How to calculate and check my Eligible New Fund Balance?
"Eligible New Fund Balance" is the incremental between your total deposit balance today as compared with 15 calendar days ago, calculated by currency. If you have enjoyed the new fund time deposit offer in the past 15 calendar days, the principal amount would be deducted from the calculation. For the total deposit balance, it includes the balance of your Savings Accounts, Current Accounts and Time Deposits in sole name and/ or joint name. The Bank reserves the right of final decision should there be any dispute in the definition of "Eligible New Fund Balance".
Calculation of Eligible New Fund Balance
"Eligible New Fund Balance" of customer = (A) Latest deposit balance of a currency – (B) Deposit balance of the same currency as of 15 calendar days ago – (C) Sum of principal amount which has been entitled to new fund offer of Time Deposit within the last 15 calendar days
| Example | ||
| Incremental balance (HKD 140,000) |
=(A) Latest deposit balance (HKD 170,000) |
-(B) Deposit balance of the same currency as of 15 calendar days ago (HKD 30,000) |
| Eligible New Fund Balance (HKD 120,000) |
=(A-B) Incremental balance (HKD 140,000) |
-(C) Sum of principal amount which has been entitled to new fund offer of Time Deposit within the last 15 calendar days (HKD 20,000) |