Not only cards, even payment accounts, customers can also be charged management and maintenance fees ranging from tens to hundreds of thousands of dong each month.
Owning one or more bank accounts is a common situation for many people today. However, after the incident of many customers owing millions in bank fees even though their accounts were not in use, some people discovered that not only bank cards, even regular payment accounts also defaulted in fees.
A payment account is a demand deposit account at a bank to use services such as transferring money, withdrawing cash, paying bills... This is the most common type of account so it is often understood as a "bank account". row".
Recently, banks are racing in the trend of waiving or reducing service fees, the most common of which are opening accounts, using digital banking, transferring money, withdrawing money at ATMs... However, customers still have to Pay some fixed fees when owning a bank account, the most common being management fees or account maintenance fees. This means that whether you open a bank card (debit card, credit card...) or not, you may still incur fees.
A user is using a digital banking application. Image: Siddhartha
Account management fee is an amount of money that must be paid periodically if you want to continue using your account and accompanying services of the bank.
Survey of VnExpress shows that the management fees of domestic commercial banks usually range from 5.000 to 11.000 VND per month. Many banks implement a policy of waiving management fees if customers keep the average balance in their account above the prescribed level. Some banks currently waive this fee unconditionally including MBB, ACB, Techcombank, Timo, SHB, OUB, Woori Bank...
Foreign banks tend to charge much higher account management fees, which can be up to 100.000-200.000 VND per month. Both collect 200.000 VND per month, but Public Bank customers only need to keep an average balance of over 1 million VND to get it free, while ANZ Bank requires up to 50 million VND - the highest in the entire banking system today.
Besides, customers need to pay attention account maintenance fee. After a period of no active transactions such as transferring money or receiving money (not including interest payments or bank fee deductions), usually about 6-12 months, the bank will collect an additional account maintenance fee. . This type of fee is intended to stimulate demand and ensure customers regularly use their accounts. In addition to operating hours, some banks also stipulate the average balance in the account.
Because they did not pay attention to this policy, many customers were shocked when their accounts "evaporated" millions after a long time of no transactions.
Therefore, when not using the services of a certain bank, you should proactively close both your card and account to avoid incurring unnecessary costs. Many people just close the card without closing the account, leading to being charged management or maintenance fees by the bank.
Currently, there is no database system that can help look up how many bank accounts and cards each person owns. The only way is to check from memory, call the switchboard or go to the bank's transaction office to look up and complete closing procedures.
At that time, you may have to pay an additional account closing fee. Normally, if you close your account less than 12 months from the date of opening, the bank will charge a fee of 20.000-50.000 VND. Some banks, mainly with foreign capital, may charge 100.000-300.000 VND for this procedure. With banks that waive account closing fees, you may still have to pay all outstanding fees to perform this procedure.
Siddhartha
