Buzz
In July 2018, major banks in the Vietnamese banking system announced adjustments and increases in service fees. Vietcombank, being one of the prominent banks, witnessed the highest fee adjustments for card usage, eliciting diverse opinions from its users.
Compilation of fees on Vietcombank ATM cards
So what are the actual fees on Vietcombank ATM cards? Let's explore in the article below with Mytour!
1. Types of ATM cards provided by Vietcombank.
2. Fees on Vietcombank ATM cards.
3. Transaction fees, payments on Vietcombank ATM cards.
1. Types of ATM cards provided by Vietcombank
- Debit cards
+ Domestic debit cards: Vietcombank connect 24, domestic debit card in collaboration with Vietcombank - AEON, domestic debit card in collaboration with Co.opmart - VietCombank, student-linked cards.
+ International debit cards: Vietcombank visa Platinum, Vietcombank MasterCard, Vietcombank UnionPay, Vietcombank Cashback Plus American Express, Vietcombank Connect 24 Visa and international debit cards in collaboration with Saigon Centre - Takashimaya - Vietcombank Visa.
- Credit cards
+ Vietcombank Master World credit card, Vietcombank Cashplus Platinum, Vietcombank VietNam Airlines Platinum American Express,..., and some international credit cards in collaboration with brands such as Vietcombank Diamond Plaza Visa, Vicombank Vietravel Visa, Saigon Centre - Takashimaya - Vietcombank Visa, Saigon Centre -Takashimaya - Vietcombank JCB,..
2. Types of fees on Vietcombank ATM cards
To enhance the security level during customer transactions, in July 2018, the types of fees on Vietcombank ATM cards were changed as follows:
- Basic ATM card usage fee
+ Card issuance fee.
The issuance fee for domestic debit and international debit cards at Vietcombank is 50,000 VND/card. For international debit cards (Vietcombank Visa Platinum, Cashback Plus American Express), customers are currently 'exempted' from the card issuance fee.
+ Card maintenance fee:
Domestic debit cards do not incur card maintenance fees (just maintain a minimum balance of 50,000 VND).
For Vietcombank Visa Platinum and Vietcombank Cashback Plus American Express international debit cards, customers must pay 30,000 VND/card/month for card maintenance. For other types of international debit cards, the card maintenance fee is 5,000 VND/month/card.
+ Card reissuance fee: Free for Vietcombank Visa Platinum international debit cards, Visa Platinum credit cards, Amex Platinum, other credit cards have reissuance fees ranging from 30,000 - 50,000 per card.
+ Various fees such as PIN reissuance fee, card renewal fee, lost or stolen card notification fee, credit limit change fee,... will be charged directly by the bank based on the cardholder's request during customer interactions.
3. Transaction fees, payments on Vietcombank ATM cards
According to these adjustments, the ATM withdrawal fee at Vietcombank's ATMs increases from 1,100 VND per transaction (2009 fee schedule) to 1,650 VND per transaction. For international debit cards, the ATM withdrawal fee at non-network ATMs is 10,000 VND per transaction. The withdrawal fee from foreign ATMs is 4% of the withdrawn amount + 2.5% (foreign exchange conversion fee).
The transfer fee at same-network ATMs is 3,300 VND/transaction, transfer fee at non-network ATMs for amounts less than 10 million VND is 5,500 VND/transaction (for amounts greater than 10 million VND, the transfer fee is 11,000 VND/transaction).
For credit cards, the over-limit fee ranges from 8% per annum to 15% per annum depending on the number of days and the amount exceeded.
Specifically, the types of fees on Vietcombank ATM cards are as follows:
The fee levels that Vietcombank applies to domestic debit cards
Fee levels applied by Vietcombank for international debit cards
Fee levels applied by Vietcombank for credit cards
4. Fees for using Vietcombank utilities
In addition to the ATM fees, if the account holder registers to use utilities such as Vietcombank internet banking, mobile banking, the account holder will have to bear the following additional fees:
- SMS banking service usage fee: 11,000 VND/month.
- Usage fee for VCB - IB@nking, VCB - Mobile B@nking, Mobile BankPlus services is 10,000 VND/month.
- Account management fee: 2000 VND/month.
Therefore, in addition to the direct fees applied on the card, if using Vietcombank's service utilities, customers will incur additional specific expenses (depending on the service used).
With the types of fees on Vietcombank ATM cards analyzed above by Mytour, consider your card usage purposes, monthly transaction needs to find the most suitable way to use the ATM card.
