Sunday, February 19, 2006

Finance: Asia Commercial Bank and Western Union offer 10 minute transfers

Vietnam's Asia Commercial Bank (ACB) and Western Union, have made transferring money a lot faster. Remittances will now reach the destination country in 10 minutes.

Customers can send up to US$7,000 at any ACB branch to relatives abroad or to cover the costs of study, medical treatment, or travel. Recipients in the other countries can collect the money at any Western Union office. Fees vary from $20-50 per transaction.