ATM cards are a familiar sight, offering a safe way to keep our money without the worry of carrying large amounts of cash. Let’s explore more about ATM cards and how they work in the article below.
1. What is an ATM Card?
ATM (Automated Teller Machine) refers to a cash machine
ATM (Automated Teller Machine) refers to a cash machine, and the primary function of an ATM card is to withdraw cash that is stored in the machine by the bank. Nowadays, besides cash withdrawals, ATMs offer various other functions such as money transfers, account inquiries, and more, making it easier for customers to utilize banking services.
2. Requirements for Obtaining a Bank Card
Requirements for obtaining a bank card
- Customers must be at least 18 years old and have full civil behavior capacity.
- Customers aged 15 with a guardian
- Possess a Citizen Identification Card, Personal Identity Card, or Passport
- Be a Vietnamese citizen or a foreigner residing in Vietnam who meets the legal requirements.
(*Note: These are the basic requirements, and depending on the bank and type of ATM card, there may be additional conditions.)
3. What Procedures are Needed to Obtain an ATM Card?
Necessary documents for obtaining an ATM card
You will need to bring your identification card, passport, or citizen identity card to the bank and request an ATM card issuance.
The following documents should be prepared:
- A completed application form for an ATM card, as provided by the bank (bank staff will guide you through the process)
- Identification documents such as a Citizen Identification Card, Personal Identity Card, or Passport, along with a household registration book.
- Any other documents as required by the bank.
4. How to Obtain an ATM Card
You can obtain an ATM card by visiting a bank or through online methods
Obtaining a Card Directly from a Bank
It is recommended to carefully consider the bank you wish to choose for your ATM card, as fees for money transfers, withdrawals, card issuance, etc., may vary between banks. After making your decision, bring the necessary documents to the bank and request card issuance from a bank employee. You will typically receive your card within 3-7 days after completing the procedure.
Obtaining a Card Online
Some banks now allow customers to apply for cards online. If your bank offers this option, follow these steps:
Step 1: Access the bank’s website.
Step 2: Select the “Online Card Application” option.
Step 3: Enter your personal information to register for the card.
Step 4: Confirm the completion of the registration procedure.
(*After the bank reviews your application, it is advisable to visit the bank to confirm your information and receive your card within 7-10 days.)
5. How Much Does it Cost to Obtain an ATM Card?
Card issuance fees typically range from 50,000 to 100,000 VND
The cost of card issuance varies depending on the specific bank, with some banks offering free card issuance. Card issuance fees typically range from 50,000 to 100,000 VND. Additionally, during the card usage, customers may also incur card maintenance fees, cash withdrawal fees, and money transfer fees.
6. Answering Common Questions About Obtaining a Bank Card
Can I Open a Bank Account with a Passport?
Answer: Yes, you can open a bank account with a passport.
According to Clause 7, Article 1 of Circular No. 02/2019/TT-NHNN guiding the opening and use of bank cards, customers can use their “Citizen Identity Card, Personal Identity Card, or Passport that is still valid, birth certificate (for Vietnamese citizens under 14 years old), entry visa or papers proving visa exemption (for foreigners)” to register for a bank card.
Can I Use a Driver’s License to Open a Bank Account?
Answer: No, a driver’s license cannot be used to open a bank account.
Documents such as a driver’s license, membership card, or diplomatic identity card are not considered valid for bank transactions. Therefore, they cannot be used to open a bank account.
Can I Open an ATM Account Without a Citizen Identification Card?
Answer: Yes, a certified copy of the Citizen Identification Card can be used to open an ATM account.
A certified copy of the Citizen Identification Card that is still valid within 3 months can be used to open a bank account.
How Long Does it Take to Get an ATM Card?
Answer: Most banks will deliver the card within 3-7 days after completing the procedure. However, ACB Bank can provide the card within 15-30 minutes.
Where Can I Apply for an ATM Card for Free?
Answer: When using an ATM card, you are typically charged two types of fees: card issuance and annual fees, which vary depending on the bank and range from 30,000 to 50,000 VND. However, some banks offer free card issuance. The following is a list of banks that provide free domestic card issuance:
Banks that offer free card issuance
Can I Apply for a Bank Card Online Without Visiting the Bank?
Answer: Yes, some banks allow customers to apply for an ATM card online from the comfort of their homes. These banks include TNEX by MSB (Vietnam Maritime Commercial Joint Stock Bank), MB Bank Digital Bank (Military Commercial Joint Stock Bank), and OCB OMNI (Orient Commercial Joint Stock Bank), to name a few.
How Many ATM Cards Can I Have with One Citizen Identification Card?
Answer: You can obtain multiple cards at the same bank and different banks with just one Citizen Identification Card.
These are some common questions and concerns people may have when considering getting an ATM card. Hopefully, this article has provided valuable insights to help you make an informed decision about obtaining an ATM card.
