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 October 2018 to 31 December 2018 (both dates inclusive) (the “Promotion Period”) to enjoy Priority Banking Welcome Privileges with the first 2-quarter maintenance fee waiver. For example, clients can enjoy 285,000 Asia Miles1 by fulfilling new funds requirement of HKD1,000,000 and setting up a 12-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 2 times 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
2 times

Privilege 3 – Asia Miles Time Deposit Rewards

Offer For Hong Kong Dollar Time Deposit:

New Funds for Time Deposit7(HKD) 6-month Time Deposit OR 12-month Time Deposit
1,000,000 560pximage100,0008 560pximage260,0008

Offer for Foreign Currency Time Deposit:

New Funds for Time Deposit7 6-month Time Deposit
RMB300,000 560pximage80,0008
USD100,000 560pximage120,0008

More foreign currency time deposit offers are available, please contact our branch staff for details.

Illustrative Example

For example, new client has deposited new funds of HKD1,500,000 and set up a 12-month HKD Time Deposit2 with HKD1,000,000 and taken up designated wealth management product(s) with HKD500,000 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 2 times 560pximage260,000 560pximage310,000

Privilege 4 – Asia Miles Savings Account Rewards

Offer For Hong Kong Dollar Time Deposit:

  • Earn Asia Miles on a monthly basis for a maximum of 8 months
  • Enjoy fund flexibility with a one-off New Fund initial deposit and free deposit withdrawals
  • The higher the average balance, the more you can earn
Minimum monthly average balance of New Funds (HKD) Asia Miles Rewards on New Funds of HKD1,000,000
100,000 560pximage15,000/month8

For more details of Asia Miles Savings Account Rewards, please contact our branch staff and refer to the relevant promotion leaflet.

Apply Now

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

 

Remarks:

  1. This is an illustrative example. Client can enjoy 285,000 Asia Miles by fulfilling new funds requirement of HKD1,000,000 and setting up a 12-month HKD Time Deposit. Terms and conditions apply.
  2. Eligible client who fulfils the relevant requirements of setting up time deposit will be eligible for Asia Miles Time Deposit Rewards.
  3. For Asia Miles rewards of New Funds Growth Offer and/or Wealth Management Product Reward, eligible clients must submit accurate Asia Miles™ membership information via designated webpage(s) of Standard Chartered Bank (Hong Kong) Limited (the “Bank”) within the period from 1 October 2018 to 31 January 2019, 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 the third party insurer) in past 12 months from the date of signing up for Priority Banking 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 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 (i) monies newly deposited into the Bank within 3 days before the opening date of the Asia Miles Time Deposit account 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 or (ii) funds converted from any currency into the relevant currency of the Asia Miles Time Deposit Account on the same day of the opening of the Asia Miles Time Deposit Account, excluding any renewal or rollover of existing time deposits, transfer of funds from any account within the Bank, any currency converted from Premium Deposits upon maturity and Currency Switching upon maturity.
  8. To enjoy the Asia Miles Time Deposit Rewards and/or Asia Miles Savings Account Rewards, eligible clients must have successfully submitted their Asia Miles membership information accurately via Standard Chartered Online Banking (sc.com/hk/login) within 2 weeks after the Asia Miles Time Deposit Account set-up and/ or the new Integrated Deposits Account or Hong Kong Dollar Statement Savings Account set-up for Asia Miles Savings Account Rewards. For Asia Miles Time Deposit Rewards, the Asia Miles as shown on the relevant promotion webpage and materials are for reference only and is not guaranteed. We reserve the right to make any adjustment to the amount of Asia Miles as shown on the relevant promotion webpage and materials from time to time at its sole absolute discretion.

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 up to 680,000 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 260,000 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

Enjoy up to 20,000 Asia Miles for 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 258,888 Asia Miles or
up to HKD25,888 Cash Rebate

 
wealth-mortgage
Personal Instalment Loan

Apply online and drawdown to enjoy APR as low as 3.33% and Online Exclusive Offer up to HKD500 Cash Coupon

 
wealth-personal-loan
Salary BonusPack Privileges

Up to 15,000 Asia Miles

 
 

 

 

Priority Banking Credit Card Welcome Offer for New Cardholders1

Enjoy HKD400 Cash Rebate or other welcome offers by accumulating eligible transactions of HKD5,000 or above within the first 2 months from the card issuance date.


