Timo by VPBankTimo by VPBank

Vietnam 数字银行 Fully online Permit holders ★ 4
Minimum depositNo minimum deposit
Monthly feeNo monthly fee
Minimum balanceNo minimum balance
How to applyFully online (eKYC in the app with a Vietnamese number, CCCD/passport and video verification)
Processing timeOnline ~15-30 min; usually 1-2 business days after video verification
Institution typeDigital Bank
Data baseline 2026-10. Editor-verified, but rules change — confirm with the official site before applying. Data transparency →

About this bank

One of Vietnam’s earliest digital banks (under VPBank), known for fully online onboarding and goal-based saving — a flagship of Vietnamese eKYC account opening.

Advantages

  • One of Vietnam’s first digital banks with fully online onboarding
  • No monthly fee and practical goal-saving features
  • Connected to the VPBank branch network

Things to note

  • Usually requires a Vietnamese CCCD; foreigners need a passport plus a valid visa or residence permit
  • Video verification may involve waiting
  • Cash handling relies on VPBank and ATMs

Documents required

  • A Vietnamese mobile number
  • Vietnamese CCCD (foreigners: passport plus a valid visa or temporary residence proof)
  • Selfie and video verification

Requires a Vietnamese mobile number and CCCD; foreigners can try with a passport plus a valid Vietnamese visa or temporary residence proof, though screening is stricter and short-stay visitors rarely succeed.

Opening offers & benefits

Standing benefits

These are stable, standing account benefits (not time-limited) — available as long as you qualify:

Bank offers change frequently by region and quarter. Checked 2026-10; follow the bank's official promo page.

FAQ

Can non-residents open an account with Timo by VPBank?

Partially. Foreigners can try with a passport plus a valid Vietnamese visa or temporary residence proof, but screening is stricter and short-stay visitors rarely succeed.

How much money do I need to open a Timo by VPBank account?

No minimum deposit — the account can be opened at zero.

What documents are required for a Timo by VPBank account?

A Vietnamese mobile number, CCCD (or passport plus visa/temporary residence proof), and selfie plus video verification.

How long does Timo by VPBank account opening take, and must I visit a branch?

About 15–30 minutes in the app, then 1–2 working days after video verification.

Why might a Timo by VPBank application be rejected?

Common reasons: insufficient visa or residence proof, failed video verification, a number not in your name, or mismatched CCCD/passport data.

Does Timo by VPBank have any opening offers or new-account rewards?

Standing benefits: No Monthly Fee, No Min Deposit, Fully Online, Digital Bank, Fast Approval. Promotions change by region and quarter — always check the bank's official promo page (verified 2026-10).

Ready? Open your account

Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.

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