Exclusive Offers for CMB Wing Lung Private Banking Customer1

  • Contents of the Offers:
    Waiver of Monthly Maintenance Fee2 - Existing and new CMB Wing Lung Private Banking Customers can enjoy waiver of Monthly Maintenance Fee for CMB Wing Lung Private Banking Service.
    Deposits3 - Eligible Customer can enjoy as low as 1% Fund Trading Subscription Fee Promotional Offer if Eligible Customer subscribes investment fund(s) through “Fund Services” of NET Banking Services or CMB Wing Lung Bank Mobile App
    - Preferential HKD Current Account Deposit Interest Rate: Preferential HKD Current Account Deposits Interest Rate can be enjoyed if the HKD current account balance of All-In-One Card Account is maintained at a specified level
    Investment Fund Trading Subscription Fee Promotional Offer4
    - Eligible Customer can enjoy as low as 1% Fund Trading Subscription Fee Promotional Offer if Eligible Customer subscribes investment fund(s) through “Fund Services” of NET Banking Services or CMB Wing Lung Bank Mobile App

    Securities Services Offers5
    - Apply for IPO Shares Subscription with Cash or IPO Loan Services through CMB Wing Lung Bank Mobile App to enjoy $0 IPO Shares Subscription handling fee
    - Enjoy rebate of HKD120 securities custody fee with annual securities trading amount reaches HKD5,000,000.
    - Enjoy waiver of Physical Scrip Deposit Fee.
    Insurance Services Offer6 - CMB Wing Lung Insurance Company Limited (“CMB Wing Lung Insurance”): Successful application for designated insurance products can enjoy First Year Premium Discount Offer
    Property Mortgage and Secured Loans7 - Property Mortgage Interest Rate Offer: Eligible Customer can enjoy a preferential HIBOR mortgage rate* upon successful application for Property Mortgage Loan with the Bank with an aggregate drawdown amount of not less than HKD3,000,000
    - Wealth product financing and pledge loans: Support a wide range of products such as insurance, bonds, funds and stocks. Eligible Customer can enjoy preferential interest rate and handling fee

    *HIBOR is used as the interest rate basis. HIBOR mortgage rate refers to Interbank Rate from time to time quoted by the Bank, subject to fluctuations.
    Property Management Services8 - New delegated property letting or sales can enjoy the following offers:
    • 25% commission discount offer
    • Wavier of advertising fee up to 4 times

    - New delegated property of tenancy management services for rent can enjoy:
    • Waiver of service charge for first 2 months
    • Extra 0.25% service charge deduction
    Other Banking Services9 Remittance Services
    - Outward Remittance: HKD20 handling charge deduction for each transaction of outward telegraphic transfer of any currency through the Bank’s service counter
    - Inward Remittance: Wavier of handling charges for all inward remittance

    Safe Deposit Box Services
    - Up to 50% discount on designated size of safe deposit box

    Others
    - Waiver of all handling charges of purchasing cashier order or gift cheque

For details of the above Exclusive Offers for CMB Wing Lung Private Banking Customer, please refer to the relevant terms and conditions.

