Receiving Remittances – Why Optimization Matters

Why should you optimize the way you receive remittances?

Remittances play an important role in Vietnam’s economy, with billions of USD sent back home every year. However, not everyone knows how to maximize the benefits of receiving this money. Many people still rely on traditional methods that come with high fees, long waiting times, and unfavorable exchange rates. That’s why optimizing your remittance process is essential.

Limitations of Traditional Remittance Methods

With traditional methods like SWIFT transfers or old money transfer services, receivers often face the following issues:

• High fees: Service fees can be costly and often unclear.
• Long waiting times: It can take 3–7 days for the money to arrive.
• Unfavorable exchange rates: Exchange rates are not always transparent, causing recipients to lose part of the money during conversion.

Why It’s Important to Save Time and Money When Receiving Remittances

Optimizing time and cost means you get your money faster and save on unnecessary fees. This is especially important as cross-border transfers become more common and need to be fast, secure, and affordable.

The Role of Technology and Modern Financial Services

Thanks to technology, many new financial and international money transfer services have been developed to help improve the remittance experience. These services are not only faster but also reduce fees and complicated procedures.

How Modern Remittance Services Improve User Experience

Modern services like FinFan, in partnership with MSB, help optimize the remittance process. With just a few simple steps, recipients can receive money instantly, without fees, and with transparent exchange rates.

Key Benefits of Optimizing Remittance Receiving

Faster Transfers: From 7 Days to Instant

One major benefit is speed. Traditional methods like SWIFT may take 3–7 days, while with FinFan and MSB, the money can arrive instantly or within 24 hours, saving time and giving faster access to the funds.

Comparison: Traditional (SWIFT) vs. FinFan & MSB

1. Traditional SWIFT method:

• High transaction fees
• 3–7 days to receive money
• Unclear and potentially unfavorable exchange rates

2. FinFan & MSB service:

• Free remittance receiving in Vietnam
• Instant or within 24-hour transfer time
• Transparent exchange rates, with no hidden fees

Why Instant or 24-Hour Transfers Matter

Quick access to funds is crucial, especially in urgent situations. Being able to receive money instantly or within one day helps people deal with emergency needs or important expenses right away.

Say Goodbye to Hidden Fees

One big concern when receiving remittances is hidden fees. Traditional services may include unclear charges or unfavorable rates. FinFan and MSB provide no hidden fees and transparent exchange rates, ensuring you get the full value of what your loved ones send.

Benefits of Receiving Remittances via FinFan & MSB

Strong Global Partner Network

FinFan works with top international money transfer partners like MoneyGram, Remitly, Thunes, Ria, Sendwave, and more. This allows you to receive money from family or friends in many countries with ease and confidence.

Flexible Ways to Receive Money

With FinFan & MSB, you have multiple options for receiving money:

• To your MSB bank account
• To e-wallets like MoMo, ZaloPay, ViettelMoney
• Cash pickup at MSB branches or via ATM You can choose the method that best fits your needs and lifestyle.

Competitive and Transparent Exchange Rates

FinFan offers competitive rates so you can receive the maximum value of your money. All rates are clearly displayed and there are no hidden charges, helping you get the best out of every transfer.

How to Receive Remittances with FinFan & MSB

Simple Steps:

1. The sender selects a partner such as Remitly, MoneyGram, Thunes, Sendwave, Ria.
2. The receiver opens an MSB account – easy and free.
3. Receive money instantly or within 24 hours, with no receiving fee.

Available Receiving Methods:

• MSB Bank Account
• MSB Branch Cash Pickup
• E-Wallet
• ATM Transfer

Special Offers When Using FinFan & MSB

Get VND 50,000 When Opening an MSB Account

Open an MSB account through FinFan and receive a free bonus of 50,000 VND – a small gift just for getting started!

Higher Interest Rates for Online Savings

MSB offers up to +0.5%/year interest rate for online savings, helping you grow your funds once received. Why Choose FinFan & MSB for Receiving Remittances?

Trusted Service

Thousands of customers trust FinFan & MSB for their fast, cost-saving, and transparent remittance service. We’re committed to providing the best experience possible for recipients in Vietnam.

Better Than the Rest

Compared to traditional methods and some newer services, FinFan & MSB offer a faster, more affordable, and safer solution, giving you peace of mind when receiving money from abroad. Optimize Your Remittance Benefits Today Saving costs and receiving your money faster is just the beginning. With FinFan & MSB, you’ll get the best remittance experience: free, fast, and full value of your transfers. Open your MSB account now and enjoy all the great benefits of receiving remittances through FinFan & MSB!