Exclusive Promotion

1. This e$aver Limited time Sign-up Cashback (August 2023) Promotion (the “Promotion“) is available from 14 August 2023 to 31 August 2023 (both dates inclusive) (the “Promotion Period“). By participating in this Promotion, you agree to be bound by these terms and conditions.

2. This Promotion is open to New Customers (as defined in Clause 3 below) of Standard Chartered Bank (Singapore) Limited (“Standard Chartered” or the “Bank“), who have received communication via any mode as determined by the Bank during the Promotion Period, notifying them of the Promotion and inviting them to participate in the Promotion, subject to these terms (such communication to be referred to as the “Invitation Notice”). For the avoidance of doubt, the Invitation Notice is non-transferable and only New Customers who have received the Invitation Notice from the Bank are eligible for this Promotion.
3. For the purpose of this Promotion:
   1. “New Customer” refers to an individual who opens at least one current/cheque account(s), and/or savings account(s) and/or time deposit(s) (“Deposits Relationship“) as the primary account holder, with the Bank during the Promotion Period, but does not include an individual who maintains or had maintained a Deposits Relationship as the primary account holder with the Bank within the past twelve (12) months from the date of commencement of the Promotion Period;
   2. “Fresh Funds” means funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within 30 days of the Promotion Period.

Eligibility

1. To qualify for this Promotion:
   1. you must successfully open a new e$aver account during the Promotion Period, of which you are the primary account holder (the aforementioned account to be referred to as an “Eligible Account“);
   2. you must deposit Fresh Funds of minimum S$20,000 (“Minimum Deposit“) into your Eligible Account by 31 August 2023;
   3. you must maintain the Minimum Deposit in your Eligible Account until 31 October 2023; and
   4. your Eligible Account must be validly existing (i.e. must not be suspended, cancelled or terminated), in good standing, and conducted in a proper and satisfactory manner at all times, as determined by the Bank in its sole and absolute discretion.

For the purposes of this Promotion, where the above requirements are satisfied, your Eligible Account shall hereinafter be referred to as “Qualifying Account“.

e$aver Sign-up Cashback

5. If you satisfy the qualifying criteria in Clause 4 above, you will receive a cash gift of S$50 (“Sign-up Cashback”).

6. The Sign-up Cashback shall be credited to your Qualifying Account by the last day of the following month (the “Sign-Up Cashback Crediting Date“), provided that your Qualifying Account remains valid and in good standing as at the Sign-up Cashback Crediting Date.

7. The Sign-up Cashback is limited to the first 500 New Customers who have satisfied the qualifying criteria set out in Clause 4 above, on a first-come, first-served basis. The Bank shall have the sole and absolute discretion to determine whether you are eligible for the Sign-up Cashback.

8. In the event the Bank has determined that you are not eligible to receive the Sign-up Cashback or to participate in the Promotion, or where the Bank has knowledge of subsequent events which would mean that you would not have been entitled to receive the Sign-up Cashback, the Bank reserves the right to claw back the Sign-up Cashback or to deduct its value (or such other amount as it deems fit) from your account(s) with the Bank.

General

9. Safe for the e$aver Bonus Interest (1 August 2023 to 30 September 2023) Promotion, this Promotion is not valid with any other e$aver promotions, offers, discounts, rebates, vouchers or privileges.
10. Please refer to the Bank’s Pricing Guide for any applicable fees and charges, or visit the Bank’s website for more information on e$aver, including the latest terms and conditions applicable to the Promotion.
11. The Bank may at any time vary, modify, add or delete any of the terms and conditions governing the Promotion and all applicable interest rates and to terminate, withdraw, suspend, extend or shorten the Promotion, without prior notice or reason.
12. The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with the Promotion, including your eligibility for the Promotion and/or the amount of interest that you are entitled to receive. The Bank’s decision in all matters arising out of or in connection with the Promotion is final and conclusive and no correspondence will be entertained.
13. These e$aver Limited time Sign-up Cashback (August 2023) Promotion Terms and Conditions are to be read in conjunction with the e$aver Bonus Interest (1 August 2023 to 30 September 2023) Promotion Terms and Condition, the Bank’s Customer Terms, the Current/Cheque/Savings Account and Time Deposit Terms and e$aver Account Product Terms (collectively, “Other Terms“). If there is any inconsistency between these terms and the Other Terms, these terms will prevail only to the extent of such inconsistency.
14. A person who is not a party to these terms shall have no right under the Contracts (Rights of Third Parties) Act 2001 to enforce these terms.
15. These terms and conditions are governed and construed in accordance with the laws of Singapore. Any dispute arising out of these terms and conditions shall be referred to the exclusive jurisdiction of the Courts of Singapore.
16. All information is accurate at the time of publication.

#esav-sp23

e$aver Bonus Interest (1 August 2023 to 30 September 2023) Promotion Terms and Conditions

1. This e$aver Bonus Interest (1 August 2023 to 30 September 2023) Promotion (“Promotion“) is available from 1 August 2023 to 30 September 2023 (both dates inclusive) (“Promotion Period“) and is open to all account holders of existing and newly opened e$aver, e$aver Kids! and World Partner Savings account(s) (“Qualifying Account(s)“) with Standard Chartered Bank (Singapore) Limited (“Standard Chartered” or the “Bank“). By participating in this Promotion, you agree to be bound by these terms.