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

Remark:

  1. The Welcome Offer is only applicable to “New Cardholders” are applicants who must not currently hold and have not cancelled any principal card of Standard Chartered Credit Card or MANHATTAN Credit Card issued by the Bank in the past 6 months from the date of approval of their application for principal card of the Standard Chartered Credit Card. For Priority Banking Credit Card Welcome Offer, please refer to the "Important Information and Terms and Conditions for Application of Standard Chartered Credit Card" for details.
Annualised Percentage Rate (“APR“) for retail purchase is 31.73%; annual fee is HKD2,400. 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.

 

 

Integrated Deposits Account Online Welcome Offer for New Priority Banking Client

What’s more, you can also consolidate your savings and current accounts in HKD, RMB and a full range of foreign currencies under one account number, and manage your bank account with ease.

New Priority Banking Client(1)applying for an Integrated Deposits Account online can enjoy HKD300 Cash Rebate(2).

Remarks:

  1. Applicable to client who does not hold any 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.
  2. Client needs to bring along all the required documents and visit any branch nearby to complete the account opening process within 14 days after submits the online application.

 
 

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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 October 2018 to 31 December 2018, 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:
      1. the Offers under Sections II, III and V are applicable 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 signing up for Priority Banking (“Eligible Client”); and
      2. the Offer under Sections IV is applicable to Eligible Client who (i) fulfils the requirements in Clause 4(a) above) and (ii) did NOT in the past 12 months from the date of signing up for Priority Banking 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 the third party insurer) except Standard Chartered credit cards (“New Client”). “Standard Chartered Credit Cards” refer to Standard Chartered Credit Card, Standard Chartered Co-branded Card, MANHATTAN Credit Card and MANHATTAN Co-branded Card issued by the Bank, including supplementary cards, Standard Chartered Business Card and Standard Chartered Corporate Card.
    5. Eligible Client’s enrollment in Priority Banking and application for such banking products and services as mentioned under an Offer must remain valid at the time when the corresponding Offer is awarded 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.
    6. If after the Offer(s) under Sections II to V is/are awarded or delivered to the Eligible Client, the Eligible Client terminates Priority Banking within 12 months from the date of signing 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.
    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 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.
    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 relevant Offer(s) entitlement.
    9. 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.
    10. 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(s) (“Designated Webpage”).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.
    11. If Section III/IV Eligible Client chooses Asia Miles as the reward preference in the Designated Webpage:
      1. 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;
      2. Section III/IV Eligible Client must have an existing Asia Miles membership account. Otherwise, Section III/IV Eligible Client has to set up an Asia Miles membership account through Asia Miles Limited. Section III/IV Eligible Client must successfully register 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 October 2018 to 31 January 2019 (both dates inclusive) (the “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 the purpose of crediting of Asia Miles. Successful registration cannot be cancelled or modified. For Section III/IV Eligible Client who has submitted multiple rewards registrations, only the latest Asia Miles Reward Registration record made within Registration Period will be taken by the Bank for the purpose of crediting of Asia Miles..
      3. The Bank will provide the Section III/IV Eligible Client’s Asia Miles membership information including surname, given name, membership number, and the number of Asia Miles earned, if any, to Asia Miles Limited for the crediting of the Asia Miles. Upon receiving such information from the Bank, Asia Miles Limited will credit the Asia Miles earned to the respective Section III/IV Eligible Client’s Asia Miles membership accounts during the period as set out in the table below (“Asia Miles Fulfilment Date”):
      4. Priority Banking sign up date (both dates inclusive) Period within which Asia Miles will be credited into the Eligible Section III/IV
        Eligible Client’s Asia Miles membership account by Asia Miles Limited

