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[1] The WeLab Bank X KMB E-Payment Bus Fare Rebate Offer (“Offer”) period is from 15 September 2021 to 28 February 2022 (both dates inclusive) (“Offer Period”).

[2] The Offer is applicable to existing customers (“you” or “your”) of Welab Bank Limited (“WeLab Bank”, “we”, “us” or “our”) who holds a valid bank account with us within the Offer Period.

[3] During the Offer Period, if you pay the bus fare for any bus route operated by the Kowloon Motor Bus Company (1933) Limited (“KMB”) with WeLab Debit Card (including your physical WeLab Debit Card and your WeLab Debit Card which have been added in your mobile wallet) through the electronic payment system of KMB (“E-Payment System”)(“Eligible Bus Transaction”), you can enjoy a 100% cash rebate per each trip, capped at HKD2.

[4] You acknowledge that KMB will only accept payment by WeLab Debit Card through the E-Payment System. If you ride on a bus without the E-Payment System, you cannot pay the bus fare by your WeLab Debit Card and therefore cannot enjoy the Offer. You may visit: https://welab.app.link/e/kmb_epayment for the full list of KMB bus routes which the E-Payment System is available.

[5] You acknowledge that if you use WeLab Debit Card to pay the KMB’s bus fare:

(i) you cannot enjoy bus fare subsidy under the Public Transport Fare Subsidy Scheme and the Government’s Public Transport Fare Concession Scheme for the Elderly and Eligible Persons with Disabilities; and

(ii) your entitlement to fee discount offered by KMB is subject to the sole discretion of KMB; and

(iii) If your Core Account does not have enough available balance to pay the bus fare in full, the E-Payment System will still accept your WeLab Debit Card payment for once but (a) the transaction will not be considered as an Eligible Bus Transaction and you will not be entitled to any cash rebate in this transaction, and (b) your WeLab Debit Card will be suspended from making any KMB bus fare payment without notice.

[6] This Offer cannot be used in conjunction with any other offers unless otherwise specified in the terms and conditions of such other offers. In all circumstances, the maximum amount of cash rebate you can earn from this Offer in each calendar month is HKD120.

[7] The equivalent cash rebate amount for each calendar month will be credited into your Core Account within 10 working days from the 1st day of the next calendar month.

[8] you agree and acknowledge that you are not entitled to receive any cash rebate 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.

[9] You cannot exchange the cash rebate under this Offer for cash, other products, services or discounts or transfer this Offer.

[10] 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 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.

[11] This Offer is organized solely by WeLab Bank.

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

(i) these terms and conditions; and

(ii) the Account Terms.

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

[14] Your eligibility to participate in this Offer is subject to our final approval at our absolute discretion.

[15] We reserve the right to suspend, modify or terminate this Offer and/or amend these terms and conditions at any time. In the event of dispute, our decision shall be final, conclusive and binding.

[16] In the event of any discrepancy between the English and Chinese versions of these terms and conditions, the English version shall prevail.

Effective date: 15 September 2021

(Updated on 1 January 2022)