ATMs and plastic cards in Vietnam
The use of plastic cards in Vietnam is quite common: credit card no problem pay in stores, hotels, travel agencies, or to remove her money from ATMs. However, there are features about which you should know.
The issue of security
In advance of a trip you must ensure that after one or two transactions, the security system of your Bank has not blocked it. To do this, in some banks you can pre-call the support service phone indicated on the map, or ask in chat in the online Bank and inform about the countries of travel and the period. The Bank's security service will put a stamp, and your card will not block. However, some banks do not accept such applications. In this case, you need to take the phone numbers of the Bank and data to be able to unlock the card: voice or digital access codes, passport data.
In General, if you take standard precautions when handling the card, no problem. Ideally, connect the SMS-informing about the operation of the phone and control every message, because in the opinion of tourists, there were cases of double write-off for buying, the use of your card number and code on the reverse side for making online purchases.
Features of payment card in Vietnam
As we have already mentioned, to pay by card for goods and services can be everywhere, almost as much as we do. Do not accept cards for payment only in remote villages, as well as difficulties may arise with the payment in small hotels, the guesthouses, homstead. And of course you can't pay with a card in private shops and markets, there is a cash-only dongs.
But before to pay by card services (accommodation, tour, tourist transport, entrance to the amusement Park, etc.), it is better to specify not to keep with you for the payment of Commission. Unlike in Russia, where card write off as much as is a service here, you can easily add a percentage for the service transaction. This is usually 2-5%. Like on the one hand not much, but on the other hand. The larger the amount, the more Commission you will pay. Besides may be the minimum fee, for example $ 2. Fortunately, the commissions do not happen when you pay in large shops and supermarkets.
Withdrawing money from ATMs in Vietnam
ATMs in major cities and tourist areas there is almost at every step. Find the nearest to you the easiest way on the maps of Google for the keywords "ATM" or "ATM". You can only remove Dong. Currency ATMs yet we never met.
However, in connection with the existence of a difference between the official and real exchange rate, while the use of credit cards, especially cash withdrawal is not the best alternative to cash. In addition, ATMs in addition to the fee your Bank will hold your Commission, on average, about 2% of the transaction or a minimum of 20,000 VND per transaction (varies depending on the Bank that owns the ATM). When removing the screen mandatory displays the amount of Commission ATM, but that's about the fee your Bank or other Bank you can only find in the terms of your contract on the map.
Attention! Recently, some Russian banks offer shares "becomiing withdrawals worldwide" when making new maps. However, consultants and brochures usually forget to say what is written in small print in the contract. Namely, that Commission fee is not charged only for the first few months of use, there is a maximum amount, as well as other unfavorable conditions. So be careful with this.
The maximum amount of cash withdrawals is usually limited to 2 or 3 millions VND, which is about $ 150. Recalculation of the rate will occur at the official, and all this together will give not very good result. So try to find an ATM, which gives at once the sum is larger, and takes a smaller Commission. According to the latest information (2018) are the best ATMs to work with the cards of Russian banks: Military Bank (MB bank); TPBank (Tien Phong Bank); VRB (Vietnam Russian Joint Venture Bank)
Is it profitable to use credit card in Vietnam
As for withdrawing money from ATMs, the question of profitability depends on the particular ATM in Vietnam and conditions (commissions) your Russian Bank that issued the card, and currency on it. There is no universal recipe: you need to carefully study the conditions of your Bank and try different ATMs. But in General, our experience shows that cash is still win, especially if your card is denominated. Even the international dollar card in the ATM's worse than if withdraw us dollars at home (in Russia), and then change them for cash dollars.
When paying by card in shops and hotels, the situation is also not in favor of a plastic card. The difference, though small, but the benefit remains for the cash. For example, the payment was made dollar card Matercard buy 400 000 VND.
At the time of purchase, the courses were as follows:
- The official rate is 23 296 (to determine the current official Dong can here)
- Currency exchange offices – 23 350 and above
- The real rate of charges for the purchase of – 22 714
As you can see, even with the dollar card, the exchange rate at purchase was much lower than the official and the real in exchange. When paying with a rouble card the difference will be even higher because of the double conversion. Also do not forget that the amount of the purchase in Vietnam can add a fee for the processing of transactions up to 5%, what should be clarified in advance before you buy (see above).
In General, it turns out that the cash dollars or euros are more profitable option in Vietnam than using a credit card, although more dangerous.