Vietnam-Russia Joint Bank
Avoiding Double Conversion Fees in Vietnam with a MIR Card
summarizeEditor's Summary
I was dreading the thought of exchanging money in Vietnam, but I found a game-changer - using a MIR card at VRB ATMs. These machines let me withdraw cash with minimal fees and a decent exchange rate. I avoided double conversion fees and saved some money in the process. The process was smooth and easy to use, even with a language switch to Russian. Just be aware that the exchange rate may not be perfect, and a bit more gets taken out of your card than expected.
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live_helpFeatured FAQ
What is a MIR card, and how does it help with double conversion fees?
A MIR card is a type of debit card that lets you withdraw cash with minimal fees and a decent exchange rate. When using a VRB ATM in Vietnam, you can avoid double conversion fees by withdrawing a minimum of 1,000,000 dong with no commission.
Where can I find VRB ATMs in Vietnam?
VRB ATMs are typically located in tourist-friendly areas like Nha Trang, and you can find them near hotels like the Lotus or Melia. You can also search online for the nearest ATM location.
How do I switch the language on the VRB ATM?
You can switch the language on the VRB ATM to Russian, making it easier to use even if you don't speak Vietnamese. Simply look for the language option on the screen and select Russian.
What happens if I don't have sufficient funds in my account to cover the withdrawal?
If you don't have sufficient funds in your account to cover the withdrawal, you'll need to deposit more money or cancel the transaction. It's essential to ensure you have enough funds before attempting to withdraw cash.
Can I use a MIR card at any ATM in Vietnam?
No, not all ATMs in Vietnam accept MIR cards. You'll need to find a VRB ATM that supports MIR card transactions. You can search online for the nearest ATM location or ask your hotel for assistance.
Are there any fees associated with using a MIR card at a VRB ATM?
When withdrawing a minimum of 1,000,000 dong, there are no commission fees associated with using a MIR card at a VRB ATM. However, be aware that the exchange rate may not be perfect, resulting in a bit more being taken out of your card.
Can I use a MIR card to make purchases in Vietnam?
No, MIR cards are primarily designed for withdrawing cash at ATMs. You may not be able to use your MIR card to make purchases at stores or restaurants in Vietnam.
What if I experience issues with the language switch or interface on the VRB ATM?
If you experience issues with the language switch or interface on the VRB ATM, you can try restarting the machine or seeking assistance from the ATM operator or a hotel staff member.
check_circlePros
- •No double conversion fees when withdrawing cash
- •Decent exchange rate compared to market rates
- •Easy-to-use interface, even with language switch to Russian
- •Available at tourist-friendly locations like Nha Trang
- •Can withdraw a minimum of 1,000,000 dong with no commission
- •More convenient than traditional currency exchange or travel agencies
- •Wide acceptance in Vietnam, especially in major cities
cancelCons
- •Exchange rate may not be perfect, resulting in a bit more being taken out of your card
- •Not all ATMs may be available or in tourist areas
- •May require some research to find the right ATM and location
- •You'll still need to have sufficient funds in your account to cover the withdrawal
- •Some users may experience issues with the language switch or interface
- •Not a solution for travelers without a MIR card
- •Limited customer support for MIR card holders in Vietnam
