Stash Stock-Back® Rewards Terms and Conditions

Stash Stock-Back® Rewards

Terms and Conditions

Effective October 2nd, 2023

General Description

Stash Stock-Back® Rewards is a rewards program (the “Program”) offered by Stash Financial, Inc. and its designated affiliates (collectively, “Stash”). The Program enables eligible Stash customers to earn fractional shares of stock of certain publicly-traded companies or exchange-traded funds (together, “Stock”) on certain qualifying purchases made using a physical or virtual Stash Stock-Back^® Debit Mastercard^® (the “Stock-Back^® Card”) issued by Stride Bank, N.A. Member FDIC, pursuant to a license from Mastercard International Incorporated.

As a customer of Stash Investments LLC and Stash Cash Management LLC, you are eligible to participate in the Program, subject to these terms and conditions (the “Program Terms”). This Program is not offered or administered by Stash Capital LLC (“Stash Capital”). By participating in the 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 may choose to opt-out of this Program at any time by contacting us at (800) 205-5164 or stockbackoptout@stash.com. It may take up to four (4) business days after you choose to opt-out of this Program before you are no longer enrolled.

Eligibility

To participate in this Program, you must have an individual taxable brokerage account advised by Stash Investments LLC that is open and in good standing (a “Personal Portfolio”). You may not receive Stock rewards in tax-advantaged accounts (including Stash Retire and Stash Custodial accounts), Crypto accounts, or a Stash Smart Portfolio under this Program. You also must have an open Stash Banking account that is in good standing in order to make qualifying debit card purchases with your Stock-Back^®Card. Please refer to the Stride Deposit Account Agreement for more information about a Stash Banking account and a Stock-Back^® Card.

For the avoidance of doubt: in the event you only complete the designated registration process to receive the Financial Counseling Service (if applicable to you, as such term is defined in your Advisory Agreement) from Stash, or you do not otherwise complete the designated registration process required for opening both a Personal Portfolio and Stash Banking account in accordance with the above, you will not be eligible to participate in this Program.

Earning Stock-Back® Rewards

(i) Qualifying Purchases

Stock rewards may only be earned on purchases that are point-of-sale purchases and online purchases made with your Stock-Back^® Card that have been posted to your Stash Banking account (each a “Qualifying Purchase”), subject to certain exclusions as further described below.

The following transactions are not Qualifying Purchases and thus are ineligible for Stock rewards: (1) transactions conducted at an ATM, cash teller withdrawals, and cash withdrawals at point-of-sale, (2) the purchase of money orders or other cash-equivalents (cash-equivalents include, but are not limited to: third-party gift cards or gift certificates, prepaid cards, coupons, currency, virtual currency, coins, paper money, negotiable items not yet deposited, U.S. treasury bills and commercial paper), and (3) transactions conducted through peer-to-peer (“P2P”) payment services and third-party payment accounts (including but not limited to services such as Venmo®, Square, Inc.’s CashApp®, Apple Cash, Western Union, and PayPal® and other similar services) where the funding source is a Stash Banking account or a Stock-Back® Card. In addition, transactions deemed by Stash, in its sole discretion, to be manufactured spend will not be eligible for Stock rewards. Stock-Back^® Card purchases that have been authorized but do not post to your Stash Banking account are also not eligible for Stock rewards.

We reserve the right to determine in our sole discretion whether a particular transaction is a Qualifying Purchase. Stash may withhold or recover any reward if Stash determines that such reward was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided when opening either of your accounts, or that any terms of our Advisory Agreement, Stash Terms of Use, or these Program Terms have been violated. You may view those documents at https://www.stash.com/disclosurelibrary. We also reserve the right to reverse the credit of any Stock reward in the event the Qualifying Purchase giving rise to the reward is the subject of a return, credit, chargeback, or similar rescinded transaction.

(ii) Amount of Stock Rewards

Based upon the Platform Tier Service (as defined in your Advisory Agreement) that you have elected to pay for, you will earn the following Stock rewards under this Program:

For eligible participants that have elected to purchase the Stash Growth ($3/month) Platform Tier Service:

Expressly excluding any Qualifying Purchases made at the merchants described in (2) below, upon making a Qualifying Purchase, the amount of your Stock reward will be either (A) a dollar amount equal to 0.125% of the Qualifying Purchase or (B) a fixed dollar amount of $0.01 per Qualifying Purchase, whichever is greater.
Only upon making a Qualifying Purchase at one of the following merchants – Netflix, Hulu, Disney+ or Spotify (collectively, the “Bonus Merchants”) – the amount of your Stock reward will be either (A) a dollar amount equal to 2% of the Qualifying Purchase, or (B) a fixed dollar amount of $0.01 per Qualifying Purchase, whichever is greater.

