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Standard Chartered UAE Priority New to Bank Campaign – February to March 2025

Terms and Conditions

1. The Campaign Period will run from 1 Feb 2025 until 31 Mar 2025 (both dates inclusive) for clients onboarded in November and December of 2024.

2. This offer is not valid in conjunction with any other special promotion or other reward periodical campaign.

3. The offer is available to all new clients of Standard Chartered Bank UAE, (hereinafter “the Bank”) in its Priority Banking segment.

4. For the purpose of this campaign:

4.1 New to Bank clients are defined as clients who have not been Priority Banking clients of the Bank within the past 12 months and have opened accounts during the Campaign Period and/or do not hold existing Current and/or Savings Account and/or Term Deposit accounts with the Bank in its Personal Banking, Premium Banking, Priority Banking or Private Banking segments.

4.2 Eligible Deposit Products include Current and/or Savings Accounts, including Saadiq variants. This excludes MortgageOne Account, SaadiqOne Account and WealthSaver.

4.3 Assets under Management (“AUM”) is calculated as the sum of balances of all eligible Deposit Products, in AED or foreign currency equivalents

4.4 Products which are not eligible for the campaign and will not be part of AUM calculations are Fixed Deposits, Investments including Mutual Funds, Wrap products, Fixed income securities, Smart Savings Plans, Single premium insurance, including Investments held under Wealth Lending, MortgageOne and SaadiqOne accounts.

4.5 Salary transfer is defined as a minimum of AED 50,000 credited into the client’s salary account on a monthly basis, net of all pre-deductions by the client’s employer, excluding any variable commissions.

4.6 New Funds are defined as period end balance (M1) following the month in which account was opened and average monthly AUM held by the client for the 3 calendar months from Month 2. Consider account opening month as Month 0

5. Cashback Offer

5.1 All clients who meet the minimum eligibility criteria set out below for the products are eligible for the maximum cashback based on the below tiers:

Category Offer Criteria 1st Cashback 2nd Cashback 3rd Cashback Total Reward
Priority Qualified When you start a Qualified Priority relationship with Standard Chartered AED 370,000 to AED 499,999 AED 1,500 AED 1,500 AED 3,000 AED 6,000
Salary Transfer When you start a relationship with Salary Transferred to Standard Chartered AED 50,000 to AED 74,999 AED 500 AED 1,000 N/A AED 1,500
AED 75,000 to AED 99,900 AED 1,500 AED 2,000
AED 100,000 AED 2,500 AED 3,000
  • An individual client is eligible for an extra AED 500 cashback if they qualify on both, the Priority Qualified cashback of minimum AED 3,000 and Salary Transfer cashback of minimum AED 1,500
  • An individual client is eligible for an extra AED 1,500 cashback if they qualify on both, the Priority Qualified cashback of minimum AED 3,000 and Salary Transfer cashback of minimum AED 2,000
  • An individual client is eligible for an extra AED 3,000 cashback if the qualify on both, the Priority Qualified cashback of minimum AED 3,000 and Salary Transfer cashback of minimum AED 3,000
  • An individual client is eligible for the 3rd cashback if he maintains the fund as per table 5.1 for another 3 months from the time of 2nd cashback

5.2. Cashback Pay-outs shall be as per the following schedule:

Priority A/c
Opening Date		 Qualification By

(Fund the account by)

 1st Cashback Qualification Period

(Hold the funds for)

 2nd Cashback 3rd Cashback
1-30 Nov’24 31 Mar’25 30 Apr’25 1 Apr’25 to 30 Jun’25 31 Jul’25 31 Oct’25
1-31 Dec’24 31 Mar’25 30 Apr’25 1 Apr’25 to 30 Jun’25 31 Jul’25 31 Oct’25

a. For AUM qualification, the Qualification Period is defined as 3 calendar months, during which the minimum average monthly balance across the 3 months will be used to establish the fresh funds held and the corresponding pay-out as per Table 5.1 above.

b. For Salary Transfer calculation, the Qualification Period is defined as 3 calendar months, during which the minimum salary transfer during the 3 months will be used to establish the net salary transferred and the corresponding pay-out as per Table 5.1 above, with the first qualified salary transfer occurring on or before the Funding Date

c. The bank will credit the cashback into the client’s current / savings account upon qualification. Clients will be required to have an open and active AED current / savings account to receive the cashback.

d. Cashbacks are non-transferable and cannot be paid, remitted, or deposited to a person or account other than the client.

6. The Bank shall not pay late payment charges or additional profit for any delay in giving the cashback and/or prize.

7. The Bank shall not be liable for any delay in giving the cashback and/or prize if such delay is because the client cannot be contacted.

8. Minor / Guardianship accounts are excluded from the campaign.

9. Transfer of funds from a client’s spouse, siblings, parents, or children’s accounts into the client’s account via internal transfer, cash withdrawal and deposit or transfers routed through other bank(s) will be excluded from New Funds calculations.

10. Setup of multiple family accounts will not be eligible under the campaign and will be excluded from New Funds calculations.

11. The Bank reserves the right to disqualify any client from the cashback and/or prize if it has reasonable grounds to believe the client has breached any of the terms, conditions, and rules of the campaign. It also has the right at any time to verify the validity of the eligibility of all clients, not limited to just the information provided.

12. All taxes, fees, and other charges, if any, payable on the cashback and/or prize shall be the sole responsibility and liability of the client.

13. The Bank reserves the right to terminate the campaign and to vary or modify any of the terms and conditions herein from time to time. In case of disputes, the decision of the Bank shall be final and binding. Further, the Bank reserves the right to cancel or amend the campaign and these terms and conditions without notice in the event of a catastrophe, war, civil or military disturbance, act of God or any actual or anticipated breach of any anticipated law or regulation or any other event outside the Bank’s control. Any change to the campaign would be notified as soon as possible by the Bank. In the event of such change or termination, clients agree to relinquish their rights in respect to the campaign and acknowledge that they will have no recourse against the Bank.

14. The campaign and these terms and conditions are governed by the Laws of the United Arab Emirates and any disputes will be subject to the exclusive jurisdiction of the courts of Dubai.

15. Should you have any concerns or complaints regarding any of our products or services, you may raise your complaint by emailing us at complaint.resolution@sc.comor calling our Client Care Centre on +971 600 5222 88, and we will get back to you within 2 working days. To know more about our Complaints Resolution process, visit https://www.sc.com/ae/customer-service/.

16. All other Standard Chartered Bank Terms and Conditions apply. Please visit com/ae for terms and conditions.