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Fees and charges applicable to transactions in VND

SCHEDULE A- FEES AND CHARGES APPLICABLE TO TRANSACTIONS IN VND

(Issued together with the Decision No. 2952/QD-NHCT10 of December 29th2008)

DESCRIPTION

FEE/CHARGE RATE
(Excluding VAT)

RATE

MINIMUM

I. DEPOSIT ACCOUNT SERVICES

1. Opening of deposit account

Waived

 

2. Minimum balance required to open and maintain current account:

   

     - For organization : VND 1,000,000

   

     - For individual: VND 100,000

   

3. Minimum balance required to open term deposit account:

 

 

(The minimum balance of  term savings shall follow the prevailing regulation on savings of VietinBank)

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

   

4.1.  For organization

VND 3,000/day

 

4.2.  For individual

VND1,000/day

 

5. Cash deposit into account:

   

5.1. Depositing cash into deposit account at VietinBank branch that opens such account

Waived

 

5.2. Depositing cash into deposit account opened at another VietinBank branch in the same province (city)

0.02 %  of the deposit amount

VND 10,000/item

5.3. Depositing cash into deposit account opened at another VietinBank branch in different province (city)

0.05 % of the deposit amount

VND 20,000/item

6. Cash withdrawal from deposit account

   

6.1 Cash withdrawal from deposit account at VietinBank branch that opens such account

Waived

 

6.2. Cash withdrawal from deposit account opened at a different VietinBank branch in the same province (city) (beyond the provisions of item A013)

0.02 % of the amount

VND 10,000/ item

6.3 Cash withdrawal from deposit account opened at a different VietinBank branch in different province (city) (beyond the provisions of item A013).

0.05 % of the amount

VND 20,000/item

6.4 Withdrawal is made in cash or by account transfer within 3 business days since the cash is deposited into demand deposit account or  5 business days since the cash is deposited into term deposit account (at VietinBank branch that opens such account).

0.02 % of the amount

VND 10,000/item

6.5 Withdrawal is made in cash or by account transfer within 3 business days since the cash is deposited into demand deposit account or  5 business days since the cash is deposited into term deposit account (at a VietinBank branch other than the account-opening branch).

0.02 %/amount (+)  A011/ A012 or equivalent transfer fee

VND 20,000/ item

6.6 Cash withdrawal from individual deposit account which is credited by cheque or account transfer within the business day.

0.02 %/withdrawal amount

VND 10,000/item

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

   

7.1 For individual:

VND 20,000/ account

 

7.2 For organization:

VND 100,000/ account

 

8. Reactivation of closed account:

   

8.1 For individual:

VND 20,000/ account

 

8.2 For organization:

VND 100,000/ account

 

II. REMITTANCE AND PAYMENT SERVICES

1. Outward remittance from account

   

1.1 Fund transfer for beneficiaries holding  accounts at VietinBank

   

  Fund transfer between 2 accounts opened at the same VietinBank branch

Waived

 

  Fund transfer between 2 accounts opened at 2 branches of VietinBank in the same province (city) or the order-receiving branch is in the same province (city) with account-opening branch.

VND10,000/item

 

  Fund transfer between 2 accounts opened at 2 branches of VietinBank in different provinces (cities) or VietinBank branch receiving the order is in different province (city) with account opening branch

0.03% of the amount transferred

VND 20,000/item

1.2. Outward remittance to beneficiaries who will receive cash at VietinBank using their Identity Card or equivalent documentation.

   

- Receiving cash at a different  branch of VietinBank in the same province (city)/ or VietinBank branch receiving the order is in the same province (city) with account- opening branch

0.02%  of the amount transferred

VND 10,000

- Receiving cash at a branch of VietinBank in a different province (city)/ or VietinBank branch receiving the  order is in a different province (city) with account-opening branch

0.05% of the amount transferred

VND 20,000

1.3. Outward remittance to beneficiaries outside VietinBank system

   

a. Transfer to other banks outside VietinBank system in the same province (city)/ the order-receiving branch is in the same province (city) with account-opening branch 

   

  - Transfer via clearing house, bilateral payment etc.

VND 10,000/item

 

 - Transfer via inter-bank electronic payment (Citad)

   

  Before 11:30 (or after 11:30 but customer agrees to transfer on the following day) and the amount is less than VND 500 million.

VND 10,000/item

 

 After 11:30 (or the documents received before 11:30 but the amount is equal or larger than VND 500 million or customers request urgent transfer)

0.03% of the amount transferred

VND 20,000/item

b. Transfer to other banks in different province (city)/ or order-receiving branch is in different province (city) with account-opening branch

0.07% of the amount transferred

VND 30,000/item

2. Cash deposit for outward remittance

   

2.1 Outward remittance/payment to other branches in VietinBank system (Except for cash deposit to deposit account)

   

Transfer to a different VietinBank branch in the same province (city)

0.05% of the amount deposited and transferred

VND 20,000

Transfer to a VietinBank branch in different province (city)

