Hang Seng Preferred Banking

Personal Financial Services > Banking Services > Preferred Banking > Current Promotion Offer

What’s more, from now until 31 December 2008, become a Preferred Banking Customer, you can be entitled to a series of exciting offers and have a chance to win up to $50,000 Cash Dollars.

(Set-up a HKD Time Deposit at branches with new funds of HKD200,000 or above for a tenor of 3 months or 6 months)

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Preferential HKD Time Deposit Interest Rate

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Up to $400 Hang Seng Credit Card Cash Dollars

Time Deposit amount	Hang Seng Credit Card Cash Dollars earned
HKD500,000 or above	$400
HKD200,000 - HKD499,999	$200

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Automatically enter lucky draw with a chance to win up to $50,000 Hang Seng Credit Card Cash Dollars

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Pre-approved Hang Seng Platinum Card and Perpetual Annual Fee Waiver

(Applicable to customers who have just opened / upgraded to Preferred Banking Account)

Securities Service⁽³⁾

‧	Up to $75,000 Cash Dollars reward
‧	Deposit of share certificates and transfer in fee waiver
‧	Get a free TV "All-In-One Set-top Box"

Auto-payroll Service⁽⁴⁾

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Up to $300 Hang Seng Credit Card Cash Dollars

Monthly Salary	Hang Seng Credit Card Cash Dollars earned
HKD 8,000 or above	$300
Below HKD 8,000	$100

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Enjoy a 3-month offer of 0.5% p.a. Bonus HKD Savings Deposit Rate

(Please call 2998 6018 for registration)

Direct Debit Authorisation Service⁽⁵⁾

‧	Up to $100 Hang Seng Credit Card Cash Dollars
‧	Handling fee waiver up to HKD60

Monthly Fee Waiver⁽⁶⁾

‧	First-year monthly fee waiver with monthly Total Relationship Balance maintained at HKD50,000 or above

Terms and Conditions apply. Investors should note that all investment involves risks. Prices of investment products may go up or down and may even become valueless. Investors should read in detail the offering documents and the Risk Disclosure Statement of the relevant investment products before making any investment decisions.

General Terms and Conditions:

The offers are only applicable to customers who meet the designated account opening requirements and have newly opened/upgraded to an Integrated Account of Preferred Banking at Hang Seng Bank Limited (the "Bank") branches, or have upgraded to an Integrated Account of Preferred Banking through phone banking hotline or Hang Seng Personal e-Banking during the period from 6 August to 31 December 2008 ("Promotion Period") excluding those whose accounts have been terminated in any period, unless otherwise specified (the "Eligible Customers ").

II.

Each Customer can enjoy the offer once only unless specified . The offer cannot be used in conjunction with other offers.

III.

The offer is not applicable to corporate accounts customers, the staff of the Bank and its subsidiary companies.

IV.

Unless otherwise specified, the Bank will credit the Hang Seng Credit Card Cash Dollars (“Cash Dollars”) to the Eligible customers’ Hang Seng Credit Card account with the highest Cash Dollars balance that the customers are entitled to according to the following specific time. If one of the Credit Card accounts of the customer has outstanding Advance Cash Dollars balance, Cash Dollars will then be credited into such account. If the customer has more than one Credit Card accounts with outstanding Advance Cash Dollars, Cash Dollars will then be credited into the Credit Card account with the highest outstanding Advance Cash Dollars balance. If the relevant Preferred Banking account is a joint-named account, only the primary account holder is eligible to enjoy the offer. The secondary account holder is not entitled to offer simultaneously. If the customer does not have any applicable Hang Seng Credit Card, the customers’ applications for the Hang Seng Credit Card need to be successfully approved according to the following specified “Approval date for the Hang Seng Credit Card” in order to receive the Cash Dollars. Otherwise, the Bank reserves the right to replace the Cash Dollars by other merchant coupons with the same value. This offer is not applicable to Hang Seng supplementary cards, Corporate Cards, Commercial Cards, JAL Cards, Renminbi Credit Cards, USD Visa Gold Cards and Private Label Cards. Cash Dollars rewards cannot be transferred or converted into cash. The use of Cash Dollars is subject to the terms and conditions of the Hang Seng Credit Card Membership Rewards Programme. Upon crediting the Cash Dollars, the relevant Credit Card must still be valid and with a good credit record. The Eligible Customer should also still maintain a valid Integrated Account of Preferred Banking and Auto-Payroll Service (if applicable) in order to receive the reward. If customers terminate the relevant Integrated Account of Preferred Banking within the first 6 months after opening of that account, the Bank reserves the right to deduct from any account(s) of the customers maintained with the Bank for an amount equivalent to the Cash Dollars reward without prior notice to the customers.

