Accordingly, all three banks, Sacombank, Vietinbank, and VPBank, have adjusted SMS Banking fees based on the actual number of messages generated, instead of applying a fixed monthly fee as before.

Illustration photo: VNA

For example, at Sacombank, the lowest SMS Banking fee is 16,500 VND/month, for accounts receiving less than 30 messages per month. For accounts with more than 30 SMS messages per month, the fee is 550 VND per message.

At VPBank, instead of the fixed monthly fee of VND12,000 as before, customers will pay fees ranging from VND11,000 to VND77,000, depending on the amount of messages generated.

Banks said the move was aimed at encouraging customers to receive transaction notifications through the app, and this has become a trend.

MR. NGOC

* Please visit the Economics section to see related news and articles.