THIS IS A TARGETED PROMOTION
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Stash Stock-Back™ 0.20% Beta Promotion Terms and Conditions
Effective as of February 13, 2019
The Stash Stock-Back™ Beta Promotion is a promotion offered by Stash Financial, Inc. and/or its affiliates (collectively, “Stash”) that you, as a customer of Stash Cash Management LLC, may choose to participate in that enables you to earn fractional shares of stock of certain publicly-traded companies and/or exchange-traded funds (together, “Stock” for purposes of these terms and conditions) on certain qualifying purchases made using your permanent Stash Debit card issued by Green Dot Bank, Member FDIC, subject to the terms and conditions included herein. All references to the “Stash Debit card” or “debit card” herein refers to your permanent Stash Debit card issued by Green Dot Bank, Member FDIC. Please refer to your Deposit Account Agreement for more information about your Stash Debit account and Stash Debit card.
By choosing to participate in the promotion, you are accepting and agreeing to these terms and conditions. These terms and conditions form an agreement between you and Stash with respect to the promotion. You may choose to disable your participation in the promotion at any time by contacting us at (800) 205-5164 or email@example.com. It may take up to three (3) business days after you choose to disable your participation in the promotion before you are no longer enrolled. Your decision to disable your participation in the promotion is irrevocable.
Data Sharing Consent
You may revoke your direction and consent to this data sharing at any time by contacting us at (800) 205-5164 or firstname.lastname@example.org, in which case you will no longer be eligible for the promotion because the purchasing data is required in order to determine whether you earn any Stock under these terms. It may take up to three (3) business days for your revocation to be processed. Your decision to revoke your direction and consent is irrevocable.
After you choose to participate in the promotion, and thereby accept the terms and conditions of the promotion (including providing the data sharing consent), you will earn an amount of Stock on qualifying debit card purchases made using your permanent Stash Debit card as further described herein. It may take up to three (3) business days after you choose to participate in the promotion before you are enrolled and able to start earning Stock rewards. To participate in this promotion, you must have an open taxable brokerage account advised by Stash Investments LLC. You may not receive Stock rewards in tax-advantaged accounts (including Stash Retire and Stash Custodial accounts) under this promotion. Your Stash Debit account at Green Dot Bank and your taxable brokerage account advised by Stash Investments LLC each must be in good standing in order to receive a Stock reward. We and/or Green Dot Bank reserve the right to determine in our and/or its sole or joint discretion whether an account is closed and/or in good standing.
Amendments to/Cancellation of Promotion: Stash reserves the right to amend this promotion and the terms and conditions thereof and/or cancel this promotion 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 promotion, 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 Platform through e-mails linking to the Website, other e-mails, 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 promotion that are beneficial to you. You agree that, by continuing to participate in the promotion without objecting after Stash posts a new version of any terms and conditions, you will be deemed to have agreed to and accepted all terms and conditions of this promotion as so amended and all purchases that post following the effective time of such amendment shall be subject to all terms and conditions of this promotion as so amended.
Qualifying Purchases: Qualifying debit card purchases are point-of-sale purchases and online purchases made with your permanent Stash Debit card issued by Green Dot Bank that have posted to your Stash Debit account.
Debit card purchases that are not eligible for the Stock rewards include: (1) transactions conducted at an ATM, cash teller withdrawals, and cash withdrawals at point-of-sale, and (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, (3) peer-to-peer (“P2P”) payments and mobile wallet or account funding made with your Stash Debit account or card, (4) any purchases made using third-party payment accounts (including but not limited to services such as Venmo® and PayPal® (which also may provide P2P payments described in clause (3)) where the funding source is a Stash Debit account or the Stash Debit card and (5) transactions deemed by Stash and/or Green Dot Bank, in its and/or their sole or joint discretion, to have been manufactured spend. In addition, 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 debit card purchase. 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 debit card purchases.
Amount of Stock Rewards: Upon a qualifying debit card purchase, you will earn a fractional share of Stock. Stock reward amounts will be a dollar amount equal to 0.20% of the aggregate amount of the qualifying purchase, or, if greater, a fixed dollar amount of $0.01 per qualifying purchase.
Stash, in its sole discretion, from time to time and at any time, may choose to reward a larger fixed dollar amount or a variable dollar amount per qualifying purchase (so long as the amount rewarded equals or exceeds the amount described in the foregoing sentence).
