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MEKONG COUNSEL

Circular on service fees on domestic debit cards

On December 28, 2012, the State Bank of Vietnam issued Circular No. 35/2012/TT-NHNN on service fees on domestic debit cards. Accordingly, service fees on domestic debit cards (exclusive of VAT) shall be specified as follows:

 

- Card issuance fee: Between 0 and 100,000 VND/card

 

- Annual fee: Between 0 and 60,000 VND/card/year

 

- ATM transaction fee:

 

+ Checking account (not printing slips): Free (internal network); Between 0 to 500 VND/transaction (external network).

 

+ Printing bank statements of printing slips after checking account: Between 100 and 500 VND/transaction (internal network); Between 300 and 800 VND/transaction (external network).

 

+ Cash withdrawal: for internal network, fee shall be between 0 and 1,000 VND/transaction from 01/Mar/2013 to 31/Dec/2013; between 0 and 2,000 VND/transaction from 01/01/2014 to 31/12/2014; between 0 and 3,000 VND/transaction from and after 01/01/2015; for external network fee shall be between 0 and 3,000 VND/transaction.

 

+ Transfer: between 0 and 15,000 VND/transaction.

 

General Directors (Directors) of card issuance organizations shall specify the card service fees in accordance with types of fees, levels of fees, ensuring compliance with the framework and roadmap as regulated.

 

Remarks: File attached.

 

This Circular shall be effective fromMarch 01, 2013.