Stop issuing old ATM cards today, here’s what you need to know about ATM cards with new chips

According to information from the State Bank, the number of domestic ATM cards is 5 times larger than that of international cards (chip cards) in circulation.

To increase security for customers from March 31st, banks will stop issuing cards from old ATMs and completely replace them with new chip cards.

The new chip card remains the same dimensions as the old one: length: 85.60 mm X width: 53.98 mm. However, the chip-mounted ATM card has a higher security than the old ATM card because the old ATM card receives information by the magnetic strip on the back, and it is not encrypted and the chip card with the chip located on the front of the card helps to code. information encryption to increase data security, personal information will be encoded in the computer’s binary number and continuously changed.

Along with that, the use of old ATM card issuance from March 31st has been many misunderstandings, stopping issuing does not mean that it stops being accepted and used at ATMs, you can still continue. Use an old ATM card for transactions, but you should quickly switch to a chip ATM card for higher security. Alternatively, you can open an ATM card with an online chip, but after that, you still need to do some confirmation from the bank to receive the card, saving you more time when doing it directly at the bank.