Stash 1% (or 8x) Stock-Back® Rewards Program 

Terms and Conditions

 

Effective November [ ], 2020 (the “Effective Date”) and ending January 4, 2021 (the “Program Period”) for Stock-Back® participants who receive an invitation directly from Stash to participate in the program described herein 

General Description

The Stash 1% (or 8x) Stock-Back® Rewards Program (the “Program”) is a rewards program offered by Stash Financial, Inc. and/or its affiliates (collectively, “Stash”) to its customers that supplements its Stock-Back® Rewards program – a rewards program offered by Stash in which a Stash banking account holder may choose to participate that enables such holder to earn fractional shares of stock of certain publicly-traded companies and/or exchange-traded funds on certain qualifying purchases made using a Stock-Back® Card. The Program enables Eligible Participants (as defined below) to earn 1% (or 8x) Stock-Back® Rewards (as defined below) during the Program Period. All references to the “Stock-Back® Card” or “debit card” hereunder refer to a permanent or virtual Stash Debit card issued by Green Dot Bank, Member FDIC.

 

The Program is subject to the terms and conditions stated herein (the “Program Terms”). By choosing to participate in this Program, you are accepting and agreeing to these Program Terms. These Program Terms form an agreement between you and Stash with respect to the Program. You should read these Program Terms carefully.

 

Eligibility For Participation

To be eligible to receive an invitation directly from Stash to participate in this Program, you must satisfy each of the following conditions during the Program Period (each, an “Eligible Participant”): (i) complete the process of opening both a Stash Invest account and a Stash Banking account each in good standing (as defined herein), (ii) select to pay for the Stash Fee (as defined in your Advisory Agreement) attributable to the Stash+ platform tier service, and (iii) enroll as a participant in the Stash Stock-Back® Rewards program, which is governed by the Stock-Back® Rewards Terms and Conditions (the “Stock-Back® Program Terms”) and adhere to the Stock-Back® Program Terms. If at any point during the Program Period you elect to downgrade from the Stash Fee attributable to the Stash+ platform tier service to the Stash Fee attributable to either the Stash Beginner or Stash Growth platform tier service, or you elect to close your account with Stash, then you will immediately cease to be a Eligible Participant hereunder and you will no longer be eligible to receive 1% (or 8x) Stock-Back® Rewards.

 

See the full Stock-Back® Program Terms referenced above, which you agreed to when you joined that program, for important disclosures about that program. The Stock-Back® Program Terms are incorporated herein by reference with the same force and effect as though fully set forth herein. 

 

Stash and/or Green Dot Bank reserve the right to determine in our and/or their sole or joint discretion whether an account is closed and/or in good standing. An account in good standing for purposes of this Program is an account for which all required account opening documentation has been completed and verified, and is not locked, or restricted, or otherwise flagged in any way. If either your Stash Banking account or your Stash Invest account is closed or not in good standing for any reason at any time, you will no longer be deemed an Eligible Participant and your 1% (or 8x) Stock-Back® Rewards will be forfeited. A Stash Invest account is a taxable brokerage account advised by Stash Investments LLC.

 

A Stash Banking account opened hereunder is also subject to approval by Green Dot Bank, Member FDIC. You must pass Green Dot Bank’s customer identification procedures and otherwise be approved by Green Dot Bank for a Stash Banking account, and you must agree to electronic delivery of disclosures, Green Dot Bank’s deposit account agreement, and any other account documentation required for opening in order to open a Stash Banking account. There is no guarantee that you will be approved to open a Stash Banking account. 

 

Qualifying Purchases

The term “Qualifying Purchases” means an Eligible Participant’s qualifying debit card purchases (as defined in the Stock-Back® Program Terms) made using their Stock-Back® Card that post to their Stash Banking account during the Program Period. We reserve the right to determine in our sole discretion whether a particular transaction constitutes a Qualifying Purchase hereunder. Eligible Participants will not earn 1% (or 8x) Stock-Back® Rewards hereunder if they do not make any Qualifying Purchases during the Program Period. 

 

1% (or 8x) Stock-Back® Rewards

Upon each Qualifying Purchase made by an Eligible Participant during the Program Period, the Eligible Participant will receive a Stock-Back® reward equal to one percent (1%) of the value of each Qualifying Purchase, which shall also be equal to eight times (8x) the base reward that such Eligible Participant is eligible to receive under the Stock-Back® Program Terms (such reward amounts shall collectively be referred to hereunder as “1% (or 8x) Stock-Back® Rewards”), provided, however, that each Eligible Participant will be limited to receive 1% (or 8x) Stock-Back® Rewards on only their first $1,500 worth of Qualifying Purchases made during each calendar month during the Program Period. 1% (or 8x) Stock-Back® Rewards will be fulfilled and credited in the manner noted in the Stock-Back® Program Terms. Eligible Participants will receive their 1% (or 8x) Stock-Back® Rewards within five (5) business days following each Qualifying Purchase.

