In short: To send money from Australia to India, you need the recipient's full name, bank account number and 11-character IFSC code, because EzyRemit pays India into bank accounts only. Diwali is on Sunday 8 November 2026; confirm the expected transfer time.

Author: Admin EzyRemit · Last updated: 12/10/2026

The Australian Bureau of Statistics estimated that 971,020 people living in Australia were born in India at 30 June 2025, or 3.5% of the population. For the first time on record, India-born residents were the largest overseas-born group, ahead of England at 970,950 (ABS, released 29 April 2026). This guide explains what you need to send money from Australia to India, how to read the total cost and what to check about transfer times around festivals in India. For how your family can receive the money, read receiving money in Vietnam, the Philippines and India.

EzyRemit is an Australian international money transfer service that helps people and businesses send money from Australia to Vietnam, the Philippines and other destinations. EzyRemit Worldwide Pty Ltd is registered with AUSTRAC as an independent remittance dealer (IND100838372).

This guide covers sending money from Australia to India. If you want to transfer money from AUS to India, the steps below apply to your transfer. If you are sending from the United States, read sending from the United States to India. If you are sending from Canada instead, read the Canada sending guide.

What do you need to send money from Australia to India?

You need three details from your recipient: the full name on the bank account, the account number and the IFSC code. IFSC means Indian Financial System Code. It is an 11-character code that identifies a bank branch in India. The first four characters are letters and name the bank. The fifth character is zero. The last six characters identify the branch, according to the Reserve Bank of India (RBI).

To send money to a bank account in India, follow these steps:

1. Ask your recipient for the full name, account number and IFSC code.
2. Check the IFSC code on the bank's website or the RBI page.
3. Get a quote. Check the fee, the exchange rate and the amount in Indian rupees.
4. Pay EzyRemit in Australian dollars by bank transfer or PayID.
5. Keep the receipt. Send the reference to your recipient.

A wrong digit or a different spelling of a name can delay a transfer. For more on name mismatches, read the middle name trap in international transfers.

How does your family receive the money in India?

From Australia, EzyRemit pays India into a bank account only. There is no cash pickup, cash home delivery or e-wallet for this route. EzyRemit's daily rate check on 5 October 2026 returned an Australia to India rate for the bank account method only.

The list of receive methods can change. Check the current list on ezyremit.com before you send. Your family needs an active bank account in their own name. If they do not have one, ask them to open one with their bank first.

What does it cost to send money to India?

The total cost is the fee plus the exchange rate margin. The margin is the gap between the provider's rate and a reference rate. The ACCC says the cost of an international transfer includes the fee and the gap between your rate and the mid-market rate. It advises you to compare how much your recipient actually receives.

EzyRemit's flat fee is AUD 7.99 per transaction for transfers from Australia to India (AUD 1.00 to 49,999.00), applicable in Q4 2026 (1 October to 31 December 2026). The fee is added on top of the amount you send, so your recipient gets the full converted amount. The exchange rate changes during the day, so see today's rate on ezyremit.com.

To compare services, check these five items:

1. The fee, and whether it is added to or taken from your amount.
2. The exchange rate, and how far it is from the reference rate.
3. How your recipient receives the money.
4. The minimum and maximum amount.
5. The total your recipient gets in Indian rupees.

Table 1. Key numbers for Australia to India transfers, with source and date.

The RBI figure covers all sending countries, not only Australia. It shows how large the flow of money to India is, and why comparing the amount received matters. See the All India Radio report.

What are the 2026 festival dates for Australia to India transfers?

Navratri runs from 11 to 19 October 2026, Dussehra falls on 20 October, and Diwali on 8 November, according to the official sources below. These dates give festival context for Australia to India transfers. They do not establish a bank closure schedule or a delivery deadline for your transfer.

Table 2. Festival dates in India, checked 12 October 2026.

The URSC and India Post lists above are agency calendars, not a bank closure schedule. To check local bank holidays, choose the correct regional office, month and year on the RBI holiday page, then ask your recipient's bank if you need to confirm a branch.

System schedules can also differ from branch schedules. The RBI describes the National Electronic Funds Transfer (NEFT) system as available round the clock on all days of the year (RBI NEFT FAQ, updated 2 September 2024). This does not establish the end-to-end time for an EzyRemit transfer or show which system EzyRemit uses.