Welcome and Wealth Management Offers	Time Deposit Placement / Direct Debit Authorisation Set-up / Lucky Draw Date	Approval date for the Hang Seng Credit Card	Date for crediting the Cash Dollars
1. Time Deposit 2. Direct Debit Authorisation Service 3. $50,000 Cash Dollars Lucky Draw	6 August 2008 to 30 September 2008	On or before 31 October 2008	On or before 30 November 2008
	1 October 2008 to 31 December 2008	On or before 31 January 2009	On or before 28 February 2009
Auto-payroll service	13 October 2008 to 31 December 2008	On or before 28 February 2009	On or before 31 March 2009

Hang Seng Preferred Banking Promotion Terms and Conditions:

Hang Seng Power Music World - Metro Hit Awards Presentation 2008 Ticket Offer

‧	The offer period is from 3 November to 26 November 2008 (“Offer Period”). This offer is only applicable to the first 50 New Customers^# who successfully open or upgrade to a Preferred Banking account via Hang Seng Personal e-Banking. Each new customer can enjoy the offer once only. The Winner is entitled to receive two tickets to the Hang Seng Power Music World - Metro Hit Awards Presentation 2008 held on 26 December 2008. ^# New customers refer to new customers who successfully open or upgrade to a Preferred Banking account via Hang Seng Personal e-Banking during the Offer Period excluding (a) customers who have closed Preferred Banking Account with the Bank after 31 December 2007 or (b) those whose Accounts have been terminated in any periods. If customers terminate the account within the first 6 months upon opening an Integrated Account of Preferred Banking, the Bank reserves the right to deduct from any accounts of the customers maintained with the Bank an amount equivalent to the offer value of the tickets without prior notice to customers.
‧	The Bank shall notify the Winner on or before 5 December 2008 by the Personal e-Banking “Inbox Message” and send the tickets to the address in Hong Kong provided by customers by registered mail on or before 12 December 2008.
‧	Tickets to the Hang Seng Power Music World - Metro Hit Awards Presentation 2008 cannot be exchanged for cash and will not be reissued if lost.
‧	The Hang Seng Power Music World - Metro Hit Awards Presentation 2008 is organized by MetroInfo, who is solely responsible for all related obligations and liabilities.

Welcome Offers

I.	Eligible Customers must set up HKD Time Deposit(s) at branches with a New Funds* of HKD200,000 or above for a tenor of 3 months or 6 months at the above-said Integrated Account of Preferred Banking during the Promotion Period excluding (a) existing customers who are holding the sole-named or joint-named Integrated Account of Prestige Banking or Preferred Banking or (b) customers who have closed any Integrated Account of Prestige Banking or Preferred Banking with the Bank after 31 December 2007 (the “Eligible Customers of Welcome Offers ").
II.	If customers newly open/upgrade more than one Integrated Account of Preferred Banking during the Promotion Period, entitlement to Welcome Offers will be based on the Integrated Account of Preferred Banking with the earliest account opening date.
III.	If customers newly open/upgrade Integrated Account of Prestige Banking after 31 December 2007 and fulfil the Welcome Offers requirement of Integrated Account of Pretige Banking, entitlement to Welcome Offers will be based on the Integrated Account of Prestige Banking, and the relevant Welcome Offers of Preferred Banking will not be applicable.

* "New Funds" refer to funds newly deposited into the Bank using a cheque drawn on any other bank, inward CHATS or T/T during the Promotion Period, thereby increasing the aggregate deposits placed by the customer with the Bank. Please contact our staff to confirm whether the funds are considered as qualified "New Funds" for the purposes of this promotional offer. In case of any dispute in relation to the definition of "New Funds", the Bank reserves the right of final decision.

(2.1)

Preferential HKD Time Deposit Interest Rate Offer
Eligible Customers of Welcome Offers can enjoy a preferential HKD Time Deposit interest rate. The relevant interest rate will be subject to the rate quoted by the Bank from time to time. The offer is not applicable to the renewal of time deposit. Before making the relevant transaction, please check with our staff for the effective rates of the transaction. The offer is not transferable and cannot be used in conjunction with other time deposit interest rate offers of same currency.

(2.2)

Up to $400 Hang Seng Credit Card Cash Dollars Rewards
The amount of Hang Seng Credit Card Cash Dollars the Eligible Customers of Welcome Offers can earn depends on the amount of the first HKD Time Deposit they set up during the Promotion Period.

