Become a Priority Banking client to enjoy 100,000 Asia Miles with new funds of HKD1,000,000 and a 6-month Asia Miles Time Deposit set-up.
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Exclusive Offers for New Clients

Important Note: Premium Deposit is a structured product involving derivatives and some Investment Funds would involve derivatives. The investment decision is yours but you should not invest in that investment product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.

Priority Banking Welcome Privileges:

 

Become a Priority Banking client during 19 January to 28 February 2017 (the “Promotion Period”), to enjoy Priority Banking Welcome Privileges with the first 2-quarter maintenance fee waiver. For example, client can enjoy 100,000 Asia Miles by fulfilling new funds requirement of HKD1,000,000 and setting up a 6-month Asia Miles Time Deposit.

 
Priority Banking Welcome Privileges

Priority Banking Welcome Privileges Up to HKD15,000 Cash Rebate

100,000 Asia Miles

View Details

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Asia Miles Time Deposit Rewards


Asia Miles Time Deposit Rewards

Up to 250,000 Asia Miles

View Details

Register Now



 
 
Priority Banking Credit Card Welcome Offer for New Credit Card Clients
Priority Banking Credit Card Welcome Offer for New Cardholders

HKD400 Cash Rebate or other welcome offers

 
Asia Miles per referral
Priority Banking Member-get-member Program

Up to 20,000 Asia Miles per referral

 
Integrated Deposits Account
Integrated Deposits Account Online Welcome Offer

Apply online to enjoy HKD300 cash rebate online welcome offer and free online interbank fund transfer service!

 
FX
Foreign Exchange Trading Service Offer

Up to 188,888 Asia Miles or
up to HKD18,888 Cash Rebate

 
wealth-mortgage
Personal Instalment Loan

Apply online and drawdown to enjoy APR as low as 2.6% and Online Exclusive Offer up to 5,000 Asia Miles

 
wealth-personal-loan
Salary BonusPack Privileges

Up to 15,000 Asia Miles

 
 

 
 

Terms and Conditions

You need to read this document.

It sets out specific terms and conditions on which we agree to provide you with any of the products and services under the Priority Banking Promotion. You must read it in conjunction with our Client Terms, and the applicable documents referred to in Part A of Client Terms (including the Current/Cheque/Savings Account and Time Deposit Account Terms, product brochure, Important Notes and promotional terms (if applicable)) and any other documents forming our banking agreement. The banking agreement is available to you at any of our branches or our website at www.sc.com/hk. If there is any inconsistency between the approval (if any) and any other part(s) of our banking agreement, then the terms in the approval prevails. These terms do not apply to any existing product(s) and service(s) you have with us to the extent that they are subject to separate terms and conditions.

