Top Up Campaign ( Campaign ) for Private Banking Account-i ( PBA-i )

Transcription

1 Top Up Campaign ( Campaign ) for Private Banking Account-i ( PBA-i ) 1. The Campaign Period Terms and Conditions 1.1 The Terms and Conditions shall govern the Top Up Campaign for PBA-i ( Campaign ) commencing from 1 November 2017 to 31 January 2018 or upon reaching the Campaign set target (as determined by Maybank Islamic Berhad ( the Bank )), whichever is earlier ( Campaign Period ). 2. Eligibility 2.1 The Campaign is open to customers ( Account Holders ) who hold new or existing Premier Mudharabah Account-i (PBA-i) ( Account ) (who may consist of individuals or joint account holders) hereinafter referred to as ( Eligible Customers ). 2.2 Maybank Group employees are not eligible to participate in the Campaign. 3. Mechanics/Features of the Campaign 3.1 Eligible Customers shall earn bonus profit ( Bonus Profit ) on the incremental average daily balance ( Incremental ADB ) in the Account during the Campaign Period. The Bonus Profit is on top of the prevailing profit board rates ( Prevailing Profit Rate ). 3.2 Incremental ADB in the Account refers to the difference in the Average Daily Balance (ADB) during the Campaign Period as compared to the ADB in the Account for the month of July 2017 ( Baseline ). 3.3 Baseline i) New customers : Baseline = 0. ii) Existing customers : Baseline = Average Daily Balance (ADB) of July Average Daily Balance (ADB) New customers Existing customers For Accounts opened during the Campaign Period, the ADB for the respective month in which the account was opened is determined by computing the sum of every day-end balance from the day opened to the last day of calendar month divided by the number of participating days in that month. For Accounts opened before the Campaign Period, the ADB in the Account for the respective month is determined by computing the sum of every day-end balance in the Account in that month divided by the number of participating days in that month 3.5 Incremental ADB must be a minimum of RM20,000 and a maximum of RM1,500,000 for the Account. 3.6 For the purpose of this Campaign, the Bonus Profit rates applicable on the incremental balance during the Campaign Period is 1.20% p.a. for incremental ADB for the amount mentioned above.

2 3.7 Formula for bonus profit rate calculation: Incremental ADB x Bonus Profit Rate x No. of Participating Days/^No of Days in a Year ^Leap year = 366 years, Non-leap years = 365 days 4. Specific Terms and Conditions 4.1 Treatment of Eligible Customers with multiple accounts of same product Bonus Profit will be paid to the Account with the highest monthly incremental ADB If there is a tie in the monthly incremental ADB amount amongst 2 or more accounts held by a single Eligible Participants, Bonus Profit will be rewarded to the latest Account opened. 4.2 Bonus Profit will be credited to the Account within 14 business days of the following month or on such other date as determined by the bank. In the event that the Account is closed before the Bonus Profit is credited, no Bonus Profit shall be paid to the Account Holder. 4.3 After the Campaign Period, there shall be no Bonus Profit awarded to the Account and Prevailing Profit Rates shall apply. 4.4 Eligible Customers may be eligible for the Bonus Profit in one of the calendar months, but may not be eligible for Bonus Profit in the following month due to non-fulfilment of any of the eligibility criteria for bonus profit. 4.5 Only an active account shall be eligible. Dormant accounts shall not be considered. 4.6 For existing account(s) converted to PBA-i, the starting date for the calculation of bonus profit rate will be the date of conversion. 5. Gift 5.1 In addition to the Bonus Profit above, Eligible Participants who are in the *Private Wealth and **Premier Wealth Customer category who meet the following criteria: i. Open a New Private Banking Account-i (PBA-i) with a minimum Incremental ADB of RM250,000 for the respective month; and ii. Activate Maybank Wealth App within the same month of Private Banking Account-i (PBA-i) opening; will be entitled to the following Gift: Ogawa Biofreeze Ultrasonic Aroma Humidifier with Clock worth ^RM299 (Limited to the first 250 Private Wealth and Premier Wealth Customers during the campaign period) ( Winner ) ^Price shown is an indicative price of the gift. *The requirements of a Private Wealth customer are as follows: Age 18 years and above, both Malaysian and Non-Malaysian Residents, who open or maintain:

