Money Matters - Getting A Bank Account

Once you've found a job, you'll need a bank account to hold all your hard-earned cash.

To get a bank account, you need a work permit, residence permit, a work contract, a phone number, and a small amount of VND to make an initial deposit.

Photo : vnexpress.net

Usually, your employer will guide you through the process and will tell you exactly what to do. Vietcombank is the most commonly found one, and they have English-speaking employees, so it's a good option for expats.

After your initial deposit, you won't be able to deposit any more money into your account yourself. Only your employer can transfer and deposit money into your bank account. Moving money out of your bank account and sending it home is no problem. It's a bit complicated, but as long as you have all the documents you need, your money will be in your home account within two weeks.

Conversations (0)
Join the conversation
Your comment...
POST COMMENT VIEW ALL
Conversations
Join the conversation
CANCEL Remaining: 1500
ALL COMMENTS (0)
There are no comments. Add your comment to start the conversation.
read next
Getting Started as a Fresh Expat (Fresh-pat) in Saigon

Getting Started as a Fresh Expat (Fresh-pat) in Saigon

Vietnam's busiest hub has become a hotspot for expats over the past decade. And who could blame them? It's a magnificent place to live.

"Welcome to My Crib" - Finding Accommodation

"Welcome to My Crib" - Finding Accommodation

Arguably one of the most stressful things about moving to a new country is finding the perfect home. But there's no stress here!

"Show Me the Money" - Finding a Job in Saigon

"Show Me the Money" - Finding a Job in Saigon

Unless you speak Vietnamese, the job pool for foreigners in Saigon is limited.