With the fresh release of Split Order Automatically on the MBBank App, customers now have instant, limitless, and always-available online monetary transactions at their disposal.
When it comes to interbank transfers, many customers encounter restrictions and limits when dealing with large amounts of money. Since the current 24/7 express transfer threshold is VND499,999,999 ($21,700), any transfer above this figure will be processed with more complexity.
Typically, the delivery time to the intended recipient will be longer – maybe not until the next day or as late as Monday morning if the transaction is conducted over the weekend.
When clients send a large amount of money, the Split Order Automatically feature will break the amount into smaller amount packages, guaranteeing that the money will be sent instantly at any time of day or night. Customers can make interbank transfers of up to VND5 billion ($217,400) for every transaction, which helps them to save time.
For example, if a customer selects Split Order Automatically for a transfer of VND510 million ($22,170), the MBBank App will automatically divide it into two sums of VND450 million ($19,570) and VND60 million ($2,600) to expedite the transfer.
Customers can also opt for a conventional transfer order to send the full amount of money, noting that the receiver may not receive it immediately.
In a similar vein, if customers want to send a higher number, like VND1 billion ($43,480), the feature will divide it into two parts of VND450 million ($19,570) and one part of VND100 million ($4,340). The MBBank app allows customers to track the progression of these divided sums in real-time. The limit for this function is VND5 billion ($217,400).
The benefits of using Split Order Automatically are as follows:
You can send money online 24/7 from anywhere in the world.
It is possible to make a transfer of up to VND5 billion ($217,400) per transaction.
450,000,000 orders are easily divided into simpler transfer stages.
The feature automatically splits large amounts of money.
There are significant savings in processing time for bank-to-bank transactions.
The fee for Split Order Automatically is very minor at only VND9900 (43 US cents) per transaction (including VAT).
Integrated advanced security technology is included to safeguard customers.
How to access the Split Order Automatically feature on the MBBank App?
First and foremost, access the transfer function and select the receiving bank and account number as usual.
Secondly, if the receiving account is at a different bank and the transfer value is VND500 million ($21,700) or more, the MBBank App will automatically provide the Split Order Automatically option for a quick transfer 24/7 or leave it as a typical transfer option based on customers’ interest.
Next, click Split Order Automatically to conduct split orders and rapid transfers 24/7.
After completing the transaction, customers can check the progress of this split transaction directly on the MBBank App.
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