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

Important Note: Premium Deposit and Equity Linked Investments are 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 1 November to 31 December 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 Miles1 by fulfilling new funds requirement of HKD1,000,000 and setting up a 6-month Time Deposit2.

 

Priority Banking Welcome Privileges

Privilege 1 - New Funds Growth Offer

New Funds Amount
(HKD or HKD equivalent)
Asia Miles Rewards3 OR Cash Rebate
(HKD)
5,000,000 or above 560pximage60,000 6,000
3,000,000 to 4,999,999 560pximage40,000 4,000
1,000,000 to 2,999,999 560pximage25,000 2,500

Privilege 2 - Wealth Management Product Reward4,5,6
What’s more, new client can enjoy extra 2X rewards of Priority Banking New Funds Growth Offer when taking up any one or more of the following designated wealth management products with total balance or accumulated transaction amount of HKD500,000 or above and meeting the specified requirements during the Promotion Period.

Designated Wealth Management Product Multiplied Reward of Priority Banking New Funds Growth Offer
  • Bonds
  • Equity Linked Investments
  • Foreign Currency Deposits (any currency except HKD and USD)
  • Investment Fund Services
  • Life Insurance
  • Premium Deposit
2X

Privilege 3 – Asia Miles Time Deposit Rewards4

New Funds for Time Deposit7 6-month Time Deposit
HKD1,000,000
OR
USD equivalent of HKD1,000,000
560pximage75,0003

Illustrative Example

For example, new client has fulfilled new funds requirement of HKD1,000,000 and the requirement of taking up designated wealth management
product(s) and setting up a 6-month Time Deposit during the Promotion Period. The total reward of Asia Miles will be calculated as follows:

New Funds Growth Offer X Designated Wealth Management Reward + Asia Miles Time Deposit Reward = Total Reward of Asia Miles
560pximage25,000 2X 560pximage75,000 560pximage125,000

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*The mileage rewards are subject to change from time to time.

 

Remarks:

  1. This is an illustrative example. Client can enjoy 100,000 Asia Miles by fulfilling new funds requirement of HKD1,000,000 and setting up a 6-month Time Deposit. Terms and conditions apply.
  2. Time Deposit refers to Asia Miles Time Deposit Rewards.
  3. For any Asia Miles rewards, eligible clients must submit Asia MilesTM membership information via designated webpage of Standard Chartered Bank (Hong Kong) Limited (the “Bank”) within the period from 1 November 2017 to 31 January 2018, both dates inclusive. Relevant Asia Miles will be credited directly to the eligible client’s Asia Miles membership account.
  4. ONLY applicable to New Client NOT holding any banking products or services with or distributed by the Bank (including but not limited to deposit account, investment service and insurance products underwritten by third party insurer) in past 12 months from the date of Priority Banking sign-up except Standard Chartered Credit Cards.
  5. Designated Wealth Management Products include Bonds, Equity Linked Investments, Foreign Currency Deposits (including all currencies except HKD and USD), Life Assurance Basic Plans underwritten by Prudential Hong Kong Limited (a member of Prudential plc group) and distributed by the Bank, Investment Fund Services and Premium Deposit held by clients in sole name or in the capacity as primary account holder.
  6. Wealth Management Product Reward will be rewarded in form of Asia Miles or Cash Rebate.
  7. Eligible clients must successfully set up HKD or USD Time Deposits at 0.01% p.a. interest rate in sole name with new funds. New funds for Asia Miles Time Deposit Rewards refer to monies newly deposited into the Bank within 3 days before Time Deposit account opening date via cash, cheque, cashier’s order, Local Bank Transfer Payment through Real Time Gross Settlement (RTGS, also known as Clearing House Automated Transfer System (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.

To borrow or not to borrow? Borrow only if you can repay!

 
 
Priority Banking Credit Card Welcome Offer for New Credit Card Clients
Mortgage Asia Miles Reward

Earn 400,000 Asia Miles with a drawdown of HKD4,000,000 mortgage loan*

*Interest rate as low as the Bank’s Hong Kong Dollar Prime Rate minus 3.0%p.a. or 1-month Hong Kong Interbank Offered Rate plus 1.4%p.a. Rate quoted is an indicative information only.

