1. Smart Business$aver Product Terms
   1.1 Smart Business$aver comprises a current/cheque account (“Smart Business$aver account”).
   1.2 These Smart Business$aver Product Terms are to be read together with the Standard Chartered Bank (Singapore) Limited (the “Bank”) General Banking Terms and Conditions (including the terms relating to Lending Services and Foreign Exchange Services), as may be updated or amended from time to time at sc.com/sg/business/booklet. In the event of any inconsistency, the terms set out in the account opening application form and these Smart Business$aver Product Terms shall prevail.
2. Smart Business$aver requirement
   2.1 In addition to prevailing interest, you will receive bonus interest on the average daily balance in your Smart Business$aver account (up to an average daily balance cap of S$500,000) for a calendar month if you comply with the following requirements (each a “Smart Business$aver requirement”) in that calendar month:
   2.1.1 your Smart Business$aver account must be valid and in good standing; and
   2.1.2 you must have completed transaction(s) in at least one of the following categories from A to D in that same calendar month (each a “Smart Business$aver category”):
   A. Lending Relationship
   2.1.2.1 you must have a Business Banking lending relationship comprising of any one of the following Business Banking lending facilities which has been approved by the Bank:
   (a) Business Working Capital; or
   (b) Business Property Loan; or
   (c) Business Instalment Loan; and
   2.1.2.2 your facility agreement with us must not have been terminated, must be in good standing and must not be in breach of its terms and conditions, and must be conducted in a proper and satisfactory manner at all times (each as determined by the Bank in its sole and absolute discretion);
   B. Foreign Exchange (“FX”) Transactions
   2.1.2.3 you must successfully complete one or more FX Transaction(s) in aggregate notional amount of at least S$50,000 in a calendar month (such aggregate amount to be referred to as the “FX Qualifying Amount”). The Bank reserves the right to determine the applicable calculation method(s), and we may make currency conversions in respect of completed FX Transactions into Singapore dollars using our applicable prevailing currency exchange rate at the end of the calendar month to determine if the FX Qualifying Amount has been met; and
   2.1.2.4 the FX Transactions in the amount of the FX Qualifying Amount must be carried out via either the Bank’s Straight2Bank NextGen platform or the Bank’s treasury services;
   C. Payroll
   2.1.2.5 you must successfully perform at least one payroll transaction (of any amount) via the Bank’s Straight2Bank NextGen platform (using the Bulk Import Payment) in a calendar month; 
   D. Inward Credit
   2.1.2.6 you must have incoming funds credited to your Smart Business$aver account in aggregate gross amount of at least S$80,000 in a calendar month (“Total Monthly Credits”). For the avoidance of doubt, incoming funds credited to your Smart Business$aver account will still be eligible for calculation toward the Total Monthly Credits even if they are subsequently withdrawn from the Smart Business$aver account, whether in full or in part;
   2.1.2.7 Subject to Clause 2.1.2.8, Total Monthly Credits may include incoming funds credited arising from:
   (a) cash deposits (including over-the-counter and bulk deposits);
   (b) local funds transfers, local bank electronic transfers and telegraphic transfers (covering SWIFT and internal network transfers); and
   (c) local and foreign cheque deposits;
   2.1.2.8 Total Monthly Credits shall exclude incoming funds credited, paid, transferred, initiated or disbursed by the Bank into your Smart Business$aver account in the following scenarios:
   (a) crediting of funds from any time deposit account(s) linked to the Smart Business$aver account;
   (b) crediting of funds from loan facilities disbursed by the Bank into the Smart Business$aver account;
   (c) crediting of interest, including prevailing and any bonus interest, by the Bank into the Smart Business$aver account;
   (d) crediting of funds originating from any of your other accounts with the Bank;
   (e) credits due to any returned transaction (including returned cheques, unsuccessful funds transfer, etc)2.2 If you do not satisfy any of the Smart Business$aver requirements for any Smart Business$aver category in any calendar month, you will not receive the corresponding bonus interest on the average daily balance in your Smart Business$aver account for that calendar month.2.3 We reserve the right to cancel or suspend payment of bonus interest and to claw back the value of any bonus interest paid in the event that any of the foregoing conditions is not met at any time during the minimum qualifying periods specified above.
3. Interest
   3.1 You will receive prevailing interest of 0.28% p.a. on your Smart Business$aver account balance. Prevailing interest will be calculated at the end of each day and credited to your Smart Business$aver account at the end of the month.
   3.2 If you comply with the Smart Business$aver requirement (including completing a transaction in a Smart Business$aver category) in a calendar month, as determined by the Bank in its sole and absolute discretion at the end of that calendar month, you will also earn bonus interest allocated for the Smart Business$aver category in that calendar month. Bonus interest will be calculated at the end of each calendar month, based on the average daily balance in your Smart Business$aver account for each calendar month up to a cap we determine, and credited to your Smart Business$aver account in the following month.
   3.3 Payout of all interest (including prevailing interest and bonus interest) is capped at 4.40% p.a. per eligible Smart Business$aver account.
   3.4 We may change the basis and rates of the prevailing interest and bonus interest at any time with prior notice.
   3.5 The bonus interest allocated for each Smart Business$aver category, and the corresponding bonus interest crediting month are provided below. In the event of any inconsistency between the contents of the table below and these Smart Business$aver Product Terms, the contents of these Smart Business$aver Product Terms shall prevail.

