Terms and Conditions Governing the OCBC Premier SGD Top Ups November 2024

The OCBC Premier SGD Top Ups November 2024 (the “Promotion”) commences from 15 November 2024 and ends on 31 December 2024 (or any such date(s) as may be determined and notified by OCBC in its sole discretion) (“Promotion Period”).

The Terms and Conditions Governing the OCBC Premier SGD Top Ups November 2024 are to be read in conjunction with the Terms and Conditions Governing Deposit Accounts.

1. Eligibility
   1. The Promotion is open to all OCBC Premier Banking / Premier Private Client customers who hold Eligible Accounts (as defined below) with Oversea-Chinese Banking Corporation Limited (“OCBC”) and who have performed an Eligible Transaction as defined below and as described in these terms and conditions.
   2. An “Eligible Account” refers to an individual (personal) OCBC Passbook Savings Account, Statement Savings Account, Premier Statement Savings Account, Premier Easisave Account, SmartParent Account, SmartSavings Account, MoneyMax Account or Easisave Account or any account deemed eligible by OCBC in which an Eligible Transaction is performed on during the Promotion Period, regardless of when the account was opened.
   3. An “Eligible Transaction” refers to the deposit of Fresh Funds (as defined below) into an Eligible Account and agreement of the Eligible Customer for OCBC to withhold the funds deposited for a specific period determined by OCBC (“Earmark Period”)
   4. “Fresh Funds” refers to funds in the form of non-OCBC cheques/ cashier’s orders/ demand drafts, funds that are not transferred from any existing OCBC accounts, and funds that are not withdrawn and re-deposited with OCBC during the Promotion Period for purposes of qualifying for the Promotion.
   5. The Participating Funds must be incremental to the Eligible Account’s deposit balances between the day end balance on the last day of the preceding month and the day end balance of the date that the Participating Funds were deposited. This difference must be maintained until the last day of the month that the Participating Funds were deposited.
   6. An “Eligible Customer” is an account holder of an Eligible Account who performs an Eligible Transaction.
   7. “Promo Interest” refers to additional interest rate, on top of the prevailing base interest rate, that will be earned by Eligible Customers. The Promo Interest is only applicable to the Fresh Funds amount earmarked for the Promotion, up to a maximum of S$2,000,000 (SGD Offer), for a period of 88 days.
2. Promotion Mechanics
   1. An Eligible Customer who performs an Eligible Transaction during the Promotion Period is entitled to the Promo Interest if he or she deposits Fresh Funds of at least S$80,000 and registers their interest to take part in the Promotion via their OCBC Relationship Manager or OCBC Client Advisor.

      Currency	Fresh Funds Amount	Promo Interest (p.a.)	Base Interest (p.a.)	Earmark Period (Days)
      SGD	At least $80,000	2.95%	0.05%	88

   2. The deposited funds are not available for withdrawal from OCBC before the expiry of the Earmark Period. Customers who wish to withdraw the funds before the expiry of the Earmark Period should approach their OCBC Relationship Manager or OCBC Client Advisor.
3. Award of Promo Interest
   1. Only 1 Eligible Transaction per Eligible Customer will be eligible for the Promo Interest.
   2. We will credit the cash reward based on the following:

      Date of Eligible Transaction	Promo Interest Credited by
      November 2024	31 March 2025
      December 2024	30 April 2025

   3. Where an Eligible Customer qualifies for the Promo Interest, the Promo Interest amount shall be credited into the Eligible Account in respect of which the Eligible Transaction was made. OCBC reserves the right to credit / award the relevant Promo Interest to such Eligible Customer by any other means as it deems fit.
   4. In the event that the Eligible Customer who has received the Promo Interest withdraws the deposited funds – whether in whole or in part – from the Eligible Account before the expiry of the relevant Earmark Period, OCBC shall have the right to debit the value of the Promo Interest, plus any goods and services tax or such other amount as it deems fit, from the account(s) of the customer.
   5. The eligibility of a customer to receive the Promo Interest shall be determined at the absolute discretion of OCBC.
   6. If any customer is subsequently discovered to be not entitled or ineligible to participate in the Promotion or to receive the Promo Interest, OCBC reserves the right to (i) forfeit or withdraw the Promo Interest at any time or (ii) (where the Promo Interest has been redeemed) reclaim the Promo Interest or request the relevant customer to repay to or compensate OCBC the value of the Promo Interest at any time, and OCBC shall have the right to debit the value of the Promo Interest plus any goods and services tax or such other amount as it deems fit from the account(s) of the customer. No person shall be entitled to any payment or compensation from OCBC should any Promo Interest be forfeited or withdrawn or if any Promo Interest is reclaimed by OCBC or a Customer is asked to repay to or compensate OCBC the value of the Promo Interest for whatsoever reasons.
4. General
   1. This Promotion is not valid with other offers or promotions unless otherwise stated.
   2. OCBC shall not be responsible for the quality, merchantability or fitness for any purpose or any other aspect of the Promotion, or any product and/or service relating to the Promotion. Notwithstanding anything herein, OCBC shall not at any time be responsible or held liable for any defect or malfunction in any product or the deficiency in any service provided, and/or any loss, injury, damage, or harm suffered or incurred by or in connection with the Promotion, and/or the use of any product and/or service relating to the Promotion, by any person.
   3. OCBC reserves the right at its absolute discretion to terminate the Promotion or vary, delete or add to any of these terms and conditions at any time without notice including, without limitation, the eligibility of any customer and the dates of the Promotion. The decision of OCBC on all matters relating to this Promotion shall be final and binding on all participants. No correspondence or appeal shall be entertained by OCBC.
   4. 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.
   5. OCBC shall not be responsible for any loss or damage to any person in connection with the Promotion howsoever arising, including any error in computing chances, any breakdown or malfunction in any computer system or equipment, or any notice which is misdirected or lost in the post or in transmission.
   6. These terms and conditions shall be governed by laws of Singapore and the participants irrevocably submit to the non-exclusive jurisdiction of the courts of Singapore. A person who is not a party to any agreement governed by these terms and conditions shall have no right under the Contracts (Right of Third Parties) Act 2001 to enforce any of these terms and conditions.
   7. By participating in this Promotion, the customer hereby agrees and consents to the collection, use and disclosure of their personal data by OCBC and its related corporations (collectively, "OCBC Group") for the purposes of managing and administering this Promotion, and such other related purposes, in accordance with OCBC’s Data Protection Policy (which can be accessed via the OCBC website > Personal Banking > Policies).

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