Stash Stock-Back® Rewards

Terms and Conditions

Effective March 4, 2020

General Description

Stash Stock-Back® Rewards is a rewards program (the “Program”) offered by Stash Financial, Inc. and its 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 virtual or permanent Stash Debit card issued by Green Dot Bank, Member FDIC. As a customer of Stash Cash Management LLC, you are eligible to participate in the Program, subject to these terms and conditions (the “Program Terms”). 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 disable your participation in the Program at any time by contacting us at (800) 205-5164 or stockbackoptout@stashinvest.com. It may take up to three (3) business days after you choose to disable your participation in the Program before you are no longer enrolled.

 

Eligibility

To participate in this Program, you must have an open taxable brokerage account advised by Stash Investments LLC (a “Stash Invest account”). You may not receive Stock rewards in tax-advantaged accounts (including Stash Retire and Stash Custodial accounts) under this Program. You also must have an open Stash Debit account in order to make qualifying debit card purchases with a Stash Debit card. You must pass Green Dot Bank’s customer identification procedures and otherwise be approved by Green Dot Bank for a Stash Debit account, and you must agree to electronic delivery of disclosures, Green Dot Bank’s deposit account agreement, and any other account documentation required for account opening in order to open an account. There is no guarantee that you will be approved to open a Stash Debit account at Green Dot Bank. Please refer to the Deposit Account Agreement for more information about a Stash Debit account and Stash Debit card. Your Stash Debit account at Green Dot Bank and your Stash Invest account each must be in good standing in order to receive a Stock reward hereunder. We 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. Stash is not responsible for any failure on your part to meet the eligibility requirements for this Program. Existing Stash customers who have a Stash Debit account but who have not opted-in to the Program prior to the effective date of these Program Terms will be required to affirmatively opt-in to the Program, unless automatically opted-in to the Program upon prior notice by Stash, or as otherwise indicated by Stash at its sole discretion.

 

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 virtual or permanent Stash Debit card issued by Green Dot Bank that have posted to your Stash Debit 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 open loop 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® and PayPal® and other similar services) where the funding source is a Stash Debit account or the Stash Debit card. In addition, transactions deemed by Stash and/or Green Dot Bank, in its and/or their sole or joint discretion, to have been manufactured spend will not be eligible for Stock rewards. Stash Debit card purchases that have been authorized but that do not post to your Stash Debit account are not eligible for the 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, Terms of Use, or these Program Terms have been violated. 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. You will not earn any Stock rewards if you do not make any Qualifying Purchases.

 

(ii) Amount of Stock Rewards

Upon making a Qualifying Purchase, you will earn a fractional share of Stock. The amount of the 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.  

Stash may, in its sole discretion, from time to time, choose to reward a larger Stock reward for certain Qualifying Purchases. In addition, Stash may, in its sole discretion, from time to time, implement multiple versions of this Program or offer certain promotions pursuant to Qualifying Purchases made at selected merchants may earn a larger reward amount. Any such version or promotion offered to you may be different than the version or promotion offered to another Stash customer. 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, 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 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”) available on the Stash Platform (the “Default ETF”). Stash will determine the list of such Default ETFs in its sole discretion and may change the predetermined selection of Default ETFs from time-to-time. Stash may also offer you, from time-to-time, the ability to select or change your Default ETF via the Stash Platform.

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 these Program, please contact us at (800) 205-5164 or support@stashinvest.com.

 

(iv) Crediting of Stock Rewards to Your Stash Invest Account

To deliver the Stock reward to your Stash Invest account, Stash will deposit into your Stash Invest account the monetary amount of your reward and automatically initiate a “buy” order for Stock in the amount of the Stock reward you have received. By participating in the Program, you grant Stash Investments LLC the limited discretionary authority required to complete the securities transaction necessary to complete the reward. Specifically, Stash Investments LLC will have discretion over the cash credited to your Stash Invest account pursuant to these Program Terms only to the limited extent necessary to fulfill any Stock rewards. 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 Stash Invest account. 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 directing Stash Investments LLC to direct, and Stash Capital LLC to execute, orders to buy the relevant securities on your behalf for the duration of your participation in this Program. It may take up to four (4) business days after a Qualifying Purchase posts to your Stash Debit account for a Stock reward to be reflected in your Stash Invest account.  

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 Stocks, including the information available to you through the Stash Platform about each of the Stocks that may be rewarded under this Program. A list of all Stocks that are available for purchase on Stash is available at www.stashinvest.com/investments. Stash may change the list of Stocks available on Stash at any time. Neither the Program itself, nor the Stocks available to be earned through it, is a recommendation to buy any such specific Stock. The value of any Stock 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 earned under the Program after you receive it in your Stash Invest account.

Your Stash Invest account must be open and in good standing at the time we initiate any credit of cash and/or the earned Stock. If your Stash Invest account 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 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 posted to your Stash Invest account 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 disable your participation in the Program at any time by contacting us at (800) 205-5164 or stockbackoptout@stashinvest.com. It may take up to three (3) business days after you choose to disable your participation in the 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 Stash Debit 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 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.stashinvest.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 Debit 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.stashinvest.com/disclosurelibrary. 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.  

Debit 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 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 Stock rewards earned by this Program. 

Stash Cash Management LLC has entered into a business relationship with Green Dot Bank in order for the 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. Any earned Stock rewards will be held in your Stash Invest account, and are not FDIC insured, not bank guaranteed and may lose value. Investment products and services are provided by Stash Investments LLC. Investment products and services are not provided by Green Dot Bank. 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 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 trademarksTM or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.