TravelThe 8 Most Popular Ways to Transfer and Withdraw Money in Vietnam

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As you plan your trip to Vietnam, one of the many things you’ll need to take into account is how you will access your money while there. The options for transferring and withdrawing money in Vietnam are varied, and can be confusing for first-time visitors. This article will outline the most popular ways to withdraw money while in Vietnam, as well as their pros and cons.

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1. Credit Cards

One of the most convenient ways to access money while in Vietnam is through the use of credit cards. Many businesses in Vietnam, particularly in cities and tourist areas, accept major credit cards such as Visa and Mastercard. With a credit card, you can simply swipe or insert your card to pay for purchases, and the funds will be withdrawn from your account automatically.

However, there are a few things to be aware of when using credit cards in Vietnam. First, many businesses will add a surcharge for credit card payments, typically around 3%. This surcharge is often not made clear to customers until they receive their bill, so it’s important to ask about it in advance. Additionally, some ATMs in Vietnam may not accept foreign credit cards, so it’s always a good idea to have a backup method of accessing cash.

2. Debit Cards

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Another option for accessing cash in Vietnam is through the use of debit cards. Debit cards are linked directly to your bank account, and allow you to withdraw cash from ATMs or make point-of-sale purchases.

One of the benefits of using a debit card in Vietnam is that you’ll typically get a better exchange rate than if you were to use cash. Additionally, many banks now offer contactless payments with debit cards, which can be a convenient way to pay for small purchases.

However, there are a few things to keep in mind when using debit cards in Vietnam. First, not all businesses accept debit card payments, so it’s always a good idea to have cash on hand as well. Additionally, some banks may charge international transaction fees for using your debit card abroad, so be sure to check with your bank in advance.

3. Cash

Of course, one of the simplest ways to access money while in Vietnam is through the use of cash. US dollars are widely accepted throughout Vietnam, and can be easily exchanged for the local currency, Vietnamese dong.

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One of the benefits of using cash in Vietnam is that it’s widely accepted, even in smaller businesses and rural areas. Additionally, you’ll typically get a better exchange rate when using cash than you would with a credit or debit card.

However, there are a few things to keep in mind when using cash in Vietnam. First, it’s important to keep your cash safe and secure, as pickpockets are known to target tourists. Additionally, some businesses may not have change for larger denominations, so it’s always a good idea to have smaller bills on hand.

4. Money Transfers

One of the most popular ways to send money to Vietnam is through a money transfer. Money transfers can be completed online or in person, and typically take 1-2 days to process.

One of the benefits of using a money transfer to send money to Vietnam is that it’s a fast and convenient way to send money. Additionally, many money transfer companies offer competitive exchange rates and low fees.

However, there are a few things to keep in mind when using a money transfer to send money to Vietnam. First, you’ll need to have the recipient’s bank account information in order to complete the transfer. Additionally, some money transfer companies may charge fees for their services, so be sure to compare rates and fees before choosing a company.

5. Money Delivery

Another popular way to send money to Vietnam is through a money delivery service. Money delivery services can be completed online or in person, and typically take 1-2 days to process.

One of the benefits of using a money delivery service to send money to Vietnam is that it’s a fast and convenient way to send money. Additionally, many money delivery companies offer competitive exchange rates and low fees.

However, there are a few things to keep in mind when using a money delivery service to send money to Vietnam. First, you’ll need to have the recipient’s address in order to complete the delivery. Additionally, some money delivery companies may charge fees for their services, so be sure to compare rates and fees before choosing a company.

6. Cash Pickup

american dollars

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Another popular way to send money to Vietnam is through a cash pickup service. Cash pickup services can be completed online or in person, and typically take 1-2 days to process.

One of the benefits of using a cash pickup service to send money to Vietnam is that it’s a fast and convenient way to send money. Additionally, many cash pickup companies offer competitive exchange rates and low fees.

However, there are a few things to keep in mind when using a cash pickup service to send money to Vietnam. First, you’ll need to have the recipient’s address and ID in order to complete the pickup. Additionally, some cash pickup companies may charge fees for their services, so be sure to compare rates and fees before choosing a company.

7. Traveler’s Checks

Another option for accessing cash in Vietnam is through the use of traveler’s checks. Traveler’s checks are a type of check that can be used to withdraw cash or make purchases in foreign countries.

