What is this Promotion about?
As part of the Revolut Business x F1 Prize Promotion (the “Promotion”), Revolut Technologies Singapore Pte Ltd is offering prospective customers in Singapore an opportunity to sign up for a Revolut Business account for the first time and add money to their account in order to win the F1 Prize if they are the 10th customer to sign up for a Revolut Business Account during the Promotion Period (the “F1 Prize”).
You can find the period for which the Promotion runs specified on the landing page which will be sent to you via email if you had signed up to be contacted by Revolut (the “Promotion Period”).
These terms (the “Promotion Terms”) set out the rules that apply to this Promotion, and you must comply with them and the terms that apply to your Revolut Business account at all times when participating in this Promotion.
What is the F1 Prize?
- 2-day Singapore race tickets for two (2) people, worth €850 (approximately S$1465)
What do I need to do to take part in this Promotion?
To be eligible for this Promotion, you must:
- have a registered address in Singapore,
- be at least 18 years of age; and
- not have or have previously held a Revolut Business account with any Revolut group entity.
How do I win the F1 Prize?
If you meet the eligibility criteria above, you must also complete the steps outlined below, in order to win the F1 Prize:
- Download the Revolut Business app using the unique link provided by Revolut Business through your email address.
- Follow the steps highlighted in the landing page for opening a Revolut Business account and successfully complete our Know Your Business (“KYB”) checks.
- Add at least S$0.01 to our business account.
- You must complete all of the above steps by the end of the Promotion Period highlighted in the unique link sent by Revolut Business to your email address in order to be eligible to participate in the F1 Prize draw.
- In addition to all the steps above, you must also be the 10th person to sign up for a Revolut Business account within the Promotion Period. The 10th successful applicant to sign up for a new Revolut Business account (please note that you must not have previously held any Revolut Business account in order to be considered to sign up for a new Revolut Business Account) will be determined by Revolut Business in its sole and absolute discretion.
- If you are the 10th person to sign up for a Revolut Business Account during the Promotion Period and have won the F1 Prize, Revolut Business will send a confirmation email to you after the selection of the Winner about F1 Prize updates; and
- You acknowledge that once submitted, the registered email address provided cannot be amended and Revolut Business will not be able to re-issue or refund any cash award(s) already transferred to the relevant Revolut Business Account should the email address provided be in error.
If a winner of the F1 Prize is disqualified for any reason including due to ineligibility or failing to comply with any of these Terms, then another winner will be selected instead.
What other legal information should I know?
- We may suspend or end the Promotion early if, in our reasonable opinion, it is being abused or may negatively affect Revolut’s goodwill or reputation. We may do this on an individual or promotion-wide basis.
- We can cancel this Promotion, or change these Promotion Terms at any time without notice. If we do, we will try to give you notice in the same way we announced this Promotion.
- 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, including reversing the F1 Prize. We will consider any reversal to have been done with your consent and the payment to have been authorised by you.
- If your Revolut Business account is suspended, closed or restricted before you receive the F1 Prize, you will lose your entitlement to it.
- Events beyond the control of Revolut may also occur that render the awarding of the F1 Prize 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.
- 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 Singapore. It is 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.
- If you sign up to Revolut Business as part of this Promotion, Revolut will process your business data in compliance with our Customer Privacy Notice that applies to your Business account.
- 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 English language version of these Promotion Terms shall apply and prevail and be conclusive and binding. The English version shall be used in any legal proceedings. If, however, by law the local language should be used, the local language version will prevail.
- To the extent permitted by law, these Terms shall be exclusively governed by and construed in accordance with the laws of Singapore. Any disputes arising out of or in connection with these terms shall exclusively be submitted to and dealt with by the competent court in Singapore.