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As of now, there are hundreds of different banks present and operating in Vietnam. Each bank has its own advantages and disadvantages and provides ATM card services accordingly. Therefore, users often ask which bank's ATM card to get in 2018 for the most benefits, convenient services, and so on...
Which bank's ATM card should you get in 2018
To choose a bank for your ATM card, consider the following criteria:
1. Card usage fees
When obtaining an ATM card, banks usually introduce card issuance fees, which may occur during card issuance or be deducted during card usage (e.g., requiring a minimum account maintenance fee of 50,000 VND)... depending on each bank's policy.
Most banks integrate various types of fees on their ATM cards such as transfer fees, annual fees, ATM withdrawal fees... Each bank applies different prices for these fees, so banks with lower card usage fees are often preferred by many.
2. Popularity of ATM cards in different regions
Getting an ATM card also depends on the criterion of the popularity of ATM cards in different regions. For example, in rural areas, only Agribank offers ATM services, so you should get an Agribank ATM card. In case of emergencies, you can quickly and efficiently resolve issues by visiting Agribank.
3. Density of ATM machines
The density of ATM machines is also a necessary criterion to evaluate which bank's ATM card to get. In large cities, there is high demand for ATM withdrawals, and banks have many branches, so each bank has many ATMs. In each district, each bank will have at least one ATM.
In rural areas where the economy is underdeveloped, there are few ATMs, primarily Agribank ATMs. Therefore, depending on your living area, choose which bank to get your ATM card from.
4. Withdrawal limits per transaction or per day
Not all the money in your ATM card can be withdrawn in one transaction at an ATM; instead, banks impose limits on withdrawals. For example:
- Vietcombank limits withdrawals to a maximum of 5,000,000 VND per transaction and 50,000,000 VND per day.
- BIDV limits withdrawals to a maximum of 5,000,000 VND per transaction and 50,000,000 VND per day.
- ACB limits withdrawals to a maximum of 5,000,000 VND per transaction and 40,000,000 VND per day.
- Sacombank limits withdrawals to a maximum of 10,000,000 VND per transaction and 100,000,000 VND per day.
=>What is the maximum withdrawal limit per day for Vietcombank ATMs?
5. Security level of ATM cards
According to regulations from the State Bank of Vietnam, ATM cards with EMV chips meet high-security standards. Therefore, to ensure high security for your ATM card, choose a bank that issues EMV chip cards.
Transactions such as utility bill payments, transfers, withdrawals... can now be done using ATM cards instead of visiting a bank. With an ATM card, you can reduce the risk of losing money or falling victim to theft. Hence, ATM card usage is becoming more common, and most businesses and companies pay salaries through this method.
Based on the criteria above, surely you have an answer to the question of which bank's ATM card to get. Each bank has its own pros and cons, so you should carefully consider to choose the right bank that meets your needs.
