Enjoy up to 0.33% - OCBC Wing Hang Bank · remittance, local electronic transfer, cheque or cash...
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OCBC Wing Hang Smart Account Enjoy up to for Savings Deposit. You know what to choose. 0.33% p.a. * ^ OCBC Wing Hang Smart Account gives your savings rate a spike in a hassle-free way and keep your fund flexible while awaiting market opportunities! Smart choice! New-to-Bank Customers who successfully open a Smart Account during the promotion period, and (i) deposit monthly salary or set up a Direct Debit Authorization transferring in designated amount to that account every month; and (ii) fulfill the daily HKD deposit balance requirement during the specified period can enjoy up to 0.33% p.a. HKD savings rate*^. How it works* For details, please refer to the relevant Specific Terms and Conditions and General Terms and Conditions. * The savings rate is inclusive of the HKD Basic Savings Rate of 0.25%p.a. ^ The maximum amount of deposit balance applicable to the calculation of the interest of the relevant extra HKD savings rate in this promotion is HKD3,000,000. Act now! Visit any of our branches to open a Smart Account and enjoy HKD savings rate up to 0.33%p.a.*^ 2815 9919 HK$35,000 or above HK$300,000 or above 0.33% *^ Deposit/transfer of designated amount in a single transaction every month by depositing monthly salary or setting up a Direct Debit Authorization Daily HKD deposit balance to be maintained in the Designated Account Smart Account HKD Savings Rate (p.a.) Follow us on Facebook Specific Terms & Conditions 1. Eligibility A. Subject to the Specific and General Terms and Conditions herein, a “New-to-Bank Customer” (as defined in Clause 1C of the Specific Terms and Conditions) who fulfills the requirements as set out in Clause 1A(i) to (ii) of the Specific Terms and Conditions (“Eligible Customers”) may enjoy up to 0.33%p.a. HKD savings rate as specified in Clause 2A of the Specific Terms and Conditions for the deposit balance in the Designated Account (as defined in Clause 1D of the Specific Terms and Conditions) on the Relevant Day (as defined in Clause 2B of the Specific Terms and Conditions) during the Specified Period (as defined in Clause 1 of the General Terms and Conditions below): i. New-to-Bank Customer must open an OCBC Wing Hang Smart Account successfully via any branch of OCBC Wing Hang Bank Limited (the “Bank”) during the Promotion Period (as defined in Clause 2 of the “General Terms and Conditions” below) and maintain the OCBC Wing Hang Smart Account during the Specified Period; and ii. New-to-Bank Customer must fulfill any one of the following requirements of Regular Cash Inflow (“Regular Cash Inflow Requirement”): (a) Submit a duly completed and signed Direct Debit Authorization Form to the Bank at the time of the opening of his or her OCBC Wing Hang Smart Account to authorize the transfer of an amount which fulfills the “Designated Hong Kong Dollar Requirement” as specified below in one single transaction in every calendar month during the Specified Period, subject to the Bank’s record, into his / her Designated Account from any deposit account in his/ her sole name maintained with other banks; or (b) Deposit a salary the amount of which fulfills the “Designated Hong Kong Dollar Requirement” into the Designated Account in every calendar month during the Specified Period via the “electronic payroll arrangement” (in one single transaction, subject to the Bank’s record). “Electronic payroll arrangement” refers to the customer's employer crediting the customer's salary to the Designated Account through the banks’ payroll system. Standing instruction, overseas remittance, local electronic transfer, cheque or cash deposit will not be considered as “electronic payroll arrangement”. “Designated Hong Kong Dollar Requirement” refers to HK$35,000 or above. B. This promotion is not applicable to any customer of an OCBC Wing Hang Smart Account of a New-to-Bank Customer who is in joint names with others. C. “New-to-Bank Customer” refers to a personal customer who has not opened or maintained any deposit account with the Bank (whether in his/her sole name or jointly with any third party) at any time during the twelve (12) months immediately preceding the account opening date of the OCBC Wing Hang Smart Account. D. “Designated Account” refers to the Hong Kong Dollar (“HKD”) statement savings account of the Eligible Customer’s OCBC Wing Hang Smart Account maintained with the Bank and agreed by the Bank to be so designated. 