   Smart Business$aver category	Description of Transaction	Bonus Interest Rate	Bonus Interest Crediting Month
   A. Lending Relationship	Have an eligible Business Banking lending relationship in a calendar month	1.80% p.a.	One month after this Smart Business$aver requirement has been satisfied e.g. if criteria are met in January, the bonus interest will be credited in February based on January’s average daily balance (ADB).
   B. FX Transactions	Successfully complete FX Transaction(s) in aggregate notional amount of at least S$50,000 via either Straight2Bank NextGen Platform or Treasury Services in a calendar month	1.00% p.a.
   C. Payroll	Successfully perform at least one Payroll transaction via Straight2Bank NextGen Platform in a calendar month	0.60% p.a
   D. Inward Credits	Have Total Monthly Credits in aggregate gross amount of at least S$80,000 in a calendar month	1.00% p.a.

   3.6 The average daily balance in your Smart Business$aver account which is eligible for bonus interest is subject to a cap we determine. We may change the cap at any time.

   3.7 We will credit any prevailing interest and bonus interest to your Smart Business$aver account monthly or at other regular intervals that we determine. The prevailing interest and bonus interest (if any) may be credited to your Smart Business$aver account on different dates.

   3.8 If a Smart Business$aver account is not valid and in good standing (as determined in the sole and absolute discretion of the Bank), such account will not receive prevailing interest. Without prejudice and in addition to the requirements set out in Clause 2.1, for the avoidance of doubt, Smart Business$aver accounts which did not receive prevailing interest for a calendar month will also not be eligible for bonus interest in that calendar month. If a particular Smart Business$aver account is inactive or deemed inactive (as determined in the sole and absolute discretion of the Bank), no bonus interest will be credited into the Smart Business$aver account. For the purpose of this clause, an active Smart Business$aver account refers to a Smart Business$aver account with regular transactional activities including, but not limited to, deposits and withdrawals in the preceding twelve (12) months (as determined in the sole and absolute discretion of the Bank).

   3.9 In the event that there is no active Smart Business$aver account that is valid and in good standing to which bonus interest may be credited, we reserve the right not to make payment of such bonus interest and you agree that your bonus interest shall be forfeited. In the event of any dispute, you agree that our decision is final and binding on you.

   3.10 For the avoidance of doubt, we reserve the right to vary (a) the prevailing interest rate, (b) the bonus interest rate (including for each Smart Business$aver category), (c) the cap on average daily balance which is eligible for bonus interest (if any), (d) the Smart Business$aver requirement and (e) the Smart Business$aver category, at our sole and absolute discretion from time to time.

4. Eligibility; Cap on number of Smart Business$aver accounts; and minimum Smart Business$aver account balance
   4.1 You must be a Business Banking customer of the Bank to be eligible to open and maintain a Smart Business$aver account
   4.2 You may have only one (1) Smart Business$aver account at any one time.
   4.3 You must maintain a minimum average daily balance in your Smart Business$aver account. If you do not maintain the minimum average daily balance we determine, you must pay a fee as set out in the tariff booklet or elsewhere in our banking agreement. We may vary the minimum average daily balance at any time without notice to you.
5. Meaning of words
   average daily balance or ADB means the sum of end-of-day balances in an account for each day in that month divided by the number of days in that month.
   Bank refers to Standard Chartered Bank (Singapore) Limited.
   Smart Business$aver account means the current/cheque account opened with Smart Business$aver.
   Smart Business$aver category means each of the categories set out in clause 2.1.2.
   Smart Business$aver requirement means the requirements set out in clause 2.1.
   bonus interest means any interest you earn in addition to prevailing interest when you satisfy the Smart Business$aver requirement, including in relation to a Smart Business$aver category, subject to bonus interest rates as may be varied from time to time and determined by us.  
   Foreign Exchange Transactions or FX Transactions means the current foreign exchange at which a currency can be bought or sold against another currency for value within two business days from the date of transaction booking.
   prevailing interest means any base interest you earn on deposit balances, subject to prevailing base interest rates as may be varied from time to time and determined by us.
   valid and in good standing means, in relation to an account:
   1. the account must not be dormant, suspended, cancelled, terminated or closed for any reason;
   2. any of the account holder’s accounts with us is not delinquent or unsatisfactorily conducted for any reason; and
   3. the account holder has/have not breached any term of our banking agreement.

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.

FX Disclaimer
Foreign currency investments are subject to risks of exchange rate fluctuations and exchange controls may be applicable from time to time to certain currencies.

The content of this document is for general information only and does not constitute an offer, recommendation or solicitation of an offer to enter into a transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration.

It has not been prepared for any particular person or class of persons and it has been prepared without regards to the specific investment objectives, financial situation or particular needs of any person. You should seek advice from a financial adviser on the suitability of the product for you, taking into account these factors before making a commitment to purchase the product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.

You are fully responsible for your investment decision, including whether the product or service described here is suitable for you. The products / services involved are not principal-protected and you may lose all or part of your original investment amount. The Bank will not accept any responsibility or liability of any kind, with respect to the accuracy or completeness of the information in this document.