Terms and Conditions

Terms and Conditions Governing the OCBC Mighty SaversTM Fun Cheque Promotion

The following terms and conditions shall apply to the OCBC Mighty SaversTM Fun Cheque Promotion (the “Promotion”).

1. Eligibility

1.1   This Promotion is open to all OCBC customers described in this terms and conditions only (the “Promotion Period”).

1.2   ‘OCBC customers” refers to the individuals who open an OCBC Bank Savings or Current account jointly with / for their children during the Promotion Period at any of the OCBC branches.

2.    Mechanics of the Promotion

2.1   The gift deposit is credited into the OCBC customer’s account when an individual opens the following OCBC accounts with their children / for their children during the Promotion Period:

(a) Young Savers Account (in the name of the child)

(b) Passbook Savings (in-trust-for the child)

(c) Statement Savings (in-trust-for the child)

(d) School Savings Account (in-trust-for the child)

For the purpose of this Promotion, the initial deposit required for new account opening for each of the above accounts shall be as stated in the relevant Fun Cheque and such amount shall be determined by the Bank in its sole discretion from time to time.

2.2   OCBC customers shall present the unexpired Mighty SaversTM Fun Cheque voucher to enjoy the offer of the applicable Gift Deposit.

2.3   The initial deposit shall be in fresh funds (ie. funds not transferred from existing OCBC Savings or Current account)

2.4   This Promotion is not applicable with other promotions.

2.5   The applicable Gift Deposit is limited to one account per customer only.

2.6   Validity date of the Fun Cheque is according to that stated on the back of the Fun Cheque.

3.      General

3.1   Each prize winner shall accept the gift on an "as is" basis. OCBC Bank gives no representation or warranty whatsoever as to the quality, merchantability or fitness for purpose or any other implied terms or conditions with respect to any gift. Notwithstanding anything herein, OCBC Bank shall not at any time be responsible or held liable for any defect or malfunction in any prize, and/or for any loss, injury, damage or harm suffered or incurred by or in connection with the use of any prize by any person. All prizes are neither transferable nor exchangeable for cash, credits or otherwise. All prizes are also subject to the terms and conditions accompanying them (if any).

3.2   OCBC Bank reserves the right, at its discretion, at any time, without notice or assigning any reason therefor, replace or substitute any prize in the Promotion with any other prize of equal or similar value selected by OCBC Bank.

3.3   If OCBC Bank subsequently discovers that the individual is in fact not eligible to participate in the Promotion, OCBC Bank may at its discretion forfeit the gift(s) (or reclaim it /them if already awarded) and award or dispose of it/them in such manner and to such person/persons as OCBC Bank deems fit. No winner shall be entitled to any payment or compensation from OCBC Bank should any gift be forfeited/reclaimed.

3.4   OCBC Bank shall not be liable to any account holder or any other persons for any loss or damage arising in connection with the Promotion, including without limitation, any error in computing any chances, any breakdown or malfunctions in any computer system or equipment. Without prejudice to the generality of the foregoing, OCBC Bank assumes no responsibility for lost, late, misdirected, damaged, incomplete, illegible and/or postage-due mail.

3.5   The decision of OCBC Bank on all matters relating to the Promotion shall be final and binding on all OCBC Customers and any other persons, including, without limitation, any decision to cancel or suspend the Promotion. No correspondence(s) will be entertained.

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

3.7   OCBC Bank may at any time at its sole and absolute discretion, without notice or assigning any reason therefor, delete, vary, supplement, amend or modify any one or more of these terms and conditions.  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.

3.8   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.

3.9   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.