Is it easy to get cash out in Vietnam?

Navigating Cash Withdrawals in Vietnam

For those traveling to Vietnam, accessing cash is a crucial aspect of ensuring a smooth and enjoyable experience. The country’s ATM network is well-developed and widely available in major cities. However, understanding the withdrawal limits and fees associated with foreign bank cards is essential to avoid unexpected expenses.

ATM Accessibility and Limits

Vietnam’s ATM network is extensive, with ATMs conveniently located in banks, shopping malls, and other public areas. Foreigners can use their bank cards to withdraw cash from these ATMs, but certain limits apply. Typically, the daily withdrawal limit for foreign cards ranges from 2 to 10 million Vietnamese Dong (VND). This amount may vary depending on the bank issuing your card.

Fees and Charges

Using foreign bank cards to withdraw cash in Vietnam generally incurs fees. These fees can range from 25,000 to 50,000 VND per transaction. It’s important to consult with your bank about any additional international transaction costs or fees that may apply.

Minimizing Fees

To minimize withdrawal fees, it’s advisable to:

• Withdraw larger amounts less frequently rather than making multiple small withdrawals.
• Look for banks that offer lower withdrawal fees or have agreements with your bank to reduce charges.
• Consider using a debit card or preloaded travel card that typically has lower transaction fees.

Other Options

In addition to ATMs, there are other options for obtaining cash in Vietnam. These include:

• Currency exchange offices: These are widely available in tourist areas and airports. However, exchange rates may not be as favorable as banks.
• Travelers checks: Travelers checks can be exchanged for cash at banks and authorized exchange bureaus.
• Credit cards: Credit cards are accepted at many hotels, restaurants, and larger stores. However, it’s important to be aware of any additional fees or charges associated with using credit cards in foreign countries.

By understanding the withdrawal limits, fees, and alternative options available, travelers to Vietnam can ensure they have convenient and cost-effective access to cash during their stay.