        1 October 2018 – 31 October 2018

        1 November 2018 – 30 November 2018

        1 December 2018 – 31 December 2018

        Within 4 to 6 weeks after 30 June 2019
        1 August 2018 – 31 August 2018
      5. In cases where information submitted is incorrect or insufficient for the purpose of crediting of Asia Miles as considered by the Bank or Asia Miles Limited, upon fulfilment of all the relevant requirements in these Terms and Conditions on or before 31 July 2019, cash rebate will be made available in replacement of Asia Miles 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 12(c) of this Section) as the reward for the Offer(s) under Section III or both Sections III and IV (as the case may be).
    12. If Section III/IV Eligible Client (A) chooses cash rebate as the reward preference in the Designated Webpage or (B) does not submit rewards registration to the Bank within the Registration Period or (C) any information submitted via the Designated Webpage is incorrect or insufficient for the purpose of crediting of Asia Miles (as mentioned in Clause 11(d) of this Section):
      1. 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 fulfilment of all the relevant requirements in these Terms and Conditions.
      2. the Bank will credit the cash rebate by the date as specified in the table below (“Cash Rebate Fulfilment Date”) without prior notice:
      3. Priority Banking sign-up date (both dates inclusive) Period during which the Cash Rebate will be Credited

        1 October 2018 – 31 October 2018

        1 November 2018 – 30 November 2018

        1 December 2018 – 31 December 2018

        On or before 30 June 2019
        1 August 2018 – 31 August 2018
      4. 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 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 in the 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.
    13. Notification will be made to Section III/IV Eligible Client upon successful crediting of Asia Miles or cash rebate under the relevant Offer(s).
    14. Eligible Clients 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 Eligible 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.
    15. 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. Eligible Clients understand and accept that the Bank is not the supplier of the Asia Miles membership account of the Asia Miles provided. The Bank shall bear no liability relating to any aspect of the Asia Miles membership account or the Asia Miles, including without limitation, the supply, the descriptions of the Asia Miles membership account and the Asia Miles provided by merchant, any false trade description, misrepresentation, mis-statement, omission, unauthorized representation, unfair trade practices or conduct in connection with the Asia Miles membership account or the Asia Miles provided by the merchant, its employees, officers or agents.
    16. Asia Miles earned cannot be converted into bonus points or cash rebate and are non-transferable.
    17. The Bank reserves the right to vary, extend, terminate and/or cancel any of the Offer(s) or to amend 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.
    18. 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. Eligible Client who fulfils all the requirements below may enjoy the Fee Waiver Offer:
      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 signing up for Priority Banking within the Promotion Period; and complete the registration of Online Banking or use the Phone Banking services at least once within 2 weeks from the date of signing up for Priority Banking;
      2. Complete “Customer Investment Profile” questionnaire within 2 weeks from the date of signing up for Priority Banking;
      3. Meet the entry Relationship Balance (for definition, 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. Maintain the Priority Banking Relationship Balance at HKD1,000,000 or above until at least the corresponding designated date (“Designated Date”) depending on the date of signing up for Priority Banking as set out below:
        Priority Banking sign up date (both dates inclusive) Designated Date (Inclusive)
        1 October 2018 – 31 October 2018 31 January 2019
        1 November 2018 – 30 November 2018 28 February 2019
        1 December 2018 – 31 December 2018 31 March 2019
        1 August 2018 – 31 August 2018 30 November 2018
    2. Eligible Client is entitled to the first 2 quarters maintenance fee waiver for Priority Banking maintenance fee (instead of one quarter fee waiver under the Bank’s service charge structure of Priority Banking upon fulfilment of the minimum Relationship Balance requirement). 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 and 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. Eligible Client will be entitled to the Fee Waiver Offer once only during the Promotion Period.
  3. Terms and Conditions for New Funds Growth Offer
    1. Eligible Client who fulfils all of the following requirements will be entitled to the New Funds Growth Offer:
      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 signing up for Priority Banking (or any other date determined by the Bank) to grow the Eligible Client’s Total Balance at the Bank; and
      4. Maintain the new Total Balance at or above the New Funds Amount until at least the corresponding Designated Date as specified in Clause 1(iv) of Section II (or any other date determined by the Bank) depending on the date of signing up for Priority Banking.
    2. 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) 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
    3. Where an Existing Client signs up for Priority Banking during the Promotion Period, fulfils all the requirements under Clause 1 of Section II and selects Asia Miles as the reward for the New Funds Growth Offer in the Designated Webpage, and the New Funds Amount is less than HKD1,000,000, the Existing Client will be entitled to 3,000 Asia Miles.
