Services
With the “Automatic Profit Generation” feature on Techcombank Mobile, for the first time in Vietnam, customers’ electronic banking transaction accounts can automatically generate daily profits from idle funds. This is the optimal choice for customers who not only want to use their funds in their transaction accounts anytime but also want their “idle funds to generate profits.” When activating the “Automatic Profit Generation” feature on Techcombank Mobile, the standard amount, set at 10 million VND in the customer’s transaction account, will earn an interest rate of 0.1% per year, similar to a regular demand deposit account. Amounts exceeding 10 million VND will be transferred to the automatic profit balance, with a daily interest rate of up to 3.3% per year, according to the bank’s policy at different periods. Customers can flexibly adjust the standard threshold above 10 million VND on the Techcombank Mobile app to optimize their personal cash flow.
Importantly, with “Automatic Profit Generation,” customers can still fully use the entire current balance in their transaction accounts whenever they need to spend or make payments. When a customer has a higher transaction amount than the remaining balance in the transaction account but still within the total available balance, the “Automatic Profit Generation” feature will transfer the required amount from the automatic profit balance back to the regular transaction account. The remaining balance displayed in the “Automatic Profit Generation” will continue to generate profits at the same interest rate. The automatically transferred amount to the regular transaction account will include corresponding interest based on the “Automatic Profit Generation” policy.
Sharing about the “Automatic Profit Generation” feature, Mr. Nguyen Anh Tuan, Head of Retail Banking Division, Techcombank, said: “With the vision of “Transforming the Financial Industry, Elevating Living Standards,” Techcombank always leads in bringing digital utilities and superior customer experiences. The “Automatic Profit Generation” feature is evidence of our ongoing efforts to create superior utilities for customers, affirming Techcombank’s role in personal financial management, helping each customer achieve their individual wealth objectives and reducing financial concerns.”
 |
The “Automatic Profit Generation” feature offered by Techcombank marks the first time a Vietnamese bank has introduced an optimal solution that allows customers’ idle funds in transaction accounts to automatically generate daily profits. Moreover, once again, this feature demonstrates Techcombank’s prowess in its digital transformation journey, being a pioneer in offering free online electronic transfer transactions while also being at the forefront of implementing a feature that helps idle funds generate automatic profits. In 2016, Techcombank was the first bank in the market to announce a policy of free online electronic transfer transactions – Zero Fee and since then created a ripple effect throughout the banking system. The “Automatic Profit Generation” feature is also expected to help Techcombank continue to enhance customer satisfaction.
Through the superior “Automatic Profit Generation” solution, Techcombank aims to provide conditions that enable all customers to achieve their financial goals faster while still optimizing their funds when needed to carry out business plans or life expectations.
Information about TECHCOMBANK
Techcombank – Vietnam Technological and Commercial Joint Stock Bank – with the vision of “Transforming the Financial Industry, Elevating Living Standards” is one of the largest joint-stock banks in Vietnam and among the leading banks in Asia. Pursuing a customer-centric strategy, Techcombank currently provides diverse financial solutions and banking services to over 13 million customers, including individuals and businesses, through its nationwide branch network and leading digital banking services. The bank’s ecosystem approach and partnerships in key economic sectors contribute to Techcombank’s differentiation in one of the fastest-growing economies in the world. The bank is listed on the Ho Chi Minh Stock Exchange (HoSE) with the ticker symbol TCB.
Best Bank in Vietnam 2023 – Finance Asia
- Top 163 Most Valuable Global Banks 2023, with a brand value of 1.4 trillion USD – The Brand Finance
- “Best Retail Bank in Vietnam” and “Best Private Retail Bank in Vietnam” 2023 – The Asian Banker
- “Best Bank in Vietnam 2023” – Triple A Awards
- “Best Workplace 2023” – Great Place to Work