What transfer time should you confirm for an Australia to India transfer?

Moneysmart includes transfer time among the details to compare when sending money overseas. For an Australia to India transfer, ask the provider for the expected arrival date and any conditions that apply to your transaction. A festival calendar alone cannot establish when your recipient will receive the money.

Questions to ask the provider:

1. What expected arrival date applies to this transfer?
2. Which conditions does that estimate depend on?
3. Is any action or additional information needed from me or the recipient?
4. How can I check the transfer status if the money has not arrived?

Planning for another festival? Read our guide to Holi money transfers to India. Sending to Vietnam instead? See how to send money from Australia to Vietnam.

How do you check that a provider is registered in Australia?

Search the AUSTRAC Remittance Sector Register before you send. Moneysmart says money transfer services in Australia must be registered with AUSTRAC, the national anti-money-laundering regulator, and advises you to check first.

1. Open the AUSTRAC Remittance Sector Register.
2. Search for the business name, for example "EzyRemit".
3. Check that the legal name and ABN match the website.
4. Check the Conditions column for any limits.

Registration means the business is on the register. It is not an endorsement of the service. EzyRemit explains how to check in Is EzyRemit safe?

How do you avoid mistakes and scams when you send money to India?

Most losses happen after the money leaves your account. Moneysmart warns that money sent to a scammer is very hard to get back.

• Confirm the account details with your recipient by phone, on a number you already have.
• Never send money to claim a prize or pay a "fee" to release a gift.
• Do not change the account details because of a message that arrives at the last minute.
• Use a provider you have checked on the AUSTRAC register.

For more, read our guide to international money transfer scams.

What if a transfer is late or the details are wrong?

Contact your provider first and keep your receipt. Give the date, the amount and the transaction reference. You can reach EzyRemit at This email address is being protected from spambots. You need JavaScript enabled to view it.. Ask your provider for the current status and expected arrival time. Read what to check when a transfer is delayed.

Is it safe to use EzyRemit?

EzyRemit Worldwide Pty Ltd is registered with AUSTRAC as an independent remittance dealer (IND100838372). You can check this yourself on the AUSTRAC register by searching "EzyRemit". For current rates and the receive methods for India, see ezyremit.com.

Key takeaways

• You need the recipient's full name, bank account number and 11-character IFSC code.
• From Australia, EzyRemit pays India into bank accounts only.
• Compare the amount your recipient receives, which includes the fee and the exchange rate margin.
• Diwali is on Sunday 8 November 2026. Confirm the expected arrival time for your transfer with the provider.

FAQ

What details do I need to send money to a bank account in India?

You need the recipient's full name as it appears at the bank, the account number and the 11-character IFSC code. Check all three with your recipient before you pay.

Can my family collect the money in cash in India?

No. From Australia, EzyRemit pays India into a bank account only (checked 5 October 2026). Your family needs a bank account in their own name.

When is Diwali in 2026?

Diwali is on Sunday 8 November 2026 in the URSC holiday list, also confirmed by India Post. Those calendars do not establish the arrival time of an international transfer. Ask your provider for the expected arrival date and conditions for your transaction.

What is the fee to send money to India with EzyRemit?

EzyRemit's flat fee is AUD 7.99 per transaction for transfers from Australia to India (AUD 1.00 to 49,999.00), applicable in Q4 2026 (1 October to 31 December 2026). It is added on top of the amount you send. The exchange rate varies, so see today's rate on ezyremit.com.

Is EzyRemit registered?

EzyRemit Worldwide Pty Ltd is registered with AUSTRAC as an independent remittance dealer (IND100838372). Search "EzyRemit" on the AUSTRAC Remittance Sector Register to check.

This article gives general information only. It is not financial or legal advice. Fees, rates and holiday dates change, so check the current details with your provider and your recipient's bank.

In short: You can send money without a bank account when your recipient uses cash pickup, cash home delivery or an e-wallet. The recipient needs no bank account for these methods. You still pay EzyRemit in Australian dollars by bank transfer or PayID. On 4 October 2026, EzyRemit listed all three methods for Vietnam and two for the Philippines.