2. A Up to 0.33%p.a. HKD savings rate Subject to the Maximum Deposit Balance Requirement (as defined in Clause 4 of the Specific Terms and Conditions below), an Eligible Customer can enjoy the respective Extra Savings Rate as specified in the forth column of the table below for the deposit balance in his / her Designated Account on the Relevant Day by successfully maintaining a daily HKD deposit balance as specified in the second column of the table below in the Designated Account (“Deposit Balance Requirement”). Together with the Basic Savings Rate, the Eligible Customer can enjoy up to 0.33% p.a. HKD savings rate. Regular Cash Inflow Deposit Balance Basic Savings Rate (p.a.) Extra Savings Rate* (p.a.) Smart Account Requirement Requirement (A) (B) HKD Savings Rate (p.a.) (A) + (B) HK$35,000 or above HK$300,000 or above 0.25% 0.08% 0.33% * If the daily HKD deposit balance of Eligible Customer’s Designated Account does not fulfill the Deposit Balance Requirement, the Extra Savings Rate will not be applicable on the same day. B. “Relevant Day” refers to a day within the Specified Period on which the requirements as set out in Clause 1A(i) to (ii) and 2(A) have been fulfilled. 3. For the avoidance of any doubt, the Bank reserves its right to make the final decision on the determination of fulfilling the Regular Cash Inflow Requirement and Deposit Balance Requirement for entitlement to the Extra Savings Rate at its sole and absolute discretion without giving any reasons therefor. 4. The calculation of the Extra Savings Rate on any day within the Specified Period is applicable to a maximum deposit balance of HKD3,000,000 in the Designated Account (“Maximum Deposit Balance Requirement”). 5. Eligible Customers will not enjoy any of the aforementioned OCBC Wing Hang Smart Account privileges in conjunction with any other extra savings rate offers of the Bank. For the avoidance of any doubt, the Bank reserves its right not to offer the OCBC Wing Hang Smart Account Extra Savings Rate to any Eligible Customer and to make final decision on the determination of the applicable Extra Savings Rate and/or the Eligible Customer’s eligibility for and entitlement to the Extra Savings Rate, having regard to the transaction activity of relevant account(s) of the Eligible Customer including but not limited to the net growth in the deposit balance in the Designated Account, at its sole and absolute discretion without giving any reason therefor. 6. The interest of the Extra Savings Rate (if any) can start to be accrued from the account opening date of the OCBC Wing Hang Smart Account. Subject to the fulfilment of the relevant requirements in the Extra Savings Rate and the record of the Bank in the respective calendar month, the interest of the relevant Extra Savings Rate will be calculated according to the daily deposit balance (subject to the Maximum Deposit Balance Requirement as defined in Clause 4 of the Specific Terms and Conditions) in the Designated Account and accrued on a daily basis. The interest of the Extra Savings Rate will be credited to the Designated Account of the Eligible Customer in the subsequent calendar month. 7. For any transactions that are subsequently cancelled, voided or reversed, relevant adjustments will be made for the calculation of the interest under the Extra Savings Rates within the respective calendar month. In the event that adjustments are not made, the Bank reserves the right to claw back the amount of interest of the Extra Savings Rate credited into the Eligible Customer’s Designated Account without any prior notice or giving any reason therefor. 8. If the OCBC Wing Hang Smart Account shall have been terminated or closed for any reason whatsoever before the Bank’s crediting of the interest calculated under the Extra Savings Rate into the Designated Account, the Eligible Customer shall be conclusively deemed to have irrevocably and unconditionally waived all his or her outstanding and future right and entitlement to the Extra Savings Rate. 9. The Bank’s HKD Basic Savings Rate (if any) will be applicable to the Designated Account and it shall apply in accordance with and subject to the terms and conditions of the Bank’s Terms & Conditions for all Accounts and Related Services (“T&Cs AA&RS”) (as may be revised from time to time at the Bank’s sole and absolute discretion). The Bank’s T&Cs AA&RS is available at the branches of the Bank or the Bank’s website (www.ocbcwhhk.com/webpages/en-us/doc/download_form/pdf/FF55.pdf). 