Lao Viet Bank LVB DigiBank review

The published charge for the account is a monthly fee of LAK 0. That sits alongside a median of €0 across the cards listed on the site, while the largest monthly fee in that range reaches €99. The card itself is a debit card, so spending comes from the account balance.

The card type is listed as debit. Debit cards make up 73.4% of the cards listed on the site, with prepaid cards at 21.2% and virtual cards at 5.4%. A debit card pays straight from the bank account, so the balance has to be funded first.

Your balance sits with the bank behind the card, Laos - Vietnam Joint Venture Bank Co., Ltd, rather than with a trading platform. The product is a bank account with a debit card attached, so the money is held by the bank itself and the card is simply how you pay for things day to day.

The bank was founded in 1999 and is registered as Laos - Vietnam Joint Venture Bank Co., Ltd. It operates from LA. The card and the account are offered by that same bank rather than by a separate fintech, so there is one institution behind the balance and the card.

The account is a debit card tied to a bank in Laos, so it is built for spending in that single market. Readers who need card spending across several currencies would be looking at a different kind of account, and readers who travel should weigh conversion cost before relying on the card.

The stated charge is the monthly fee of LAK 0, and cash and currency rates are the point to confirm with the bank before relying on the card abroad. Across the cards listed on the site, the median free ATM withdrawal allowance is €0 and the median currency conversion fee is 1%.

The site lists 3 alternatives to this card. Monzo Flex, Wise and Bitpanda each show a monthly fee of £0, £0 and €0, so cost is not the deciding factor. The choice comes down to the currency and account setup you need.

LVB DigiBank suits readers in LA who want a debit card linked to a bank account and are happy with a monthly fee of LAK 0. It fits people who spend mainly in a single currency, and it is a poor match for anyone looking for multi currency card spending or crypto specific card features.