1. This Standard Chartered Singapore Business Debit Card Cash Rebate Programme (“Programme”) is available from 1 February 2019 to Business Banking Customers of Standard Chartered Bank (Singapore) Limited (the “Bank” or “we”). By participating in this Programme, you agree to be bound by these terms.

2. The Bank’s Business Debit Card Terms and Conditions (as may be amended, modified and supplemented by the Bank from time to time) shall govern and apply to the Standard Chartered Business Debit Card (the “Card”) and the Programme. In the event of any conflict or inconsistency between these Terms and Conditions and the Bank’s Business Debit Card Terms and Conditions, these Terms and Conditions shall prevail in so far as they relate to the Card and the Programme. Unless stated otherwise, capitalised terms undefined herein shall bear the meanings as ascribed to them in the Bank’s Business Debit Card Terms and Conditions.

Rebate

3. For amounts charged in local currency (Singapore Dollar) and foreign currency in qualifying retail transactions (which excludes the transactions set out in Clause 4 below) on the Card, the Cardholder will receive a 1% rebate on this amount, credited to the Standard Chartered business account that is linked to the Card within the next calendar month of the posting date (as defined below) of transaction. This rebate is not subject to minimum spend requirements or any cap.

Posting date refers to the date when the Bank receives the transaction details from the merchant/retailer that you made a transaction at. This may differ from the transaction date. Retail purchases can be made either in person or online and must be transacted via MasterCard.

4. Rebates will not be awarded for any interests, finance charges by the Bank, NETS transactions, EZ-link top-ups, insurance payments, payments via AXS or SAM and/or any other transactions that the Bank may exclude from time to time without prior notice or giving any reason.

5. Refunded retail purchases will be deducted from the relevant monthly billed amount for the computation and award of rebates. Any reversed portion of rebates will be reflected in the statement (as referred to in Clause 9 below) of the following month.

Other Conditions

6. We may vary, add, delete, amend or modify any one or more provisions in these Terms and Conditions at any time and from time to time without notice. You are deemed to accept and are bound by such variations, additions, deletions, amendments and/or modifications if you do not terminate the use of the Card.

7. We may retract, deduct and/or re-compute any rebates awarded if any Cardholder abuses the rebates programme, as deemed fit by the bank, or if the Account for the Card (“Card Account”) is terminated by a Cardholder or the Bank.

8. Purchases charged to the Card in a relevant calendar month but yet to be posted to the Card Account within that calendar month will not be taken into account in the computation of rebates to be awarded for that calendar month.

9. Any rebates awarded will be reflected in the statement of the Standard Chartered business account that is linked to the Card provided on a monthly basis.

10. We reserve the right to replace the rebates with another item or kind of reward as we may determine without notice at any time or from time to time.

11. We reserve the right at any time without giving any reason or notice to the Cardholder to clawback, deduct withdraw or cancel any rebates awarded to you without liability. The Cardholder will not be entitled to any payment or compensation whatsoever in respect of such deduction, withdrawal or cancellation.

12. The crediting of rebates to the Cardholder’s Card Account will be entirely at our discretion and we shall not be liable or responsible for any loss or damage suffered or incurred by any Cardholder in connection with the Card.

13. Our decision on all matters relating to or in connection with the Card (including the Programme) shall be final and binding on all Cardholders.

General Terms

15. The Programme is not valid with other offers, privileges or promotions unless otherwise stated.

16. The Bank may vary, modify, add, delete or otherwise revise any of the terms and conditions governing the Programme or to terminate, withdraw, extend, suspend or shorten the Programme at any time in the Bank’s sole discretion, with or without prior notice or reason. You understand and agree to be bound by any such variation.

17. The Bank reserves the right to determine in its sole and absolute discretion all matters arising out of or about the Programme, including your eligibility for the Programme. The Bank’s determination of all matters relating to this Programme shall be final and conclusive and no correspondence will be entertained.

18. The terms and conditions of the Programme are to be read in conjunction with our General Business Banking Terms and Conditions, Account Terms, Standard Terms and respective Country Supplements, (collectively, “Standard Terms”). If there is any inconsistency between the Standard Terms and the terms and conditions of this Programme, the latter shall prevail to the extent of such inconsistency.

19. A person who is not a party to these terms and conditions has no right under the Contracts (Rights of Third Parties) Act (Cap. 53B) to enforce any of the terms and conditions.

20. These terms and conditions are governed by and shall be construed in accordance with the laws of the Republic of Singapore and you agree to submit to the exclusive jurisdiction of the courts of the Republic of Singapore.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.