HSBC Premier Welcome Reward Promotion ( Promotion ) Promotional Terms and Conditions

Transcription

1 HSBC Premier Welcome Reward Promotion ( Promotion ) Promotional Terms and Conditions 1. This Promotion is valid from 1 January 2016 to 30 April 2016, both dates inclusive ( Promotional Period ). 2. This Promotion is offered by The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch ( the Bank ) exclusively to new HSBC Premier Customers ( Eligible Customers ) only. 3. This Promotion is only applicable to all Eligible Customers who successfully sign up for a new Premier account under the HSBC Premier relationship with the Bank (the HSBC Premier Account ) during the Promotional Period and satisfy the following criteria below. 4. Existing HSBC customers who have (a) terminated their HSBC Premier relationship in the past 12 months prior to (and inclusive of) the month the Promotional Period commence; (b) signed up for a new HSBC Advance relationship during the Promotional Period; or (c) an existing HSBC Premier relationship (either in his/her own name or jointly with another person), do not qualify for this Promotion. 5. To qualify for the Welcome Reward (as defined below), an Eligible Customer must satisfy the following criteria: (a) place and/or purchase a minimum of S$200,000 or foreign currency equivalent (or S$1,200,000 as the case may be, in accordance with Clause 10 below) in deposits (excluding time deposit placements referred to in Clause 7), investments and/or insurance with cash/surrender value with the Bank using fresh funds within 30 calendar days of HSBC Premier Account opening ( Minimum Fresh Funds ); (b) the Minimum Fresh Funds must be maintained with the Bank for at least 90 consecutive calendar days from the date of placement and/or purchase ( Maintenance Period ); and (c) successfully complete a Goal Planning Report within the Promotional Period. For the avoidance of doubt, the Minimum Fresh Funds criteria in (a) and (b) must be accompanied by an increase in the Eligible Customer s Total Relationship Balance during the Promotional Period and Maintenance Period (as compared against the Total Relationship Balance as at 31 December 2015) to an amount of at least S$200,000 (or S$1,200,000 as the case may be). For the purposes of the Promotion, Total Relationship Balance is made up of the average daily balances for the calendar month, taking into account deposits, investments and/or insurance held in the same name(s) with the Bank 6. For existing HSBC non-premier customers who wish to sign up for a new HSBC Premier Account under this Promotion, fresh funds of minimum S$200,000 in the HSBC Premier Account are required (i.e. any transfer of funds between account(s) held with HSBC, including via Global Transfer, would not be considered fresh funds). 7. For purposes of this Promotion, fresh funds means a deposit of funds from outside of HSBC into the designated HSBC Premier Account. Transfers from existing HSBC bank deposit accounts or via HSBC cheque(s), cashier s order(s) or demand draft(s) do not qualify. 8. Customers who place fresh funds under existing time deposit promotions (in any currency) offered by the Bank during the Maintenance Period will not qualify for the Welcome Reward offer. 9. Customers who participate in any concurrent Goal Planning promotions offered by the Bank during the Maintenance Period will not qualify for the Welcome Reward. Page 1 of 7

2 10. Eligible Customers who successfully meet the requisite criteria in Clause 5 will be entitled to one of the following gifts ( Welcome Reward ): Maintain Minimum Fresh Funds for 90 consecutive calendar days from date of placement/purchase Eligible Customers with Minimum Fresh Funds of at least S$200,000 Premier Welcome Reward Two (2) economy class Cathay Pacific return tickets from Eligible Customers with Minimum Fresh Funds of at least S$1,200,000 Four (4) economy class Cathay Pacific return tickets from 11. Each successful qualifying Eligible Customer is only entitled to a maximum of one Welcome Reward under this Promotion. For avoidance of doubt, joint account holders to an HSBC Premier Account will be considered as one Eligible Customer. For Eligible Customers who open 2 or more HSBC Premier Accounts during the Promotional Period, only one Premier Account will be eligible for the Welcome Reward. 12. The Bank may levy an administration charge equivalent to the value of the Welcome Reward issued if the HSBC Premier Account with the Bank is closed within 6 months of the date on which it is opened. 13. Use of the Welcome Reward is subject to merchant s terms and conditions; please refer to the terms and conditions set out under the section headed Gift Terms and Conditions for details. 14. Other general terms and conditions governing this promotion apply; please refer to the terms and conditions set out under the section headed General Terms and Conditions for details. 15. Deposit Insurance Scheme Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Page 2 of 7

