General Partner Promotion Terms - Exemption Fee and Cash Award

What is this Promotion about?

As part of the Revolut x Partner Fee Exemption & Cash Award Promotion (“the Promotion”), Revolut is offering prospective customers of Revolut Bank UAB in Portugal (the “EligibleCountry”) the opportunity to sign up for a Revolut Personal account for the first time using a link or a code provided by an affiliated Revolut partner, like a YouTuber, Instagrammer or podcaster (the “Partner”) and receive:

1. A fee exempt Revolut account subscription plan (the “FeeExemptionOffer”) for a limited time (FeeExemptionOfferPeriod); and
2. A Cash Award on your Revolut account (the “CashAward”).

This Promotion runs for an indefinite period of time, but Revolut has the right to terminate it at any time. Termination of this initiative will not affect your rights, if you have already participated in the Promotion. The details of the subscription plan and Cash Award amount will be clearly set out in the Partner’s app and/or on the Partner’s website and/or on their social media as well as on the Revolut page when you click on the unique link for the Promotion (the “Landingpage”).

You acknowledge and understand that essential details governing each individual “Revolut x Partner Fee Exemption & Cash Award Promotion” will be provided in the Landing page, and the current terms and conditions (the “PromotionTerms”) provide a general framework within each Revolut x Partner Fee Exemption & Cash Award Promotion. Customers based in the Eligible Country will be eligible for the Fee Exemption and Cash Award, as long as they are an Eligible Participant and complete the Required Steps.

The Promotion Terms, along with the Landing page, set out the rules that apply to the Promotion, and you must comply with these Promotion Terms and also the Personal terms that apply to your Revolut account and Paid plan terms and Fees pages relevant to your offered subscription plan at all times when participating in the Promotion.

What do I need to do to take part in the Promotion?

To be considered an “Eligible Participant” for this Promotion, you must:

• Have a residential address in Portugal;
• be at least 18 years of age;
• not have or have previously held a Revolut Personal account with any Revolut group entity; and
• Either receive marketing directly from the Partner about the Promotion or see the Promotion marketed in the Partner’s app and/or on the Partner’s website and/or on their social media so you can follow the below steps to benefit from the Promotion (you will only receive an email/SMS/push notification from the Partner if you have already provided your personal data to the Partner and are happy for the Partner to send marketing to you).

You must also complete the following “RequiredSteps” :

• Click on the unique link for the Promotion provided by Partner and provide your phone number. Once you have provided your phone number, you will be directed to the Revolut app sign up flow for a Revolut Personal account;
• Successfully open a Revolut Personal account for the first time through the Promotion unique link; and
• Top up your Revolut account and spend a certain amount in total on your Revolut physical or virtual card within 1 month of opening your Revolut account. The amount you need to spend, will be confirmed in the Landing Page.

You must use the Promotion unique link provided as part of this Promotion to sign up for a Revolut Personal account. If you sign up using the normal account opening process in our app, you will not be able to take part in this Promotion.

What is the Fee Exemption Offer?

During the Fee Exemption Offer Period we will not charge you the fee of the subscription plan you are being offered.

How long is the Fee Exemption Offer Period?

We will exempt you from paying the subscription fee of the Paid Plan account you have opened for 2 months since you have accepted the Fee Exemption.

How do I start my Fee Exemption Offer Period?

To start your Fee Exemption Offer Period, you will need to complete the steps to upgrade your Revolut account to the subscription plan you are offered as part of the Fee Exemption Offer within 72 hours of your Revolut account being successfully opened.

Just so you know, the Paid plan terms will apply to you during your Fee Exemption Offer Period. We will not charge you the subscription fee for the period of time included in your Fee Exemption Offer Period. When your Fee Exemption Offer Period ends, normal cancellation and billing rules will apply and we’ll start taking payments for your subscription either monthly or yearly depending on what you agreed to when you signed up for the paid plan.