Time Deposit Amount	Cash Dollars earned
HKD500,000 or above	$400
HKD200,000 - HKD499,999	$200

(2.3)

$50,000 Hang Seng Credit Card Cash Dollars Lucky Draw

I.	Eligible Customers of Welcome Offers will be automatically entered into the lucky draw and have a chance to win up to $50,000 Cash Dollars.
II.	The lucky draw will be conducted in the form of random draw via computer system. The first entry is from 6 August 2008 to 31 August 2008; the second entry is from 1 September 2008 to 30 September 2008; the third entry is from 1 October 2008 to 31 October 2008; the fourth entry is from 1 November 2008 to 30 November 2008 and the fifth entry is from 1 December 2008 to 31 December 2008. A winner will be drawn in each round for $10,000 Cash Dollars.
III.	Each Eligible Customer of Welcome Offers will enter into the subsequent round(s) of lucky draw regardless of whether he/she has won the monthly Cash Dollars prize in previous round(s).
IV.	Each customer will be entitled to a maximum of five entries to win up to $50,000 Cash Dollars in total. Each winner will be notified of the Cash Dollars prize by the Bank by mail.

(2.4)

Pre-approved Hang Seng Platinum Card and Perpetual Annual Fee Waiver
Hang Seng Platinum Card is offered to the Eligible Customers of the Welcome Offers during the Promotion Period. The pre-approval offer and approved card type are subject to the final decision of the Bank. The Bank reserves the right to revoke this pre-approval offer at its discretion.

Perpetual annual fee waiver is valid during the entire period which the customer maintains an Integrated Account of Preferred Banking. If customer holds more than one Hang Seng Credit Card, the perpetual annual fee waiver will be applicable to one of the credit cards with the highest annual fee only but will not be applicable to Hang Seng Visa Infinite, Hang Seng Corporate Card, Hang Seng Commercial Card and USD Visa Gold Card. All annual fees paid prior to accepting this pre-approval offer will not be refunded.

Securities Services Offer

(3.1)

Up to $75,000 Cash Dollars reward

I.	The offer is only applicable to transactions successfully executed by the holder of the securities account (personal/joint) with the Bank through any automated securities trading channels (including: Hang Seng Personal e-Banking, Hang Seng Mobile Trading, Hang Seng "TV Securities Trading Services" and automated securities trading hotline) of local securities listed on the Stock Exchange of Hong Kong from 1 September to 30 November 2008 ("Securities Offer Period"), excluding locally traded overseas stocks, any listed securities settled by foreign currencies, i-Shares, Exchange Fund Notes, Hong Kong Linked retail bonds, Government of HKSAR retail bonds and Hang Seng Monthly Investment Plans.
II.	The reward is calculated on a per successful transaction basis. Customers can enjoy $1 Cash Dollar for every HKD100 actual brokerage fee paid. Any portion thereafter which is below HKD100 will not be calculated. The cash dollars rewards for each Securities account is capped at $75,000.
III.	On or before 28 February 2009, the Bank will credit the customers’ Hang Seng Credit Card Principal Cardholder accounts with the total amount of Cash Dollars that the customers are entitled to. If the eligible transaction(s) are made through accounts which are set up under joint names, the Bank will credit the primary account holders’ Hang Seng Credit Card Principal Cardholder accounts with the total amount of Cash Dollars earned. If the primary account holder does not have a Hang Seng Credit Card, the relevant Cash Dollars will be credited to the secondary account holder’s Hang Seng Credit Card Principal Cardholder account. If more than one secondary account holders hold that joint account, the Bank will rank their priority based on their HKID number in ascending order. If an Eligible Securities Customer has more than one Hang Seng Credit Cards (calculated based on the customer’s status as the Principal Cardholder), the Bank will automatically choose the credit card account with the highest outstanding Advance Cash Dollars balance at the time of crediting the rewards. Otherwise, the Bank will automatically choose the credit card account with the highest Cash Dollars balance at the time of crediting the rewards. The Bank will credit a Credit Card account with Cash Dollars only if the credit card account is still valid and in good credit condition at the time of crediting the rewards.
IV.	If the Eligible Securities Customer(s) of "$75,000 Cash Dollars reward" do not have a valid Hang Seng Credit Card after the Securities Promotion Period, an invitation will be sent to the customers for applying a Hang Seng Credit Card on or before 31 December 2008. The application must be approved on or before 31 January 2009 in order to receive the Cash Dollars reward by 28 February 2009. If the information provided by the customers is not sufficient or not qualified for the relevant credit and / or other requests, the application is finally rejected (whether the credit card is approved or not is subject to the final decision of the Bank). If the Credit Card is not approved, the Bank reserves the right to replace the Cash Dollars by the same value of other offers without prior notice. The Hang Seng Credit Card accounts into which the Cash Dollars can be credited exclude Supplementary Cards, Hang Seng Corporate Cards, Hang Seng Commercial Cards, JAL Hang Seng Cards, Hang Seng Renminbi Credit Cards, USD Visa Gold Cards, Hang Seng Spending Cards, e-shopping MasterCard and Private Label Cards. Cash Dollars are not transferable and cannot be redeemed for cash. The use of Cash Dollars is subject to the terms and conditions of the Hang Seng Credit Card Membership Rewards Programme.

