Businesses benefitting from preferential fees from Bac A Bank, ready for a business breakthrough in 2024

DNHN - Bac A Commercial Joint Stock Bank officially launched the “Competitive Fees - Business Breakthrough” programme right from the beginning of 2024 with many attractive preferential contents.

Strengthening support, accompanying businesses

In 2024, the macroeconomy may still face many challenges, but the market trend promises countless positive signals. This assessment is based on the fact that many government policies have been removed for businesses, the wave of FDI into Vietnam has grown positively, and orders have also increased significantly in the last months of 2023. According to a survey by Vietnam Report, nearly 60% of businesses believe that their production and business activities will improve this year (*). With the current relatively positive economic recovery momentum, businesses are expected to develop strongly and make further breakthroughs shortly.

To meet the diverse financial needs of this customer group, Bac A Commercial Joint Stock Bank (BAC A BANK) is currently implementing many attractive incentive programmes at the same time. In addition to regular promotional policies for businesses paying salaries through BAC A BANK accounts (Payroll), many attractive credit packages are also continuously launched, such as: “Preferential Loan - Interest Appreciation”, “Together with BAC A BANK - Golden Fortune Welcoming Spring”… with competitive interest rates and flexible conditions on collateral, loan terms and repayment methods.

More optimal cost solutions for businesses

From now until December 31, 2024, BAC A BANK will officially launch the “Competitive Fees - Business Breakthrough” programme nationwide, helping businesses seize every opportunity to increase profits and competitiveness in the market, based on optimising business costs.

The beneficiaries of the programme are existing business customers with an average monthly non-term deposit balance (CASA) of VND 500 million or more, or using at least 3 of the following basic financial products - services: Loans, Payment/Discount of Bills, Guarantees, Credit Commitments, International Payments (L/C, TTR, collection, FX…), Non-term Deposits (CASA), Electronic Banking, Salary Payments through Accounts.

In particular, the Bank also extends incentives to new business customers who do not yet have an account or have an account but are inactive - now starting to use products/services for the first time during the programme period.

Accordingly, a series of business fees are supported by BAC A BANK to the maximum, by being included in the “zero fee list” or applying extremely attractive exemption policies.

Firstly, BAC A BANK provides a nice account number opening service completely free of charge. Not only easy to remember and convenient during transactions, owning a nice account number right at the beginning of the new spring is believed to bring good luck and fortune to businesses.

In addition, the bank exempts many essential services that businesses often use, including Domestic money transfers within the BAC A BANK system and interbank at the counter; Electronic Banking Services (Internet Banking & Mobile Banking); SMS Banking and Cash Deposits/Withdrawals from Accounts.

Secondly, businesses can choose one of two incentive options for guarantee services: either reduce the guarantee fee by up to 30% or apply a preferential guarantee fee of only 1.2%. This practical incentive once again affirms the Bank’s efforts and determination to accompany businesses throughout their business journey.

Thirdly, the “reduce by up to 30%” list continues to be expanded to include international payment service fees, and trade finance, including Export Letters of Credit Loans, Pre-shipment Export Loans, Export Bill Discounting, Foreign Exchange Buying and Selling for Overseas Payment Transfers.

Fourthly, BAC A BANK exempts early repayment for loans within the credit limit. With access to preferential loan capital, businesses have more solid conditions to create momentum for breakthroughs, and now early repayment fees will no longer be a concern.

With a system of 175 transaction points spread across 42 key economic provinces and cities nationwide, along with a team of professional staff who are knowledgeable about products/services, BAC A BANK expects to always closely accompany business customers in their development to be ready to seize opportunities for success ahead.

Phuong Anh