 
Priority Banking Credit Card Welcome Offer for New Credit Card Clients
Asia Miles Time Deposit Rewards

Up to 160,000 Asia Miles

 
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 2.20% and Online Exclusive Offer up to 5,000 Asia Miles

 
wealth-personal-loan
Salary BonusPack Privileges

Up to 15,000 Asia Miles

 
 

 
 

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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 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 1 November to 31 December 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 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 signs up for Priority Banking during the Promotion Period and has not been a Priority Banking client in the preceding 12 months from the date of sign-up for Priority Banking (“Eligible Client”).
    5. The Offers under Sections IV – V are 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”), and is subject to the conditions specified in Sections IV and V respectively. 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.
    6. 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 Eligible Client. Otherwise, the reward will be forfeited absolutely and will not be provided to the Eligible Client through any other means.
    7. If after the rewarding or delivery of Offer(s) under Sections II to V, the Eligible 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 Eligible Client’s account with the Bank without prior notice.
    8. 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 Eligible Client’s transaction records in considering the Eligible Client’s eligibility for the Offers. In case of any disputes, the Bank’s decision shall be final and binding.
    9. 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 relevant Offer(s) entitlement.
    10. Each of the banking products or services set out in these 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.
    11. Eligible Client who will participate in the Offer(s) under Section III or Sections III and IV below (“Section III/IV Eligible Client”) may choose to have either Asia Miles or cash rebate as the reward in the Bank’s designated webpage (“Designated Webpage”). If Section III/IV Eligible Client chooses Asia Miles as the reward preference in the Designated Webpage, the reward for the Offer(s) under Section III or both Sections III and IV (as the case may be) will be available to Section III/IV Eligible Client in the form of Asia Miles upon fulfillment of all the relevant requirements in these Terms and Conditions. If Section III/IV Eligible Client chooses cash rebate as the reward preference in the Designated Webpage or does not submit the rewards registration to the Bank within the Registration Period (as defined in Clause 12 of this Section I below) or any information submitted via the Designated Webpage is incorrect or insufficient (as stated in Clause 12 of Section I below), the reward for the Offer(s) under Section III or both Sections III and IV (as the case may be) will be available to Section III/IV Eligible Client in the form of cash rebate upon fulfillment of all the relevant requirements in these Terms and Conditions. The number of Asia Miles or cash rebate that Section III/IV Eligible Client may be entitled to is specified in Sections III and IV respectively.
    12. If Section III/IV Eligible Client chooses Asia Miles as the reward for Offer(s) under Section III or Sections III and IV, Section III/IV Eligible Client must have an existing Asia Miles membership account or otherwise has to set up an Asia Miles membership account through Asia Miles Limited, and must have successfully registered in the Designated Webpage with a valid Asia Miles membership account in the name of Section III/IV Eligible Client and other details as required (the “Asia Miles Reward Registration”) within the period from 1 November 2017 to 31 January 2018, both dates inclusive (“Registration Period”) (or such period as informed by the Bank) . For the avoidance of doubt, valid Asia Miles membership account must be held by Section III/IV Eligible Client and the Bank does not accept any Asia Miles membership accounts that are not held by Section III/IV Eligible Client for miles crediting. Successful registration cannot be cancelled or modified. For Section III/IV Eligible Client who has submitted multiple rewards registration, only the latest Asia Miles Reward Registration record made within Registration Period will be taken by the Bank for miles crediting purpose. The Bank will forward the relevant information, including family name, given name, membership number of the Section III/IV Eligible Client, and the entitled number of Asia Miles, if any, to Asia Miles Limited and Asia Miles will be credited into the relevant Asia Miles membership account of the Section III/IV Eligible Client during the period as set out in the table shown below.
      Priority Banking sign up date (both dates inclusive) Period of Asia Miles crediting into the relevant Asia Miles membership account by Asia Miles Limited