Terms and Conditions

  1. General Terms and Conditions
    1. The promotion period for the offers under Sections II – V is from 19 January to 28 February 2017, both dates inclusive (the “Promotion Period”). The promotion comprises of the offers provided under Sections II –V (each an “Offer”, collectively “Offers”).
    2. For joint account(s), only the primary account holder will be eligible to enjoy the Offer(s).
    3. If the client is entitled to the following Offers in conjunction with other promotional offers during the Promotion Period, Standard Chartered Bank (Hong Kong) Limited (the “Bank”) reserves the right to grant the client one of or part of the entitled Offers.
    4. Unless otherwise specified, the Offers under Sections II – V are applicable only to client who has not been a Priority Banking client in the preceding 12 months from the date of Priority Banking sign-up.
    5. Eligible client’s subscription for Priority Banking and such banking products and services as mentioned under an Offer must remain valid at the time when the corresponding Offer is rewarded or delivered to the client. Otherwise, the reward will be forfeited absolutely and will not be provided to the client through any other means.
    6. If after the rewarding or delivery of Offer(s), a client terminates Priority Banking within 12 months from the date of sign-up, the Bank reserves the right to charge an amount equivalent to the value of the Offer(s) as administration fee and debit the same amount from any of the client’s account with the Bank without prior notice. Not applicable to Section VI.
    7. The Bank reserves the right to determine the calculation methods applied under the Offers (including in ascertaining the amount of any applicable balance requirement) and verify the client’s transaction records in considering the client’s eligibility for the Offers. In case of any disputes, the Bank’s decision shall be final and binding.
    8. If the relevant account balance (or premium under any life assurance basic plans) is denominated in foreign currency, for the purpose of calculating any entitlement under the Offer(s), the Bank’s exchange rate (or exchange rate determined by Prudential Hong Kong Limited (a member of Prudential plc group) (“Prudential”) for insurance premium) quoted at its discretion from time to time will be adopted for converting the relevant account balance (or insurance premium) from the foreign currency to HKD equivalent, which will then be used to calculate the Offer entitlement.
    9. Each of the banking products or services set out in the terms and conditions is subject to the relevant eligibility, application process and product terms and conditions. For further details, please refer to branch staff for assistance.
    10. Terms and Conditions of Asia MilesTM apply for redemption and/or use of Asia Miles. For details, please visit www.asiamiles.com. The Bank is not obliged to notify you of any changes or latest announcements of Asia Miles Limited. Clients understand and accept that the Bank is not supplier of the redeemed items (including Asia Miles). The Bank shall bear no liability relating to any aspect of the Asia Miles and/or redeemed items, including without limitation, their quality, the supply, the descriptions of the reward provided by the supplier, any false trade description, misrepresentation, mis-statement, omission, unauthorized representation, unfair trade practices or conduct in connection with the Asia Miles and/or redeemed items provided by the supplier, its employees, officers or agents.
    11. The Bank also reserves the right to terminate any of the Offer(s) and to vary or modify any of the terms and conditions herein from time to time. In case of any disputes, the Bank’s decision shall be final and binding.
    12. If there is any inconsistency or conflict between the English and the Chinese versions, the English version shall prevail.
  2. Terms and Conditions for First 2-quarter Maintenance Fee Waiver Offer (the “Fee Waiver Offer”)
    1. To enjoy the Fee Waiver Offer, client must sign up for Priority Banking during the Promotion Period and fulfil all the requirements below (“Eligible Client”):
      1. Take up or hold HKD Savings Account, HKD Current Account (or any Foreign Currency Savings Account), Priority Banking Credit Card, Standard Chartered ATM Card, and Online Banking (or Phone Banking services) upon Priority Banking sign-up; and complete the registration of Online Banking or use the Phone Banking services at least once within 2 weeks from the date of Priority Banking sign-up;
      2. CompleteCustomer Investment Profile” questionnaire within 2 weeks from the date of Priority Banking sign-up;
      3. Meet the entry Relationship Balance (see Important Notes for Priority Banking below) requirement of HKD1,000,000 or above within 2 weeks from the date of signing up for Priority Banking;
      4. The Priority Banking Relationship Balance of HKD1,000,000 be maintained until at least the corresponding designated date (“Designated Date”) depending on the sign up date as set out below:
        Priority Banking sign up date (both dates inclusive) Designated Date (Inclusive)
        19 January – 31 January 2017 30 April 2017
        1 February – 28 February 2017 31 May 2017
    2. Eligible Client is entitled to the first 2 quarters maintenance fee waiver for Priority Banking maintenance fee (as opposed to one quarter fee waiver under the Bank’s service charge structure of Priority Banking with minimum Relationship Balance requirement fulfilled). After the expiration of the first 2 quarters maintenance fee waiver, if the average daily Relationship Balance of the client within the quarter falls below HKD1,000,000, a maintenance fee of HKD900 will be charged for the quarter. For details, please refer to the Service Charges booklet and Banking terms & conditions which can be obtained at any of our branches or at our website sc.com/hk. The Bank reserves the right to, upon prior notification to the client, provide another banking plan (other than Priority Banking) with a different minimum Relationship Balance requirement that would better suit the banking needs of the client
    3. Client will be entitled to the Fee Waiver Offer only once during the Promotion Period.
  3. Terms and Conditions for New Funds Growth Offer
    1. Subject to the conditions below, New Funds Growth Offer will be made available to Eligible Client as per table shown below according to the New Funds Amount (as defined in Clause 2 below) the Eligible Client may procure during the Promotion Period as compared to the Eligible Client’s Total Balance at the Bank (as defined in Clause 1(iii) below).
      New Funds Amount (in HKD or HKD equivalent)
