Which banks in Da Nang open accounts for foreigners and how to deposit cash?

From messages by 3 participants in 2 sources · Last activity: 14 days ago

TL;DR

In Da Nang, foreigners can open accounts at Timo, BIDV, and Vietcombank. Cash deposits are possible via ATMs with cash-in function or by opening a local bank account.

What the community said

For regular larger transfers, consider spreading funds across accounts at two or three banks. One reported depositing a total of 5,000–6,000 per month without being questioned.

14 days ago 2–3 bank accounts; 5,000–6,000 per month

To deposit cash dong, the most reliable option is opening a local bank account and transferring funds there. Alternatively, local currency exchange offices can assist with moving money.

Local bank account or exchange office

Cash-in ATMs are not common in Da Nang. Even with Vietcombank or Agribank cards, depositing cash via ATM can be difficult — you need to specifically find ATMs with a cash deposit function.

Vietcombank, Agribank — cash-in ATMs

Foreigners in Da Nang have three main banking options: Timo (digital bank), BIDV, and Vietcombank. Each has its pros and cons, and some expats maintain accounts at all three.

Timo, BIDV, Vietcombank