Spring Seasonal Offer 2021 Terms & Conditions
General Terms & Conditions
 The WeLab Debit Card Spring Seasonal Offer 2021 (“Offer”) period shall be from 1 February 2021 to 31 July 2021 (both dates inclusive) (“Offer Period”), unless otherwise specified.
 The Offer applies to a Welab Bank Limited’s (“WeLab Bank”, “we”, “us” or “our”) customer (“you” or “your”) who holds a valid bank account with us within the Offer Period. Your WeLab Debit Card will be automatically enrolled to the Offer.
 During the Offer Period, your Eligible Transactions will be entitled to either the base rebate (“Base Rebate”) or the special rebate (“Special Rebate”) subject to its equivalent terms and conditions defined in the section below.
 Eligible transaction is defined as transactions conducted using your WeLab Debit Card (virtual and/or physical WeLab Debit Card and/or mobile wallet such as Apple Pay) within the Offer Period in any currency (“Eligible Transaction”). If the 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.
 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.
 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.
 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 the respective cash rebate amount 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.
 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.
Terms & Conditions for the Base Rebate
 Eligible Transactions made on Mondays, Tuesdays, Wednesdays or Thursdays within the Offer Period will be entitled to a cash rebate of 1% (“Base Rebate”). Transaction time will be based on Hong Kong Time (HKT).
 Eligible Transactions made on Fridays, Saturdays or Sundays within the Offer Period that are not entitled to the Special Rebate will be entitled to the Base Rebate. Transaction time will be based on Hong Kong Time (HKT).
 Each customer can earn up to HKD 250 Base Rebate in each calendar month, which is HKD 1,500 over the Offer Period. This is equivalent to eligible spending of HKD 25,000 per month and HKD 150,000 over the Offer Period.
Terms & Conditions for the Special Rebate
 Eligible Transactions made on Fridays, Saturdays or Sundays within the Offer Period will be entitled to a cash rebate of 5% (“Special Rebate”) if it falls into the below spending categories (“Special Categories”). Transaction time will be based on Hong Kong Time (HKT).
 Special Categories eligible for the Special Rebate is any spending in Transport, Food & Beverage and Groceries. Whether a merchant transaction falls into the Special Category may depend on the merchant category code/transaction type as defined between merchant and MasterCard Asia/Pacific (Hong Kong) Limited.
Special Category (examples including but not limited to):
Transport : Ride booking applications
Food & Beverage : Restaurants, bars, restaurants’ online food ordering, online food delivery platforms, hotel restaurants & bars, nutrition stores
Groceries : Supermarkets, convenience stores
 Each customer can earn up to HKD 250 Special Rebate in each calendar month, which is HKD 1,500 over the Offer Period. This is equivalent to eligible spending of HKD 5,000 per month and HKD 30,000 over the Offer Period.
 If the transaction(s) conducted under the Special Categories has exceeded HKD 250 Special Rebate cap, the exceeded amount can still enjoy the Base Rebate offer subject to its terms and conditions. For example, out of an HKD 6,000 dining transaction, HKD 5,000 will be eligible for the 5% Special Rebate, equivalent to HKD 250, and the remaining HKD 1,000 will be eligible for the 1% Base Rebate, equivalent to HKD 10. Total rebate earned will be HKD 260 for this transaction.
Effective date: 30 June 2021