Right to cancel

You have the right to cancel your subscription plan within the Fee Exemption Offer Period, after which normal cancellation rules will apply. Depending on the Revolut group entity that provides you with your Personal account, this could mean that normal fees for downgrading your Paid Plan subscription will apply or that you are bound by a minimum term during which you cannot downgrade (see sections 11 and 12 of the Paid Plan Terms for more information).

Termination of your account is subject to the rules set on your Personal terms.

Physical Revolut card

You can order one Revolut card free of charge during your Fee Exemption Offer Period. However, if you decide to cancel your subscription during your cooling off period, you will have to pay us the fee for the delivery of the card and the card itself if you ordered a “Metal” or “Ultra” card. You may also have to pay a card delivery fee and a fee for the card itself if you order any additional Revolut card.

Please refer to the Fees page to see the fees associated with card delivery and any fees for the card itself”.

How do I get my Cash Award?

If you are an Eligible Participant and complete the Required Steps, once you have spent the minimum amount applicable to you using your virtual or physical Revolut card within 1 month of opening your Revolut account, the Cash Award will be credited to your Revolut account. We’ll credit your Revolut account with the Cash Award within 3 business days of you reaching the minimum amount.

What other legal information should I know?

1. We may change or suspend the Promotion if the Promotion is being abused, may negatively affect Revolut’s goodwill or reputation or due to unforeseen events that make it impossible to continue the Promotion. We may do this on an individual or promotion-wide basis. If that happens, we’ll tell you in the same way the Promotion was announced, and we’ll give you 5 days prior notice by email. Any changes to the Promotion Terms will not affect your rights, if you have already participated in the Promotion, but you can also decide to terminate your participation.
2. Revolut will not be liable for any loss, whether directly or indirectly suffered, as a result of an event outside of its control and that is not due to fault or gross negligence which means we are unable to continue running the Promotion as planned as a result of an event referred to in the preceding paragraph. Please contact 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 early suspension or termination.
3. By participating in this Promotion, you confirm that you understand that any benefit you receive as part of this Promotion may be subject to local income tax in the country of your residence and/or in the local territory where you are tax resident. It is entirely your responsibility to pay any tax which may arise from receiving any benefit. Revolut will bear no liability for any tax obligations which may arise from receiving any benefit as part of this Promotion.
4. We reserve the right to reverse any Cash Award you receive under this Promotion if the payments contributing to the minimum amount required for the Cash Award are refunded to you, you earned the Cash Award fraudulently, if you breach the terms that apply to your Revolut account in order to get the Cash Award, or if we become aware you were not compliant with these Promotion Terms. We will consider the reversal of any Cash Award to have been done with your consent and the payment to have been authorised by you.
5. If you close your Revolut account or your Revolut account becomes suspended or restricted before we were due to credit your Revolut account with the Cash Award or between the time of qualifying for the Cash Award and Fee Exemption Offer Period that you were entitled to under the Promotion, you will lose your entitlement to the Cash Award and Fee Exemption Offer Period.
6. 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):

• Your Fee Exemption Offer Period will end immediately, and you will be charged (a portion of) the applicable Paid Plan subscription fees corresponding to the period of time used until your Fee Exemption Offer Period ended; and/or
• Your Cash Award will be reverted.

7. 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 the Promotion, Revolut will process your personal data in compliance with our Customer Privacy Policy.

8. These Promotion Terms are published in English and any translation is a courtesy and an unofficial translation only. Participants of the Promotion cannot derive any rights from the translated version. The Portuguese version of these Promotion Terms shall be used in any legal proceedings.

This Promotion is organised and offered to you by the Revolut group entity that provides you with your Personal account. If you have a complaint about this Promotion, you can raise it directly with this entity. Please see below for the registered addresses of each Revolut group entity, prevailing language and the relevant laws and courts that have jurisdiction to determine any dispute you may have in relation to this Promotion. You can also rely on the mandatory consumer protection rules and law of the country where you live.