 

For example, if you are deemed an Eligible Participant on November 10, 2020, and you make $500 worth of Qualifying Purchases during the month of November 2020, then all your Qualifying Purchases made during the month of November 2020 will be eligible for 1% (or 8x) Stock-Back® Rewards. Alternatively, if you make $1,550 worth of Qualifying Purchases during the month of November 2020, then only your first $1,500 of your Qualifying Purchases made during the month of November 2020 will be eligible for 1% (or 8x) Stock-Back® Rewards. 

 

Each 1% (or 8x) Stock-Back® Reward shall be calculated by Stash in its sole discretion. Eligible Participants are only eligible to receive 1% (or 8x) Stock-Back® Rewards during the Program Period. Upon expiration of the Program Period, Eligible Participants will receive their base reward under the Stock-Back® Program Terms and/or attributable to their Stash platform tier service upon making any qualifying debit card purchases (as defined in the Stock-Back® Program Terms) using their Stock-Back® Card. 

 

Other Program Information

Stash Investments LLC is an SEC registered investment adviser. You may view our Wrap Fee Brochure and our Advisory Agreement at https://www.stash.com/disclosurelibrary. You remain responsible for ancillary fees that are not included in the monthly Stash Fee. A list of such ancillary fees is included in our Advisory Agreement.  

 

When determining whether a transaction is deemed a Qualifying Purchase and/or when calculating 1% (or 8x) Stock-Back® Rewards, you acknowledge and agree that Stash hereby makes no representation or warranty that the transaction data it receives is accurate or timely. If Stash receives transaction data that is delayed, incorrect, incomplete or mismatched, Stash will use reasonable efforts to determine whether such transaction constitutes a Qualifying Purchase and/or is eligible for 1% (or 8x) Stock-Back® Rewards. You hereby acknowledge and agree that neither Stash nor any of its affiliates shall be liable for any delayed, incorrect, incomplete or mismatched information that Stash receives in connection with this Program. Stash’s services for matching Qualifying Purchases to 1% (or 8x) Stock-Back® Rewards are provided “AS IS” and without warranties of any kind, either express or implied. Stash cannot warrant that such matching services will be error-free or that defects in the matching services will be corrected. If you believe that a 1% (or 8x) Stock-Back® Reward has not been properly credited to you in accordance with these Program Terms, you agree to notify Stash promptly.

 

This Program is expressly exempt from the Stock-Back® Rewards Bonus Terms and Conditions (the “Stock-Back® Rewards Bonus Terms”), and any transactions made thereunder will not constitute Qualifying Purchases and will not be eligible for 1% (or 8x) Stock-Back® Rewards hereunder. Further, this Program is expressly exempt from the Stock-Back® Walmart+ Rewards Bonus Program, and any transactions made thereunder will not constitute Qualifying Purchases and will not be eligible for 1% (or 8x) Stock-Back® Rewards hereunder. Lastly, Stash may implement multiple, varying versions of its Stock-Back® Rewards program and/or promotions related to its Stock-Back® Rewards program as of or after the effective date noted above (each, an “Additional Stock-Back® Rewards Program”). Accordingly, any rewards prescribed under each Additional Stock-Back® Rewards Program are expressly exempt for purposes of this Program.

 

All investments are subject to risk and may lose value. Information shown is strictly for illustrative and educational purposes only and should not be considered a solicitation to buy, an offer to sell, or a recommendation for any security in any jurisdiction where such an offer, solicitation or recommendation would be unlawful or unauthorized. Any preliminary information provided to prospective clients prior to Stash accepting a signed advisory agreement does not constitute investment advice and should not be relied on as such. Investment products and services are offered by Stash Investments LLC, not Green Dot Bank, and are Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

 

Bank Account Services are provided by Green Dot Bank and Stash Visa Debit Card issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A. Visa is a registered trademark of Visa International Service Association. Green Dot Bank operates under the following registered trade names: GoBank, Green Dot Bank and Bonneville Bank. All of the registered trade names are used by, and refer to a single FDIC-insured bank, Green Dot Bank.  Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage. Green Dot is a registered trademark of Green Dot Corporation. © 2020 Green Dot Bank. All rights reserved. 

 

This Program is sponsored by Stash Cash Management LLC, a wholly-owned subsidiary of Stash Financial, Inc. and an affiliate of Stash Investments LLC. The Program is not sponsored or endorsed by Green Dot Bank, Green Dot Corporation, Visa U.S.A., or any of their respective affiliates, and none of the foregoing has any responsibility to fulfill any rewards earned by this Program. 

 

Stash reserves the right to amend or cancel this Program or these Program Terms at any time. You can only participate in this Program if you received an invitation to participate in this Program directly from Stash. Stash is not responsible for any failure on your part to meet the standards for qualifying for this Program. Stash may withhold or recover any 1% (or 8x) Stock-Back® Rewards if Stash determines that such rewards were obtained under wrongful or fraudulent circumstances, or was awarded to you in error, or that you received an invitation to participate in this Program in error, or that inaccurate or incomplete information was provided when opening your account(s), or that any terms of our Advisory Agreement, Terms of Use, or these Program Terms have been violated. Promotion available to U.S residents only. The value of any cash or stock rewards received by you may be taxable income to you. You are responsible for any federal or state taxes resulting from receipt of any rewards and should consult your tax advisor if you have questions about the tax treatment of any rewards.