10. The Bank’s HKD Basic Savings Rate is subject to revision in the light of the prevailing market condition. The HKD Basic Savings Rate and Extra Savings Rate are not guaranteed and the Bank reserves the right to revise the HKD Basic Savings Rate and Extra Savings Rate at any time and from time to time for any reason without any prior notice or giving any reason therefor. 11. OCBC Wing Hang Smart Account is a type of integrated account maintained with the Bank subject to the Bank’s T&Cs AA&RS. General Terms and Conditions 1. “Specified Period” means from the account opening date of the OCBC Wing Hang Smart Account of an Eligible Customer to 31 October 2021, both days inclusive. 2. “Promotion Period” means from 7 August 2020 to 31 October 2020, both days inclusive. 3. The aforementioned privileges are only applicable to new personal customers of the Bank, excluding new personal customers in joint names with others. 4. The aforementioned privileges are subject to the Specific and/or General Terms and Conditions herein. Eligible Customers cannot enjoy any of the aforementioned privileges in conjunction with any other promotion offers of the Bank. For the avoidance of any doubt, the Bank reserves its right not to offer any or all of the above privileges at its sole and absolute discretion without giving any reason therefor. 5. The Bank has the right to suspend, amend, vary and / or terminate all or any of the above privileges and / or the Specific and / or General Terms and Conditions herein or any part thereof from time to time and at any time. The Bank’s decision and interpretation on all matters and / or disputes concerning or arising from any of the above privileges and / or the Specific and / or General Terms and Conditions herein or any part thereof (including without limitation all or any definitions herein) shall be final, conclusive and binding on all customers. 6. All aforementioned deposit product, savings account and all other products and services are subject to the terms and conditions of the relevant account opening documentation and all other terms and conditions applicable to them respectively. 7. If there is any discrepancy between the English and the Chinese versions hereof, the English version shall prevail. Important note Customers should read and understand the Specific and General Terms and Conditions hereinbelow applicable to the OCBC Wing Hang Smart Account in detail prior to using any services or effecting any transactions related to OCBC Wing Hang Smart Account. Customers shall be bound by these Specific and General Terms and Conditions upon using any services or effecting any transactions related to OCBC Wing Hang Smart Account.
Transcript of Enjoy up to 0.33% - OCBC Wing Hang Bank · remittance, local electronic transfer, cheque or cash...
OCBC Wing Hang Smart Account
Enjoy up to
for Savings Deposit.You know what to choose.
0.33%p.a.*^
OCBC Wing Hang Smart Account gives your savings rate a spike in a hassle-free way and keep your fund �exible while awaiting market opportunities! Smart choice!
New-to-Bank Customers who successfully open a Smart Account during the promotion period, and (i) deposit monthly salary or set up a Direct Debit Authorization transferring in designated amount to that account every month; and (ii) ful�ll the daily HKD deposit balance requirement during the speci�ed period can enjoy up to 0.33% p.a. HKD savings rate*^.
How it works*
For details, please refer to the relevant Speci�c Terms and Conditions and General Terms and Conditions.* The savings rate is inclusive of the HKD Basic Savings Rate of 0.25%p.a.^ The maximum amount of deposit balance applicable to the calculation of the interest of the relevant extra HKD savings rate in this promotion is HKD3,000,000.
Act now! Visit any of our branches to open a Smart Account and enjoy HKD savings rate up to 0.33%p.a.*^
2815 9919
HK$35,000 or above HK$300,000 or above 0.33%*^
Deposit/transfer of designated amount in a single transaction every month by
depositing monthly salary or setting up a Direct Debit Authorization
Daily HKD depositbalance to be
maintained in theDesignated Account
Smart Account HKD Savings Rate
(p.a.)
