Current Account
DEMAND DEPOSIT
SAIGONBANK absorbs demand deposits in VND and foreign currency of individuals in diverse forms, given simple, fast-track procedures, and competitive interest rates.
1. Benefits
Non-cash local settlements of goods and services (bill payment of electricity, water, telephone, etc.), international transfer for overseas sundry expenses and tuition fees, as well as authorized payout and authorized collection services… available to any Demand Deposit Account holders.
Demand deposit accounts enabling the service of financial capability certification for purposes of traveling, studying or working abroad upon request.
Internet Banking platform available for online shopping, distant transactions of the above payment services/facilities.
Demand Deposit Account holders entitled to an overdraft limit approved by SAIGONBANK.
Phone Banking Service available for clients’ free access to information on exchange rates, account balance, loans, SIBOR.
Feeding the clients’ need of foreign exchange dealing in compliance with the prevailing regulations on foreign exchange control of the Government.
Statements of daily transaction (of current accounts or card accounts) sent timely (or via email upon clients’ registration) to ease your follow-up; account information inquiry also supported by Internet Banking platform.
2. Interest rates
Interest rates per published by SAIGONBANK in certain period.
3. Minimum balance required
VND account: VND200,000
Foreign currency account: USD50
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.
4. Procedure and guidance
Account Opening Application form (SAIGONBANK form)
ID card or passport.
Note:
No charge imposed on account opening or closure.
Deposits covered by insurance.
Transactions allowed for current accounts as below:
For VND account: deposits and/or cash withdrawals, non-cash settlements done by authorized payment ordering slips, authorized collection ordering slips, cheques.
For foreign currency account (USD, EUR): transactions allowed in cash or transfer.
TIME DEPOSIT
SAIGONBANK absorbs time deposits of individuals who are Vietnamese and/or foreigners eligibly living and working in Vietnam.
1. Benefits
Idle funds can be deposited into the time deposit account to enjoy higher interest rates.
Various deposit tenors available for clients’ choice, given competitive interests and simple procedure.
Principal withdrawal 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 accounts to be made by SAIGONBANK.
In case of pre-mature withdrawal, demand deposit interest rate applied to the withdrawn amount
Internet Banking platform available for account inquiry;
2. Interest rates
Interest rates per published by SAIGONBANK in certain period.
3. Tenors
Including the terms of 01 month, 02 months, 03 months, 06 months, 09 months, 13 months, 18 months and 24 months.
4. 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.
5. Procedures
Account Opening Application form (SAIGONBANK form)
ID card or passport.