      (as defined in Clause 2 below)
      Asia Miles
      5,000,000 or above 60,000
      3,000,000 to 4,999,999 40,000
      1,000,000 to 2,999,999 25,000
      1. Fulfil the entry Relationship Balance requirement of HKD1,000,000 or above within 2 weeks from the date of signing up for the Priority Banking; and
      2. Complete “Customer Investment Profile” questionnaire within 2 weeks from the date of signing up for Priority Banking; and
      3. Deposit New Funds to the Bank within 2 weeks upon Priority Banking sign-up (or any date informed by the Bank) to grow the Eligible Client’s Total Balance at the Bank. Total Balance includes the aggregate balance of deposits, investments and accumulated premiums of selected insurance under personal account as primary account holder (“Total Balance”); and
      4. The new Total Balance be maintained at or above the New Funds Amount until at least the corresponding Designated Date as listed in Clause 1(iv) of Section II (or any date informed by the Bank) depending on the Priority Banking sign-up date.
    2. For the purposes of this Offer, “New Funds Amount” means the amount of credit balance in New Funds deposited by Eligible Client in excess of his/her Total Balance at the Bank as of 30 November 2016. New Funds refer to monies deposited by cash, cheque/cashier’s order, inward CHATs, telegraphic transfer from other banks excluding renewal or rollover of existing time deposits, transfer of funds from any account within the Bank or any currency converted from Premium Deposit upon maturity (“New Funds”). For client who did not hold any account with the Bank as of 30 November 2016, his/her Total Balance will be treated as zero. To check Total Balance as of 30 November 2016, please contact our branch staff.
    3. Eligible Client who signs up for Priority Banking during the Promotion Period and fulfilled all the requirements under Clause 1 of Section II but with New Funds Amount less than HKD1,000,000 will be entitled to 3,000 Asia Miles.
    4. Eligible Client must have an existing Asia Miles membership account otherwise has to set up an Asia Miles membership account for the entitlement of the Asia Miles. Eligible Client must have successfully registered online within 2 weeks from the date of Priority Banking sign-up with valid Asia Miles membership in the name of the Eligible Client at the Bank’s website at sc.com/hk/AM to enjoy the relevant Asia Miles. Successful registration cannot be cancelled. The Bank will forward the relevant information, including valid Asia Miles membership information including family name, given name, membership number of the Eligible Client, as well as the entitled number of Asia Miles, if any, to Asia Miles Limited and Asia Miles will be credited into relevant account by Asia Miles Limited as per table shown below. In case of information submitted is incorrect or insufficient as considered by the Bank or Asia Miles Limited or if any of the criteria relating to this Offer has not been met, the Bank reserves the right to cancel or forfeit absolutely the entitlement under this Offer. For avoidance of doubt, Terms and Conditions of Asia Miles shall apply for mileage redemptions. For details, please visit www.asiamiles.com.
      Priority Banking sign up date (both dates inclusive) Period of Asia Miles crediting into relevant account by Asia Miles Limited
      19 January – 31 January 2017 Within 4 to 6 weeks after 30 September 2017
      1 February – 28 February 2017 Within 4 to 6 weeks after 30 September 2017
    5. As an alternative to the Asia Miles offer above, Cash Rebate will be made available to Eligible Client as shown below according to this Offer’s requirement that the Eligible Client has fulfilled.
      New Funds Amount (in HKD or HKD equivalent)(as defined in Clause 2 above) Cash Rebate(HKD)
      5,000,000 or above 6,000
      3,000,000 to 4,999,999 4,000
      1,000,000 to 2,999,999 2,500
    6. Eligible Client who signs up for Priority Banking and selects Cash Rebate as New Funds Growth Offer during the Promotion Period and fulfilled all the requirements under Clause 1 of Section II but with New Funds Amount less than HKD1,000,000 will be entitled to HKD300 Cash Rebate.
    7. The Bank will credit the cash rebate to respective HKD deposit account (exclude MortgageOne® Account and Mortgage $aver Current Account) held by the eligible client in sole name or in the capacity as primary account holder for joint account by the date as specified below in the following sequence:
      1. Sub-account under Integrated Deposits Account;
      2. Current Account;
      3. Statement Savings;
      4. Passbook Savings
        If client has no valid HKD deposit account, the Bank will credit to eligible client’s USD deposit account as above sequence. If client has more than one account under same account type, the Bank will select any one of the accounts with the latest account opening date for the crediting at its discretion. Notification will be made to the eligible client upon crediting of cash rebate.
        Priority Banking sign up date (both dates inclusive) Period of Cash Rebate
        19 January – 31 January 2017 On or before 30 September 2017
        1 February – 28 February 2017 On or before 30 September 2017
    8. Client will be entitled to the offer only once during the Promotion Period.
  4. Terms and Conditions for Designated Product Balance Reward (the “Reward”)
    1. In addition to Clause 4 of Section I, the Reward is only applicable to Eligible Client who did NOT hold any product or service with or distributed by the Bank (including but not limited to deposit account, investment services and insurance products underwritten by third party insurer) in the past 12 months from the date of Priority Banking sign-up except Standard Chartered credit cards (“New Client”) subject to the conditions below.
    2. The Reward will be available to New Client who sign up for Priority Banking during Promotion Period and fulfil all the following requirements:
      1. Complete “Customer Investment Profile” questionnaire within 2 weeks from the date of Priority Banking sign-up; and
      2. Deposit to the Bank with New Funds of no less than HKD1,000,000 within 2 weeks from the date of Priority Banking sign-up to grow the client’s Total Balance at the Bank, and maintain a Total Balance of no less than HKD1,000,000 until the relevant Designated Date as listed in Clause 1(iv) of Section II above; and
      3. Procure any one or more of the following services at the Bank (under personal account in sole name or in the capacity as primary account holder) with an aggregate amount of the Designated Product Balance Requirement (as illustrated below):
        Product Category Balance to be Calculated under the Reward
