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Priority Banking Sign-Up (“this Promotion”) Promotion Terms and Conditions (“these Terms and Conditions”):

1. Term

1.1 This Promotion begins on 29 July 2013 and ends on 30 September 2013.

2. Eligibility & Benefits

2.1

Option 1

If you sign up for Priority Banking membership by investing or placing with us:

 

  • BND50,000 in Unit Trusts; and
  • BND50,000 in 36-month BND Fixed Deposit; and
  • BND50,000 in a current or savings account or other investment products; we reward you with:
    • BND800 worth of shopping vouchers for your Unit Trusts investment; and
    • preferential interest rates of 0.85% p.a. for your 36-month BND Fixed Deposit; and
    • an ‘American Tourister Smart Boston Bag’.
2.2

Option 2

If you sign up for Priority Banking membership by investing or placing with us:

 

  • BND25,000 in Unit Trusts with 1-year Regular Savings Plan of BND1,000 each month; and
  • BND50,000 in 36-month Brunei Dollar Fixed Deposits; and
  • BND75,000 in a current or savings account or other investment products; we reward you with:
    • BND400 worth of shopping vouchers for your Unit Trusts investment; and
    • BND150 worth of shopping vouchers for your Regular Savings Plan; and
    • preferential interest rates of 0.85% p.a. for your 36-month Brunei Dollar Fixed Deposits; and
    • an ‘American Tourister Smart Boston Bag’.

3. Further Terms and Conditions

3.1

Unit Trusts

  • Accumulation of investment amount on different days is not permitted.
  • If the invested amount is in a currency other than the currency of Brunei Darussalam, we use a rate we reasonably consider appropriate for the purpose of calculating your shopping voucher.
  • No discount is permitted on sales charge for unit trust.
  • This Promotion is also not applicable to switches, redemptions and transfers of Unit Trusts.
  • If you cancel your Regular Savings Plan within 1 year, we deduct BND150 from any of your accounts with us.
3.2

BND Fixed Deposit

  • You must instruct us in writing (or any other way we agree to accept) before the maturity date (and in the case of foreign currency deposits, at least two banking days before the maturity date) whether you want:
    • a) to renew the fixed deposit; or
    • b) us to pay you the principal and interest on the maturity date.
  • If you do not instruct us, we may renew the fixed deposit for a similar term with interest at the prevailing interest rate for the term. However, we have no obligation to do so.
  • We do not allow withdrawals before maturity on BND Fixed Deposits except in exceptional circumstances. If we allow you to make an early withdrawal, charges may apply and we may not pay all the interest accrued. More details on arrangements for interest payable on amounts withdrawn early are available by contacting us.
3.3

Priority Banking

  • This Promotion does not apply to Priority Banking members.

4. Banking Agreement

4.1 This Promotion is governed and subject to be contained within the terms and conditions on which we provide our products including the Customer Terms, Investment Product Terms and Conditions, Current/Cheque/Savings Account and Fixed Deposit Terms, Priority Banking Services and Privileges Terms and Conditions and any other documents forming our banking agreement.

5. General

5.1 We may vary, modify, delete or add to these Term and Conditions by notice to you in accordance with our usual practice and in accordance with any applicable law. This may include giving notice to you by public announcement as set out in Clause 7.3 of Customer Terms.
5.2 We may substitute benefits with similar value and at any time without prior notice and without assigning reasons thereof.
5.3 We may cancel or withdraw this Promotion at any time.
5.4 In the case of any disputes arising from or in connection with this Promotion, our decision is final and conclusive.
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