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Terms and Conditions for iSAVvy Savings Account Cash ... - Maybank

Terms and Conditions for iSAVvy Savings Account Cash ... - Maybank

Terms and Conditions for iSAVvy Savings Account Cash ... - Maybank

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<strong>Terms</strong> <strong>and</strong> <strong>Conditions</strong> <strong>for</strong> <strong>iSAVvy</strong> <strong>Savings</strong> <strong>Account</strong> <strong>Cash</strong> Credit Promotion (“Promotion”) <strong>and</strong>Lucky Draw (“Lucky Draw”)1. The Promotion <strong>and</strong> Lucky Draw are valid from 19 March to 31 December 2013 (“PromotionPeriod”).2. The Promotion <strong>and</strong> Lucky Draw are applicable <strong>for</strong> individuals with <strong>iSAVvy</strong> <strong>Savings</strong> <strong>Account</strong>s(“<strong>Account</strong>”) only. Non individuals <strong>and</strong> <strong>iSAVvy</strong> <strong>Savings</strong> Plus <strong>Account</strong>s are excluded.The Promotion:3. Only <strong>Account</strong> holders (“Eligible Customers”) who complete the online <strong>for</strong>m <strong>for</strong> this Promotion(“Online Form”) on <strong>Maybank</strong>2u.com.sg (Online Banking) are eligible to participate in this Promotion.Customers who have participated in the <strong>iSAVvy</strong> <strong>Savings</strong> <strong>Account</strong> <strong>Cash</strong> Credit Promotion fromJuly 2012 to 18 March 2013 can participate in the Promotion again.4. Each Eligible Customer may submit the Online Form <strong>for</strong> each <strong>iSAVvy</strong> <strong>Savings</strong> <strong>Account</strong> only onceevery month. For joint accounts, only one account holder may submit the Online Form in eachmonth.5. Eligible Customers will indicate the deposit amount (“Amount”) on the Online Form. For everyS$30,000 deposited in the <strong>Account</strong> during the Promotion Period, the Eligible Customer will receiveS$50 (“<strong>Cash</strong> Credit”), which will be credited into the <strong>Account</strong> within 40 days from the date theOnline Form was processed by <strong>Maybank</strong>.6. Eligible Customers shall deposit at least S$30,000 within 30 calendar days from the date the OnlineForm is submitted in order to receive the <strong>Cash</strong> Credit. In the event that the amount deposited isdifferent from the Amount on the Online Form, <strong>Maybank</strong> shall calculate the <strong>Cash</strong> Credit based onthe lower of the two.7. Deposits made in relation to the Promotion must be in fresh funds, where it can be in the <strong>for</strong>m ofcash deposits, interbank credits (GIRO or funds transfers) or cheque deposits (excluding chequeswhich have not been cleared <strong>for</strong> payment) to qualify <strong>for</strong> the Promotion. <strong>Maybank</strong> cheques ortransfers made from existing <strong>Maybank</strong> account(s) (if any) are not allowed.8. Deposits will be held by <strong>Maybank</strong> in the <strong>Account</strong> <strong>for</strong> 6 months from the date the <strong>Cash</strong> Credit wascredited into the <strong>Account</strong> (“Non-Withdrawal Period”) <strong>and</strong> will not be available <strong>for</strong> withdrawal duringthis period, unless the Eligible Customer withdraws from the Promotion by in<strong>for</strong>ming <strong>Maybank</strong> toremove the earmarking. If within the Non-Withdrawal Period, the Eligible Customer closes the<strong>Account</strong> or request to make a withdrawal at any <strong>Maybank</strong> Singapore branch, <strong>Maybank</strong> will in itssole discretion deduct the <strong>Cash</strong> Credit paid from the <strong>Account</strong>. Fees <strong>for</strong> branch counter transactionswill apply.9. Customers who have closed an <strong>iSAVvy</strong> <strong>Savings</strong> <strong>Account</strong> within 6 months prior to the start of thisPromotion are not eligible to participate in this Promotion.Page 1 of 3


