Import-export activities, investment, and international cooperation are increasingly developing, leading to an increasing demand for money transfer abroad. In that context, choosing a reputable bank to carry out international money transfer transactions becomes an important factor for every business. So, which banks can transfer money internationally and meet the requirements of cost, speed, and safety? Let's SeABank find out in the article below!

What forms of international payment can businesses use??

When businesses engage in international trade transactions, choosing the right payment method is extremely important to ensure safety, efficienc,y and minimize risks for the business. Below are popular international payment methods that businesses can refer to:

Method 1: International money transfer via the SWIFT system

International money transfer via the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system is currently the most popular method for conducting financial transactions between banks and organizations globally.

Simply put, SWIFT is a massive secure messaging network that allows banks to exchange transaction information, including money transfer orders, quickly and securely.

SWIFT is a popular form of international money transfer today

Method 2: International money transfer in the form of L/C

A letter of credit (L/C) is the most popular international payment method today, particularly in cross-border trade transactions.

Unlike the usual form of money transfer, a Letter of Credit (L/C) is a conditional payment commitment from the bank. In which, the bank, on behalf of the importer, will pay the exporter if the exporter presents a set of documents that fully comply with the terms and conditions of the L/C.

This method helps minimize risks for both parties, while ensuring transparency and safety in international transactions.

Method 3: International Money Transfer via Proxy Collection

International money transfer by collection is a payment method in which the bank, authorized by the exporter, collects money from the importer based on a set of commercial documents and/or accompanying bills of exchange.

In this process, the bank acts as an intermediary, receiving, processing documents, and collecting money according to the exporter's instructions. However, the bank does not bear any financial commitment to the payment.

Businesses can make international money transfers through collection

What is the most economical bank for businesses to use for international transfers?

When a business needs to conduct international transactions, choosing the right money transfer bank not only affects costs but also ensures safety, legal compliance and operational efficiency.

Understanding that concern, SeABank offers a solution international money transfer Comprehensive, flexibly meeting business needs with fast, safe processes.

Transfer money abroad easily with SeABank service

International money transfer service at SeABank is built to fully meet the payment needs of businesses, while strictly complying with the regulations of the State Bank.

Whatever the purpose of your business money transfer, SeABank is ready to support with a flexible, transparent and absolutely safe process such as:

Payment of import costs: Easily pay for imported goods and services from foreign partners.
Cost of participating in international events: Payment of fees related to participation in exhibitions, seminars or specialized events abroad.
Fischer other purposes: Transfer of contractual fees signed with foreign partners and many other legitimate payment purposes.

SeABank is currently providing a variety of safe and reputable international money transfer services

Outstanding benefits when transferring money internationally at SeABank

When choosing SeABank for international money transfers, businesses will receive many outstanding benefits. For example:

Global coverage network: SeABank connects to a worldwide banking network, helping to transfer money anywhere quickly and safely.
Professional advice: A team of experienced specialists is always ready to accompany businesses in preparing documents in accordance with regulations, helping to shorten transaction processing time.
Competitive service fees: SeABank is committed to providing optimal international money transfer fees, helping businesses save transaction costs.
Multiple payment purposes: Whether it is commercial payments, services, or other legal fees, SeABank has solutions to suit every business need.
Multi-currency support: Businesses can conduct transactions with many different currencies, convenient for cooperation with diverse markets and international partners.

Businesses can receive many benefits when transferring money internationally at SeABank

Conclude

Hopefully the article has helped businesses answer their questions about which option to choose. Which banks can transfer money internationally safely and efficiently. Choosing the right financial partner not only helps optimize costs but is also the key to making every cross-border transaction run smoothly.

Don’t let international payment barriers hinder your business growth opportunities. SeABank is proud to offer a wide range of reliable international money transfer solutions, from SWIFT to L/C and collection. With a dedicated team of experts and professional services, SeABank is committed to accompanying your business on its journey to international stature.

To learn more and register for the service of Receiving money transfers from abroad at SeABank, please visit the website: https://www.seabank.com.vn/doanh-nghiep or contact Hotline 1900.599.952 (Business Customer).