Money Transfer

Send money locally and abroad

Fund transfer service

Send money across Laos or around the world through our ATMs, branches and partner networks.

Transfer via the ATM24/7 between PSVB accounts
Transfer via the branchNo account needed
Transfer between banksReceived in under 24 hours
Transfer via SWIFT100+ currencies worldwide
Western UnionExpress send and receive
Track SWIFT paymentsSWIFT GPI tracking

Transfer through the ATM

A funds transfer method from the account to another account across the country, convenient for Phongsavanh Bank card holders, with transaction services through ATMs 24 hours.

Convenient

Be paid immediately.
You can transfer up to 90,000,000 LAK/day for credit card and 99,000,000 Kip for the gold card, unlimited number.
Transferring has a pay slip as evidence.
Open 24 hours/day, 7 days/week.

Remittance conditions

Sender and receiver must have the account number and ATM card of Phongsavanh Bank Limited.

Procedure

1Bring the ATM card of Phongsavanh bank into ATM box.
2Press for your 4 code numbers.
3Select Lao language or English.
4Select type of Service to transfer money between accounts.
5Select the account you want to transfer out.
6Enter the amount you want to transfer.
7Enter account number of receiver you want to transfer to.
8Wait until the operating system completed and receive the slip.

Fees

Compensation services – to withdraw money with the branches in provinces

Fees
Transfer through	Currency	Fees
Phongsavanh bank	LAK	0.02%/1time, Mini 10,000 Kip, Maxi 1,000,000 LAK.
	THB	0.02%/1time, Mini 40 Baht, Maxi 4,000THB.
	USD	0.02%/1time, Mini 1 USD, Maxi 100 USD.

Note

Transfer within the same province does not pay any fees.
This transaction can transfer to the accounts of the same currency or foreign currency which will use the exchange rate on the day that determines the exchange rate.
Fees will be calculated automatically by the system at the rates above.

Domestic inward remittance
No	Descriptions	Services fees
1	Inward remittance via RTGS/ACH system	15.000 LAK, 2USD or 80THB /transaction
2	Inward remittance via AVIS	0.05%/transaction value minimum of 30.000 LAK/avis
3	Cheque collection/clearing service from other banks in LAK, USD, and THB	20.000 LAK/transaction

Outward remittance via RTGS/ACH system
Amount	Cash / saving account	Cheque transaction
LAK	≥ 100 LAK	15,000 LAK	30,000 LAK
< 100 LAK	9,000 LAK	30,000 LAK
USD	≥ 15,000 USD	3 USD / 24,000 LAK	5 USD / 45,000 LAK
< 15,000 USD	2 USD / 15,000 LAK	5 USD / 45,000 LAK
THB	≥ 400,000 THB	80 THB / 24,000 LAK	150 THB / 45,000 LAK
< 400,000 THB	50 THB / 15,000 LAK	150 THB / 45,000 LAK

Other domestic outward remittance
No	Descriptions	Services fees
2	Domestic remittance to other banks in USD and THB	USD 5 and THB 150/transaction
3	Request for Cashier cheque/ M-cheque issuance	LAK 20.000, USD 2, THB 80/transaction
4	Money transfer to another branch account within PSVB network	LAK 10.000, USD 1, THB 40/transaction
5	Money transfer within PSVB network using ID Card (without Bank account)	LAK 15.000, USD 2, THB 50/transaction
6	Amendment of money remittance	LAK 10.000/transaction
7	Cancellation of Money remittance instruction	LAK 20.000/transaction

1. Inward remittance via SWIFT system

1. Inward remittance via SWIFT system
No	Descriptions	Services fees
1	Inward remittance to USD account	0.1%, min USD 5, max USD 250
2	Inward remittance to THB account	0.1%, min USD 200, max THB 7,000
3	Inward remittance to LAK account	Nil
4	International Inward remittance for re-transfer to other banks domestically	0.1%, min USD 5, max USD 350 plus USD 2
5	Request for cancellation of Inward Remittance and refunding the sending bank	USD 5, THB 200/transaction

2. SWIFT remittances

2. SWIFT remittances
No	Descriptions	Services fees
1	US Dollar
–	Less than USD 10,000	USD 15/transaction (No SWIFT fee)
–	More than USD 10,000	0.1%, max USD 500, SWIFT fee USD 10
2	Euro	0.1%, min Euro 10, max Euro 500, SWIFT fee Euro 15
3	Thai Baht to Thailand
–	Up to 1,000,000 THB	0.10%, min 180 THB, max 400 THB / transaction
–	>1,000,000 - 5,000,000 THB	0.10%, max 500 THB / transaction
–	>5,000,000 - 8,000,000 THB	0.10%, max 2,000 THB / transaction
–	>8,000,000 - 10,000,000 THB	0.10%, max 3,000 THB / transaction
–	>10,000,000 THB	0.10%, max 5,000 THB / transaction
4	Chinese Yuan	0.1%, min Yuan 30, max Yuan 3,000; SWIFT Fee Yuan 100 /transaction
5	SWIFT Outward Remittance with "OUR" instruction	USD 30; THB 1,000 or THB 1,100/transaction
6	Amendment/Cancellation of SWIFT remittance Instruction	USD 40; THB 1,000; Yuan 50/transaction

