[1] The WeLab Bank “You Double; We Double” Special Campaign (“Campaign”) period shall be from 6 to 31 December 2021 (both dates inclusive) (“Campaign Period”), unless otherwise specified.

[2] The Campaign applies to a Welab Bank Limited’s (“WeLab Bank”, “we”, “us” or “our”) selected customer (“you” or “your”) who holds a valid bank account with us within the Campaign Period.

[3] Only selected customers are eligible for the special campaign stated in this Terms and Conditions. Please note that selected customers refer to customers who have received direct communications for this Campaign from WeLab Bank (“selected customer”).

[4] Selected customer will be given with a specific mission target, which is the number of direct referees that they have to successfully refer within the Campaign period (“Mission Target”). Direct Referee (“Direct Referee”) refers to new WeLab Bank customer who successfully opens a WeLab Bank account using the selected customer’s unique referral code. The account opening application needs to be completed and approved before 31 December 2021 in order to be counted as a Direct Referee towards the Mission Target.

[5] The selected customer can enjoy the Campaign only if they have fulfilled the Mission Target. For those who have successfully met the Mission Target, they can enjoy 100% spending rebate on Eligible Transactions, capped at HKD 100 for each Direct Referee (“Maximum Spending Rebate”).

[6] The Campaign can be used in conjunction with the WeLab Bank R-Friend Referral Campaign. The selected customer can still enjoy the direct referral reward from these Direct Referees according to the “WeLab Bank R-Friend Referral Campaign Terms and Conditions” [JNW3] . For example, if the mission target is to refer 3 new Direct Referees onboard, selected customers who have successfully referred 3 new Direct Referees onboard within the Campaign Period will be entitled to (HKD 100 Direct Referral Reward + HKD 100 Spending Rebate) x 3, which is a total reward of HKD 600 in value.

[7] For avoidance of doubt, if selected customers have referred more direct referees than stated in their Mission Target, they will not earn any spending rebate from the additional referees.

[8] Selected customers who have successfully met the Mission Target will be notified by WeLab Bank on or before 7 January 2022. The final amount of Maximum Spending Rebate that the customer is entitled to and the spending period that is eligible for the spending rebate will be indicated in the communication.

[9] The Spending Rebate cannot be transferred, returned, exchanged or converted into other form, unless otherwise specified by WeLab Bank.

[10] Eligible transaction is 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 Campaign Period in any currency (“Eligible Transaction”).

[11] If the transaction is made in a currency other than Hong Kong Dollars, the Spending Rebate will be calculated based on Hong Kong Dollars after conversion at the applicable exchange rate. The Spending Rebate amount will be rounded to the nearest cent.

[12] If the total amount of eligible transactions conducted within the spending period has exceeded the Spending Rebate that the selected customer is entitled to, the exceeded amount will not be entitled to the Spending Rebate.

[13] The Spending Rebate will be credited into your Core Account within 10 working days in the next calendar month after the end of the spending period.

[14] Our decision as to what constitutes an ineligible or Eligible 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.

[15] Transactions which have been cancelled or reversed in full will not be counted as Eligible Transactions.

[16] 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 spending rebate amount and (ii) any spending rebate difference directly from your Core Account without prior notice.

[17] 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 spending rebate amount is credited to your Core Account.

[18] 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 Campaign 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.

[19] We reserve the right to suspend, modify or terminate this Campaign 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.

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

[21] These terms and conditions shall be read in conjunction with our Account Terms. In the event of discrepancies or inconsistencies between these terms and conditions and the Account Terms, these terms and conditions shall prevail.

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