        Foreign Currency Deposits (any currency except HKD and USD) Deposit New Funds to the Foreign Currency deposit account(s) (any currencies except HKD and USD) within 4 weeks from the date of Priority Banking sign-up and hold the balance of relevant account(s) until at least the corresponding Designated Date.
        Investment Fund Services • Total amount of Investment Funds subscribed minus the total amount of Investment Funds redeemed from Priority Banking sign-up date until Designated Date.
        • Total amount of both class A (with minimum subscription fee charged at 2%) and class B subscriptions of lump sum orders, as well as the subscription amount of Monthly Investment Plan will be counted but excludes switching and transfer-in amount from other banks.
        Premium Deposit • Daily total Premium Deposit balance from the first Premium Deposit transaction until the corresponding Designated Date (“Transaction Period”) divided by the number of calendar days of the Transaction Period.
        • By way of example (for illustration only): Client completes the first Premium Deposit transaction with an amount of HKD2,000,000 and tenure of 28 days upon signing up for Priority Banking on 16 January 2017 and without any other Premium Deposit transactions made during Transaction Period. Corresponding balance to be calculated under the Reward will be HKD533,333.33 (=(HKD2,000,000 x 28 days + HKD0 x 77 days) ÷ 105 calendar days (counted from the first Premium Deposit transaction date of 16 January 2017 until Designated Date of 30 April 2017)).
        • Please note that the above example is for illustration of the entitlement under the Reward only and does not reflect the actual costs incurred from the Premium Deposit transaction and must not be relied on as a reference for calculation of return for any Premium Deposit transaction or an indication of the actual return from the Premium Deposit transaction. In case of any disputes, the Bank’s decision shall be final and binding.
        Bonds • Total amount of Bonds subscribed minus the total amount of Bonds redeemed from Priority Banking sign-up date until Designated Date.
        • Applicable to Bonds purchase transaction in secondary market only.
        Insurance • Aggregate premium paid on or before the Designated Date of life assurance basic plan(s) (except for investment-linked insurance plan(s)) underwritten by Prudential that are successfully applied on or after Priority Banking sign-up date.
        • Life assurance basic plans must meet all the requirements as listed in Clause 3 below.
    3. For the purpose of the Reward, life assurance basic plans must meet the following requirements:
      1. They are life assurance basic plans (excluding investment-linked insurance plans) underwritten by Prudential and applied through the Bank between Priority Banking sign-up date and the Designated Date; and
      2. Sold by Prudential’s Executive Financial Services Managers located at the Bank’s branches or by the Bank’s sales staff; and
      3. Relevant policy(ies) must be approved and issued by Prudential before the Designated Date and full initial premium must be paid to Prudential on or before the Designated Date. If client cancels the policy(ies) within the cooling-off period, the respective balance will not be counted towards eligible product balance; and
      4. Remain in force (as determined by Prudential at its sole discretion) when the relevant Reward is delivered to the client; otherwise, the Bank has the absolute right to forfeit any reward offered in respect of such policy(ies) or relevant plan(s). The amount of the Reward is set out in Clause 4 below; in respect of insurance products, the balance to be calculated under the Reward shall mean the aggregate of the relevant premium of the life assurance basic plan(s) paid on or before the Designated Date.
    4. Subject to the conditions above, the Reward will be made available to client as per table shown below according to the Designated Product Balance requirement that the New Client fulfilled (with calculation methodology more particularly specified in Clause 2 of Section IV above):
      Designated Product Balance Requirement (in HKD or HKD equivalent) Asia Miles
      10,000,000 or above 100,000
      5,000,000 to 9,999,999 50,000
      1,000,000 to 4,999,999 15,000
      500,000 to 999,999 5,000
    5. New Client must have an existing Asia Miles membership account otherwise has to set up an Asia Miles membership account for the entitlement of the Asia Miles. New Client must have successfully registered online within 2 weeks from the date of Priority Banking sign-up with valid Asia Miles membership in the name of the New Client at the Bank’s website at sc.com/hk/AM to enjoy the relevant Asia Miles. Successful registration cannot be cancelled. The Bank will forward the relevant information, including valid Asia Miles membership information including family name, given name, membership number of the New Client, as well as the entitled number of Asia Miles, if any, to Asia Miles Limited and Asia Miles will be credited into relevant account by Asia Miles Limited as per table shown below. In case of information submitted is incorrect or insufficient as considered by the Bank or Asia Miles Limited or if any of the criteria relating to this Reward has not been met, the Bank reserves the right to cancel or forfeit absolutely the entitlement under this Reward. For avoidance of doubt, Terms and Conditions of Asia Miles shall apply for mileage redemptions. For details, please visit www.asiamiles.com.
      Priority Banking sign up date (both dates inclusive) Period of Asia Miles crediting into relevant account by Asia Miles Limited
      19 January – 31 January 2017 Within 4 to 6 weeks after 30 September 2017
      1 February – 28 February 2017 Within 4 to 6 weeks after 30 September 2017
    6. As an alternative to the Asia Miles offer above, Cash Rebate will be made available to New Client as shown below according to this Reward’s requirement that the New Client has fulfilled.
      Designated Product Balance Requirement (in HKD or HKD equivalent) Cash Rebate (HKD)
      10,000,000 or above 10,000
      5,000,000 to 9,999,999 5,000
      1,000,000 to 4,999,999 1,500
      500,000 to 999,999 500
    7. The Bank will credit the cash rebate to respective HKD deposit account (exclude MortgageOne® Account and Mortgage $aver Current Account) held by the eligible client in sole name or in the capacity as primary account holder for joint account by the date as specified below in the following sequence:
      1. Sub-account under Integrated Deposits Account;
      2. Current Account;
      3. Statement Savings;
      4. Passbook Savings

