Article 1. Definitions

1.        “VPBank/Bank”: is Vietnam Prosperity Joint Stock Commercial Bank. VPBank includes Branches, Transaction Offices and other sale channels of Vietnam Prosperity Joint Stock Commercial Bank.

2.        “Timo Channel/Timo”: is the sale channels for e-banking services of VPBank, which allow Customer to perform banking transactions after being identified, open spend account and register e-banking services in accordance with regulations.

3.        “Service”: is the service of Spend Account provided to Customer by VPBank.

4.        “Customer/Member”: is the individual customer subject to Timo, whose information is specified in Application Form for Membership cum Contract for opening and use of Spend Account, issuance and use of debit card, e-banking service.

5.      “Application Form”: is Application Form for Membership cum Contract for opening and use of Spend Account, issuance and use of debit card, e-banking service signed by Customer.

6.      “Contract”: is Application Form for Membership cum Contract for opening and use of Spend Account, issuance and use of debit card, e-banking service signed between Customer and VPBank including General Transaction Terms and Conditions.

7.      “Account/Spend Account”: is Timo Spend Account opened to Customer by VPBank on the basic of Contract.

8.       “General Transaction Terms and Conditions about opening and use of Timo Spend Account/ General Transaction Terms and Conditions about opening and use of spend account/Terms and Conditions about use of spend account” (Hereinafter called as “General Transaction Terms and Conditions”): is the fixed terms notified by VPBank in each period to apply for individual customer opening and using Timo Spend Account at VPBank. General Transaction Terms and Conditions are publicly announced by Timo under regulations of laws. If Customer signs Application Form, Customer shall be deemed to accept this General Transaction Terms and Conditions.

9.      “Timo Application/ Application”: is the Timo software program which allows Customer to perform financial transactions provided by VPBank on Smartphone or internet browsers.

10.  Other capitalized terms not explained in this General Transaction Terms and Conditions shall be construed and interpreted according to the respective contents in Application Form, products, services participated in by Customer in order to ensure to comply with relevant provisions of laws.