1. A separate Credit Card Funds Transfer account will be created upon cheque clearance. This is a separate account from your credit card account(s).

2. Payment must be made individually to the different accounts that you hold with us. Payment made into another account or any credit balance in another account will not be automatically transferred into the Credit Card Funds Transfer account to settle any outstanding amounts.

3. If payments are not received by the due date for any account(s), your Credit Card Funds Transfer account(s) will be charged a late payment fee of S$80 (per account). The EIR applicable on your Credit Card Funds Transfer account(s) will be adjusted to 28% per annum if the minimum payment due is not received in full by the next Statement Date on your Credit Card Funds Transfer account(s), and finance charges will apply if payment is not received by the due date. If you have only missed one payment, it will be reinstated to the prevailing EIR once minimum payment due is made in full. If however your account has been twice or more past due on a consecutive basis, the EIR will only revert to 25.9% per annum once minimum payment due for the relevant consecutive months where your account was past due is made in full.

4. For ease of payment, you may arrange to pay your relevant bill via GIRO. To pay via GIRO, download a “Card GIRO (Credit Card / Credit Card Funds Transfer / SteadyPay) Application Form” from our website at sc.com/sg/help-centre/form-centre.html. Please continue to make payment via other payment channels until the GIRO arrangement for payment of your relevant bill has been successfully set-up.

5. The Credit Card Funds Transfer promotional interest rate of 0% p.a. is valid for six months from the date of cheque clearance. After the expiry of the promotional interest rate, the prevailing interest rate of your credit card will be charged on the outstanding balance that remains in the Credit Card Funds Transfer account.

6. Please keep a copy of this important document for your reference. No further informative documents (with the exception of your statements) will be sent to you with regards to your Credit Card Funds Transfer account. For latest important information and updates on Credit Card Funds Transfer, please visit our website at sc.com/sg/ccft.

Terms and conditions

1. You understand and agree that by depositing the cheque provided in the mailer (“Cheque”), you are applying for a transfer of funds from the credit card account indicated in the mailer (“Credit Card Account”) to another bank account, and you agree to be bound by these terms and conditions (“Terms”) and the terms referred below.

2. You may deposit the Cheque into any SGD bank account of your choice in Singapore (except to another Standard Chartered Credit Card, Personal Credit or Loan Account) at any time prior to the expiry date indicated on the Cheque. A Cheque received after the expiry date will be declined.

3. A one-time non-refundable 1% processing fee on the amount indicated on the Cheque (“Cheque Amount”) will be chargeable upon clearance of the Cheque.

4. The cashback amount equivalent to the processing fee (as stated in clause 3 above) will be credited to your approved Credit Card Funds Transfer account within 60 working days.

5. The Effective Interest Rate (EIR) is calculated taking into consideration the processing fee and based on the assumption that full repayment is made within the six months promotional period with minimum monthly payments of 1% of principal plus interest, fees, charges in the first five months and full payment on the sixth month.

6. The Bank reserves the right in its sole and absolute discretion to decline the Cheque for payment without providing any reason.

7. The Cheque cannot be revoked or cancelled by you once you deposit it into an account of your choice without the prior written approval of the Bank. The Cheque can only be issued by you as the Principal Cardholder only. Any alteration to the details printed on the cheque (e.g. name and amount) will render the Cheque void.

8. Clearance of the Cheque is subject to your Credit Card account (a) being in good standing as may be determined by the Bank in its absolute discretion and (b) having sufficient available credit limit at point of depositing the Cheque. Should the Cheque Amount exceed 95% of your permanent combined credit limit of all your Standard Chartered credit cards at point of depositing the Cheque, the Cheque will be declined.

9. A Credit Card Funds Transfer account in your Standard Chartered Credit Card account will be created once your Cheque is cleared. The amount printed on the cheque will be debited from this Credit Card Funds Transfer account and treated in the same way as a charge arising from a normal credit card transaction and will be reflected in the statement issued for the Credit Card Funds Transfer account. You must pay the monthly minimum payment indicated in your monthly credit card statement for the Credit Card Funds Transfer account and other accounts (if there are transactions and/or outstanding balances) to prevent incurring additional fees and charges.

10. The promotional interest rate of 0% p.a. is valid for six months from the Cheque clearance date, after which the prevailing interest rate chargeable for your credit card account will apply. Interest is subject to compounding if it is not paid in full. The promotional interest rate is applicable only to the Cheque Amount and not to existing outstanding balance, fees and charges associated with any funds/balance transfer, other card transactions, cash advance transactions and other funds/balance transfers.

11. If you and/or your supplementary cardholder defaults on any payment in respect of your credit card accounts or any other credit facilities from the Bank during the promotional period of this Credit Card Funds Transfer (as indicated in clause 10) or for other reasons which the Bank deems appropriate at its sole discretion, a late payment interest of 28% p.a. will be charged to all accounts. The bank shall also be entitled to withdraw the promotional interest rate and charge applicable finance charges and/or late payment charges at such rate as we may determine.

12. This Credit Card Funds Transfer and any fees or charges charged in connection with this Credit Card Funds Transfer will not earn 360° Rewards Points and CashBack.

13. You will continue to observe your payment obligations for your other bank accounts. You shall be liable for any interest, overdue payment, other finance charges or other fees, costs, charges and damages incurred whatsoever as a result of your failure or delay in meeting such payment obligations. For the avoidance of doubt, the Bank shall not be liable for any of such finance charges or other fees, costs, charges and damages incurred thereby.

14. The Bank may at anytime vary, modify, and or delete any of these Terms, including terminating or withdrawing this offer, without prior notice or reason at its discretion provided that such discretion will not be exercised for an improper purpose.

15. The Bank’s decision in all matters relating to this Funds Transfer shall be final and binding on you. No correspondence will be entertained.

16. These Terms are to be read in conjunction with our Customer Terms, Credit Card Terms and Credit Card Funds Transfer Programme Product Terms (“Other Terms”). If there is any inconsistency between the Other Terms and these Terms, these Terms prevail only to the extent of such inconsistency.