SBV disapproves ATM service fees

June 30, 2012 | 09:24
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The State Bank of Vietnam (SBV) has asked commercial banks to refrain from charging customers for ATM transactions within their respective bank’s ATM network and from adjusting the fees for ATM transations outside their network.

Commercial banks are being kept from increasing fees for customers of other banks who use their ATMs.

Meanwhile card switching networks are asked to keep current ATM transaction fees unchanged and card issuers must publicise their fee scheme.

In addition, the Vietnam Bank Card Association has been asked to co-operate with the SBV and design a reasonable fee scheme to ensure the interests of both customers and card issuers.

Nhan Dan

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