Fulfillment of Stock Rewards: Any Stock rewards will be fulfilled as follows:
- If a qualifying transaction is made at a merchant that has publicly-traded stock available for purchase through the Stash Platform, the Stock reward arising from a qualifying transaction will be in the publicly-traded stock of the merchant.
- If a qualifying transaction 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 such qualifying transaction may, but is not required to, be in the publicly-traded stock of the 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, the Stock reward arising from a qualifying transaction will be in shares of Vanguard Total World Stock ETF (VT), an ETF available on the Stash Platform.
Please refer to the Stash Platform (www.stashinvest.com/investments) for a list of all investments that are available for purchase at any time. Stash reserves the right to change the list of Stock available on the Platform at any time and from time to time in its sole discretion. 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 debit card purchase and were not rewarded Stock in accordance with these terms and conditions, please contact us at (800) 205-5164 or email@example.com.
Variants: Stash may implement multiple, varying versions of the Stock rewards promotion at the same time and/or at different times. The version offered to you may be different than the version offered to another client.
Crediting of Stock Rewards to Your Stash Account: To deliver the Stock reward to your taxable brokerage account, Stash will deposit into such account the monetary amount of your reward and automatically initiate a “buy” order for Stock in the amount of the reward you have received. By choosing to participate in the promotion, you grant Stash Investments LLC the limited discretionary authority required to complete the securities transaction necessary to complete the reward. More specifically, Stash Investments LLC will have discretion over cash credited to your taxable account pursuant to the terms and conditions of this promotion only to the limited extent necessary to purchase Stock in accordance with the terms hereof. This discretionary authority is in addition to the limited discretionary authority you have already granted to Stash Investments LLC pursuant to the Advisory Agreement you agreed to in connection with your opening of your taxable account (as amended). Accordingly, your acceptance of these terms and conditions and participation in the promotion 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 promotion, 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 promotion. Any Stock rewarded may take up to four (4) business days to be reflected in your taxable brokerage account following the posting of a qualifying purchase. By participating in the promotion, you are making a decision to invest in the Stock that may be rewarded to you under this promotion and agree that it is your responsibility to review and carefully consider the Stocks, including the information available to you through the Stash applications and website about each of the Stocks, that may be rewarded under this promotion before choosing to participate in the promotion. Neither the promotion itself, nor the publicly-traded 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.
Your taxable account must be open and in good standing at the time we initiate any credit of cash and/or the earned Stock. If the taxable account is closed or not in good standing for any reason at any such time, any Stock rewards will be forfeited. You will not be entitled to any compensation from Stash, any of Stash’s affiliates, or from any other source, if your Stock rewards are forfeited for any reason. In addition, any qualifying purchases that have not posted by the end of the promotional period, or, if earlier and if applicable, the time your revocation of your direction and consent to participate in the promotion is processed, will not earn Stock rewards.
For the avoidance of doubt, you have the ability to sell any Stock earned under the promotion after you receive it in your taxable account.
Stash Investments LLC – Wrap Fee
Stash Investments LLC is an SEC-registered investment adviser. You may view our Wrap Fee Brochure and our Advisory Agreements at https://www.stashinvest.com/disclosurelibrary. You remain responsible for ancillary fees that are not included in the monthly Wrap Fee. A list of such ancillary fees is included in our Advisory Agreement.
In the event a Stock reward causes the balance of your taxable brokerage account to equal a value of $5,000 or more, the Stash Fee (as defined in your Advisory Agreement) charged to you pursuant to and in accordance with the Advisory Agreement will change to 0.25% (or 25 basis points). In such event, you will be charged a higher Stash Fee for your taxable brokerage account than the fee you were charged for your account when your account balance was below $5,000.
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. © 2019 Green Dot Bank. All rights reserved.
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 jurisdictions. Any earned Stock rewards will be held in your taxable brokerage account advised by Stash Investments LLC, 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 promotion is not sponsored or endorsed by 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 promotion.
Stash is not responsible for any failure on your part to meet standards for qualifying for this promotion. Stash reserves the right to amend this promotion and the terms and conditions thereof and/or cancel this promotion at any time upon prior notice to you. Promotion available to U.S residents only. This promotion is non-transferrable. The value of any cash or Stock rewards received by you pursuant to the terms and conditions of this promotion 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 trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.