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Today's 03-28-2024
Bank damn money in small denominations ?
05/10/2014 08:43 ( GMT + 7 )

TT - Mr L.Q.T ( District 8 , HCM City ) said business internet service due to the daily proceeds mostly loose , par value of 1,000 , 2,000 , 5,000 Vietnam dong, the end of the day I often collect some proceeds paid into the account .


Banknotes in denominations of 5,000 Vietnam dong or less not easily submit large numbers in the bank - Photo: Thanh Dam

Transactions made ​​in a transaction in Binh Tan District Sacombank . Initially Mr . T can still pay account but 28-4 last day had banks charge a fee for the payment of small denominations with 55,000 Vietnam dong.

"Usually one day I filed from 3-4 million Vietnam dong, that day falls on a weekend so I put two more days to be paid 7 million usd into account the above be charged with ," he said , and for T that the charge is so absurd because any denomination of money though well worth circulating the same, why such discrimination ?

T He also pressing for the implementation of charging inconsistency . Shortly after his charge was changed to T in a transaction other transaction of Sacombank in District 8 , the NH staff still paying for his account without paying toll in small denominations .

Reply to this issue , Sacombank said current regulations on fees banks can cash in small denominations tally , 5,000 Vietnam dong or less for a customer to send payment in the account or payment . The fee equivalent to 0.5 % of the amount , a minimum of 50,000 Vietnam dong, excluding VAT .

However, directors transaction basis or branch manager , transaction manager is free to consider reducing or tally for each customer.

As a result of a transaction in Tan Binh District tally toll of small denominations clients on compliance with regulations is 28-4 .

Tellers also notify the customer before the customer charge and agreed. But the customers not counting fees paid to the previous trading day after day 28-4 and 28-4 ( in a different transaction ) transaction manager is so flexible to customers for free as provided .

According to the understanding of youth , charging fees when customers pay in small denominations , not just in NH Sacombank which has piloted in some areas , customers apply the payment of the par value of 500 Vietnam Vietnam dong to 5,000 dong , the number of 100 sheets or more , the fee is 50 popular Vietnam dong for one.

However, this charge is also very flexible and inconsistencies between branches and transaction offices in the banking system .

Deputy general manager of a bank in HCM City said the fee when customers pay little or no par value depends on the circumstances, customers often pay small denominations with a large number of the new bank fee . As for regular customers do not pay retail , the free NH .

Branch Manager of a large bank in District 3 , Ho Chi Minh City said the bank does not charge tally with small denominations of money paid into the specified account if the customer moved within two working days , the bank will charge tallying to avoid customers taking advantage of the NH apparatus for counting tool .

" It must be understood to NH for counting money in small denominations so extreme . Not to mention the currency in small denominations are very difficult to read out to customers , " the director said .

According to the bank , people actually pay retail bulk in NH is not often because usually the change is kept to cycle in traffic , or it is waiting for the other person .

Moreover, people may be afraid to bring small amounts remitted to the bank because waiting is losing the tally for both banks and customers .

Meanwhile Ho Chi Minh City representative said the central bank does not have rules about this and some banks charge a fee as a form of service fees .

However, according to Mr Cao Sy Kiem , former Governor State Bank said that although not prohibited under the regulations but in fact many banks did not compete fee to attract customers .

" The fee may be construed as limiting the way banks receiving money in small denominations because banks do not have the right to refuse to take people's money . However, this will reduce competitiveness to attract customers , "Mr Kiem said .

ANH HONG
By Tuoi Tre News

 
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