CIMB BANK BERHAD S ( THE BANK S ) TERMS AND CONDITIONS GOVERNING THE CAMPAIGN FOR NEW PAYROLL ACCOUNT SIGN UP

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1 CIMB BANK BERHAD S ( THE BANK S ) TERMS AND CONDITIONS GOVERNING THE CIMB@WORK CAMPAIGN FOR NEW PAYROLL ACCOUNT SIGN UP The Campaign Period 1. The CIMB@Work Campaign for New Payroll Account Sign-Up ( this Campaign ) is organised by CIMB Bank Berhad ( the Bank or CIMB Bank ) and shall be from 1 st January 2015 to 30 th June 2015, both dates inclusive ( the Campaign Period ). 2. The Extended CIMB@Work Campaign for New Payroll Account Sign-Up ( Extended Campaign ) shall run from 1 st July, 2015 to 31 st December, 2015, both dates inclusive ( Extended Campaign Period ). 3. The Bank reserves the right upon giving adequate notice to change the duration and/or the commencement and/or expiry dates of the Campaign Period. Eligibility 4. For the purpose of the terms and conditions herein, the term CIMB@Work Customer means eligible persons who have been accepted by the Bank as CIMB@Work Customer. To be eligible for consideration by the Bank as CIMB@Work Customer, the customer must:- (a) have his/her monthly payroll credited into a Participating Conventional Current Account or Conventional Savings Account or convert an existing Current Account or Savings Account to CIMB@Work Payroll Account within the Extended Campaign Period ( Payroll Account ); (b) have enrolled himself/herself as a CIMB@Work Customer and whose employer subscribes to the CIMB@Work package by means of processing all salary payments to employees via CIMB BizChannel or CIMB Autopay Diskette File Transfer. Enrollment may be made by visiting the nearest CIMB Bank branch or by calling the CIMB Bank Contact Center at and identifying themselves as a payroll customer; (c) be enrolled under the CIMB@Work scheme and attain a valid CIMB POS Enabled Debit Card. Customers may upgrade to a CIMB POS Enabled Debit Card by visiting the nearest CIMB Bank branch; and (d) satisfy any other eligibility criteria determined at the discretion of the Bank prior to the acceptance of the individual as a CIMB@Work Customer. 5. This Campaign is only available for participation by CIMB@Work Customers who during the Extended Campaign Period have complied with the conditions as stated in Clause 3 above and have been accepted by the Bank as CIMB@Work Customer ( the Eligible Participant(s) ). 5. The Bank s records that has the identities of the Eligible Participant(s) shall be deemed final and conclusive. 1

2 The Campaign Mechanics Entitlement to interest rate of up to 3% p.a. 6. Subject to the terms and conditions herein, the Eligible Participant(s) shall upon satisfying the following minimum requirements be entitled to interest rate of up to 3% p.a. for the first six (6)months from the first (1st) salary payment into the Payroll Account:- (a) The Eligible Participant(s) must open a Participating Conventional Current Account or Conventional Savings Account for payroll crediting purpose or convert an existing Conventional Current Account or Conventional Savings Account to CIMB@Work Payroll Account within the Extended Campaign Period (hereinafter referred to as the Participating CASA ). The list of Participating CASA are detailed in Clause 7 herein.; (b) the Eligible Participant(s) must receive monthly salary payment via Payroll Account and the 1 st monthly salary payment must be credited into the Payroll Account within the Extended Campaign Period; and (c) the Eligible Participant(s) must maintain a minimum average monthly balance of RM2,000 in the Payroll Account. 7. The list of Participating CASA is detailed below: Product Code a. SAAASD0001 b. SABAAF0001 c. SABASP0001 d. SABAWF0001 e. SADBGP0001 f. SAMXPB0001 g. SAPRSA0001 h. SASAPB0001 i. SASAST0001 j. SASSPB0001 k. SASSST0001 l. CABAAF0001 m. CABAWF0001 n. CACBMM0001 o. CADBPP0001 p. CADEPA0001 q. CAFLAG0001 r. CAMAXP0001 s. CAMXPL0001 t. CAPREF0001 u. CAPRIM0001 a. SAYSAP0001 v. SAYSAS0001 Product Name AIR ASIA SAVER BASIC SA WITH FEE BASIC SA PASSBOOK BASIC SA WITHOUT FEE DBG PREMIER SA MAXPLUS SA PASSBOOK PRIME SA SA PASSBOOK SA STATEMENT SENIOR SA PASSBOOK SENIOR SA STATEMENT BASIC CA WITHOUT FEE BASIC CA WITH FEE CIMB MONEY MULTIPLE DBG PREMIER PLUS CURRENT ACCOUNT FLAGSHIP CA MAXPLUS 2 IN 1 MAXPLUS FLEXICASH CIMB PREFERRED ACC PRIME CA YOUTH SAVERS ACCOUNT PASSBOOK YOUTH SAVERS ACCOUNT STATEMENT 2

