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Every bank has its own policy when it comes to issuing ATM cards to its customers, accompanied by terms and conditions to prevent disputes in case of emergencies. Owning 2, 3, or even more ATM cards from different banks is quite common. And the question arises, how long does it take for an ATM card to get blocked if it remains unused for an extended period?
How long does it take for an ATM card to get blocked?
Though each bank has its own rules, it's not difficult to know when an ATM card gets blocked because the card's expiration date is usually printed on the ATM card you are using.
Typically, a Vietnamese bank ATM card allows users to utilize it for 3 - 5 years. After that period, users need to visit the bank (depending on the bank) to renew the card and get a new one. This applies to both active and inactive users. For those who no longer use the bank's services, there's no need to visit the bank for cancellation or any action. The system will automatically cancel your card.
In case you don't use the card but there is still money in your account, the bank staff will contact you to inform you that the ATM card is expired and there is still money in your account.
When is an ATM card considered unused?
For an ATM card to be blocked due to non-usage, it simply means no transactions occur within the valid period of the card. Additionally, the account holds no funds. Cards of this nature are automatically canceled upon expiry.
What to do with an expired card?
In the event of card expiry, you must visit the bank's branches to complete the procedures for a new card issuance before further usage. Even if an ATM card has been inactive for an extended period, it may still be reissued, but there are limitations on the timeframe (depending on the bank).
Users should contact the bank's hotline for specific instructions if they wish to reactivate their ATM accounts.
Above are all the relevant details regarding the issue of ATM cards getting blocked due to non-usage that users need to know. As we mentioned earlier, while each bank has general regulations to adhere to, they also have specific rules. Users should contact the hotline to clarify any concerns they may have in case of issues.
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