Standard Chartered Bank - Priority Banking

Customised benefits tailored to suit your unique individual needs.

As a Priority Banking customer you have the advantage of enjoying customised benefits that recognise your total relationship with us and have been tailored to suit your individual needs. And because we know they mean the world to you, some of these benefits also extend to your family.

Risk Disclosure Statement:
Investments involve risks. The prices of investment products may move up or down and the worst case will result in loss of your entire investment. Customers should consider their own investment objective, investment experience, financial situation and risk tolerance level; and also read the terms and conditions of the relevant investment services / offering documents including the risk disclosures, and is advised to seek independent professional advice before making any investment decision.

Priority Banking 360° Rewards

At the end of the day, it’s not only about making the right choice of financial partner in growing your wealth and maximising your returns. It’s also about indulging in the fruits of your banking relationship with us as you go along.

That’s why we have introduced an exclusive, unique and differentiating total banking rewards scheme which allows you to earn 360º Rewards Points ("Points") not only on your card spend but on your banking accounts with us including deposits, structured investments series, premium deposit, investments, insurance, personal instalment loan and mortgage loan.

To see details of Priority Banking 360º Rewards, click here.

Product Categories	Reward Basis	No. of 360° Rewards Points earned (monthly)	The Maximum 360° Rewards Points earned (monthly)
Priority Banking Credit Card	Every HK$1 retail spend made local and overseas	2 points	No Limit
Deposits Structured Investments Series Premium Deposit	Every HK$100,000 daily average balance in a month*	500 points	10,000 points
Investments	Every HK$100,000 daily average balance in a month**	500 points	10,000 points
Insurance
Personal Instalment Loan	Every HK$100,000 month end outstanding loan balance^	500 points	10,000 points
Mortgage Loan	100 points	10,000 points

Your 360º Rewards Points can be accessed only through the prestigious
Priority Banking Credit Card, which is the key to unlocking exclusive benefits and exceptional rewards from your total banking relationship with us.

With the 360º Rewards Catalogue, you can choose to redeem mileage, merchandise or cash coupon with 360º Rewards Points at your own choice through our website www.standardchartered.com.hk.

To see an example of how you can earn more 360º Rewards Points on your Priority Banking Credit Card, click here.

Existing portfolio of accounts	Monthly Spend or Daily Average Balance in a month or Month-end outstanding balance (where applicable) (HK$)	No. of 360º Rewards Points earned (Monthly)	360º Rewards Points earned in one year (12 months)^
Priority Banking Credit Card’s local and overseas spend	$7,000	14,000 points	168,000 points
Deposits Structured Investments Series Premium Deposit	$800,000	4,000 points	48,000 points
Investments	$300,000	1,500 points	18,000 points
Insurance	$200,000	1,000 points	12,000 points
Personal Instalment Loan	$100,000	500 points	6,000 points
Mortgage Loan	$4,000,000	4,000 points	48,000 points
Total 360º Rewards Points accumulated in a year	*300,000 points**

^ Assume the 360º Rewards Points earned monthly remain the same for the whole year for all product categories.

The above example is for reference only. The choice of reward is not guaranteed and is subject to the Bank’s 360° Rewards and / or the supplier’s reward scheme which will be amended from time to time.

To read the Terms and Conditions click here. :

The Priority Banking 360º Rewards offer ("Offer") is only available to Priority Banking ("PB") customers holding valid Principal PB Credit Card (the "Card") issued by Standard Chartered Bank (Hong Kong) Limited ("the Bank") ("Eligible Customer").

1.1

Bonus Points rewarded for credit card spending which is an evergreen offer and is subject to relevant bonus points scheme terms and conditions of Priority Banking Credit Card (“PB Credit Card”)

1.2

Bonus Points rewarded for balance of Eligible Banking Products as set out in Clause 8 ("Relationship Rewards").

Under the Offer, Eligible Customers may earn 360º Rewards Points ("Points") by holding or entering into the following products or transactions ("Eligible Transactions") and subject to the terms hereinafter provided:-