      If client has no valid HKD deposit account, the Bank will credit to eligible client’s USD deposit account as above sequence. If client has more than one account under same account type, the Bank will select any one of the accounts with the latest account opening date for the crediting at its discretion. Notification will be made to the eligible client upon crediting of cash rebate.
      Priority Banking sign up date (both dates inclusive) Period of Cash Rebate
      19 January – 31 January 2017 On or before 30 September 2017
      1 February – 28 February 2017 On or before 30 September 2017
    8. Client will be entitled to the Reward only once during the Promotion Period.
  5. Terms and Conditions for Asia Miles Time Deposit Rewards
    1. Asia Miles Time Deposit Rewards are available between the Promotion Period as stated in Table 1 of Clause 4, both dates inclusive (the “ Promotion Period”).
    2. Asia Miles Time Deposit Rewards are applicable to the following clients (“ Selected Clients”): clients who did NOT hold any product or service with or distributed by the Bank (including but not limited to deposit account, investment services and insurance products underwritten by third party insurer) in the past 12 months from the date of sign-up of Priority Banking except Standard Charted credit cards (“ Priority Banking New Clients”). Standard Chartered credit cards refer to Standard Chartered Credit Card, Standard Chartered WorldMiles Card and Standard Chartered co-branded credit card (including supplementary cards and corporate cards) issued by the Bank.
    3. To be eligible for the Asia Miles Time Deposit Rewards, Selected Clients must set up Time Deposit Account(s) with the Bank at 0.01% p.a. interest rate in sole name within the Promotion Period.
    4. The Time Deposits amount will be used to determine the number of Asia Miles enjoyed by the Selected Clients as set out in Table 1 below.
      Table 1:
      Promotion Period 19 January 2017 – 28 February 2017
      Selected Clients (as stated in Clause 2) Priority Banking New Clients
      Fund Types (as stated in Clause 5) New Funds
      Number of Time Deposit Account set-up Once only
      Time Deposit Principal Amount Fixed at HKD1,000,000
      Time Deposit Term 4 months OR 6 months
      Amount of Asia Miles Rewards 35,000 Asia Miles 75,000 Asia Miles
      Fulfillment Date 30 June 2017
    5. Fund Types in Table 1 of Clause 4 are defined as below:
      1. New Funds” refer to monies newly deposited into the Bank within 3 days before Time Deposit account opening date via cash, cheque, cashier’s order, inward CHATs or Telegraphic Transfer from other banks. It excludes the renewal or rollover of existing time deposits, transfer of funds from any account within the Bank or any currency converted from Premium Deposits upon maturity.
    6. Selected Clients must have an existing Asia Miles membership account otherwise has to set up an Asia Miles membership account for the entitlement of Asia Miles Time Deposit Rewards. Selected Clients must have successfully submitted Asia Miles Rewards Registration Form within 2 weeks from the date of the Time Deposit Account set-up with valid Time Deposit Account and Asia Miles membership information in the name of the Selected Clients at the Bank’s website at sc.com/hk/AM to enjoy the relevant Asia Miles Time Deposit Rewards. Successful registration cannot be cancelled. The Bank will forward the relevant information, including valid Asia Miles membership information including family name, given name, membership number of the Selected Clients, as well as the entitled miles, if any, to Asia Miles Limited for fulfillment purpose.
    7. After the Selected Clients fulfilled the requirements in Clauses 2 to 6, Asia Miles rewards will be credited into relevant account on or before the Fulfilment Date (as stated in Table 1 of Clause 4). Selected Clients are responsible for the accuracy of the information submitted in online registration form. For clients with multiple online registration submissions, only the latest registration record will be used by the Bank for fulfilment purpose.
    8. In case of failure in the crediting of the Asia Miles to the client’s Asia Miles membership account on or before the Fulfilment Date for any reason beyond the Bank’s control (i.e. including but not limited to the information submitted is incorrect or insufficient as considered by the Bank or Asia Miles Limited or if any of the criteria relating to Asia Miles Time Deposit Rewards has not been met), the Bank reserves the right to cancel or forfeit absolutely the entitlement of Asia Miles and the un-credited Asia Miles will be converted into a ratio of 2 Asia Miles for HKD0.1 as a “Cash Rebate” to the Selected Clients. Such amount of Cash Rebate will be credited into the designated deposit account of the time deposit account of the Selected Clients within 4 weeks after the Fulfilment Date.
    9. Client acknowledges that the Asia Miles earned shall be credited to his/her Asia Miles membership account by Asia Miles Limited. The Bank will use its best endeavour to provide the necessary information to Asia Miles Limited to facilitate this purpose, however the Bank makes no warranty that the Asia Miles earned will be accurately credited to the Asia Miles membership account by Asia Miles Limited and accepts no liability for failure or delay in the crediting of Asia Miles to the client’s Asia Miles membership account for any reason beyond the Bank’s control. The Bank accepts no liability relating to the Asia Miles, including but not limited to the expiry date, usage and redemption. For enquiries relating to crediting of the Asia Miles and the relevant terms and conditions, please contact Asia Miles Limited and/or refer to Asia Miles Limited website at www.asiamiles.com.
    10. The Bank reserves the right to make any adjustment to the Asia Miles Time Deposit Rewards from time to time at its sole absolute discretion. The Bank reserves the right to approve or reject the set up of any time deposit at its own discretion and to alter or terminate the offer and the relevant terms and conditions at anytime. Should there be any disputes; the Bank’s decision is final and conclusive.
    11. Early uplift of Time Deposit is subject to the Bank’s discretion and penalty. In such case, the Asia Miles rewards will be revoked or forfeited by the Bank without notification and the penalty amount will be calculated based on the following formula:

