Bui Quang Tien, head of Payment Department under the State Bank of Vietnam, told the Daily that the banks have passed their specific fee lists to the central bank. However, Tien declined to reveal the list of those charging inside-network transactions.

Some banks announced new fee lists last Friday, of which Vietcombank and Sacombank apply the maximum rate of VND1,000 per transaction as regulated in Circular 35 of the central bank. Agribank will also charge on-us ATM transactions but at a lower rate.

BIDV in a statement released last Friday said that it would delay fee collection for two months. The lender will not charge some services such as checking account balances or account statements.

Meanwhile, 35 banks, including ACB, Eximbank and TienPhongBank, have not applied new fee lists and maintain free on-use withdrawals for their customers.

Off-us withdrawal fee at these banks is still around VND3,300 for each transaction.

DongABank, which has issued around six million ATM cards, has also announced it won’t charge inside-network ATM transaction fees. The bank will focus on service quality and improving its ATM systems to launch new products for customers.

By Thanh Thuong - The Saigon Times Daily - March 4, 2013