WeLab Bank Welcome Offer: 10% Food & Beverage Rebate Terms & Conditions
 The WeLab Bank Welcome Offer: 10% Food & Beverage Rebate (“Offer”) period shall be from 1 February 2022 to 28 February 2022 (both dates inclusive) (“Offer Period”).
 The Offer is only applicable to new customers (“you” or “your”) who have successfully opened a bank account at Welab Bank Limited (“WeLab Bank”, “we”, “us” or “our”) using the referral code “FOODIE” within the Offer Period. To be a new WeLab Bank customer means you have not terminated and/or closed your WeLab Bank account in the twelve (12) months prior to the commencement of the Offer Period.
 You may only use one (1) referral code when opening a WeLab Bank account, and you will only be entitled to the Account Opening Rebate which corresponds with the referral code used. This Offer cannot be used in conjunction with other referral programmes which means if you have input any other referral codes when you apply for your WeLab Bank account, then you are not entitled to the Account Opening Rebate under this Offer.
 The offer is only applicable to Eligible F&B Transactions (please refer to clauses 8-9 for the definitions) conducted from the date of successful account opening until the last calendar day of the next calendar month ("Transaction Period"). An account opening is deemed to be successful only upon receiving a confirmation email from WeLab Bank indicating that the account opening request is approved and the account is set up.
For example, if you receive the account opening confirmation email on 20 November 2021, the Transaction Period starts from 20 November 2021 until 31 December 2021 (both dates inclusive). Transaction time will be based on Hong Kong Time (HKT).
 During the Transaction Period, your Eligible F&B Transactions will be entitled to a 10% cash rebate. In all circumstances, the total amount of cash rebate you can earn from this Offer is capped at HKD 500 (“Account Opening Rebate”).
 This Offer cannot be used in conjunction with the “Interest Rate Boost Offer”. This means that during the Transaction Period, you are not entitled to enjoy this Offer if you joined “Interest Rate Boost Offer”. Please refer to the relevant terms and conditions for more details.
 This Offer can be used in conjunction with the “WeLab Bank X KMB E-Payment Bus Fare Rebate Offer”
In all circumstances, the maximum amount of cash rebate you can earn from above mentioned offer in each calendar month is HKD 120. This HKD 120 cap does not share the same rebate cap with this Offer. Please refer to the relevant terms and conditions for more details.
For example, in any calendar month during the Transaction Period, you can still earn a maximum amount of HKD 120 cash rebate even if you have earned HKD 500 cash rebate in this Offer.
 Eligible F&B Transactions are defined as transactions:
- conducted using your WeLab Debit Card (including (i) your virtual and physical WeLab Debit Card and (ii) your WeLab Debit Card which have been added in your mobile wallet) within the Transaction Period in any currency. If the F&B Eligible Transaction is made in a currency other than Hong Kong Dollars, the cash rebate will be calculated based on Hong Kong Dollars after conversion at the applicable exchange rate; and
- which fall into the food and beverage category as defined by the merchant category code/transaction type agreed between the merchants and MasterCard Asia/Pacific (Hong Kong) Limited.
Examples of merchant which may fall into the food and beverage category (including but not limited to): Restaurants, bars, restaurants’ online food ordering, online food delivery platforms, , nutrition stores.
 Our decision as to what constitutes an ineligible or Eligible F&B Transaction (as the case may be) shall be final and conclusive. Ineligible transactions, shall include but are not limited to the below: (a) payment of banking fees and charges (including but not limited to annual fee, overdrawn fee, card replacement fee, ATM cash withdrawal fee, if applicable); (b) quasi-cash transactions including: (i) betting and gambling transactions; (ii) instalment payments; (iii) balance transfers; (iv) cash, token, vouchers payment and/or foreign exchange transactions at non-financial institutions (including cash coupon purchases, purchase of foreign currency, money orders and travelers’ cheques); and/or (v) any transactions at other financial institutions (including purchase of merchandise and services from banks); (c) bank transfers (by way of Faster Payment System, SWIFT, eDDA, etc.); (d) bill payments (including but not limited to water bills, electricity bills, insurance premiums, payments to other banks and credit cards, etc.); (e) tax payments to the Inland Revenue Department; (f) purchase and/or reload of stored value cards or e-wallets; and/or (g) unposted, cancelled and/or refunded transactions, in whole or in part. We may add to, or remove from, the list of ineligible transactions from time to time at our sole discretion.
 After the end of Transaction Period, the Account Opening Rebate amount will be credited into your Core Account within 10 working days from the 1st day of the following calendar month.
 Transactions which have been cancelled or reversed in full will not be counted as Eligible F&B Transactions.
 If you have subsequently cancelled or reversed any transactions (in full or partial amount) in respect of which cash rebate amount has been credited to your Core Account, we reserve the right to debit (i) the respective cash rebate amount and (ii) any cash rebate difference directly from your Core Account without prior notice.
 The cash rebate amount will be rounded to the nearest cent.
 All cash rebate amount cannot be transferred, returned, exchanged, or converted into other forms, unless otherwise specified by us.
 You agree and acknowledge that you are not entitled to receive any cash rebate amount if you close your Core Account at any time before the cash rebate amount is credited to your Core Account in the applicable calendar month.
 Any breach of applicable laws or regulations, fraud, abuse and/or non-compliance by you (as determined at our sole discretion) will result in forfeiture of your eligibility to participate in the Offer and/or suspension or termination of all or any of your Account with us. We shall not credit the cash rebate amount or where the cash rebate amount has been credited, we reserve the right to debit the cash rebate amount from your Account (including but not limited to your Core Account) without notice and/or take such necessary legal action to recover any outstanding amounts.
 We reserve the right to suspend, modify or terminate this Offer and/or amend these terms and conditions at any time without prior notice. In the event of dispute, our decision shall be final, conclusive and binding.
 These Offer terms and conditions shall be read in connection with our Account Terms (the “Account Terms”). In the event of inconsistency between these Offer terms and conditions, the Account Terms, the prevailing order shall be as follows:
(i) these Offer terms and conditions; and
(ii) the Account Terms.
 Terms defined in our Account Terms shall have the same meanings when used herein, unless otherwise defined.
 In the event of any discrepancy between the English and Chinese versions of these terms and conditions, the English version shall prevail.
Effective date: 1 February 2022