Bulk Collection is the active cash collection service in which a corporate customer (as a Payee) can request the bank to credit its account with the amount collected from accounts of their various individual and/or corporate business partners (Payers). These Payers must have signed debit mandate(s) to authorize the bank to direct debit their accounts in order of the Payee.
Organizational customers do not use Firm Banking service when making banking transactions.
Both credit and debit accounts must be with the Shinhan Bank.
Currency applied for this service is VND.
Transaction history is available with account statements for both the Payer and the Payee, which can be retrieved by passbook printing, internet banking or paper based. The Payee can request for transaction reports sent to designated email address.