Priority Banking offers holistic wealth solutions – Now’s your time for wealth

1. “New Clients” refer to those who are NOT holding any banking products or services with or distributed by the Standard Chartered Bank (Hong Kong) Limited (the “Bank”) (including but not limited to deposit account (in the case of joint account, unless the new client is a primary account holder to the joint account, he/she will not be considered having held any product or service with or distribution by the Bank), investment service and insurance products underwritten by the third-party insurer) in past 12 months from the date of signing up for Priority Banking except Standard Chartered Credit Cards.

2. Welcome offer consists of the New Funds Growth Offer and Wealth Management Product Reward. New Clients sign up for Priority Banking may enjoy New Funds Growth Offer of up to HKD22,000 cash rebate or 220,000 Asia Miles by depositing at least HKD7,000,000 new funds and fulfil all requirements. In addition, by completing designated investment transactions, New Clients may enjoy Wealth Management Product Reward of up to HKD10,000 cash rebate. For details, please refer to the respective terms and conditions.

3. Eligible clients who choose Asia Miles as the rewards for New Funds Growth Offer must register on the designated webpage at sc.com/hk/AM from 1 January 2025 to 30 April 2025. Relevant Asia Miles will be credited directly to the eligible client’s Cathay membership account.

4. The Mobile Sign-up Reward is only applicable to new clients who did not hold any deposit account, including Savings Account, Current / Cheque Account, Integrated Deposits Account and Time Deposit Account (in the case of joint account, unless the new client is a primary account holder to the joint account, he/she will not be considered having held any product or service with or distribution by the Bank), with The Bank in the past 12 months from the date of the current submission of an application for an Integrated Deposit Account via SC Mobile.

5. “Existing Client” refers to a client who, as of the last day of two months prior to the date of the current sign up for Priority Banking, (i) held any products or services with or distributed by the Bank (including but not limited to deposit account (in the case of joint account, unless the existing client is a primary account holder to the joint account, he/she will not be considered having held any product or service with or distribution by the Bank), investment services and insurance products underwritten by the third party insurer) except Standard Chartered Credit Cards, and (ii) maintained a positive Total Balance.

6. Welcome offer consists of the New Funds Growth Offer. Existing Clients upgrade to Priority Banking may enjoy New Funds Growth Offer of up to HKD10,500 cash rebate or 105,000 Asia Miles by depositing at least HKD5,000,000 new funds and fulfil all requirements. Offer is only applicable to those who have not been Priority Private or Priority Banking clients in the past 12 months.

7. New Clients can enjoy first 2-quarter maintenance fee waiver. Existing Clients can enjoy first 4-quarter maintenance fee waiver. After the expiration of maintenance fee waiver offer, if the average daily Relationship Balance of the client within the quarter falls below HKD1,000,000, a maintenance fee of HKD900 will be charged for the quarter.

8. The bank is not an agent of the designated bank and shall only provide clients with witnessing service for account opening purposes. Acceptance of your account opening application is subject to the sole and final discretion of the designated bank.

9. The exact time needed for receiving the fund depends on several factors, such as the remittance currency type, the processing time of payment intermediaries and the clearing mechanism of local and payee banking.

Important Notes for Structured Notes:

• Structured Notes are structured products involving derivat­ives. Investment Fund is an investment product and some Investment Funds would involve derivati­ves. The investment decisi­on is yours, but you should not invest in that investment product unless the intermedi­ary who sells it to you has explained to you that the product is suitable for you having regard to your financ­ial situati­on, investment experience and investment object­ives.

Important Notes for Investment Fund Service:

• Investment Fund is an investment product and some Investment Funds would involve derivatives. The investment decision is yours, but you should not invest in Investment Fund unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.

Important Notes for Mortgage:

• The approval of the mortgage loan application is subject to the decision of Standard Chartered Bank (Hong Kong) Limited (the “Bank”) at its discretion, which shall be final, binding and conclusive.
• For details and related terms and conditions for Mortgages, please visit sc.com/hk/mortgages/.

