Depositing money into Agribank ATM card has interest?

This is the question of many customers when using ATM cards of the Bank for Agriculture and Rural Development (Agribank).

Agribank ATM card is a type of card issued by Agribank. Customers can use the card to perform automatic transactions such as checking accounts, withdrawing or transferring money, paying bills, buying phone cards... from ATMs.

Illustration

Depositing money into Agribank ATM card has interest?

The answer is “yes”. However, the interest rate received is a non-term interest rate because customers can easily withdraw money for use at any time without the bank’s consent. At Agribank, personal savings in VND non-term deposits will be applied an interest rate of 0.2%/year.

For example, if you leave 100 million VND in your Agribank ATM card and for 1 year you do not use this amount at all, the interest after 1 year is calculated as follows: 100,000,000 x 0.2% = 200,000 VND.

How to deposit money into Agribank ATM card

Depositing cash into an Agribank ATM card is quite simple. You can go directly to an Agribank branch or transaction office to make money transfers according to the instructions of the teller.

In addition, you can also transfer money from another bank account or ask someone else to transfer money to your Agribank account.

Notably, there are some ATMs that have a cash deposit function. You can operate to transfer cash into your account yourself.

SOUTH (Synthesis)