How to withdraw money without fees?

Withdraw Money Without Fees: A Guide to Minimizing Bank Charges

Withdrawing money can often be a costly affair, with banks and ATMs charging exorbitant fees for each transaction. However, it is possible to avoid these fees by following a few simple strategies.

Choosing Fee-Free Banks and ATMs

In Vietnam, several banks offer free ATM withdrawals within their own network. These include:

• ACB
• TP Bank
• HSBC

When withdrawing money from an ATM in Vietnam, it is important to use an ATM of the same bank. Otherwise, you may incur an international transaction fee.

Using Wise Card

The Wise card is a prepaid card that can be used to avoid international transaction fees. When you top up your Wise card with Vietnamese dong, you will not be charged any fees. You can then use your Wise card to withdraw money from any ATM, anywhere in the world, without paying any additional charges.

Using Debit Cards

Debit cards typically offer lower ATM and transaction fees than credit cards. When using a debit card, the transaction will be processed through your bank’s network, which will usually result in lower fees.

Additional Tips

• Withdraw larger amounts less frequently: Withdrawing large amounts of money less frequently can help you avoid paying multiple fees.
• Avoid using ATMs at airports and tourist areas: These ATMs often charge higher fees than ATMs in other locations.
• Consider using a mobile payment app: Mobile payment apps, such as Apple Pay and Google Pay, allow you to make payments without using a physical card. This can help you avoid ATM and transaction fees.

By following these strategies, you can significantly reduce the cost of withdrawing money. Remember to choose fee-free banks and ATMs, use a Wise card for international transactions, and consider using debit cards for domestic withdrawals. With a little planning, you can avoid paying unnecessary fees and keep your money where it belongs: in your pocket.