Important Notes for Life Insurance:

• The life assurance plans are life insurance products and are not bank deposit. They are underwritten by Prudential Hong Kong Limited (a member of Prudential plc group) (“Prudential”). Some of these plans may have a savings element and are not an alternative to ordinary savings or time deposits. Part of the premium pays for the insurance and related costs.
• If you are not happy with your policy, you have a right to cancel it within the cooling-off period and obtain a refund of any premiums paid, less any withdrawals (if applicable), provided that no claim has been made under the policy. A written notice signed by you should be received directly by Prudential at 8/F, Prudential Tower, The Gateway Harbour City, 21 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong within the cooling-off period (that is, within 21 days after the delivery of the policy or issue of a notice (informing you or your representative about the availability of the policy and expiry date of the cooling-off period), whichever is the earlier). After the expiration of the cooling-off period, if you cancel the policy before the end of the term, the projected total cash value (if applicable) may be less than the total premium you have paid. You should check with Prudential if you have any doubt regarding your cooling-off right.
• The Bank is an insurance agent of Prudential.
• As the issuer of the life assurance plans, Prudential will be responsible for all protection and claims issues. Prudential is not an associate or subsidiary company of the Bank. This leaflet is not a contract of insurance and is intended to be a general summary for reference purpose only. Please refer to the policy for full terms and conditions. The Bank does not accept any responsibilities regarding any statements provided by Prudential or any discrepancies or omissions in the contract of insurance nor shall the Bank be held liable in any manner whatsoever in relation to your contract of insurance.
• This leaflet is intended to be distributed in Hong Kong only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Hong Kong. Prudential and the Bank do not offer or sell any insurance product in any jurisdictions outside Hong Kong in which such offering or sale of the insurance product is illegal under the laws of such jurisdictions. This leaflet does not constitute a contract of insurance or an offer, invitations or recommendation to any person to enter into any contract of insurance or any transaction described therein or any similar transaction.
• Whether to apply for insurance coverage is your own individual decision. During the sales process, this leaflet should be read in conjunction with the relevant product brochure. For full terms and conditions, and risk disclosures of the relevant insurance plan, please refer to the relevant product brochure and policy document and read carefully.
• In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Bank and the client out of the selling process or processing of the related transaction, the Bank will enter into a Financial Dispute Resolution Scheme process with the client; however, any dispute over the contractual terms of the product should be resolved directly between Prudential and the client.

Important Notes for General Insurance:

• The above General Insurance plans are underwritten by Allianz Global Corporate & Specialty SE (incorporated in the Federal Republic of Germany with limited liabilities) Hong Kong Branch (“Allianz”) which is a general insurer authorized and regulated by the Insurance Authority of Hong Kong. Standard Chartered Bank (Hong Kong) Limited (the “Bank”) is an insurance agent appointed by Allianz. To the extent permissible by law, the Bank shall not be liable to any person for the use of any of the above information.
• All General Insurance plans, offered by Allianz, are only available for subscription by residents of the HKSAR, subject to the relevant Terms and Conditions.

Important Notes for MPF Services:

• Standard Chartered Bank (Hong Kong) Limited is a distributor of the MPF scheme, a product of Manulife (International) Limited (Incorporated in Bermuda with limited liability). In respect of an eligible dispute arising between the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the governing rules of Manulife’s MPF scheme should be resolved directly between Manulife and the customer.
• Investment involves risk. Price of units of any constituent funds and the income from them may go down as well as up. Past performance is not an indicative of future performance. Before making any investment decision to invest in a scheme, members should read the MPF Scheme Brochure for more detailed information (including risk factors, fees and charges) on the scheme and its constituent funds. Investors should ensure they fully understand the risks associated with the scheme, and should also consider their own investment objective and risk tolerance level. If in doubt, please seek independent financial and professional advice.
• This leaflet does not constitute any offer, invitations or recommendation to any person to enter into any scheme or any transaction described therein or any similar transaction. This leaflet has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.

Important Notes for Sustainable Savings Account:

• The first HKD200,000, RMB200,000 and USD25,000 in your respective Sustainable Savings Account is defined as Sustainable Balance (“Sustainable Balance”) and subject to the published interest rate for Sustainable Savings Account (“Sustainable Savings Rates”). The deposit balance exceeding the Sustainable Balance (“Remaining Balance”) is subjected to the applicable interest rate for savings account of the respective currency (“Board Rates“).
• Sustainable Savings Rates may be equal to or lower than the Board Rates. We reserve the right to modify the Sustainable Balance and the Sustainable Saving Rates from time to time with or without any prior notice or giving any reason (and we shall not be obliged to disclose our reasons).
• If you have a credit balance in your Sustainable Savings Account, you may be entitled to receive interest. The interest of your Sustainable Savings Account will be calculated based on the total daily Sustainable Balance and the applicable Sustainable Savings Rates of the respective currency plus the daily Remaining Balance and the applicable interest rate for savings account of the respective currency. For Sustainable Savings Account which is denominated in HKD, the interest will be calculated in simple interest and accrues daily on a 365-day or 366-day basis (for leap year). For any other currency, the interest will be calculated in simple interest and accrues daily on a 360-day basis.

