That is incorrect..
T&C point 3 stated..
- “New Customer” refers to an individual who opens at least one current/cheque account(s), and/or savings account(s) and/or time deposit(s) (“Deposits Relationship“) as the primary account holder, with the Bank during the Promotion Period, but does not include an individual who maintains or had maintained a Deposits Relationship as the primary account holder with the Bank within the past twelve (12) months from the date of commencement of the Promotion Period;
Must be total 'New To Bank' customer to qualify..
And if what I interpret from the T&C's is correct.. You have to maintain a minimum ADB of 50k throughout this whole 6 months campaign as well..