withdrawal in foreign currencies is collected as per codes from B011 to B014

 - Withdrawal made after 15 days since the date the account is credited (at account-opening branch)

Waived

4.3. Cash withdrawal from deposit account at different branch of VietinBank (applicable both to savings account and current account)

- Cash withdrawal from a different branch of VietinBank in the same province (city)

1 USD/item

- Cash withdrawal at a VietinBank branch in a different province (city)

2 USD/item

4.4. Cash withdrawal from Fixed deposit account within 5 working day since cash is deposit into FD account

As per fee of Cash withdrawal in foreign currencies (Item 4.1)

5. Fees for closing current account at customer’s request

5.1 For individuals:

2 USD/account

5.2 For organizations:

5 USD/account

6. Reactivation of closed current account:

6.1 For individuals:

2 USD/account

6.2 For organizations:

5 USD/account

II. REMITTANCE, PAYMENT SERVICES

1. Inward remittance

1.1 Inward remittance from overseas banks:

0.05-0.1% of the amount of credit advice

2 USD

1.2 Inward remittance from overseas forwarded by other domestic banks outside VietinBank system

0.03%

2 USD

1.3 Remittance from overseas forwarded by other branches of VietinBank

0.03%

2 USD

1.4  Inward remittance from other domestic banks outside VietinBank’system

2USD/item

1.5 Forwarding messages received from overseas banks to other domestic banks

 3 - 5USD/1 message

1.6  Fees to be collected from remitting banks (including VAT) in case the payment order defines that remitting bank shall bear fees (OUR)

0.15%

10 USD

1.7 Cancellation of remittance order:

5 -10 USD 

1.8 Cash withdrawal  (for customers with no account at VietinBank):

- Cash withdrawal in VND

Waived

- Cash withdrawal in USD

0.15%

2USD

- Cash withdrawal in EUR

0.15%

2EUR

- Cash withdrawal in other foreign currencies (if any)

0.20%

2USD

1.9. Fees for re-creating and forwarding messages received from other banks to branches of VietinBank (applicable at arranging branch)

2USD/message

2. Outward remittance

2.1  Domestic remittance (excluding counting fees if customers deposit cash for outward remittance)

- Payment to beneficiaries in the same system of VietinBank

2USD/ item

- Payment to beneficiaries outside VietinBank system

0.03%

2USD/item+ fees of correspondent banks (if any)

2.2  Remittance to overseas:

 - Fees of VietinBank (excluding counting fees if customers deposit cash for outward remittance)

+ Remittance for  overseas study/ medical treatment

0.15%

5USD

+ Other remittance

0.18%

5USD

 - Fees of foreign banks (in case it is defined in the payment order that remitting person will bear fees (OUR)

+ Customers have accounts at VietinBank

To be collected as per fees of correspondent banks

15USD

+ Walk-in customers

15USD

2.3. Cancellation of outward remittance order

5 USD

3. Amendment/ verification of remittance (inward and outward remittance)

5 USD

4. Remittance via cross-border payment

 Outward remittance

Subject to agreement

0.1% of the amount transferred

 Inward remittance

Subject to agreement

0.05% of the amount transferred

III. TRANSFERABLE INSTRUMENTS

A. Travelers’ cheque

1. Selling of travelers’ cheques issued by foreign financial institutions

1.1 Collected in foreign currencies

- Cash

1.25%

2USD

- Account transfer

1%

2USD

1.2  Payment made by customer by Visa/MasterCard

3%

2. Encashing travelers’ cheques

2.1 For foreign currencies in cash

1.25%

2 USD

2.2 For VND  (as per exchange rate of buying foreign currencies in cash  at transaction time).

0.50%

2 USD

2.3  Depositing cheques to deposit account in foreign currencies

1%

2 USD

2.4  Depositing cheques to deposit account in VND (as per exchange rate of buying foreign currencies in cash at transaction time)

