General Information about Deposits & Remittances KEB Hanoi Provides the most convenient and profitable services for your success in Vietnam. Transactions in Foreign Currency All transactions in foreign currency(i.e.,USD,EUR,JPY, etc.) should comply with Vietnamese Law. Cash Withdrawals Under Vietnamese law, US$ withdrawals in cash from a company¡¯s customer account are prohibited except for salary payments etc. Informing us in advance that you will be making a large cash withdrawal would be highly appreciated. Cash Deposits and Remittances Under Vietnamese law, US$ deposits in cash are prohibited except for some individual transactions with supporting documents. (i.e, foreigner's salary, declared money to customs etc.) Overseas remittances for companies or individual customers are allowed in accordance with the related FX regulations. Individuals with foreign passports, who want to remit money declared at customs or their salary are permitted to make transfers overseas with the relevant supporting documents. Company customers can make overseas payments for their business with a contract, invoice, customs registration documents and other necessary documents. General Information regarding Deposits and Remittances - Domestic transfers in USD are generally not allowed. - FX transactions involving the purchase of US$ should be supported by the appropriate documentation. Passbook You will receive a Passbook in each currency and an account number as evidence of your Demand Deposit, Time Deposit and Account Statement of your Current Account. Certificate Issuance Services Deposit Balance Certificate Certificate of capitalized account transactions Inward or outward remittance receipt Transaction history receipt Required Documents to open an account Individual : ID Card(for vietnamese), Passport (for foreigners) Company : business license or investment license, tax code, stamp, stamp certificate, General Manager's passport ¡Ø All documents should be the original or a notarized duplication. AML(Anti-Money Laudering) Issue The KEB Hanoi branch operates in compliance with the AML regulations established by the State Bank of Viet Nam. On the basis of the AML(Anti-Money Laundering) regulations, transactions of over VND200,000,000 or the equivalent in cash are to be reported to the SBV AML center. DEMAND DEPOSITS KEB Hanoi Provides safe and convenient demand deposit services such as Current Accounts and Demand Deposits. Current & Ordinary Deposit Account Features At KEB Hanoi, a demand deposit allows you to make frequent deposits and withdrawals. There are two kinds of currency for Demand deposits : Vietnamese Dong(VND), US Dollars(USD). You can open a EUR denominated account for inward/outward transactions. Capitalized Account is one of the specialized bank products for FDI(Foreign Direct Investment). Investors can receive money from overseas for initial capital or increased capital investment. Eligible Customers Individual and Corporate. Deposit Currency and interest for Demand Deposits US$ EUR VND 0.5%(p.a) 0.5%(p.a) 1.5%(p.a) * Interest payment : monthly basis(minimum average balance for the interest payments : US$10,000, VND10,000,000) - Interest is calculated on the third Friday of every month. TIME DEPOSIT KEB Hanoi provides safe and profitable time deposits. Features The KEB Hanoi branch's time deposit offers very competitive interest rates. There are two kinds of currency for Time deposits : Vietnamese Dong(VND), US Dollars(USD). Flexible terms. Eligible Customers Individual and Corporate. Deposit Currency and initial minimum deposit Deposit Currency : US$ and VND Initial minimum deposit amount : US$1,000 and VND10,000,000 Term You may select 1,3,6,9 and 12 months. Interest for Time Deposits Interest is caculated based on the applicable rate to your deposit from the date the deposit is made until the date of maturity, excluding the date of withdrawal. If the maturity date falls on a Saturday, Sunday or public holiday, it will be extended to the next working day. Interest will be caculated up to the new maturity date. On maturity the following will apply If the bank does not receive any instructions from the customer prior to the muturity date, we will automatically renew it for the same term as the initial deposit with the interest rate at the time of renewal. Break prior to maturity The demand deposit interest rate is paid for the break. OUTWARD REMITTANCE The worldwide remittance service of KEB Hanoi is reliable, fast, globally linked and convenient. Features The outward remittance service allows the applicant to transfer money in foreign currency(USD and EUR) to any designated bank in the world. The use of the advanced and reliable SWIFT system enables the bank to provide you with a faster, more flexible and safer way of transferring your money. For remittance to Korea, funds may reach the receiving bank within the same day. Our Speed Remittance service is available for those who want to remit money to KEB Korea within 30 minutes but only for remittances of US$10,000 or less. Type of