3. Western Union remittance

3. Western Union remittance
No	Descriptions	Services fees
1	Western Union Remittance	Refer to the fee in Western Union system

4. Cross border payment at Laos – Vietnam border

4. Cross border payment at Laos – Vietnam border
No	Descriptions	Services fees
1	Inward remittance in Vietnamese Dong or Lao Kip	0.1%, min LAK 55,000/Dong 150,000; max LAK 2 million/ Dong 5 million
2	Outward remittance in Vietnamese Dong or Lao Kip	0.18%, min LAK 55,000/Dong 150,000; max LAK 4 million/ Dong 11 million
3	Amendment/Cancellation of remittance instruction	LAK 55,000/transaction, Dong 150,000
4	Outward remittance with "OUR" instruction	Plus actual fee charged by the receiving bank

5. Cheque collection from foreign banks

5. Cheque collection from foreign banks
No	Descriptions	Services fees
1	Cheque collection from banks in Thailand	0.2% of the cheque value, min THB 200/cheque and other fees (if any)
2	Cheque or traveler’s cheque in USD and other currency collecting from foreign banks	1% of the cheque value, min LAK 30,000 or equivalent to a cheque
3	Fees on Returned cheque	USD 15 and other fee claimed by correspondent bank
4	Collection of PSVB cheque from foreign banks	USD 30; THB 1,000/time

6. Cheque discount

6. Cheque discount
No	Descriptions	Services fees
1	Bank Draft (Payable at oversea banks)	0.1% of the amount, min USD 5

7. Import Letter of Credit (Import LC)

7. Import Letter of Credit (Import LC)
No	Descriptions	Services fees
1	Issuance fee	0.1%/ 3 months, min USD 50, and SWIFT fee USD 35
2	Trust receipt (TR)	Refer to lending policy
3	Collection under import LC	USD 10 and SWIFT fee USD 25
4	Discrepancy	USD 50
5	Sea way shipping guarantee issuance fee	USD 10/copy
6	Air way endorsed delivery order issuance fee	USD 10/copy
7	Transfer import LC	0.1%, min USD 20
8	Confirm import LC	Refer to correspondent bank’s fee
9	Amendment and cancellation fee on Import L/C
9.1	Fees on request for an increase in amount or an extension of tenor for L/C	0.1% of the increased amount or renewal period, min USD 10, SWIFT fee USD 25
9.2	L/C Amendment	USD 10 and SWIFT fee USD 25
9.3	L/C Cancellation	USD 15 and SWIFT fee USD 25

8. Export Letter of Credit

8. Export Letter of Credit
No	Descriptions	Services fees
1	Advice export LC	USD 20
2	Bill discount	0.2% of the amount, min USD 20, max USD 500 (if the repayment is made after the 7-days grace period, lending interest rate will be used), and actual courier fee
3	Amendment and cancellation fee	USD 10 and SWIFT fee USD 25
4	Confirmation of exporting L/C	Refer to correspondent bank’s fee
5	Collection under export L/C	USD 30 and actual courier fee
6	Discrepancy	USD 50
7	Packing credit	Refer to the facility approval (lending interest rate)

9. Bill for Collection, D/A, D/P

9. Bill for Collection, D/A, D/P
No	Descriptions	Services fees
1	Import bill for collection	0.1% of the amount, min USD 20, max USD 100 and SWIFT fee USD 25
2	Export bill for collection	USD 20 and actual courier fee
3	Returning of document	USD 100/copy
4	Checking the document	USD 20/application (next application is USD 10)

Personal

Money Transfer

Fund transfer service

Transfer through the ATM

Convenient

Remittance conditions

Procedure

Fees

Note

Transfer via the branch to the branch of Phongsavanh Bank Limited

Convenient

Remittance conditions

Procedure

Remittance between the banks

Convenient

Remittance conditions

Procedure

Domestic inward remittance

Outward remittance via RTGS/ACH system

Other domestic outward remittance

Remittance via SWIFT system

Your benefits

Remittance via SWIFT conditions

Procedure

Remittance services via Western Union system

Conditions – recipients

Conditions – remittance

Fees

1. Inward remittance via SWIFT system

2. SWIFT remittances

3. Western Union remittance

4. Cross border payment at Laos – Vietnam border

5. Cheque collection from foreign banks

6. Cheque discount

7. Import Letter of Credit (Import LC)

8. Export Letter of Credit

9. Bill for Collection, D/A, D/P

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