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TERMS AND CONDITIONS
JUSTONE ACCOUNT & CREDIT CARD BUNDLE CAMPAIGN

Campaign

  1. The Standard Chartered Bank Malaysia Berhad ("SCBMB") JustOne Account & Credit Card Bundle Campaign will run from 11 June 2013 until 31 December 2014, inclusive of both dates ("Campaign Period").
  2. By participating in this Campaign, participants agree to be bound by all the terms and conditions below.

Eligibility

  1. This Campaign is open to SCBMB customers over the age of 21 who:
    1. are Personal Banking customers holding JustOne Personal Accounts or are Preferred Banking customers holding JustOne Preferred Accounts. These accounts must be opened before 1 July 2014 in their name alone; and
    2. hold either a Visa translucent Credit Card, Platinum Credit Card, Business Platinum Credit Card, Preferred World MasterCard, WorldMiles Credit Card or/and JustOne Platinum MasterCard Credit Card issued by SCBMB (“Eligible Cards”) before 1 July 2014 as principal cardholder;
    3. and have maintained their accounts with the Bank in good standing, without any breach of the terms and conditions or agreements, throughout the Campaign Period, (“Eligible Customers”).
  2. However, members of Standard Chartered Priority Banking, regardless of whether they hold any JustOne Personal Account and/or JustOne Preferred Account, are not eligible to participate in this Campaign.

Interpretation

  1. "JustOne Account" means any of the following:
    1. JustOne Personal Account
    2. JustOne Preferred Account
  2. "JustOne Personal Account" means any of the following:
    1. JustOne Personal Current Account
    2. JustOne Personal Savings Account
  3. "JustOne Preferred Account" means any of the following:
    1. JustOne Preferred Current Account
    2. JustOne Preferred Savings Account
  4. "JustOne Current Account" means any of the following:
    1. JustOne Personal Current Account
    2. JustOne Preferred Current Account
  5. "JustOne Savings Account" means any of the following:
    1. JustOne Personal Savings Account
    2. JustOne Preferred Savings Account
  6. AMB is calculated as follows:

    Total of day-end balances in the account from account opening date to month end
    AMB (New Account) =
    Number of days for which the account was open in the month
    Total of day-end balances in the account every day in that month
    AMB (Existing Account) =
    Number of days in that month

    Example: Ms B opens her account on 22 July 2013. The total of day-end balances in her account in July 2013 is RM250,000. Ms B’s account has been open for 10 days in July 2013. The AMB in that account for July 2013 = RM250000 / 10 days = RM25000.

    For August 31, the total of day-end balances in that account is RM550,000. There are 31 days in August. The AMB in that account for August 2013 = RM550,000 / 31 days = RM17,741.93

Participation

  1. To participate in this Campaign, Eligible Customers must:
    1. fulfill the JustOne Account monthly deposit requirement as described in the JustOne Account terms and conditions throughout the Campaign Period; and
    2. spend a total of at least:
      1. RM1,500 on their Eligible Cards if they are our Personal Banking customers; or
      2. RM3,000 on their Eligible Cards if they are our Preferred Banking customers,(“Minimum Spend”) throughout the Campaign Period. Points purchases, cash advances, interest, fees or charges, disputed transactions, any type of balance transfers and any type of installment payment plans will not count towards this Minimum Spend. Transactions by supplementary cardholders of the Eligible Cards will count towards this Minimum Spend.

Benefits

  1. Eligible Customers will be eligible for the following benefits in each of the month they satisfy the requirements as laid out in Clause 10.1 and 10.2 above, in addition to the benefits as described in the JustOne Account terms and conditions:
      1. For Personal Banking Customers, a bundle interest of 1.75% p.a would be applied up to RM50,000 only of the JustOne Personal Savings Account average monthly balance (AMB);
      2. For Preferred Banking Customers, a bundle interest of 1.50% p.a. would be applied up to RM100,000 only of the JustOne Preferred Savings Account average monthly balance (AMB).
    1. A minimum balance of RM1 must be maintained to earn interest. Interest is calculated on simple interest calculation and accrued daily. The bundle interest earned will only be credited at the end of the following month.

    Summary of Interest Crediting to the JustOne Savings Account

    As Per Current JustOne A/C Feature
    +
    +
    Bundle Feature
    =
    =
    Total Interest Earned
    Customer Segment JustOne SA Account Type Holding Base Interest p.a. If Credit Monthly Min into JustOne CA If Spend Min on the Eligible Credit Card/s
    Min Monthly Crediting Additional 1% p.a. Interest Min Monthly Credit Card/s Spends Bundle Interest
    Personal Banking Personal (358) 0.25% RM1,500 1.00% RM1,500 1.75% 3.00%
    Preferred Banking Preferred (466) 0.50% RM5,000 1.00% RM3,000 1.50% 3.00%
  2. Customers whose JustOne Accounts and/or card accounts are suspended, cancelled or terminated for any reason during the Campaign Period or within 1 month after the Campaign Period ends will not be entitled to the additional interest under this Campaign.

General

  1. The Bank's decisions relating to this Campaign, are final and binding all participants. If any matters arise which are not covered in these Terms and Conditions, they will be determined solely by the Bank.
  2. The Bank may vary any of these Terms and Conditions and extend the Campaign Period. Any such change will be announced on the Bank's website at standardchartered.com.my, in the Bank's branches.
  3. The Campaign and these Terms and Conditions are governed by the laws of Malaysia. The participants agree that the Courts of Malaysia have jurisdiction over all matters arising from this Campaign.