Common use of Application for Transfer Clause in Contracts

Application for Transfer. a. You may apply to transfer up to 90% of the available credit limit of your Card Account(s) (the “Balance Transfer”), subject to a minimum amount specified by us, to: (i) any credit card/credit line account(s) (the “Other Card/Credit Line Account(s)”) held with any other bank or financial institution in Singapore; (ii) and/or any bank account held with us or any other bank or financial institution in Singapore acceptable to us. Such Balance Transfer shall be subject to our approval at our sole and absolute discretion. The actual amount of the Balance Transfer disbursed to you will be the amount approved by us at our sole and absolute discretion. b. A Balance Transfer can only be made to a receiving account denominated in Singapore dollars. c. We reserve the right to reject an application for a Balance Transfer in its entirety and/or approve only part of an Applied Balance Transfer Amount (such approved amount shall be referred to as the "Balance Transfer Amount") at our absolute discretion and without assigning any reason therefor. d. All Balance Transfer applications shall be irrevocable on and after the date of the relevant approval letter issued by us (the "Approval Letter").

Application for Transfer. a. You may apply to transfer up to 90% of the available credit limit of your Card Account(s) (the “Balance Transfer”), subject to a minimum amount specified by us, to:: Oversea-Chinese Banking Corporation Limited Xx.Xxx.Xx.: 193200032W (i) any credit card/credit line account(s) (the “Other Card/Credit Line Account(s)”) held with any other bank or financial institution in Singapore; (ii) and/or any bank account held with us or any other bank or financial institution in Singapore acceptable to us. Such Balance Transfer shall be subject to our approval at our sole and absolute discretion. The actual amount of the Balance Transfer disbursed to you will be the amount approved by us at our sole and absolute discretion. b. A Balance Transfer can only be made to a receiving account denominated in Singapore dollars. c. We reserve the right to reject an application for a Balance Transfer in its entirety and/or approve only part of an Applied Balance Transfer Amount (such approved amount shall be referred to as the "Balance Transfer Amount") at our absolute discretion and without assigning any reason therefor. d. All Balance Transfer applications shall be irrevocable on and after the date of the relevant approval letter issued by us (the "Approval Letter").