Author: Admin EzyRemit · Last updated: 06/10/2026

Most adults now have a financial account, but not all. The World Bank said on 16 July 2025 that nearly 80% of adults worldwide have an account, up from 50% in 2011, and that 1.3 billion adults still lack one (World Bank, 16 July 2025). For Vietnam, the IFC, citing the Global Findex 2025, says over 70% of adults aged 15 and above have an account (IFC, 29 October 2025). So many families have accounts, and some do not. If you want to send money without a bank account for your recipient, the receive method matters.

This is a short overview of the options across countries. For the full guide to cash in Vietnam, read cash pickup and home delivery from Australia to Vietnam.

EzyRemit is an Australian international money transfer service that helps people and businesses send money from Australia to Vietnam, the Philippines and other destinations. EzyRemit Worldwide Pty Ltd is registered with AUSTRAC as an independent remittance dealer (IND100838372).

What does "without a bank account" mean?

It means your recipient does not need a bank account to receive the money. It does not mean that you, the sender, need no account. For EzyRemit, you pay in Australian dollars by bank transfer or PayID, and EzyRemit pays your recipient in the country you choose.

Cash and e-wallet methods are for the recipient. Your recipient can be a parent without an account, a relative far from a branch, or someone who prefers cash.

Which receive methods work without a bank account?

Three receive methods do not need a recipient bank account. Moneysmart (the Australian Government's personal finance website, updated 17 September 2026) lists the receive methods to compare: cash pick-up, bank deposit, cash delivery and an online wallet linked to a phone number.

• Cash pickup. The recipient goes to a place and collects the cash.
• Cash home delivery. The cash is brought to the recipient's address.
• E-wallet. The money goes to a wallet app on the recipient's phone.

A bank account is the fourth method. It needs the recipient's account details.

Which receive methods does EzyRemit list for each country?

The methods differ by country. EzyRemit's rate listing on 4 October 2026 showed the methods in Table 1 for transfers from Australia. Cash home delivery is listed for Vietnam only. India is bank account only.

For a corridor outside Asia, see sending money from Australia to Africa.

Table 1. Receive methods listed for transfers from Australia (EzyRemit rate listing, 4 October 2026).

From Canada, the same check listed bank account, cash pickup, cash home delivery and ZaloPay for Vietnam. It listed bank account, cash pickup and a mobile wallet for the Philippines, and bank account only for India.

The list can change. Check the current options on ezyremit.com before you send. EzyRemit lists receive methods, not named pickup places. Ask EzyRemit about the pickup place or the delivery area before you pay.

Which receive method suits your recipient?

Choose by what your recipient can do. Table 2 gives a short guide.

Table 2. Which method suits which recipient.

Cash home delivery is listed for Vietnam only. For the Philippines, the cash method is cash pickup. For India, use a bank account. For the Philippines in detail, read how to send money from Australia to the Philippines. For India, read sending money from Australia to India.

What does your recipient need to receive the money?

Your recipient needs valid photo ID for cash methods. For an e-wallet, your recipient needs an active wallet and a phone number that works. The ID types that apply to your transfer depend on the country and the receive method. Ask EzyRemit before you pay.

Vietnamese banks publish their own rules for cash. Vietcombank tells a recipient without an account to bring valid identity documents and the reference number to a transaction point (Vietcombank, checked 5 October 2026). Those pages describe the banks' own services. They are not a promise about your transfer.

Tell your recipient to follow these steps:

1. Keep your photo ID ready.
2. Check that the name on your ID matches the name the sender gave.
3. Ask the sender for the reference and the amount.
4. Go to the pickup place, or wait for the delivery call.
5. Show your ID. Count the cash before you sign.
6. Keep any receipt.

A small difference in a name can stop a payment. For more, read the middle name trap in international transfers.

How do you send money without a bank account for your recipient?

Sending takes a few steps on ezyremit.com. The first two steps are needed only the first time you use the service. Follow these steps:

1. Ask your recipient for the full name as on their ID and a phone number that works.
2. Create an account on ezyremit.com with your email and phone number.
3. Verify your identity with government-issued ID.
4. Add your recipient. Choose the receive method.
5. Enter the amount in AUD. Check the rate, the fee and the amount your recipient gets.
6. Pay by bank transfer or PayID.
7. Keep your receipt. Tell your recipient the amount and the date.

