Timo by BVBank review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Timo by BVBank is a Vietnamese app bank for residents who want everyday spending, term savings and small credit in one place. The debit card carries a monthly fee of VND 0, and the fixed term deposit pays 4.75% to 6.9% over 1 to 24 terms for anyone happy to leave money in place.
Key facts
Loans
- APR
- 2.1%↗
- Loan amount
- up to ₫50,000,000↗
- Term
- 1 to 24 months↗
- Arrangement fee
- Kredivo platform fee charged once per loan, varies by loan term (VND 21,000 on a VND 700,000 loan)↗
- Funding time
- Within 1 business day of BVBank approval↗
- Representative example
- VND 700,000 personal loan over 3 months: platform fee VND 21,000, interest about VND 51,184, total to repay VND 772,184, about VND 257,350 per month↗
- Rate type
- Fixed↗
- Lender type
- Direct lender↗
- Eligibility
- Vietnamese citizens aged 18 or over with a valid chip ID card open online in the app; foreigners aged 15 or over legally residing in Vietnam may open an account at a BVBank branch with a valid passport plus visa, temporary residence card or permanent residence card↗
- Loan types
- Personal, Credit-line, BNPL↗
- Pricing model
- Fixed rate
Savings
Personal insurance
- Premium from
- ₫16,600↗
- Insurance types
- Life↗
- Provider type
- Broker↗
- Monthly payments
- Yes↗
- Claims channels
- Chubb Life office, Online↗
- Age range
- 18 to under 48↗
Facts checked September 26, 2026, 8 sources
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- The debit card runs on the visa network and has a monthly fee of VND 0.
- Term deposits pay 4.75% to 6.9% at a fixed rate, over terms of 1 to 24 from VND 100,000.
- Savings and lending sit with the same bank, Viet Capital Commercial Joint Stock Bank, and holders can add life cover from VND 16,600.
Cons
- Support runs on phone only, with no listed email or chat route for account problems.
- The free ATM allowance is VND 0, so every cash withdrawal is a charge the holder pays.
- The deposit is fixed for 1 to 24, so the money stays tied up for the whole term.
Who it suits
- Residents of VN who want a debit card that costs VND 0 a month to hold.
- Savers who prefer a fixed return over 1 to 24 rather than a rate that moves.
- People after a small personal loan or a credit line, since lending goes to up to VND 50,000,000 at an APR of 2.1%.
Who should look elsewhere
- Wise users who hold several currencies, since Timo is a VN account with a visa card.
- bunq users who expect an email desk or help centre: support runs on phone only.
- Varo Believe Secured Credit Card users after credit building, since the Timo card is debit and the fixed rate account is for savings.
Rates and card terms
Interest on the term deposit is 4.75% to 6.9% at a fixed rate, and the term runs 1 to 24. On the borrowing side, the stated APR on the Timo credit line is 2.1%. Because the deposit rate is fixed rather than variable, the return is set for the whole term and does not move while the money stays in place.
How Timo by BVBank compares
Where Timo by BVBank is available
- Available
- Vietnam
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does the Timo card cost to hold?+
The debit card has a monthly fee of VND 0, so day to day spending costs nothing to hold. It is a visa card, so it is accepted wherever that network is used. Cash is the main extra cost, and that is where the ATM allowance matters.
Do I get any free ATM withdrawals?+
The free ATM allowance is VND 0, so there is no included cash withdrawal on the debit card. Plan on paying the fee each time you take money out, and lean on in app payments for everyday spending instead.
Who is behind a Timo account?+
The account is held by Viet Capital Commercial Joint Stock Bank, a bank based in Vietnam. Timo is the app that sits on top of that bank, and the same provider lends directly through a direct lender, so savings and borrowing stay with the same institution.
How does the term deposit work at maturity?+
The deposit is fixed, so your money is tied up for the length you choose. You open and manage it in the app or on the site, and once the term ends you can roll the whole balance over, take the principal only, or let it end with no renewal.
How much can I borrow and how fast is the money?+
Timo offers personal, credit line and bnpl and tops out at up to VND 50,000,000. The stated rate is an APR of 2.1%, and lending runs as a direct lender, so approval comes from the bank rather than a broker. After BVBank approves, funding is Within 1 business day of BVBank approval.
What fees come with a Timo loan?+
A platform fee is charged per loan through Kredivo, and the amount changes with the loan term, so it bites hardest on the smallest sums borrowed. On top of that, the rate is an APR of 2.1% on a direct lender facility.
Is term life insurance included or extra?+
It is extra, arranged through a broker, with life cover and premiums from VND 16,600. Monthly payments are available, cover is for the 18 to under 48 age band, and claims can be filed online or at a Chubb Life office.
Who can open a Timo account?+
Vietnamese citizens with a valid chip ID card can sign up in the app, and the account is issued by Viet Capital Commercial Joint Stock Bank in Vietnam. Foreigners who legally reside in Vietnam can open at a BVBank branch with a passport plus a visa or residence card.
Sources
- play.google.com/store/apps/details checked September 26, 2026
Backs: Free ATM withdrawals
“Free withdrawals and transfers with Timo”
- timo.vn checked September 26, 2026
Backs: Headquarters, Support channels
“Timo Digital Bank by BVBank - first digital bank service in Viet Nam”
- timo.vn/en/visa-physical-debit-card checked September 26, 2026
Backs: Card type, Monthly fee, Card network
“Timo VISA Physical Debit Card”
- timo.vn/tham-gia checked September 26, 2026
Backs: Eligibility
“Neu ban tu du 18 tuoi, ban co the mo tai khoan online ngay tren ung dung dien thoai; doi voi nguoi nuoc ngoai ... chi co the mo tai khoan ngan hang Timo by BVBank tai ngan hang Ban Viet bang Ho chieu...”
- timo.vn/tiet-kiem-co-ky-han checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Rate type, Term
“with just a few simple steps in the app or on the website you can open a Term Deposit account”
- timo.vn/timo-credit checked September 26, 2026
Backs: Loan amount, APR, Features, Funding time, Lender type, Loan types, Arrangement fee, Representative example
“so tien toi da ban co the vay la den duoi 50.000.000 dong, tuy vao quy dinh noi bo cung nhu ket qua tham dinh cua BVBank”
- timo.vn/wp-content/uploads/2024/05/Dieu-khoan-va-Dieu-kie... checked September 26, 2026
Backs: Legal entity
“BVBank: is Viet Capital Commercial Joint Stock Bank”
- timo.vn/yrt-term-life checked September 26, 2026
Backs: Age range, Claims channels, Provider type, Insurance types, Monthly payments, Premium from
“Nguoi yeu cau thanh toan quyen loi bao hiem co the yeu cau giai quyet quyen loi bao hiem tai cac van phong Chubb Life tren toan quoc hoac tham khao quy trinh tai ch ubb.com claims page”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee, Protection.
Timo by BVBank
A Vietnamese debit card with a monthly fee of VND 0, paired with fixed term savings.