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Consider the Best Ways to Make a Money Transfer to Vietnam

Consider the Best Ways to Make a Money Transfer to Vietnam

Consider the Best Ways to Make a Money Transfer to Vietnam


The most widely accepted type of currency in this country is the Vietnamese dong, but you will find that U.S. dollars are accepted in many areas, also. If you are in a tourist area, for example, you can likely use the U.S. dollar quite often when shopping or staying at hotels, but business districts usually prefer the Vietnamese dong. You should be sure to carry some dong, or at least some of both currency, especially as you travel further from the main cities like Ho Chi Minh City or Hanoi. Don't forget to bargain a bit when you shop, as you can save a decent amount of money this way, and it is a nice change from the fixed pricing at stores in the U.S.

There are many more ATMs than there used to be in this nation, which is why using a prepaid debit card to make a money transfer to Vietnam could be a good idea. You can withdraw cash from ATMs before you go out shopping, as you need cash when you bargain. You may also choose to use the prepaid debit card as a regular debit card, but be aware that many stores add a 3% commission fee to credit or debit card transactions. You can use MasterCard and Visa in most areas, though some do also take American Express with an extra 4% fee.

Some people are comfortable with traveler's checks, and they can be exchanged in Vietnam in some areas. However, it is sometimes hard to find banks that will exchange them for cash so do not rely on them completely. Expect to be charged up to 2% commission to change them into cash. However, be aware that Vietcombank changes Amex checks for free, and others for a .5% fee.

It is best to know the most accepted forms of payment before you make a money transfer to Vietnam in any way. This will ensure that you have enough money to get by while in this country. Not every retailer accepts cards or U.S. dollars, but then some prefer such forms of payment to the Vietnamese dong, which means having all of these forms of money can be a good idea.
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