      1 November – 30 November 2017 Within 4 to 6 weeks after 30 June 2018
      1 December – 31 December 2017 Within 4 to 6 weeks after 30 June 2018
      In case of information submitted is incorrect or insufficient as considered by the Bank or Asia Miles Limited, cash rebate will be made available in replacement of Asia Miles Reward to Section III/IV Eligible Client, and will be credited to Section III/IV Eligible Client’s HKD deposit account (according to the sequence as stated in Clause 14 below) with related Terms and Conditions fulfilled on or before 31 July 2018 as the reward for the Offer(s) under Section III or both Sections III and IV (as the case may be).
    13. If Section III/IV Eligible Client chooses cash rebate as the reward for the Offer(s) under Section III or Sections III and IV (as the case may be) in the Designated Webpage or does not submit the rewards registration within the Registration Period or any information submitted via the Designated Webpage is incorrect or insufficient (as stated in Clause 12 of Section I above), the Bank will credit the cash rebate in the sequence as specified in Clause 14 below and by the date as specified in the table below without prior notice:
      Priority Banking sign up date (both dates inclusive) Period of Cash Rebate Crediting
      1 November – 30 November 2017 On or before 30 June 2018
      1 December – 31 December 2017 On or before 30 June 2018
    14. The Bank will credit the cash rebate to respective HKD deposit account (exclude MortgageOne® Account and Mortgage $aver Current Account) held by Section III/IV Eligible Client in sole name or in the capacity as primary account holder for joint account by the date as specified above in the following sequence:
      1. Sub-account under Integrated Deposits Account;
      2. Current Account;
      3. Statement Savings;
      4. Passbook Savings
      If Section III/IV Eligible Client has no valid HKD deposit account, the Bank will credit to the Section III/IV Eligible Client’s USD deposit account as above sequence. If the Section III/IV Eligible 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.
    15. Notification letter will be sent to Section III/IV Eligible Client upon successful crediting of Asia Miles or cash rebate under the relevant Offer(s).
    16. Client acknowledges that the Asia Miles earned shall be credited to his/her Asia MilesTM 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.
    17. Terms and Conditions of Asia Miles 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.
    18. 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.
    19. 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, Eligible Client must fulfil all the requirements below:
      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. Complete “Customer 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 the Priority Banking;
      4. Maintain the Priority Banking Relationship Balance at HKD1,000,000 or above until at least the corresponding designated date (“Designated Date”) depending on the sign up date for the Priority Banking as set out below:
        Priority Banking sign up date (both dates inclusive) Designated Date (Inclusive)
        1 November – 30 November 2017 28 February 2018
        1 December – 31 December 2017 31 March 2018
    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 who fulfils the following requirements:
      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. Maintain the new Total Balance 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 September 2017. New Funds refer to monies deposited by cash, cheque/cashier’s order, Local Bank Transfer Payment through Real Time Gross Settlement (RTGS, also known as Clearing House Automated Transfer System (CHATs)), telegraphic transfer from other banks or transfer-in Investment Funds, Debt Securities or Securities from other banks or financial institutions to the investment product account held with the Bank 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 September 2017, his/her Total Balance will be treated as zero. To check Total Balance as of 30 September 2017, please contact our branch staff.
    3. New Funds Growth Offer will be made available to Eligible Client in the form of Asia Miles or cash rebate. Subject to the terms and conditions above, Asia Miles will be available to Eligible Client as per table shown below according to the New Funds Amount requirement that the Eligible Client fulfilled:
      New Funds Amount (in HKD or HKD equivalent)
      (as defined in Clause 2 above)
      Asia Miles Rewards
      5,000,000 or above 560pximage60,000
      3,000,000 to 4,999,999 560pximage40,000
      1,000,000 to 2,999,999 560pximage25,000
