WeLab Bank X Tesla Mega Combo Offer Terms and Conditions
 WeLab Bank X Tesla Mega Combo Offer (“Promotion”) runs from 1 January until 31 March 2023 (both dates inclusive) (“Promotion Period”).
Tesla 20% Cash Rebate Offer (“Cash Rebate Promotion”)
 This Cash Rebate Promotion is only applicable to:
(a) Specific WeLab Bank New Customers: New customers (“New Customers”) who have successfully opened a bank account at Welab Bank Limited (“WeLab Bank”, “we”, “us” or “our”) using referral codes starting with “TE” (for example: TESLA5) (“Referral Code”) within the Promotion 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 Promotion Period; OR
(b) All WeLab Bank Existing Customers who meet following conditions (“Existing Customers”):
(i) Own a valid WeLab Bank account in the Promotion Period; and
(ii) have successfully applied for WeLab Bank Personal Instalment Loan in accordance with Clauses  to  below; and used the relevant promotion code, with prefix ‘TE’ or 'TR', under ‘Promotion Code’ for the loan application <applicable for existing WeLab Bank customer>. (“Promotion Code”)
 New Customers may use both Referral Code and Promotion Code in their Account Opening and Loan application. However, New Customers will only be able to enjoy the Cash Rebate Promotion once under either the Referral Code / Promotion Code. This Cash Rebate Promotion cannot be used in conjunction with other referral programmes which means if you have input any other referral codes NOT starting with “TE” or 'TR' when you apply for your WeLab Bank account, then you are not entitled to this Cash Rebate Promotion unless you apply for a WeLab Bank Personal Instalment Loan under this Promotion.
 The Cash Rebate Promotion is only applicable to Eligible Transactions (please refer to clause 6 for the definition) conducted from the date of successful account opening or the date of successful loan drawdown until the end of the following 5th 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 January 2023, the Transaction Period starts from 20 January 2023 until 30 June 2023 (both dates inclusive). Transaction time will be based on Hong Kong Time (HKT).
 During the Transaction Period, your Eligible Transactions will be entitled to a 20% cash rebate. In all circumstances, the total amount of cash rebate you can earn from this Cash Rebate Promotion in each calendar month is capped at HKD 100 (“Tesla Promotion Rebate”). This Cash Rebate Promotion cannot be used in conjunction of any other promotions otherwise specified by us.
 Using your WeLab Debit Card (including (i) your virtual and physical WeLab Debit Card and (ii) your WeLab Debit Card which has been added in your mobile wallet) to conduct below transactions will be defined as Eligible Transactions:
(a) Purchase services from any Tesla Supercharger in Hong Kong; OR
(b) Purchases on Tesla Online Shop; OR
(c) Subscription to Tesla’s Premium Connectivity
 After the end of Transaction Period, the equivalent Tesla Promotion Rebate amount will be credited into your Core Account within 10 working days from the 1st day of the following calendar month.
 You have to keep the original sales receipt or official payment record of your Eligible Transactions. In case of dispute, we may at any time ask you to submit the receipt, record, and/or further evidence for inspection and we may keep them.
 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.
Tesla Exclusive WeLab Bank Personal Instalment Loan Offer (“Loan Promotion”)
 The Loan Promotion of 4.90% APR is only applicable to new or existing customers (“You” or “Your”):
(a) who have completed the purchase order of any Tesla model vehicle from Tesla Motors HK Limited (“Tesla”) at any time, whether the purchase date is within the Promotional Period or not, and provided relevant proof of purchase; and
(b) successfully applied for WeLab Bank Personal Instalment Loan with either tenor of 36, 48 or 60 months in accordance with the WeLab Bank Personal Instalment Loan Terms and Conditions within the Promotion Period using:
(i) the relevant promotion code, with prefix ‘TE’ or 'TR' , under ‘Promotion Code’ for the loan application <applicable for existing WeLab Bank customer>; or
(ii) the relevant promotion code, with prefix ‘TE’ or 'TR', under ‘Referral Code’ for account opening <applicable for new WeLab Bank customer>
and drawn down the loan within 7 days after approval.
 The final approved APR will be subject to our approval.
 The Loan Promotion cannot be transferred, returned, exchanged, or converted into other forms, unless otherwise specified by us.
 The Loan Promotion cannot be used in conjunction with the below loan promotion offers:
(a) Loan-Deposit-Link Offer
(b) Personal Loan Cash Rebate Offer
Special Interest Rate to the Core Account Offer (“Core Account Promotion”)
 If you have met the requirements in Clause  above, you will be entitled to receive a monthly cash rebate for your Core Account deposit balance held with us (“Deposit Cash Rebate”) starting from the month in which you have drawn down the Loan and the subsequent 11 calendar months.
For the first monthly cash rebate, only the Core Account deposit balance from the drawdown date to month end will be counted.
 Eligible deposits refers to the funds placed in the customer’s Core Account and the maximum amount is HKD300,000 (“Eligible Deposit”).
 For the avoidance of doubt, the interest of your Core Account will still be calculated,
(i) based on the total daily Eligible Deposit balance of your Core Account and our prevailing interest rate* for the Core Account as at the interest calculation day; and
(ii) accrue daily on a simple and 365-day basis (a 366-day basis in the case of a leap year).
For the avoidance of doubt, the total interest rate of 1.5%[SW1] will include your Core Account deposit interest rate.
*Our current prevailing interest rate for HKD for your Core Account is 0.01%. It is for reference only and is subject to change from time to time and at the Bank’s sole and absolute discretion. The latest prevailing interest rate for your Core Account can be obtained from our website or WeLab Bank App.
