Product Terms and Conditions

Account must be funded within 60 days of opening. Accounts that are not funded within 60 days, or that at any time maintain a $0 balance for 60 days or more, will be subject to automatic closure.

Requests to re-open an account that has been closed by the Bank or customer are subject to Bank review and approval. If, at the Bank’s discretion, an account re-opening request is honored, a re-opening fee will be deducted from the account. The Bank is under no obligation to honor a re-opening request, and not all accounts will qualify for re-opening. Please refer to the East West Bank Fee Schedule, which has been provided with this disclosure, for additional fee information.

OPTION ONE

Qualify for Student Benefit Fee Waivers and your monthly maintenance fee will be WAIVED for 7 years from the account opening date.

• Please refer to the Student Benefit Fee Waivers Qualification Requirements section of this disclosure for additional details.

OPTION TWO

Additionally, your Monthly Maintenance Fee will be WAIVED if you maintain a:

• $2,500 average balance in your account each monthly statement cycle

OR

• $10,000 prior month-end combined average balance in the consumer deposit accounts you own at East West Bank

$25

Charged per monthly statement cycle if the minimum average monthly balance maintained in the account during the statement cycle does not meet the required minimum, or if the account has not otherwise qualified for Student Benefit Fee Waivers.

Limited to students who present the following applicable document(s):

• Foreign Students - Must provide a copy of a qualifying government issued ID, and other identifying information as may be required during the account application process. Additionally, applicants will also be required to provide a copy of a valid and current F-1 or M-1 student visa or specified J-1 visa indicating they have been legally admitted to the United States to study at an accredited university, community college, high school or vocational school that is located in the United States.

  • Note: Failure to provide a digital copy of a qualifying visa document within the required timeframe will result in a forfeiture of the opportunity to qualify for Student Benefit Fee Waivers. Please refer to the Student Benefit Fee Waivers Qualification Requirements section of this disclosure for additional details.

• U.S. Students - Must provide a copy of a valid and current Proof of Acceptance or school issued Student ID Card indicating they are legally enrolled to study at an accredited university, community college, high school or vocational school in the United States. U.S. students include individuals that are U.S. citizens or legal permanent residents of the United States. A U.S. social security number is required to apply.

To qualify your Global Student account for Student Benefit Fee Waivers:

• Foreign Students - Must provide a copy of a valid and current F-1 or M-1 student visa or specified J-1 visaat the time of account application. Students who have not yet received their visa document, will also have the option to provide their digital copy after account approval by using the Student Visa upload feature in our Mobile App.

  You will have a maximum of 6 full statement cycles after the account opening date to provide a digital copy of your qualifying visa document.

  • Note: A full statement cycle is defined as beginning on the first day of the month and ending on the last day of the month. For example, if your account was opened on April 15th, you will have until October 31st (midnight Pacific Time) to upload a digital copy of your qualifying visa document.

• U.S. Students - Must provide a valid and current Proof of Acceptance or school issued Student ID Card at the time of account application.

In most cases, your Student Benefit Fee Waivers will be applied to your Global Student account upon digital submission of the required document, although it may take up to 14 business days after document submission for the waivers to be applied.

Once your Student Benefit Fee Waivers have been applied to your Global Student account, they will be applicable for 7 years from the account opening date.

• Upon expiration of your Student Benefit Fee Waivers your Global Student account will return to the standard account pricing, terms and conditions applicable at that time.