The State Bank of Vietnam (SBV) issued Circular 17 regulating the opening and use of payment accounts and Circular 18 regulating bank card activities, aiming to control transactions more closely and minimize fraudulent activities through the banking system.

Accordingly, from January 1, 2025, if the owner has not authenticated biometrics with the bank, he/she will not be able to make online transactions (schedule automatic bill payments, make online payments on e-commerce sites, pay by swiping/touching, linking cards to wallets, etc.). It is even impossible to use ATMs/CDMs to deposit/withdraw money across the entire system; money can only be deposited/withdrawn/transferred at the bank's transaction counter.

In addition, if the identification document expires, users cannot make any transactions with their accounts, debit cards and credit cards without updating new documents with the bank.

In order to help VPBank customers add an extra layer of security and be able to smoothly conduct financial transactions, in addition to arranging support resources at every point of contact with customers, VPBank is simultaneously implementing an attractive gift program for customers who complete biometric data updates during this period.

Most notably, "Biometrics to get an iPhone right away" with a total gift value of nearly 7 billion VND for customers who authenticate biometrics and update their identification documents from November 7, 2024 to January 23, 2025. Accordingly, each customer who successfully authenticates biometric data and updates new identification documents on both VPBank NEO or at VPBank transaction counters will receive a code to participate in the weekly lucky draw.

Every Sunday evening, VPBank will conduct a random draw to select 7 luckiest customers to receive a special gift of 7 iPhone 16 Promax phones worth 35 million VND/phone. These 7 customers are selected from the drawing of the lucky codes for each day of the week, ensuring that customers who receive the code on any day of the week have an equal chance of winning.

The program has a total of 9 draws in 9 consecutive weeks, equivalent to a total of 63 iPhone 16 Promax prizes that will be given to customers by VPBank on this occasion.

At the same time, VPBank also gives away a cashback evoucher code worth 50,000 VND to all customers who successfully update their biometrics and identity documents. This program is implemented from now until January 23, 2024. The number of gifts is set at a specific number (1,000 times/day), so customers who receive the code need to use it as soon as possible to avoid losing the opportunity because others have used up all their gifts.

Easily update biometrics on VPBank NEO app with just a few simple steps:

Thus, with just 1 minute of updating biometrics or updating identification documents, VPBank customers not only increase a layer of security and ensure smooth transactions, but also help VPBank customers own an iPhone 16 Promax worth up to 35 million VND or a 50,000 VND cashback evoucher. With attractive prize values, the program is expected to attract a large number of customers to participate.

For more information about the promotion program, customers can visit here https://tb.vpbank.com.vn/sinh-trac-hoc-ngay-iphone-ve-tay or contact VPBank:

• Customer care portal: https://cskh.vpbank.com.vn

• Call center 1900 54 54 15 (Standard customers) / 1800 54 54 15 (priority customers)