How much is the transfer limit at MBBank? Guide to setting up MBBank transfer limit

MBBank is one of the leading reputable banks in Vietnam with a large customer base. One of the most popular services of MBBank is money transfer. Do you know the transfer limit of MBBank? Let’s find out in this article.

Introduction to MBBank

MBBank is short for Military Bank (Vietnam), established in 1994. As a military enterprise under the Ministry of National Defense, MBBank receives a lot of support from the state and various agencies and units within and outside the Vietnamese military.

MBBank provides a variety of products and services, including payment accounts, credit cards, debit cards, personal and corporate loans, deposits and investments, foreign exchange services, and other services. These services are provided through a network of over 100 branches and more than 190 transaction points nationwide, representative offices in Russia, Laos, and Cambodia.

MBBank is highly regarded for its operational efficiency and is one of the leading banks in the use of advanced technology and the provision of convenience services to customers.

Understanding the transfer limit of MBBank

What is the transfer limit of MB?

The transfer limit of MBBank is the maximum amount that customers can transfer from their MB account to another account in one transaction or within one day.

Each customer will have a different transfer limit. When making a transfer, customers are not allowed to transfer beyond the specified limit. If the transfer exceeds the limit, the system will report an error and the transfer transaction cannot be completed.

How to check the transfer limit of MBBank

Check the transfer limit of MBBank through the app

Step 1: Open the MBBank app on your mobile phone and log in to your account.

Step 2: Click on the View Account section.

Here, you will see information about the balance of your source account and cards. Click on the Card section to view the transfer limit.

Check the transfer limit through MB Internet Banking

The second way to check the transfer limit of MBBank is through the MB Internet Banking service. The steps are as follows:

Step 1: Access MB’s Internet Banking through this address and log in to your account by entering your Username, Password, Captcha Code, and click Login.

Step 2: Select Menu > Information > Balance/Account.

At this point, all the information you need will be displayed on the screen.

Check the transfer limit of MBBank by calling the call center

You can contact MBBank’s call center at the hotline 1900 54 54 26 (909đ/minute) to inquire about the transfer limit. Then, the call center agent will ask you to provide some information such as: Full name, ID card/passport, Account number,… After verification, the MB call center agent will provide you with your transfer limit.

Check the limit at MBBank branch/transaction office

The final way you can do is to go directly to the MBBank branch/transaction office for assistance from the bank’s staff.

MBBank’s money transfer methods

Transfer money through the MBBank app

This is a familiar and convenient method of money transfer chosen by many people. You just need to download the MBBank app and register an account to be able to transfer money quickly to accounts within the same bank or other banks.

In addition, the app also allows you to perform other types of transactions such as bill payment, online shopping payment, purchase of phone cards, tuition payment, loan settlement, etc.

Transfer money at ATMs

ATMs are also used for money transfers with very simple steps. You just need to go to the nearest MB ATM, insert your card in the card slot, and then follow the instructions on the ATM to transfer money quickly.

Transfer money at MBBank branch/transaction office

If you find it difficult to transfer money yourself, you can go directly to MBBank’s branch/transaction office to get assistance from the bank tellers. You can use cash or funds in your account.

What is the transfer limit of MBBank?

The transfer limit of MBBank depends on the method of transfer. The transfer limits for MBBank app are as follows:

Transaction Type	Limit
Transfer to other banks	Maximum 300 million VND/day
Transfer to ATM card number	Maximum 300,000,000 VND
Interbank transfer	From 500 million to 2 billion VND, depending on the account type
Transfer to MBBank payment account	From 500 million to 2 billion VND
International transfer	Maximum 100,000 USD (or equivalent in other currencies) per transaction

Transfer limit at the teller counter

If you transfer money directly at the teller counter of MBBank, there is no limit set. That means you can transfer any amount you want. There are two ways to transfer at the teller counter as follows:

• Cash transfer: You will give cash to the MBBank teller to transfer to the beneficiary instead of you. You just need to bring cash and provide the account number and beneficiary information.
• Transfer within the account: If you have funds in your MB account but don’t have the app to transfer online or the transfer amount exceeds the limit on the app, you can do it at the bank. You will authorize the bank to withdraw money from your account to transfer to the beneficiary based on that authorization.

Transfer limit on MB BankPlus

The transfer limits through the MB BankPlus service are as follows:

Transaction	Limit
Minimum transfer amount: 10,000 VND/transaction
BankPlus Eco package	20 million VND/transaction and 50 million VND/day
BankPlus Pro package	100 million VND/transaction and 200 million VND/day
BankPlus Agent package	100 million VND/transaction and 500 million VND/day
BankPlus Online package	5 million VND/transaction and 10 million VND/day

Transfer limit at ATM

When transferring money by card at the ATM, the limits will vary depending on the card type. Specifically, as follows:

Card Type	Limit
Domestic debit card – Silver	10 million VND/day
Domestic debit card – Gold	15 million VND/day
Domestic debit card – Diamond	20 million VND/day
MB Visa Debit Platinum International Debit Card – White Gold	100 million VND/day

Overdraft limit at MBBank

The overdraft limit at MBBank is very high, up to 5 billion VND if there are collateral assets for individual customers.

