“PowerDraw” Promotion (“Promotion”) Terms and Conditions

1.  The Promotion is valid from 1 April 2021 to 30 September 2021, both days inclusive (“Promotion Period”).

2.  By participating in this Promotion, participants are deemed to accept these terms and conditions (“T&Cs”).

3.  The Promotion is only applicable to cardholders of ZA Card who have successfully linked his/her ZA bank account to ZA Coin (“Participant”), a third-party reward scheme operated by ZA International Financial Services Limited (“ZAIF”).

“PowerDraw” Chance

4.  Each transaction by Participant who uses ZA Card to spend during the Promotion Period will be entitled to one (1) “PowerDraw” Chance if the transaction has met all the following criteria:

  a.  The transaction is an Eligible Transaction (as defined under Clause 17);

  b.  The transaction amount is no less than HKD 10; and

  c.  The transaction has not entitled to any rewards of other ZA Card promotions that involve ZA Coin.

5.  Participant can use the “PowerDraw” Chance immediately or keep it in the ZA Bank App.

6.  All “PowerDraw” Chance will be valid for 48 hours from receipt and will be forfeited after expiry.

7.  Each Participant can earn a maximum of 20 “PowerDraw” Chances per day.

“PowerDraw” Rewards

8.  Each “PowerDraw” Chance earned during the Promotion Period will give a random percentage of a rebate up to 200% of the transaction amount based on the probability distributions defined by ZA Bank. Probability of each “PowerDraw” Reward is not evenly distributed.

9.  In the event of missing of "PowerDraw" Chance entitled under Clause 4 due to network error or other unexpected issues, ZA Bank shall compensate 0.4% rebate of the corresponding transaction amount.

10.  The “PowerDraw” Rewards is provided in the form of ZA Coin and shall be credited to Participant’s ZA Coin account operated by ZAIF within short amount of time. ZA Bank will use its best endeavour to provide the necessary information to ZAIF to facilitate this purpose, however ZA Bank makes no warranty that the ZA Coins earned will be accurately credited to ZA Coin account operated by ZAIF and accepts no liability for failure or delay in the crediting of ZA Coin to Participant’s ZA Coin account for any reason beyond ZA Bank’s control.

11.  The “PowerDraw” Rewards is capped at 1,000,000 ZA Coins (or HKD 10,000) per transaction.

12.  ZA Coin can be redeemed to cash in ZA Bank App at a rate of 100 ZA Coins = HKD 1. Upon successful redemption, the cash will be deposited to Participant’s ZA Bank HKD savings account instantly. The monthly cash redemption amount is capped at HKD 10,000. Terms and Conditions of ZA Coin apply for redemption. For details, please visit coin.za.group. ZA Bank is not obliged to notify Participant of any changes or latest announcements of ZAIF.

13.  If the ZA Coin unit earned is not an integer, ZA Bank will adjust the ZA Coin to the nearest integer.

14.  In the event of any illegal, fraudulent or abnormal transacting behaviour by a Participant during the participation of this Promotion, the Bank shall cancel such person’s rewards earned and/ or entitlement to these rewards, and reserve the right to take any necessary legal action. The abnormal transaction behaviour includes but not limited to the act of frequent refund or cancellation of transactions.

15.  If a transaction has been reversed or cancelled (including partial or full reversal or cancellation), ZA Bank will deduct the reward earned in the transaction (if any) and/ or cancel the right to earn rewards and will NOT grant a new PowerDraw Chance on the new transaction(s) derived from the reversal or cancellation. If Participant’s ZA Coin balance is insufficient, ZA Bank will deduct an amount from Participant’s ZA Bank HKD savings account corresponding to the cashback able to be made from the units of ZA Coin Participant earned in relation to the original transaction.

16.  ZA Bank will make the best endeavours to deduct the reward earned in the transaction from a reversed or cancelled transaction. In the event of the reversal or cancelled of transaction cannot be mapped to match the original transaction, ZA Bank will deduct 0.4% from the reversal or cancellation amount.

Eligible Transactions

17.  Eligible Transaction means retail transaction made with ZA Card but does NOT include the following:

  a.  Insurance payment;

  b.  Payment to Inland Revenue Department;

  c.  Payment to merchant in gambling and betting;

  d.  Payment in relation to crypto-currencies;

  e.  Payment to financial institutions, including dealers / brokers;

  f.  Money transfers to personal accounts;

  g.  Purchases of foreign currencies, money orders or traveler’s cheques

  h.  Quasi-cash transactions

  i.  Digital wallet top-ups;

  j.  Octopus top-ups;

  k.  Payments of financial charges or fees;

  l.  Cancelled, reversed or unposted transactions (including partial or full reversal or cancellation)

18.  The list of Eligible Transactions may change from time to time and ZA Bank has no obligation to notify Participant of such change or clarify on eligibility of transaction before any transaction made. ZA Bank will try its best to explain to Participant the category of the transaction. ZA Bank will not guarantee that the transaction is eligible for the “PowerDraw” Chance and will not be liable to Participant whatsoever for the “PowerDraw” Rewards due to any ineligible transaction.

General Terms

19.  All “PowerDraw” Rewards cannot be transferred unless otherwise specified herein.

20.  ZA Bank reserves the right to adjust, withdraw or cancel the Promotion, and to amend or revise any of these T&Cs from time to time without prior notice and without assigning any reasons whatsoever.

21.  In case of any ambiguity, doubts or disputes arising out of or under any of these T&Cs 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.

22.  If the Participant has any enquiries towards the Promotion, please contact ZA Bank at 3665 3665.

23  No one other than the Participant and ZA Bank (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 provision of these Terms.

24.  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.

25.  In the event of any discrepancy or inconsistencies between the English and Chinese versions of these T&Cs, the English version shall prevail.

ZA Bank