Terms and Conditions Governing the OCBC Great Hongbao Give-away Promotion - Tools & Info

Terms and Conditions Governing the OCBC Great Hongbao Giveaway Promotion

The following terms and conditions shall apply to the OCBC Great Hongbao Give-away Promotion 2010 (the "Promotion").

1. Eligibility and Promotion Period

1.1 The Promotion is open to all Eligible Accounts as described in these terms and conditions only.

1.2 "Eligible Accounts" refers to the individual (personal) savings and current accounts held with Oversea-Chinese Banking Corporation Limited ("OCBC Bank") as listed in the Appendix hereto (as may be supplemented, amended and/or modified at any time and from time to time by OCBC Bank in its sole and absolute discretion) which are in good standing at all times during the Promotion as determined by OCBC Bank at its sole and absolute discretion.

1.3 All OCBC Bank accounts held by employees of OCBC Bank and its subsidiaries and their immediate family members shall not be eligible for the Promotion. Ex-OCBC Bank employee accounts are eligible for the Promotion only after such ex-employee’s staff indicator has been removed from OCBC Bank’s records.

1.4 The promotion period shall be from 13 January 2010 till 12 February 2010, subject to extension as determined by the bank (“Promotion Period”). OCBC reserves the right to extend the Promotion Period at its sole and absolute discretion.

2. Cash Reward

2.1 The entitlement of a customer of an Eligible Account (an “Eligible Customer”) to the Promotion shall be based on the following conditions:

An Eligible Customer’s account must be topped up by fresh funds only. Fresh funds refer to funds not transferred from existing OCBC Bank deposit accounts or in the form of OCBC cheques/ cashier’s order/ demand drafts.

To register for the Promotion, an Eligible Customer will be issued a voucher after depositing the required top-up amount. A relevant Eligible Customer is required to accept these terms and conditions and to submit the “OCBC Hongbao Voucher” to any OCBC Branch with details of his name, identity card number, account number, contact number, top-up date and top-up amount.

The “Hongbao” or cash reward amount shall be S$8 for every S$10,000 fresh funds top-up into an eligible account, subject to a minimum of S$10,000 and the maximum of S$250,000 during the Promotion Period. For avoidance of doubt, the cash reward shall be S$8 for the minimum S$10,000 fresh funds top-up and not more than S$200 for the maximum $250,000 fresh funds top-up.

In order to be qualified for the “Hongbao” or cash reward, the top up funds shall not be withdrawn until the crediting date stipulated below. In the event that there is withdrawal of any of the top up amounts before the crediting date stipulated below, whether fully or partially, the Eligible Customer will be disqualified from receiving the cash reward. The crediting date shall be as follows:

Top-Up Date Hongbao Crediting Date

13 January to 31 January 2010 15 March 2010

1 February to 12 February 2010* 15 April 2010

* any extension of the Promotion Period is subject to the absolute discretion of OCBC Bank.

For illustration of the mechanics, please refer to Table 1 and Table 2.

Table 1

Deposit Date	Daily Outstanding Balance	Remarks
5th Jan 2010	S$10,000	Nil
25^th Jan 2010	S$60,000	Top up amount of S$50,000
31^st Jan 2010	S$60,000	Nil
15^th Mar 2010	S$60,040 (S$40 Hongbao credited)	An Eligible Customer will qualify for cash reward of S$40 (S$8 for every S$10,000 top up) as there was no withdrawal of the top up amount placed before the crediting date (i.e. 15 March 2010)

Table 2

Deposit Date	Daily Outstanding balance	Remarks
11th Jan 2010	S$5,000	Nil
15th Jan 2010	S$80,000	Top up amount of S$75,000
28^th Feb 2010	S$80,000	Nil
4th Mar 2010	S$70,000	Withdraw S$10,000
15^th Mar 2010	S$70,000	An Eligible Customer will not qualify for cash reward as the S$75,000 top up was not maintained until the crediting date (i.e. 15 March 2010).

For the purpose of these terms and conditions:

“Daily outstanding balance” for any account shall be determined by OCBC Bank in its sole and absolute discretion on the last outstanding balance in the day.”

3. General

3.1 Each Eligible Customer who receives any cash rewards agrees to co-operate with and participate in publicity activities organised by OCBC Bank in relation to the Promotion without compensation whatsoever.

3.2 Cash rewards would neither be transferable nor exchangeable for credits or otherwise, unless otherwise permitted by OCBC Bank in its sole and absolute discretion. All Cash rewards would be subject to the terms and conditions accompanying them (if any).

3.3 If OCBC Bank subsequently discovers that the account is in fact not eligible to participate in this Promotion or OCBC Bank subsequently discovers that, for whatever reasons, it has paid any cash reward to a customer when such customer is not entitled to such cash rewards in OCBC Bank’s absolute discretion, OCBC Bank may at its discretion forfeit the cash rewards (or reclaim it /them (whether by deducting such amount from any of the customer’s account(s) maintained with OCBC Bank without prior notice to such customer or otherwise) if already awarded) and award or dispose of it/them in such manner and to such person/persons as OCBC Bank deems fit. No person shall be entitled to any payment or compensation from OCBC Bank should any cash rewards be forfeited/reclaimed.

3.4 The decision of OCBC Bank on all matters relating to the Promotion shall be final and binding on all Eligible Customers of the Eligible Accounts and any other persons, including, without limitation, any decision to cancel or suspend the promotion or any Promotion(s). Subject to and without prejudice to the generality of the foregoing, OCBC Bank’s record(s) of the entries and/or the Promotion shall be final, binding and conclusive for all purposes and in any legal proceedings. No correspondence(s) will be entertained.

3.5 In the event of any inconsistency between these terms and conditions and any brochure, marketing or material relating to the Promotion, these terms and conditions shall prevail.

3.6 OCBC Bank may at any time at its absolute discretion, without notice or assigning any reason therefore, delete, vary, supplement, amend or modify any one or more of these terms and conditions in such manner as OCBC Bank shall think fit, including without limitation, the eligibility of any customer, the bases and methods of determination of eligibility and any dates in connection with the Promotion. OCBC Bank shall not, to the extent permitted by law, be liable to for any claims, costs, expenses, loss or damage suffered by any person as a result of the aforementioned matters.

3.7 These terms and conditions shall be governed by the laws of Singapore and the participants in the Promotion irrevocably submit to the non-exclusive jurisdiction of the courts of Singapore.

3.8 A person who is not a party to any agreement governed by these terms and conditions shall have no right under the Contracts (Rights of Third Parties) Act (Cap 53B) to enforce any of these terms and conditions.

APPENDIX – ELIGIBLE PRODUCTS & SERVICES

Transactional Accounts

1. All individual SGD Savings and Current Accounts except for the following:

· CPF Minimum Sum Scheme Accounts

· SRS Account

· CPF Investment Account (CPFIA)

· EasiCredit

· FairPrice Plus Account

· All SGD Time Deposit accounts

· All foreign currency accounts

· All SGD and foreign currency corporate accounts

Singapore dollar deposits held by or for an individual or a charity in accounts listed in OCBC Bank’s Insured Deposit Register (available at www.ocbc.com/policies) will be insured in accordance with and for up to the limits specified in the Deposit Insurance Act.