1.0 The Standard Chartered Bank Malaysia Berhad (“SCBMB”) and Standard Chartered Saadiq Berhad (“SCSB”) (collectively known as “the Bank”) Priority & Priority Private Referral Campaign (MGM) H2 2023 (“Campaign”) will run from 1 July 2023 to 31 December 2023, inclusive of both dates (“Campaign Period”).
2.0 This Campaign is open to all of the Bank’s clients who fulfil the following conditions except for the Bank’s permanent or contract staff on Front Line Incentive Plan (“FLIP”) or Affluent Segment department staff (non-FLIP including Branch staff), and non-individuals or corporate customers (“Eligible Referrer/participants”)
3.0 Under this Campaign, the Eligible Referrer would be entitled to Reward as laid out at Clause 8.1 upon a Successful Referral of an Eligible Referee. “Successful Referral” means the introduction of Eligible Referee by the Eligible Referrer to the Bank where the Eligible Referrer have completed and submitted the Referral Form, and provided Eligible Referee who is equally eligible under the terms of this Campaign and the Eligible Referee had successfully signed up for Priority Private/Priority membership during this Campaign Period in accordance with the terms and conditions as laid out here:
3.1 The Eligible Referee is allowed to qualify for Priority Private/Priority membership provided that the Eligible Referee fulfils the requirements of the Priority Private/Priority terms and conditions and must be a New-to-CASA (“NTC”) customers who maintain a minimum of RM3,000,000 (Priority Private) or RM250,000 (Priority Banking) fresh funds with the Bank in deposits and/or investments within the next calendar month (Month On Board 1) upon completing the online Referral Form.
3.2 The online Referral Form to be completed prior to CASA account opening
3.3 For the purpose of this Campaign, “New-to-CASA customer” refers to an individual who do not have any existing relationship with the Bank and opens at least 1 current account(s), and/or savings account(s) (“Deposits Relationship”) as the primary account holder and signs up for Priority Private or Priority with the Bank during the Campaign Period.
3.4 To be eligible for this Campaign, both Eligible Referee and Eligible Referrer must complete their Customer Investment Profile (“CIP”) within the next calendar month (Month On Board 1) upon completing the online Referral Form.
3.5 The Eligible Referee and his/her joint account holders (if any) were not existing CASA clients of the Bank in the past twelve (12) months prior to commencement of this Campaign Period.
3.6 Where an Eligible Referee’s account is a joint account, the account shall be treated as ONE (1) introduction only, irrespective of the number of accountholders.
3.7 The Eligible Referee’s account must not be a joint account held together with the Eligible Referrer.
3.8 Eligible Referrer cannot refer him/herself as the Eligible Referee under this Campaign.
3.9 For the purpose of this Campaign, “Fresh Funds” means: (a) funds which do not originate from any account held with SCBMB or SCSB; (b) monies or funds howsoever transferred, credited or paid into an Eligible CASA / Islamic CASA from other banks and/or financial institutions by way of (i) Interbank GIRO transfers, (ii) collection and payment of cheques drawn on such other bank(s).
4.0 Eligible Referrer with Successful Referral will be entitled to Reward as stated below:
| Each (1) Successful Priority Private Referral |
AUM RM3,000,000 and above
with min subscription of RM50K in
Wealth Management Products* holding |
RM3,388 |
| AUM RM3,000,000 and above
without Wealth Management Products* holding |
RM1,000 |
| Each (1) Successful Priority Referral |
AUM RM250,000 and above
with min subscription of RM50K in
Wealth Management Products* holding |
RM700 |
| AUM RM250,000 and above
without Wealth Management Products* holding |
RM300 |
*Participating Wealth Management Products as follows: Unit Trusts / Islamic Unit Trusts, Bonds / Sukuk, Banca / Takaful, Structured Investments (including Fixed Coupon Notes “FCN”) that purchased through SCBMB or SCSB branches.
Note:
1. Structured Investment is not available at SCSB branches
2. Wealth Management Products must be purchased before payout of reward
5.0 Click here to view the full terms and conditions of the Campaign
This campaign is also applicable to Standard Chartered Saadiq.
*Priority Banking Visa Infinite is only applicable to Standard Chartered Bank Malaysia Berhad.
**Only deposits are protected by PIDM up to RM250,000 for each depositor.