      Time Deposit Principal x (Best Lending Rate^ - Time Deposit Interest Rate) x Number of Days Due to Maturity / Total Number of Days in a Year
      Note: In some circumstances, the Bank may allow an early withdrawal. The Bank may not pay all the interest accrued if the clients make an early withdrawal may result in the clients getting less than the principal amount of deposit. In case of early uplift of Time Deposit, the Bank will forfeit the relevant offers absolutely without notification and will not compensate the client by any other means.
      ^ The Best Lending Rate will be determined by the Bank fromtime to time.
    12. Relevant terms and conditions specified in Current/Cheque/Savings Account and Time Deposit Account Terms and Deposit Confirmation apply to Asia Miles Time Deposit Rewards.
  6. Terms and Conditions for Priority Banking 360° Rewards
    1. Please refer to the relevant promotion leaflet or contact our branch staff for details.
  7. Terms and Conditions for Priority Banking Credit Card Welcome Offer

    1. For Welcome Offers of Priority Banking Credit Card, please refer to the "Important Information and Terms and Conditions for Application of Standard Chartered Credit Card" for details or contact our branch staff.

    Terms and Conditions for Integrated Deposits Account Cash Rebate Online Welcome Offer (the “Cash Rebate Offer”)

    1. The promotion period for the Online Welcome Offer is from 1 January 2017 to 31 March 2017, both dates inclusive (the "Promotion Period").
    2. Clients who fulfill ALL of (i) – (vi) below within the Promotion Period maybe eligible for the Cash Rebate Offer ("Eligible Client"):
      1. Submit an Online Application Form for Integrated Deposits Account ("Online Application");
      2. Successfully open an Integrated Deposits Account ("IDA") at branch after Online Application submission;
      3. Successfully register as Standard Chartered Online Banking client;
      4. Successfully sign up for any Banking Plan (Priority Banking, Premium programme or Easy Banking);
      5. Do not hold any Standard Chartered Bank (Hong Kong) Limited (the "Bank") deposit account, including Savings Account(s), Current Account(s), Integrated Deposits Account(s) and Time Deposit Account(s), with the Bank in the past 12 months from the date of Online Application submission ("New Client"); and
      6. Hold a valid Hong Kong Permanent Identity Card
    3. The relevant amount of cash rebate entitled to Eligible Client will be determined by the corresponding Banking Plan signed up according to the following table during the Promotion Period. Subscription for corresponding Banking Plan must remain valid at the time when the cash rebate is credited to the client. Otherwise, the relevant offer will be forfeited absolutely. Separate terms and conditions apply to Banking Plan. For details, please refer to relevant terms and conditions or contact any of the Bank’s staff at branches.
      Banking Plan signed up during Promotion Period Cash Rebate Entitled
      Priority Banking HKD300
      Premium programme HKD200
      Easy Banking HKD100
    4. Eligible Client is entitled to the Cash Rebate Offer once only during the Promotion Period.
    5. The relevant amount of cash rebate will be credited into the HKD deposit account (exclude MortgageOne® Account and Mortgage $aver Current Account) under Eligible Client’s personal name as primary account holder with the Bank at the sole discretion of the Bank on or before 31 May 2017 in the following sequence:
      1. Sub-account under IDA;
      2. Current Account;
      3. Statement Savings Account;
      4. Passbook Savings Account
      If client does not have a valid HKD deposit account, the Bank will credit to Eligible Clients’ USD deposit account as above sequence (For joint name account, only if the Eligible Client is the Primary Account Holder can be entitled to the offer).
    6. If Eligible Client does not have a valid IDA / HKD or USD Savings Account / HKD or USD Current Account on the date when the cash rebate is credited, the relevant offer shall be forfeited absolutely and shall not be paid to the Eligible Client through any other means.
    7. In the event that Eligible Client is also entitled to other prevailing promotional offer(s) or deposit privilege(s), the Bank reserves the right to provide only one or some of the offer(s) and/or privilege(s) at its absolute discretion. For avoidance of doubt, client who is eligible for IDA Asia MilesTM Reward Online Welcome Offer will not be eligible for other deposit account Online Welcome Offers, including but not limited to IDA Cash Rebate Online Welcome Offer.
    8. The Bank reserves the right to vary, modify and terminate the above offer and to amend any of these terms and conditions at any time without any notice. In case of disputes, the decision of the Bank shall be final and binding.
    9. If there is any inconsistency or conflict between the English version and its Chinese translation, the English version shall prevail.

