In these Terms and Conditions, "the Bank" refers to Standard Chartered (China) Limited; "Standard Chartered Bank" refers to the Bank's holding companies, affiliates or the affiliates, related companies, representative offices or branches of its holding companies, in any country or region, including the Bank itself; "Priority Banking Customer" refers to Priority Banking Customer, Priority Banking Customer's joint account holder or Priority Banking Customer's authorized person Standard Chartered (China) Limited. “Priority Banking Private Wealth Customer” or “Private Wealth Customer" refers to the individual Priority Banking Customer who meets the Eligibility Criteria for the Bank's Private Wealth Customer, his joint account holder or authorized person. Subject to these Terms and Conditions, the services the Bank provides to Priority Banking Customer include, but are not limited to: Household Recognition and Global Recognition of Priority Banking, free international fund transfers, emergency cash etc. Priority Banking Private Wealth Customers are entitled, in addition to all of the aforesaid services, to the Private Wealth services and exclusive privileges provided by the Bank.
1 Services and Privileges
1.1
Priority Banking Customers will need to meet the Bank's eligibility criteria to become a Priority Banking Customer/Private Wealth Customer. Customer's admission to Priority Banking/Private Wealth membership is at the Bank's discretion. The Bank may offer the Bank's customer who meets the Eligibility Criteria to become Priority Banking Customer/Private Wealth Customer. The Bank may also decide that Priority Banking Customer who meets the Eligibility Criteria to become Private Wealth Customer.
1.2
A customer who becomes the Bank’s Priority Banking Customer/Private Wealth Customer or who accepts Priority Banking/Private Wealth services and privileges provided by the Bank shall be bound by these Terms and Conditions. The Bank is entitled to determine and update from time to time the contents and scope of its Priority Banking/Private Wealth services and privileges and publish them at its official website or operating outlets or by other means to notify the customer.
1.3
The Priority Banking Customer/Private Wealth Customer may terminate his/her Priority Banking/Private Wealth membership by giving the Bank a written notice. In addition, the Bank may terminate the customer’s Priority Banking/Private Wealth membership at any time by notifying the customer.
2 Eligibility Criteria
2.1 Eligibility Criteria for Priority Banking Customer
Customers who maintain a daily minimum total amount of RMB 500,000 (or an equivalent amount in foreign currency) every month of deposits and/or investments with the Bank will be eligible for Priority Banking membership. If a customer enters into a mortgage loan contract with the Bank for RMB 2,000,000 (or an equivalent amount in foreign currency), the customer will also be eligible for Priority Banking membership before the said loan contract is terminated.
2.2
Eligibility Criteria for Private Wealth Customer
Customers who maintain a daily minimum total amount of RMB 3,000,000 (or an equivalent amount in foreign currency) every month of deposits and/or investments with the Bank will be eligible for Priority Banking Private Wealth membership.
2.3
The Eligibility Criteria for the above memberships are subject to change at the Bank's sole discretion. The Bank will advise any changes to the above eligibility criteria for Priority Banking Customer/Private Wealth Customer by publishing such changes at its official website or operating outlets or by other means to notify the customer ten days in advance.
3 Fees and Charges
3.1
The Bank may charge fees for providing Priority Banking services/Private Wealth services. The fees are set out in the “Tariff Table for Consumer Banking Services of Standard Chartered (China) Limited” and may be changed from time to time. The Customer can request a copy of the “Tariff Table for Consumer Banking Services of Standard Chartered (China) Limited” or the specific charges for a particular Priority Banking services/Private Wealth service by contacting Relationship Manager, visiting any branches of the Bank or from the Bank’s website.
3.2
For the avoidance of doubt, a Priority Banking Customer/Private Wealth Customer must meet the Bank's eligibility criteria in relation to account management fee. Thus if the Priority Banking Customer/Private Wealth Customer fails to maintain a minimum daily average balance of RMB 500,000 (or equivalent amount in foreign currency) of deposits and/or investments with the Bank, or if the Priority Banking Customer’s aforesaid loan contract with the Bank is terminated, the Bank shall have the discretion to adjust the customer’s membership type or charge account management fee of RMB 150 per month. Such fee may be deducted from any account the Priority Banking Customer/Private Wealth Customer opened with the Bank. The account management fee will be determined in accordance with the “Tariff Table for Consumer Banking Services of Standard Chartered (China) Limited” and may be changed from time to time due tomarket change.
