AUTOMATIC PAYMENT OF THE CARD'S AMOUNT DUE. 1. The Cardholder may register service of Automatic payment of total amount due or minimum amount due if he/she holds a current account at the Bank or any organization signing agreements on automatic debiting for credit card payment with the Bank. The Cardholder shall ensure that the account fixed for automatic payment has sufficient balance before the date that the Bank makes automatic payment. In case balance of the current account is less than registered automatic payment limit, the Bank shall collect the whole remaining balance of the account to pay the Card's amount due and the Cardholder shall assume responsibility for directly paying the Card's amount due or the remaining amount due on the due date specified in Statements and bear all fees and interest incurred, if any.
2. Automatic payment for the Card is made by the Bank 01 (one) day before the due date specified in Statements. If balance of the current account is not enough on the date that the Bank makes automatic payment, the Bank may assist but has no obligation to make the 2nd (second) automatic payment on the due date to further collect insufficient debts in comparison with the limit registered by the Cardholder.
3. If the Statement period is due on Saturday, Sunday, public holidays or Tet holidays or internal non-business days of the Bank, the Bank shall make automatic payment on the business day 02 (two) days prior to non-business days or public holidays or a business day the Bank thinks appropriate and is notified to the Cardholder in advance. If the Bank fixes another due date for such statement period, the date of automatic payment shall be changed accordingly and the Bank shall notify the Cardholder in advance.
4. The first automatic debiting from the accounts of Viet Capital Bank’s employees shall be made on the date of salary payment or a business day the Bank thinks appropriate, depending on each statement period and the Cardholder shall be notified in advance.