• For details and related terms and conditions for Sustainable Savings Account, please visit sc.com/hk/ssa.

Important Notes for GBA and International Banking:

• The Bank is not an agent of the designated bank and shall only provide clients with witnessing service for account opening purposes. Acceptance of your account opening application is subject to the sole and final discretion of the designated bank.
• For the UK and Singapore, fund transfer is available earliest within the same day.

Important Notes for Standard Chartered Cathay Mastercard:

• The approval of credit card is subject to the final decision of the Bank.
• Become a Priority Banking client and maintain at least HKD1,000,000 Average Daily Relationship Balance to enjoy Standard Chartered Cathay Mastercard – Priority Banking card annual fee waiver of HKD4,000.
• Become a Priority Private client and maintain at least HKD8,000,000 Average Daily Relationship Balance to enjoy Standard Chartered Cathay Mastercard – Priority Private card annual fee waiver of HKD8,000.
• The Annualised Percentage Rates (“APR”) for Standard Chartered Cathay Mastercard – Priority Banking/ Standard Chartered Cathay Mastercard – Priority Private are 35.70% (0.0914% per day) for retail purchases and 39.09% (0.0914% per day) for cash advance when credit card account is opened and they will be reviewed from time to time. An APR is a reference rate which includes the basic interest rate and other fees and charges of a product expressed as an annualised rate. APR is calculated based on the guidelines as set out in the Code of Banking Practice and is for reference only, inclusive of Cash Advance Fee (if applicable). For details of credit card services fee and charges, please visit sc.com/hk
• Find out more details regarding the Standard Chartered Cathay Mastercard, please visit sc.com/hk/en/cathay

Important Notes for Priority Banking Multi-Currency Mastercard Debit Card:

• The Multi-Currency Debit Card must be linked to the Account that you open or hold with the Bank with the supported currencies including HKD, USD, RMB*, AUD, CAD, CHF, EUR, GBP, JPY, NZD, SGD (“Supported Currencies”). In case of disputes, the Bank has the sole and final discretion to determine the primary account that is linked to or tied to the Multi-Currency Debit Card.

* Integrated Deposits Account RMB savings and current account are available to valid Hong Kong ID holders only.

• If there is insufficient available foreign currencies in the Account to settle the full amount of the transaction, or the transaction made is denominated in a currency outside of the supported 11 currencies of the Account, the transaction amount will be converted into HKD at an exchange rate we reasonably consider appropriate and the equivalent converted amount in HKD will be debited from the linked HKD Account. A foreign exchange rate mark-up fee of 0.95% on the full amount of the transaction will be charged to the Account. Please note that in case you have insufficient funds in HKD, the transaction will be rejected. For details, please refer to the Service Charges and Standard Chartered Multi-Currency Mastercard Debit Card Terms and Conditions.
• Foreign exchange involves risks. Fluctuation in the exchange rate of a foreign currency may result in gains or significant losses in the event that the customer converts deposit from the foreign currency to another currency (including Hong Kong Dollar).
• Renminbi (“RMB”) exchange rate, like any other currency, is affected by a wide range of factors and is subject to fluctuations. Such fluctuations may result in gains and losses in the event that the customer subsequently converts RMB to another currency (including Hong Kong dollars); and RMB is currently not freely convertible and conversion of RMB through banks in Hong Kong is subject to restrictions specified by the Bank and regulatory requirements applicable from time to time. The actual conversion arrangement will depend on the restrictions prevailing at the relevant time.
• For promotion details and related terms and conditions for Multi-Currency Mastercard Debit Card, please visit sc.com/hk/mcy.
• For details of Debit Card services fee and charges, please visit sc.com/hk.

Important Notes for Priority Baking 360^o rewards:

• To learn more on 360° Rewards Points, please visit sc.com/hk/priority/360-rewards-points/
• To learn more on 360° Rewards Asia Miles, please visit sc.com/hk/priority/360-rewards-am/

Important Notes for Wealth Saver Account:

• Terms and conditions apply. For Bonus Reward details and related Terms and Conditions for Wealth Saver Account, please visit sc.com/hk/wsa.