The form shows the details it needs for each receive method. For a full checklist, read the checklist to send money to Vietnam.

What does it cost?

The total cost is the fee plus the exchange rate margin. EzyRemit's flat fee is AUD 7.99 per transaction for transfers from Australia (AUD 1.00 to 49,999.00), applicable in Q4 2026 (1 October to 31 December 2026). The fee is added on top of the amount you send. If you send AUD 1,000, you pay AUD 1,007.99, and your recipient gets the full converted amount of AUD 1,000.

The exchange rate changes during the day. For Vietnam, the rate shown on 4 October 2026 was the same for every receive method. A special exchange rate may apply to a customer's first transfer, on the first AUD 1,000. See the current rate on ezyremit.com. To learn how the rate is set and how to compare quotes, read how exchange rates work.

This guide does not state a fee for the recipient. Ask EzyRemit before you send.

How do you stay safe?

Cash is harder to trace than a bank deposit, so a few habits matter. Scamwatch advises you to stop, check and protect before you pay. Moneysmart warns that money sent to a scammer is almost impossible to get back.

WARNING: Do not pay anyone who calls and asks for a fee to release your money.

• Give the reference only to your recipient.
• Tell your recipient that nobody needs to pay a fee to receive a transfer.
• If a caller asks for a "release fee", stop. Call the sender on a number you already have.
• Do not share a one-time code with anyone.
• Contact EzyRemit on +61 2 7204 8448 or This email address is being protected from spambots. You need JavaScript enabled to view it. to check any message.

For more, read our guide to international money transfer scams.

Is it safe to use EzyRemit?

EzyRemit Worldwide Pty Ltd is registered with AUSTRAC as an independent remittance dealer (IND100838372). AUSTRAC is the national anti-money-laundering regulator. You can check this yourself on the AUSTRAC Remittance Sector Register by searching "EzyRemit". Registration means the business is on the register. It is not an endorsement of the service. For the steps, read Is EzyRemit safe? How to check our AUSTRAC registration.

Key takeaways

• Your recipient needs no bank account for cash pickup, cash home delivery or an e-wallet.
• You pay EzyRemit in Australian dollars by bank transfer or PayID.
• On 4 October 2026, Vietnam listed all three methods. The Philippines listed cash pickup and an e-wallet. India listed bank account only.
• Your recipient needs valid photo ID for cash. Ask EzyRemit which ID applies to your transfer.
• The fee is AUD 7.99 per transaction in Q4 2026, added on top of the amount you send.

FAQ

Can I send money to someone who has no bank account?

Yes. EzyRemit listed cash pickup, cash home delivery and e-wallet for Vietnam on 4 October 2026. Check the current options on ezyremit.com.

Which countries have cash pickup?

On 4 October 2026, EzyRemit listed cash pickup for Vietnam and the Philippines. It did not list cash for India.

What ID does the recipient need?

The recipient needs valid photo ID for cash. The ID types depend on the country and the method. Ask EzyRemit before you pay.

Do I need a bank account to send?

For EzyRemit, you pay by bank transfer or PayID. Your recipient does not need a bank account.

What if the money does not arrive?

Contact EzyRemit first. Give the date, the amount and the reference. Keep your receipt. If you cannot resolve the problem and the provider is an AFCA member, you can complain to the Australian Financial Complaints Authority.

This article gives general information only. It is not financial or legal advice. Fees, rates, receive methods and rules change, so check the current details with EzyRemit and with your recipient. Last updated: 06/10/2026.

The landscape of personal finance has undergone a dramatic transformation in 2024, largely driven by the continued evolution of digital technology.  

As we navigate through this digital age, the tools and strategies at our disposal for managing our finances, be it budgeting, saving, or investing, have become more sophisticated, personalized, and accessible.  

This article delves into the current trends in personal finance, highlighting how individuals can effectively manage their finances in today's digital environment. 