One of the benefits of using traveler’s checks in Vietnam is that they can be easily replaced if lost or stolen. Additionally, many businesses will give you a better exchange rate for traveler’s checks than for cash.

However, there are a few things to keep in mind when using traveler’s checks in Vietnam. First, not all businesses accept traveler’s checks, so it’s always a good idea to have cash on hand as well. Additionally, you may be charged a fee for cashing traveler’s checks, so be sure to check with your bank or the business in advance.

8. Money Orders

Another option for accessing cash in Vietnam is through the use of money orders. Money orders are a type of check that can be used to withdraw cash or make purchases in foreign countries.

One of the benefits of using money orders in Vietnam is that they can be easily replaced if lost or stolen. Additionally, many businesses will give you a better exchange rate for money orders than for cash.

However, there are a few things to keep in mind when using money orders in Vietnam. First, not all businesses accept money orders, so it’s always a good idea to have cash on hand as well. Additionally, you may be charged a fee for cashing money orders, so be sure to check with your bank or the business in advance.

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Useful Apps for Accessing Cash in Vietnam

money transfer apps

photo: Bob Ghost

There are a few useful apps that can help you access cash in Vietnam.

Remitly: Remitly is an app that allows you to send money to Vietnam. The app offers competitive exchange rates and low fees, and can be used to send money to Vietnam via bank transfer, cash pickup, or money delivery.

Xoom: Xoom is a PayPal service app that allows you to send money to Vietnam. The app offers competitive exchange rates and low fees, and can be used to send money to Vietnam via bank transfer, cash pickup, or money delivery.

Western Union: Western Union is an app that allows you to send money to Vietnam. The app offers competitive exchange rates and low fees, and can be used to send money to Vietnam via bank transfer, cash pickup, or money delivery.

TransferWise: TransferWise is a free app that allows you to send money abroad. The app offers competitive exchange rates and doesn’t charge any hidden fees.

Google Wallet: Google Wallet is a free app that allows you to send money to friends and family. The app can be used to send money to Vietnam, and offers competitive exchange rates.

TIP: Get XE Currency: XE Currency is a free app that allows you to convert currencies and get the latest exchange rates. The app can be used to convert between Vietnamese Dong and other currencies, and offers live currency rates. The app offers live exchange rates and can be used offline.

What’s the best way to transfer and withdraw money while vacationing in Vietnam?

The best way to transfer and withdraw money while vacationing in Vietnam will vary depending on your individual needs and preferences. However, some of the most popular options include using cash, traveler’s checks, money orders, and apps such as Remitly, Xoom, and TransferWise. When deciding what option is best for you, be sure to consider factors such as exchange rates, fees, and convenience.

No matter what option you choose, be sure to take into account the pros and cons of each before making a decision.

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readysetgo
Member

I have mainly used Paypal and Stripe when traveling. I guess for certain areas, these would probably be more useful. I will download a few and check them out. 

NhimXuXu
Member

Don’t they have virtual apps that allow you to load a virtual card/account with your own currency and it will change based on your location? I could have sworn that was a thing!

Soulie
Member

Something that I always hated when traveling was having to exchange money or having to worry about it. Thankfully, things are a lot easier in this day and age. I couldn’t imagine traveling 50+ years ago.

DangGang
Member

This is handy information. Great tips for Vietnam but also in other areas. I feel like people who don’t travel often overlook a lot of these. 

PhoTastic
Member

^ I agree
I have made use of PayPal numerous times while traveling and it has never let me know. It is fast, easy, and convenient. 

vietzone
Member

It turns out there are lots of different ways to do this, but the easiest and most accessible way is through PayPal. This is because PayPal is available in Vietnam, where most international transfers are made through Western Union or Moneygram. If you’re trying to send money from the U.S., you can use PayPal’s services in Vietnam by going through your regular account (or creating one if you don’t already have one) and choosing “send money” on the dropdown menu under “send” or “pay.”

Once you’ve chosen which currency you want to send, you can choose between USD and VND. You’ll be asked which country you want your recipient’s money sent to (select Vietnam), then enter their first name, last name, email address (as well as other relevant details like phone number.)

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