Monday, July 16 2018

VietNamNews

Vietcombank adjusts transaction limits on mobile banking

Update: June, 21/2018 - 14:00
Employees at a Vietcombank’s branch in Hà Nội. — VNA Photo
Viet Nam News

HÀ NỘI — The Joint Stock Commercial Bank for Foreign Trade of Việt Nam (Vietcombank) has announced the adjustment of transaction limits on its online service VCB-Mobile B@nking starting June 19.

The adjustment will be effected through authentication methods on its mobile banking service such as facial recognition and fingerprint identification.

For transfer transactions within Vietcombank, including one-time transfers, future payments, periodic payments, and transfers to other local banks, as well as quick transfers via card and charity transfers, the transfer limit has been raised to VNĐ2 million (US$87.70) per transaction instead of the previous VNĐ500,000.

Maximum and minimum daily withdrawal limits remain unchanged at VNĐ3 million per day and VNĐ50,000 per transaction.

The limit for payment of bills, including telecommunications, train and airline, electricity, and water, as well as tuition, insurance, and hospitality and tourism services, has been adjusted from VNĐ500,000 per transaction and VNĐ1 million per day to VNĐ2 million per transaction and VNĐ3 million per day.

Maximum transaction limits for payments using Quick Response (QR) Code have been lifted to VNĐ2 million per transaction and VNĐ3 million per day from the previous VNĐ500,000 per transaction and VNĐ1 million per day.

Prepaid mobile rates for Mobifone, Vinaphone, Viettel, G-Mobile and Vietnammobile have been increased from VNĐ500,000 per day to VNĐ3 million per day.

However, the limit for credit card payments has remained unchanged at VNĐ5 million per transaction and VNĐ10 million per day.

Vietcombank also stipulates a daily limit of VNĐ15 million for total transactions per day. — VNS

 

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