The Rise of Digital Budgeting Tools 

The first significant trend in 2024 is the widespread adoption of digital budgeting tools. These platforms have revolutionized the way we plan and control our spending. 

Budgeting Apps 

Apps like Mint, You Need A Budget (YNAB), and PocketGuard have become household names, offering users comprehensive features for tracking expenses, categorizing spending, and setting financial goals. These apps not only provide insights into where your money goes but also offer personalized recommendations for saving more. 

Customizable Spreadsheets 

For those who prefer a hands-on approach, customizable spreadsheets continue to be popular. Tools like Google Sheets and Microsoft Excel allow for the creation of detailed budgeting templates that can be tailored to individual needs, providing a clear overview of financial health. 

The Evolution of Saving Strategies 

As digital technology advances, so do the methods by which we save our money. 

Automated Savings Accounts 

Banks and financial institutions now offer automated savings accounts, which automatically transfer a predetermined amount of money from checking to savings accounts, simplifying the saving process and helping to build savings without effort. 

Micro-Investment Platforms 

Platforms like Acorns and Stash have introduced the concept of micro-investing, where small amounts of money are automatically invested into diversified portfolios, making investing more accessible and integrating saving with investing. 

Investment Trends in 2024 

Investing in 2024 has seen a shift towards more accessible and automated options. 

Cryptocurrency 

Cryptocurrency continues to be a popular investment choice for many, with platforms making it easier for the average person to buy, sell, and hold digital currencies. 

Robo-Advisors 

Robo-advisors like Betterment and Wealthfront have democratized investing, offering automated investment services based on sophisticated algorithms, making it easier for individuals to invest based on their risk tolerance and financial goals. 

Socially Responsible Investing 

There's a growing trend towards socially responsible investing (SRI), where investments are made in companies that adhere to social, environmental, and governance criteria, reflecting a desire to impact the world positively through investment choices. 

Financial Literacy and Education 

The digital age has also brought about a wealth of resources for enhancing financial literacy and education. As personal finance becomes increasingly complex, the importance of understanding financial principles and practices has never been more critical. 

Online Courses and Workshops 

The proliferation of online courses and workshops has made financial education more accessible to a wider audience. Platforms like Coursera, Udemy, and Khan Academy offer courses on a range of topics from basic budgeting to advanced investing, often taught by industry experts. This democratization of financial knowledge empowers individuals to make informed decisions about their finances. 

Financial Podcasts and Blogs 

In addition to formal courses, there's a surge in the popularity of financial podcasts and blogs. These platforms offer insights, advice, and commentary on the latest trends in personal finance, making it easier for individuals to stay informed and engaged with their financial health. Podcasts like "The Dave Ramsey Show" and blogs like "Mr. Money Mustache" have garnered large followings by offering actionable financial advice in an accessible and relatable format. 

The Future of Personal Finance 

As we look to the future, it's clear that the trends in personal finance will continue to evolve. The integration of artificial intelligence and machine learning in financial tools will likely make personalized financial advice even more accurate and accessible. Blockchain technology could also revolutionize how we think about money, making transactions more secure and transparent. 

Innovation in financial technology (FinTech) will continue to provide individuals with more tools and resources to manage their finances effectively. As digital natives become a larger portion of the economy, their preferences for mobile, intuitive, and automated financial services will drive further advancements in the field. 

Conclusion 

The landscape of personal finance in 2024 is markedly different from years past, shaped by the rapid advancement of digital technology. From sophisticated budgeting tools and innovative saving strategies to accessible investment options and the emphasis on financial literacy, managing personal finances in the digital age offers both challenges and opportunities.  

By embracing these trends and leveraging the tools available, individuals can navigate the complexities of personal finance with confidence, making informed decisions that secure their financial future. 

In short: Foreigners can open a personal bank account in Vietnam under State Bank of Vietnam rules, using a passport plus a valid visa, a visa-equivalent document or proof of visa exemption. This guide to banks in Vietnam for foreigners names the banks chosen most often and the documents you need (checked 8 October 2026).

Author: Admin EzyRemit · Last updated: 8 October 2026

Banks in Vietnam for foreigners are a mix of state-controlled and foreign-owned institutions, and even a bank's legal name can change within a few years. This guide reads each bank's own pages against the rules of the State Bank of Vietnam (SBV), and it uses today's details rather than older figures. The bank details and rules below were checked on 8 October 2026.

