What is a domestic debit card? Things customers need to know before using

1. What is a domestic debit card?

Domestic debit card is a payment card issued by a bank to perform transactions limited to a country. Simultaneously, client You can only spend based on the available amount deposited into your account. So, client the main domestic debit card can be understood as an ATM card, and in Vietnam, this type of card is usually a NAPAS card. 

With domestic debit cards, clients can perform transactions such as transferring, withdrawing money, paying bills... easily and conveniently.

The domestic debit card is linked to your bank account and uses the available balance in the account to make payment transactions.

Domestic debit cards have the following basic features:

• Information displayed on the card: Domestic debit cards display the issuing bank name, cardholder name, card number, "NAPAS" logo, and validity date. This is basic information to help identify and perform transactions.
• Scope of use: The card can only be used for transactions within Vietnam; international transactions cannot be made.
• Security: The security level of domestic debit cards is average, lower than international debit cards. 

Domestic debit cards are divided into two types: physical card and non-physical card. 

• Physical card Made from plastic, with an electronic chip attached. This card can be used directly at ATMs and POS machines to withdraw money or make payments, requiring users to enter a PIN code or sign to confirm the transaction.
• Non-physical card is an electronic card, has no physical form, only exists in digital form. This card is used via the internet or mobile device to make online transactions without carrying the card.

It should be noted, Domestic debit cards cannot be used for international transactions or foreign currency withdrawals. This is one of the major limitations of the card compared to international debit cards, helping users to consider when they need to use the card for international transactions.

2. Distinguish between domestic debit cards and international debit cards

Distinguishing between domestic debit cards and international debit cards helps clients choose a card that suits their financial needs. Each type of card has its characteristics and advantages, and in this section, we will explore the basic differences between them to clients can easily make the right decisions.

Thus, domestic debit cards and international debit cards both bring their own benefits, suitable for each user's needs. Domestic debit cards have low costs and are suitable for domestic transactions, but are limited in scope of use and have few incentive programs. Meanwhile, international debit cards support global payments, come with many attractive benefits and promotions, but often have higher maintenance fees. Choosing the right card type depends on each person's spending habits and financial requirements.

3. Benefits of using domestic debit cards

In this section, we will explore the outstanding benefits of using a domestic debit card client Understand more about the benefits this card brings.

• Fast transactions: Domestic debit cards help Customers perform transactions such as transferring money and withdrawing money at ATMs of the card-issuing bank or other ATMs nationwide more quickly and conveniently than over-the-counter transactions.
• Safety and convenience: Using a domestic debit card helps Customers limit risks when carrying cash. The card also allows easy payments at stores, restaurants, and services that accept cards.
• Effective spending management: With SMS Banking or Mobile Banking service, Customers can track balances and spending, helping to control finances easily and effectively.
• Attractive offers: Banks regularly provide attractive incentives for customers to open domestic debit cards, bringing many benefits and promotions to users.

4. Limit of domestic debit card

Domestic debit cards have different usage limits, depending on the regulations of each bank and card type. This limit applies to transactions such as ATM withdrawals, transfers and shopping payments.

Normally, the limit of domestic debit cards ranges from 50 - 100 million VND per day, helping users be flexible in daily financial transactions. However, each bank has its own regulations on limits, which can be adjusted depending on the needs and characteristics of customers.

Specific example of domestic chip debit card S24++ issued by SeABank:

• Maximum withdrawal/transfer limit: 30,000,000 VND/day.
• Foreign currency cash withdrawal limit abroad: 30,000,000 VND/day.

5. Functions of domestic debit cards 

Domestic debit cards bring many convenient functions to users, making financial management easier and more effective. Below are the main functions of domestic debit cards:

• Online payment: Domestic debit cards can be used to pay for online shopping transactions on websites such as Lazada, Shopee, Tiki, etc., helping users make transactions quickly and conveniently.
• Balance lookup: KCustomers can easily check their account balance through E-Banking, SMS Banking services or directly at ATMs nationwide.
• Payment via POS machine: Domestic debit cards allow payment at card acceptance points such as supermarkets, hotels, taxis..., through the POS machine by entering the PIN code.
• Withdraw cash at ATM: With domestic debit cards, Customers can withdraw cash at ATMs nationwide quickly and easily.
• Withdraw money at the transaction office: In addition to withdrawing money at ATMs, Customers can also withdraw money at bank transaction offices, but need to present identification documents such as ID card/CCCD/Passport.

6. Notes when opening and using domestic debit cards

When opening and using a domestic debit card, some important factors need to be paid attention to to ensure safety and effectiveness. 

When opening a domestic debit card, there are some important notes clients need to consider:

• Choose a reputable large bank: Large banks often offer many affiliate partners and attractive incentive programs, helping Customers take advantage of more convenient services.
• Consider fees and accompanying services: Before opening the card, Customers should check fees such as annual fees, card maintenance fees, and accompanying services to ensure they are suitable for their needs.

After opening the card, please note when using:

• Card security: Do not share PIN codes, card numbers and set PIN codes that are difficult to guess.
• Withdraw money at ATM: Hide operations when entering password to protect account information.
• Payment at POS: Pay at a reputable unit and do not provide your password to others.
• Online payment: Only pay on reputable websites and carefully check information before transacting.
• Lock card when lost: Lock the card immediately and contact the bank to issue a new card.
• Check transaction: Monitor balances and transactions via E-Banking or ATM.

7. SeABank - A bank providing reputable domestic debit cards

SeABank is one of the most popular banks in Vietnam, providing domestic debit cards with many attractive benefits for customers. SeABank domestic debit card helps customers make quick, safe, and convenient transactions at domestic payment points.

• Safety and security: SeABank debit cards are equipped with high security features, ensuring the safety of all customer transactions.
• Reasonable cost: With reasonable service fees, SeABank provides debit cards suitable for the needs of many customers.
• Customer service: The bank provides dedicated customer care service, ready to help quickly resolve all issues related to debit cards.

Customers can refer to how to open a SeABank domestic debit card:

Simple procedure:

• Individuals 15 years of age or older, Vietnamese citizens, or foreigners legally residing in Vietnam.
• Necessary documents: ID card/citizen identification card/passport, application for card issuance.

Steps to open a card:

1. Go to the nearest SeABank branch, present your identification documents, and request to open a SeABank domestic debit card.
2. Fill out the card opening application and submit it to the staff.
3. Staff confirm information and enter data into the system.
4. Pay the card fee (if any) and receive a receipt.
5. Receive the card according to the notification from the bank.

For details on fees, please refer SeABank debit card fee schedule on the bank's official website.

Domestic debit cards are convenient and helpful financial tools client Fast and secure transactions domestically. With advantages such as easy spending control and reasonable fees, this is a suitable choice for daily financial needs. However, client You need to pay attention to security and choose a reputable bank to optimize benefits from the card. 

If client If you need support, please contact SeABank via Hotline 1900 555 587 or visit the website www.seabank.com.vn for detailed answers.