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.

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