3 (i) Any combination or single product of deposits or investments; Investable Assets of RM3,000,000 and above; OR (ii) Any combination or single product of financing, deposits and investments; Total Financial Assets of RM4,000,000 and above ** The requirements of a Premier Wealth are as follows: Age 18 years and above, both Malaysian and Non-Malaysian Residents, who open or maintain: (i) Any combination or single product of deposits or investments; Investable Assets of RM250,000 and above; OR (ii) Any combination or single product of financing, deposits and investments; Total Financial Assets of RM1,000,000 and above 5.2 This campaign is valid until 31 December The Gift is not exchangeable for cash, credit or kind and is limited to one Gift per Winner throughout the Campaign Period. The bank has the right to replace the Gift with an item(s) of equivalent value without prior notice. 5.4 For any joint account, only the successful account holder will be entitled to the Gift. 5.5 Fulfilment of the Gift will be executed within the following month from the Winners selection period or such date(s) as may be determined by the bank in its sole discretion. 5.6 Gifts will be delivered to Winner s last known addresses through registered courier service or Maybank branches or Maybank Premier Wealth Centres/Lounges, subject to Winner s preferred delivery mode. 5.7 The image of the Gift (if any) in any brochure, marketing or campaign material relating to this Campaign is for illustrative purposes only. 5.8 The bank, its related corporations, employees and/or independent contractors shall not be liable for any loss, injury, liabilities, expense or damage whatsoever or howsoever incurred or sustained by selected Winner and/or any other person by reason of, arising from or in connection with the Campaign and/or the usage of the Gift and/or of any service, product or facility of any merchant or any transaction that are processed late, incorrectly or lost due to computer or other electronic breakdown or malfunction or for any other reason.

4 6. General Terms and Conditions 6.1 By participating in this Campaign, the Eligible Customers agree and consent to allow his/ her personal data being collected, processed and used by the Bank in accordance with Maybank Privacy Notice, which may be viewed on ( Maybank s Privacy Notice ). 6.2 In addition and without prejudice to the terms in the Maybank s Privacy Notice, the Eligible Participant agree and consent to his/her personal data or information being collected, processed and used by the Bank for:- a) The purposes of the Campaign; and b) Marketing and promotional activities conducted in such manner as the Bank believe to be fit in any media including but not limited to any form of advertising or publicity media and materials such as audio and/or visual recordings published through newspapers, television networks, radio stations or online and digital media and on the Internet, without further express consent from the Eligible Customers. Marketing and promotion activities include without limitation the use and/or publication of any details provided in and/or in connection to the entries, interviews material as well responses and related photographs. In this regard, Eligible Customers agree to co-operate and participate without further express consent and/or payment or consideration, in all reasonable advertising and publicity activities of the Bank in relation to the Campaign. 6.3 The Bank reserves the rights to withdraw, cancel, suspend, extend or terminate the Campaign earlier in whole or in part as the Bank may deem fit. The Bank also reserves the right to vary, supplement, delete, amend or modify any of these Terms and Conditions from time to time by giving at least minimum of twenty one (21) calendar days prior notice thereof and the notice shall be posted at or through any other channel or channels that the Bank may deem as appropriate and thereupon such amended details shall be deemed to become effective and shall be read and construed as if such amended details have been incorporated into and formed part of the Terms and Conditions. 6.4 By participating in the Campaign, the Eligible Customers are deemed to have read, understood and agreed to be bound by the Terms and Conditions stated herein and agree that any and all decisions made by the Bank in relation to the Campaign shall be final and conclusive. 6.5 All Eligible Customers shall be personally liable for all taxes, rates, government fees or any other charges that may be levied against them under the applicable laws, if any. 6.6 The Terms and Conditions shall be supplemental to the General Terms and Conditions Governing Deposit Accounts for Islamic Banking or General Terms and Conditions for Mudarabah Investment Account Transaction, whichever applicable. The Terms and Conditions shall prevail over any provisions or representatives contained in any promotional materials (including without limitation printed posters or leaflets) advertising the Campaign.

5 6.7 The Bank shall not be liable to any Eligible Customer for any loss or damage or whatsoever nature suffered by the Eligible Customer or any other party (including but not limited to, loss of income, profits or goodwill) howsoever arising, in relation to participation in the Campaign. 6.8 The Bank shall not be responsible and/or liable nor shall it accept any form of liability whatsoever nature and howsoever arising or suffered by the Eligible Customers resulting directly or indirectly from the Eligible Customers participation in the Campaign due to any act of God, war, riot, lockout, industrial action, fire, flood, drought, storm or any event beyond the reasonable control of the Bank. 6.9 The Terms and Conditions shall be governed by the laws of Malaysia and subject to the exclusive jurisdiction of the Malaysian courts.