 The Deposit Cash Rebate from your Special Interest Rate will be credited into your Core Account within 14 working days from the final day of each month. The latest prevailing interest amount will be credited to your Core Account on the first day of each month.
 Core Account’s deposit is a deposit qualified for protection under the Deposit Protection Scheme in Hong Kong.
Tesla Exclusive GoWealth Tesla Seed Money Offer (“Tesla GoWealth Offer” or “Offer”)
 This Tesla GoWealth Offer is only applicable to new customers (“you” or “your”) of WeLab Bank who meet following conditions during the Promotion Period:
(i) successfully opened an account at WeLab Bank using referral codes starting with “TE”; and
(ii) successfully opened an Investment Account at WeLab Bank and carried out Eligible Transaction(s) with Accumulated New Investment Amount of not less than HKD1,000 (please refer to Clause  for the definition of “Eligible Transaction” and “Accumulated New Investment Amount”).
To be a new customer means you have not terminated and/or closed neither your WeLab Bank Core Account nor Investment Account in the twelve (12) months prior to the commencement of the Promotion Period.
 You may only use one (1) referral code when opening a WeLab Bank Core Account, and you will only be entitled to the offer/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 code when you apply for your WeLab Bank Core Account, then you are not entitled to this Offer.
 “Eligible Transaction” shall mean subscription for mutual fund(s) via Wealth Management Services in the WeLab Bank App, covering one-time investment and monthly investment and “Accumulated New Investment Amount” shall be equal to the accumulated investment amount of all Eligible Transactions during the Promotional Period. Transaction time will be based on Hong Kong Time (HKT).
 Customer fulfilling all the conditions set out in Clause 19 above is entitled to a cash rebate in the sum of HKD 300 (“Seed Money”).
 You can only enjoy the Seed Money once during the Promotion Period.
 If any Eligible Transaction is withdrawn, cancelled or declined in respect of which the Seed Money amount is to be/has been credited to your WeLab Bank Core Account, we reserve the right to debit the respective Seed Money amount directly from your WeLab Bank Core Account without prior notice.
 The dates and amounts appearing in our record will be conclusive as to (i) the date on which the Core Account and/or Investment Account was opened, terminated or converted and (ii) the date on which the Subscription is carried out.
 Seed Money will be credited to your WeLab Bank Core Account within 30 days after the Promotion Period ends unless otherwise specified. Your WeLab Bank Core Account and Investment Account status must remain valid and normal at the time when the Seed Money is rewarded or delivered to you. Otherwise, the reward will be forfeited absolutely.
 This Offer is not applicable to the staff members of Welab Bank Limited, Welend Limited and Welab Holdings Limited.
This Offer cannot be used in conjunction with other special promotions, discounts or promotional offers related to GoWealth Digital Advisory Services unless otherwise specified.
 There are limited quotas for this Promotion and it is rewarded on a first come first served basis. Our records on the available Promotion quotas are final and conclusive.
 You agree and acknowledge that you are not entitled to receive the corresponding cash rebate if you:
Tesla Promotion Rebate
(a) close your Core Account at any time before we award the cash rebate;
(b) the cash rebate amount is HKD 0.01 and below;
(c) failed to complete the purchase; and/or
(d) reverse your Eligible Transaction (including but not limited to a refund of the products or cancellation of purchase).
Deposit Cash Rebate
(a) close your Core Account at any time before we release the cash rebate; and/or
(b) early repay your Tesla Exclusive Loan at any time before the Cash Rebate is credited to your Core Account.
 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.
 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 Promotion 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.
 These Promotion terms and conditions shall be read in connection with our Account Terms (the “Account Terms”) , WeLab Bank Personal Instalment Loan Terms and Conditions and Wealth Management Services Terms. Terms defined in our Account Terms, WeLab Bank Personal Instalment Loan Terms and Conditions or Wealth Management Services Terms shall have the same meanings when used herein, unless otherwise defined. In the event of inconsistency between these Promotion terms and conditions, the Account Terms, the WeLab BankPersonal Instalment Loan Terms and Conditions and the Wealth Management Services Terms, these Promotion terms and conditions shall prevail.
 Your eligibility to participate in this Promotion is subject to our final approval at our absolute discretion.
 We and Tesla reserve the right to suspend, modify or terminate this Promotion and/or amend these terms and conditions at any time without prior notice. In the event of dispute, the decision of Welab Bank Limited and Tesla shall be final, conclusive and binding.
 There are no fees and charges for any Eligible Transaction made by using WeLab Debit Card at any Supercharger of Tesla, unless otherwise notified by us. However, we reserve the right to levy other fees and charges as shown in our General Service Charges (if applicable).
 All products and/or services are directly sold and supplied to you by Tesla. Tesla shall be solely responsible for all related obligations and liabilities. We shall not be liable and shall have no responsibility in relation to the accuracy, content, availability, and/or omission of the product and/or service information found in any Supercharger of Tesla.
 Products and/or services provided directly by Tesla may be subject to their terms and conditions. If you have any complaints or disputes in relation to their products and/or services, you shall directly contact your Tesla delivery advisor.
 In the event of any discrepancy between the English and Chinese versions of these terms and conditions, the English version shall prevail.
To borrow or not to borrow? Borrow only if you can repay!
Effective date: 1 January 2023
This webpage/document does not constitute any offer, solicitation, recommendation, comment or any guarantee to the purchase or sale of any investment products or services.
Investment involves risk. The price of an investment fund unit may go up as well as down and the investment funds may become valueless. Part of your investment may not be able to liquidate immediately under certain market situation. Please refer to our Wealth Management Services Terms (including relevant risk disclosures) and relevant fund offering documents for more details of our services as well as the nature and risks of the relevant products.
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