1. This SC Remit 2023 Cashback Promotion (“Promotion“) is available from 1 November 2023 to 31 December 2023 (both dates inclusive) (“Promotion Period“). By participating in this Promotion, you agree to be bound by these terms.

2. This Promotion is open to New or Existing Customers (as defined in Clause 3) of Standard Chartered Bank (Singapore) Limited (“Standard Chartered” or the “Bank“).

3. For the purpose of this Promotion:

(a) “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;

(b) “Existing Customer” refers to an individual who has maintained a Deposits Relationship with the Bank prior to start of the Promotion Period;

(c) “Valid and in good standing” means, in relation to the savings/cheque/current account to be credited with Reward under this Promotion;

(i) the account must not be suspended, cancelled, terminated or closed for any reason

(ii) the account is not delinquent or unsatisfactorily conducted for any reason; and

(iii) you have not breached any term of our banking agreement.

(d) “International Transfer” refers to an international transfer made from the Bank to another bank account in another country initiated online with SC Mobile app or SC Online Banking.

Eligibility

4. To qualify for this Promotion as an Eligible Customer:

a. you must not have made any International Transfer transactions to the Destination Markets at least 6 months prior to start of the Promotion Period; and

b. you must, during the Promotion Period, make a International Transfer of a minimum amount of SGD 1,500 or USD 1,000 in a single transaction to the Destination Markets in the corresponding currency pairs below (each a “Qualifying Remittance”);

Cash Reward

5. Each Eligible Customer will receive a reward of SGD 20 or USD 15 (“Reward”) based on the Send currency for performing a Qualifying Remittance. For the avoidance of doubt, an Eligible Customer is only entitled to one (1) Reward, regardless of the number of Qualifying Remittances performed.

Crediting of Reward

6. Each Reward will be issued as credit in the value of the Reward into any of the Eligible Customer’s Singapore Dollar or US Dollar denominated current/cheque account/savings accounts (as the case may be) with the Bank, as determined by the Bank in its sole and absolute discretion. The Reward will be credited to the relevant Singapore Dollar or US Dollar account by 29 February 2024, subject to such account being valid and in good standing. The Reward will be forfeited if any of the Eligible Customer’s account(s) with the Bank are suspended, closed or the Eligible Customer is in breach of our banking agreement.

7. For the avoidance of doubt, if an Eligible Customer ceases to maintain a minimum of one (1) Singapore Dollar or US Dollar denominated current/cheque/savings account with the Bank prior to receiving the Reward, the Eligible Customer will be considered as disqualified from this Promotion and the Reward will be forfeited.

8. The Bank reserves the right to:

(a) decline to pay the Reward, or cancel payment of the Reward, or deduct from any of the Eligible Customer’s account(s) with the Bank (without notice to the Eligible Customer the value of any Reward paid under this Promotion), if the Bank determines that any of the requirements or the terms of our banking agreement had not been complied with, including but not limited to the following:

(i) where the Eligible Customer has acted fraudulently or dishonestly; or

(ii) where the Eligible Customer has conducted himself/herself in bad faith or otherwise in an inappropriate manner to gain an unfair advantage against the Bank.

9. 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 eligibility for the Reward and the amount of the Reward an Eligible Customer is entitled to receive. The Bank’s determination of all matters relating to this Promotion shall be final and conclusive and no correspondence will be entertained.

General

11. Unless otherwise stated, this Promotion is not valid with other offers, discounts, rebates, vouchers, privileges, or promotions.

12. 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.

13. 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.

14. These 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 and Remittance Service 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.

15. 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.

16. 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.

17. 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.