ICBC Sync Account (“Sync Account”) is a deposit account to earn additional bonus interest on your SGD deposit. You may in addition to the Bank’s prevailing interest, earn bonus interest on the average daily balance for your SGD denominated balances in the Sync Account (up to an average daily balance Cap of SGD 80,000) for a calendar month (“Bonus Interest”).

Sync account is one kind of our current account, and similar to ordinary current account in the following aspects. Sync account is a multicurrency account, which facilitates you in currencies as SGD, RMB, USD, EUR, GBP, JPY, HKD, and AUD. Sync account also comes with ICBC UnionPay dual currency debit card, VISA dual currency debit card and e- banking service (online banking and ICBC mobile banking App), which are convenient to use.

Sync account is different with ordinary current account in the following aspects. Sync account is a single account and your SGD deposit in Sync account will be calculated with “prevailing interest + bonus interest (if applicable)”. Deposit in other currencies other than SGD under Sync account will be calculated with prevailing interest rate, which is the same as ordinary current account.

Interest calculation rules for SGD deposit in Sync account are as follows.

• The prevailing interest rate for SGD current is 0.10%. The bonus interest criteria and bonus interest rate is: if you have successfully charged a minimum sum of SGD 200 in a calendar month on qualifying retail transactions to an ICBC Debit Card (“Debit Card Spending”) linked to the Sync Account, your average daily balance for your SGD denominated balances in the Sync Account are qualified to enjoy bonus interest rate of 0.30%. Under this circumstance, your could enjoy interest rate up to 0.40%.
• The prevailing interest rate and Bonus Interest Rate will be computed at the end of the calendar month (i.e. first day to last day of the calendar month). Prevailing interest rate (truncated to 2 decimal places) will be credited into your Sync Account on the first day of the following month and Bonus Interest rate will be credited into your Sync Account on the second day of the following month (truncated to 2 decimal places).
• Bonus Interest only applies to the first SGD 80,000 (inclusive). For the amount more than SGD80,000, its interest will be calculated with the prevailing SGD interest rate.

　　The prevailing interest rates are as follows.

For terms and conditions, please refer to:

• Our homepage at www.icbc.com.sg “Home－Customer Service－Terms & Conditions－Account Terms－ICBC Singapore Accounts Terms and Conditions"
• Our homepage at www.icbc.com.sg “Home－Customer Service－Terms & Conditions－Account Terms－Sync Account Terms and Conditions”

For Sync Account FAQ, please refer to:

• Our homepage at www.icbc.com.sg “Home－Customer Service－FAQ－Sync Account FAQ”

Deposit Insurance Scheme Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$ 100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.