Hi Business
Digital banking for companies
Spend more time running your business
Spend more time running your business and less time doing your banking with Hi Business – a highly-secure 24/7 internet banking service for your business.
Characteristics
- It is a banking service product that allows customers with business accounts to perform various financial transactions such as fund transfers, monthly salary payments/payroll for employees, bill payments, and other financial services, as well as conveniently manage the company’s accounts.
- Access to the Hi Business system is available through two channels: via the mobile application (Hi App) and via various web browsers such as Internet Explorer, Microsoft Edge, Firefox, and Chrome.
- It is a banking service product that allows authorized merchants to provide financial services to customers, such as deposit services, cash withdrawal services, and other related transactions. The system can be accessed through the Phongsavanh Bank website using various web browsers, such as Internet Explorer, Microsoft Edge, Firefox, Chrome, and others.
Benefit
- Hi Business offers a wide range of services that make your financial transactions simple, time-saving, cost-efficient, and convenient at your fingertips.
- You can view account activities and manage your accounts easily.
- You can generate account statements through Hi Business and have them securely delivered to your email.
- You can conveniently perform deposit and withdrawal transactions between accounts.
- You can process monthly salary payments for your employees.
- You can easily pay various utility bills.
Fees
| S/N | Descriptions | LAK | USD | THB |
|---|---|---|---|---|
| 1 | Registration | No fee | No fee | No fee |
| 2 | Request a new password (forget password) | Waive | Waive | Waive |
| 3 | Request for changing the information (Telephone number, e-mail) | Waive | Waive | Waive |
| 4 | Correcting an erroneous transaction | Waive | Waive | Waive |
| 5 | Fund transfer between PSVB accounts | |||
| 5.1 | Accumulated transaction limit does not exceed 20,000,000 LAK/month | Waive | Waive | Waive |
| 5.2 | Transaction limit 20,000,001 – 30,000,000 LAK/transaction | Waive | Waive | Waive |
| 5.3 | Transaction limit 30,000,001 – 40,000,000 LAK/transaction | Waive | Waive | Waive |
| 5.4 | Transaction limit 40,000,001 – 50,000,000 LAK/transaction | Waive | Waive | Waive |
| 5.5 | Transaction limit 50,000,001 – 60,000,000 LAK/transaction | Waive | Waive | Waive |
| 5.6 | Transaction limit 60,000,001 – 100,000,000 LAK/transaction | Waive | Waive | Waive |
| 5.7 | Transaction limit 100,000,001 – 300,000,000 LAK/transaction | Waive | Waive | Waive |
| 5.8 | Transaction limit 300,000,001 – 500,000,000 LAK/transaction | Waive | Waive | Waive |
| 5.9 | Transaction limit 500,000,001 – 1,000,000,000 LAK/transaction | Waive | Waive | Waive |
| 5.10 | Transaction limit greater than 1,000,000,001 LAK/transaction | Waive | Waive | Waive |
| 6 | Money exchange fee | |||
| 6.1 | LAK-USD (limit 2,000,000/day/customer) | According to the policy for each period | ||
| 6.2 | LAK-THB (limit 8,000,000/day/customer) | According to the policy for each period | ||
| 6.3 | USD-LAK or THB-LAK or THB-USD or USD-THB | According to the policy for each period | ||
| 7 | Merchant QR code (My QR) | No fee | No fee | No fee |
| 8 | Monthly fee (IB individual user via web application) | Waive | Waive | Waive |
| 9 | Monthly fee (company) | Waive | Waive | Waive |
| 10 | Payroll | 500 LAK | 0.05 USD | 1.43 THB |
| 11 | Correcting a transaction for payroll | No fee | No fee | No fee |
| 12 | Inter-bank transfer RTGS/ACH system | |||
| 12.1 | Transaction limit 0 – 99,999,999 LAK/transaction | 9,000 LAK | 0.82 USD | 25.71 THB |
| 12.2 | Transaction limit ≥ 100,000,000 LAK/transaction | 15,000 LAK | 1.36 USD | 42.86 THB |
| 13 | Request an online transaction statement | Waive | Waive | Waive |
Eligibility requirements
Entity customers, whether Lao or foreign, regardless of whether they already have the Hi Business product issued by Phongsavanh Bank or not, are eligible to use Hi Business (full version):
- Users must have at least one Phongsavanh Bank product, such as a savings account, personal deposit account, current account, cash management account, or Premier account (any one of these accounts is acceptable).
- Users must use a smartphone with a mobile phone number that has not been previously registered for Hi Business.
Supporting documents
Large merchants with branches/counters/cashier points – Lao corporate customers
- Must provide valid identification documents such as: National ID card, Family Book, or Passport.
- Must provide business-related documents: Business Registration Certificate, Tax Registration Certificate, Board Resolution/Agreement (required when there are multiple authorized signatories), and the Company Seal.
- Hi Business application form.
Large merchants with branches/counters/cashier points – foreign entity customers
- Must provide valid identification documents such as: Passport, Resident Permit, Work Permit, Visa.
- Must provide business-related documents: Business Registration Certificate, Tax Registration Certificate, Board Resolution/agreement (required when there are multiple authorized signatories), and the company seal.
- Hi Business application form
Small businesses – Lao entity customers
- Must provide valid identification documents such as: National ID card, Family Book, or Passport.
- Hi Business application form.
Small businesses – foreign entity customers
- Must provide valid identification documents such as: Passport, Resident Permit, Work Permit, Visa.
- Hi Business application form.
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