i-Earn account:

1.1	This i-Earn Terms and Conditions shall be an integral part of the Operative Account Terms and Conditions. If there is any conflict between Operative Account Terms and Conditions and i-Earn Terms and Conditions, the latter will prevail to the extent related to i-Earn Account.
1.2	No cheque book will be issued for this Account.
1.3	i-Earn account earns a credit interest, which is calculated on daily basis and credited into the Account on a monthly basis. Interest rate will be tiered/slab based depending on the amount maintained in the account.
1.4	The interest rate may be revised from time to time or withdrawn at the absolute discretion of the Bank.
1.5	The account holder shall have 24/7 online access to his/her account and such access virtually substitutes the physical provision or delivery of the statement of account. The accessibility to the Account may be interrupted or failed by some technical reason, which is beyond the Bank's control. In such event, the Bank shall not be liable or responsible for any consequences that the Account Holder may suffer due to such interruption or failure.
1.6	Following the preceding clause, the account holder irrevocably and unconditionally agrees on the non-provision of the statement by the ordinary mail delivery and his/her access will sufficiently cover the provision of such statements as well as the frequency cycle of it.
1.7	i-Earn Account runs on reward programs, which offers the account holder specific rewards in the form of discount or redemption vouchers subject to the qualifying criteria set out in the Annexure below.
1.8	The vouchers may not be exchanged for cash and should be redeemed at the respective business partner's outlet only.
1.9	The account holder shall not claim for a replacement if the voucher given under the reward program is lost/stolen/misplaced.
1.10	The qualifying criteria shall include, inter alia, (a) Maintaining the balance in the i-Earn Account (b) making point of sale transactions using i-Earn Debit card and (c) making electronic bills payments using this account via e-Banking.
1.11	The above criteria may change from time to time at the absolute discretion of the Bank without a prior notice to the Account Holder.
1.12	If any raffle draw program is organized on i-Earn Account, it will be subject to our internal selection process and the respective regulations.
1.13	The account holder agrees that the Bank has the right to close the Account in the following events: (a) It remains "zero" balance over 3 consecutive months. For this event, the account closure will be made without any prior written notice (b) It is used for any unlawful purpose or not in consistency with the one stated in the account holder's mandate file (c) Regulatory or judicial instruction or order received to do so (d) Any other closure events as stipulated in the respective laws and regulations.
1.14	The account holder will be charged additional fees if he/she opts to use the branch channel for his/her transactions or any other non-electronic channels.

Annexure:

Reward Program and Qualifying Criteria and Exclusions

1.	The account holder will earn reward points as follows: • 0.0833 reward points every month for every AED of average balance maintained in the i-Earn account • 1 point per AED of point of sale transaction spend on the i-Earn debit card • 1 point per AED of bill payment done by the account holder using i-Earn account via e-Banking. This is subject to an upper cap of 5000 points per month. Any payment made towards RBS credit card bills will not qualify for reward points.
2.	Reward points have a cash equivalent value of 0.25% and the accrued points will expire in 36 months.
3.	The reward points for the previous month will accrue to the Account at the beginning of the next month.
4.	If any of the above transaction is reversed, the Bank has the right to reverse the reward points accrued for the same accordingly.
5.	The account holder can view his rewards summary online and redeem rewards using e-Banking.
6.	The account holder can provide the number of points he / she wants to redeem in multiples of 20,000 subject to a minimum of 40,000 points and a voucher or a redemption certificate will be issued to him / her accordingly. He / she can use such voucher / redemption certificate while making a purchase at selected business partner outlets.
7.	Important Notes: (a) The voucher/redemption certificate will be issued by the Bank's Processing Department or an Outsource Agent and dispatched to the account holder to his/her address as per the Bank's latest records. If the dispatch service becomes impractical or commercially unfeasible, then the account holder will be given another alternative for the collection of the given voucher/certificate (b) The account holder needs to redeem the voucher before the expiry date of the voucher (c) The account holder needs to present his/her debit card & identification proof along with the voucher for the redemption.