Meaning of words
You also need to refer to our Client Terms and other applicable product terms which also define key words used in these terms. If a word defined in these terms is also defined in other parts of our banking agreement, the definition in these terms applies for the purposes of the Programme.
banking agreement means the agreement between you and us formed when we accept an application from you, the terms of which include our Client Terms and the relevant product terms.
card spend means retail transactions charged to your Priority Banking Visa Infinite credit card. Card spend includes bill payments via our online banking service but excludes:
- purchases of petrol,
- points purchases,
- cash advances,
- interest, fees or charges,
- disputed transactions,
- any type of balance transfers, and
- any type of instalment payment plans.
household means your immediate family members (parents, spouse and children only) for whom you have requested Household Recognition privileges and whom we have accepted for Priority banking membership under those privileges.
JustOne Priority Account refers to the Standard JustOne Priority Current Account and JustOne Savings Account held with us. These accounts are eligible for protection by Perbadanan Insurans Deposit Malaysia.
Saadiq JustOne Priority-i refers to the JustOne Priority Account-i and JustOne Priority Investment Account-i held with Saadiq. These accounts are not insured by Perbadanan Insurans Deposit Malaysia.
JustOne Priority Plus-i refers to the JustOne Priority Plus Account-i and JustOne Priority Plus Investment Account-i held with Saadiq. These accounts are not insured by Perbadanan Insurans Deposit Malaysia.
Priority clients refer to our clients who have a valid Priority banking membership with us.
primary account holder in a joint account means the account holder whose name appears first in our records.
product category means the categories of products for which you may earn Relationship Rewards Points under this Programme.
profit sharing investment account means an account (which may be a checking or non-checking account) based on the Mudharabah concept, held with Saadiq. These accounts are not insured by Perbadanan Insurans Deposit Malaysia.
Programme means the Priority Banking Services and Privileges Programme.
Programme booklet means the booklet describing the features, services and privileges under this Programme.
Rewards Points means the 360 Rewards Points earned under this Programme.
Saadiq refers to Standard Chartered Saadiq Berhad
you and your refers to you as our Priority banking client and, where the context allows, your joint account holder or your authorised person.
we, us and our refers to Standard Chartered Bank Malaysia Berhad.