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In today's era, managing finances, withdrawing cash, paying bills, and transferring funds using ATM cards is not a novelty. To save costs, many people hesitate about which bank offers free ATM cards and which bank to choose before applying for one.
Explore the list of banks providing free ATM cards below, helping you make informed decisions and choose the bank with the best card services.
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1. What is an ATM card? Common Types of ATM Cards
An ATM card is a modern payment method developed by banking organizations, issued to registered cardholders for transactions (cash withdrawals, transfers, bill payments, etc.) within the account balance or credit limit of the card.
Popular Types of ATM Cards:
- Debit Card: This payment card allows you to spend only the amount available in the card. If the account balance is insufficient or falls below the reserve limit, transactions on the account cannot be conducted. To continue using the card, you need to deposit more funds into the account.
- Credit Card: This payment card enables you to 'spend first, pay later.' Depending on your asset value, the bank will issue a credit card with an appropriate limit. After using the credit card, you must repay the spent amount to the bank from the statement date. If you exceed the card limit, the bank applies interest on the excess spending according to regulations.
- Prepaid Card: This type of card can be used for gifting to family, friends, or business partners. You only need to load money into the account to use the card for payments and spending within the card's limited amount. Currently, this type of card is less commonly used by people.
2. Banks Providing Free ATM Card Services
Currently, there are numerous banks offering free domestic and international ATM card services. Readers should consider the popularity of banks, the perks associated with card issuance, card usage fees, and individual needs when selecting a suitable bank for obtaining an ATM card.
2.1. Banks Offering Free Debit Card Services
Currently, VPBank, DongA Bank, PVCombank, SeaBank, TP Bank, etc., are commercial banks currently offering free issuance of domestic debit cards to customers.
For international debit card variants (Visa, MasterCard, etc.), individuals holding accounts at ABBank, ACB, BIDV, HSBC, HDBank, etc., also enjoy a 100% fee waiver for card issuance.
Details of banks offering free domestic and international debit card services are summarized in the table below, compiled by Mytour.
Banks providing free Visa cards, banks offering free international debit cards.
2.2. Banks Offering Free Credit Card Services
Similar to debit cards, credit cards are categorized into two main types: domestic credit cards and international credit cards. As of now, only ACB bank does not charge a fee for issuing domestic credit cards. All other banks apply a fee for issuing domestic credit cards to customers.
For the international credit card market, banks like ABBank, Maritime Bank, Eximbank, SeABank, Techcombank, etc., are currently offering free card issuance to customers.
You can refer to the list of banks providing free credit card issuance in the table below and choose the bank that offers the best credit card services for you.
Which banks offer free credit card issuance? The list of banks providing free international credit card issuance.
With the insights shared in this Mytour article, you now have the essential information about banks offering free ATM card services, right? Consider your actual card usage needs and compare the card usage fees of each bank to choose the most suitable and cost-effective ATM card type.
In addition, to optimize card usage costs, you should also refer to articles sharing information about banks offering free cash withdrawals, domestic and international transfers by Mytour. By combining information from these two articles, you can explore, compare card usage fees among banks and choose the best bank for opening your card.
