Priority Banking Deposit Savvy Campaign

Priority Banking Deposit Savvy Campaign
Terms and Conditions
PROMOTION PERIOD
1. The Hong Leong Bank Berhad’s (“HLB”) Priority Banking Deposit Savvy Campaign
(“Promotion”) commences on 4 July 2014 and ends on 31 December 2014, both dates
inclusive, or upon reaching Ringgit Malaysia Four Hundred Million (RM400 Million) fund
size for three (3) months FD bundling with Premium Savings Account, whichever comes
first (“Promotion Period”), unless otherwise notified by way of posting on HLB’s website
at www.hlb.com.my (“HLB Website”).
ELIGIBILITY
2. The Promotion is open to New To Bank (“NTB”) Priority Banking (“PB”) Customers and
Upgraded PB Customers who meet the HLB PB Membership Qualifying Criteria
(“collectively referred to as New PB Customers”) including Malaysian and non-Malaysian
individuals unless notified otherwise.
3.
NTB PB Customers refers to an individual without an existing account with HLB Bank .
4. Upgraded PB Customers refer to existing HLB customers without an existing PB
membership (“Upgraded PB Customers”).
5. HLB PB Membership qualifying criteria refers to total combined liquid assets of RM200,000
or such other amount as may be specified by the Bank from time to time (“Qualifying
Criteria”).
6. For the purpose herein, the term “Liquid Assets” shall mean all sums standing to the credit
in FD Account, CASA and/or Foreign Currency Account as well as the Principal Amount
of any investment products with the HLB at any one time.
PROMOTION MECHANICS
7. New PB Customers are eligible for the Promotional FD Rate when they fulfill the
Minimum Total Placement Amount Minimum for a prescribed Tenure as well as the
corresponding Minimum Deposit Amount in the Premium Savings Account (“SA”) as
specified in the table below (“Eligible PB Customers”):
Category of
Customers
Fixed
Deposit
Tenure
Promotional
FD Rate
Minimum Total
Placement
Amount for
Bundle
NTB PB
Customers
3 months
4.00%
RM200,000
Upgraded
PB
Customers
3 months
4.00%
RM100,000
Maximum Fixed
Deposit Amount of
3 months tenure
75% of Total
Placement
Amount
75% of Total
Placement
Amount
Minimum Deposit
Amount in
Premium SA
(earmark for 90
days)
25% of Total
Placement Amount
25% of Total
Placement Amount
8. The Promotion is applicable for New Funds only. “New Funds” is defined as:
(a) Cash, interbank GIRO, new funds received via telegraphic transfer from other banks,
local cheque or banker’s cheque issued by other banks;
(b) Redeemed equity unit trust funds, bonds and Hong Leong Invest Safe that are redeposited into any HLB Savings or Current Account/i;
9. “New funds” are NOT:
(a) Maturing FD or General Investment Account (“GIA”) or premature withdrawal of FD or
GIA;
(b) Inter-branch transfer within HLB and Hong Leong Islamic Bank Berhad (“HLISB”)
including third (3rd) party transfer.
10. For avoidance of doubt:
(i) NTB PB Customers
(a)
(b)
Minimum Total Placement amount is RM200,000 for each NTB PB customer; and
Deposit the specified Minimum Deposit Amount into a Premium SA, and
earmark for ninety (90) days (“Earmarked Duration”).
(ii) Upgraded PB Customers
(a)
(b)
Minimum Total Placement amount is RM100,000 for each Upgraded PB
Customer; and
Deposit the specified Minimum Deposit Amount into a Premium SA and earmark
for the Earmarked Duration.
11. Placement of Premium SA shall be made concurrently with the FD placement.
12. In the event the Premium SA and/or the FD placement is cancelled, removed (in part or in
full) or released in less than the Earmarked Duration for whatever reasons, the prevailing
3-month FD board rate shall apply.
13. Interest add-on to FD Principal Amount is strictly not allowed. FD interest and Total Amount
in Premium SA shall be credited into the New PB Customers’ nominated Current Account or
Saving Account (“CASA”) upon maturity.
14. Auto-renewal of Promotional FD Rate is not allowed. Upon maturity, the FD shall be
renewed at the prevailing 3-month FD board rate.
15. Partial FD withdrawal is not allowed.
16. For any premature withdrawal of FD whether voluntarily or involuntarily, no interest is
payable if the FD is uplifted in less than three (3) completed months.
17. FD placement must be made at the home branch or Priority Banking Centre for New PB
Customers.
GENERAL TERMS AND CONDITIONS
18. The Promotion is NOT valid with any other on-going promotions or (including UT products)
enjoying promotional sales charge(s) offered by HLB from time to time.
19. New PB Customers who have committed or are suspected of committing any fraudulent or
wrongful acts in relation to any of the facilities granted by HLB or have been declared
bankrupt (pursuant to a petition by either banks or by any third party) or are subject to any
bankruptcy proceedings at any time prior to or during the Promotion Period shall NOT be
eligible to participate in the Promotion.
20. HLB reserves the right to decline New PB Customers’ eligibility for the Promotion for any
reason whatsoever as HLB may, in its absolute discretion deem fit.
21. By participating in the Promotion, the New PB Customers agree to be bound by these
Promotion terms and conditions, General Terms and Conditions of the Accounts or any
other relevant terms and conditions that HLB may impose from time to time with twentyone (21) calendar days’ prior notice, as well as the decisions of HLB.
22. HLB’s decision on all matters relating to the Promotion shall be final and binding on all New
PB Customers and no further correspondence and/or appeal to dispute such decisions will
be entertained.
23. New PB Customers are liable and shall personally bear all applicable taxes, government fees
or any other charges that may be levied against them under applicable laws, if any, in
relation to participating in this Promotion.
24. HLB reserves the right at any time with twenty-one (21) calendar days’ prior notice to add,
delete or vary the terms and conditions contained herein, wholly or in part, at its absolute
discretion by way of posting the amended Terms and Conditions on the HLB Website or in
any manner deemed suitable by HLB.
25. New PB Customers agree to access the HLB Website at www.hlb.com.my at regular time
intervals to view the terms and conditions and to ensure they are kept up-to-date on any
change or variation to the terms and conditions.
26. These terms and conditions shall be governed by and construed in accordance with the laws
of Malaysia and New PB Customers agree to submit to the jurisdiction of the Courts of
Malaysia.
27. In the event of any discrepancy between the terms and conditions and any advertising,
promotional, publicity and other materials relating to or in connection with the Promotion,
the final terms and conditions on the HLB Website shall prevail.
Deposit Products are eligible for protection by PIDM.

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