Important Notes for using myWealth:

• Investing can be complex due to changing market conditions. You have your own personal circumstances, specific needs and investment objectives. You may also hold assets elsewhere. These factors, which can change from time to time, and your holdings held elsewhere have not been factored in by the service.
• Please do not execute trades on your own by simply relying on these investment ideas in isolation.
• Notwithstanding any discussion with your Relationship Manager, before deciding to proceed with any investment transaction, you should make an independent assessment about the risks, merits and appropriateness of each investment transaction, and seek independent professional advice.
• We are not providing portfolio monitoring services and are not obliged to review, manage or monitor the performance of your investment holdings.
• The products involved are not principal protected and you may lose all or part of your original investment amount. There are possible disadvantages from subscribing, selling or switching and the Bank makes no warranty on your decision to buy, sell or switch at any material time.
• SCB Chief Investment Office & Wealth Management Product specialists provide the following inputs which are used in myWealth algorithms namely 1. Model portfolios or model asset allocation 2. Bank’s House view on asset classes  3. Fund select list. These inputs are refreshed on monthly basis by Bank’s Investment and product specialists.

myWealth service limitations:

• myWealth is a direct to client investment service. If you require human interaction, please contact your Relationship Manager for further engagement.
• The investment ideas generated through the myWealth service have taken into consideration your current risk profile, cash balances, investment funds, bonds, equities, structured investments and structured products holdings that you have held with the Bank.
• Your investment concentration, holdings in insurance, leverage or other loans with the Bank, and any other investment holdings, assets / liabilities outside the Bank are not considered in the myWealth service.
• Currently, myWealth only generates investment ideas on investment funds based on your current asset allocation and the model asset allocation under predefined rules.
• myWealth does not offer automatic portfolio rebalancing.
• The algorithms may include performance data and statistics that are derived based on historical data and methodologies formulated on various assumptions.
• Extreme events such as drastic market declines are not explicitly modelled.
• Prices and market values are for your information only and their accuracy is not guaranteed, and they may not be relied upon by any party as the basis for making any trading, hedging or investment decision. Prices including those of exchange traded securities are generally based upon the last traded price at close of market. Funds are valued based on the latest available net asset value. Where any price is provided, it represents an indicative market valuation only and as an estimated value may differ substantially from prices at which you may be able to sell a product and may not include redemption charges or other charges .

Risk Disclosure Statements:

• Investment involves risks. The prices of investment products fluctuate, sometimes dramatically and the worst case may result in loss of your entire investment amount. Past performance is no guide to its future performance.
• Investors should read the terms and condit­ions contained in the relevant offering documents and in particular the investment polici­es and the risk factors and latest financi­al results informati­on carefully and are advised to seek independent professional advice before making any investment decis­ion.
• Investors should consider their own investment object­ives, investment experience, financi­al situati­on and risk tolerance level.

Risk Disclosure Statement for Investment Fund Services:

• Investment involves risks. The prices of units/shares of unit trusts or mutual funds fluctuate, sometimes dramatically and the worst case may result in loss of your entire investment amount. It is as likely that losses will be incurred rather than profit made as a result of buying and selling unit trusts or mutual funds. Past performance of any Investment Fund is no guide to its future performance.
• Investors should carefully read the relevant offering documents and in particular the Terms & Conditions contained therein, the investment policies and the risk factors and latest financial results information. It is desirable that the Investor seeks independent financial advice with respect to any investment decision.
• Investors should ensure they fully understand the risks associated with unit trusts or mutual funds and should also consider their own investment objective, investment experience, financial situation and risk tolerance level before making any investment decision.

Market Commentaries:

The Bank does not make any representation and warranty as to the correctness, completeness, accuracy, reliability or timeliness of any of the materials and information. The opinions are subject to change without notice and should not be construed as a recommendation of any individual holdings or market sectors.

Risk Disclosure Statement of Foreign Exchange:

• Foreign exchange involves risks. Fluctuation in the exchange rate of a foreign currency may result in gains or significant losses in the event that the client converts deposit from the foreign currency to another currency (including Hong Kong Dollar).

Risk Disclosure Statement of Renminbi Deposit Services:

• Renminbi exchange rate, like any other currency, is affected by a wide range of factors and is subject to fluctuations. Such fluctuations may result in gains and losses in the event that the customer subsequently converts Renminbi to another currency (including Hong Kong dollars); and
• Renminbi is currently not freely convertible and conversion of Renminbi through banks in Hong Kong is subject to restrictions specified by the Bank and regulatory requirements applicable from time to time. The actual conversion arrangement will depend on the restrictions prevailing at the relevant time.

Notes:

• This webpage does not constitute any prediction of likely future price movements.
• Investors should not make investment decisions based on this webpage alone.
• This webpage has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.