    4. If Eligible Client chooses cash rebate as the reward preference in the Designated Webpage or does not submit rewards registration to the Bank within the Registration Period or any information submitted via the Designated Webpage is incorrect or insufficient for the purpose of crediting of Asia Miles (as stated in Clause 11(d) 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) 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
    5. Where an Existing Client signs up for Priority Banking during the Promotion Period and fulfils all the requirements under Clause 1 of Section II, 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 or any information submitted via the Designated Webpage is incorrect or insufficient for the purpose of crediting of Asia Miles (as stated in Clause 11(d) of Section I above), and the New Funds Amount is less than HKD1,000,000, Eligible Client will be entitled to HKD300 cash rebate.
    6. For the purposes of this Offer:
      1. 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 31 August 2018.
      2. 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.
      3. Total Balance” includes the aggregate balance of deposits, investments and accumulated premiums of selected insurance under personal account as primary account holder. For client who did not hold any account with the Bank as of 31 August 2018, his/her Total Balance will be treated as zero. To check Total Balance as of 31 August 2018, please contact our branch staff.
      4. Existing Client” refers to a client 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 the third party insurer) in the past 12 months from the date of signing up for Priority Banking; and a client who only held Standard Chartered credit card(s) issued by the Bank in the past 12 months from the date of signing up for Priority Banking is not considered as an “Existing Client” for the purpose of this Offer.
    7. Eligible Client will be entitled to the New Funds Growth Offer once only 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. New Client who signs up for Priority Banking during Promotion Period and fulfils all the following requirements will be entitled to the Reward:
      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 his/her 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 Total Balance or Accumulated Transaction to be Calculated under the Reward
        Bonds • Total amount of Bonds subscribed minus the total amount of Bonds redeemed from the date of signing up for Priority Banking until Designated Date.
        • Applicable to Bonds purchase transaction in secondary market only.
        Equity Linked Investments • Total accumulative transaction amount during the Promotion Period.
        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 signing up for Priority Banking 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 the date of signing up for Priority Banking 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 switching and transfer-in amount from other banks will be excluded.
        Life Insurance • Aggregate premium paid on or before the Designated Date of life assurance basic plan(s) underwritten by Prudential that are successfully applied on or after the date of signing up for Priority Banking.
        • Life assurance basic plans must meet all the requirements as specified 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 16 October 2018 and without any other Premium Deposit transactions made during Transaction Period. Corresponding balance to be calculated under the Reward will be HKD518,518.52 (=(HKD2,000,000 x 28 days + HKD0 x 80 days) ÷ 108 calendar days (counted from the first Premium Deposit transaction date of 16 October 2018 until Designated Date of 31 January 2019)).
        • 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 the date of signing up for Priority Banking 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).
    4. 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 specified in Section III)
      HKD500,000 or above 2 times
      For example, for New Client who deposits New Funds in the sum of HKD1,500,000 and fulfils all 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 12-month HKD Time Deposit) during the Promotion Period, the total reward of Asia Miles (if the reward under Section III will be given in the form of Asia Miles, see example 1 below) or cash rebate (if the reward under Section III will be given in the form of cash rebate, see example 2 below) 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 Rewards
      New Funds Growth Offer Wealth Management Product Reward Asia Miles Time Deposit Reward Total Reward of Asia Miles
      25,000 Asia Miles X 2 times + 260,000 Asia Miles = 310,000Asia Miles
      Example 2 – Cash Rebate for New Funds Growth Offer and Wealth Management Product Reward plus Asia Miles Time Deposit Rewards
      New Funds Growth Offer Wealth Management Product Reward Asia Miles Time Deposit Rewards Total Reward of Cash Rebate and Asia Miles
      HKD2,500 Cash Rebate X 2 times + 260,000 Asia Miles = HKD5,000 Cash Rebate + 260,000 Asia Miles
    5. New clients will be entitled to the Reward once only during the Promotion Period.
  5. Terms and Conditions for Asia Miles Time Deposit Rewards and Asia Miles Savings Account Rewards
    1. Please refer to the relevant promotion leaflet and Terms and Conditions or contact our branch staff for details.
    1. Asia Miles Time Deposit Rewards are available between the Promotion Period as stated in Table 1 of Clause 3, both dates inclusive (the “Promotion Period”).
    2. New Clients who set up Time Deposit Account(s) with the Bank at 0.01% p.a. interest rate in sole name within the Promotion Period will be entitled to the Asia Miles Time Deposit Rewards.
    3. New Clients who sets up Time Deposit that meets the requirements in the first to sixth rows of Table 1 below will be entitled to the corresponding amount of Asia Miles as set out in the seventh row of Table 1 below.