Key takeaways

• Foreigners can open a personal payment account in Vietnam under Circular 17/2024/TT-NHNN (effective 1 July 2024), as amended by Circular 25/2025/TT-NHNN (in force on 31 August 2025).
• A foreign individual needs a passport; if they live in Vietnam, they also need a valid visa, a visa-equivalent document or proof of visa exemption.
• Banks named most often by foreigners include Vietcombank, HSBC, Standard Chartered, Techcombank and Sacombank, and each bank adds its own rules.
• Sacombank's legal name changed to Saigon Treasure Commercial Joint Stock Bank on 1 June 2026, and it still trades as SACOMBANK.
• Ask your bank whether you can open the account online or must visit a branch.

Can foreigners open a bank account in Vietnam?

Yes. Under the State Bank of Vietnam's Circular 17/2024/TT-NHNN, as amended by Circular 25/2025/TT-NHNN, a foreign individual can open a personal payment account. You need a passport, and if you live in Vietnam you also need a valid visa, a visa-equivalent document or proof of visa exemption (Circular 17/2024/TT-NHNN and Circular 25/2025/TT-NHNN, both on the Government gazette, checked 8 October 2026).

At a glance:

• Who can open: a foreign individual with a passport, and with a valid visa, a visa-equivalent document or proof of visa exemption if they live in Vietnam.
• The national rules: Circular 17/2024/TT-NHNN, effective 1 July 2024, amended by Circular 25/2025/TT-NHNN, in force on 31 August 2025.
• What a foreign applicant supplies: identity documents, and, at some banks, an in-person visit.

What documents do foreigners need to open a bank account in Vietnam?

Under State Bank of Vietnam rules, a foreigner needs a passport or another identity document issued by a foreign authority, and a foreigner who lives in Vietnam also needs a valid visa, a visa-equivalent document or proof of visa exemption. Individual banks add their own conditions on top of that baseline, so confirm the current list with the bank before you visit a branch (checked 8 October 2026).

• Passport, or another identity document issued by a foreign authority.
• A valid visa, a visa-equivalent document, or proof of visa exemption (if you live in Vietnam).
• A Vietnam address, if your bank asks for one.
• An in-person visit, if your bank asks for one.

Which banks in Vietnam are used most by foreigners?

Banks named most often by foreigners include Vietcombank, HSBC, Standard Chartered, Techcombank and Sacombank. The right choice depends on your visa or residence status, which city you live in and how often you send money abroad, so compare the conditions below rather than choosing by name alone (checked 8 October 2026).

Vietcombank

Vietcombank's own current-account page lists foreigners who hold a valid visa and valid documents as eligible, and it offers multi-currency accounts and English-language digital banking. It is state-controlled with a large branch and ATM network, which helps in cities and provinces outside the main hubs (Vietcombank current-account page, checked 8 October 2026).

HSBC Vietnam

HSBC Vietnam sets clear criteria: be 18 or older, reside in Vietnam, and hold a valid visa, a visa-equivalent document or proof of visa exemption. Its personal current account requires a minimum credit balance of 300,000 VND within 12 months and a minimum monthly average of 3,000,000 VND. HSBC says you can apply for a debit card without paying any issuance or annual renewal fee (HSBC Vietnam current-account page, checked 8 October 2026).

Standard Chartered Vietnam

Standard Chartered Vietnam offers foreign-currency accounts and international transfers, and its Power Saver account is a current account with unlimited transactions. Its own pages show two different minimum balances for Power Saver, so confirm the current minimum with the bank before you apply (Standard Chartered current-accounts page and Power Saver page, checked 8 October 2026).

Techcombank

Techcombank offers personal accounts and digital banking. Its public notice for foreign-nationality customers dates from November 2020 and covers e-banking transaction rules, not the full account-opening list, so ask the bank for its current documents before you apply (Techcombank notice for foreign-nationality customers, checked 8 October 2026).

