BIDV launches "Group Account": A transparent and convenient solution for managing shared funds on SmartBanking
In response to the growing demand for diverse group fund management, from parent funds, friend funds, charity funds to sports funds and clubs, BIDV has launched the "Group Account" product on the BIDV SmartBanking digital banking app. This is considered a breakthrough solution, helping customers manage shared funds transparently, save time, and enhance their digital experience.
Group Account: Easy Fund Management – Enjoy Shared Fun
With the "Group Account," customers no longer have to use manual ledgers or cumbersome Excel spreadsheets to record income and expenses. All transaction information is displayed directly on the app, making it easy for members to track the income and expenses of the shared account.
In particular, the product provides maximum transparency: the fund manager can add an unlimited number of members using the phone numbers registered with BIDV; all members can track balance fluctuations, but only the fund manager has the right to spend from the account. This clear division of authority helps eliminate unnecessary disputes, while enhancing security and reliability in group financial management.
Digital tools for "Treasurer 4.0"
"Group Account" is the optimal solution for many community needs: from parent funds, classrooms, groups of friends, volunteer groups to sports clubs. With simple online operations, customers can create accounts, add members, and start managing funds in just a few minutes.
This is not just a banking product, but also a digital tool for community life, helping groups have more time to focus on meaningful activities instead of spending time on manual management.
Guide to opening a "Group Account"
Customers simply need to follow 4 steps on the BIDV SmartBanking app:
Note: Members must have an account opened at BIDV.
A BIDV representative said: "The launch of the 'Group Account' product is part of the strategic direction to develop the BIDV SmartBanking version X digital bank, aiming to provide customers with a modern, secure, and convenient experience. We believe that the product will become a useful tool, contributing to increasing transparency and community cohesion."
With this new product, BIDV continues to affirm its pioneering role in applying technology to daily financial life, accompanying all customer needs in the digitalization journey, towards a modern and sustainable community.