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ATM fees
ATM Fee Updates
Require 4 major banks to report on 'colluding' to increase ATM fees
The competition authority requested four "big guys" to provide information and documents related to ATM fees and fee increases in the past two years.
Economy
4 major banks were again 'whistled' for increasing ATM withdrawal fees
From July 15, the 4 "big guys" leading the card market share cannot increase domestic ATM fees after receiving a "postponement" directive from the State Bank.
State Bank directs to stop increasing ATM fees
Banks with a large market share in domestic cards will not be able to increase fees at this time.
ATM: Service quality 'uneven' with contribution fees
Banks increase ATM fees when people withdraw a few coins to spend during Tet?
In less than a month, banks will be allowed to increase their fees for withdrawing money within their network, that is, withdrawing money at ATMs of the bank that issued the card. This move is considered the last resort for banks to find additional sources of income while other sources of income are gradually being limited.
Concerns about the first day of ATM fee collection
Two months after the State Bank issued Circular 35 regulating domestic debit card service fees, yesterday (March 1, 2013), the Circular officially took effect, allowing banks to collect cash withdrawal fees for domestic network transactions. Below are the notes of the Reporter on the first day of implementing this new decision.
22 banks do not charge domestic ATM fees
According to Mr. Bui Quang Tien, Director of the Payment Department, State Bank, currently 34 banks have built a fee schedule for domestic ATM withdrawals and sent it to the State Bank.
Banks "quietly" collect ATM fees
June 15, 2012 07:05
The Vietnam Card Association confirmed that in 2012 there would be no ATM transaction fees, but in reality, many banks have quietly increased ATM fees.
Start charging domestic ATM fees
April 11, 2012 17:55
The Vietnam Card Association has just agreed to submit a document to the State Bank requesting the collection of domestic ATM transaction fees....
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