6 Top Up Campaign ( Campaign ) for Private Banking Account (PBA) Terms & Conditions 1. This Campaign is organised by Malayan Banking Berhad ( Maybank ). By participating in this Campaign, the Eligible Participants hereby expressly agree to be bound by these Terms & Conditions and the decisions made by Maybank. This Campaign commences from 1 November 2017 to 31 January 2018 ( Campaign Period ). Eligibility 2. Only customers ( Account Holders ) who hold new or existing Private Banking Account (PBA) ( Account ) (which may consist of individuals or joint account holders) are eligible to participate in this Campaign. 3. Maybank employees are not eligible to participate in the Campaign. [hereinafter referred to as Eligible Participant(s) ) Campaign Mechanics: Bonus Interest 4. Eligible Participants shall earn bonus interest ( Bonus Interest ) on the incremental average daily balance ( Incremental ADB ) in the Account during the Campaign Period. The Bonus Interest is on top of the prevailing interest board rates ( Prevailing Interest ). 5. Incremental ADB in the Account refers to the difference in the Average daily balance (ADB) during the Campaign Period as compared to the ADB in the Account for the month of June 2017 ( Baseline ). 4.1 Baseline i) New customers : Baseline = 0. ii) Existing customers : Baseline = Average Daily Balance (ADB) of June Average Daily Balance (ADB) i) New customers : For Accounts opened during the Campaign Period, the ADB for the respective month in which the account was opened is determined by computing the sum of every day-end balance from the day opened to the last day of calendar month. ii) Existing customers : For Accounts opened before the Campaign Period, the ADB in the Account for the respective month is determined by computing the sum of every day-end balance in the Account in that month divided by the number of days in that month. 6. Incremental ADB must be a minimum of RM20,000 and a maximum of RM1,500,000 for the Account. 7. For the purpose of this Campaign, the Bonus Interest rates applicable on the incremental balance during the Campaign Period is: Balance (RM) Board Rate 1 Bonus Interest 2 Total Rate 3 (Board Rate + Bonus Interest) Up to RM50K 0.80% p.a. 2.00% p.a. Up to RM100K 2.00% p.a. 3.20% p.a. Up to RM250K 2.10% p.a. 1.20% p.a. 3.30% p.a. Up to RM500K 2.20% p.a. 3.40% p.a. Above RM500K to RM1.5mil 2.30% p.a. 3.50% p.a. 1 Board rate is calculated based on account s balance outstanding. 2 Bonus interest is calculated based on incremental average daily balance. 3 The rates may be revised accordingly to reflect the changes of the Overnight Policy Rate (OPR) set by Bank Negara Malaysia. Page 1 of 3