3 HSBC Wealth Rewards Promotion ( Promotion ) Promotional Terms and Conditions 1. This Promotion is valid from 1 January 2016 to 30 April 2016 or such other date(s) as may be determined by HSBC at its discretion ( Promotional Period ). 2. This Promotion is offered by The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch ( HSBC or the Bank ) to existing HSBC Premier banking customers or to such other customers as notified by the Bank from time to time at its discretion ( Eligible Customers ). 3. The first 1000 Eligible Customers (as defined under Clause 4) who fulfill the criteria hereunder during the Promotional Period will qualify for the Wealth Reward (set out in Clause 7). 4. To qualify for the Promotion, an Eligible Customer must: (a) be a qualified HSBC Premier banking customer with a minimum total relationship balance of SGD 200,000 (or its equivalent in foreign currency); (b) successfully place an aggregate minimum investment and/or insurance premium amount (collectively, investment amount ) of SGD 200,000 during the Promotional Period into any of the following eligible products ( Eligible Products ) offered by the Bank: (i) (ii) (iii) unit trusts, structured notes, bonds, equity-linked notes; and/or any Regular Premium ( RP ) insurance policy or Single Premium ( SP ) insurance policy distributed by the Bank during the Promotional Period, and/or any of the Eligible Products referred to in Clause 6(a). 5. For purposes of this Promotion: (a) investment amount will be computed as follows for the following Eligible Products: (i) For unit trusts, structured notes, bonds, equity-linked notes Actual placement amount (in SGD). (ii) For RP insurance policy 10 times of the Annual First Year Premium ( AFYP ) of the relevant RP policy (in SGD). (iii) For SP insurance policy actual single premium placement amount (in SGD). (b) (c) Investment amount could comprise a single placement or an aggregation of multiple placements to meet the minimum investment amount (as set out in Clause 4b above) within the Promotional Period. All investments and/or premiums in a currency other than SGD will be notionally converted into SGD at the Bank s prevailing exchange rate for the purpose of determining investment amount under this Promotion. For investments and insurance placement, the trade date and policy inception date respectively will be used for the purposes of aggregating multiple investment amounts (if any) and determining the notional conversion rate into SGD for all investment and/or premiums (as the case may be) in a currency other than SGD, and to determine whether placement of investment amount falls within the Promotional Period. Page 3 of 7