Terms and Conditions of Exclusive Offers for CMB Wing Lung Private Banking Customer:
  1. Exclusive Offers for CMB Wing Lung Private Banking Customer (“This Offer”) is only applicable to the new and existing CMB Wing Lung Private Banking Customer (“Eligible Customer”) of CMB Wing Lung Bank Limited (“the Bank”). Unless otherwise stated in other provisions, the promotional period of This Offer is valid from 1st January 2024 to 31st December 2024, both days inclusive (“the Promotional Period”).
  2. The Monthly Maintenance Fee of CMB Wing Lung Private Banking Service of the Eligible Customer is waived from 1st January 2024 to 30th June 2024, both days inclusive.
  3. Deposits Offer
    • 3.1 Eligible Customer who places a fixed deposit via CMB Wing Lung Bank Mobile App in HKD or designated foreign currencies (including USD, CAD, GBP, AUD and NZD) can enjoy CMB Wing Lung Bank Mobile App Preferential Rate (“Preferential Rate”) and/or Extra Preferential Rate (Extra Preferential Rate is not included in RMB fixed deposits) (“Extra Preferential Rate”).
    • 3.2 Eligible Customer can enjoy preferential HKD Current Account Deposit Interest Rate if their HKD current account balance of All-In-One Card Account maintains at a specified level.
    • 3.3 All fixed deposits cannot be withdrawn, cancelled or terminated before maturity. If the Eligible Customer withdraws, cancels or terminates the fixed deposits before maturity, the Bank will not disburse any interest, and charges will apply.
    • 3.4 Deposits Offer cannot be used in conjunction with other offers.
    • 3.5 Preferential Rate, Extra Preferential Rate and Preferential HKD Current Account Deposits Interest Rate announced by the Bank from time to time will prevail. For details, please contact relationship manager of the Bank.
  4. Fund Trading Subscription Fee Promotional Offer
    • 4.1 Fund Trading Subscription Fee Promotional Offer is applicable to Eligible Customer with relevant instruction received and accepted by the Bank by 3 p.m. on or before 31st December 2024.
    • 4.2 Fund Trading Subscription Fee Promotional Offer is only applicable for subscription of investment fund(s) through “Fund Services” of NET Banking Services or CMB Wing Lung Bank Mobile App. Amount of Promotional Subscription Fee is calculated based on the subscription amount of each investment fund subscription.
    • 4.3 Fund Trading Subscription Fee Promotional Offer is not applicable to investment funds with no subscription fees, money market funds or any other funds designated by the Bank.
    • 4.4 Fund Trading Subscription Fee Promotional Offer cannot be used in conjunction with any other offers.
  5. Securities Services Offer
    • 5.1 Terms and Conditions of IPO Shares Subscription $0 Handling Fee Offer:
      • 5.1.1 The promotional period of IPO Shares Subscription $0 Handling Fee Offer (“this Offer”) is from 1st January 2024 to 31st December 2024 (both dates inclusive) ("the Promotional Period").
      • 5.1.2 This Offer is only applicable to customer who holds Securities Account of CMB Wing Lung Bank Limited (“the Bank”) (“Eligible Customer of Securities Services Offer”).
      • 5.1.3 This Offer is only applicable to IPO Shares Subscription listed on Main Board and GEM Board of Hong Kong Stock Exchange through nominee service of the Bank and will be subject to the announcement of the Bank (“Eligible IPO Shares”).
      • 5.1.4 Eligible Customer of Securities Services Offer must apply for IPO Shares Subscription with cash or IPO Loan Services through CMB Wing Lung Bank Mobile App successfully during the Promotional Period in order to enjoy this Offer. Each Eligible IPO Shares application can enjoy this Offer once during the Promotional Period.
      • 5.1.5 Eligible Customer of Securities Services Offer who applies for IPO Shares Subscription with cash of each Eligible IPO Shares can enjoy subscription fee waiver of HKD50 immediately.
      • 5.1.6 Eligible Customer of Securities Services Offer who applies for IPO Loan Services of each Eligible IPO Shares can enjoy IPO loan handling fee waiver of HKD100 immediately.
      • General Terms and Conditions for IPO Shares Subscription:
      • 5.1.7 The maximum loan amount per application is HKD50,000,000 through CMB Wing Lung Bank Mobile App
      • 5.1.8 Each Eligible Customer of Securities Services Offer can only apply each Eligible IPO Shares once and enjoy the above offers once for each Eligible IPO Shares.
      • 5.1.9 IPO Loan Services, with quota, is offered on a first-come-first-serve basis and depends on whether the bank provides the loan services for IPO. For details of the relevant IPO Loan Services including but not limited to the subscription period, loan lending rate p.a., etc, will be subject to the announcement of the Bank on each individual IPO Shares from time to time.
      • 5.1.10 Any IPO loan as granted by the Bank is subject to the terms and conditions relating to the [new issue financing] of the [General Conditions for Accounts and Services].
      • 5.1.11 The Bank reserves the right to suspend, amend, terminate or cancel the above offers and/or amend these promotional terms and conditions (including but not limited to such suspension, amendment, termination or cancellation due to changes in the subscription period and upper price limit of the above IPO shares) at any time without further notice. Should there be any disputes of the above offers and these promotional terms and conditions, the Bank shall have the final right of explanation and decision and is conclusively binding.
      • 5.1.12 In case of discrepancies between the English and Chinese versions of these promotional terms and conditions, the Chinese version shall prevail.
    • 5.2 Eligible Customer who uses CMB Wing Lung Private Banking Account as settlement account of Securities Services, with annual securities trading amount during the 12 calendar months after the account opening month (“year”) reaches HKD5,000,000, can enjoy the rebate of securities custody fee (HKD120). No securities custody fee will be charged if there are no securities holding in that year.
    • 5.3 Waiver of Physical Scrip Deposit Fee Offer is only applicable to Eligible Customer. Eligible Customer still needs to pay the stamp duty of HKD5 per transfer deed which is charged by the Hong Kong SAR Government. If the Eligible Customer terminates the CMB Wing Lung Private Banking Service, the Securities Services Offer is no longer applicable and the standard Securities Service rates will be charged for all securities rates after the termination of the service. Please refer to CMB Wing Lung Private Banking Service Charges or General Banking and CMB Wing Lung Bank Tariff Guide for details.
  6. Insurance Services Offer
    • 6.1 Eligible Customer who successfully apply the designated insurance products of CMB Wing Lung Insurance Company Limited (“CMB Wing Lung Insurance”) listed below through the Bank’s website or CMB Wing Lung Bank Mobile App or CMB Wing Lung Private Banking and Wealth Management Department can enjoy First Year Premium Discount Offer:

    Designated Insurance Products

    First Year Premium Discount Offer

    Online Application

    Travel Insurance 2.0 (Single Journey)

    30% off

    Travel Insurance 2.0 (Annual Cover))

    Personal Accident (Plus) Insurance

    Sweet Home Insurance

    Helper Insurance (Plan B & C)

    For details, please contact relationship manager of the Bank.

    • 6.2 Minimum premium requirement is applicable for designated insurance products.
    • 6.3 Regarding the First Year Premium Discount Offer of designated insurance products, protection coverage and terms and conditions of each insurance products, please refer to relevant terms and conditions of the product or contact relationship manager of the Bank.
    • 6.4 The abovementioned insurance products are underwritten by CMB Wing Lung Insurance, they are not the products of the Bank.
    • 6.5 The Bank is the Appointed Insurance Agency (Insurance Authority Licensed Insurance Agency Number: FA3403) of CMB Wing Lung Insurance. The insurance products the Bank can promote, advise on or arrange are limited to the insurance products offered by the appointing insurer.
    • 6.6 CMB Wing Lung Insurance is authorized and supervised by Insurance Authority to operate general insurance business in Hong Kong Special Administrative Region.
    • 6.7 In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Bank and the Eligible Customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the Eligible Customer; however any dispute over the contractual terms of these insurance products should be resolved by CMB Wing Lung Insurance and the Eligible Customer.
    • 6.8 CMB Wing Lung Insurance has reserved the absolute rights to determine whether to accept the application of the above mentioned insurance products based on the information of applicant/insured person provided on the application.
    • 6.9 CMB Wing Lung Insurance could amend or cancel the terms and conditions of the above mentioned insurance products from time to time without prior notice. CMB Wing Lung Insurance reserved the final decision rights in case of any disputes.
  7. Property Mortgage and Secured Loans Offer
    • 7.1 Eligible Customer must apply for Property Mortgage Loan during the Promotional Period and drawdown in full on or before 31st December 2024 to enjoy Property Mortgage and Secured Loans Offer.
    • 7.2 Property Mortgage and Secured Loans Offer is only applicable to Residential Property Mortgage Loan and is not applicable to applications referred by Mortgage referral agents and cannot be used in conjunction with other offers.
    • 7.3 Property Mortgage and Secured Loans Offer is subject to Terms and Conditions of Property Mortgage and Secured Loans Offer and the Bank’s “MORTGAGE WITH PROPERTY AS COLLATERAL - TERMS AND CONDITIONS” for Property Mortgage Loan.
    • 7.4 Property Mortgage Interest Rate Offer is subject to the relevant terms and conditions. HIBOR mortgage rate refers to Interbank Rate from time to time quoted by the Bank, subject to fluctuations.
    • 7.5 Approval to application of a Property Mortgage Loan is subject to, inter alia, the Bank’s credit policy and checking of the credit reference.
    • 7.6 Eligible Customer can enjoy preferential interest rate and the handling fee who applies for wealth product financing and pledge loans such as insurance, bonds, funds and stocks. This offer is not applicable to cash out for loan purpose. For details, please contact relationship manager of the Bank.
  8. Property Management Services Offer
    • 8.1 Eligible Customer who delegates new property letting or sales to the Bank can enjoy 25% commission discount offer and wavier of advertising fee for that new property up to 4 times.
    • 8.2 Eligible Customer who delegates new property of tenancy management services for rent to the Bank can enjoy wavier of service charge for first 2 months and extra 0.25% service charges deduction.
    • 8.3 The property management services are provided by CMB Wing Lung Property Management Limited (Estate Agent’s Licence No.: C-020523), a wholly owned subsidiary of the Bank.