For eligible participants that have elected to purchase the Stash+ ($9/month) Platform Tier Service:

Expressly excluding any Qualifying Purchases made at the Bonus Merchants, upon making your first $1,000 worth, in the aggregate, of Qualifying Purchases in each calendar month, the amount of your Stock reward will be either (A) a dollar amount equal to 1% of the Qualifying Purchase, or (B) a fixed dollar amount of $0.01 per Qualifying Purchase, whichever is greater.
Expressly excluding any Qualifying Purchases made at the Bonus Merchants, upon making more than $1,000 worth, in the aggregate, of Qualifying Purchases in each calendar month, the amount of your Stock Back Reward will be either (A) a dollar amount equal to 0.125% of the Qualifying Purchases or (B) a fixed dollar amount of $0.01 per Qualifying Purchase, whichever is greater.
Only upon making a Qualifying Purchase at one of the Bonus Merchants the amount of your Stock reward will be either (A) a dollar amount equal to 3% of the Qualifying Purchase, or (B) a fixed dollar amount of $0.01 per Qualifying Purchase, whichever is greater.

For the avoidance of doubt, any Qualifying Purchases made by any eligible participant at any of the Bonus Merchants specified above will not qualify for any other Stock rewards prescribed hereunder. Stash reserves the right to update, amend, remove, or supplement the list of Bonus Merchants for all eligible participants at any time at its sole discretion without notice to you.

Stash may, in its sole discretion, from time to time, choose to reward a larger Stock reward for certain Qualifying Purchases. Additionally, Stash may, in its sole discretion, and from time to time, implement multiple versions of this Program or offer certain promotions directly to eligible participants for Qualifying Purchases made at selected merchants that may reward a Stock reward different from the Stock rewards hereunder. Stash may send these offers directly to eligible participants or via the Stash Platform. Any such version or promotion offered to you may be different from the version or promotion offered to another eligible participant. Supplemental terms and conditions will govern any such version or promotion.

(iii) Fulfillment of Stock Rewards

Any Stock rewards will be fulfilled as follows:

If a Qualifying Purchase is made at a merchant that has publicly-traded stock available for purchase through the Stash Platform (defined below), the Stock reward arising from that Qualifying Purchase will be in the publicly-traded stock of that specific merchant.
If a Qualifying Purchase is made at a subsidiary of a parent company that has publicly-traded stock available for purchase through the Stash Platform, the Stock reward arising from that Qualifying Purchase may, but is not required to, be in the publicly-traded stock of that specific parent company.
If the publicly-traded stock of the merchant (or a subsidiary thereof, if applicable) is not available or otherwise capable of being fulfilled for any reason, or if a Qualifying Purchase is made at a merchant that issues publicly-traded units in a master limited partnership, the Stock reward arising from a Qualifying Purchase will be in shares of one of a predetermined selection of exchange-traded funds (“ETFs”) or publicly-traded companies available on the Stash Platform (the “Default Investments”). Stash will determine the list of such Default Investments at its sole discretion and may change the predetermined selection of Default Investments from time-to-time. Stash may also offer you, from time to time, the ability to select or change your Default Investment via the Stash Platform.

When determining whether a purchase is deemed a Qualifying Purchase and/or when calculating each Stock reward, 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 commercially reasonable efforts to determine whether such purchase constitutes a Qualifying Purchase and/or is eligible for a Stock reward. 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. Our services matching Qualifying Purchases to Stock rewards are provided “AS IS” and without warranties of any kind, either express or implied. We cannot warrant that such matching services will be error-free or that defects in the matching services will be corrected. If you believe you made a Qualifying Purchase and were not rewarded Stock in accordance with this Program, please contact us at (800) 205-5164 or support@stash.com.

(iv) Crediting of Stock Rewards to Your Personal Portfolio

To deliver a Stock Reward to your Personal Portfolio, Stash will convert the monetary amount of your Stock Reward into a Stock position based on the reported lowest execution price of the relevant Stock from the current business day, and Stash will direct Stash Capital to purchase those shares of Stock in its proprietary account (“Stash Capital Proprietary Account”). Upon the trade settlement date, Stash Investments LLC will instruct Stash Capital to journal the Stock reward position to your Personal Portfolio through a journal entry. If a Stock reward transaction completes outside of the trading window to fulfill Stock rewards (a” Rewards Window”) on the current trading day and before the start of the Rewards Window on the next trading day, the reported lowest execution price of the Stock on the next trading day shall be used.

By accepting an offer to earn a Stock reward, you are authorizing Stash Investments LLC to direct, and Stash Capital to execute, orders to buy the specific Stock offered to you through a journal entry from the Stash Capital Proprietary Account. It may take up to three (3) business days after a Qualifying Purchase posts to your Stash Banking account for a Stock reward to be reflected in your Personal Portfolio. For additional information related to your Stock Reward, you may review the transaction details in the portfolio activity section available through the Stash Platform. In order to fulfill your Stock Rewards, Stash Investments LLC and Stash Capital have entered into an agreement whereby Stash Capital, an affiliate of Stash (also referred to as “Service Provider”), is paid a service fee (“Service Fee”) to purchase and manage Stock inventory in the Stash Capital Proprietary Account.