3 8. The Bank s prevailing board interest rate will apply when the average monthly balance falls below RM2,000 in any calendar month during the Extended Campaign Period. 9. Subject to the terms and conditions herein, once the payment of the first salary has been credited into the Payroll Account, the interest of up to 3% p.a. will be credited into the Eligible Participant s Payroll Account in the following month, for six (6) months, (hereinafter referred to as Fulfillment Period ) e.g. for the 1 st monthly salary payment received from the respective employer in January,2015, the interest rate of up to 3% p.a. will be credited in the month of February, This would be repeated in the same manner for the next five (5) monthly salary payments. Entitlement to receive up to 10% cash back 10. In addition to the above, the Eligible Participant(s) are eligible to receive up to 10% cash back, if the Eligible Participant(s)satisfy the following requirements:- (a) open a Conventional Current Account or Conventional Savings Account or convert an existing Conventional Current Account or Conventional Savings Account to CIMB@Work Payroll Account within the Extended Campaign Period; (b) opt for a CIMB Debit MasterCard when opening a Conventional Current Account or Conventional Savings Account; and (c) perform a minimum of three (3) retail transaction swipes which must total up to RM150 within ninety (90) days from the date of issuance of the CIMB Debit MasterCard. 11. The up to 10% cash back is capped at RM15 per Eligible Participant. 12. The up to 10% cash back is inclusive of all other ongoing cash back promotions awarded to and enjoyed by the Eligible Participant during the Extended Campaign Period. The maximum or total cash back which the Eligible Participant can receive under the campaign herein and all other cash back promotions shall be limited to RM The 10% cash back will be credited into the Payroll Account within 120 days from the date of issuance of the Debit Card. 14. Subject to the terms and conditions herein, if the Eligible Participant(s) satisfy the minimum requirements as stated in paragraphs 6 and 10 above, the interest rate up to 3% and/or up to 10% cash back shall be credited into the Eligible Participant s CIMB@Work Payroll Account within the given stipulated time frame as explained in paragraphs 9 and 13 above. CIMB will not entertain any request from the Eligible Participant to credit the interest rate up to 3% and/or up to 10% cash back into the Eligible Participant s other CIMB accounts or any third party s CIMB account. 15. At the time when the Bank credits the Eligible Participant CIMB@Work Payroll Account with the interest rate up to 3% and up to 10% cash back, the Eligible Participant s CIMB@Work Payroll 3

4 Account MUST NOT be delinquent, and/or invalid or cancelled, as otherwise the Eligible Participant will be disqualified from participating in this Campaign and will not be entitled to receive the interest rate up to 3% and up to 10% cash back under this Campaign. General 16. By participating in this Campaign, the Eligible Participant(s) are deemed to have read, understood and agreed to be bound by these Terms and Conditions and any decisions of CIMB. 17. CIMB s decision on all matters relating to the Campaign, including theawarding of the interest rate of up to 3% and/or up to 10% cash back and the determination of the Eligible Participant(s), is final, binding and conclusive. 18. By participating in the Campaign, the Eligible Participant hereby acknowledges and irrevocably agrees that CIMB Bank shall not in any manner whatsoever be liable for any technical failures of any kind, whatsoever intervention, interruption and/or any electronic or human error arising from the Campaign. 19. By participating in the Campaign, the Eligible Participant hereby agrees and irrevocably and unconditionally undertakes to fully absolve CIMB of all liabilities and agree to indemnify CIMB (on full indemnity basis) and hold CIMB harmless against any claim by any third party and against any loss, damage, cost or expense (including solicitors fees and cost) that CIMB may suffer or incur as a result of or in connection with the Campaign. 20. CIMB reserves the right to suspend, cancel, terminate or withdraw this Campaign in whole or part, by giving the Cardholders adequate notice. For the avoidance of doubt, suspension, cancellation, termination or withdrawal of this Campaign shall not entitle any of the Eligible Participant to any claim or compensation against CIMB for any losses or damages suffered by the Eligible Participant as a direct or indirect result of the act of suspension, cancellation or termination. 21. CIMB reserves the rights upon giving adequate notice to vary (whether by addition, deletion, modification, amendment, or otherwise howsoever) ( Amendment ) any of the terms and conditions herein. Any Amendment to the provisions herein shall be binding on the Eligible Participant and CIMB is deemed to have notified the Eligible Participant of the Amendment by: (i) its display at the Bank s premises and website regarding the Amendment where detail provisions regarding the Amendment may be provided in the notice itself or may be provided to the Eligible Participant upon request; or (ii) by a notice being sent by CIMB to the Eligible Participant last known address; or (iii) advertised in one newspaper of the Bank s choice; or (iv) via electronic mail or by any other means of notification which the Bank may select and the Amendment shall be deemed 4

5 binding on the Eligible Participant as from the date of notification of the Amendment or from such other date as may be specified by the Bank in the notification. 22. These Terms and Conditions shall prevail over any provisions or representations contained in any other promotional materials advertising the Campaign. These Terms and Conditions are to be read in conjunction with the prevailing terms and conditions of the Agreement governing which shall apply in addition to the Terms and Conditions herein. 23. If there is any inconsistency (ies), conflict(s), ambiguity (ies) or discrepancy (ies) between the Bahasa Malaysia and English version of these Terms and Conditions herein, the English version of these Terms and Conditions shall prevail. Notwithstanding the aforementioned, where request is made by the Eligible Participant and noted and acknowledged by CIMB in its records that the Bahasa Malaysia version of these Terms and Conditions shall govern the operation of this Campaign, then the Bahasa Malaysia version of these Terms and Conditions shall prevail. 24. For feedbacks and/or complaints related to the Campaign, the Eligible Participants may contact CIMB Bank s Customer Resolution Department bearing the following address, telephone and facsimile numbers (or bearing such other address, telephone and facsimile numbers which CIMB may change by notification to the Eligible Participants): Customer Resolution Department, Level 19, MenaraBumiputra-Commerce, 11, Jalan Raja Laut, Kuala Lumpur Tel: /Fax: /cru@cimb.com. 5