    4. Existing Client who signs up for Priority Banking during the Promotion Period and fulfilled all the requirements under Clause 1 of Section II and selects Asia Miles as the reward of New Funds Growth Offer in Designated Webpage but with New Funds Amount less than HKD1,000,000 will be entitled to 3,000 Asia Miles. Existing Client refers to clients who held any products or services 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 (“Existing Client”), the client who only held with Standard Chartered credit cards is not an Existing Client. 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.
    5. If Eligible Client chooses cash rebate as the reward preference in the Designated Webpage or does not submit the rewards registration to the Bank within the Registration Period (as defined in Clause 12 of Section I above) or any information submitted via the Designated Webpage is incorrect or insufficient (as stated in Clause 12 of Section I above), cash rebate will be available to Eligible Client as per table shown below according to the New Funds Amount requirement that the Eligible Client 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. Existing 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, and chooses cash rebate as the reward preference in the Designated Webpage or does not submit the rewards registration to the Bank within the Registration Period (as defined in Clause 12 of Section I above) or any information submitted via the Designated Webpage is incorrect or insufficient (as stated in Clause 12 of Section I above), Eligible Client will be entitled to HKD300 cash rebate.
    7. The Asia Miles or cash rebate will be credited into relevant Asia Miles membership account or bank account on or before the fulfilment date (as stated in Clause 12 or Clause 13 (as the case may be) of Section I above).
    8. Client will be entitled to the offer only once during the Promotion Period.
  4. Terms and Conditions for Wealth Management Product Reward (the “Reward”)
    1. The Reward is only applicable to New Client and is subject to the conditions specified in this Section below.
    2. The Reward will be available to New Client who signs up for Priority Banking during Promotion Period and fulfils all the following requirements:
      1. Fulfil all requirements set out in the above Section III; and
      2. Procure any one or more of the following products or services at the Bank (“Designated Product”) (under personal account in sole name or in the capacity as primary account holder) with a total balance or accumulated transaction amount of HKD500,000 or above (as illustrated below):
        Designated Product Balance or Accumulated Transaction to be Calculated under the Reward
        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.
        Equity Linked Investments • Total accumulative transaction amount from Priority Banking sign-up date until Designated Date.
        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 Class A (with minimum subscription fee charged at 1.8%) 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.
        Life 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.
        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 14 November 2017 and without any other Premium Deposit transactions made during Transaction Period. Corresponding balance to be calculated under the Reward will be HKD523,364.48 (=(HKD2,000,000 x 28 days + HKD0 x 79 days) ÷ 107 calendar days (counted from the first Premium Deposit transaction date of 14 November 2017 until Designated Date of 28 February 2018)).
        • 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.
    3. For the purpose of the Reward, life assurance basic plans must meet the following requirements:
      1. They are life assurance basic plans underwritten by Prudential and applied through the Bank between Priority Banking sign-up date and the Designated Date; and
      2. They are sold by Insurance Specialist/Sales Staff of the Bank; 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. Relevant policy(ies) 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 terms and conditions above, New Client who fulfils the requirements in Clause 2 of this Section IV above will be entitled to multiply the reward that New Client is entitled to under the Priority Banking New Funds Growth Offer (under Section III above) (which is in the form of Asia Miles or cash rebate (as the case may be)) by the figure shown in the table below:
      Total Balance or Accumulated Transaction Amount of Designated Product(s) (as specified in Clause 2(ii) of this Section IV) Multiplied Reward of Priority Banking New Funds Growth Offer (as listed in Section III)
      HKD500,000 or above 2X
      For example, for New Client who fulfils the requirements in Section III (including depositing New Funds of HKD1,000,000 or above), this Section IV (including taking up a Designated Product with HKD500,000 or above) and Section V (including setting up a Time Deposit) during the Promotion Period, the total reward of Asia Miles (if New Client selects Asia Miles as the reward under Section III, see example 1) or cash rebate (if New Client selects cash rebate as the reward under Section III, see example 2) will be calculated as follows:

