Vietnam banks want ATM fees from all customers

TN News

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Local commercial banks have once again sought the central bank's consent to charge all customers for using automated teller machines to withdraw money and engage in other transactions, local news website VnExpress reported Monday.

The proposal was submitted to the State Bank of Vietnam last week, wherein the banks said it aimed to help finance ATM operation costs and encourage non-cash payment in the country, the Bank Card Association said.

Since early 2009 many banks have charged cardholders of other banks for using their ATMs, mostly at VND3,300 per withdrawal. However, they are not allowed to impose any fees on their own clients.

Le Dao Nguyen, deputy general director of the Bank for Investment and Development of Vietnam, said the fees that banks want to charge their customers are reasonable.

The Bank Card Association has more than 40 members, nearly 10,000 ATMs and have issued more than 22 million cards.

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