4 6. For purposes of this Promotion: (a) Eligible Products means all investment and/or insurance products offered by the Bank BUT DOES NOT INCLUDE the following: (i) Dual Currency Plus (ii) Structured Deposit (iii) Investment products offered via Online Unit Trusts or online securities trading (iv) Any investment placed against secured overdraft or through any form of secured lending or leverage (v) Flexi-pay premiums for Regular Premium plans (vi) Switching transactions placed through the Bank in respect of unit trusts; and (vii) Foreign exchange transactions (viii) Any investment product or insurance policy that is cancelled during the cancellation period of 7 days (ix) Any insurance policy that is cancelled during the free-look period of 14 days (x) Any other investment product or insurance policy that is cancelled in accordance with the HSBC 30-Day Service Pledge. (xi) Existing RP plans and any other monthly investment plans (xii) Investments or insurance placed through CPF investment schemes (b) Save for the HSBC Premier Welcome Reward Promotion, the Wealth Rewards offer under this Promotion is not valid with other offers or promotions unless otherwise stated. 7. Qualifying Eligible Customers who fulfill the criteria under this Promotion during the Promotional Period will enjoy two (2) (the Wealth Reward ). 8. Each successful qualifying Eligible Customer is only entitled to a maximum of one Wealth Reward under this Promotion. For the avoidance of doubt, joint account holders to an HSBC Premier account will be considered one Eligible Customer. For Eligible Customers who have 2 or more HSBC Premier accounts, only one HSBC Premier account will be eligible for the Wealth Reward under this Promotion. 9. In the event that any of the Eligible Products is/are for any reason whatsoever cancelled, rejected or not successfully effected within the applicable free-look or cooling period (if any) or within the Promotional Period, whichever is later, the customer will no longer be eligible for the Wealth Reward hereunder. 10. Use of the Wealth Reward is subject to merchant s terms and conditions; please refer to the terms and conditions set out under the section headed Gift Terms and Conditions for details. 11. Other general terms and conditions governing this promotion apply; please refer to the terms and conditions set out under the section headed General Terms and Conditions for details. Page 4 of 7

5 Gift Terms and Conditions (Applicable to both HSBC Premier Welcome Reward Promotion and HSBC Wealth Rewards Promotion) 1. Air tickets provided under the Promotions exclude relevant taxes, and any high season surcharge as may be imposed by the relevant airline or supplier, and are not valid for blackout periods 2. Each successful qualifying eligible customer under the HSBC Premier Welcome Reward Promotion and HSBC Wealth Rewards Promotion (collectively, the Promotions ) will receive economy class Cathay Pacific return tickets from as set out in the respective Promotional Terms and Conditions above. In the event that the successful qualifying eligible customer wishes to pay a top-up amount for Cathay Pacific air tickets from Singapore to other destinations (other than Hong Kong), top-up options (per eligible return ticket) are available for the following destinations at the following prices: Departing from Singapore to the Top-up amount per passenger payable by eligible customers following destinations (excludes relevant taxes & surcharges)* Taiwan From S$158 Shanghai From S$158 Tokyo From S$348 Seoul From S$348 London From S$778 Rome From S$778 New York From S$1068 *Top up amounts are subject to change. Taxes & surcharges vary between S$90 to S$350; please check with merchant (Cathay Pacific) for details and the latest top-up amounts. 3. Use of air tickets is subject to terms and conditions of the merchant; please refer to merchant for details. Qualifying eligible customers must book their flight by the respective dates specified below. All bookings are subject to availability and exclude black-out dates. For avoidance of doubt, the book-by and travel by dates are listed below: Date by which eligible customer signs up for Premier Welcome Reward and/or meets Wealth Reward investment placement criteria Eligible customer fulfils criteria by (applicable for Welcome Rewards only) Redemption letter to be sent to eligible customer by January April May 2016 February May June 2016 March June July 2016 April July August 2016 Eligible customer to book flight by 28 February 2017 Eligible customer to travel by 31 August A notification letter will be sent to the address of the successful qualifying eligible customers as per the Bank s record by the dates set out in Clause 3 above or such other date as the Bank may notify otherwise. 5. Once an air ticket under any of the Promotions has been issued, should there be any amendments, the successful qualifying eligible customer must pay such additional surcharges or fees as may be levied by the relevant airline or supplier for such amendments; please refer to them for details. Page 5 of 7

