What is this Promotion about?
As part of the Revolut x Influencer Top Up Promotion (the “Promotion”), Revolut is offering users in Spain the opportunity to sign up to Revolut for the first time and receive a Top Up Offer (the “Offer”), net of taxes. The Offer is an award in the form of a top-up that you can use for any physical or virtual Revolut card payments. Please read carefully these Terms and the eligibility criteria set out below.
In order to receive the Offer you must sign up to Revolut through a unique link from the Partner that has promoted the Offer (the “Partner”). The Promotion will run for a specific period of time (the “Promotion Period”). The Promotion Period and the amount of the Offer will be clearly set out on the Revolut page when you click on the unique link for the Promotion (the "Landing Page"). It will also be set out on the Partner’s website if the Partner operates this.
Users based in Spain will be eligible for the Offer, as long as they meet the eligibility criteria within the Promotion Period. The eligibility criteria are set out below in “Who is eligible for the Promotion?”.
If you are eligible you will need to complete the steps in “What do I need to do to take part in the Promotion?” before the end of the Promotion Period.
The Promotion Terms set out the rules that apply to the Promotion and you must comply with these Promotion Terms, as well as the terms that apply to your Revolut Personal account, at all times when participating in the Promotion.
These terms and conditions (the “Promotion Terms”) govern a number of different promotions, (each a “Revolut x Influencer Promotion”). Each Promotion is brought to you by Revolut Bank UAB, Sucursal en España (“Revolut”).
Who is eligible for the Promotion?
To be eligible for the Promotion, you must:
- Be a new Revolut Personal customer. If you are currently a Revolut customer, or have been a customer or started the sign-up process in the past, you are not a new customer and so are not eligible;
- Live at a residential address in Spain;
- Follow the steps specified in the section below (“What do I need to do to take part in the Promotion?”) To follow these steps you will have to receive marketing directly from the Partner about the Promotion or see the Promotion marketed on the Partner’s website.
What do I need to do to take part in the Promotion?
To take part in the Promotion you will need to complete all of the following steps. You must complete all of the steps by the end of the Promotion Period in order to receive the Offer:
- Click on the unique link for the Promotion. This link will be on the Partner’s social media or website or will be contained in the email/SMS/push notification from the Partner;
- This link will redirect you to Revolut’s website where you will need to provide your phone number. On the Revolut website, you will also be able to see the important details in relation to the Promotion, including the Promotion Terms, the Promotion Period and the amount of the Offer available to you;
- Once you have provided your phone number, you will be directed to the sign-up flow for a Revolut Personal account. You will need to follow the steps for opening a Revolut Personal account and complete our Know Your Customer checks (“KYC”);
- You will need to be onboarded successfully to Revolut. This means you will have to pass KYC with a registered address in a Spain and there must be no restrictions on your account;
- Once you pass your KYC, you will need to make your first Customer Top Up. Your first Customer Top Up can be made by bank transfer or by using a debit card that you have registered with us; and
- Once you have topped up your account you will need to use your balance to make one or more virtual or physical Revolut card payments. The required total value of the transactions will be specified in the Landing Page. Each transaction must also be a genuine purchase to count towards this total amount (for example, card transactions to payment service providers and money transfers will not count towards the required total transaction amount). Don’t worry - you don’t need a physical card to make payments: you can easily generate a virtual card in the app and use it for this purpose. And if you don’t have enough balance for a particular transaction, you can make a further Customer Top Up by bank transfer or debit card.
What other legal information should I know?
- The Promotion is organised and offered by Revolut Bank UAB, Sucursal en España, with registered address at calle Príncipe de Vergara 132, 28002, Madrid (Spain), with tax ID W0250845E, and duly registered with the Commercial Registry in Madrid under Volum 44863, Sheet 1, Section 8, Page M-789831 and with the Bank of Spain under number 1583. The applicable legislation to these Promotion Terms is the Spanish one and any dispute you may have in relation to the same will be handled by Spanish Courts.We may suspend or end the Promotion before the end of the applicable Promotion Period if, in our reasonable opinion, the Promotion is being abused or may negatively affect Revolut’s goodwill or reputation. We may, at our discretion, end the Promotion for one Partner, multiple Partners or all Partners. Please contact support if you believe you qualify for a particular Offer in relation to the Promotion that has not been awarded to you as a result of this early suspension or termination.
- We can cancel this Promotion or change these Promotion Terms at any time. If we are going to change or cancel the Promotion before the Promotion Period ends, we’ll give you notice through the Revolut app and/or by email. Any changes to the Promotion Terms do not affect your rights if you have already participated in the Promotion.
- We reserve the right to reverse the Offer during or after the Promotion Period if the payment that earned the Offer is refunded to you, you earned the Offer fraudulently, if you breach the terms that apply to your Revolut account in order to get the Offer, or if we become aware that you did not comply with these Promotion Terms. We will consider the reversal of any Offer to have been done with your consent and the payment to have been authorised by you.
- If you close your Revolut account or we suspend or restrict your account before we were due to credit your account with the Offer or between the time of qualifying for the Offer and receiving the Offer that you were entitled to under this Promotion, you will lose your entitlement to the Offer.
- Events beyond the control of Revolut may also occur that render the awarding of the Offer as part of this Promotion impossible. Revolut will not be liable for any loss, whether directly or indirectly suffered, as a result of an event outside of its control.
- If we have reasonable grounds to believe that you have engaged in any fraud or material abuse of this Promotion (such as attempting to obtain an unfair advantage through deception) we may, in our sole discretion, take any actions we see fit in the circumstances.
- The Partner will send marketing to its existing customers in compliance with applicable data privacy and direct electronic marketing laws. If you do not want to receive marketing from the Partner you must manage your marketing preferences with the Partner directly as this is outside of Revolut’s remit. If you sign up to Revolut as part of this Promotion, Revolut will process your personal data in compliance with our privacy policy.
- These Promotion Terms are published in Spanish and any translation is a courtesy and an unofficial translation only. Participants of the Promotion cannot derive any rights from the translated version. The Spanish language version of these Promotion Terms shall apply and prevail and be conclusive and binding.
- Please take into account that this Reward is subject to the Personal Income Tax as income from movable capital subject to withholding (according to applicable legislation and without prejudice to the provisions of the provincial tax systems). You, as the recipient of the Reward, must declare an income from movable capital in your savings tax base determined by the full amount of the Reward received, and may deduct the withheld amount from the personal income tax quote. The full amount of the Reward will be the Reward communicated in the promotion Invite plus the tax we are obliged to withhold. We will levy on that amount the 19 % withholding tax and the Reward amount will result of that calculation.