      Table 1

      Promotion Period 1 September 2018 – 30 September 2018
      New Clients Priority Banking New Clients
      Fund Types New Funds (as stated in Clause 4 below)
      Number of Time Deposit Account Set-up Once only
      Time Deposit Term 6 months OR 12 months
      Time Deposit Principal Amount Fixed at HKD1,000,000 Fixed at HKD1,000,000
      Number of Asia Miles Rewards 100,000 Miles 250,000 Miles
      Fulfillment Date Within 90 days after the Time Deposit Account Set-up
    4. For the purpose of this Offer, “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.
    5. New Clients must have an existing Asia Miles membership account. Otherwise, New Clients have to set up an Asia Miles membership account through Asia Miles Limited. To enjoy the relevant Asia Miles Time Deposit Rewards, New Clients must successfully submit their Asia Miles membership information via Standard Chartered Online Banking (sc.com/hk/login) within 2 weeks after the setting up of the Time Deposit Account. For the avoidance of doubt, valid Asia Miles membership account must be held by New Client and the Bank does not accept any Asia Miles membership accounts that are not held by New Client for the purpose of crediting of Asia Miles. Successful registration cannot be cancelled. The latest Asia Miles membership information provided by New Client according to the Bank’s records at the time when such information is provided to Asia Miles Limited according to Clause 6 below will be taken by the Bank for the purpose of the crediting of Asia Miles.
    6. The Bank will provide the New Client’s Asia Miles membership, surname, given name, membership number, and the number of Asia Miles earned, if any, to Asia Miles Limited for the crediting of Asia Miles. Upon receiving such information from the Bank, and upon New Client’s fulfilment of the requirements in Clauses 2 to 5 of this Section, Asia Miles Limited will credit the Asia Miles earned to the respective New Client’s Asia Miles membership accounts within 90 days from the date of the setting-up of the Time Deposit Account. In case of failure in the crediting of the Asia Miles to the New 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 submission of incorrect or insufficient information for the purpose of crediting of Asia Miles 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.
    7. 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 setting-up of any time deposit at its own discretion and to alter or terminate this Offer or amend the relevant terms and conditions at anytime. Should there be any disputes, the Bank’s decision shall be final and conclusive.
    8. 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.
    9. 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.

VI. Terms and Conditions for Priority Banking 360° Rewards

  1. Please refer to the relevant promotion leaflet or contact our branch staff for details.

Important Notes:

Important Notes for Priority Banking:

  • 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.
    The Relationship Balance of your personal account will also include the MPF account balance under Manulife Global Select (MPF) Scheme where you authorise and consent the Bank to receive your MPF account information.
    ^ Standard Chartered Credit Cards refer to Standard Chartered Credit Card, Standard Chartered WorldMiles Card (formerly known as Standard Chartered American Express® 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 and levy(ies) 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 webpage 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 webpage 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 webpage 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 (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Bank and the client out of the selling process or processing of the related transaction, the Bank will enter into a Financial Dispute Resolution Scheme process with the client; however, any dispute over the contractual terms of the product should be resolved directly between 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 webpage has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.

Notes:

  • This webpage 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 webpage alone.

 

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