Follow us on
Speci�c Terms & Conditions1. Eligibility A. Subject to the Speci�c and General Terms and Conditions herein, a “New-to-Bank Customer” (as de�ned in Clause 1C of the Speci�c Terms and Conditions) who ful�lls the
requirements as set out in Clause 1A(i) to (ii) of the Speci�c Terms and Conditions (“Eligible Customers”) may enjoy up to 0.33%p.a. HKD savings rate as speci�ed in Clause 2A of the Speci�c Terms and Conditions for the deposit balance in the Designated Account (as de�ned in Clause 1D of the Speci�c Terms and Conditions) on the Relevant Day (as de�ned in Clause 2B of the Speci�c Terms and Conditions) during the Speci�ed Period (as de�ned in Clause 1 of the General Terms and Conditions below):
i. New-to-Bank Customer must open an OCBC Wing Hang Smart Account successfully via any branch of OCBC Wing Hang Bank Limited (the “Bank”) during the Promotion Period (as de�ned in Clause 2 of the “General Terms and Conditions” below) and maintain the OCBC Wing Hang Smart Account during the Speci�ed Period; and
ii. New-to-Bank Customer must ful�ll any one of the following requirements of Regular Cash In�ow (“Regular Cash In�ow Requirement”): (a) Submit a duly completed and signed Direct Debit Authorization Form to the Bank at the time of the opening of his or her OCBC Wing Hang Smart Account to authorize
the transfer of an amount which ful�lls the “Designated Hong Kong Dollar Requirement” as speci�ed below in one single transaction in every calendar month during the Speci�ed Period, subject to the Bank’s record, into his / her Designated Account from any deposit account in his/ her sole name maintained with other banks; or
(b) Deposit a salary the amount of which ful�lls the “Designated Hong Kong Dollar Requirement” into the Designated Account in every calendar month during the Speci�ed Period via the “electronic payroll arrangement” (in one single transaction, subject to the Bank’s record). “Electronic payroll arrangement” refers to the customer's employer crediting the customer's salary to the Designated Account through the banks’ payroll system. Standing instruction, overseas remittance, local electronic transfer, cheque or cash deposit will not be considered as “electronic payroll arrangement”.
“Designated Hong Kong Dollar Requirement” refers to HK$35,000 or above. B. This promotion is not applicable to any customer of an OCBC Wing Hang Smart Account of a New-to-Bank Customer who is in joint names with others. C. “New-to-Bank Customer” refers to a personal customer who has not opened or maintained any deposit account with the Bank (whether in his/her sole name or jointly with
any third party) at any time during the twelve (12) months immediately preceding the account opening date of the OCBC Wing Hang Smart Account. D. “Designated Account” refers to the Hong Kong Dollar (“HKD”) statement savings account of the Eligible Customer’s OCBC Wing Hang Smart Account maintained with the
Bank and agreed by the Bank to be so designated.2. A Up to 0.33%p.a. HKD savings rate Subject to the Maximum Deposit Balance Requirement (as de�ned in Clause 4 of the Speci�c Terms and Conditions below), an Eligible Customer can enjoy the respective
Extra Savings Rate as speci�ed in the forth column of the table below for the deposit balance in his / her Designated Account on the Relevant Day by successfully maintaining a daily HKD deposit balance as speci�ed in the second column of the table below in the Designated Account (“Deposit Balance Requirement”). Together with the Basic Savings Rate, the Eligible Customer can enjoy up to 0.33% p.a. HKD savings rate.
Regular Cash In�ow Deposit Balance Basic Savings Rate (p.a.) Extra Savings Rate* (p.a.) Smart Account Requirement Requirement (A) (B) HKD Savings Rate (p.a.) (A) + (B)
HK$35,000 or above HK$300,000 or above 0.25% 0.08% 0.33%
* If the daily HKD deposit balance of Eligible Customer’s Designated Account does not ful�ll the Deposit Balance Requirement, the Extra Savings Rate will not be applicable on the same day.
B. “Relevant Day” refers to a day within the Speci�ed Period on which the requirements as set out in Clause 1A(i) to (ii) and 2(A) have been ful�lled.3. For the avoidance of any doubt, the Bank reserves its right to make the �nal decision on the determination of ful�lling the Regular Cash In�ow Requirement and Deposit Balance
Requirement for entitlement to the Extra Savings Rate at its sole and absolute discretion without giving any reasons therefor.4. The calculation of the Extra Savings Rate on any day within the Speci�ed Period is applicable to a maximum deposit balance of HKD3,000,000 in the Designated Account
(“Maximum Deposit Balance Requirement”).5. Eligible Customers will not enjoy any of the aforementioned OCBC Wing Hang Smart Account privileges in conjunction with any other extra savings rate o�ers of the Bank. For
the avoidance of any doubt, the Bank reserves its right not to o�er the OCBC Wing Hang Smart Account Extra Savings Rate to any Eligible Customer and to make �nal decision on the determination of the applicable Extra Savings Rate and/or the Eligible Customer’s eligibility for and entitlement to the Extra Savings Rate, having regard to the transaction activity of relevant account(s) of the Eligible Customer including but not limited to the net growth in the deposit balance in the Designated Account, at its sole and absolute discretion without giving any reason therefor.
