You need to send money Vietnam to family or friends without losing half your transfer to hidden bank charges. Traditional wire transfers drain your funds through terrible exchange rates and surprise intermediary fees.
You want a fast, predictable way to drop funds straight into a Vietnamese bank account or cash pickup location. Remitly handles this corridor with clear delivery speeds and flat fee tiers.
Check the Remitly app or website for the final quote before you execute any transaction. Rates and fees shift constantly based on market conditions.
Key Takeaways
- Remitly splits transfers into Economy and Express tiers, balancing cost against speed.
- Economy transfers rely on bank funding and take three to five business days.
- Express transfers fund via debit or credit card and deliver funds in minutes.
- Recipients can receive funds directly into major Vietnamese banks or pick up cash in person.
- Always verify current exchange rates and fees inside the app before you confirm your transfer.
Understanding Remitly Transfer Speeds and Costs
You choose between two main delivery speeds when you send money Vietnam. Each tier carries a different price tag and funding method.
Economy transfers cost a flat $1.99 when you fund the transfer from a US bank account. Funds land in the recipient account in 3 to 5 business days. This option suits you if you want the lowest possible fee and you do not need instant delivery.
Express transfers cost a flat $4.99 for standard currency delivery to Vietnamese đồng. You fund these transfers instantly using a debit card, credit card, or linked digital wallet. Deliveries often complete in under ten minutes.
| Transfer Speed | Funding Source | Typical Delivery Time | Base Fee |
|---|---|---|---|
| Economy | Bank Account (ACH) | 3 to 5 business days | $1.99 |
| Express | Debit Card or Credit Card | Minutes to hours | $4.99 |
You must factor in the exchange rate markup alongside the flat fee. Remitly builds its profit margin into the exchange rate offered for the day. You can review independent breakdowns like the Remitly money transfer review to compare these margins against other providers.
How to Send Money Vietnam Using Remitly Step by Step
Setting up your first transfer takes just a few minutes. You need your recipient details and a funding source ready before you begin.
- Open the Remitly app or log into your account on the web.
- Enter Vietnam as your destination country and input the send amount in USD or your local currency.
- Select your delivery method, such as a direct bank deposit to Techcombank, Vietcombank, or another local institution, or choose a cash pickup location.
- Enter your recipient’s full legal name as it appears on their government ID, along with their exact phone number and bank account details.
- Choose your payment method and review the final exchange rate, delivery estimate, and fee on the summary screen.
- Confirm the transfer and copy your reference number to track the payout.
Double-check every digit of the recipient account number. Typos cause major delays that require manual support intervention to fix.
Choosing Payout Options for Your Recipient
You decide how your recipient accesses the funds in Vietnam. Direct bank deposits work best for daily living expenses and bill payments.
Cash pickups suit recipients who do not maintain a local bank account. Remitly partners with major banks and pickup agents across Vietnam. Your recipient brings their valid ID and the reference code to collect the cash.
Make sure the recipient name on the transfer matches their government-issued ID exactly. Name mismatches cause immediate holds at the payout counter.
Troubleshooting Delayed or Canceled Transfers
Most transfers complete without issue, but occasional security reviews or banking holidays stall transactions.
A delayed transfer usually triggers an identity verification request from Remitly. Check your email or app notifications for requests to upload a photo ID or proof of income. Respond immediately to clear the hold.
If a transfer cancels automatically, your funding source likely triggered a fraud alert. Contact your bank to authorize the transaction, then restart the transfer inside the Remitly app.
Conclusion
You can move funds across borders without navigating opaque banking fees. Remitly offers a direct bridge to Vietnam through clear service tiers and mobile tools.
Review the live rate inside your application right before you confirm your transfer details. Lock in your transaction and keep your reference number handy until the funds clear.