6 6. A successful qualifying eligible customer who is a Premier International customer with a residential address outside of Singapore as per the Bank s records may elect an alternative gift of S$450 worth of Cathay Pacific flight vouchers ( Voucher ) in place of any Welcome Reward or Wealth Reward that such customer is eligible for under any or both of the Promotions. (a) Welcome Reward (Minimum Fresh Funds of at least S$200,000) or Wealth Reward (b) Welcome Reward (Minimum Fresh Funds of at least S$1,200,000) (c) Welcome Reward (Minimum Fresh Funds of at least S$200,000) and Wealth Reward (d) Welcome Reward (Minimum Fresh Funds of at least S$1,200,000) and Wealth Reward S$450 worth of Vouchers in place of two (2) S$900 worth of Vouchers in place of four (4) S$900 worth of Vouchers in place of four (4) S$1350 worth of Vouchers in place of six (6) 7. The Voucher is not redeemable for cash, credit or any other items with the merchant (Cathay Pacific). The Voucher is only valid for the purchase of tickets issued by Cathay Pacific Airways Singapore, for flights operated by Cathay Pacific. Joint venture, code-shared services and charter services are excluded. Fare rules, terms and conditions apply accordingly. Fare difference between ticket value and the Voucher must be settled by credit card. The Voucher carries no residual value once partially or entirely used. The Voucher is not valid for use of the settlement of child/infant, travel industry staff, prize, sponsored or redemption tickets. Use of the Voucher is subject to merchant s terms and conditions apply; please refer to the merchant for details. Page 6 of 7

7 General Terms and Conditions (applicable to both HSBC Premier Welcome Reward Promotion and HSBC Wealth Rewards Promotion) 1. The Promotions are not valid with other offers or promotions unless otherwise stated. 2. Terms and conditions governing HSBC Premier and the relevant products will apply. For the terms and conditions governing HSBC Premier accounts, please visit 3. The Welcome Rewards, Wealth Rewards and Vouchers hereunder (collectively, the Gifts ) are not exchangeable for replacement for cash or items of equivalent value. HSBC will not replace any Gift that is lost, defaced or damaged. 4. HSBC is not the supplier of the Gifts offered under the Promotions and will not accept any liability in relation thereto. The Gifts are not redeemable for cash. The use of each Gift is subject to the terms and conditions of the merchant providing the relevant products and/or services; please refer to the merchant for details. 5. All exchange transactions shall be effected at the Bank s prevailing exchange rate. Where the Bank is unable to provide a firm exchange rate quotation, the Bank shall effect the transaction on the basis of a provisional exchange rate which shall be subject to adjustment when the actual exchange rate is ascertained and any resultant difference shall be debited/credited (as the case may be) to you through the originating account or any account you have with the Bank or by such other means as determined by the Bank. There may be a gain or loss when you covert foreign currency. Eligible Customers are advised to make independent judgment with respect to any matter contained herein. For the avoidance of doubt, the Bank shall not be liable for any delay in effecting such conversion, instructions or transactions. 6. Only personal accounts are eligible. Terms and conditions governing personal deposit accounts and, as the case may be, investment accounts (collectively, the Account Terms ) will apply to govern deposit and investment accounts respectively. In the event of any conflict or inconsistency between these Promotional Terms and Conditions and the Account Terms, in respect of this Promotion, the Promotional Terms and Conditions shall apply to the extent of the conflict or inconsistency. 7. Deposit Insurance Scheme Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. 8. The Bank shall be entitled to a reasonable period of time to process instructions and may not complete the placement / transaction on the same day of receipt of the customer's instruction. The Bank shall not be liable for any loss or damage resulting from any such delay in effecting instructions or transactions. 9. The Bank may, at its discretion, vary, delete or add to any of these Promotional/Gift/General Terms and Conditions, including but not limited to varying the Promotional Period, or withdraw any of the Promotions at any time without prior notice or assuming any liability to any customers. 10. These Promotional Terms and Conditions are governed by the laws of the Republic of Singapore and the parties submit to the non-exclusive jurisdiction of the courts of Singapore. 11. This material is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment or securities nor shall it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. The specific investment objectives, personal situation and particular needs of any person have not been taken into consideration. You should therefore not rely on it as investment advice. You may wish to seek advice from a financial consultant before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial consultant, you should consider whether the product in question is suitable for you. Buying the life insurance policy is a long term commitment. An early termination of the policy incurs high cost and the surrender value payable may be less than the total premiums paid. Page 7 of 7