Mox Bonus Promotion (October – November 2022) (the “Promotion”) Terms and Conditions

1.
These terms apply to the Mox Bonus 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, General Terms and Conditions and any other terms we may provide to you. These terms apply in addition to any such other terms, and your use of any of our products and services remain subject to such other terms.
3.
If there is any inconsistency between these terms and any of our other terms, these terms will prevail.
4.
You can participate in the Promotion from 1 October 2022 until 30 November 2022 (both dates inclusive) (“Promotion Period”), The Promotion Period is split into the following two “Challenge Periods”:
a. the first period which begins on 1 October 2022 ends on 31 October 2022 (both dates inclusive); and
b. the second period which begins on 1 November 2022 ends on 30 November 2022 (both dates inclusive).
We may change the dates of the Promotion Period or a Challenge Period, and/or add subsequent Challenge Period(s), at any time in our absolute discretion.
5.
To participate in the Promotion, you must, during a Challenge Period, complete:
a. the “Spending Challenge” and the “Saving Challenge” (defined in clauses 6 and 7 of these terms); and/or
b. the “Bill Payment Challenge” (as defined in clause 8 of these terms).
6.
To complete the “Spending Challenge” during a Challenge Period, you must successfully make “Eligible Card Transaction(s)” (as described 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 HKD4,000 during that Challenge Period.
Eligible Card Transaction(s)” are transactions for the purchase of goods or services as determined by Mox, in its absolute discretion, to be eligible to contribute towards the Spending Challenge, based on transaction records held by Mox (which are final and conclusive in case of any discrepancy). Without limiting the above:
(a) transaction(s) that show as ‘pending’ in the Mox app (i.e. they have been authorised but not settled by the merchant) will not be counted towards the Spending Challenge – only those that show as ‘completed’ in the Mox app during the relevant Challenge Period will be counted; and
(b) some examples of transactions that are not Eligible Card Transaction(s) for the purposes of the Spending Challenge are the same as those not eligible for CashBack (see clause 7.5(b) in Schedule 1 (Terms and conditions for accounts and card management) to the General Terms and Conditions.
7.
To have completed the “Saving Challenge” during a Challenge Period, you must maintain at least HKD10,000 of New Funds with Mox (across your Mox Account and any Goal accounts).
New Funds” means, in respect of a calendar day, any HKD Deposit Balance held by you on that calendar day that is in excess of your Monthly Average Balance for the previous calendar month.
Monthly Average Balance” means, in respect of a calendar month, the average of your HKD Deposit Balance across all calendar days in that calendar month.
HKD Deposit Balance” means, in respect of a calendar day, the Hong Kong dollar denominated deposits held in your accounts with Mox (including your Mox Account and any Goal accounts) as of 11:59:59pm (Hong Kong time) on that calendar day.
8.
To complete the “Bill Payment Challenge” during a Challenge Period, you must have successfully made at least two “Eligible Bill Payment Transaction(s)” (as defined below) of at least HKD100 each during the past 35 days.

Eligible Bill Payment Transaction(s)” are transactions for the payment of bills, as determined by Mox, in its absolute discretion, to be eligible to contribute towards the Bill Payment Challenge, made from your Mox Account, Goal account(s) or with Mox Credit using the “Pay bills” feature in the Mox app, based on transaction records held by Mox (which are final and conclusive in case of any discrepancy). Without limiting the above:​
a. transaction(s) that show as ‘pending’ in the Mox app will not be counted towards the Bill Payment Challenge – only those that show as ‘sent’ or ‘completed’ in the Mox app during the relevant Challenge Period will be counted; and

