PRIORITY BANKING SERVICES AND PRIVILEGES
TERMS AND CONDITIONS
In these terms and conditions, "you" refers to you, your joint account holder or your authorized person who are Priority Banking customers of Standard Chartered Group. The additional services we provide to you as a Priority Banking customer are governed by these terms and conditions.
1Membership
1.1
To become a Priority Banking Customer, you will need to meet our eligibility criteria. The admission to the Priority Banking membership depends solely on the Bank’s discretion. We may at any time discontinue your Priority Banking membership subject to proper notice.
1.2
Your Priority Banking membership will be valid for one (1) year from the date you become a Priority Banking member. The annual renewal of your Priority Banking membership is subject to the fulfillment of the eligibility criteria and depends solely on the Bank’s discretion.
1.3
You may end your Priority Banking membership by giving us written notice.
2Eligibility criteria for Priority Banking
To enjoy exclusive Priority Banking membership and all the benefits and privileges that come with it, simply maintain a minimum of USD 50,000 in deposits and/or investments.
3Fees and charges
3.1
We may charge you fees for providing you with Priority Banking services. The fees are set out in the Priority Banking tariff sheet and may change from time to time. You may request for a copy of the Priority Banking tariff sheet or the specific charges for a particular Priority Banking service by contacting your relationship manager, via phone banking, visiting our branches or from the Standard Chartered Bank website in your country.
3.2
As a Priority Banking customer, you must meet our eligibility criteria. Should you fail to meet our eligibility criteria, we may impose a fee to be deducted from your account.
4Information we disclose
You consent to each member of the Standard Chartered Group, its officers, employees, agents, representatives, and advisers disclosing information relating to you (including details of the accounts, products or any security) to our head office and any other member of the Standard Chartered Group in any jurisdiction and our insurers, auditors and service providers or anyone we consider necessary in order to provide you with Priority Banking services.
5Priority Banking Services
Priority Banking services may not be available in all countries and are subject to local regulations. We may vary or withdraw the services at any time. You can find out the current services available to you by contacting your Relationship Manager, via phone banking, visiting our branches or from the Standard Chartered Bank website in your country.
5.1
Household recognition
5.1Household recognition
5.1.1
The admission of your immediate family members to Priority Banking membership is subject to your family members holding eligible accounts with us and you notifying us of their accounts. We may end your family members’ Priority Banking membership at any time and will notify you.
5.1.2
The Priority Banking membership of your family members will be valid for one (1) year from the date you become a Priority Banking member. The renewal of the Priority Banking membership of your family members each year is subject to you fulfilling the eligibility criteria.
5.2Global recognition
5.2.1
The Global Recognition service is not available in all countries.
5.2.2
The Global Recognition service is subject to you notifying us in writing of the details of the accounts you hold with us in each country.
5.2.3
The Global recognition service is only available to your family members who have been admitted to Priority Banking membership through household recognition.
5.3Preferential foreign currency exchange
Preferential currency exchange rates are only available in countries where we offer preferential foreign exchange rates for local Priority Banking customers.
5.4Global Link
The Global Link service is provided subject to the terms in the Global Link Guidelines. These guidelines are available when you access SCB On-line Banking.
5.5Emergency Cash
You may withdraw the local currency equivalent of up to USD 5,000 daily when using the Emergency Cash service. The Emergency Cash service is subject to terms contained in the Emergency Cash Application form.
5.6Services provided by third parties
From time to time we may introduce you to other Priority Banking privileges and service provided by third parties. Any services provided by third parties are subject to their terms and conditions and we will not be liable for any loss, damage or liability you incur in connection with such services.