Cash withdrawal limits - Versobank AS

Cash withdrawal limits

Versobank AS makes every effort to protect your money. We would therefore like to advise you that from October 1, 2015, Versobank AS has set automatic limits for cash withdrawals in ATM´s that are not able to use information stored on the card’s chip technology to perform transaction. Cash withdrawal from the ATMs operating on chip technology is functioning as usual, a client can withdraw cash to the extent of limit set on the card.

The restriction is valid only in ATMs that use information stored on the card’s magnetic stripe on the back of the card in performing transaction. Unfortunately it’s impossible for clients who use ATMs to determine whether chip card technology is already used in the particular ATM or whether it functions only on the basis of the magnetic strip.

Cancelling of the limit

Limit applies in case of ATMs using information stored on the card’s magnetic strip in the following countries:

  • United States, Malaysia, Thailand, Sri Lanka, Maldives, Philippines, Vietnam, Cambodia, Hong Kong, Japan, China, Laos, Indonesia, India, Nepal, Bhutan, Bangladesh, Australia, Korean, French Polynesia, Singapore, Taiwan, Mongolia, Macau, Fiji and New Zealand.

If you would like to travel to one of the aforementioned countries and also use ATMs with magnetic strip technology, the Bank can remove these limits from your card.

Please inform the bank of this in advance by:

  • calling our card helpline on 6 802 555 or
  • sending us a message from the Internet Bank.

You should only remove these limits from your bankcard for the duration of your stay in one of these countries. Therefore, when you contact us for removing the limits, please also inform us of the date when you would like the limits to be re-established.