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Standard Chartered Bank (Singapore) Limited Business Banking Foreign Exchange (“FX”) Member-Get-Member Programme

Terms and Conditions


  1. This Business Banking FX Member-Get-Member Programme (the “Programme”) is available from 01 October 2018 to 31 March 2019 (“Campaign Period”) (both dates inclusive). This Programme Terms & Conditions are to be read in conjunction with the Business Banking FX Cashback Programme (“FX Cashback Programme”) Terms & Conditions.
  1. The Programme is open to Business entities that are existing-to-bank (“ETB”) Business Banking (“BB”) clients of Standard Chartered Bank (Singapore) Limited (“SCB” or “Bank”) that hold an active account or accounts with SCB, and which successfully refer business entities that fulfil the Participation Criteria below to FX products offered by the Bank. (“Referrers”). By participating in this Programme, Referrers agree to be bound by these terms.
  1. For the purpose of clause 2 above, “active account or accounts” means any SCB account or accounts that has/have not been suspended, cancelled or terminated for any reason.
  1. SCB will determine, in its sole discretion, whether a particular Referrer qualifies or meets the criteria in clause 2 above and all decisions of SCB shall be final and binding in all respects.


  1. To participate in this Programme and qualify as a “Successful Referral”:
    1. The Referrer may refer the Bank’s FX Cashback Programme to business entities who may be interested in participating in the FX Cashback Programme
    2. Business entities which have been referred to the Bank’s FX Cashback Programme by a Referrer (“Referees”) must provide SCB with full and accurate particulars of the relevant Referrer and other information required by the Bank via an online form (“Leads Form”) at sc.com/sg/bb-sgrfx. To qualify for the Programme, the said Leads Form must be submitted to the Bank by 31 March 2019. Only the first Referrer submitted by the Referee that meets the criteria of a Referrer under clause 2 will be eligible for the Reward.
    3. The Referees must not have performed any Foreign Exchange (“FX”) transaction with the Bank in the last 6 months prior to 01 October 2018 and between 01 October 2018 to the date of receipt by the Bank of the successful referral. Referees can be either ETB or new-to-bank (“NTB”).
    4. The Referees must perform accumulated FX transactions of SGD60,000 or more within the Campaign Period via either the Bank’s online platform or the Bank’s Treasury Services before 31 May 2019.
    5. For new-to-bank (“NTB”) Referees, Referees must first successfully open a new SCB Business Banking account with SCB.
    6. The Referee must execute an acknowledgment slip which expressly states that it was referred to the Bank by the Referrer and that the Referrer may receive a Reward (defined below) from us for the referral as determined by the Bank under Clause 4 above.
  1. A NTB client is defined as a Business entity that starts a relationship with the Bank during the Promotion Period.


  1. Referrers who successfully participate in this Programme in accordance with the clauses above will receive S$50 cash credit into their ETB corporate account with SCB (“Reward”) for each Successful Referral. There is no limit to the number of Rewards that may be received by each Referrer.


  1. A Referrer will not be entitled to receive the Reward if:
    1. The Referee:
      1. is the Referrer; or
      2. has performed any FX transaction with the Bank in the last 6 months prior to 01 October 2018 and between 01 October 2018 to the date of receipt by the Bank of the successful referral

    We will contact Referrers who have made Successful Referral(s) based on their records and contact details maintained with us, to inform them of the Rewards which they are entitled to receive.

  1. Each Referee may only nominate one Referrer in the Leads Form. Only one Referrer per Referee will be eligible for the Reward.
  1. We reserve the right to determine at our sole and absolute discretion whether a Referrer has met all the requirements to participate in this Programme. We will not disclose the reason for not granting the Reward to the Referrer.
  1. A referral will not be considered successful when the referral is made by an employee of the Bank or its affiliated company in his/her capacity as an employee of the Bank or the relevant affiliated company and where the referral of such Referral forms part of the duties of such an employee.
  1. We may at any time vary, modify, add or delete any of the terms and conditions governing the Programme, including terminating or withdrawing the Programme and/or substituting the Rewards with any item of equivalent or similar value, without prior notice or reason.
  1. Our decision in all matters arising out of or in connection with this Programme is final and conclusive and no correspondence will be entertained.
  1. The SCB FX Member-Get-Member Programme 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 this Programme, the General Business Banking Terms and Conditions and relevant Country Supplements (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$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.