How much are ATM withdrawal charges?

Understanding ATM Withdrawal Charges in Vietnam

Accessing cash while traveling in Vietnam can vary significantly depending on the bank and the type of ATM used. It is crucial for travelers to be aware of the withdrawal charges and daily withdrawal limits imposed by their banks to avoid unexpected expenses.

Free ATM Withdrawals

Some banks in Vietnam, such as TPBank and VPBank, offer free ATM withdrawals up to a certain amount. For instance, TPBank allows customers to withdraw up to 5,000,000 VND without incurring any charges at its ATMs.

Significant Fees

Other banks may impose substantial fees for ATM withdrawals. The amount of the fee can vary depending on the bank, the ATM location, and the amount being withdrawn. It is important to check with your bank or the ATM provider before making a withdrawal to determine the applicable fees.

Daily Withdrawal Limits

Banks typically impose daily withdrawal limits to prevent fraud and protect their customers’ funds. These limits vary from bank to bank, and it is essential to be aware of your bank’s policy before relying on ATM withdrawals for cash access.

Knowing Your Bank’s Policy

Before traveling to Vietnam, it is highly recommended to contact your bank and inquire about their ATM withdrawal policy. This information will include the fees charged, the daily withdrawal limit, and any other relevant details. By knowing your bank’s policy, you can budget your trip accordingly and avoid any surprises or inconveniences.

Planning Ahead

To minimize ATM withdrawal charges and ensure access to cash, it is advisable to plan ahead. Consider exchanging currency before your trip or using a travel card with low foreign transaction fees. Additionally, inform your bank about your travel plans to avoid any potential issues with ATM withdrawals.