4 Information Disclosure
In order to providePriority Banking service/Private Wealth service, the Priority Banking Customer/Private Wealth Customer agrees that the Bank, its employees and agents, can disclose information relating to his/her (including details of accounts, products or any security) to any member of Standard Chartered Bank and anyone Standard Chartered Bank considers necessary after reasonable judgement.
5 Household Relationship Benefit
5.1
Household relationship benefit appliers (“applicants”) have to be Priority Banking customers or Private wealth management customers (If applicants are Kids Account holders, it’s essential that their applications are made by their guardians). Customers enjoying household relationship benefit (existing customers) have to be family members of applicants (limiting only to spouses, children or parents), and our Priority Banking customers or Private wealth management customers at the same time. No more than three persons are permitted including the applicants and existing customers.
5.2
After successfully applying for Household Recognition, if anyone of Applicants and Existing Customer meets the Eligibility Criteria for Priority BankingCustomer, the account management fee will be waived for the period during which such criterion is maintained. If none of Applicants and Existing Customer meets the Eligibility Criteria for Priority BankingCustomer, account management fee based on the “Tariff Table for Consumer Banking Services of Standard Chartered (China) Limited” announced from time to time by the Bank will be levied on all Applicants and Existing Customer enjoining Household Relationship benefit.
5.3
The Applicant must provide Existing Customer information for verification, and consent from Existing Customers is required to enjoy Household Relationship Benefit.
5.4
The Applicant must ensure the information provided to the Bank is true and correct for the Bank’s checking and communication. Otherwise the Applicant shall be solely liable for any losses caused to the Bank or himself/herself.
6 Priority Banking/Private Wealth Global Recognition
6.1
The Bank Global Recognition service offers the following services to Priority Banking Customer/Private Wealth Customer:
(A) Preferential foreign exchange rates;
(B) Use of Priority Banking lounge facilities;
(C) Access to local and international wealth management information.
6.2 If a member of Standard Chartered Bank provides preferential foreign exchange (FX) rate services to its local Priority Banking/Private Wealth customers, Priority Banking Customer/Private Wealth Customer in other locations can enjoy the same preferential service at the said member of Standard Chartered Bank. The preferential FX rate offered shall be the current rate of the said member of Standard Chartered Bank which accepts the foreign exchange application from the Priority Banking Customer/Private Wealth Customer or the rate set by relevant organization referred in the service or plan. For the latest preferential FX rates, please contact the Relationship Manager or consult the relevant Standard Chartered Bank outlet.
6.3 Items (B) and (C) listed in Clause 6.1 are also available to Priority Banking Customer/Private Wealth Customer in the countries and regions listed below in addition to those in China.
India
Indonesia
Korea
Malaysia
Singapore
Taiwan
United Arab Emirates
7 Free International Fund Transfers
7.1
Handling commission and cable charges will be waived by the Bank when a Priority Banking Customer/Private Wealth Customer transfers funds to an overseas Standard Chartered Bank account that is not opened with the Bank.
7.2
The above waiver is limited to the charges levied by the Bank, i.e. handling commission and cable charges. Fees imposed by the other banks or institutions shall be paid.
7.3
All fee waivers, charges and exchange rates are subject to change at the Bank’s discretion and may be adjusted from time to time.
8 Overseas emergency cash service
8.1
Emergency cash service ("the Service") is available to Priority Banking Customer/Private Wealth Customers in the following countries and regions:
Brunei
Hong Kong
Indonesia
Korea
Malaysia
Philippines
Singapore
Vietnam
United Arab Emirates
India
The Service is also available to Priority Banking Customer/Private Wealth Customer through Travelex outlets in the following countries:
United States
Canada
United Kingdom
Australia
New Zealand
Switzerland
Belgium
Czech Republic
Italy
France
Germany
Holland
8.2
Each Priority Banking Customer/Private Wealth Customer may apply for emergency cash service transaction for one time per month. The withdrawal limit for the emergency cash service is the local currency equivalent of up to US$5,000 at Standard Chartered Bank and US$2,000 at Travelex, respectively.