6. The interest of the Extra Savings Rate (if any) can start to be accrued from the account opening date of the OCBC Wing Hang Smart Account. Subject to the ful�lment of the relevant requirements in the Extra Savings Rate and the record of the Bank in the respective calendar month, the interest of the relevant Extra Savings Rate will be calculated according to the daily deposit balance (subject to the Maximum Deposit Balance Requirement as de�ned in Clause 4 of the Speci�c Terms and Conditions) in the Designated Account and accrued on a daily basis. The interest of the Extra Savings Rate will be credited to the Designated Account of the Eligible Customer in the subsequent calendar month.
7. For any transactions that are subsequently cancelled, voided or reversed, relevant adjustments will be made for the calculation of the interest under the Extra Savings Rates within the respective calendar month. In the event that adjustments are not made, the Bank reserves the right to claw back the amount of interest of the Extra Savings Rate credited into the Eligible Customer’s Designated Account without any prior notice or giving any reason therefor.
8. If the OCBC Wing Hang Smart Account shall have been terminated or closed for any reason whatsoever before the Bank’s crediting of the interest calculated under the Extra Savings Rate into the Designated Account, the Eligible Customer shall be conclusively deemed to have irrevocably and unconditionally waived all his or her outstanding and future right and entitlement to the Extra Savings Rate.
9. The Bank’s HKD Basic Savings Rate (if any) will be applicable to the Designated Account and it shall apply in accordance with and subject to the terms and conditions of the Bank’s Terms & Conditions for all Accounts and Related Services (“T&Cs AA&RS”) (as may be revised from time to time at the Bank’s sole and absolute discretion). The Bank’s T&Cs AA&RS is available at the branches of the Bank or the Bank’s website (www.ocbcwhhk.com/webpages/en-us/doc/download_form/pdf/FF55.pdf).
10. The Bank’s HKD Basic Savings Rate is subject to revision in the light of the prevailing market condition. The HKD Basic Savings Rate and Extra Savings Rate are not guaranteed and the Bank reserves the right to revise the HKD Basic Savings Rate and Extra Savings Rate at any time and from time to time for any reason without any prior notice or giving any reason therefor.
11. OCBC Wing Hang Smart Account is a type of integrated account maintained with the Bank subject to the Bank’s T&Cs AA&RS.
General Terms and Conditions1. “Speci�ed Period” means from the account opening date of the OCBC Wing Hang Smart Account of an Eligible Customer to 31 October 2021, both days inclusive.2. “Promotion Period” means from 7 August 2020 to 31 October 2020, both days inclusive.3. The aforementioned privileges are only applicable to new personal customers of the Bank, excluding new personal customers in joint names with others. 4. The aforementioned privileges are subject to the Speci�c and/or General Terms and Conditions herein. Eligible Customers cannot enjoy any of the aforementioned privileges in
conjunction with any other promotion o�ers of the Bank. For the avoidance of any doubt, the Bank reserves its right not to o�er any or all of the above privileges at its sole and absolute discretion without giving any reason therefor.
5. The Bank has the right to suspend, amend, vary and / or terminate all or any of the above privileges and / or the Speci�c and / or General Terms and Conditions herein or any part thereof from time to time and at any time. The Bank’s decision and interpretation on all matters and / or disputes concerning or arising from any of the above privileges and / or the Speci�c and / or General Terms and Conditions herein or any part thereof (including without limitation all or any de�nitions herein) shall be �nal, conclusive and binding on all customers.
6. All aforementioned deposit product, savings account and all other products and services are subject to the terms and conditions of the relevant account opening documentation and all other terms and conditions applicable to them respectively.
7. If there is any discrepancy between the English and the Chinese versions hereof, the English version shall prevail.
Important note
Customers should read and understand the Speci�c and General Terms and Conditions hereinbelow applicable to the OCBC Wing Hang Smart Account in detail prior to using any services or e�ecting any transactions related to OCBC Wing Hang Smart Account. Customers shall be bound by these Speci�c and General Terms and Conditions upon using any services or e�ecting any transactions related to OCBC Wing Hang Smart Account.
