Fund transfer terms and conditions

1. The promotional sign-up period is until 29 February 2012, and all fund transfer applications under this promotion must be received by HSBC by 29 February 2012.
2. All US dollar cards, corporate cards and co-brand/affinity cards are not eligible for this promotion.
3. Only primary credit cardholders are eligible to enrol in the fund transfer programme.
4. The preferential interest rate of 1.88% per annum for six months or 5.88% per annum for 12 months is only applicable to the fund transfer amount and the processing fee charged (if any). The preferential interest rate does not apply to existing outstanding balances and bank charges such as finance charges, late fees and annual card membership fees, or amounts subsequently incurred on your HSBC credit card.
5. The preferential interest rate is valid from the date of the fund transfer as determined by HSBC. Thereafter, HSBC’s prevailing interest rate of 24% per annum will apply (subject to change by HSBC at any time and from time to time).
6. The preferential interest rate of 1.88% per annum for six months or 5.88% per annum for 12 months shall at any time revert to HSBC’s prevailing interest rate if your account is overdue.
7. Payments made to your HSBC credit card account are applied in the following order of priority, namely, interest charges, late charges, annual card membership fees, fund transfer amount (if there are multiple fund transfers, payment will be made to the one with the lowest interest rate first), cash advances and any other outstanding balances on your card.
8. The upfront processing fee of S$50 (or such other processing fee which may be imposed by HSBC from time to time at its sole discretion) applies and will be charged to your credit card once the fund transfer is approved. 
9. The minimum fund transfer amount is S$1,000 and the maximum is 95% of the amount as determined by your approved credit limit minus any outstanding balance at the point of processing your application.
10. HSBC will not accept the fund transfer if your account is not maintained in good standing or not conducted in a proper or satisfactory manner as determined by HSBC at its sole discretion and/or the card account stated in the enrolment form is already enrolled in any other interest rate promotion.
11. HSBC will not accept a fund transfer to another HSBC credit card or HSBC’s personal line of credit account. The fund transfer must be made to an account held in the name of the primary credit cardholder and the selected credit card or bank account from other credit card issuers or banks in Singapore must be denominated and transacted in Singapore dollars.
12. The approved amount to be transferred will be determined by HSBC at its sole discretion and HSBC reserves the right to decline any fund transfer application without assigning any reason. HSBC will not be liable for any charges, overdue payments or interest charges incurred due to the rejection of or delay in processing the application. Upon approval, your approved permanent credit limit on your HSBC credit card will be reduced by the approved fund transfer amount.
13. No cancellation or change of transfer amount will be allowed after submission of application.
14. You must continue to pay your other credit card issuers or banks for your outstanding balances with them until you receive a statement from them confirming that your account with them has been credited with funds remitted by HSBC. HSBC will not be liable for any charges, overdue payments or interest charges incurred due to non-payment by you.
15. HSBC’s decision in all matters relating to the fund transfer shall be at HSBC’s absolute discretion and shall be final and binding on you.
16. HSBC reserves the right to amend the terms and conditions, and to suspend or terminate the promotion without prior notice at any time.
17. HSBC Rewards points will not be awarded for the approved fund transfer amount and any finance charges incurred.
18. The terms and conditions contained herein are in addition to the HSBC Cardholder Agreement, which shall continue to apply.