How much does it cost to close a bank account or credit card?

In the past, banks have been offering free account opening and international credit cards and even promotions and giving away extra money to attract customers. However, when customers want to close their accounts or credit cards, they will have to pay a fee. Furthermore, customers must go to the bank counter to complete the procedures to close their accounts or credit cards.

Customers must go to the bank to close their payment account or credit card. Photo: DAO NGOC THACH

Specifically, Eximbank announced the fee for closing a VND account within 1 year from the date of opening is 50,000 VND; for foreign currency accounts it is 2 USD. For international credit cards, the fee for closing the card within 6 months from the date of issuance is 200,000 VND. Similarly, Vietnam Prosperity Bank (VPBank) has the same fee when individual customers close a regular payment account or international credit card, which is 50,000 VND or 2 USD or equivalent foreign currency. The fee for closing VPBank's Timo credit card is 300,000 VND.

At VIB, customers who close their payment accounts will pay a fee of VND50,000. For VIB Family Link credit cards (Visa cards), the fee to close the card within 12 months from the date of first issuance is VND499,000; for VIB Travel Élite cards, the fee to close the card within 12 months is VND699,000.

Meanwhile, Vietcombank requires customers to pay a fee of 20,000 VND if they close their payment account within 12 months from the date of opening, and after this period, the fee is waived. For international credit cards in general, this bank requires customers to pay a fee to terminate the use of the card of 100,000 VND; Vietcombank Visa Signature cards are exempt from card closure fees.

Sacombank also applies a fee of 50,000 VND or 5 USD to close a payment account within 12 months from the date of opening; Dong A Bank applies a fee of 22,000 VND to close a multi-function card within 12 months from the date of opening; after 12 months, the fee will be waived. Only HDBank waives the fee to close an account...

According to Thanh Nien

Source: https://thanhnien.vn/dong-tai-khoan-the-tin-dung-ngan-hang-tra-phi-bao-nhieu-18524031911171144.htm

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