8.3
The cash amount, which may be withdrawn pursuant to the Service, will be determined by Standard Chartered Bank at its sole discretion, and is subject to change by Standard Chartered Bank without notice from time to time.
8.4
Standard Chartered Bank is entitled to charge Priority Banking Customer/Private Wealth Customer a service charge for the provision of the service, the amount of which ("Service Charge") shall be determined by Standard Chartered Bank at its sole discretion from time to time. Any service feewill be debited from customer's Designated Account ("Designated Account"). The Designated Account shall be a foreign currency remittance account and cannot be a joint account.
8.5
The Priority Banking Customer/Private Wealth Customer shall bear charges (if any) of correspondent bank when using the Service.
8.6
The Priority Banking Customer/Private Wealth Customer agrees to provide such documents and to take such action as may be required by Standard Chartered Bank for verification and validation purposes. In addition to the application form for the Service, Priority Banking Customer/Private Wealth Customer agrees to complete and execute any other documents that may be required by Standard Chartered Bank.
8.7
All applications are subject to the approval of Standard Chartered Bank. Standard Chartered Bank is entitled to reject any application at its sole discretion without giving any reason. Standard Chartered Bank is not obliged under any circumstances to process any emergency cash application submitted to it outside of its normal banking business hours in the country in which the application bank is situated.
8.8
Upon approval of the Application by Standard Chartered Bank, an amount equivalent to the amount of cash applied for by Priority Banking Customer/Private Wealth Customer pursuant to the Service (the "Emergency Cash Amount") will be debited from the Priority Banking/Private Wealth customer's Designated Account at such time as Standard Chartered Bank may determine at its sole discretion.
8.9
The emergency cash amount will be paid in the currency of the country in which the application bank is located or such other currency as Standard Chartered Bank may determine at its sole discretion.
8.10
If the amount in customer's Designated Account is in a currency other than the currency in which the emergency cash amount is paid to the Priority Banking Customer/Private Wealth Customer, Standard Chartered Bank will convert the emergency cash amount and any service fee into the currency of the amount in customer's Designated Account at such time as Standard Chartered Bank may determine at its sole discretion and at a rate of exchange which Standard Chartered Bank reasonably considers appropriate at its sole discretion before debiting customer's Designated Account.
9 Services Provided by Third Parties
The Bank may from time to time introduce other Priority Banking/Private Wealth privileges and service provided by third parties to Priority Banking Customer/Private Wealth Customer. Any services provided by third parties are subject to their Terms and Conditions and the third party will be liable for any loss that the Priority Banking Customer/Private Wealth Customer incurs in relation to such services.
10 The Priority Banking Customer/Private Wealth Customer is bound by the Terms and Conditions set out in the “Terms & Conditions and Rules for Standard Chartered Bank Accounts and Services" with respect to accounts opened by him/her at the Bank and services provided by the Bank. The Priority Banking Customer/Private Wealth Customer is bound by the Terms and Conditions set out in the “Regulations of Standard Chartered Bank (China) Limited on Debit Card” with respect to his/her application, acceptance and use of Debit Card issued by the Bank. In the event of any conflict between these Terms and Conditions and the “Terms & Conditions and Rules on Bank Accounts and Services" or “Regulations of Standard Chartered Bank (China) Limited on Debit Card”, these Terms and Conditions will prevail insofar as they relate to services stipulated herein.
11 The Bank is entitled to modify, suspend or terminate the services stipulated in these Terms and Conditions and amend these Terms and Conditions.Priority Banking Customer/Private Wealth Customer.
12 These Terms and Conditions shall be governed by and construed in accordance with the laws of the People's Republic of China.
13 The English version of these Terms and Conditions are for your convenience and reference only. In the event of any conflict between it and the Chinese version, the Chinese version shall prevail under all circumstances. Customers may seek advice from a third party with respect to the accuracy of the translation.
14 TheseTerms and Conditions take effect from [*date*month*],2013.


English      首页      本地条款与细则    隐私政策