b. any transaction completed using the “HKT Autopay Switch” feature in the Mox app is not an Eligible Bill Payment Transaction for the purposes of the Bill Payment Challenge.
9.
Mox will determine whether you have successfully completed the Spending Challenge, the Saving Challenge and/or the Bill Payment 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 a Bonus Rate (defined below) if you complete the Spending Challenge, the Saving Challenge and/or the Bill Payment Challenge on the last day of a Challenge Period).
10.
Once we have determined that you have completed both the Spending Challenge and the Saving Challenge for a Challenge Period in accordance with these terms (the “Completion Day of Spending and Saving Challenges”), you will receive an additional 1.5% p.a. Hong Kong dollar daily savings rate (“Bonus Rate for Spending and Saving Challenges”) that will be applied on up to HKD500,000 of your total Hong Kong dollar denominated deposits held with us.
11.
Once we have determined that you have completed the Bill Payment Challenge in accordance with these terms (the “Completion Day of Bill Payment Challenge”), you will receive an additional 0.5% p.a. Hong Kong dollar daily savings rate (“Bonus Rate for Bill Payment Challenge”) that will be applied on up to HKD500,000 of your total Hong Kong dollar denominated deposits held with us.
12.
You can receive the Bonus Rate for Spending and Saving Challenges and the Bonus Rate for Bill Payment Challenge (each a “Bonus Rate”) on top of the interest rate you would ordinarily receive without participating in the Promotion (“Base Rate”).
13.
Interest at a Bonus Rate will be calculated on a 365-day year basis, based on your eligible Hong Kong Dollar denominated deposit balance held with us as at 23:59:59 Hong Kong time on the day after the Completion Day of Spending and Saving Challenges or the Completion Date of Bill Payment Challenge (as applicable) (each a “Completion Day”).
14.
Interest earned at a Bonus Rate for a particular day will be credited by us to your account(s) with Mox two days after the relevant Completion Day, and will continue to be so credited until one day after the last day of the relevant Challenge Period. Interest earned at a Bonus Rate will be credited by us to your account(s) with Mox together with the interest earned at the Base Rate.
15.
Once we determine you have completed the Spending Challenge during a Challenge Period, it will be complete for the remainder of that Challenge Period. However, once we have determined that you have completed either the Saving Challenge or the Bill Payment Challenge during a Challenge Period, you are required to continue to complete the Saving Challenge or the Bill Payment Challenge for the remainder of that Challenge Period in order to be eligible to earn interest at the relevant Bonus Rate for the remainder of that Challenge Period.
16.
To clarify, a Completion Day cannot fall on the last day of a Challenge Period and the last day we will credit any interest at a Bonus Rate to your account(s) with Mox after a Completion Day during a Challenge Period is one day after the last day of that Challenge Period.
17.
You must not do any of the following things before we credit interest at a Bonus Rate to your account(s) with Mox:
a. terminate your relationship with us;
b. cause any account you have with us to be in arrears, suspension or default; or
c. any other act as we may specify from time to time.
18.
We reserve the right, at any time, without notice or reason and in our sole discretion, to:
a. change, modify, suspend or terminate the Promotion or these terms (including a Bonus Rate);
b. refuse to offer or pay you interest at a Bonus Rate for any reason we deem relevant; and
c. make any decision in connection with the Promotion (including to refuse or suspend your participation in the Promotion or determine whether the Promotion can or cannot be combined with any other offer or promotion).
Any such decision shall be conclusive and binding on you.
19.
If any dispute arises in connection with the Promotion, Mox’s decision is final.
20.
You can only participate in the Promotion once.
21.
Neither your participation in the Promotion nor your eligibility to earn interest at a Bonus Rate may be transferred or assigned to any other person or exchanged or converted into any other benefit or right.
22.
To the extent permitted by laws and regulations:
a. Mox, its affiliates and shareholders shall not be responsible for any loss suffered by you; and
b. you shall release Mox, its affiliates and shareholders from all actions, proceedings and claims which may be brought by or against Mox, its affiliates or shareholders,
arising from or in connection with your participation in the Promotion (including any decision not to offer or pay you interest at a Bonus Rate) or these terms, unless any such loss, action, proceeding or claim is due to Mox’s, its affiliates’ or shareholders’ negligence, fraud or wilful default and only to the extent such loss, action, proceeding or claim is reasonably foreseeable and has arisen directly and solely from such negligence, fraud or wilful default.
This clause 22 continues after the termination of these terms or the expiry of the Promotion Period.
23.
The Promotion does not constitute any offer, invitation or recommendation to any person to enter into any transaction.
24.
A person who is not a party to these terms has no rights to enforce or enjoy the benefit of any of their provisions under the Contracts (Rights of Third Parties) Ordinance (Cap. 623) other than as set out in these terms.
25.
These terms are governed in all respects by and construed in accordance with the laws of the Hong Kong Special Administrative Region of the People’s Republic of China. The parties submit to the exclusive jurisdiction of the courts of the Hong Kong Special Administrative Region of the People’s Republic of China.
26.
The English version prevails if there is any inconsistency between the English and Chinese versions of these terms.
27.
To borrow or not to borrow? Borrow only if you can repay!

Last updated: 30 September 2022.