Vietnamese Students Rent Out Bank Accounts for About 5 Million Dong Each per Month

A GPBank representative said on November 12, 2026, that some students receive about 5 million dong per month for each bank account they rent out. A third-year student in Hanoi opened 14 bank accounts; another female student opened eight accounts and served as the nominal director of two companies established for the group's activities.

Illustration of a student renting out a bank account.（VietVance）

The bank representative said those involved recruit students seeking money for living expenses by offering work described as assisting with payments or managing transactions. Participants must open bank accounts and hand over their bank cards, login details and SIM cards registered with the bank. Some also authenticate transfers as instructed without knowing the source of the money or the purpose of the transactions, becoming involved in the flow of funds through online gambling networks.

Lương Công Thành, head of the bank's information technology division, urged the public not to sell, rent out or lend bank accounts, or hand over bank cards, SIM cards, passwords, one-time verification codes or transaction authentication access to others. Anyone who has already handed over an account or transferred money at someone else's request should stop the transactions, contact their bank and report the matter to the police, while preserving relevant communications and transaction records.

Under Clause 5, Article 8 of Decree No. 52/2024/NĐ-CP, renting out or lending payment accounts is prohibited. From February 9, 2026, Decree No. 340 provides for fines of 50 million to 75 million dong for renting out or lending one to fewer than 10 accounts, and 75 million to 100 million dong for 10 or more accounts, where the conduct does not warrant criminal prosecution. People who rent out accounts may also face criminal charges.

Source: VietVance