    • 8.4 Property Management Service Offer is not applicable to Eligible Customer who has terminated the tenancy management services, property letting or sales services but acquired for such services again in respect of the same property within two years starting from the termination date of the last Property Management Services.
    • 8.5 The minimum term of delegating tenancy management services is one year. If the delegation is terminated within a year, Eligible Customer shall pay the service charges for the remaining period for that year.
  9. Other Banking Services Offer
    • 9.1 Eligible Customer who transacts outward telegraphic transfer of any currency through the Bank’s service counter can enjoy HKD20 deduction from the handling charge for each transaction. All handling charge is waived for inward remittance for Eligible Customer.
    • 9.2 Safe Deposit Box Rental Services is available at Main Branch, Happy Valley Branch, Mongkok Branch, Tsim Sha Tsui Branch, and To Kwa Wan Branch of the Bank. Safe Deposit Box Services Offer is applicable to the smallest boxes only. Eligible Customer should pay the first year rental to entitle the wavier for second year’s rental. For details, please contact relationship manager of the Bank.
    • 9.3 Each Eligible Customer can enjoy up to 3 cashier orders and 3 gift cheques handling charge waiver per day.
  10. For charges details of each of the above services, please refer to the Bank’s latest CMB Wing Lung Private Banking Service Charges.
  11. Each of the above offers is bounded by relevant terms and conditions. For details of the terms and conditions of the relevant offers, please contact relationship manager of the Bank.
  12. The Bank reserves the right to amend, suspend or terminate each of the above offers and to amend respective terms and conditions at any time without further notice. In case of any disputes about This Offer, the Bank’s decision shall be final and conclusive.
  13. In case of discrepancies between the English and Chinese versions of this leaflet, the Chinese version shall prevail.


Important Notice:

This is an investment product and some may involve derivatives. The investment decision is yours but you should not invest in the investment product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.


Risk Disclosure Statement:

The above information is for reference only and does not constitute and should not be regarded as any offer to purchase or sell. Investment involves risks and the price of investment product or securities may fluctuate or even become worthless. Past record is not an indicator of future performance. Losses may be incurred rather than making a profit as a result of investment. You should carefully and independently consider whether the investment products are suitable for you in light of your investment experience, objectives, financial position and risk profile. Independent professional advice should be obtained if necessary. Please read our General Conditions for Accounts and Services and the relevant terms and conditions together with the risk disclosure statements in the prospectus of the investment product before making any investment decisions. The above information has not been reviewed by the Securities and Futures Commission.

Foreign currency investments are subject to exchange rate fluctuations which may involve risks. The fluctuation in the exchange rate of foreign currency may make a gain or loss in the event that customer converts the foreign currency into other foreign currencies (including Hong Kong dollar).


Warning: To borrow or not to borrow? Borrow only if you can repay!


Statement:

According to the Personal Data (Privacy) Ordinance, you may, at any time and without charge, choose not to receive our future promotional materials. Please inform us in writing in case of such a request to the Data Protection Officer. (Address: The Data Protection Officer, CMB Wing Lung Bank Limited, 45 Des Voeux Road Central, Hong Kong. Fax no.2782 3895).


CMB Wing Lung Bank Limited