Chong Hing Bank - Donation to Wah Yan One Family (WYOFF)

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Chong Hing Bank - Donation to Wah Yan One Family (WYOFF)

For each new successful designated personal account opening at Chong Hing Bank during the Period with requirements fulfilled¹, a donation of up to HK$1,100 will be made to Wah Yan One Family (“WYOFF”) by Chong Hing Bank. Each customer who has successfully opened a New Exceed Banking Account can at the same time enjoy up to HK$20,000* welcome rewards, click here for details.

¹Successful Designated Personal Account Opening at Chong Hing Bank

Designated Personal Account Type at Chong Hing Bank

Account Type	New Deposit Account	New Exceed Banking Account
Donation Amount	HK$100	HK$1,100
Requirements	Maintain a Total Asset Balance of HK$100,000 (or its equivalent) or above with the Bank within the first 6 months after successful account opening; and Have a valid “Wah Yan One Family” credit card of the Bank until fulfillment date; and Fulfil any 2 or more of the following requirements: log on to Chong Hing Mobile Banking / Internet Banking Services successfully; perform Foreign Exchange transaction with accumulated amount of HK$100,000 (or its equivalent) or above; complete Investment Fund subscription transaction^; complete Currency Linked Deposits subscription transaction ^.	Maintain a Total Asset Balance of HK$1,000,000 (or its equivalent) or above with the Bank within the first 6 months after successful account opening; and Have a valid “Wah Yan One Family” credit card of the Bank until fulfillment date

Remarks:

*The welcome rewards for New Exceed Banking customers are subject to the respective terms and conditions. For details, please contact any local branch of the Bank or call the Exceed Banking Hotline at 3768 8838.
^Investment involves risks. For details, please refer to the risk disclosure statement of the investment services. Clients should seek independent professional advice if needed.

To borrow or not to borrow? Borrow only if you can repay!

Chong Hing Bank - Donation to Wah Yan One Family (WYOFF) (“Programme”)

General Terms and Conditions

This Programme is valid from 1 December 2021 to 30 November 2022 (both dates inclusive) (“Period”).

This Programme is only applicable to customers who have opened a new personal Savings and/or Current Account (including joint name account) or a New Exceed Banking Account (including joint name account) with the Bank successfully within the Period (“New Customer”).

“New Customer” refers to customers who have not held any single name and/or joint name account (except credit card account) with the Bank in the past 1 month before the new personal Savings and/or Current Account (including joint name account) or the New Exceed Banking Account (including joint name account) opening.

Chong Hing Bank Limited (the “Bank”) reserves the right, at its sole discretion, to suspend, vary or terminate the Programme and to amend these terms and conditions from time to time without any notice. The decision of the Bank on all matters relating to the Programme, including but not limited to the relevant rewards of the participants, shall be final and binding.

The Contracts (Rights of Third Parties) Ordinance shall not apply to this Programme, the related offers and the terms and conditions.

This Programme thereof, its terms and conditions are construed in accordance with, and are governed by the laws of Hong Kong Special Administrative Region.

In case of any inconsistencies between the English and Chinese versions of these terms and conditions, the English version shall prevail.

II.

Donation Terms and Conditions

“New Deposit Account” (Donation of HK$100)
Customers have to fulfil ALL the requirements below:

Maintain a Total Asset Balance of HK$100,000 (or its equivalent) or above with the Bank within the first 6 months after successful account opening; and

ii.

Have a valid “Wah Yan One Family” credit card of the Bank until fulfillment date; and

iii.

Fulfil any 2 or more of the following requirements:

•	log on to the Internet Banking / Chong Hing Mobile Banking Services successfully;
•	perform Foreign Exchange transaction with accumulated amount of HK$100,000 (or its equivalent) or above;
•	complete Investment Fund subscription transaction;
•	complete Currency Linked Deposits subscription transaction.

“New Exceed Banking Account” (Donation of HK$1,100)
Customers have to fulfil ALL the requirements below:

i.	Maintain a Total Asset Balance of HK$1,000,000 (or its equivalent) or above with the Bank within the first 6 months after successful account opening; and
ii.	Have a valid “Wah Yan One Family” credit card of the Bank until fulfillment date.

Donation to WYOFF from Chong Hing Bank upon successful “New Deposit Account” or “New Exceed Banking Account” opening and fulfilling the above requirements of each New Customer during the Period.

Account Type	New Deposit Account	New Exceed Banking Account
Donation Amount	HK$100	HK$1,100

“Total Asset Balance” refers to the aggregate account credit balance of all deposits, market value of investment funds and currency linked deposit under the customer’s name at the Bank. For joint name account, its “Total Asset Balance” is calculated by the average number of customer as its account holders.

The Bank's record as to the amount of Total Asset Balance will be conclusive. The Bank reserves the right of final decision on any dispute in the definition and calculation of “Total Asset Balance”.

The Bank will arrange the donation to WYOFF according to the schedule below:

Customer’s successful account opening period	Fulfillment date
1 December 2021 to 31 December 2021	On or before 31 July 2022
1 January 2022 to 31 March 2022	On or before 31 October 2022
1 April 2022 to 30 June 2022	On or before 31 January 2023
1 July 2022 to 30 September 2022	On or before 30 April 2023
1 October 2022 to 30 November 2022	On or before 31 July 2023

If customers open a joint name account, the successful account opening is only counted once.

The Programme cannot be used in conjunction with other offers.

Risk Disclosure Statement

•

This promotion material is for reference only and does not constitute any offer or solicitation to subscribe or redeem any investment products.

•

Certain investment funds is investment products involving derivatives. The investment decision is yours but you should not invest in the 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. Investment involves risks. Past performance is not indicative of future performance. The price of investment products may move up or down, and may become valueless. Investors should consider their own investment objective, financial position, risk tolerance level and relevant circumstances, and read the relevant offering documents and risk disclosure statement before making any investment decision. If investors have any doubt, they should seek independent professional advice. Investment product is not capital protected and is not a normal time deposit, and thus should not be considered as a normal time deposit or its alternative. Currency-Linked Deposit is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.Investors should not make investment decisions based on the information of this promotion material alone. The information of this promotion material is issued by Chong Hing Bank Limited. It has not been reviewed by the Securities and Futures Commission of Hong Kong or any regulatory authorities in Hong Kong.

•

Foreign currency investments are subject to exchange rate fluctuation which may provide opportunities and risks. The fluctuation in the exchange rate of foreign currencies may result in gains or losses in the case where the customer converts foreign currency to HK dollars or other foreign currencies. You should therefore carefully consider whether such trading is suitable in light of your own financial position and investment objectives. RMB is not freely convertible and conversion of RMB through banks in Hong Kong is subject to the rules, regulations and guidelines from the relevant regulatory authorities or entities from time to time.

For any enquiries, please call our Customer Services Hotline: 3768 6888