Complete Guide to Remittance to Vietnam: Local Bank Account, Cash Pickup, and ATM

Remittance to Vietnam: What is required?

To send money to Vietnam, Korean nationals need a National ID card or Driver's License, while foreign nationals need an Alien Registration Card or Passport for identity verification. On the Hanpass app, you can complete non-face-to-face mobile registration using these documents without visiting a bank.

Next, choose the recipient's receiving method and verify the necessary details. It is recommended to accurately confirm the remittance amount, recipient's name, and bank details (account number, bank name, etc.).

You can top up funds via bank transfer, convenience store payment, or mobile payment.

3 Receiving Methods: Which one to choose?

You can choose among bank account deposit, cash pickup, or ATM depending on which method is most convenient for the recipient in Vietnam. Connected with over 100 local banks including Shinhan/Woori Bank Vietnam and MB Bank, you can easily send money to a bank account.

For recipients without a bank account, cash pickup (receiving cash with an ID and pickup number at partner locations like banks and currency exchanges) or ATM withdrawal using a card is suitable.

Bank Account Deposit	Connected to over 100 major local banks in Vietnam, funds are deposited immediately, and the recipient can check directly on the app without visiting a branch.
Cash Pickup	The recipient presents an ID and pickup number at a nearby partner merchant (banks, currency exchanges, etc.) to receive cash. No bank account is required.
ATM	Cash can be withdrawn directly from local ATMs using the card specified in the transfer request.

Useful Tips When Sending to Over 100 Local Banks

Hanpass is partnered with over 100 local banks in Vietnam, allowing instant transfers to most banks.

Recipients will receive funds in Vietnamese Dong (VND) or US Dollars (USD). Since the applicable exchange rate can be checked in the app at the time of transfer, reviewing the payout amount and rate in advance helps accurately determine the expected amount.

4 Steps for Money Transfer

Remittance to Vietnam on the Hanpass app proceeds in 4 steps: Registration & Identity Verification, Recipient Details, Amount Entry, and Payment & Confirmation. Non-face-to-face registration is available, so Korean citizens with a National ID/Driver's License and foreigners with a Passport/ARC can get started without visiting a bank.

In the Recipient Details step, select the payout method among bank transfer, cash pickup, or ATM first. Depending on the selected method, accurately enter the required receiving details or bank account info.

1. 1. Install the Hanpass app and complete non-face-to-face registration and identity verification using an ID (passport, etc.).
2. 2. Select Vietnam as the destination country and choose a receiving method.
3. 3. Accurately enter the recipient's name, bank account information, etc.
4. 4. Enter the amount to view total cost and applicable exchange rate; transfers arrive within 3 minutes on average.

When you enter the transfer amount, the exchange rate and transfer fee are displayed in advance. You can top up via bank transfer, convenience store payment, or mobile micro-payment, review the displayed details, and proceed with the transfer.

Hanpass uses a pre-funding system that bypasses intermediary banks. While the average arrival time is within 3 minutes, actual processing times may vary depending on the payout method and local conditions.

Fees and Limits

The limit for transfers without supporting documentation is USD 100,000 per year across all financial institutions, based on Foreign Exchange Transactions Regulations effective January 2026. Enter the remittance amount to view the transfer fee in advance on the app.

Because transfers are processed via pre-funding without intermediary banks, no additional intermediary or receiving fees are charged.

The limit for transfers without documentation is USD 100,000 per year across all financial institutions (for Korean nationals), based on Foreign Exchange Transactions Regulations effective January 2026. Per-transaction and daily limits must be checked in the app. New members receive first-transfer exchange rate discounts and 6 free transfer coupons; promotion details are subject to change.

Final Checklist Before Transferring

Please double-check the recipient's name, registered phone number, or bank account details before confirming the transfer.

It is recommended to review the exchange rate, fee, and estimated payout amount on the app before proceeding. Arrival times may vary based on the receiving method and local circumstances.

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