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[1] This Offer period is from 27 January 2022 to 28 February 2022 (both dates inclusive) (the “Offer Period”).

[2] This Offer is applicable to the first 5,000 customers (“you” or “your”) of Welab Bank Limited (“WeLab Bank”, “we”, “our” or “us”) who have successfully opened a WeLab Bank account during the Offer Period and successfully participated in his/her first GoSave time deposit on or before 31 March 2022.

[3] This Offer is available on a first-come-first-served basis.

[4] You may enjoy this Offer only once and this Offer is applicable only to your first GoSave time deposit which you joined on or before 31 March 2022. Your participation in a GoSave time deposit is subject to our GoSave Time Deposit Terms and Conditions (“GoSave Terms and Conditions”).

[5] In addition to the applicable interest rate which you are entitled to under the GoSave Terms and Conditions, you will be eligible for an additional interest rate per annum on your first GoSave time deposit (“Interest Rate Boost”). The applicable additional interest rate per annum shall be in accordance with the interest rate as shown in our App (if applicable) and applies to the first GoSave time deposit duration. The maximum principal amount (“Principal Amount”) that is eligible for the Interest Rate Boost shall be in accordance with the amount shown in our App. All interest rates are subject to changes as per prevailing market conditions.

[6] The Interest Rate Boost is calculated on the Principal Amount (as at the Maturity Date) in your first GoSave time deposit but excluding the last day of the Tenor (the last day of the Tenor being the “Maturity Date”). The accrued Interest Rate Boost amount (“Cash Rebate”) is payable directly to your Core Account (not your GoSave time deposit) within 6 to 8 weeks from the Maturity Date, unless otherwise specified by us.

[7] The Cash Rebate cannot be transferred, returned, exchanged or converted into other form, unless otherwise specified by us.

[8] Your eligibility to participate in this Offer is subject to our final approval at our absolute discretion and our decision shall be conclusive and binding on you.

[9] You agree and acknowledge that you are not entitled to receive any Cash Rebate on the Principal Amount if you:

(a) close your Core Account and/or your GoSave time deposit account at any time before the Maturity Date;

(b) fail to maintain the minimum amount as referred to in the GoSave Terms and Conditions;

(c) withdraw the Principal Amount in full at any time before the Maturity Date; and/or

(d) the accrued Interest Rate Boost amount is below HKD0.01.

[10] If you have joined our Interest Rate Boost Offer, you won't be entitled to any account opening rebate using referral codes starting with "FO" (for example, FOODIE) and "SAFE50". For more details, please refer to the terms and conditions of the related promotion.

[11] 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 this Offer and/or suspension or termination of all or any of your Account(s) (including your GoSave time deposit account and Core Account) with us. We shall not credit the interest or where the interest has been credited, we reserve the right to debit the interest from your Account(s) (including but not limited to your Core Account) without notice and/or take such necessary legal action to recover any outstanding amounts.

[12] These Offer terms and conditions shall be read in connection with our Account Terms (the “Account Terms”) and the GoSave Terms and Conditions. In the event of inconsistency between these Offer terms and conditions, the Account Terms and the GoSave Terms and Conditions, the prevailing order shall be as follows:

(a) these Offer terms and conditions; and

(b) the GoSave Terms and Conditions; and

(c) the Account Terms.

[13] Terms defined in our Account Terms and/or the GoSave Terms and Conditions shall have the same meanings when used herein, unless otherwise defined.

[14] We reserve the right to suspend, modify or terminate this Offer and/or amend these Offer terms and conditions at any time without prior notice. In the event of dispute, our decision shall be final, conclusive and binding.

[15] In the event of inconsistency between the English and Chinese versions of these Offer terms and conditions, the English version shall prevail.

Effective date: 27 January 2022