ATM minimum cash limit raised
Two men withdraw cash at ATM booths of ANZ. The minimum cash limit per withdrawal at ATMs for banks other than the card issuer are raised from VNÑ 二 million (US$ 九0) to VNÑ 三 million. - VNS Photo Ñoaøng Tuøng
HÀ NỘI – The minimum cash limit per withdrawal at automated teller machines (ATMs) for banks other than the card issuer are raised from VNĐ 二 million (US$ 九0) to VNĐ 三 million.
The news was announced in a circular released by the State Bank of Việt Nam on June 三0.
The increase will help ATM users save on fees, as they are currently charged VNĐ 三, 三00 (value added tax included) per withdrawal at ATM booths belonging to banks other than the one that issued their card.
“It will be more convenient for ATM users when withdrawing cash at the ATM booths of different banks,” said Nguyễn Thị Nga, a teacher in Hà Nội. “A higher cash limit means fewer withdrawal transactions and lower charges,” Nga said. “Still, I expected a higher minimum limit.”
For cash withdrawals conducted at the ATMs of the same bank that issued the card, Circular 二0/ 二0 一 六/TT-NHNN, which came into effect at the beginning of July, said credit institutions were not permitted to set an ATM cash limit per withdrawal at less than VNĐ 五 million for internal transactions, the same as the current limit.
Transaction fees for internal ATM transactions are VNĐ 一, 一00 per cash withdrawal.
The circular also said ATM services must be available 二 四/ 七 and each ATM booth must provide the contact details of the operating agency, so users can contact them when they encounter problems or have complaints. - VNS
