What bank doesn't charge ATM fees?

ATM Fees: Finding Banks That Offer Fee-Free Withdrawals

ATM fees can be a significant inconvenience, especially when traveling or using out-of-network ATMs. Fortunately, there are banks that offer free ATM withdrawals, allowing customers to access their cash without incurring additional charges.

Vietnamese Banks with Free ATM Withdrawals

In Vietnam, several banks offer fee-free ATM withdrawals:

• ACB (Asia Commercial Bank)
• TP Bank (Tien Phong Bank)
• HSBC (Vietnam)

These banks allow customers to withdraw cash from their own ATMs without any charges. Additionally, they may offer free withdrawals from ATMs belonging to partner banks.

Banks that Reimburse ATM Fees

Some banks may not offer free ATM withdrawals but provide a reimbursement program instead. This means that customers will be charged an ATM fee when using out-of-network ATMs, but the bank will later reimburse the fee. Banks that offer such programs include:

• Citibank
• Chase Bank
• Wells Fargo

To qualify for reimbursement, customers typically need to meet certain criteria, such as maintaining a minimum balance or meeting a monthly transaction requirement.

Consider Using a Wise Card

For international transactions, using a Wise card can be a cost-effective alternative to traditional banks. Wise offers a multi-currency account that allows customers to hold and convert foreign currencies at competitive exchange rates. When using their Wise card to withdraw cash overseas, customers may incur lower transaction fees than with a regular bank card.

Conclusion

Avoiding ATM fees is possible by choosing banks that offer free withdrawals or reimbursement programs. Vietnamese banks such as ACB and TP Bank are excellent options for fee-free ATM withdrawals. If traveling internationally, consider using a Wise card for potentially lower transaction fees. By researching and selecting the right financial institutions, consumers can save money and enjoy convenient access to their cash.