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Which Bank????
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Hi I need to open a bank account in Hanoi within a couple of weeks and was wondering if any bank is best for foreigners. I realise taht the ANZ requires a minimum of US$1000 or fees apply. Any feedback on other options such as Vietcombank, Citibank,HSBC would be appreciated. I am short of freetime to check out the others so all assistance or information is greatly appreciated. Thanks

posted about 14 months ago by hanoikiwi - viewed 456 times
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answered about 14 months ago by robin

As a recent arrivee, I have opened two bank accounts in the last few weeks and I'd have to say that ANZ comes out tops in every respect. My first experience, most of an afternoon spent in the swanky new Vietcombank where the staff can barely move for the piles of paper stacked up everywhere, was not exactly customer friendly, whereas the staff at ANZ have been both courteous and friendly.

As far as I know, HSBC does not do personal banking here, unless, that is, someone knows different?

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answered about 14 months ago by Tamvong

I have almost the same experience as Robin. I'd go with ANZ. Citibank doesn't do personal banking either.

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answered about 14 months ago by hansi

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HSBC does personal banking, however there's no internet banking available. Service is average.

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answered about 14 months ago by hanoiRob

Depends on you.

ANZ will be best for customer service but their fees are about 2 to 4 times as much for any service you need. If you are looking just to have a place to deposit and withdrawal money and can prove your paying taxes in Vietnam (which you'll have to do for any bank if you want to withdraw dollars that are deposited in country or from a transfer in country), then Vietcom bank is really your best bet as once you get the ATM card its smooth sailing and you never have to deal with the office.

If your dealing with large amounts of cash and are happy to pay fees for good customer service then ANZ is definitely more your style. VCB is crap for cust service but in my 2 years banking with them I've only spent more than anhour in their once and average time it takes me is 5 to 10 min for withdrawal and 20 to 30 min for intl transfer. When I was with ANZ was 5 min for normal and 15 for transaction. Both require a few documents to prepare as this is VN national law and unavoidable no matter where you bank.

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answered about 14 months ago by opera

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I swear by Indovina Bank on Hai Ba Trung Street. (if your back is to Hanoi Tower - cross the street and walk left - it will be on your right) Ask for Miss Phuong - she's wonderful.

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answered about 13 months ago by hanoikiwi

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Hi many thanks for the info, have signed up with ANZ - quick service and will be fine for what I want I think.
First deposit needs to be $300 and i have a bedit visa attached to the account which will be handy also.
Cheers

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