LPBank waives 100% of fees for receiving or transferring money for international payment businesses.

The cost optimization problem of the enterprise Anh Quoc Viet, the owner of a seafood import-export business in Ha Long, said: “In the first months of the year, my company regularly imported goods from foreign partners. In particular, input costs from the import stage to storage and transportation have increased by 8% compared to normal. Therefore, the company is forced to find ways to reduce operating costs, manage human resources, optimize production lines and minimize other expenses to maintain operations”. The wish of Mr. Viet, as well as many import-export business owners who regularly have international payment transactions, is to be exempted from costs, especially money transfer fees. This helps businesses save on international transaction costs, focus resources on boosting production, and better serve customer needs.

Cost optimization is an issue that many businesses are concerned about in the context of a volatile market.

In reality, operating costs account for an average of 15 - 25% of a business's total revenue, of which banking service costs account for at least 1-2%, including fees such as; L/C notification fee; L/C opening fee; Domestic transfer fee; International payment fee, etc. Although accounting for a small proportion of costs, for many businesses with continuous cash flow, optimizing banking service costs is still a regular and continuous desire to support and promote business activities, especially in the context of a volatile trading market, low consumer demand and narrowed profit margins. LPBank fully supports businesses Understanding the concerns of businesses in the current challenging context, LPBank has implemented many programs to accompany corporate customers, in which the preferential program for international payment fees "Free money transfer - Business as desired" is capable of meeting diverse needs and optimizing costs for businesses.

LPBank launches International Payment Fee Incentive program for corporate customers

The highlight of the program is the preferential reduction of international money transfer costs to a very competitive and attractive level in the market. Accordingly, LPBank exempts 100% of the fee for receiving money for all corporate customers who meet the requirements as prescribed, and 100% of the fee for issuing money transfer orders for new customers until June 30, 2024. The Bank also applies a maximum preferential reduction of 50% for many types of fees on; issuing money transfer orders, paying collection documents, issuing L/Cs, paying L/C documents, and paying export L/Cs. The program is implemented until December 31, 2024, applicable to corporate customers using International Payment products (inbound/outbound money transfers, import/export collection, export/import L/Cs) for the purpose of paying for the import and export of goods and services. Through flexibly designed policies and incentives, LPBank not only provides the market with products and services that are "tailored" to the needs of each customer segment and business, but also creates favorable conditions for businesses to proactively choose to use, optimize resources, save time and operating costs to improve operational efficiency in international payments. For detailed information about the program, customers can find out at: https://lpbank.com.vn/khuyen-mai/chuyen-tien-mien-phi-kinh-doanh-nhu-y/

With the advantage of a large network in 63 provinces and cities across the country, LPBank strives to bring many financial solutions to corporate customers. At the same time, with the diversity of products and services while constantly improving the process to minimize loan documents and procedures, LPBank is ready to support and accompany businesses to confidently develop.

For advice on the program, businesses can contact LPBank Branches/Transaction Offices nationwide, or contact LPBank hotline: 1800 57 77 58 or 02462 668 668.

K.Oanh