BAC A BANK’s fresh links to businesses

BAC A BANK is offering practical incentives that help businesses optimise cash flow

Actively promoting businesses to seize all opportunities to maximise profits on the basis of optimising business costs, BAC A BANK is applying policies on fee support for business-oriented essential corporate financial services within the framework of a preferential fee combo programme.

Conditions for participating in the initiative are rather simple. Current business customers of BAC A BANK only need to use three of the seven basic or essential products/services: loans, factoring/discounting of documents, guarantees, credit commitment, international payments, electronic banking, and demand deposits with an average of at least VND300 million ($12,660) in the previous six consecutive months.

The programme also applies to new business customers that have never had an account at BAC A BANK or have an inactive account status.

Accordingly, the preferential fee combo is being deployed from now until the end of 2023 nationwide, with a policy of exemption and reduction of many extremely attractive fees, contributing to increasing the businesses’ competitive advantage in the market.

BAC A BANK is waiving a series of fees for the first year from the date of opening the customer information file, including domestic money transfer within the bank’s system and interbank at the counter; electronic banking services and SMS banking; and deposit/withdraw cash from accounts.

In addition, it is also waiving up to 30 per cent of guarantee fees and other international payment fees and trade finance service fees from the date of opening the customer file, including loans under export letters of credit; loans for exports before delivery; discounting export documents; and buying and selling foreign currencies to transfer payment abroad.

This significant exemption is a practical incentive that helps businesses in optimising their cash flow efficiency.

Known for its many credit packages to support businesses in seizing business opportunities, BAC A BANK continues to completely exempt or offer attractive incentives for early debt repayment fees, depending on the term of the debt agreement and the early repayment period of businesses.

With the goal of constantly enhancing the customer experience, the preferential fee combo is specifically designed to meet a variety of business needs, helping enterprises improve capital efficiency and minimise operating costs.

With a system of 171 transaction points spanning 41 provinces and cities across the country and a team of professional staff, BAC A BANK expects to contribute to helping business customers develop strongly.

Meanwhile, the bank is also offering safe services for salary payment, with more benefits provided for employees.

In order to provide safe financial solutions for businesses to save operational costs and to bring assorted incentives for businesses’ employees, BAC A BANK has been making non-stop efforts to improve the quality of its account-based salary payment service.

The service not only helps companies and organisations to save time and costs, and stabilise operations to focus on production and business activities for further growth, but it also brings their employees opportunities to access BAC A BANK’s many programmes and services.

Since December 2022, and continuing to the end of this year, the lender has been offering up incentives to enterprises and their employees who use the lender’s payroll service, with the preferential time of up to 12 months as from the date of service registration.

BAC A BANK will waive credit card issuance fees and two years of annual fees for enterprises and individuals

A series of policies are being applied to enterprises paying salaries via BAC A BANK and employees receiving salary through the bank. Specifically, they are not required to have a maximum remainder in the account to maintain it, and they are exempt from fees for electronic banking services such as registration and usage of internet banking, SMS banking, and interbank transfer of money and rapid money transfer on NAPAS 24/7.

After issuing credit cards, BAC A BANK will also completely waive card-issuance fees and two years of annual fees for enterprises and individuals participating in the programme.

Enterprises using such a service will be exempt from fees for salary payment and money transfer – including transfer to accounts of BAC A BANK and other banks.

What is more, in order to meet increasing demand for payment and transactions via cards, BAC A BANK has completely waived fees for using domestic debit cards for employees receiving their salaries through the bank.

With an advantage of a wide network nationwide of branches and transaction offices, as well as a large system of ATMs, the bank can make it favourable for customers to conduct transactions and use its products and services.

If they cannot physically come to the bank to access products and services, individuals can experience electronic know-your-customer technology on the BAC A BANK mobile app, with numerous convenient features at home, anytime and anywhere.

Steadfast in following the core value of “For human development” over the past 29 years since its establishment, BAC A BANK has consecutively introduced products and services which can help customers optimise their benefits.

For more information: Website: www.baca-bank.vn ; Customer Care line: 1800 588 828

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