The Lucky Draw:10. There will be one (1) Lucky Draw every month from May 2013 to February 2014 with one (1) winner<strong>for</strong> each Lucky Draw. The Lucky Draw will be conducted on the following dates:Lucky Draw Eligible Customers with Online Form Lucky Draw to be conducted on:processed from:1 19 March to 30 April 2013 11 June 20132 1 to 31 May 2013 9 July 20133 1 to 30 June 2013 13 August 20134 1 to 31 July 2013 10 September 20135 1 to 31 August 2013 8 October 20136 1 to 30 September 2013 12 November 20137 1 to 31 October 2013 10 December 20138 1 to 30 November 2013 14 January 20149 1 to 31 December 2013 11 February 201411. The Lucky Draw is open to Eligible Customers who have participated in the Promotion from19 March 2013 to 31 December 2013 <strong>and</strong> who have received a <strong>Cash</strong> Credit. Eligible Customers willbe entitled to enter a Lucky Draw in the following month after the <strong>Cash</strong> Credit is credited into theCustomer’s <strong>Account</strong>.12. Eligible Customers will receive one (1) chance in the Lucky Draw <strong>for</strong> every S$10,000 deposited ineach <strong>iSAVvy</strong> <strong>Savings</strong> <strong>Account</strong> <strong>for</strong> the Promotion, within 30 calendar days from the date the OnlineForm is submitted.13. Lucky Draw chances are non transferable <strong>and</strong> will be cancelled by <strong>Maybank</strong> without incurring anyliability upon the suspension, cancellation <strong>and</strong>/or termination of the <strong>Account</strong>.14. Each Eligible Customer is entitled to win only once in a Lucky Draw during the Promotion Period.For joint accounts, the prize (“Prize”) will be awarded to the main account holder. Prizes will differduring the Promotion Period <strong>and</strong> will be awarded based on the date the Online Form wasprocessed by <strong>Maybank</strong>.15. The Lucky Draw will be conducted at 10 am on the respective Lucky Draw dates at 2 Battery Road,<strong>Maybank</strong> Tower Singapore 049907, or where it is impractical to do so, at such time or venue(s) asmay be determined by <strong>Maybank</strong> in its sole discretion without prior notice.16. <strong>Maybank</strong> may in its sole <strong>and</strong> absolute discretion exchange or substitute a Prize to another ofequivalent or similar value without notice <strong>and</strong> liability to any person. A Prize is not exchangeable orrefundable <strong>for</strong> cash or kind.17. The winner(s) is not entitled to any payment or compensation from <strong>Maybank</strong> should the Prize be<strong>for</strong>feited.18. <strong>Maybank</strong> reserve the right to draw 1 or more reserve winner(s) to replace the winner subsequentlyfound to be disqualified.19. Results will be made available at www.maybank2u.com.sg within 7 days from the date of the LuckyDraw. Winner(s) will be notified by post at their last known address on record with <strong>Maybank</strong>. Except<strong>for</strong> the notifications of the relevant Winner(s), <strong>Maybank</strong> shall not be obliged to enter into anycorrespondence on any matter concerning the Lucky Draw.Page 2 of 3


20. Customers hereby authorise <strong>Maybank</strong> to disclose <strong>and</strong> publish their names <strong>and</strong> other particulars toany person <strong>and</strong> in any mode <strong>and</strong> manner as <strong>Maybank</strong> may deem appropriate in the event thathe/she wins the Prize.21. The winner(s) may be required to attend a prize presentation <strong>and</strong>/or participate in publicityprogrammes. All expenses <strong>and</strong>/or costs incurred <strong>for</strong> such attendance shall be borne by thewinner(s) <strong>and</strong> <strong>Maybank</strong> reserves the right to use the name, address, photographs, in<strong>for</strong>mation,particulars <strong>and</strong>/or documents of the winner(s) in any advertisement or other <strong>for</strong>ms of publicity fromtime to time.22. <strong>Maybank</strong> shall have the sole <strong>and</strong> absolute discretion to exclude any person from participating in theLucky Draw without any obligation to furnish any notice <strong>and</strong>/or reason.Others:23. <strong>Maybank</strong>’s employees are not eligible to participate in the Promotion <strong>and</strong> Lucky Draw. <strong>Maybank</strong>has the sole <strong>and</strong> absolute discretion to exclude any person from participating in the Promotion <strong>and</strong>Lucky Draw without any obligation to furnish any notice <strong>and</strong>/or reason.24. <strong>Maybank</strong>'s decision on all matters relating to the Promotion <strong>and</strong> Lucky Draw (including the awardingof the <strong>Cash</strong> Credit <strong>and</strong> Prize) shall be final <strong>and</strong> binding on all customers.25. This Promotion <strong>and</strong> Lucky Draw is not valid in conjunction with other promotions carried out by<strong>Maybank</strong> unless otherwise specified.26. <strong>Maybank</strong>, its related corporations, employees <strong>and</strong>/or independent contractors shall not be liable toany person <strong>for</strong> any loss, damage <strong>and</strong>/or injury whatsoever of howsoever caused arising from thisPromotion, Lucky Draw <strong>and</strong>/ or use of the Prizes.27. In the event of any inconsistency between these terms <strong>and</strong> conditions <strong>and</strong> any brochures,marketing or promotional materials relating to the promotion, these terms <strong>and</strong> conditions shallprevail.28. <strong>Maybank</strong> reserves the right in its sole <strong>and</strong> absolute discretion to vary, delete or add to any of theseterms <strong>and</strong> conditions from time to time or to suspend or terminate the Promotion at any time withoutprior notice or liability to any person.29. The St<strong>and</strong>ard <strong>Terms</strong> <strong>and</strong> <strong>Conditions</strong> governing <strong>iSAVvy</strong> <strong>Savings</strong> <strong>Account</strong>s shall apply.Deposit Insurance SchemeSingapore dollar deposits of non-bank depositors are insured by the Singapore Deposit InsuranceCorporation, <strong>for</strong> up to S$50,000 in aggregate per depositor per Scheme member by law. Monies <strong>and</strong>deposits denominated in Singapore dollars under the CPF Investment Scheme <strong>and</strong> CPF Minimum SumScheme are aggregated <strong>and</strong> separately insured up to S$50,000 <strong>for</strong> each depositor per Schememember. Foreign currency deposits, dual currency investments, structured deposits <strong>and</strong> otherinvestment products are not insured.In<strong>for</strong>mation correct as at 3 May 2013Malayan Banking Berhad (incorporated in Malaysia)Page 3 of 3

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