Article 7. Fee schedule

/in /by

1.     During the Card is used, the Cardholder assumes liability for paying to VPBank any fees specified in VPBank’s card fee schedule as prescribed by the laws, including but not limited to:

a)     Card issuance fee: refers to fee that shall be paid upon registration of Card issuance, including: the first issuance fee, reissuance fee.

b)     Annual fee: refers to fee that shall be annually paid by the Cardholder during the Card use.

c)     Fee to change card type: refers to fee that shall be paid by the Cardholder upon registration to change the Card type.

d)     Fee of international card transaction: refers to incurred fees when non-VND transaction is initiated.

e)     Duplicate statement fee: refers to fee that shall be paid by the Cardholder when the Bank is required to issue the statement for transaction(s)

f)     Reconciliation fee: refers to fee that shall be paid by the Cardholder incorrect or inaccurate reconciliation request is made on performed card transactions.

g)     Fee of handling ATM-based card transaction: refers to fee that shall be paid by the Cardholder to make transactions at ATM.

h)     Fee of changing card status: refers to fee that shall be paid by the Cardholder to request to open/lock the ATM Card.

i)      Service fee or administrative fee for any Card Account-related requests, services or added utilities provided or performed by VPBank at the request of the Cardholder.

j)      Other fees are complied with the laws and specified at VPBank’s Card Service Fee Schedule.

2.     The Fee Schedule is specified by VPBank and publicly posted on Timo official website and Timo Application and/or at VPBank transaction outlets from time to time.

3.     In case the Fee Schedule is changed, a notice shall be delivered to the Cardholder by one of methods as prescribed herein. Fee changes shall be valid and enforceable to the Cardholder upon 07 working days since notice is released by Timo channel and full payment shall be made to VPBank under new Fee Schedule.

4.     Depending on the VPBank’s policy from time to time, the Cardholder may be entitled to one or some fees when the Card is opened or during a certain period of time during the Card use. Upon the expiry of the preferential terms or when the conditions for incentives are not satisfied by the Cardholder, the fee shall be collected in accordance with the normal fee schedule and the Cardholder is responsible for paying the service fee to VPBank.