Terms and Conditions for “Exclusive Foreign Exchange Reward for Global Money+ Users: Cash Reward Up to HKD8,888 ” Promotion (the “Promotion”):

  1. The promotion period is from 23 June 2024 to 30 September 2024, both dates inclusive ("Promotion Period").
  2. The promotion is only applicable to customers who successfully conduct any overseas transfer transaction(s) via “Global Money+” of Hang Seng Mobile App. Only the principal account holder is eligible for the promotion for joint-named account (“Eligible Customer(s)”).
  3. Eligible Customer who has successfully exchanged foreign currencies in real-time via Global Money+, “Foreign Exchange Service” of Hang Seng Mobile App or e-Banking on Desktop, phone banking hotline or branches (“Designated Transaction Channel(s)”) via his/her personal integrated account(s) (including Prestige Private, Prestige Banking, Preferred Banking and Integrated Account) (“Eligible Account”) with a Cumulative FX Transaction Amount that reaches the corresponding specified amount tier in the table below during the Promotion Period (“Eligible FX Transaction(s)”) will be entitled to the respective Cash Reward.
    Cumulative FX Transaction Amount within Promotional Period
    (in HKD or equivalent)     		Cash Reward (HKD)
    $500,000 - below $1,000,000 $188
    $1,000,000 - below $2,000,000 $688
    $2,000,000 - below $20,000,000 $1,388
    $20,000,000 or above $8,888
  4. Each Eligible FX Transaction will be calculated in the Hong Kong Dollar or its equivalent for the transaction amount based on the actual exchange rate executed for the transaction. For any cross currency exchange, the relevant transaction amount will be converted into the Hong Kong Dollar equivalent with the exchange rate for the buy currency solely determined by Hang Seng Bank Limited (“the Bank”) on 30 September 2024.
  5. For the Eligible FX Transaction entitled to other foreign currency exchange offers (including but not limited to exchange rate or spread discount offers) (if applicable), the relevant transaction amount will not be counted in the Cumulative FX Transaction Amount.
  6. Each Eligible Customer is entitled to the Cash Reward of the respective Cumulative FX Transaction Amount tier, depending on the Cumulative FX Transaction Amount at the end of the Promotion Period once only.
  7. The Cash Reward will be credited into the Hong Kong Dollar Savings Account of the relevant Eligible Account of the Eligible Customer on or before 31 January 2025. To enjoy the Cash Reward, Eligible Customer must continue to maintain the relevant account, and without terminating or downgrading the account on or before, 31 January 2025.
  8. This Promotion is not applicable to foreign exchange transaction(s) via notes exchange, cash deposit, notes withdrawal, inward remittance, Overseas Transfer Service via branch, phone banking hotline or e-Banking on Desktop, FX Order Watch Service, Passbook Savings Account, Voice Recording System and foreign exchange transaction(s) made on pre-defined dates by way of forward dated instruction(s). In case of disputes, the decision of the Bank on the customer’s eligibility to enjoy this Promotion shall be final.
  9. The transaction date, time, exchange rate, transaction amount as well as the Cumulative FX Transaction Amount are subject to the record of the Bank. The Bank reserves the right to amend any calculation method of transaction amount at its sole discretion.
  10. This Promotion cannot be used in conjunction with other foreign exchange or exchange rate offers of the Bank.
  11. This Promotion is not applicable to corporate account customers and Private Banking customers.
  12. No person other than the customer 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 provisions of these Terms and Conditions.
  13. These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
  14. These Terms and Conditions are subject to prevailing regulatory requirements.
  15. 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.
  16. In case of any disputes, 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. This Promotion and the relevant offers are subject to the Terms and Conditions for the relevant products or services. If there is any inconsistency between the Terms and Conditions for the relevant products or services and these Terms and Conditions, these Terms and Conditions shall prevail.
  17. In case of any discrepancy between the English and the Chinese versions of these Terms and Conditions, the English version shall prevail.

RMB Currency Risk
Renminbi ("RMB") is subject to exchange rate risk. Fluctuation in the exchange rate of RMB may result in losses in the event that the customer subsequently converts RMB into another currency (including Hong Kong Dollars). Exchange controls imposed by the relevant authorities may also adversely affect the applicable exchange rate. RMB is currently not freely convertible and conversion of RMB may be subject to certain policy, regulatory requirements and/or restrictions (which are subject to changes from time to time without notice). The actual conversion arrangement will depend on the policy, regulatory requirements and/or restrictions prevailing at the relevant time.

Foreign Currency Risk
Foreign Exchange involves Exchange Rate Risk. Fluctuations in the exchange rate of a foreign currency may result in gains or losses in the event that the customer converts the deposits from foreign currency to another currency.