Current Account
DEMAND DEPOSIT
SAIGONBANK absorbs demand deposits in VND and foreign currency of economic and social organizations, unions in diverse forms, given simple, fast-track procedures, and competitive interest rates.
1. Minimum balance required
VND account : VND 200,000
Foreign currency account: USD 50
Note:
Minimum balance required for both account opening and maintenance.
For foreign currency accounts, account opening must be in compliance with the prevailing regulations on foreign exchange control of the Government.
2. Interest rates
Interest rates per published by SAIGONBANK in certain period.
3. Opening application procedures
Customers must submit the sufficient opening application files including:
1. Account Opening Application form (SAIGONBANK form);
2. License of business formation, business registration certificate, investment permit (public notarized copy);
3. Proof of legal/eligible representative power of account holders such as Organization’s Assignment Decision made for the account holders, Power Attorney Certificate made by the origination’s legal representative for the account holders; Assignment Decision for the Chief Accountant; ID card or passport of those registered individuals to be attached;
4. Other documents including Tax Identify Certificate, Seal and Stamp specimen etc…
5. Signature specimen of account holders and chief accountant (if applicable).
4. Benefits
Non-cash local settlements of goods and services (bill payment of electricity, water, telephone, etc.), foreign trade settlements, authorized payout and authorized collection services, payroll services, depositing services… available through demand deposit current accounts;
Demand deposit current accounts meeting the need of foreign exchange dealing (spot, forward, swap) in compliance with the prevailing regulations on foreign exchange control of the Government;
Demand deposit current accounts enabling the services of bid bond, guarantee letter for contract performance or for payment upon request;
Internet Banking platform available for online shopping, distant transactions of the above services/facility settlements;
Demand deposit current accounts allowing an overdraft limit approved by SAIGONBANK;
Upon registration, Phone Banking Service available for clients’ free access to information on exchange rates, account balance, loans, SIBOR;
In order to ease your record and account management, SAIGONBANK offers the following:
Statements of account transaction sent daily and/or
Statements of account transaction sent to registered email;
Account information inquiry available by Internet Banking platform;
Account balance fluctuation noticed by SMS.
TIME DEPOSIT
SAIGONBANK absorbs time deposits of economic and social organizations, unions…
1. Tenors
Including the terms of 01 month, 02 months, 03 months, 06 months, 09 months, 13 months, 18 months and 24 months.
2. Currencies
In VND
In USD
For foreign currency accounts, account opening must be in compliance with the prevailing regulations on foreign exchange control of the Government.
3. Interest rates
Interest rates per published by SAIGONBANK in certain period.
4. Provisions
Principal withdrawal only allowed at maturity;
Interest and principal paid one-off at maturity;
Upon clients’ request, rolling into new similar tenor available for principal and accrual interest if no withdrawal made at maturity; In case of no such request made at maturity, rolling of both interest and principal into demand deposit (current accounts) to be made by SAIGONBANK.
In case of pre-mature withdrawal, demand deposit interest rate applied to the withdrawn amount;
5. Benefits
Various deposit tenors available for clients’ choice, given competitive interests and simple procedure.
Idle funds converted into the time deposits to enjoy higher interest rates