7 Top Up Campaign ( Campaign ) for Private Banking Account (PBA) Terms & Conditions Formula for bonus interest rate calculation: Others: 8. Treatment of Eligible Participants with Multiple Accounts of Same Product. 8.1 Bonus Interest will be paid to the Account with the highest monthly incremental ADB. 8.2 If there is a tie in the monthly incremental ADB amount amongst 2 or more accounts held by a single Eligible Participants, Bonus Interest will be rewarded to the latest Account opened. 9. Bonus Interest will be credited to the Account within 14 business days of the following month or on such other date as determined by Maybank. In the event that the Account is closed before the Bonus Interest is credited, no Bonus Interest shall be paid to the Account Holder. 10. After the Campaign Period, there shall not be Bonus Interest awarded to the Account and Prevailing Interest rates shall apply. 11. Eligible Participants may be eligible for the Bonus Interest in one of the calendar months, but may not be eligible for Bonus Interest in the following month due to non-fulfilment of any of the eligibility criteria for bonus interest. 12. Only an active Account shall be eligible. Dormant accounts shall not be considered. 13. For existing account(s) converted to Private Banking Account (PBA), the start date for the calculation of bonus interest rate will be the date of conversion. Gift: Incremental ADB x Bonus Interest Rate x No. of Days/^No of Days in a Year ^Leap year = 366 years, Non-leap years = 365 days 14. In addition to the Bonus Interest above, Eligible Participants who are in the *Private Wealth and **Premier Wealth Customer category who meet the following criteria- i) Open a New Private Banking Account (PBA) with a minimum Incremental ADB of RM 250,000 for the respective month; and ii) Activate Maybank Wealth App within the same month of Private Banking Account (PBA) opening; will be entitled to the following Gift- Ogawa Biofreeze Ultrasonic Aroma Humidifier with Clock worth ^RM299 (Limited to the first 250 Private Wealth and Premier Wealth Customers during the campaign period) ( Winner ) ^Price shown is an indicative price of the gift. *The requirements of a Private Wealth customer are as follows: Age 18 years and above, both Malaysian and Non-Malaysian Residents, who open or maintain: (i) Any combination or single product of deposits or investments; Investable Assets of RM3,000,000 and above; OR (ii) (ii) Any combination or single product of financing, deposits and investments; Total Financial Assets of RM4,000,000 and above **The requirements of a Premier Wealth are as follows: Age 18 years and above, both Malaysian and Non-Malaysian Residents, who open or maintain: (i) Any combination or single product of deposits or investments; Investable Assets of RM250,000 and above; OR (ii) (ii) Any combination or single product of financing, deposits and investments; Total Financial Assets of RM1,000,000 and above. 15. This campaign commences from 1 October 2017 to 31 December Page 2 of 3

8 Top Up Campaign ( Campaign ) for Private Banking Account (PBA) Terms & Conditions 16. The Gift is not exchangeable for cash, credit or kind and is limited to one Gift per Winner throughout the Campaign Period. Maybank has the right to replace the Gift with an item(s) of equivalent value without prior notice. 17. For any joint account, only the successful account holder will be entitled to the Gift. 18. Fulfilment of the Gift will be executed within the following month from the Winners selection period or such date(s) as may be determined by Maybank in its sole discretion. 19. Gifts will be delivered to Winner s last known addresses through registered courier service or Maybank branches or Maybank Premier Wealth Centres/Lounges, subject to Winner s preferred delivery mode. 20. The image of the Gift (if any) in any brochure, marketing or campaign material relating to this Campaign is for illustrative purposes only. 21. Maybank, its related corporations, employees and/or independent contractors shall not be liable for any loss, injury, liabilities, expense or damage whatsoever or howsoever incurred or sustained by selected Winner and/or any other person by reason of, arising from or in connection with the Campaign and/or the usage of the Gift and/or of any service, product or facility of any merchant or any transaction that are processed late, incorrectly or lost due to computer or other electronic breakdown or malfunction or for any other reason. General: a. Maybank reserves the right to withdraw, cancel, suspend, extend or terminate this Campaign earlier in whole or in part and reserves the right to modify any of the terms and conditions contained herein, from time to time by giving at least minimum of twenty one (21) days prior notice thereof, the notice of which shall be posted through Maybank2u website at or through any other channel or channels that Maybank may deem as appropriate. b. By participating in this Campaign, Eligible Participants agree to access to Maybank website at on a regular basis to view the terms and conditions herein and seek clarification from Maybank should any of the terms & conditions be not fully understood and to ensure that they are kept-up-to-date with any changes or variations made to the terms and conditions herein. By participating in this Campaign, the Eligible Participants agree to be bound by the Terms and Conditions herein set forth including any amendment thereto. c. In no event shall Maybank nor any of its officers, servants, employees, representatives and/or agents (including without limitation, any third party service providers engaged by Maybank for purposes of this Campaign) be liable to Eligible Participants in this Campaign for any direct, indirect, special or consequential loss or damage (including but not limited to, loss of income, profits or goodwill) arising from or in connection with this Campaign. d. Maybank shall not be responsible and / or liable nor shall it accept any form of liability in whatsoever nature and howsoever arising or suffered by Eligible Participants resulting directly or indirectly from the Eligible Participants participation in this Campaign or otherwise. Furthermore, Maybank shall not be liable for any default of its obligation under this Campaign due to any force majeure event which include but not limited to act of God, war, riot, lockout, industrial action, fire, flood, drought, storm or any event beyond the reasonable control of Maybank. e. These Terms and Conditions shall be governed by the Laws of Malaysia and subject to the exclusive jurisdiction of the Courts of Malaysia. Page 3 of 3