Mox Bonus Promotion Terms and Conditions (December 2021 to January 2022)​

1.

These terms apply to the Promotion offered by Mox Bank Limited (“Mox”, “we”, “us”). By participating in the Promotion, you agree to these terms.

2.

You must read these terms along with Mox’s Personal Information Collection Statement, Privacy Policy Statement, General Terms and Conditions and any other terms we may provide to you. These terms apply in addition to any such other terms, and the use of your Mox Card and account(s) will remain subject to our other terms.

3.

If there is any inconsistency between these Mox Bonus Promotion terms and any of our other terms, these Mox Bonus Promotion terms will prevail.

4.

The Mox Bonus Promotion runs from 1 December 2021 until 31 January 2022 (both dates inclusive) (“Promotion Period”). We may change the Promotion Period at any time in our absolute discretion.

5.

To be eligible to participate in the Mox Bonus Promotion, you must successfully complete both the “Spending Challenge” and the “Payroll Challenge” (each as defined below) in accordance with these terms during a “Challenge Period”. The first Challenge Period will run from 1 December 2021 until 31 December 2021 (both dates inclusive). The second Challenge Period will run from 1 January 2022 until 31 January 2022 (both dates inclusive). We may change the dates for a Challenge Period, or add subsequent Challenge Period(s), at any time in our absolute discretion.

6.

To complete the “Spending Challenge”, you must successfully make “Eligible Card Transaction(s)” (as defined below) with your Mox Card (digital or physical, spending from your Mox Account or with Mox Credit) with a total cumulative settled amount of at least HKD6,000 during a Challenge Period. For the avoidance of doubt, Eligible Card Transaction(s) that show as ‘pending’ in the Mox app (i.e. they have been authorized but not settled) will not be counted towards the HKD6,000 spending requirement – only those that show as ‘completed’ in the Mox app will be counted.

“Eligible Card Transaction(s)” are ultimately determined by us in our absolute discretion based on transaction records held by us (which are final and conclusive in case of any discrepancy). Examples of Mox Card transactions that are not considered as Eligible Card Transaction(s) are the same as those not eligible for CashBack – see clause 6.5(b) in Schedule 1 to the General Terms and Conditions (Terms and conditions for accounts and card management).

7.

To have completed the “Payroll Challenge” on a day during a Challenge Period, at least one Eligible Payroll Transaction (as defined below) of at least HKD10,000 and which is dated during the past 35 days must appear in your Mox Account. This means that you will no longer have completed the Payroll Challenge on a day during a Challenge Period if the Eligible Payroll Transaction of at least HKD10,000 has taken place more than 35 days prior to that day. The Eligible Payroll Transaction does not necessarily need to have taken place during a Challenge Period for you to have completed the Payroll Challenge on a day during that Challenge Period, but no transactions earlier than 28 October 2021 will be counted.
“Eligible Payroll Transaction” refers to a transaction where your employer credits your salary into your Mox Account (either via FPS (Faster Payment System) or via ECG (Electronic Clearing)) with purpose type as salary payment. Eligible Payroll Transactions will be shown under the category “Salary” in the Mox app. Neither standing instructions nor other local electronic transfers will be considered “Eligible Payroll Transactions”.

8.

We will determine whether you have successfully completed the Spending Challenge and/or the Payroll Challenge during a Challenge Period as of 23:59:59 Hong Kong time on each day of that Challenge Period (other than the last day of that Challenge Period – i.e. you will not be eligible to earn interest at the Bonus Rate (defined below) if the first time you complete the Spending Challenge and the Payroll Challenge is on the last day of a Challenge Period or subsequently).

9.

Once we have determined that you have completed both the Spending Challenge and the Payroll Challenge per clause 8 above (the “Completion Day”), you will be eligible to earn interest at the “Bonus Rate” (on top of the interest you will earn at the “Base Rate”). The “Bonus Rate” is equal to a 0.5% p.a. Hong Kong Dollar savings rate applied on up to HKD500,000 of your total deposit balance held with us. The “Base Rate” is the Hong Kong Dollar savings rate that you will earn without completing the Spending Challenge or Payroll Challenge applied on up to HKD500,000 of your total deposit balance held with us, which can be found on our website or on the Mox app.