Proactively manage exchange rates – Smart financial solutions from Sacombank

Lock in costs with forward exchange rate fixing

For significant expenses like tuition fees or family support payments, Sacombank’s forward foreign currency transfer service stands out as a leading solution in the market. This service allows customers to lock in a desired exchange rate at the time of the agreement without needing to settle the full amount immediately, with the transaction executed only at the agreed future date.

This means parents can “secure” tuition costs when the exchange rate is favorable, shielding them from subsequent market fluctuations. Essentially, this acts as an “exchange rate insurance,” enabling customers to fix their budgets and plan finances long-term with confidence.

For example, a family preparing USD 30,000 for year-end tuition fees can lock in the exchange rate now instead of anxiously monitoring daily fluctuations. The amount payable in VND remains unchanged until the payment date, regardless of market volatility. With a transaction limit of up to USD 100,000, competitive exchange rates, and the ability to provide a wide range of currencies—including less common ones like Swiss Franc or Swedish Krona—Sacombank’s forward exchange rate fixing service offers peace of mind for large-value transfers.

Flexible foreign currency purchases with Sacombank Pay

In addition to the forward exchange rate service for long-term needs, Sacombank offers a quick and convenient foreign currency purchase option via the Sacombank Pay app. This feature is ideal for short-term or urgent needs, such as travel, business trips, or family visits. Customers can buy up to USD 5,000 per transaction, lock in the exchange rate directly on their phone, and collect cash at any Sacombank branch. This ensures that last-minute business trips, family vacations, or overseas medical plans can be handled swiftly without extensive preparation.

Sacombank Pay not only facilitates daily financial transactions like transfers, bill payments, and QR code payments but also empowers users to choose the optimal time for foreign currency transactions. It seamlessly blends digital banking technology with modern financial needs.

International technology – Ensuring security 

The backbone of these innovative services is Sacombank’s advanced international technology platform. The Bank has fully and proactively completed the mandatory transition to SWIFT’s ISO 20022 (MX message) standard, ahead of SWIFT’s November 2025 deadline. The MX standard enables more detailed data transmission, higher automation, and reduced errors during processing.

For customers, this translates to faster, more transparent foreign currency transactions with fewer risks of rejection by foreign banks due to non-standard formats or missing information. Whether purchasing a few thousand USD for travel via Sacombank Pay or transferring tens of thousands for tuition fees, every transaction is backed by cutting-edge international technology, ensuring complete confidence.

Exchange rate fluctuations are a common feature of the global financial market, but individuals can proactively maintain their spending plans. With its forward exchange rate fixing and instant foreign currency purchase services on Sacombank Pay, Sacombank pioneers comprehensive foreign exchange solutions—offering long-term stability and short-term flexibility for all customers.