The Notification for the Revisions of HSBC General Agreement and Premier General Agreement - HSBC

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Date: 29 November 2011The Notification for the Revisions of HSBC General Agreement and Premier General Agreement

HSBC will revise the certain part of HSBC General Agreement. This change will be effective from 30 January 2012. The original one is still applicable before the effective date.
According to HSBC General Agreement and Clause, the Bank may, via a written notice, posted at visible area of the Bank’s branches or announced on the Bank’s Internet main page, amend the terms and conditions as below. If the Customer disagrees with such amendments, he/she/it may notify the bank in written form within the 60-day notification period to terminate the previous terms and conditions as well as transactions and services with the Bank. The Customer needs to be cooperative with the Bank in account closing procedure. If the Customer fails to notify of termination within the 60-day notification period and continues to conduct transactions with or using services of the Bank, the Customer shall be deemed to agree with the amendments. Due to the revised clauses numbers and contents are the same for HSBC General Agreement and Premier General Agreement, only the revised contents are shown as below comparison table.
This amendment is announced via the disclosure of HSBC website, should you have any query, please do not hesitate to contact us via our branch networks or our 24-hour Call Center at (02)8072-3000.

Below please find the comparison table for your notification.

Original Terms and Conditions	Revised Terms and Conditions
II. Terms and Conditions for Deposits (XII) Minimum Average Balance for Accounts and Account Administration Charge: (6) Advance Account 1. A Minimum of TWD 500,000 (or equivalent) average monthly balance is required. 2. If the Customer fails to meet the Bank’s requirement for minimum average balance, the Bank shall have the right to cancel all related benefits at any time and to collect the account administration charge of TWD 350 per month, prescribed by the Bank.	II. Terms and Conditions for Deposits (XII) Minimum Average Balance for Accounts and Account Administration Charge: (6) Advance Account 1. A Minimum of TWD 500,000 (or equivalent) average monthly balance is required. 2. If the Customer fails to meet the Bank’s requirement for minimum average balance, the Bank shall have the right to cancel all related benefits at any time and to collect the account administration charge of TWD 350 per month, prescribed by the Bank. 3. If the Bank’s requirement for minimum average balance is not maintained for 6 consecutive months, the Bank shall have the right to convert the account type at any time and customer will then be subject to new account’s T&C.

Original Terms and Conditions

Revised Terms and Conditions

II. Terms and Conditions for Deposits
(XII) Minimum Average Balance for Accounts and Account Administration Charge:
(6) Advance Account
1. A Minimum of TWD 500,000 (or equivalent) average monthly balance is required.
2. If the Customer fails to meet the Bank’s requirement for minimum average balance, the Bank shall have the right to cancel all related benefits at any time and to collect the account administration charge of TWD 350 per month, prescribed by the Bank.
3. If the Bank’s requirement for minimum average balance is not maintained for 6 consecutive months, the Bank shall have the right to convert the account type at any time and customer will then be subject to new account’s T&C.