Product Categories	Eligible Banking Products
Deposits Structured Investment Series Premium Deposit	Savings Account, Current Account, Time Deposit, Call Deposit, Goldenlink Passbook Savings Account, Premium Deposit and Structured Investment Series (Any Currency). Actual overdraft balance (but not the overdraft limit) in Current Account will be treated as positive balance for Points calculation. Excluding deposits credited to MortgageOne® Account and Actual Amount Swept under MortgageOne® Optimizer Services.
Investments	Investment Funds, Securities, Debt Securities and Equity Linked Investment (Any Currency).
Insurance	Cumulative premium paid for designated life assurance plans (except for investment-linked insurance plan and Mortgage Loan Assurance Plan) underwritten by The Prudential Assurance Company Limited ("Prudential") and applied through the Bank.
Personal Instalment Loan	Personal Instalment Loan, Debt Consolidation Program, Floating Rate Personal Instalment Loan and Tax Loan. Any loan amounts approved but not yet drawn down will be excluded from Points calculation.
Mortgage Loan	Mortgage Loans Any loan amounts approved but not yet drawn down will be excluded from Points calculation. Loans applied under Standard Chartered Staff Mortgage Plan are not eligible for Points. If there is more than one applicant / obligor under the relevant mortgage loan and each of them is a holder of the Card, only Applicant 1 / Obligor 1 as stated in the Mortgage Loan Application Form will be entitled to Points under this Product Category.

3.1

Points will be calculated based on the total balance of the relevant account as shown on the relevant monthly statement and on the following criteria with reference to each Product Category:-

Product Category of Eligible Transactions	Reward Basis	No. of Points earned (monthly)	The Maximum Points earned (monthly)
Deposits Structured Investment Series Premium Deposit	Every HK$100,000 daily average balance in a month*	500 Points	10,000 Points
Investments	Every HK$100,000 daily average balance in a month**	500 Points	10,000 Points
Insurance	Every HK$100,000 daily average balance in a month**	500 Points	10,000 Points
Personal Instalment Loan	Every HK$100,000 month end outstanding loan balance^{^}	500 Points	10,000 Points
Mortgage Loan	Every HK$100,000 month end outstanding loan balance^{^}	100 Points	10,000 Points

* based on total number of calendar days in the relevant month
** based on total number of days the Bank is open for business in the relevant month
^{^} as at the last calendar day in the relevant month

3.2

Only the Eligible Transactions made by the Eligible Customer (who is the Principal cardholder of the Card) will be counted for Points. If the Eligible Transactions are made under a joint account, only the account(s) held by the Eligible Customer in the capacity as primary account holder/borrower in such joint account will be counted for Points.

3.3

For Points calculation purposes, the balance of the relevant product held by an Eligible Customer will be converted to Hong Kong Dollar ("HKD") in the following situations on the specified basis:-

(i)

if the relevant account balance is denominated in foreign currency -- the Bank's exchange rate as of last calendar day of the month will be adopted for converting the daily average balance of the relevant account from the foreign currency to HKD equivalent, which will then be used to calculate the monthly balance of the account;

(ii)

if the relevant account is a Goldenlink Passbook Savings Account -- the Bank's bid rate of gold as of last calendar day of the month will be adopted for converting the daily average balance in taels to HKD equivalent;

(iii)

if the relevant account is holding Investment Funds, Securities, Debt Securities or Equity Linked Investment -- the Bank's daily Net Asset Value price of the relevant Investment Funds, or the market price of the relevant Securities or Debt Securities will be adopted to calculate the daily aggregate balance of the relevant account, which will then be used to calculate the monthly balance of the account.

3.4

For MortgageOne® Account under Mortgage Loan Category, the balance used for calculating Points is the net loan balance (that is, outstanding loan principal minus deposits credited to the MortgageOne® Account) on the last calendar day in that month. In the event that outstanding loan principal is less than the deposits credited to the MortgageOne® Account resulting in a net deposits balance, no Points will be offered.

3.5

For Points calculation purposes under Insurance category:-

(i)

To be eligible for the Offer, the designated life assurance plan(s) must be either sold by Prudential's Financial Services Managers located at the Bank's branches or by the Bank's sales staff.

(ii)

If the customer cancels the relevant assurance plan(s) or policy(ies) within the cooling-off period, Points will not be offered for such plan(s) or policy(ies).

(iii)

The relevant policy(ies) must remain in force (as determined by Prudential at its sole discretion) and the premium level must remain the same as (or above) the initial premium level determined at the time of issuance of the policy(ies); otherwise, the Bank has the absolute right to forfeit and debit any Points awarded in respect of such policy(ies) or relevant plan(s).

3.6

Any remaining balance that falls short from earning any Points based on the criteria referred above during a month will neither be combined with other balances in other product categories nor be carried forward for Points calculation purposes in any subsequent months.

As a prerequisite for Points being earned under the Offer, Eligible Customer has used the Card at least once during the relevant month to pay for a retail purchase transaction (including but not limited to monthly instalment and bill payment) or make a cash advance.

