Consider the best ways to make a money transfer to Vietnam

Before going on vacation to Vietnam, you should learn about money in the area. Specifically, you need to know which form of payment is accepted most often so you never run out of spending money on vacation. Find out a bit about the most popular payment methods in this beautiful country before planning to transfer money to Vietnam.

The most widely accepted type of currency in this country is the Vietnamese dong, but you will find that US dollars are also accepted in many areas. If you’re in a tourist area, for example, you’ll probably be able to use the US dollar quite often when shopping or staying in a hotel, but shopping districts often prefer the Vietnamese dong. You should make sure to bring some dong, or at least some of both currencies, especially when traveling further from major cities like Ho Chi Minh City or Hanoi. Don’t forget to haggle a bit when you shop, as you can save a fair amount of money this way, and it’s a nice change from the fixed price in US stores.

There are many more ATMs than there used to be in this nation, so using a prepaid debit card to transfer money to Vietnam might be a good idea. You can withdraw cash from ATMs before you go shopping as you need cash when haggling. You can also choose to use the prepaid debit card like a regular debit card, but be aware that many stores add a 3% fee to credit or debit card transactions. You can use MasterCard and Visa in most areas, although some areas also accept American Express for an additional 4% fee.

Some people are comfortable with traveler’s checks and they can be exchanged in Vietnam in some areas. However, it is sometimes difficult to find banks that will exchange them for cash, so don’t trust them completely. Expect to be charged up to 2% commission to exchange them for cash. However, please note that Vietcombank cashes Amex checks for free and others for a 0.5% fee.

It is better to know the most accepted payment methods before transferring money to Vietnam in any way. This will ensure that you have enough money to get by while you are in this country. Not all retailers accept cards or US dollars, but some prefer those forms of payment to Vietnamese dong, which means having all these forms of money can be a good idea.