New User Premium Subscription Fee Waiver Promotion

New User Premium Subscription Fee Waiver Promotion

Terms and Conditions

Welcome to the New User Premium Subscription Fee Waiver Promotion (the “Promotion”), offered by offered by Revolut Payments New Zealand Pty Ltd (ABN 89 645 171 651) (“Revolut”, “we”, “our” or “us”).

The terms and conditions of the Promotion are set out below. These Promotion Terms must be read in conjunction with the offer communications provided by us to you (the "Promotion Offer"). Together, the Promotion Terms and the Promotion Offer govern the Promotion, in addition to the other terms and conditions that apply to you as a customer of Revolut, including the Personal Terms, Fees and Charges Section and the Premium and Metal Terms.

Promotion Period

For Eligible Customers (defined below) the Promotion commenced at the time the Promotion Offer is received and ends at 11:59pm UTC on the date set out in the Promotion Offer (the “Promotion Period”).

What is the Promotion?

The Promotion is an opportunity for Eligible Customers to sign up to a 12 month Revolut Premium subscription plan and have the subscription fee waived for the first month (the “Premium Subscription Offer”).

The Revolut Premium subscription plan has a contractual term of 12 months. This means that you are signing up to a 12 month plan and that after the Premium Subscription Offer ends you will remain on the Revolut Premium subscription plan (payable monthly). Following the expiry of the Premium Subscription Offer you agree to pay the normal monthly subscription fee as set out in the following Subscription Fee Table.

Subscription Fee Table

Please refer to the Fees and Charges Section for more information on the limits, fees and charges associated with the Revolut Premium subscription plans.

Please refer to the section below "What happens if I cancel my paid subscription after claiming my Premium Subscription Offer?" for details of any applicable cancellation costs that may apply.

Who is eligible to participate in the Promotion?

In order to participate in the Promotion you must be an Eligible Customer of Revolut. An “Eligible Customer” is defined as a customer that during the Promotion Period has:

• downloaded the Revolut app;
• personally received communications from Revolut inviting you to participate in the Promotion;
• applied for a new Revolut Standard account;
• passed Revolut’s ‘Know Your Customer’ checks and been onboarded; and
• not previously closed a Revolut account or had an account become suspended or restricted.

How do I claim this Promotion?

Eligible Customers will have two opportunities to claim the Premium Subscription Offer:

At Onboarding

Eligible Customers will be prompted to claim the Premium Subscription Offer at the time of onboarding.

After Onboarding

Eligible Customers will receive an in-app notification containing the Premium Subscription Offer. The notification will include instructions on how to upgrade your Revolut account.

Eligible Customers will have 72 hours to participate in the Premium Subscription Offer after receiving the in-app notification, even if the 72 hour period expires after the end of the Promotion Period.

What happens if I cancel my Paid Plan after the Fee Waiver Period?

If you cancel or downgrade your plan after claiming the Premium Subscription Offer, the fees set out in the Cancellation Costs Table below will apply.

Please be aware that if you order a Revolut Card during your Premium Subscription Offer period and then cancel your subscription plan before your Premium Subscription Offer period ends, you will be charged the card delivery fee. For this reason, we recommend only ordering a Revolut Card after you decide to keep the plan for the full 12 month term.

Any amounts that have already been paid will not be refunded. For example, if you order additional Revolut Cards beyond your plan’s card allowance you will not receive a refund for those additional cards.

Cancellation Costs Table

*Please see the Fees and Charges Section for more information on notice periods.

What else should I know?

Revolut reserves the right to change, modify and/or supplement these Terms from time to time if necessary to protect our legitimate interests. If we exercise this right in a way that is detrimental to you in your capacity as an Eligible Customer, we will provide you with: a) reasonable notice where possible; and b) if applicable, the opportunity to close or downgrade your Revolut account at no cost. Please contact Customer Support if you believe you qualify for a particular benefit in relation to the Promotion that has not been awarded to you as a result of this early suspension or termination.

If we have reasonable grounds to believe that you have engaged in any fraud or material abuse of this Promotion (such as for example attempting to obtain an unfair advantage through deception) we may in our sole discretion take any actions we see fit in the circumstances.

In the event of any inconsistency between the Promotion Offer and these Promotion Terms, these Promotion Terms will prevail.

If you want to bring a claim against us in the courts, the laws of New Zealand will apply and only the courts of New Zealand will be able to deal with any matter relating to these terms and conditions.