Eligibility

2. To qualify for this Promotion:
   1. you must have a Qualifying Account(s) with the Bank;
   2. you must deposit fresh funds into your Qualifying Account(s) during the Promotion Period. For the purposes of these terms and conditions, “fresh funds” are funds that do not originate from any existing account with the Bank or funds that are not withdrawn and re-deposited within 30 days of the Promotion Period; and
   3. your Qualifying Account(s) must be validly existing (i.e. must not be suspended, cancelled or terminated), in good standing, and conducted in a proper and satisfactory manner at all times, including the time of crediting of any Bonus Interest (as defined in Clause 4 below) to your Qualifying Account(s), as determined by the Bank in its sole and absolute discretion.

Prevailing and Bonus Interest Rates

3. During the Promotion Period, you will be eligible to receive prevailing interest (“Prevailing Interest“) on your entire deposit balance in the Qualifying Account(s), at the prevailing interest rate reflected in the table below.

4. If you satisfy the qualifying criteria stipulated in these terms, you will also earn bonus interest of 3.35% p.a. (“Bonus Interest“) on your Incremental Balance (as defined in Clause 6 below) during the Promotion Period, provided always that the Incremental Balance eligible for Bonus Interest shall be subject to a cap of S$2,000,000 per Qualifying Account(s). Any amount of Incremental Balance exceeding S$2,000,000 per Qualifying Account(s) shall earn the Prevailing Interest only.
5. The average daily balance (“ADB“) in your Qualifying Account(s) is used to determine the amount of Bonus Interest earned on your eligible Incremental Balance. ADB is the sum of end-of-day account balances of all days in a particular calendar month, divided by the number of days in that month, where “end-of-day account balances” means account balances as of 2359 hours of each day:
   1. If there are n days in a calendar month and X₁, X₂, X₃, …, X_n are the end-of-day account balances from Day 1 to Day n respectively, the ADB for the account will be:X₁ + X₂ + X₃ +… + X_n /   n
   2. For example, if (i) there are 31 days in August 2023, (ii) the end-of-day account balance on each day between 1 August 2023 and 15 August 2023 is S$0, and (iii) the end-of day account balance on each day between 16 August 2023 and 31 August 2023 is S$1,000, the ADB for the account will be:                                                     (S$0 x 15) + (S$1,000 x 16) / 31   =        S$516.13
6. If the ADB in the Qualifying Account(s) for any calendar month during the Promotion Period:
   1. is higher than the ADB for July 2023 (“Comparison Month“), you will earn Bonus Interest on the difference between the ADBs for those 2 months (“Incremental Balance“); and
   2. is either equal to or lower than the ADB for the Comparison Month, you will not earn any Bonus Interest.
7. In respect of Qualifying Account(s) newly opened during the Promotion Period, the Incremental Balance would refer to the ADB in the said Qualifying Account(s).
8. For the avoidance of doubt, any deposit, withdrawal or otherwise transaction in relation to your Qualifying Account(s) that takes place on the last day of a calendar month, falling on either a Sunday, a public holiday or a bank holiday, will not be taken into consideration for the purposes of the Bank’s computation of ADB and crediting of Bonus Interest.
9. After the Promotion Period, you will cease to earn any Bonus Interest, but you will continue to earn the Prevailing Interest on the entire deposit balance in your Qualifying Account(s).
10. For illustration purposes, please refer to the table below:

*Prevailing Interest is calculated based on the entire deposit balance in your Qualifying Account(s) at the end of each day. The above illustration is presented based on the assumption that the end-of-day deposit balance in your Qualifying Account(s) for each day in that month is the same.

General 

11. Unless otherwise stated, this Promotion is not valid with other offers, discounts, rebates, vouchers, privileges or promotions.
12. Please refer to the Bank’s Pricing Guide for any applicable fees and charges, or visit the Bank’s public website for more information on e$aver, including the latest terms and conditions applicable to the Promotion.
13. Bonus Interest will be calculated at the end of the calendar month and credited by the 7^th working day of the next calendar month, unless otherwise notified to you from time to time.
14. The Bank may at any time vary, modify, add or delete any of the terms and conditions governing the Promotion and all applicable interest rates and to terminate, withdraw, extend or shorten the Promotion, without prior notice or reason.
15. The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with the Promotion, including your eligibility for the Promotion and/or the amount of interest that you are entitled to receive.  The Bank’s decision in all matters arising out of or in connection with the Promotion is final and conclusive and no correspondence will be entertained.
16. These e$aver Bonus Interest (1 August 2023 to 30 September 2023) Promotion Terms and Conditions are to be read in conjunction with the Bank’s Customer Terms, the Current/Cheque/Savings Account and Time Deposit Terms, e$aver Account Product Terms and e$aver Kids! Account Product Terms (“Other Terms“). If there is any inconsistency between these terms and the Other Terms, these terms will prevail only to the extent of such inconsistency.
17. A person who is not a party to these terms shall have no right under the Contracts (Rights of Third Parties) Act 2001 to enforce these terms.
18. These terms and conditions are governed and construed in accordance with the laws of Singapore. Any dispute arising out of these terms and conditions shall be referred to the exclusive jurisdiction of the Courts of Singapore.
19. All information is accurate at the time of publication.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.