The maximum unsecured overdraft limit is 1 billion VND. The overdraft limit is granted based on income and rank if the customer is a military personnel.

Customers can negotiate the desired loan limit. MBBank will be flexible in providing a suitable overdraft limit for each customer.

How to set the transfer limit of MBBank

If you want to change the transfer limit of MBBank, the only way is to increase the limit of that account.

How to increase the transfer limit at the teller counter

Step 1: You will prepare the documents, including ID card/Passport, and bring them to the branch/transaction office of MBBank.

Step 2: When you meet the teller at the counter, inform them about your need to increase the transfer limit.

Step 3: The teller will provide you with a form, fill in all the required information according to the instructions, and submit the form with your ID card.

Step 4: The bank will verify and confirm. If it meets the requirements, the bank will increase the transfer limit according to your request.

Note: Please go to the MBBank branch/transaction office during working hours from Monday to Friday, 8:00 AM to 5:30 PM.

How to increase the transfer limit of MBBank through the app

If you have the MBBank app and don’t want to go to the branch/transaction office, you can increase the transfer limit through the app as follows:

Step 1: Access the MBBank app on your phone and log in to your account.

Step 2: Select the Utilities section > Scroll down and select Change transfer limit.

Step 3: There are four transaction packages: Basic Package, Standard Package, Advanced Package, and Low Limit Package. The package you are using will display In Use below. Here, you will choose a higher package that you desire.

Step 4: You can click on features such as: Transfer outside MB, Transfer within MB, Transfer to MBS account,… to view the account limit of the package you are interested in. If it is suitable, click Select this package.

Step 5: Enter the Digital OTP PIN code to confirm the change of transfer limit. Then, a notification will appear to inform the successful change of the account package.

How to increase the transfer limit of MBBank through the BankPlus app

If you are using the MB BankPlus service to transfer money and want to increase the transfer limit, change the BankPlus service package to a new package with a higher limit.

To do this, first you need to cancel the current BankPlus service package. Then, bring your personal documents to MBBank’s branch/transaction office to re-register.

What is the transfer fee of MBBank?

Parallel to the different transfer limits, the transfer fee of MBBank also varies depending on each transfer method.

Transfer fee through the MBBank app

Express Transfer: 0.015% of the amount. Minimum 10,000 VND. Maximum 1,000,000 VND.

Normal Transfer:

• Above 500,000,000 VND: 0.015% of the amount. Minimum 10,000 VND.
• Below 500,000,000 VND: 0.03% of the amount. Minimum 1,000,000 VND.

Transfer fee at the teller counter

Customer	Transaction	Fee
Individual	Below 500,000,000 VND	10,000 VND/transaction
Above 500,000,000 VND	0.02% of the amount Maximum 1,000,000 VND/transaction
Business	Same province, same city	0.035% of the amount/transaction Minimum 10,000 VND Maximum 1,000,000 VND
Other province, other city	0.06% of the amount/transaction Minimum 20,000 VND Maximum 1,000,000 VND
Non-MB account holder	Receiving money with ID card in the system	Free
Receiving money with ID card outside the system	0.03% of the amount/transaction Minimum 20,000 VND Maximum 1,000,000 VND

Transfer fee through the MB BankPlus service

• Transfer to card number: 10,000 VND/transaction.
• Transfer to account number: 10,000 VND/transaction.
• Transfer with ID card: 20,000 VND/transaction.

Frequently asked questions

Is there any fee for setting the transfer limit of MBBank?

The answer is NO. Although increasing the transfer limit does not incur a fee, if you request to change the service package from Basic to Advance, you will incur a monthly maintenance fee of 10,000 VND/month.

What is the monthly transaction limit for MBBank?

It is the maximum amount you are allowed to transact within a month.

What is the monthly transfer limit of MBBank?

Currently, MBBank does not specify a transfer limit for MB in a month. You only need to pay attention to the transfer limit per day and the limit of each transaction to avoid errors or inconveniences when transferring a large amount.

Can I decrease the transfer limit of MBBank?

The answer is NO. You can only increase the transfer limit of MBBank, not decrease it. Furthermore, decreasing the limit does not provide any benefits, and it is not related to whether there is a fee or not. Therefore, you should keep the current limit or increase it if you have a need to transfer a larger amount than the current limit.

Conclusion

Above is all the information about the transfer limit of MBBank that FPT Shop wants to share with you. If you regularly perform money transfers through MB Bank, you must understand this to avoid affecting your needs.