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Hk mobile account openning en
Hk mobile account openning en

Mobile Account Opening Welcome Offer

Mobile Account Opening Welcome Offer

Promotion Period: 9 December 2018 – 28 February 2019
Offer 1

Integrated Deposits Account (IDA) Promotional Savings Interest Rate

Offer 2

6-month Bonus Payroll Promotional Savings Interest Rate

Requirements •Successfully open an IDA via SC Mobile within the Promotion Period; AND

•Successfully register for SC Pay and register the Bank account as the FPS default receiving account within the Promotion Period; AND

•Maintain the FPS default receiving account with the Bank until 31 March 2019

•Fulfil the requirements of Offer 1; AND

•Successfully use the HKD Savings Account of the IDA as Bonus Payroll Account (“Bonus Payroll Account”) for the Bank’s auto-payroll services within the first 2 months from the account opening date

Promotional Savings Interest Rate 2% p.a. HKD Promotional Savings Interest Rate
Interest Rate Period Account Opening Date till 31 Mar 2019 1 April – 30 September 20191

(6 months)

Maximum Deposit Balance HKD1,000,0002 HKD5,000,0003, 4
Interest Rate calculation method Simple Interest
How to use the HKD Savings Account of the IDA for auto-payroll services?

Simply get an authorization from your employer for crediting this Bonus Payroll Account with your salary through the automatic payment arrangements5.

Terms and Conditions apply for the Offer.

Remarks
  1. Depending on the date of using the Bonus Payroll Account for auto-payroll services, client may enjoy the 6-month Bonus Payroll Promotional Savings Interest Rate starting from the date specified in the table below:
THE DATE OF Client USING THE BONUS PAYROLL ACCOUNT FOR the Bank’s AUTO-PAYROLL SERVICES
COMMENCEMENT DATE OF THE 6-MONTH BONUS PAYROLL PROMOTIONAL SAVINGS INTEREST RATE PERIOD
On or before 31 March 2019 Starting from 1 April 2019
After 31 March 2019 Starting from the next business day after client has first used the Bonus Payroll Account for auto-payroll services with the Bank
  1. For any deposit balance above HKD1,000,000 in the Hong Kong Dollar Savings Account of the Integrated Deposits Account, interest will be calculated in simple interest and calculated based on the Bank’s prevailing interest rate as at the interest calculation date of HKD Savings Account. Interest will accrue daily on the basis of a 365-day year (a 366-day year in the case of a leap year).
  2. During the 6-month Bonus Payroll Promotional Savings Interest Rate Period, interest in the Bonus Payroll Account will be in simple interest and calculated based on the total deposit balance in the Bonus Payroll Account. Interest accrues daily on the basis of a 365-day year (a 366-day year in the case of a leap year).
  3. The part of deposit balance over HK$5,000,000 in the Bonus Payroll Account during the 6-month Bonus Payroll Promotional Savings Interest Rate Period shall apply the Bank’s prevailing interest rate for Hong Kong Dollar Savings Account as at the interest calculation date.
  4. The 6-month Bonus Payroll Promotional Savings Interest Rate Offer is not applicable to payroll deposit through any types/means of standing instruction, overseas TT, local CHATS, Cheque or Cash.

Terms and Conditions