ZA Bank Limited (“ZA Bank”) Member Get Member Programme (“MGM Programme”) Terms and Conditions(“T&Cs”)
1. To be eligible for the MGM Programme, the participant (“Participant”) must:
1.1 be a valid account holder of a ZA Bank account;
1.2 pass the internal review which will be completed by ZA Bank upon or after successful account opening ;
2. The period for the MGM Programme is from 1st July 2020 till 31th July 2020 (“Period”).
3. During the Period, the Participant will be eligible to the cash reward in Clauses 4 and 5 if the conditions below are fulfilled (“Successful Referral”):
3.1 The Participant refers a person (“Referee”) to successfully open an account with ZA Bank during the Period [by:
(a) The Participant will receive an invitation code relating to the MGM Programme; and the Participant must forward that invitation code to the Referee; and
(b) the Referee must redeem the invitation code and successfully submit an account opening application with the invitation code; and
(c) such other additional requirements imposed by ZA Bank are fulfilled.
3.2 The Referee must be a new customer since 1 July 2020 and not holding any product or service with ZA Bank (including but not limited to deposit account and loan account) before 1 July 2020;
3.3 The Referee has successfully opened an account with ZA Bank; and
3.4 The Referee has passed ZA Bank’s internal review for account opening.
4. Upon Successful Referral, the Participant and the Referee shall be rewarded according to the criteria as set out below (“Reward Criteria”).
| Successful Referral | Cash Reward (Participant) | Cash Reward (Referee) |
|---|---|---|
| Each Successful Referral | HKD200* | 0 |
| Upon reaching day-end balance of HKD10,000 equivalent within 15 days after successful account opening by the Referee | HKD50* | HKD50* |
If the Participant has successfully referred more than 50 Referees within 2 consecutive calendar months since his/her first time participate MGM, the following Reward Criteria shall be updated to below starting from the following calendar month:
| Successful Referral | Cash Reward (Participant) | Cash Reward (Referee) |
|---|---|---|
| Each Successful Referral | HKD300 | HKD50 |
Rewards
5. Subject to Clause 3, the Participant shall receive his/her cash reward in Clause 4 above if,
5.1 the status of the Participant’s account with ZA Bank remains valid and active. If his/her account is closed during the Period, ZA Bank has the right to forfeit the cash reward without prior notice, and no reward will be credited to any other account or through any other means until the status of such account is back to normal.
6. The cash reward will be credited to the Participant’s account maintained with ZA Bank. If the account is under internal review, the cash reward will be credited to his/her account maintained with ZA Bank upon the completion of internal review.
7. Subject to Clause 6, the one-time extra cash reward will be credited to the Participant’s account maintained with ZA Bank within 15 working days after the promotion period.
8. Participants must not refer themselves as Referees. Participants and Referees who refer each other to open an account with ZA Bank will not be eligible for the MGM Programme. A Referee who has been successfully referred by one Participant cannot be repeatedly referred by the same Participant or other Participant(s).
9. Subject to Clause 4, each Referee is entitled to the cash reward in accordance with the Reward Criteria once only.
10. All cash rewards cannot be transferred, returned, exchanged or converted into other form, unless otherwise specified.
11. ZA Bank reserves the right to adjust, withdraw or cancel the MGM Programme, the reward, and to amend or revise any of these T&Cs from time to time without prior notice and without assigning any reasons whatsoever.
12. In case of any ambiguity, doubts or disputes arising out of or under any of these terms and conditions or any communications, the decision of ZA Bank is final and conclusive in all circumstances without assigning any reasons whatsoever and no correspondence will be entered into.
13. These T&Cs are governed in all respects by and construed in accordance with the laws of the Hong Kong Special Administrative Region. The parties submit to the jurisdiction of the courts of the Hong Kong Special Administrative Region.
14. In the event of any discrepancy or inconsistencies between the English and Chinese versions of these T&Cs, the English version shall prevail.
Note: This page does not constitute any offer, invitation or recommendation to any person to enter into any transaction described therein or any similar transaction.
Issued by ZA Bank Limited.