      Example 1 – Asia Miles Rewards for New Funds Growth Offer and Wealth Management Product Reward plus Asia Miles Time Deposit Reward
      New Funds Growth Offer Wealth Management Product Reward Asia Miles Time Deposit Reward Total Reward of Asia Miles
      560pximage25,000 Asia Miles X 2X+ 560pximage75,000 Asia Miles= 560pximage125,000 Asia Miles
      Example 2 – Cash Rebate for New Funds Growth Offer and Wealth Management Product Reward plus Asia Miles Time Deposit Reward
      New Funds Growth Offer Wealth Management Product Reward Asia Miles Time Deposit Reward Total Reward of Cash Rebate and Asia Miles
      HKD2,500 Cash Rebate X 2X + 560pximage75,000 Asia Miles = HKD5,000 Cash Rebate + 75,000 Asia Miles
    5. The Asia Miles or cash rebate will be credited into relevant Asia Miles membership account or bank account on or before the fulfilment date (as stated in Clause 12 or Clause 13 (as the case may be) of Section I above).
    6. 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 New Client.
    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. Selected Client who sets up Time Deposit that meets the requirements in the first to sixth rows of Table 1 below will be entitled to the Asia Miles as set out in the seventh row of Table 1 below.

      Table 1

      Promotion Period 1 November 2017 – 31 December 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 HKD1,000,000OR Fixed at HKD1,000,000 in USD equivalent
      Time Deposit Term 6 months
      Number of Asia Miles Rewards 75,000 Asia Miles
      Fulfillment Date 31 March 2018
    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, Local Bank Transfer Payment through Real Time Gross Settlement (RTGS, also known as Clearing House Automated Transfer System (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 through Asia Miles Limited for the entitlement of Asia Miles Time Deposit Rewards. Selected Clients must have successfully submitted rewards registration during the period from 1 November 2017 to 31 January 2018, both dates inclusive (“Registration Period”) (or such period as informed by the Bank) with valid Asia Miles membership information in the name of the Selected Clients at the Designated Webpage to enjoy the relevant Asia Miles Time Deposit Rewards. Successful registration cannot be cancelled or modified. Selected Clients are responsible for the accuracy of the information submitted in Designated Webpage. For Selected Clients who have made multiple registration submissions, only the latest registration record made within Registration Period will be used by the Bank for fulfilment purpose. 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 fulfilment purpose.
    7. After the Selected Clients fulfilled the requirements in Clauses 2 to 6, the entitled number of Asia Miles rewards will be credited into relevant account on or before the Fulfilment Date (as stated in Table 1 of Clause 4 of this Section).
    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 or to convert the un-credited Asia Miles into cash rebate at a ratio of 2 Asia Miles for HKD0.1 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. 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.
    10. 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 from time to time.
    11. 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.

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 Cash Rebate Offer is from 1 October 2017 to 31 December 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 any branch of Standard Chartered Bank (Hong Kong) Limited (the “Bank”) 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 deposit account, including Savings Account(s), Current/ Cheque 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 Cash Rebate Offer that Eligible Client is entitled to will be determined by the Banking Plan signed up by Eligible Client according to the following table during the Promotion Period. Subscription for corresponding Banking Plan and the newly opened IDA account must remain valid at the time when the offer is provided 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 28 February 2018 in the following sequence:
    1. Sub-account under IDA;
    2. Current/ Cheque 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:

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% (.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. During the sales process, this document should be read in conjunction with the relevant product brochure. For full terms and conditions, and risk disclosures of the relevant insurance plan, please refer to relevant product brochure and policy document and read carefully.
  • In respect of an eligible dispute arising between the Bank and the client out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the client; however any dispute over the contractual terms of the product should be resolved between directly Prudential and the client.

Risk Disclosure Statements:

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 Equity Linked Investments:

  • The price or value of the Equity Linked Investments (ELIs) fluctuates, sometimes dramatically. The price or value of the ELIs may move up or down, and may even become valueless. It is as likely that losses will be incurred rather than profit made as a result of subscribing for, buying and selling the ELIs. Investors should therefore carefully consider whether such transactions are suitable in light of their financial position and investment objectives before entering into such transactions.
  • Not principal protected: ELIs are not principal protected. You may suffer a loss if the prices of the underlying asset(s) of an ELI go against your view. In extreme cases, you could lose your entire investment.
  • Limited potential gain: the potential return on your ELI may be capped at a predetermined level specified by the issuer.
  • Credit risk of the issuer: when you purchase an ELI, you rely on the credit-worthiness of the issuer. In case of default or insolvency of the issuer, you will have to rely on your distributor to take action on your behalf to claim as an unsecured creditor of the issuer regardless of the performance of the reference asset(s).
  • No collateral: ELIs are not secured on any assets or collateral.
  • Limited market making: issuers may provide limited market making arrangement for their ELIs. However, if you try to terminate an ELI before maturity under the market making arrangement provided by the issuer, you may receive an amount which is substantially less than your original investment amount.
  • Investing in an ELI is not the same as investing in the reference asset(s): during the investment period, you have no rights in the reference asset(s). Changes in the market price of such reference asset(s) may not lead to a corresponding change in the market value and/or potential payout of the ELI.
  • Conflicts of interest: issuer of an ELI may also play different roles, such as the arranger, the market agent and the calculation agent of the ELI. Conflicts of interest may arise from the different roles played by the issuer, its subsidiaries and affiliates in connection with the ELI.

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 risks. The prices of units/shares of unit trusts 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 risks. 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 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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