Proactively Seize Exchange Rates – Smart Financial Solutions by Sacombank

Lock in Costs with Forward Exchange Rate Service

For significant expenses like tuition fees or personal allowances, Sacombank’s forward exchange rate service stands out as a leading solution in today’s market. This mechanism allows customers to lock in their desired exchange rate at the time of the transaction, without requiring immediate full payment—only settling at maturity.

This means parents can “lock in” tuition costs when they find a favorable exchange rate, without worrying about subsequent fluctuations. It’s akin to having “exchange rate insurance,” enabling users to fix their budget and plan long-term finances proactively.

For instance, a family preparing $30,000 for tuition fees later in the year can lock in the exchange rate now instead of anxiously monitoring daily rates. This ensures the VND amount remains unchanged until payment, regardless of market volatility. With transaction limits up to $100,000, competitive rates, and access to diverse currencies—including less common ones like Swiss francs or Swedish krona—Sacombank’s forward rate service ensures peace of mind for large-value transfers.

Flexible Currency Purchases with Sacombank Pay

Alongside its forward rate service for long-term needs, Sacombank offers instant foreign currency purchases via the Sacombank Pay app. Ideal for short-term or unexpected needs like travel, business trips, or visits, customers can buy up to $5,000 per transaction, lock in rates on their phone, and collect cash at any Sacombank branch. This streamlines urgent business trips, family vacations, or overseas medical plans without lengthy preparation.

Sacombank Pay not only simplifies daily financial transactions like transfers, bill payments, and QR payments but also empowers users to control their currency exchange timing. This fusion of digital banking technology and modern financial needs sets it apart.

International Technology – Ensuring Security

At the core of these innovative features is Sacombank’s international technology platform. The bank has fully transitioned to SWIFT’s ISO 20022 (MX message) standard ahead of the November 2025 deadline. This standard enables more detailed data transmission, higher automation, and reduced processing errors.

For customers, this translates to faster, more transparent foreign exchange transactions, minimizing rejections from overseas banks due to non-standard formats or missing details. Whether purchasing a few thousand dollars for travel via Sacombank Pay or transferring tens of thousands for tuition, every transaction is backed by cutting-edge international technology, ensuring unparalleled confidence.

Exchange rate volatility is a given in global finance, but individuals can maintain control over their spending plans. Through its forward rate service and Sacombank Pay’s currency pre-purchase option, Sacombank pioneers a comprehensive forex solution—offering long-term stability and short-term flexibility for all customers.