How much is the ATM withdrawal fee in Vietnam?

How much charge for ATM withdrawal?

ATM Withdrawal Fees in India: A Slight Uptick

The RBI recently bumped up the maximum ATM withdrawal fee. Banks can now charge up to ₹23, a ₹2 increase from the previous limit. This change, effective May 1, 2025, is a small but noticeable shift in the financial landscape. It’s interesting how these seemingly minor adjustments can ripple through the economy. One wonders about the cumulative effect of such small changes over time.

Breakdown of the Fee Structure (as of October 26, 2023):

• Own bank ATM: Usually free, although some banks might impose charges after a certain number of transactions depending on the account type. My HDFC Bank account, for instance, is currently free for withdrawals.
• Other bank ATM: The new cap is ₹23 per transaction. This applies to using ATMs of different banks.
• Inter-bank transactions: Transactions between different bank networks are subject to the same fee cap. This often involves inter-bank settlements and associated costs. It’s a complex system!
• Beyond the cap: Banks are not permitted to exceed this maximum fee. I hope they don’t try to!

Additional Factors to Consider:

• Location: Rural versus urban locations may have differing fee structures, though not formally specified by the RBI, but based on my observation during my recent trip to Kerala.
• Transaction type: Fees might vary slightly depending on the type of transaction, and I suspect it’s not always transparently stated.
• Account type: Premium accounts sometimes get more free transactions. Again, another subtle differentiator. It’s all about the fine print.

A Philosophical Aside: The seemingly insignificant ₹2 increase reflects the constant, subtle adjustments in economic policy. The cumulative effect of these minor adjustments over time is the actual picture, not the isolated, small-scale changes. Makes you think, huh?

What is a typical ATM withdrawal fee?

Okay, so, like, ATM fees? Ugh.

It was last Tuesday, I think? I was in downtown Seattle, near Pike Place Market. Needed cash, right?

My bank is US Bank, and the closest ATM…wasn’t. Popped into a random Chase ATM. Figures. I needed $40.

I knew it would hit me with a fee. Saw the screen, like, $3.50! Seriously?! I swore under my breath, but yeah, I needed the cash. So I went ahead and pulled it out anyway. Needed it, so. Sigh.

My Bank (US Bank) probably will charge me too…like, another $2 for going out of network. Double ouch. I hate ATM fees, honestly.

So, roughly I paid at least $5.50 fee to get that 40 bucks out of my account. Never again! I should just use my debit card more often.

Key takeaways for avoiding ATM fees (the hard way, like me):

• Stick to your bank’s ATMs! Obvious, I know.
• Consider cashback at stores – sometimes easier than finding a real ATM.
• Check your bank’s policy on out-of-network ATM fees – some reimburse, right?
• Look closely at the ATM screen before withdrawing! It always shows the fee. Always. It is like a curse.

Like I need to pay more than I already pay for everything!

How do I avoid cash withdrawal charges?

Ugh, ATM fees, right? It’s happened to me, so many times. Last month, in a pinch, I needed cash badly. I was near the train station in Denver, around 7 PM. Seriously stressed, I just saw an ATM, grabbed my card, BAM! $4 fee. Four dollars! That’s like, half my lunch money. Stupid.

So I learned my lesson. Hard lesson. Now, I religiously check my bank’s app, the Chase app, for nearby ATMs. They have a ton of ATMs through their network. It shows you all their locations on a map, even the ones linked with this Allpoint thing.

• Use your bank’s app: It’s the key.
• Look for in-network ATMs: Avoid those random ones.
• Check the map: The Chase app is great for that.

My bank also gives a list of partners on their website – things like that Allpoint network and some others. It saves headaches. Trust me on this. I went to the bank website after my Denver fiasco and found tons of free ATMs everywhere. It’s all about being proactive. Seriously, those four bucks hurt. Don’t be like me.

How to withdraw cash in Vietnam?

Vietnam cash access. Primarily Visa/Mastercard. Cirrus, Plus, JCB, UnionPay also work. Some ATMs are picky. Visa or Mastercard only. Best to have both. Forget Amex/Diners. Swiping? Visa/Mastercard ubiquitous. It’s a dance between global finance and local custom.

• ATM withdrawal fees vary. Your bank, the Vietnamese bank, everyone wants a cut. Check your bank’s international fees. Sometimes they’re hidden. Annoying, but part of the game. I got hit with a $5 fee once. Ouch.
• Withdrawal limits. ATMs have daily limits. Usually around 2-5 million VND. Multiple transactions? A strategy. Or a hassle, depending on your philosophy of travel. I like to get it all at once. Less to think about. My friend Thomas prefers smaller withdrawals. Security, he says.
• Exchange rates fluctuate. ATMs offer a decent rate, generally. Better than airport exchanges in my experience. Street exchanges? A gamble. Sometimes better, sometimes not. Exchanging money always feels strange. Like trading tokens in some elaborate game.
• Keep small bills. Street vendors, smaller shops… they prefer smaller denominations. Breaking a 500,000 VND note can be… interesting. Happened to me in Hoi An last year. The shopkeeper just laughed.
• Card security. Standard precautions. Cover the keypad when entering your PIN. Notify your bank of travel dates. Helps avoid any fraud alerts. I once had my card blocked in Bangkok. Not fun.
• Cash is king. Especially outside major cities. Small towns, rural areas… Cash is essential. That said, credit card acceptance is growing. Even in remote areas, surprisingly.
• US dollars. Some places accept USD. But… the exchange rate they offer? Often unfavorable. Better to use VND. Keeps things simple.