cashback when you deposit new money to your Priority Account.
cashback when you transfer new money to the Priority Account and purchase any Investment / Investment linked products.
cashback when you transfer any Investment and maintain the portfolio with us.
As a valued Priority client, you’re already on the path to smarter financial growth. Now’s the perfect time to grow your relationship by adding funds to your account, exploring new investment opportunities or consolidating your investment portfolios with us.
Our dedicated experts are here to help you make the most of your relationship, with personalised solutions designed to grow and protect your wealth.
Benefit from our exclusive offer and get up to $21,000 cashback*.
This campaign is valid from 15 April 2025 to 31 July 2025.
How to get rewarded:
All existing priority clients who meet the minimum eligibility criteria set out below are eligible for the maximum cashback based on the below tiers:
Category
|
Client Action
|
Qualification Criterion
|
Average Account Balance (USD/USD equivalent)
|
CASHBACK (USD)
|
|
---|---|---|---|---|---|
A | Transfer new money to Priority account | Maintain the funds with us | 100,000 to 200,000 | 1,500 | |
200,000 to 500,000 | 2,500 | ||||
500,000 to 1,000,000 | 4,500 | ||||
1,000,000 and above | 9,000 | ||||
Category | Client Action | Qualification Criterion | Average CASA Balance (USD / USD equivalent) | Minimum Investment (USD or USD equivalent) | CASHBACK (USD) |
B | Transfer new money to Priority account (And) Purchase an Investment / Investment-linked product |
Maintain the funds with us (And) Purchase a MF/SN/FI/WAP anytime during the campaign period |
100,000 to 200,000 | 100,000 | 2,500 |
200,000 to 500,000 | 100,000 | 3,500 | |||
500,000 to 1,000,000 | 200,000 | 5,500 | |||
1,000,000 and above | 200,000 | 11,000 |
Category
|
Client Action
|
Qualification Criterion
|
Portfolio Transfer Amount (USD or USD equivalent)
|
CASHBACK (USD)
|
|
---|---|---|---|---|---|
C | Transfer an Investment portfolio | Transfer MF/FI/SN and maintain the portfolio with us | 100,000 to 300,000 | 1,000 | |
300,000 to 500,000 | 2,000 | ||||
500,000 to 1,000,000 | 5,000 | ||||
1,000,000 and above | 10,000 |
Important notes:
The following terms and conditions shall apply in relation to the cashback campaign (the “Campaign”)
1.Definitions
The following terms shall have the following meanings:
“Account Balance” means the calculation of the sum of balances of all Eligible Accounts, in USD or other currencies.
“Bank” means Standard Chartered Bank, Bahrain Branch.
“Eligible Accounts” means any new funds deposited into a new current and/or savings accounts, including Saadiq variants.
“Funds” means the average monthly Account Balance held by the Clients for 3 calendar months, following the month in which the Eligible Account was opened.
“New Funds” means, in respect of New to Bank clients, the new funds placed in Eligible Accounts.
“New-to-Bank Clients” mean clients who have not been Priority Banking clients of the Bank within the last 12 months and do not hold existing current and/or savings accounts and/or term deposits with the Bank in its Personal Banking or Priority Banking Segments. New-to-Bank Clients will include those clients who have opened an Eligible Account and deposited New Funds into the Eligible Account during the Campaign Period.
“Qualification Period” shall have the meaning provided in Clause 3.2
2. Terms of the Campaign
2.1 Term: The Campaign will commence from 15 April 2025 until 31 July 2025 (both dates inclusive) (the “Campaign Period”).
2.2 Eligibility: All existing Priority Clients of the Bank who place New Funds in the account as per section 2 below, are eligible to participate in the Campaign. Existing Clients who also make a purchase of a qualifying investment / insurance product are eligible for a higher cashback as outlined in the Campaign Criteria. Investment / Insurance products which qualify for the higher cashback are mutual funds (MF), fixed income securities (FI), structured notes (SN) and single premium investment plan (WAP).
3. Cashback:
3.1 All existing priority clients who meet the minimum eligibility criteria set out in the above table are eligible for the maximum cashback based on the abovementioned tiers:
3.2 Cashback pay-outs shall be as per the following schedule:
Campaign Timelines
|
|||
---|---|---|---|
Category | Qualification Month (Fund the account by) |
Qualification Period (Hold the funds for) |
Cashback Payout Month |
A | May 2025 | May – July 2025 | August 2025 |
June 2025 | June – August 2025 | September 2025 | |
July 2025 | July – September 2025 | October 2025 | |
August 2025 | August – October 2025 | November 2025 | |
Category | Qualification Month (Fund the account by) |
Qualification Period (Hold the funds for) |
Cashback Payout Month |
B | May 2025 | May – July 2025 | August 2025 |
June 2025 | June – August 2025 | September 2025 | |
July 2025 | July – September 2025 | October 2025 | |
August 2025 | August – October 2025 | November 2025 | |
Category | Qualification Month (Transfer Portfolio by) |
Qualification Period (Hold the portfolio for) |
Cashback Payout Month |
C | May 2025 | May – October 2025 | November 2025 |
June 2025 | June – November 2025 | December 2025 | |
July 2025 | July – December 2025 | January 2026 | |
August 2025 | August – January 2026 | February 2026 |
3.3 Clients who fund their Eligible Account with the prescribed average account balance within the applicable campaign timelines will be eligible for the Cashback as defined in the table in 3.1 above.
3.4 The Bank will credit the cashback amount into the client’s current / savings account upon completion of the Qualification Period. Clients will be required to have an open and active current / savings account to receive the cashback.
3.5 The cashback amount is non-transferable and cannot be paid, remitted, or deposited to a person or account other than the client.
3.6 The Bank shall not pay late payment charges or additional profit for any delay in crediting the cashback amount to the client.
3.7 The Bank shall not be liable for any delay in crediting the cashback amount if such delay is because the client cannot be contacted.
3.8 Minor / Guardianship accounts are excluded from the Campaign.
3.9 Transfer of Funds from a client’s spouse, siblings, parents, or children’s accounts into the client’s account via internal transfer, cash withdrawal and deposit or transfers routed through other bank(s) will be excluded from New Funds calculations.
3.10 Setup of multiple family accounts will not be eligible under the Campaign and will be excluded from New Funds calculations.
4. Other Terms
4.1 The Bank reserves the right to disqualify any client from the cashback if it has reasonable grounds to believe the client has breached any of the terms, conditions, and rules of the campaign. It also has the right at any time to verify the validity of the eligibility of all clients, not limited to just the information provided.
4.2 All taxes, fees and other charges, if any, payable on the cashback shall be the sole responsibility and liability of the client.
4.3 This offer is not valid in conjunction with any other special promotion or other reward periodical campaigns organized for Priority Banking accounts.
4.4 The Bank reserves the right to vary, add or delete any of the terms and conditions applicable to this offer at any time with 15 days prior notice.
4.5 These terms and conditions are subject to the laws of the Kingdom of Bahrain. The Courts of the Kingdom of Bahrain shall have jurisdiction to settle any disputes arising therefrom.
This is to inform that by clicking on the hyperlink, you will be leaving www.sc.com/bh and entering a website operated by other parties:
Such links are only provided on our website for the convenience of the Client and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents.
The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.
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