Terms and Conditions for online index funds subscription or switching fee as low as HKD 0

1. The Offers are only applicable to selected customers of Prestige Signature, Prestige Banking, Preferred Banking and Integrated Account of Hang Seng Bank Limited ("the Bank") ("Selected Customer"). The offer is not applicable to Commercial Banking and Private Banking Customers. The offer cannot be used in conjunction with other offers of the same product(s) or service(s) of the Bank.
2. From 26 February 2020 to 29 April 2020 ("Offer Period"), Selected Customers who successfully subscribe for or switch any index fund(s) distributed by the Bank through the subsidiary fund account (under the account number suffix of 382) under the integrated account, and via Hang Seng Personal e-Banking or Hang Seng Personal Banking mobile app, can enjoy the offer of as low as HKD 0 fund subscription or switching fee.
3. Selected Customer who subscribe for / switch any index fund(s) during the Offer Period are required to pay the funds subscription or switching fee upfront. The fund subscription or switching fee waived amount (subject to a maximum of HKD 10,000 per Selected Customer) will be credited into the relevant Hong Kong Dollar ("HKD") settlement account of the Selected Customer on or before 31 July 2020.
4. If the price of any fund(s) subscribed for/ or switched is denominated in a currency other than the HKD, the Bank will convert the relevant fund subscription or switching fee waived amount into the HKD based on the exchange rate determined by the Bank on 29 April 2020. In such circumstances, the waived amount will not be the actual fund subscription or switching fee paid by the Selected Customer.
5. The relevant HKD settlement account under an integrated account and the integrated account of the Selected Customer, in each case, shall remain valid when the waived amount is credited.
6. Funds subscription or switching applications which are received after the cut-off time of the relevant funds on the last day of the Offer Period (i.e. 29 April 2020) will not be considered as eligible subscription or switching applications within the Offer Period. Such subscription or switching applications will be processed on the next dealing day. Please note that different cut-off times may apply to subscription or switching applications for different funds and / or the same fund through different channels. Customers are advised to contact our staff to enquire about the cut-off time for the relevant subscription or switching applications.
7. This offer does not apply to fund subscriptions made pursuant to any Hang Seng Monthly Investment Plan for Funds, or through any iPower account (under the account number suffix of 384), fund units with no subscription fees, money market funds, or other funds/ fund transactions as specified by the Bank from time to time.
8. The Offer is calculated on a per Selected Customer basis. In case the relevant integrated account is a joint-named account, only the primary account holder can enjoy the offer. Each Selected Customer will only be eligible for fund subscription or switching fee waiver once (subject to a maximum of HKD 10,000 per Selected Customer).
9. The Offer is only applicable to index funds distributed by the Bank. For details, please visit hangseng.com/fundsupermart.
10. The Bank reserves the right to suspend, vary or terminate this promotion and the relevant offers at any time and to amend the relevant terms and conditions from time to time without prior notice. The decision of the Bank on all matters relating to this promotion and the relevant offers shall be final and binding on all the parties concerned.
11. No person other than the Customers and the Bank (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provision of these terms and conditions.
12. These terms and conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
13. These terms and conditions are subject to prevailing regulatory requirements.
14. In case of any discrepancy between the English and the Chinese versions of these terms and conditions, the English version shall prevail.