WeLab Bank x Apple Pay Selected Customer Offer: 5% Cash Rebate Terms and Conditions

  1. The WeLab Bank x Apple Pay Selected Customer Offer: 5% Cash Rebate (“Offer”) period shall be from 18 March 2022 to 31 March 2022 (both dates inclusive) (“Offer Period”).
  2. The Offer 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 Offer Period. Selected Customers refer to customers who have received direct communications via email for this Offer from WeLab Bank. Your WeLab Debit Card will be automatically enrolled to the Offer.
  3. Only Selected Customers are eligible for this Offer.
  4. During the Offer Period, your Eligible Apple Pay Transactions (as defined in Clauses 4 and 5 below) will be entitled to a 5% cash rebate. In all circumstances, the total amount of cash rebate you can earn from this Offer is capped at HKD 50. The rebate cap of this Offer will not be shared with any other promotional offer of us.
  5. Eligible Apple Pay Transactions are defined as transactions conducted using your WeLab Debit Card through Apple Pay within the Offer Period in any currency. If the Eligible Apple Pay 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.
  6. Our decision as to what constitutes an ineligible or Eligible Apple Pay Transaction (as the case may be) shall be final and conclusive. Ineligible Apply Pay 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 Apple Pay transactions from time to time at our sole discretion.
  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. Transactions which have been cancelled or reversed in full will not be counted as Eligible Apple Pay Transactions.
  9. 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.
  10. The cash rebate amount will be rounded to the nearest cent.
  11. All cash rebate amount cannot be transferred, returned, exchanged, or converted into other forms, unless otherwise specified by us.
  12. 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.
  13. 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.
  14. 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.
  15. These Offer terms and conditions shall be read in connection with our Account Terms (the “Account Terms”). In the event of inconsistency between these Offer terms and conditions, the Account Terms, the prevailing order shall be as follows:
      1. these Offer terms and conditions; and
      2. the Account Terms.
  16. Terms defined in our Account Terms shall have the same meanings when used herein, unless otherwise defined.
  17. In the event of any discrepancy between the English and Chinese versions of these terms and conditions, the English version shall prevail.

Effective date: 18 March 2022