Withdraw money in Vietnam: tips to save your travel budget
withdraw money in vietnam

How to withdraw money in Vietnam

Vietnam is a cash-heavy society. Despite the digitization, very few places in Vietnam accept cards or mobile payments. As a result, during your Vietnam trip, you will definitely use the local ATMs to withdraw money. However, just be aware that the withdrawal limits are very low whereas the ATM fees are pretty high. Hence, here are some tips for you to minimize these charges save your travel budget!

Withdraw money at the international airport

Vietnamese Dong (VND) is the official currency in Vietnam. Although the US Dollar is widely accepted, using VND brings you much more advantages. It will be easier for you to bargain when shopping in markets. Plus, street food vendors never accept cards. Additionally, if the sellers accept foreign currencies, they will offer a ridiculous exchange rate. That’s why cash is necessary.

In fact, most of the ATMs in international airports usually provide you with a bit higher limits than other counterparts in the cities. For example, you can take out up to 10,000,000VND of CitiBank ATM at the airport. Yet, you should consider carrying luggage along with a large amount of money all the long way to the city center.

you can withdraw money at the airport

You can withdraw money at the airports for lower fees and higher limits – Image: vietnamonline.com.

Besides, there are currency exchanges at all of the airports. You can look up the rates on the Internet to make a good deal here. However, since these exchange booths usually apply an unfavorable rate, you should change only a small amount enough to cover the taxi fee and other necessities. Then you can straight ahead to town for a better rate at legally operating money exchangers.

Link to check exchange rate: https://www.vietcombank.com.vn/ExchangeRates/

Choose the right bank to withdraw money

There are more than 60 banks are available in Vietnam. Firstly, although most ATMs accept cards from different banks, including Master Card, Visa, etc, remember to check the sign in front of the ATM booth to make sure whether your card is available. You should check the withdraw charge and withdrawal limit of all banks to find the most suitable for your intended use. Most ATMs in Vietnam allows you to withdraw money under 2,000,000 VND to 5,000,000 VND. However, in big cities, you will find international banks such as ANZ, HSBC, JP Morgan, etc with the higher limits. CitiBank offers 8,000,000 VND whilst ANZ allows you to withdraw up to 10,000,000VND. In addition to that, if you have a bank account of one of those banks, you can make this transaction with no fees.

it's easy to withdraw money in big cities

It’s easy for you to withdraw money in big cities – Image: www.gbeeconsulting.com.

On the other hand, if you are in small cities and find nothing but local banks. In case you don’t have time to withdraw money at the mentioned banks above, you should check for the limits and fees of the ATMs you come across. Especially, among national banks, Agribank is the most advisable bank because of their best rates and limits.

However, when you withdraw money in a foreign country, there will be some hidden charges. Thus, if it’s possible, preparing for the travel budget at home is the best way to save cost.

Some banks’ withdrawal limits and fees

Vietcombank ATM Fee: 50,000 VND | Withdrawal limit 2,000,000 VND.

Agribank ATM Fee: 22,000 VND | Withdrawal limit 3,000,000 VND.

BIDV ATM Fee: 30,000 VND | Withdrawal limit 2,000,000 VND.

Sacombank ATM Fee: 30,000 VND | Withdrawal limit 10,000,000 VND

Techcombank ATM Fee: 20,000 VND | Withdrawal limit 5,000,000 VND

Citibank ATM Fee: 55,000 VND | Withdrawal limit 5,000,000 VND – 10,000,000 VND.

ANZ ATM Fee: 40,000 VND | Withdrawal limit 5,000,000 VND – 10,000,000 VND.