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Standard Chartered Bank (Singapore) Limited Business Banking New-to-Bank Promotional Pricing Terms and Conditions

  1. The Standard Chartered Bank (Singapore) Limited Business Banking New-to-Bank Promotional Pricing promotion (“Promotion”) is only available to Business Banking customers of Standard Chartered Bank (Singapore) Limited (the “Bank”) from 1 January 2019 to 31 March 2019 (both dates inclusive). By participating in the Promotion, you agree to be bound by these terms.

Eligibility Criteria

  1. The Promotion is open to all business entities which are New-to-bank (“NTB”) and who have received the promotional pricing electronic Direct Mailer from the Bank’s Business Banking Relationship Manager (such NTB business entity to be hereinafter referred to as an “Eligible Customer”). A NTB customer is an entity that has no existing relationship with the Bank in the last 6 months.
  1. NTB Business entities must first successfully open an SGD or USD Business$aver / BusinessOne account and place the minimum initial deposit (as prescribed by the Bank from time to time) into the SGD or USD Business$aver / BusinessOne account.
  1. The Bank will determine, in its sole discretion, whether a business entity qualifies or meets the criteria in Clause 3 above. All decisions of the Bank shall be final and binding in all respects and no correspondence will be entertained.

Telegraphic Transfers (“TT”)

  1. Each Eligible Customer is entitled to the TT promotional pricing (“TT Promotional Pricing”) as set out below:
Type of Telegraphic Transfer Handling Commission Commission in Lieu of Exchange
Singapore Dollar TT SGD10 Waived
Foreign Currency TT USD10 Waived
  1. TT must be performed via the Bank’s Business Banking online platform, Straight2Bank (“S2B”), for each Eligible Customer to enjoy the TT Promotional Pricing. The TT Promotional Pricing is valid from the date of account opening by each Eligible Customer to the last day of the Relevant Month (such period to be hereinafter referred to as the “TT Relevant Period”). “Relevant Month” refers to the calendar month which is 5 months from the month of account opening by each Eligible Customer. As an illustration, if an Eligible Customer opens its account on 1 January 2019, the Eligible Customer will enjoy the TT Promotion Pricing for all its TT performed via S2B during the period from 1 January 2019 to 30 June 2019. As an illustration, if an Eligible Customer opens its account on 31 January 2019, the Eligible Customer will enjoy the TT Promotion Pricing for all its TT performed via S2B during the period from 31 January 2019 to 30 June 2019.
  1. The Bank’s standard fees and charges will be applicable to each TT after the TT Relevant Period. Please refer to https://av.sc.com/sg/content/docs/sg-scb-business-banking-pricing-guide-dl-ec29-nc-link.pdf for the Bank’s standard fees and charges.

General

  1. The Promotion is not valid with other offers, privileges or promotions unless otherwise stated.
  1. The Bank may vary, modify, add, delete or otherwise revise any of the terms and conditions governing the Promotion or to terminate, withdraw, suspend, extend or shorten the Promotion at any time in the Bank’s sole discretion, with or without prior notice or reason. You understand and agree to be bound by any such variation.
  1. The Bank reserves the right to determine in its sole and absolute discretion all matters arising out of or about the Promotion, including your eligibility for the Promotion. The Bank’s determination of all matters relating to this Promotion shall be final and conclusive and no correspondence will be entertained (and the Bank shall not be obliged to disclose its reasons).
  1. The Promotion Terms and Conditions are to be read in conjunction with our existing terms and conditions governing the relevant Business Banking products and services referred to in the Promotion, the General Business Banking Terms and Conditions and relevant Country Supplements (collectively, the “Other Terms”). If there is any inconsistency between these terms and the Other Terms, these terms prevail only to the extent of such inconsistency.
  1. A person who is not a party to these terms and conditions has no right under the Contracts (Rights of Third Parties) Act (Cap. 53B) to enforce any of the terms and conditions.
  1. These terms and conditions are governed by and shall be construed in accordance with the laws of the Republic of Singapore and you agree to submit to the exclusive jurisdiction of the courts of the Republic of Singapore.
  1. All information is correct at the time of publishing.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.