Important Notes for Priority Banking:

  • Extract from the Bank’s Service Charges: Priority Banking Client – “Relationship Balance” includes the aggregate balance of deposits, investments, accumulated premiums of selected insurance, utilised amounts of secured/unsecured overdraft facilities, outstanding balances on Standard Chartered credit cards^ and outstanding balances of Standard Chartered Personal Loans you maintain with the Bank under personal accounts. ^ Standard Chartered credit cards refer to Standard Chartered Credit Card, Standard Chartered WorldMiles Card and Standard Chartered co-branded credit card (including supplementary cards and corporate cards) issued by the Bank. Outstanding balances on supplementary cards will contribute to the Relationship Balance of the principal cardholder only.

Important Notes for Credit Card:

  • Cardholder of Priority Banking Credit Card will be entitled to annual fee waiver for Priority Banking Credit Card as long as he/she is maintaining Priority Banking with the Bank. Otherwise, the Bank will charge an annual fee of HKD2,400 on annual basis.
  • All principal cardholders (“Cardholders”) of Standard Chartered Asia Miles MasterCard (“Card”) are entitled to an annual fee waiver on their Cards for the first year from the issuance date of their Cards. The Bank will charge an annual fee of HKD1,800 for the subsequent Card Membership Year and onwards. Cardholders will enjoy an annual fee waiver on their Cards for a year (beginning from the respective anniversary of the issuance date of their Cards) if the aggregate eligible transactions made by the principal and any supplementary card(s) of the same Card account in the preceding year reach HKD150,000.
  • The Annualised Percentage Rates (“APR”) for Priority Banking Credit Card are 31.73% (0.082% per day) for retail purchases and 34.67% (0.082% per day) for cash advance when credit card account is opened and it will be reviewed from time to time. The APR for Standard Chartered Asia Miles MasterCard are 33.41% (0.086% per day) for retail purchases and 36.54% (0.086% per day) for cash advance when credit card account is opened and it will be reviewed from time to time. An APR is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualised rate, APR is calculated based on the guidelines as set out in the Code of Banking Practice and is for reference only, inclusive of Cash Advance Fee (if applicable). For details of credit card services fee and charges, it is available on our website at sc.com/hk.

Important Notes for Insurance:

  • The life assurance plans are life insurance products and are not bank deposit. They are underwritten by Prudential Hong Kong Limited (a member of Prudential plc group) (“ Prudential”). Some of these plans may have a savings element and are not an alternative to ordinary savings or time deposits. Part of the premium pays for the insurance and related costs.
  • If you are not happy with your policy, you have a right to cancel it within the cooling-off period and obtain a refund of any premiums paid, less any withdrawals (if applicable), provided that no claim has been made under the policy. A written notice signed by you should be received directly by Prudential at 8/F., Prudential Tower, The Gateway Harbour City, 21 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong within the cooling-off period (that is, within 21 days after the delivery of the policy or issue of a notice (informing you or your representative about the availability of the policy and expiry date of the cooling-off period), whichever is the earlier). After the expiration of the cooling-off period, if you cancel the policy before the end of the term, the projected total cash value (if applicable) may be less than the total premium you have paid. You should check with Prudential if you have any doubt regarding your cooling-off right.
  • The Bank is an insurance agent of Prudential.
  • As the issuer of the life assurance plans, Prudential will be responsible for all protection and claims issues. Prudential is not an associate or subsidiary company of the Bank. This leaflet is not a contract of insurance and is intended to be a general summary for reference purpose only. Please refer to the policy for full terms and conditions. The Bank does not accept any responsibilities regarding any statements provided by Prudential or any discrepancies or omissions in the contract of insurance nor shall the Bank be held liable in any manner whatsoever in relation to your contract of insurance.
  • This leaflet is intended to be distributed in Hong Kong only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Hong Kong. Prudential and the Bank do not offer or sell any insurance product in any jurisdictions outside Hong Kong in which such offering or sale of the insurance product is illegal under the laws of such jurisdictions. This leaflet does not constitute a contract of insurance or an offer, invitations or recommendation to any person to enter into any contract of insurance or any transaction described therein or any similar transaction.
  • Whether to apply for insurance coverage is your own individual decision. For Prudential’s life assurance plan policy provisions, details and risk disclosure, please refer to relevant plan’s product leaflet/offering document and specimen policy.
  • Whether to apply for insurance coverage is your own individual decision. For Prudential’s life assurance plan policy provisions, details and risk disclosure, please refer to relevant plan’s product leaflet/offering document and specimen policy.

