SBV to penalize banks for lack of cash in ATMs

SGGP
The State Bank of Vietnam (SBV) will impose fines on banks if their automated teller machines (ATMs) do not operate because of lack of cash or their subjective errors and report to the SBV Governor before, during and after the Tet holidays.

Banks must ensure ATMs to operate smoothly and safely during the Tet holiday (Photo: SGGP)

Banks must ensure ATMs to operate smoothly and safely during the Tet holiday (Photo: SGGP)

SBV has just required banks in provinces and cities not to let ATMs do not have money and ensure that the machines will operate 24/7. ATM system must operate smoothly, stably and safely without interruption, especially in industrial parks and export processing zones.
In addition, payment in cash should be intensified at businesses to reduce pressure for ATMs near the Tet holiday.
SBV also asked National Payment Corporation of Vietnam to arrange technical staff to be on duty to ensure bank card switching system to operate safely and stably during the holiday.

By T.MAI – Translated by Hai Mien

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