(3.2)

Deposit of share certificates and transfer in fee waiver
Deposit fee waiver is only applicable to deposit transactions of share certificates from 20 October to 30 November 2008 (Note: There is no deposit fee charged for transfer in of local securities listed on the Stock Exchange of Hong Kong through Central Clearing and Settlement System), excluding transfer deed stamp duty collected by HKSAR Government and other additional charges involved by deposit transaction of share certificates and securities transfer in. The offer is not applicable to deposit charge for purchase orders.

(3.3)

Free TV "All-In-One Set-top Box" offer
The offer is provided by TV and only applicable to those customers who successfully execute 18 or more transactions of local securities listed on the Stock Exchange of Hong Kong using Hang Seng "TV Securities Trading Service" via BNC (Ch. 333) or shop (Ch.501) platform during the securities Offer Period, excluding locally traded overseas stocks, any listed securities settled by foreign currencies, i-Shares, Exchange Fund Notes, Hong Kong Linked retail bonds, Government of HKSAR retail bonds and Hang Seng Monthly Investment Plans. Each Securities account can receive one TV "All-In-One Set-top Box" only. The gift is offered on a first-come-first-serve basis and only available while stock lasts. The offer is only applicable to TV residential customers; if customers have already installed TV "All-In-One Set-top Box", they will enjoy HKD1,400 TV service fee waiver instead. Notification letter with redemption details and terms and conditions will be sent by Hang Seng to those eligible customers by 31 January 2009. The Bank is not the supplier of the gifts and will not be responsible for any related liabilities. Any disputes arising from the gifts should be resolved between the customers and the relevant suppliers.

Auto-payroll Services Offer

I.	The offer is only applicable to customers who have not set up any Auto-payroll instruction under any Hang Seng Bank account between 13 July 2008 and 12 October 2008. Applicable Hang Seng Bank accounts include single and joint accounts of Personal Integrated Account, Hong Kong Dollar (“HKD”) Savings Account, ATM Savings Account and HKD Current Account. If you have any of the accounts above with the Bank, simply inform your employer to update your auto-payroll account information. If you do not have any of the accounts above with the Bank, please visit any of our branches to open an account.
II.	Each registered account may enjoy the offer once only. The offer cannot be used in conjunction with any other Hang Seng Auto-payroll Service offer and is not transferable. Only the first application will be considered if customers apply more than once. In case of a joint account, this offer will be applicable to the registered account holder only. If the registered personal identity is not the same as the Bank’s record, only the primary account holder can enjoy the offer.
III.	To be eligible for the banking privileges, customers must have at least two payroll transactions with any Hang Seng Bank account within the recent three months.

(4.1)

Hang Seng Credit Card Cash Dollars Offer

From 13 October 2008 to 31 December 2008 (“Auto-payroll Promotion Period”), customers must set-up an Auto-payroll instruction with a Hang Seng Bank account (payroll amount will be directly credited to the registered Hang Seng Bank account by employer through the Auto-payroll Service), and successfully register through our hotline at 2998 6018 within the Auto-payroll Promotion Period. To be eligible for the offer, customers must have at least two Auto-payroll transactions in their registered Hang Seng Bank account before 28 February 2009 (“Eligible Auto-payroll Customers”). Eligible Autopayroll Customers will be rewarded with Cash Dollars based on the relevant monthly payroll amount (in Hong Kong Dollar):

The lowest monthly payroll amount recorded during the period from 13 October 2008 to 28 February 2009	Cash Dollars earned
HKD8,000 or above	$300
Below HKD8,000	$100

Example: A customer informs his / her employer in November 2008 to use his/her Hang Seng Bank account as his / her Auto-payroll account and has successfully registered via the hotline at 2998 6018 within the Auto-payroll Promotion Period. A monthly salary of HKD12,000 is directly credited by customer’s employer to the Auto-payroll account two times or more by 28 February 2009. The Bank will credit $300 Hang Seng Credit Card Cash Dollars into the customer’s Hang Seng Credit Card account accordingly on or before end of March 2009.

