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Fulfil monthly placement requirement to enjoy fee waiver for all your transaction needs

JustOne Priority Plus-i

Introducing an intelligent high yield premium account that manages your funds to earn higher profit rate and provides flexibility whenever you need it most. By Invitation only.

Terms and Conditions

  1. The JustOne Priority Plus-i is available by invitation only. You must be at least 18 years of age to open a JustOne Priority Plus-i. The JustOne Priority Plus-i comprises both JustOne Priority Plus Account-i and JustOne Priority Plus Investment Account-i.
  2. You may open a JustOne Priority Plus-i jointly with another individual, subject to a maximum of two joint account holders. In the case of a joint account, you agree that the account is to be operated on an “either one to sign” mandate, and that this mandate cannot be revoked.
  3. JustOne Priority Plus Account-i and JustOne Priority Plus Investment Account- i are based on the concept of Mudharabah or profit sharing. Profit earned under Mudharabah accounts is calculated based on Profit Sharing Ratio (PSR). The PSR and the indicative profit rates can be found at our website www.sc.com/my and branches. The JustOne Priority Plus Account-i and JustOne Priority Plus Investment Account-i are not insured by PIDM.
  4. You will enjoy fee waivers on transactions via MEPS and HOUSe ATMs, and Interbank GIRO funds transfer via Standard Chartered ATMs in Malaysia in each month that you maintain an average monthly balance (“AMB”) of at least RM20,000 in your JustOne Priority Plus Account-i .

    NOTE:

    1.Normal transaction fees will be charged at the time of the transaction and will be reimbursed to your account in the same month. No fee reimbursements or hibah will be made if you close either your JustOne Priority Plus Account-i or JustOne Priority Plus Investment Account-i or both.

    2. If you do not fulfill the AMB requirement each month, the normal fees for MEPS and HOUSe ATM withdrawals and Interbank GIRO fund transfers will apply during that month. These fees are set out in our Tariff of Fees and Charges, which is available at www.sc.com/my

  5. AMB is calculated as follows :

    AMB (New Account) =

    Total of day-end balances in the account from account opening date to month end

    Number of days for which the account was open in the month

    AMB (Existing Account) =

    Total of day-end balances in the account every day in that month

    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 = RM25,000.

    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

  6. In addition, JustOne Priority Plus-i holders will also enjoy the following usual Priority banking benefits:

    6.1Fee waiver for international cash withdrawal at any Visa/Plus or MasterCard/Cirrus network ATMs worldwide; and

    6.2Fee waiver for international funds transfer (outward telegraphic transfer) within the Standard Chartered network.

  7. Only the first Debit Card issued is free. Subsequent replacements will be subject to the normal charge as set out in our Tariff of Fees and Charges.
  8. Your eStatements may be downloaded via Online Banking and/or sent to your designated email address at your option. You will not receive physical hard copy statements.
  9. The JustOne Priority Plus Account-i and JustOne Priority Plus Investment Account-i and all benefits and services under them are further subject to our banking agreement, which comprises the Saadiq Personal Account Rules and Regulations which can be found at www.sc.com/my and at our branches. JustOne Priority Plus-i holders are subject to the Standard Chartered Saadiq Berhad Priority Banking Service and Privileges Terms and Conditions.
Rules and Regulations for Optional Sweep Function
  1. There are two Optional Sweep functions available with the JustOne Priority Plus -i. It is a facility that is only available if you have applied for it and we have approved your application.
  2. The Optional Sweep functions are only applicable to the JustOne Priority Plus Account-i and the JustOne PriorityPlus Investment Account-i linked to the JustOne Priority Plus Account-i
  3. We may terminate any of the Optional Sweep facilities at any time by notice in writing to you.
  4. We may add to, delete and/ or vary as may deem fit, any of the terms and conditions herein contained by serving a notice in writing to you or by publishing the same on our website at www.sc.com/my
    1. Optional Sweep function from JustOne Priority Plus Investment Account-i to JustOne Priority Plus Account-i:
      1. If your JustOne Priority Plus Account-i balance falls below a minimum amount as set by you (“Minimum Balance”), this sweep function will make a fund transfer of an amount equivalent to the Minimum Balance from your JustOne Priority Plus Investment Account-i to your JustOne Priority Plus Account-i to meet the Minimum Balance at every end day.
      2. This automatic transfer of funds will be made when there are funds available in your JustOne Priority Plus Investment Account-i. Where necessary, all available balances in your JustOne Priority Plus Investment Account-i will be transferred to meet the Minimum Balance at every end day.
      3. This sweep feature will also transfer available funds from your JustOne Priority Plus Investment Account-i to your JustOne Priority Plus Account-i in instances of insufficient funds in the current account to pay cheques issued on that account.
    2. Optional Sweep function from JustOne Priority Plus Account-i to JustOne Priority Plus Investment Account-i:
      1. This sweep function will automatically transfer any Surplus funds from your JustOne Priority Plus Account-i to your JustOne Priority Plus Investment Account-i in accordance with the bank's normal procedures
      2. “Surplus funds” is any amount above the maximum balance set by you in your JustOne Priority Plus Account–i.
Note: If you opt to take up both Optional Sweep functions, the maximum balance you set for your JustOne Priority Plus Account–i must be at least equivalent to the Minimum Balance in your JustOne Priority Plus Investment Account-i

IB/CTB/0004/V1/2015

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