0.07% of the amount deposited and transferred

VND 20,000

2.2. Cash deposit for transfer to other banks outside VietinBank’ system

0.07-0.1%  of the amount deposited and transferred

VND 20,000

3. Inward remittance from other banks for cash withdrawal at VietinBank (beneficiaries do not have deposit accounts)

0.05%  of the amount withdrawal

VND 20,000

4. Inward remittance from other banks to credit the current account opened at a different branch of VietinBank

0.03-0.05% of the  amount transferred

VND 20,000/item

III. LOAN SERVICES

(Loan-related fees can only be collected if allowed by the State Bank of Vietnam and VietinBank)

V. DOMESTIC GUARANTEE

1. Guarantee issuance:

   

1.1. Cash cover below 100%

1 - 2% /year

VND 300,000

1.3 Issuance of guarantee in foreign languages  (to be collected in addition to A301, A302)

VND 200,000

 

2.  Increasing the amount, extension

As issuance fee  

 

3.  Other amendments

Subject to agreement

VND 100,000/time

4.  Cancellation of guarantee

VND 100,000 each time

 

5. Payment of guarantee issued by VietinBank

0.2% of the payment amount

VND 100,000

VI. CASH AND VAULT, ASSETS MANAGEMENT, AND VALUABLE PAPERS

1. Cash collection/payment on behalf of customers

   

1.1 Cash collection/payment on behalf of customer at VietinBank

0.05% of the amount

VND 30,000

1.2 On-site cash collection/ payment at customer’s request

0.05% of the amount + arisen costs

VND 200,000

2. Withdrawal and change of banknotes unqualified for circulation

   

2.1 Torn and damaged banknotes during circulation

Waived

 

2.2 Torn and damaged banknotes because of preservation process

3.64% of the total amount exchanged

VND 1,818/item

3. Cash collection/sending in sealed bag:

   

3.1 Fees of collecting cash in sealed bag and crediting to deposit account on the same day

0.05% of the amount 

VND 50,000/item

3.2. Fees of sending cash in sealed bags

0.01% of the amount

VND 20,000/item

4. Keeping money, valuable papers and precious properties at the Bank’ vault

 Subject to agreement

VND 20,000/month 

VII. PROVISION OF SERVICE AND INFORMATION AT CUSTOMER’S REQUEST      (Applicable for those arisen in both VND and foreign currencies)

1. Advice of balance movement via SMS

VND 20,000/account/
month

 

2. Sending message for inquiry of account balance, the latest 5 transactions, exchange rates, interest rates etc. (To be collected from the account of mobile subscribers)

VND 1,000/message

 

3. Inquiry of transaction and account balance via telecommunication network

Waived

 

4. Confirmation of account balance       

   

4.1  Confirmation in Vietnamese :         

   

   - First copy

VND 10,000/account/
1 point of time        

VND 30,000/copy

   - Other copies of the same account

VND 10,000/copy

 

4.2  Confirmation in foreign languages

   

   - First copy

VND 30,000/account/
1 point of time           

VND100,000/copy

   - Other copies of the same account

VND 30,000/copy

 

5.  Provision of account statement

   

5.1 Detailed account statement provided periodically

Waived

 

5.2 Detailed account statement upon request:

VND 5,000 -10.000/page

VND 20,000/time

6. Providing copies of documents

   

6.1 Providing copies of documents filed within 1 year

VND 20,000/copy

 

6.2 Providing copies of documents filed over 1 year

VND 50,000/copy

 

7. Credit Advice to beneficiaries at customer’s request

VND 10,000/time

 

8. Verification of remittance information, payment information (at customer’s request)

VND 20,000/time

 

9. Receiving cheques, collection order for domestic collection

VND 10,000 /item

 

10. Settlement of domestic cheque and collection order

Collected via remittance fees

 

11. Cancellation of collection  at customer’s request

VND 15,000/item

 

12. Advice of cheques unqualified for payment (to be collected from the cheque issuer)

VND 20,000/advice

 

13. Advice of lost cheques

VND 200,000/advice

 

14. Advice of lost savings book, valuable papers (applicable to both VND and foreign currencies)

VND 50,000/document/each time

 

15. Blocking accounts opened and managed by VietinBank:

   

15.1 At request of other units within VietinBank

VND 50,000/detailed account/each time

 

15.2 At request of other banks or customers

VND 100,000/copy/a detailed account

 

16. Management of jointly-owned deposit account

VND 30,000/month

 

VIII. OTHER SERVICES

(Applicable to those arisen both in VND and foreign currencies )

1. Fees for loaning of documentation

Subject to agreement

Organization: VND300,000/time
Individual: VND100,000/time

2. Transfer of valuable papers issued by VietinBank, transfer of ownership of savings book maintained with VietinBank

VND 20,000/valuable paper/savings book

 

3. Repurchase of valuable papers before maturity date

0.05% of the discount value

VND 100,000

4. Consultancy services in monetary, capital management, payment, trade finance, re-financing, development investment project management, insurance service, lending consultancy service

Subject to agreement

 

5. Safe box for rent

Subject to agreement 

VND 90,000/month 

Cash collecting and crediting to a deposit account at VietinBank on behalf of customer subject to contract/agreement between customer and VietinBank

Subject to agreement

VND 5,000 /item

Payment on behalf of customer to beneficiary list from the account on the basis of contract/agreement between customer and VietinBank

Subject to agreement

VND 5,000 /item

6. Other services

Subject to agreement