0.50%

2 USD

3. Travelers’ cheque sent for collection is returned unpaid

As per actual situation of foreign banks

10USD/1item

IV. COLLECTION

A. Outward collection

1. Sending for collection

1.1 Sending overseas for collection

- Banknotes unqualified for circulation

2 USD/banknote

- Commercial cheque/Draft

3 USD/cheque

- Set of documents

5 USD/set

1.2 Sending for domestic collection

- Commercial cheque/Draft

2 USD/cheque

- Set of documents

5 USD/set

2.  Settlement of collection

2.1 Settlement of overseas outward collection

- Banknotes unqualified for circulation

2% of credit advice value

1 USD

- Commercial cheque/Draft

0.17% of credit advice value

5 USD

- Set of documents

0.18% of credit advice value

20 USD

2.2 Settlement of domestic outward collection

- Commercial cheque/Draft

0.1% of credit advice value

2 USD

- Set of documents

0.15% of credit advice value

5 USD

2.3 Cancellation of collection at customer’s request

 2 -5 USD

2.4 Claiming back the rejected collection documents

10-20USD

B. Inward collection

1. Receiving and advising collection

1.1 Advice of inward collection

10 USD/time

1.2 Processing collection received from overseas

- Commercial cheque/Draft

1 USD/ cheque

- Set of documents

5 USD/set

1.3 Processing collection received from domestic banks

Waived

2. Settlement for collection

2.1 Settlement of inward collection from overseas

0.20%

20 USD

2.2 Settlement of inward domestic collection

0.15%

2 USD

2.3 Cancellation of collection at applicant’s request (collected from overseas banks)

20 USD

2.4 Rejection of settlement for collection

- To be borne by domestic customers

10 USD + message fees

- To be borne by overseas banks

20 USD + message fee

2.5 Endorsing bill of lading/authorization to receive goods

5 USD

V. DOCUMENTARY CREDIT

1. Exports

1.1 Advice of L/C

20 USD

1.2 Advice of amendments

15 USD

1.3 Advice of L/C received from the bank other than the issuing bank

15 USD + fees payable requested by other banks

1.4 Settlement of a set of documents

0.18%

20USD

1.5 Confirmation of L/C issued by correspondent banks

1.6%/year

50USD

1.6 L/C transfer

40 - 50 USD 

1.7 Processing a set of documents

Subject to agreement

20USD

1.8 Advice of export L/C cancellation

15 USD + message fee (if any)

1.9. Preparation of a set of  export L/C documents for customer

Subject to agreement

 30 USD

2. Imports

2.1 Issuance of L/C

0.15%/ value of L/C

50 USD

2.2 Issuance of amount increase amendment

0.15%/ of the increased value

20 USD

2.3 Other amendments

15 USD /time

2.4 Cancellation of L/C

15 USD

2.5 Acceptance of usance draft

1.2%/year /draft value (from the draft acceptance date to settlement date)

20 USD

( Not applicable to usance L/C with tenor less than 30 days after the Bill of Lading date or 30 days after sight)

2.6 Settlement of a set of documents

0.2% of the value of a payment item

30 USD

2.7 Commitment of payment for non  cash-cover portion of the import L/C

0.05%/month

30 USD

2.8. Guarantee for receipt of goods (in case bill of lading is not yet available)

50 USD

2.9. Penalty for late returning of guarantee for receipt of goods

 - Returning within 60 days since the date of guarantee issuance

Waived

 - Returning later than 60 days since the date of guarantee issuance

0.1%/month/guarantee amount

50 USD

2.10. Bill of Lading endorsement/ Issuance of authorization letter for receipt of goods according to L/C

5 USD

2.11. Processing of a set of documents

Subject to agreement

 10 USD

3. Forwarding L/C to the second advising bank

15USD

VI. GUARANTEE

1. Issuance of guarantee

1.1. In case of 100% cash cover

1%/year

30USD

1.2. In case of cash cover less than 100%

1-2%/year 

50 USD

2. Amendment of guarantee

2.1 Amendment for amount increase, extending term of guarantee

As per issuance of guarantee fee (item 1)

2.2 Other amendments

20USD

3. Settlement of a guarantee issued by VietinBank

0.20%

30USD

4. Barter agreement (on total trade amount)

2%/year

5. Advice of guarantee letter of other banks

30 USD

6. Advice of amendment of other banks’ guarantee letters

15 USD

7. Advice of cancellation of other banks’ guarantee

15 USD

8. Issuance of guarantee on the basis of reciprocal guarantee of other banks

As per terms and conditions applicable to correspondent banks

9. Settlement of guarantee issued on the basis of reciprocal guarantee of other banks

0.20%

10. Processing claims under inward guarantee letters

Subject to agreement

20 USD 

11. Settlement for inward guarantee letter

0.1% of credit advice

20 USD

12. Cancellation of guarantee letter

20 USD

VII. FOREIGN EXCHANGE TRANSACTIONS

1. Spot transactions

Waived

2. Forward and Swap transactions

Waived

3. Cancellation of forward transactions

1% -3% of the contract value

VND 300,000

4. Cancellation of spot transactions with value date later than the transaction date (excluding penalties under the contract)

0.05% of the contract value

VND 200,000

5. Options transaction

Subject to agreement

VND 200,000

6. Other derivative transactions

Subject to agreement

VND 200,000

VIII. FOREIGN CURRENCY EXCHANGE, ISSUANCE/CHANGE OF CERTIFICATE FOR CARRYING OUT FOREIGN CURRENCIES OVERSEAS

1. Exchanging small denominations for large denominations

3%

2 USD

2. Issuance of certificate for carrying out foreign currencies overseas:

0.15% of the amount certified

10 USD /time

3. Change of certificate

5 USD /time

IX. OTHER SERVICES

1. Collecting cash on behalf of customer

0.1% of the collected amount

3 USD

2. Payment on behalf of customer

Subject to agreement

3 USD

3. Verification of real/counterfeit banknotes in foreign currencies

0.2 USD/banknote

5. Authentication of correspondent banks’ test keys for domestic banks

Subject to agreement

15 USD 

6. Authentication of correspondent banks’ test keys and forwarding the related messages to domestic banks

Subject to agreement

25 USD 

7. Audit confirmation

30 USD

9. Other services at customer’s request

Subject to agreement

2 USD

X. SWIFT MESSAGE TRANSMISSION

1. Domestic

- LC opening  + guarantee issuance

15USD

- Other messages related to L/C and guarantee

5USD

- Remittance message and other messages

3USD

2. Overseas

- LC opening + guarantee issuance

20 USD

- Other messages related to L/C and guarantee

7 USD

- Remittance message and other messages

5 USD