Risk Disclosure Statements:

Risk Disclosure Statement for Foreign Exchange:

  • Foreign exchange involves risks. Fluctuation in the exchange rate of a foreign currency may result in gains or significant losses in the event that the client converts deposit from the foreign currency to another currency (including Hong Kong Dollar). Risk Disclosure Statement for Renminbi Deposits and Trading:
  • Renminbi (“RMB”) exchange rate, like any other currency, is affected by a wide range of factors and is subject to fluctuations. Such fluctuations may result in gains and losses in the event that the client subsequently converts RMB to another currency (including Hong Kong dollars); and
  • RMB is currently not freely convertible and conversion of RMB through banks in Hong Kong is subject to restrictions specified by the Bank and regulatory requirements applicable from time to time. The actual conversion arrangement will depend on the restrictions prevailing at the relevant time.

Risk Disclosure Statement for Investment Funds:

  • Investment involves risk. The prices of units/shares of unit trust or mutual funds fluctuate, sometimes dramatically and may become valueless. Investor(s) may not get back the amount they have invested. It is as likely that losses will be incurred rather than profit made as a result of buying and selling unit trusts or mutual funds. Past performance is no guide to its future performance.
  • Investment involves risk. The prices of units/shares of unit trust or mutual funds fluctuate, sometimes dramatically and may become valueless. Investor(s) may not get back the amount they have invested. It is as likely that losses will be incurred rather than profit made as a result of buying and selling unit trusts or mutual funds. Past performance is no guide to its future performance.
  • Investor(s) should ensure they fully understand the risks associated with unit trusts or mutual funds and should also consider their own investment objective and risk tolerance level.

Risk Disclosure Statement for Investment Funds:

  • Investment involves risk. The prices of units/shares of unit trust or mutual funds fluctuate, sometimes dramatically and may become valueless. Investor(s) may not get back the amount they have invested. It is as likely that losses will be incurred rather than profit made as a result of buying and selling unit trusts or mutual funds. Past performance is no guide to its future performance.
  • Investor(s) should read the terms and conditions contained in the relevant offering documents and in particular the investment policies and the risk factors and latest financial results information carefully and are advised to seek independent professional advice before making any investment decision.
  • Investor(s) should ensure they fully understand the risks associated with unit trusts or mutual funds and should also consider their own investment objective and risk tolerance level.

Risk Disclosure Statement for Premium Deposit:

  • Investment involves risk. The worst case will result in loss of your entire investment.
  • Principal Loss Risk/Currency Risk–This product is not principal-protected and the return of which will be dependent on movements in some specified currency exchange rates which are affected by a wide range of factors and may rise or fall rapidly.
  • Liquidity Risk/Early Withdrawal Risk/Cancellation Risk– Any cancellation or withdrawal prior to maturity is subject to the consent of the Bank. With these risks, investors may incur significant costs or losses.
  • Risks relating to Renminbi – You should note that the value of Renminbi against other foreign currencies fluctuates and will be affected by, amongst other things, the PRC government’s control (for example, the PRC government regulates conversion between Renminbi and foreign currencies), which may adversely affect your return under this product when you convert Renminbi into your home currency. Renminbi is not a freely convertible currency. Any conversion of Renminbi through banks in Hong Kong may be subject to certain restrictions prevailing at the relevant time.

Not Protected under Deposit Protection Scheme:

  • Premium Deposit is NOT an alternative to ordinary saving or time deposit, and is NOT a protected deposit and NOT being protected under the Deposit Protection Scheme in Hong Kong.

Risk Disclosure Statement for Bonds:

  • The price of bonds can and does fluctuate and the price of any individual bonds may experience upward or downward movements and may even become valueless. There is an inherent risk that losses may be incurred rather than profits made as a result of trading bonds. Independent assessment of the risk and appropriateness of the transaction in light of your own objectives and circumstances, including the possible risks and benefits of entering into such transaction, should be considered before entering into any transaction.

Risk Disclosure Statement for RMB Investment:

  • Risk relating to Renminbi – You should note that the value of Renminbi against other foreign currencies fluctuates and will be affected by, amongst other things, the PRC government’s control (for example, the PRC government regulates conversion between Renminbi and foreign currencies), which may adversely affect your return under this product when you convert Renminbi into your home currency. Renminbi is not a freely convertible currency. Any conversion of Renminbi through banks in Hong Kong may be subject to certain restrictions prevailing at the relevant time.

Risk Disclosure Statement for all Investment Products:

  • Investment involves risks. The price of investment product may experience upward or downward movements sometimes fluctuate. The worst case will result in loss of your entire investment. This leaflet has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.

Notes:

  • This leaflet does not constitute any offer, invitation or recommendation to any person to enter into any transaction described therein or any similar transaction, nor does it constitute any prediction of likely future price movements.
  • Investor(s) should not make investment decision based on this leaflet alone.

 

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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

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