Wallex New Client Fee Waiver Promotion Terms & Conditions 

PLEASE READ THESE PROMOTION TERMS CAREFULLY  

  1. These Terms and Conditions for New Client Fee Waiver Promotion (the “Promotion”) of the M-DAQ Trading (HK) Limited business unit (which shall henceforth be referred to as “Wallex Hong Kong”) are binding on eligible new clients that opt to participate in the Promotion organized by Wallex Hong Kong.  
  2. Clients of Wallex Hong Kong are governed by the standard terms of conditions set forth here (referred to as the “Wallex HK T&Cs”). Capitalized terms that are used but not otherwise defined in these Terms and Conditions shall have the definitions ascribed to them in the Wallex HK T&Cs. 
  3. The Promotion will run from 15 July 2024 to 16 September 2024 and is inclusive of both dates (“Promotion Period”). Wallex Hong Kong reserves the right to alter, extend, cancel, terminate or suspend the Promotion or any part thereof or any part of the applicable terms and conditions from time to time, without prior notice.   
  4. By participating in the Promotion, you agree to be legally bound by these Promotion Terms and Conditions, Wallex HK T&Cs and any decision undertaken by Wallex Hong Kong.   
  5. The Promotion is available to all eligible new clients of Wallex which meet the following eligibility criteria (“Eligible Client”): 
    1. The client is an entity who has not registered, completed the onboarding process, used Wallex Hong Kong for cross-border payment services, or was a Wallex Hong Kong client prior to the Promotion Period.   
    2. The client has successfully registered for a new Hong Kong-based Corporate Account client through the Wallex Hong Kong website here within the Promotion Period.  
    3. The client had, prior to executing the transaction, informed their assigned Account Manager that they wish to avail of the Promotion.  
    4. The client has not breached any applicable terms and conditions including, but not limited to, the Wallex HK T&Cs.
  6. Under this Promotion, the Eligible Client shall be entitled to a fee waiver worth HKD 150 per transaction on the first 5 outbound cross border funds transfers made via local channel or the SWIFT channel from Hong Kong to all supported currencies except BND (Brunei Dollar) and SAR (Saudi Riyal) during the Promotion Period. Please refer to here to see the full list of currencies supported by Wallex Hong Kong. For the avoidance of doubt, the applicable fee waiver does not include any beneficiary bank charges, which will continue to apply under this promotion. 
  7. This Promotion does not apply to same-currency transfers that do not involve any currency conversions, for example, USD-USD payments. This Promotion also does not apply to inbound collections made into an e-wallet or virtual account. 
  8. Wallex Hong Kong hasretains the sole discretion to delay the application of the fee waiver reward for any reason that it deems appropriate, including assessing the eligibility of the relevant Eligible Client.   
  9. Eligible Clients are responsible for ensuring that all company details are accurate. Wallex Hong Kong Account Managers will contact Eligible Clients to assist with the onboarding and KYC process. 
  10. To check if your account is eligible for this Promotion and for any future enquiries, please reach out to contact-hk@wallextech.com or your Account Manager 
  11. This Promotion may not be combined with any other on-going promotions offered by Wallex Hong Kong unless otherwise stated.

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*Wallex is a business unit of M-DAQ Pte. Ltd. regulated by Monetary Authority of Singapore, License number: PS20200433