Please read carefully the terms and conditions provided below (hereinafter the “Terms”) that govern your use of the Shared Expenses feature (hereinafter the “Product”). By using the Product, you fully agree to these Terms.

1. Description of the Product

1.1. Shared Expenses is a digital service provided by TBC Bank JSC (ID 204854595) hereinafter the “Bank”) that allows customers to split group payments/bills efficiently and settle them from a single pool.

1.2. Under the Shared Expenses feature in Mobile Bank:

1.2.1. Users can collect payment shares from transaction participants easily and efficiently via digital bank, after the transaction has been completed;

1.2.2. Once a Shared Expenses Group is created, Group members can send payments to each other easily and repeatedly, without having to manually fill out the payment order each time.

2. Terms of Use

2.1. The Product is managed by Shared Expenses Group members for the purpose of splitting shared costs. The Product has been designed for individual (natural person) Mobile Bank users and not for legal entities.

2.2. Under the Product, Group members have equal rights: for the purpose of splitting costs and after splitting, they can add or remove members, etc.

2.3. New members can only be invited to the Group by adding them to a specific expense. Any Group member can accept or reject a new membership request. Users are encouraged to invite or add new members thoughtfully and with full awareness, giving due consideration to their identity.

2.4. A Mobile Bank User can split a payment, indicate potential Group members [ET1] and invite them to share the expense. To add members to the Group, the User must either share a QR code or a link via different communication channels.

2.5. If the number of users willing to join the Group is higher than the predefined number for a particular expense, priority will be given to those who apply earliest.

2.6. Group members can leave the Group at any time. They can also remove other participants.

2.7. Each User may add their expense, as well as view and/or edit other members’ expenses.

2.8. To collect payments on a particular expense, the User may invite all Group members or only those participating in the given expense.

2.9. In their profile, the User can track how much they owe or are owed by other members.

2.10. While initiating a payment to another Group member, the User selects the payee and their account, and confirms the transaction.

2.11. The number of the Shared Expense Group members is not limited.

2.12. Users are not permitted to create/use/join a Group and/or share expenses related to illegal or unethical conduct, instigation of violence and/or offence, purchase of illicit goods (weapons/firearms, drugs and/or other goods banned from sale and purchase under applicable law).

2.13. The restriction set forth in 2.12 above fully applies to Group labels and profile images.

2.14. In case of violation of the requirements and rules envisaged herein, the Bank reserves the right to unilaterally take relevant steps (including cancellation of the Group).

3. Confidentiality and Privacy Statement

3.1. The Bank represents that it manages confidential information and personal data in accordance to the Privacy Policy published on the Bank’s website https://tbcbank.ge/ka/privacy-policy. By agreeing to the Terms hereunder, the Customer confirms that they are aware of and agree to the aforementioned Privacy Policy.

3.2. By agreeing to these Terms, the Customer confirms that their information, including the initials of their first and last name, their user profile image in Mobile Bank (Avatar), shared transaction details (merchant name, transaction amount, currency and transaction date), the amount of their share and its payment status (whether paid or unpaid) will be accessible to other Group members, including those who did not participate in the given payment.

3.3. The Customer is aware that the Group’s profile image will be displayed to all group members, including those who have been invited but not yet accepted into the Group. The Customer agrees not to display a photo that contains/depicts violence and discrimination, suggests a breach of ethical standards and/or constitutes infringement of third-party rights either directly or indirectly. Furthermore, the use/display of the photo must not be in violation of the Georgia law on Copyright and Neighbouring Rights;

3.4. It is prohibited to share Group members’ confidential information and/or personal data with third parties and use/process them beyond the intended purpose of the Product.

3.5. By accepting the Terms set forth herein, the Customer represents that they will use the confidential information and personal data pertaining to the Group solely for the purpose of the Shared Expenses feature and will observe the provision set out in 3.2 above.

3.6. If the Customer does not wish to share their personal data with other Group members, they shall leave the Group.

4. Responsibilities

4.1. The Bank, on its part, will support provision of the service hereunder to the Customer via Mobile Bank.

4.2. The Bank shall not bear responsibility for any direct or indirect, intended or unintended, or consequential damage resulting from unlawful use of the Product and violation of the Terms described herein.

4.3. The Bank does not solicit information or intervene in expense distribution, affordability and the Group members’ financial commitments (if any) under this Product. It only ensures consistent structure and organization of transaction records in Mobile Bank.

5. Other Terms

5.1. These Terms are governed by the Georgian Law and the Agreement on Banking Transactions executed by and between the Parties.

5.2. The Product may only be used lawfully and for its intended purpose.

5.3. The Customer shall not use the Product for unlawful and fraudulent purposes, and/or to the detriment of the Bank and/or the Group members.

5.4. The Bank reserves the right to amend these Terms and Conditions at any time.