Can a foreigner get a debit card in Vietnam?

Eligibility for Foreigners to Obtain Debit Cards in Vietnam

Foreign individuals seeking to acquire a debit card in Vietnam should be aware of the country’s specific regulations. While it is possible for foreigners to obtain debit cards, there are certain conditions that must be met:

Residency Requirement:

The primary prerequisite for non-Vietnamese citizens to get a debit card is to have resided in Vietnam for a minimum of one year. This residency requirement ensures that the individual has established a stable presence within the country.

Account Opening:

Once the residency requirement has been fulfilled, foreigners can approach reputable banks in Vietnam to open a local bank account. Typically, the following documents are required for account opening:

• Valid passport with a valid visa (for a period exceeding one year)
• Work permit or business license
• Proof of address in Vietnam

Debit Card Application:

After successfully opening an account, foreigners can request a debit card from the bank. Most banks offer various types of debit cards, including basic, classic, and premium cards, each with its own set of features and fees.

Usage and Limitations:

Foreigners can use their Vietnamese debit cards to withdraw cash from ATMs, make purchases at POS terminals, and conduct online transactions within Vietnam. However, it’s important to note that international transactions may be subject to currency conversion fees and other charges.

Additional Considerations:

• Some banks may have additional eligibility criteria for foreigners, such as minimum salary requirements or proof of employment.
• It’s advisable to compare different banks’ offerings and fees before selecting a specific debit card.
• As a foreigner, it’s crucial to ensure that you have a valid visa throughout the duration of your residency in Vietnam to maintain your bank account and debit card status.