Sacombank (now legally Saigon Treasure Commercial Joint Stock Bank)

Sacombank's current-account page lists Vietnamese and foreign individuals as eligible, with a passport and visa for non-Vietnamese nationals. On 1 June 2026 the State Bank of Vietnam approved its new legal name, Saigon Treasure Commercial Joint Stock Bank (Ngân hàng TMCP Sài Gòn Tài Lộc), and it still trades as SACOMBANK (Sacombank current-account page and Sacombank announcement, checked 8 October 2026).

Is Vietcombank good for foreigners?

Vietcombank's own account page lists foreigners with a valid visa and valid documents as eligible, and it offers multi-currency accounts and English-language digital banking with a large branch network. Whether it suits you depends on your documents and your city, so check your branch's current requirements before you apply (checked 8 October 2026). See the Vietcombank note above.

• Eligible applicants: foreigners with a valid visa and valid documents.
• Account types: multi-currency personal accounts and English-language digital banking.
• Check with the branch: each branch adds its own checks.

How do account requirements compare across these banks?

Minimum balances and document rules differ across Vietcombank, HSBC, Standard Chartered, Techcombank and Sacombank. The table below shows what each bank confirms on its own pages, read on 8 October 2026, but banks change these rules, so treat it as a starting point and confirm with the branch you plan to use.

What should foreigners consider when choosing a bank in Vietnam?

When you compare banks in Vietnam for foreigners, check branch and ATM coverage in the city you live in, English-language service, account types, digital banking, fees, exchange rates, how the bank handles incoming international transfers, and the documents it asks for. Account opening usually needs an in-person visit, so weight the branch near you (checked 8 October 2026). Every bank in Vietnam is regulated by the State Bank of Vietnam.

How do foreigners send money into a Vietnamese bank account?

International transfer providers can pay into personal accounts at Vietnamese banks, and the recipient usually chooses between four receive methods. Fees and rates differ by provider and change over time, so check the current details before you send (checked 8 October 2026).

1. Money into a bank account.
2. Cash at a counter.
3. Cash delivered to a home.
4. An e-wallet.

EzyRemit is an Australian international money transfer service that helps people and businesses send money from Australia to Vietnam, the Philippines and other destinations. EzyRemit Worldwide Pty Ltd is registered with AUSTRAC as an independent remittance dealer (IND100838372).

EzyRemit's Australia to Vietnam fee is 7.99 AUD per transaction in Q4 2026, added on top of the amount you send. For the recipient details and the middle-name check, read what you need to send money to a Vietnamese bank account. For a Vietnamese-language walkthrough, read a Vietnamese-language guide to sending money from Australia to Vietnam. If you are sending from the Australian side, read about the major Australian banks.

Confirm the current documents with your bank, then check the current AUD to VND rate and the receive methods on ezyremit.com before you send.

FAQ: Banking in Vietnam for foreigners

Do foreigners need to visit a branch in person to open an account?

It depends on the bank and on your documents. Ask your bank whether you can open the account online or must visit a branch (checked 8 October 2026).

Can foreigners open a Vietnamese bank account with a tourist visa?

The national rule accepts a passport plus a valid visa, a visa-equivalent document or proof of visa exemption. Individual banks may set their own validity windows. A short-stay tourist visa may not meet a specific bank's rules. Confirm the current rules with the bank you choose.

Has Sacombank changed its name?

Yes. On 1 June 2026 the State Bank of Vietnam approved a new legal name. The bank is now Saigon Treasure Commercial Joint Stock Bank. It still trades as SACOMBANK, so branch signage and cards stay the same (checked 8 October 2026).

Is Techcombank good for foreigners?

Techcombank offers personal accounts and digital banking to foreign customers. Its public notice on foreign-nationality customers is from 2020, so check the current document list with your branch before you apply.

Is Vietcombank good for foreigners?

Vietcombank's own account page lists foreigners with a valid visa and valid documents as eligible, and it offers multi-currency accounts and English-language digital banking. Whether it suits you depends on your documents and your city, so check your branch's current requirements (checked 8 October 2026).

This guide to banks in Vietnam for foreigners will be revisited as bank names or account rules change.

The information in this article is general and factual only. It does not take your personal circumstances into account and is not financial product advice. Fees and terms cited were checked on 8 October 2026 and change over time; always confirm current details before you transact.