By participating in the Program, you grant Stash Investments LLC the limited discretionary authority required to complete the securities transaction necessary to complete each Stock reward. This discretionary authority is in addition to the limited discretionary authority you have already granted to Stash Investments LLC pursuant to the Advisory Agreement, as amended, that you agreed to when you opened your Personal Portfolio. Accordingly, your acceptance of these Program Terms and participation in the Program expressly amends and modifies your Advisory Agreement as of the date you initially accept these terms, and you are hereby notified of such amendment and modification by these terms.

By participating in the Program, you are making a decision to invest in the Stock that may be rewarded to you under this Program, and agree that it is your responsibility to review and carefully consider the Stock, including the information available to you through the Stash Platform about each Stock that may be rewarded under this Program. A list of all investments that are available on the Stash Platform can be viewed at https://www.stash.com/investments/. Stash may change the list of investments available on the Stash Platform and the Stock offered through this Program at any time. The Program itself, the Stock available to be earned through it, and any such information shown in connection therewith 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. All investments are subject to risk and may lose value. The value of any Stock reward you receive will fluctuate over time due to a variety of factors. For the avoidance of doubt, you have the ability to sell any Stock reward earned under the Program after you receive it in your Personal Portfolio.

Your Personal Portfolio must be open and in good standing at the time we initiate any credit of cash and/or any Stock reward. If your Personal Portfolio is closed or not in good standing for any reason at any such time, any Stock rewards will be forfeited. If you do not have a valid email address on record with Stash, Stock rewards will be fulfilled only in cash, not Stock. You will not be entitled to any compensation from Stash or from any other source if your Stock rewards are forfeited for any reason. In addition, you will not earn any Stock rewards for any Qualifying Purchases that have not been posted to your Personal Portfolio prior to the end of the Program (if applicable), or, if earlier and if applicable, prior to the time your request to opt-out of the Program is processed.

Opting Out of the Program

You may choose to opt-out of this Program at any time by contacting us at (800) 205-5164 or stockbackoptout@stash.com. It may take up to three (3) business days after you choose to opt-out of this Program before you are no longer enrolled. If you opt-out of the Program, you will not earn Stock rewards on any purchases made with your Stock-Back® Card.

Changes to the Program

Stash reserves the right to amend, modify, or cancel the Program or these Program Terms at any time, for any reason, upon prior notice to you. Pursuant to the Stash ESIGN Agreement you executed concurrently with your Advisory Agreement, you acknowledge that the usual way Stash will provide you notices of amendments to or cancellation of this Program, is by posting such notices on the “Legal” section of www.stash.com (the “Website”) or on the Stash mobile applications (together with the Website, the “Stash Platform”), and, to the extent required by applicable law or if Stash decides in its sole discretion, Stash will provide you with notice directing you to the Stash Platform through emails linking to the Website, other emails, in-app messages, text messages, traditional mail, or by other means. Notwithstanding anything herein, we do not have to provide you with prior notice of any amendments to the Program that are beneficial to you. You agree that, by continuing to participate in the Program after Stash posts a new version of the Program Terms, you will be deemed to have agreed to and accepted the revised Program Terms and all Qualifying Purchases that post to your Stash Banking account following the effective dates of any such amendment shall be subject to all terms and conditions of this Program as so amended.

Other 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.

All Stock rewards earned hereunder through use of the Stock-Back^® Card will be fulfilled by Stash Investments LLC. You will bear the standard fees and expenses reflected in the pricing of any Stock that you earn, plus fees for various ancillary services charged by Stash. You remain responsible for ancillary fees that are not included in the monthly Stash Fee (as defined in your Advisory Agreement). A list of such ancillary fees is included in our Advisory Agreement. Stock rewards that are paid to participating customers via this Program are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value.

Stash Cash Management LLC has entered into a business relationship with Stride Bank N.A., in order for the banking services to be made available to clients of Stash Cash Management LLC and its affiliates. Stash Cash Management LLC is not a bank or depository institution licensed in any jurisdiction. This Program is available to U.S residents only. The value of any cash or Stock rewards received by you pursuant to these Program Terms may be taxable income to you. You are responsible for any federal or state taxes resulting from the receipt of any rewards and should consult your tax advisor if you have questions about the tax treatment of any rewards.

All product and company names are trademarks^TM or registered^® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

If, for any reason, this Program is not capable of running as planned, whether due to infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond the control of Stash which corrupts or affects the administration, security, fairness, integrity, or proper conduct of this Program, Stash reserves the right in its sole discretion, to disqualify any individual who tampers with this Program, and to cancel, terminate, modify or suspend this Program. In the event of termination, Stash may, in its sole discretion, award Stock to those who have satisfied the eligibility criteria set forth herein up until the time of termination. Stash assumes no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction, or unauthorized access to, or alteration of, this Program.