(4.2)

Bonus HKD Savings Deposit Rate (p.a.)

I.	Eligible Auto-payroll Customers may enjoy the 3-month Bonus HKD Savings Deposit Rate (p.a.) from the month after they are awarded with the Hang Seng Credit Card Cash Dollars. The Bonus HKD Savings Deposit Rate (p.a.) will be equal to 0.5% on top of the prevailing Tier HKD Savings Deposit Rate applicable to the customer’s registered Hang Seng Bank account on the day (depending on the account balance). The offer is only applicable to the first HKD200,000 deposit in the registered account.
II.	The Bonus HKD Savings Deposit Rate (p.a.) is only applicable to the HKD Savings Deposits in a HKD Savings Account and is not applicable to the HKD Savings Deposits in a HKD Current Account. An Eligible Auto-payroll Customer will not be entitled to the Bonus HKD Savings Deposit Rate (p.a.) in case his or her Auto-payroll Account with the Bank is terminated during the period in which they are entitled to the offer.
III.	The above bonus rate (p.a.) is not guaranteed, and the Bank reserves the right to vary such rate at any time.

Direct Debit Authorisation Service Offer

I.	If Customers set up one Direct Debit Authorisation with Preferred Banking account, they will receive $50 Cash Dollars. If they set up two or more Direct Debit Authorisations, they will only receive $100 Cash Dollars at maximum.
II.	Charges are exempted for payments to the account of the Bank, HKSAR Government, public utilities, educational and charitable institutions. A handling charge of HKD30 will be applied to each successful set-up of Direct Debit Authorisation. If customers set up two Direct Debit Authorisation or more, maximum handling fee that will be waived is HKD60. Customers are required to pay relevant charge(s) first and the Bank will credit the charge(s) in the form of cash rebate into the customers’ Preferred Banking Account.The Bank will credit the relevant set- up fee on or before 30 November 2008 to those Eligible Customers who successfully set up the Direct Debit Authorisation Service on or before 30 September 2008. The Bank will credit the relevant set- up fee on or before 28 February 2009 to those Eligible Customers who successfully meet the above requirements on or before 31 December 2008.
III.	For details, please refer to the Direct Debit Authorisation Form for the terms and conditions or contact our staff.
IV.	If customers terminate the relevant Integrated Account of Preferred Banking within the first 6 months after opening of that account, the Bank reserves the right to deduct from any account(s) of the customers maintained with the Bank for an amount equivalent to the rebate value of Direct Debit Authorisation set-up fees without prior notice to the customers.

First-year monthly fee waiver of Integrated Account of Preferred Banking
To enjoy the first-year monthly fee waiver for Integrated Account of Preferred Banking, Eligible Customers must maintain a monthly Total Relationship Balance of HKD50,000 or above for Integrated Account of Preferred Banking during the first-year monthly fee waiver period. If the Total Relationship Balance of previous month falls below HKD50,000, a HKD106 monthly fee will be charged. After the first 12-month monthly fee waiver period, the standard monthly fee for Preferred Banking will be applied if the Total Relationship Balance of previous month is below HKD200,000. The Total Relationship Balance is the monthly aggregate balance of the daily average of all deposits, statement gold, securities, investment funds, utilised overdraft facilities, credit card cash advances, outstanding balance of personal loans and the accumulated premiums paid for the designated life insurance plans distributed by the Bank as an agent as well as Hang Seng MPF balance. For sole-named Integrated Account holders, their other joint-named account(s) will also be included.

Risk Disclosure and Important Notice:
Investment involves risks and prices of securities may go up or down. Investors should read the relevant Risk Disclosure Statement in detail before making any investment decision.

Remarks:
The Bank reserves the right to suspend, vary or terminate this promotion and its offers and to amend these terms and conditions at any time. The decision of the Bank on all matters relating to the promotion and offers shall be final and binding on all parties concerned. The offers are subject to the Terms and Conditions of Integrated Account of Preferred Banking. If there is any inconsistency between the Terms and Conditions of Integrated Account of Preferred Banking and these terms and conditions, these terms and conditions shall prevail. In case of any discrepancy between the English and the Chinese versions of these terms and conditions, the English version shall prevail.