Points will be calculated monthly, and subject to the terms below, will be credited to the Card account in the following month. Details of any award of Points during a relevant month will be shown on the credit card statement or consolidated banking statement where applicable) to be issued to the relevant Eligible Customer in the following month. For example, if during September 2010, 1,000 Points were earned by an Eligible Customer; in October 2010, they will be credited to the Card account and shown on the credit card statement or consolidated banking statement (where applicable) issued to the Eligible Customer.

Notwithstanding the above, the Points will not be awarded to the Eligible Customer unless the Eligible Customer has maintained a PB Relationship package with the Bank and the Card account is valid and in good financial standing which will be subject to the relevant Terms and Conditions of the Card. The Bank reserves the right to refuse to credit or honour any Points if the relevant Eligible Customer fails once or more to pay on or before the relevant due date any Minimum Payment Due under the Card.

For customers who newly sign up PB Relationship package, the Offer will not be available to those customers until the next calendar month after their sign-up and subject to the validity and financial standing of the Card the relevant customer is holding.

If the Card account is voluntarily/involuntarily closed, all Points unredeemed, unused or not yet credited to the Card account will be immediately forfeited upon the account closure.

The methods used to compute Points and the criteria of Eligible Transactions and products relating thereto are decided and subject to the sole discretion of the Bank. The Bank may review such methods and criteria from time to time. In case of any dispute, the Bank's decision shall be final and binding.

10.

Points awarded under this Offer will be valid for use for at the maximum of 3 years as particularly specified in the relevant monthly statements. Points cannot be redeemed for cash. The usage and validity of Points will be subject to the relevant terms and conditions as set out in the Bank's Credit Card 360º Rewards which will be reviewed and amended by the Bank from time to time.

11.

In the event that the Eligible Customer is also entitled to another prevailing promotion offer(s) of the Bank, the Bank reserves the right to provide only one or some of the offer(s) at its absolute discretion.

12.

The Bank reserves the right to terminate the Offer and to vary or modify any of the above terms and conditions from time to time without prior notice. In case of dispute, the Bank's decision shall be final and binding.

13.

If there is any inconsistency or conflict between the English and the Chinese versions of these terms, the English version shall prevail.

Privileged Pricing

As your financial partner, we offer preferential pricing on the product needs tailored by your Relationship Manager.

To see Privileged Pricing at a glance, click here.

Privileged Pricing at a glance

	Priority Banking Customers	Non-package Banking Customers
Deposits
HKD/RMB Savings Account Deposit Interest Rate	Preferential Interest Rate	Prevailing Interest Rate
Interest Rate for Current Account Overdraft Protection	P – 1% p.a.	P + 8% p.a.
Handling Fee for Current Account Overdraft Protection	HK$60 per item (waived for customers applying for the Floating Overdraft Facility)	HK$120 per item
Investment
Investment Fund - Lump Sum Subscriiption: Funds with subscription fee of 5% or above Investment Fund - Monthly Investment Plan: With monthly investment amount of HK$5,000 / US$650 or above	-1.5% subscription fee	-0.25% subscription fee
Online Securities Trading: Free real-time price quote plan (per month)	1,000 quotes	200 quotes
Banking Services
Inward remittance CHATs (local TT)	Free	HK$15 per transaction
Inward remittance TT	Free	HK$55 per transaction
Outward remittance TT (other banks)	HK$120 per request	HK$200 per request
Outward remittance Demand Draft	HK$60 per item	HK$120 per item
Outward remittance TT (between Standard Chartered Bank)	Free	HK$200 per request
Handling Fee for Overseas ATM cash withdrawal from Savings or Current Accounts through Priority Banking Card / Priority Banking Credit Card*	Free	JETCO / MasterCard / CIRRUS / Visa / PLUS: HK$28 China UnionPay: HK$15
Standing Instructions (per set up)	Free	HK$100 per item
Wealth Financing Services
Interest Rate for Floating Overdraft Facility Secured by Deposit	P – 1% p.a.	P (for Preferred Banking customers only)

* Not applicable to credit card cash advances

For details, please contact your Relationship Manager.

Household Recognition And Family Benefits

We know your family is your greatest asset, so we have also made them our priority. It’s our way of ensuring a total banking relationship for you.

If your family holds a joint account with you, the joint account balance will also contribute to your family’s qualification to become a Priority Banking customer and enjoy the following benefits:

Complimentary Priority Banking membership status
Access to Priority Banking centres, teller queues and hotlines
Lifestyle privileges including family events

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