Vietnam Central Bank Rejects Plan to Impose ATM Usage Fee
The State Bank of Viet Nam (SBV) said on November 27 it has turned down a proposal from the Vietnam Bank Card Association to collect fees from customers for their automated teller machine transactions.
Under the Document No.10447/NHNN-TT, the central bank said the current infrastructure and ATM services are not suitable for the fee-collecting plan.
“This is not the right point of time to collect the fees from ATM transactions, because we have yet to get service good enough to pay for it. The decision to delay is appropriate,” said a capital city resident Tran Ngoc Luan.
If banks want to collect ATM fees, they should consider letting us enjoy the interest rate of our money in our accounts equal with non-term interest rates. We will then happily accept to pay ATM transaction fees, Luan said.
Earlier, the association had proposed collecting ATM transaction fees starting from December 1. (Vietnam Economic Times)
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