Golf Membership Time Deposit is a cooperated product between Shinhan Bank in Vietnam and golf clubs providing golf memberships to customers. Customers open account to become golf clubs’ members and agree to pay annual membership fee by the accounts’ interest amounts.

Eligible customers

Resident entity

Non–resident entity, including: Embassy, consulates, representative agencies of international organizations in Vietnam; representative offices, project offices of foreign organizations in Vietnam.

Product features

Account currency: VND only

Tenor: 24 months

Account renewal: Not allowed

Depositing and receiving payments must be made through customers’ Demand account.

Interest payments are made on a yearly basis, and the yearly interest amount is automatically credited to the golf clubs’ accounts for the agreed-upon membership fee.