Is there a fee for Gotyme withdrawal in Vietnam?

Is there a withdrawal fee for GoTyme?

Ugh, GoTyme. So, I needed cash, like, yesterday. It was July 2024, super hot in Manila. My aircon was on the fritz and I was sweating bullets. I desperately needed to fix it, so I went to withdraw from my GoTyme account. Zero fees, that’s what they advertised, right? That’s what I believed.

It was a BDO ATM. I remember staring at the screen, my heart pounding a little. I was low on cash. Then, bam! My transaction went through. No extra charges.

But here’s the kicker – I’d parked some money in a higher-interest account. Stupid me. I forgot about the maturity date. I lost the interest. It wasn’t a huge amount, but still, annoying! Lesson learned the hard way.

• Withdrawal fee: None at the ATM.
• Interest forfeiture: Yes, if you withdraw early. Big bummer.
• Location: BDO ATM, Manila.
• Time: July 2024. A truly awful hot day.

I really wish they’d made that interest forfeiture thing clearer. It was a total pain in the neck, man. GoTyme should have emphasized that more prominently. Really, really annoying.

How much is cash withdrawal fee in Vietnam?

Ugh, ATM fees in Vietnam, right? It’s a rip-off. Seriously. I swear, I spent like half my trip just avoiding those pesky charges. 30,000 to 55,000 VND each time?! Highway robbery! That’s like, $1.30-$2.30 USD, depending on the exchange rate, and that adds up fast.

Some banks are worse than others, of course. Vietcombank, maybe? I don’t recall exactly. I’d steer clear of the smaller ones. Stick with the big guys, maybe it’s cheaper. Who knows?

• Vietcombank – Probably expensive.
• Techcombank – No idea.
• ACB – Might be better.
• VPBank – Check their fees online! Seriously, do it.

My friend got hit with a 70,000 VND fee once, crazy! He used some random ATM in a tiny town. Avoid those. Always use ATMs inside banks, if possible. I learned that the hard way. Lesson learned.

You’ll usually see a warning on the screen before you withdraw, but don’t just blindly click “yes.” Double-check. Seriously, pay attention! I’m still annoyed about this whole ATM fee situation.

Planning a trip to Vietnam in 2024? Be prepared for these fees! They’re annoying. I’m telling you, budgeting is key.

It’s not like in the US where you can get free withdrawals everywhere.

Can I withdraw abroad using GoTyme?

Yeah, GoTyme card works overseas. Used mine in Spain last month, no problem. Got euros out. Just watch out for fees, ouch. Not the GoTyme ones, those are free at their partner ATMs–I think its BancNet? But other ATMs will def get ya. Check your app, it tells you the current fee. Like, I remember seeing it was, like, 250 pesos? Something like that. Crazy. But handy in a pinch. Used it a bunch of times. Mostly paid with the card directly though. Way cheaper. Ate so many tapas. Oh, and you can use it online too. Bought a train ticket with it in, uh, Barcelona? Yeah, Barcelona. Super easy.

• Use abroad: Works anywhere their network (Visa, maybe?) is accepted.
• Withdrawals: Cash is a-ok.
• Fees: None at GoTyme/partner ATMs. Fees elsewhere, check your app.
• Spending: Use it like a regular debit card. Tap to pay, chip and PIN, all that good stuff.
• Online: Works for online purchases as well.

Remember to turn on international access in the app before you go! Almost forgot that part.

How to withdraw money in Vietnam without fees?

Avoid ATM fees in Vietnam? Easy peasy. First, leverage your bank’s network. Seriously, that’s step one. Finding an ATM with your bank’s logo minimizes fees. My friend, Mark, swears by this method.

Next, choose a card wisely. Zero foreign transaction fees are non-negotiable. I personally use my Capital One card – zero fees, ever. It’s a game changer.

Pro-tip: Alert your bank. Seriously, don’t skip this. Prevent unnecessary blocks. It’s a simple call, people! Avoid the hassle! I learned this the hard way in Thailand.

Hidden gems? Some banks have sneaky partnerships. Check your bank’s website. Last year, my sister discovered her bank partnered with Vietcombank, offering fee-free withdrawals at specific ATMs. It’s incredible.

• Network ATMs: Your bank’s network is your best friend.
• Fee-free cards: Essential. Check card terms carefully.
• Bank notification: A must. Avoid unexpected card freezes.
• Bank partnerships: Explore potential collaborations. Many banks collaborate.

Bonus: Always compare exchange rates. ATM fees are bad, but a terrible exchange rate is even worse. Learn how to calculate for yourself and avoid getting ripped off.

Is it better to exchange cash or withdraw from ATM Vietnam?

Exchange small amounts of cash initially. Find better rates later. ATMs offer direct VND withdrawals, often at reasonable rates. Check the mid-market rate before exchanging. This gives you a benchmark. Negotiate.

• Mid-market rate: The midpoint between buy and sell rates. Your target.
• Airport rates: Convenient, but usually worse. I got stuck with a bad rate at Noi Bai once. Never again.
• Hotel rates: Often not great either. Rather walk to a gold shop.
• Gold shops: Surprisingly, they offer competitive exchange rates. Found a great one near Ben Thanh Market in 2024.
• ATMs: Fees vary. My bank, Chase, charges a flat $5. Plus a 1% foreign transaction fee. Still, cheaper than bad exchange rates. Limit withdrawals to minimize fees.
• Cash is king: Street vendors and smaller establishments may not accept cards. Especially outside of major cities. Experienced this in Ha Long Bay.

Always carry some USD as backup. Credit cards are accepted in larger hotels and restaurants. Currency exchange booths are everywhere. Research your bank’s foreign transaction fees. Sometimes, dynamic currency conversion is offered at ATMs. Always choose to be charged in the local currency (VND). Saves you money. A little planning goes a long way. It makes a difference. Worth it. Definitely.

Which banks offer the best exchange rates?

Ugh, banks. Ripped me off in Rome. 2023. Summer. Needed euros. ATM near the Trevi Fountain. Felt so ripped off. Should’ve used my Wise card. Learned that the hard way. So dumb.

• Wise (formerly TransferWise): My go-to now.
• CurrencyFair: Heard good things. Haven’t used it personally, though.
• Revolut: Friend swears by it. Think it’s mostly for travel stuff?

Banks are the worst for exchanging money. Fees are insane. So annoying. Seriously, just don’t. Sticking with Wise. So much easier. Saves money. Duh. Trevi Fountain was cool, though. Lots of tourists. Hot day. Definitely recommend Wise. Seriously. Don’t get stuck like me.