1. This Standard Chartered & Trusple Sign-Up Promotion (the “Promotion“) is available from 1 June 2021 to 30 June 2021 (both dates inclusive) (the “Promotion Period“) to all new and existing Business Banking clients of Standard Chartered Bank (Singapore) Limited (“Standard Chartered” or the “Bank”). By participating in this Promotion, you agree to be bound by these terms and conditions.

Eligibility

2. To participate in this Promotion and to qualify for the Cashback and/or Waiver (each as defined below):
   1. you must during the Promotion Period:
      1. if you are a New Client (as defined below) of the Bank, successfully apply through the Bank for a Smart Business$aver current account, BusinessOne current account, or Business$aver current account as a main account holder, or if you are an Existing Client (as defined below) of the Bank, maintain a Smart Business$aver current account, BusinessOne current account, or Business$aver current account as a main account holder with the Bank. Each of the aforementioned accounts shall also be referred to as the “Current Account”;
      2. indicate your interest to sign up for the Trusple Platform (“Trusple”) at https://www.sc.com/sg/business-global-banking/trusple/; and
      3. successfully register as a user or is an existing user on Trusple;
   2. both your application for the Current Account and your application to be registered on Trusple must be approved by the Bank and Trusple respectively, as may be applicable;
   3. you must:
      1. if you are a New Client of the Bank:
         1. successfully open your Current Account before 31 August 2021 and deposit the minimum sum as specified in the respective Current Account opening form (such minimum sum to be referred to as the “Minimum Deposit“) into the Current Account at the time of account opening;
         2. maintain the Minimum Deposit in your Current Account until 31 August 2021; and
         3. successfully register / link your Current Account on Trusple and designate it as the bank account from which payment shall be made to satisfy your payment obligations on Trusple by 31 August 2021;
      2. if you are an Existing Client of the Bank:
         1. maintain the Minimum Deposit in your Current Account until 31 August 2021; and
         2. register / link your Current Account on Trusple and designate it as the bank account from which payment shall be made to satisfy your payment obligations on Trusple by 31 August 2021; and
   4. your Current Account and the registration / linkage and designation of your Current Account on Trusple (as referred to in Clause 2c above) must be validly existing (i.e. must not be suspended, cancelled or terminated), in good standing, and conducted in a proper and satisfactory manner at all times during the period from 1 June 2021 to 31 August 2021, or such time as determined by the Bank in its sole and absolute discretion.

For the purposes of this Promotion,

“New Client” refers to a [private limited company, partnership, sole proprietor] which, at the time of application for a Current Account, does not maintain any current, savings or deposit accounts, or credit facilities, with the Bank. For the avoidance of doubt, a New Client must not have had a previous Current Account suspended, cancelled or terminated in the last 12 months prior to [the time of application for a Current Account].

“Existing Client” refers to an existing client (being a private limited company, partnership or sole proprietor) of the Bank which, at the time of indicating its interest for Trusple in accordance with Clause 2(a)(ii) above), already maintains at least one Current Account with the Bank.

3. In addition, you shall be entitled to enjoy a waiver of cable charges (as charged by the Bank) upon fulfilment of the above criteria and when you conduct Outward Telegraphic Transfer (“OTT”) transactions on Trusple through the Bank during the period from 1 June 2021 to 31 August 2021.

Cashback and Waiver  

4. If you satisfy the qualifying criteria in Clause 2, you will receive a sign-up cashback (the “Cashback”), as stipulated in the table below:

The Cashback will be credited to your Current Account by 1 November 2021. Where you maintain two or more Current Accounts with the Bank, the Cashback shall be credited into any one of your Current Accounts to be determined by the Bank in its sole and absolute discretion.

5. If you satisfy the qualifying criteria in Clause 3 above, you will receive waiver on the applicable cable charges (as charged by the Bank) stated in https://av.sc.com/sg/content/docs/BB_Pricing-Guide.pdf (such waiver to be referred to as the “Waiver”) for the OTT transaction referred to in Clause 3. For the avoidance of doubt, fees imposed by other banks may be applicable and shall be borne by the remitter.

General

6. Unless otherwise stated, the Promotion is not valid with other offers, discounts, rebates, vouchers, privileges or promotions.
7. The Cashback and/or Waiver is not exchangeable for any other items and is non-transferable and non-assignable, whether in full or in part.
8. The Bank reserves the right to determine at our sole and absolute discretion all matters arising out of or in connection with the Promotion, including without limitation whether you are eligible for the Cashback and/or Waiver, and the amount of Cashback and/or Waiver. We will not be obliged to disclose reason(s) for not granting the Cashback and/or Waiver to you, and our determination shall be final and conclusive, and no correspondence will be entertained.
9. The Bank may at any time vary, modify, add, delete or otherwise revise any of these Promotion terms and conditions, including terminating or withdrawing the Promotion, and to extend or shorten the Promotion Period, and substituting the Cashback and/or Waiver with any item of equivalent or similar value, without prior notice or reason. You understand and agree to be bound by any such variation.
10. The Bank reserves the right to decline to award the Cashback and/or Waiver (or if applicable, cancel crediting of the Cashback), or deduct from any of your accounts with the Bank the value of the Cashback awarded, under this Promotion (without notice to you), in the event that the Bank determines (in its sole and absolute discretion) that any of the requirements or the terms of our banking agreement had not been complied with, including but not limited to the following:
    1. where you have acted fraudulently or dishonestly;
    2. where you have conducted yourself in bad faith or otherwise in an inappropriate manner to gain an unfair advantage against the Bank; or
    3. upon the occurrence of any event giving rise to a right for the Bank to suspend or terminate any (or all) of our banking agreement for a product, as set out in the General Business Banking Terms and Conditions and elsewhere in any of our banking agreement.

You further agree that, under any of the circumstances stated above, the Bank is not obliged to substitute the Cashback and/or Waiver with a gift or account credit of lower value.

11. The Bank shall not be responsible for, and you hereby agree to release and hold the Bank harmless for, any expenses, loss (whether foreseeable or not), claim or damage suffered or incurred (whether in common law or equity) arising from or in connection with, directly or indirectly, your redemption of, acceptance, possession, use or misuse of the Cashback, Waiver and/or the Promotion, and your use of Trusple, to the fullest extent permitted by law. For the avoidance of doubt and without limitation to the foregoing, the Bank shall not be responsible or liable to any person in any manner in the event the Cashback and/or Waiver is redeemed (whether fraudulently or mistakenly) by any unauthorised recipient.
12. In the event of any inconsistency between these Promotion terms and conditions and any brochures, marketing or promotional materials relating to this Promotion, these Promotion terms and conditions shall prevail to the extent of such inconsistency.
13. These Promotion Terms and Conditions are to be read in conjunction with our terms and conditions governing the relevant products and services referred to in this Promotion, the General Business Banking Terms and Conditions and such other applicable terms (collectively, the “Other Terms”). If there is any inconsistency between these terms and conditions and the Other Terms, these terms and conditions prevail only to the extent of such inconsistency.
14. A person who is not a party to these Promotion terms and conditions has no right under the Contracts (Rights of Third Parties) Act (Cap. 53B) to enforce any of these Promotion terms and conditions.
15. These Promotion 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.
16. All information is correct at the time of publishing.

IMPORTANT DISCLAIMERS:

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.