outward remittance Telegraphic Transfer(T/T) Speed Remittance Demand Draft(D/D) Other information Applicant is required to fill out the application form for outward remittances completely. Non account holders should submit a valid identification card or passport with supporting documents. For trade payments by T/T, companies are required to prepare related supporting documents. For Individual customers who want to remit by cash, you will need to bring related documents such as salary certification, labour contract, tax payment receipts or customs declaration etc. IINWARD REMITTANCE Our worldwide correspondent network enables all worldwide remittances from anywhere to reach the beneficiary in a quick and secure way. Features Our correspondent network enables all inward remittances in foreign currency(US$, EUR) from domestic and overseas banks. KEB Hanoi purchases Demand Drafts and Traveler's Checks issued by KEB Korea with commission. We accept other types of checks in collection basis. Type of Inward Remittance Telegraphic Transfer(T/T) Speed Inward Remittance KEB's VISA Traveler's Check KEB's Demand Draft(D/D) Other T/C, Bank Cheque Other information Automatic procedure to credit a beneficiary's account is applied(between KEB Korea and KEB Hanoi). Real Time Remittance from KEB Korea is available. Customers who have no account with us can receive money with a valid I.D Card or passport. Depending on the remitting bank¡¯s payment order, remittances to other banks can be made faster via KEB Hanoi if a the transfer is made to a designated bank account. Required information for inward remittances Account holder's name and A/C number, Receiver's bank and branch name(KEB Hanoi) EXPORT & IMPORT The KEB Hanoi branch is engaged in providing trade finance services in VIetnam, and always tries to assist your export-import business with sufficient knowledge regarding the local trade laws, FX regulations and experiences in international trading transactions. Features Wide range of trade finance services including L/C transactions, Non-L/C transactions, and T/T transactions. Our worldwide correspondent network provides you with the fastest and most convenient trade finance services. Export L/C advising L/C negotiation or collection D/A, D/P negotiation or collection : D/A, D/P negotiation should have credit line in advance as it is the same as a loan transaction. Import L/C opening and settlement : Applicant must fulfill some conditions prior to processing the import transaction , such as submission of collateral and trade finance facility. Non L/C transactions(D/P or D/A) Other transactions Settlement and reimbursement for other bank's L/C(Sight, Banker's Usance, Shipper's Usance) LOAN The KEB Hanoi branch predominantly provides credit services to our customers. We provide a vast range of credit services which can be tailored to the customer¡¯s demands such as operating funds, facility funds, and export-import funds. The bank provides customers with financing for trade, operating costs or special projects. Category and Details of Loans. Trade Finance Coverage : Import L/C opening and settlement, D/A credit line, Import financing. Operating Fund Coverage : Short-term operating fund Limit : Within calculation and financing requirements Type of collateral and guarantee: Time deposit, Irrevocable stand-by L/C, Land Use Right, Corporate guarantee from parent company, etc. Term : 1year and renewable on a yearly basis. Facility Funds Coverage : Building new factories or expansion of existing ones, Special projects. Limit and term : Up to the required amount within calculation of facility fund loan.(applicable grace period) Guarantee AP Bond Bid Bond Performance Bond etc. INTERNET BANKING SERVICE The KEB Hanoi branch's i-Bank is extremely convenient and useful. i-Bank provides customers with their account balance on a real-time basis. transaction history in detail. transaction history of Inward and outward remittances Interest rate and foreign exchange rates history of loan and export, import transactions * Overseas and domestic transfers will be applicable after revision of the related FX regulations. How to use i-Bank CONSULTATION All customers of KEB Hanoi can use the i-Bank service.(For more details please contact us) APPLY Visit KEB and Fill in an application form for the i-Bank service.(I.D-related documents needed) LOG-IN Log in at "http://www. ikeb.com" within 7days from the date of registration. GET A DIGITAL CERTIFICATE ISSUED A customer registered with KEB must download a unique digital certificate onto their PC within 7days from the date of registration. CHANGE PASSWORD Login to i-Bank using your login password sent to you via e-mail. After the first login, you must change the password. ENJOY i-BANK SERVICES After you have completed all the procedures, you are now ready to use the i-Bank services. KEB Hanoi Branch KEB Hanoi provides the most convenient and profitable services to ensure your success in Vietnam. - Tel : 04.771.6800 - Fax : 04.771.6781 - Home page : http://www.keb.co.kr/vn