Prohibition on Cash Withdrawal for Anonymous Prepaid Cards

01:30, 12/07/2024

This content is mentioned in Circular 19/2016/TT-NHNN, which regulates banking card activities.

The cardholder is entitled to use the card within the following scope:

- Execute card transactions as per the agreement between the cardholder and the card-issuing organization (TCPHT) for debit cards and designated prepaid cards;- Use for payment of goods and services, cash withdrawal, and deposits as agreed upon for credit cards;- Use only for payment of goods and services with no cash withdrawal capability for anonymous prepaid cards;- For supplementary cards issued for sub-cardholders under 15 years old, use is restricted to purposes defined in the written agreement between the TCPHT and the primary cardholder.

Circular 19/2016/TT-NHNN is effective from August 15, 2016, and supersedes Decision 20/2007/QD-NHNN and Decision 32/2007/QD-NHNN.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn