Stash It Forward Program
Effective as of May 13, 2021 (the “Effective Date”)
The Stash It Forward Program (the “Program”) is a promotional referral program offered by Stash Investments LLC (“Stash”) where existing Stash customers may be rewarded for referring their friends to Stash. The Program is subject to the terms and conditions stated herein (the “Program Terms”) as well as the specific terms that correspond with the invitation and referral link you use to invite your friends to participate hereunder. To qualify for the cash bonuses or stock rewards described below, your referee friend must open a Qualifying New Personal Portfolio (as defined below) or a Qualifying New Banking Account (as defined below) in accordance with these Program Terms. By choosing to participate in the Program, you are accepting and agreeing to these Program Terms. These Program Terms form an agreement between you and Stash with respect to the Program. You should read these Program Terms carefully.
To be eligible to participate in this Program and receive cash bonuses or stock rewards, you must satisfy the following requirements:
(i) you must have an individual taxable brokerage account advised by Stash that is in good standing (a “Personal Portfolio”),
(ii) you must send a designated referral invitation to a referee friend in accordance with these Program Terms, and
(iii) your referee friend must complete the designated registration process for opening a Qualifying New Personal Portfolio or a Qualifying New Banking Account by interacting with the link included in your referral invitation.
To constitute a “Qualifying New Personal Portfolio” hereunder, your referee friend must (i) complete the designated registration process for opening a Personal Portfolio by using the special designated referral link included in your invitation, (ii) link a funding source (e.g. an external bank account) to their Personal Portfolio, and (iii) initiate and complete a minimum deposit of at least one cent ($0.01) from their funding source into their Personal Portfolio.
To constitute a “Qualifying New Banking Account” hereunder, your referee friend must (i) complete the designated registration process for opening a Stash banking account powered by Green Dot Bank, Member FDIC that is in good standing (a “Stash Banking account”) by using the special designated referral link included in your invitation, (ii) link a funding source (e.g. an external bank account) to their Stash Banking account, and (iii) initiate and complete a minimum deposit of at least one cent ($0.01) from their funding source into their Stash Banking account.
For the avoidance of doubt, in the event you or your referee friend only complete the designated registration process to receive the Financial Counseling Service (if applicable, as such term is defined in your Advisory Agreement) from Stash, or you or your referee friend do not otherwise complete the designated registration process for opening a Personal Portfolio or a Stash Banking account (as applicable) in accordance with these Program Terms, you or your referee friend will not be eligible to participate in this Promotion. For purposes of this program, a deposit of funds shall be considered complete once the transaction has fully settled in an account .
Stash and/or Green Dot Bank reserve the right to determine in our/its sole or joint discretion whether an account is closed and/or in good standing. An account in good standing for purposes of this Program is an account for which all required account opening documentation has been completed and verified, and is not locked, or restricted, or otherwise flagged in any way. If either account is closed or not in good standing for any reason at any time, any cash bonuses or stock rewards awarded hereunder will be forfeited.
A Stash Banking account opened hereunder is subject to approval by Green Dot Bank, Member FDIC. The applicant must pass Green Dot Bank’s customer identification procedures and otherwise be approved by Green Dot Bank for a Stash Banking account, and the applicant must agree to electronic delivery of disclosures, Green Dot Bank’s deposit account agreement, and any other account opening documentation required for opening a Stash Banking account. There is no guarantee that an applicant will be approved to open a Stash Banking account.
Cash Bonuses & Stock Rewards
Subject to these Program Terms, after your referee friend opens either a Qualifying New Personal Portfolio or a Qualifying New Banking Account, whichever occurs first, Stash will compensate you and your referee friend in the form of either a cash bonus or a stock reward (as described below). At the time you send a designated referral invitation to any your referee friends, you and your referee friend will receive a unique offer message directly from Stash that will include the type of compensation (e.g. a cash bonus or a stock reward) and the exact amount of such compensation that you and your referee friend will be eligible to receive. The maximum amount of compensation that you may be rewarded under this Program, in the aggregate, either in the form of cash bonuses or stock rewards is $500 per calendar year, which shall be calculated by Stash in its sole discretion.
If you and your referee friend are offered a cash bonus from Stash, then upon your referee friend opening either a Qualifying New Personal Portfolio or a Qualifying New Banking Account, whichever occurs first:
The actual amount of each cash bonus will vary within the thresholds noted above and will be specified in an offer message from Stash to you and your referee friend.
For the avoidance of doubt, in the event you and your referee friend are offered a cash bonus and your referee friend opens up both a Qualifying New Personal Portfolio and a Qualifying New Banking Account in accordance with these Program Terms, Stash will only deposit one cash reward into your Personal Portfolio, and only one cash reward into your referee friend’s Qualifying New Personal Portfolio, in the amount specified in the offer.
Any cash bonus deposited by Stash hereunder is a fixed cash value and does not constitute stock or any other security, nor is it a recommendation to buy any specific stock or other security. The value of any cash bonus awarded hereunder may be taxable income to you. You are responsible for any federal or state taxes resulting from receipt of a cash bonus. Please consult your tax advisor if you have questions about the tax treatment of a cash bonus. Each cash bonus must remain in your Personal Portfolio for ninety (90) days beginning from the date the cash bonus is deposited in such account and for the entirety of the 90-day period , which shall be determined by Stash in its sole discretion .
The term “ stock reward ” hereunder means a fractional or whole share of stock of a certain publicly-traded company and/or exchange-traded fund (“ETF”) that Stash offers to you and your referee friend as a form of compensation under this Program.
If you and your referee friend are offered a stock reward, then upon your referee friend opening either a Qualifying New Personal Portfolio or a Qualifying New Banking Account, whichever occurs first, the following will apply:
In order to accept a stock reward hereunder, you must claim your stock reward by completing the interactive instructions on the Stash Platform (as defined below) within seven (7) calendar days from the date that your referee friend opens either a Qualifying New Personal Portfolio or a Qualifying New Banking Account, whichever occurs first (“Offer Period”). If you fail to claim a stock reward during any Offer Period, you will forfeit that specific stock reward and Stash will instead deposit a $20 cash bonus into your Personal Portfolio. Stash reserves the right to determine whether you’ve claimed a stock reward hereunder, and may reward any such replacement cash bonuses in its sole discretion. Any cash bonuses that replace a stock reward remain subject to these Program Terms.
Stash will determine the list of such publicly-traded companies and/or ETFs that may comprise a stock reward in its sole discretion from all publicly-traded securities available for purchase on the Stash Platform, and may change the publicly-traded companies and/or ETFs that may comprise a stock reward hereunder from time-to-time in its sole discretion without notice to you. For the avoidance of doubt, in the event you and your referee friend are offered a stock reward hereunder, and your referee friend opens up both a Qualifying New Personal Portfolio and a Qualifying New Banking Account in accordance with these Program Terms, you and your referee friend will each only be eligible to claim one (1) stock reward (or cash bonus, as applicable), as specified in your offer.
Crediting a Stock Reward to Your Personal Portfolio
By accepting an offer to earn a stock reward hereunder, you are making a decision to invest in that specific underlying stock and you agree that it is your responsibility to review and carefully consider the stock, including the information available to you through the Stash applications and website (collectively, the “Stash Platform”) about such stock, before choosing to accept a stock reward hereunder. Neither this Program itself, nor the stock available to be earned through it, is a recommendation to buy any such specific stock. The value of any stock reward you receive may fluctuate over time due to a variety of factors. Please refer to the Stash Platform for a list of all investments that are available for purchase. Stash reserves the right to change the list of investments available on the Stash Platform at any time and from time to time in its sole discretion.
By accepting a stock reward hereunder, you are agreeing to initiate a “buy” order for such stock in the amount of your stock reward. To deliver a stock reward to your Personal Portfolio, Stash will deposit the monetary amount of your stock reward into your Personal Portfolio and automatically initiate a “buy” order for such stock in the amount of the stock reward. By accepting an offer to earn a stock reward, you are authorizing Stash to direct, and Stash Capital LLC to execute, orders to buy the specific stock offered to you. Any stock reward may take up to four (4) business days to be reflected in your Personal Portfolio. For the avoidance of doubt, you have the ability to decline the offer to earn any stock reward and receive a cash bonus instead, or the ability to subsequently sell any stock reward earned under this Program after you receive it in your Personal Portfolio, provided, however, that in each such case, the replacement cash bonus or the sale proceeds must remain in your Personal Portfolio for ninety (90) days beginning from the date the cash bonus or the stock reward is initially deposited in your Personal Portfolio and for the entirety of the 90-day period , which shall be determined by Stash in its sole discretion .
By participating in this Program, you grant Stash the limited discretionary authority required to complete the securities transaction necessary to complete the stock reward. Specifically, Stash will have discretion over the cash credited to your Personal Portfolio pursuant to these Program Terms only to the limited extent necessary to fulfill your stock reward. This discretionary authority is in addition to the limited discretionary authority you have already granted to Stash pursuant to your Advisory Agreement, as amended, that you agreed to when you opened your Personal Portfolio. Accordingly, your acceptance of these Program Terms and participation in this Program expressly amends and modifies your Advisory Agreement as of the date you accept these Program Terms, and you are hereby notified of such amendment and modification by these Program Terms.
By participating in the Program, you agree to only send referral invitations to interested people you know personally, such as friends, family and known acquaintances (“friends”), by utilizing the referral link and sharing tools provided by Stash. You may send one invite in your name to each friend you invite, and you may not share referrals with yourself. By choosing to participate in this Program, you expressly acknowledge and accept that the friends you refer will be able to tell that you sent them an invitation to participate in this Program and that you have a Stash account. Unless explicitly approved and authorized in writing by Stash, you may not make any statements to the friends you refer about Stash’s investment advisory products or services, or about your experiences as a Stash customer. You also agree not to make any statements that are untruthful, factually inaccurate, or misleading. You hereby acknowledge that any modification or efforts to bypass, manipulate, obscure or otherwise modify the delivery and accurate presentation of the referral link, sharing tools, content, disclosures or other materials and instructions we provide will be considered a violation of these Program Terms and may render you ineligible to participate in the Program. Separate program terms will apply to your referee friend’s invitation.
You agree not to publish or distribute your referral link in locations where the audience is likely to include individuals you do not know or who may not be interested in Stash, such as third party websites or platforms, including social media platforms. Stash reserves the right to refuse to offer or pay any cash bonuses or stock rewards to you if it determines that you have failed to comply with the preceding sentence.
In referring friends in accordance with these Program Terms you are acting on behalf of Stash and under the supervision and control of Stash and hereby agree to perform duties under these Program Terms in a manner consistent with the instructions of Stash. You agree to limit the information you provide in connection with the referral to the referral web page and content provided by Stash. You agree that your participation in the Program will conform to these Program Terms as well as the provisions of the Investment Advisers Act of 1940, 15 U.S.C. § 80b-1, and the rules thereunder.
Any referral invitations for this Program that either (i) were sent prior to the Effective Date where the referee friend has not as of the Effective Date created unique login credentials with Stash (e.g. username and password), or (ii) are sent on or after the Effective Date, will expire ninety (90) calendar days from the date that such referee friend creates their unique login credentials with Stash (e.g. username and password). If your referral invitation expires and your referee friend has not already created unique login credentials with Stash (e.g. username and password), then you will be eligible to send future invitations to your referee friend under this Program. If your referral invitation expires after your referee friend has already created unique login credentials with Stash (e.g. username and password), then you will not be eligible to send any future invitations to that referee friend (or earn cash bonuses or stock rewards) under this Program.
You hereby represent that: (1) you are not subject to any statutory disqualification set forth in Sections 203(e) and 203(f) of the Investment Advisers Act (or any amended or replacement regulatory provision(s)); (2) you are not currently the subject of any investigation or proceeding which could result in statutory disqualification; and (3) you do not have a “place of business” at which you regularly provide investment advisory services, solicit, meet with, or otherwise communicate with customers, or any other location that is held out to the general public as a location at which you provide investment advisory services, solicit, meet with, or otherwise communicate with customers in any U.S. state. If you cannot accurately make the preceding representations, you may not participate in the Program. If you are currently participating in the Program and the preceding representations become inaccurate, you agree to immediately inform Stash by contacting us at firstname.lastname@example.org .
Changes To These Program Terms
We may modify these Program Terms from time to time which will be indicated by changing the date at the top of this page. We will indicate that changes have been made by updating the “Effective Date” located above at the beginning of these Program Terms. If we make any material changes, we will notify you by email (sent to the email address specified in your account), by means of a notice on the Stash Platform prior to the change becoming effective, or as otherwise required by law. Notwithstanding anything herein, we do not have to provide you with prior notice of any amendments to the Program that are beneficial to you. Your continued access to or use of the Program after we make any changes to these Program Terms will be subject to the revised Program Terms, and you will be deemed to be aware of and bound by your continued access to or participation in the Program. If you do not accept any such revisions or changes, your sole and exclusive remedy is to cease participation in the Program. The Program may be canceled at any time without notice to you.
Other Program Information
The term “Stash” refers to Stash Investments LLC. Stash is not responsible for incorrect entry or other failure on the part of your referee friends to meet the standards of a Qualifying New Personal Portfolio or a Qualifying New Banking Account. You cannot earn cash bonuses or stock rewards for referring individuals who already have a Qualifying New Personal Portfolio or a Qualifying New Banking Account or for individuals who have been referred by someone else. If two or more individuals invite the same referee friend to open a Qualifying New Personal Portfolio or a Qualifying New Banking Account, Stash will credit the cash bonus or stock reward to the person whose special designated referral link was first used by that referee friend to complete their designated registration process with Stash. Tax-advantaged accounts (including Stash Retire and Stash Custodial accounts) and a Stash Smart Portfolio are not eligible as part of this Program.
Investing Involves Risk. Information shown is strictly for illustrative and educational purposes only and should not be considered a solicitation to buy, an offer to sell, or a recommendation for any security in any jurisdiction where such an offer, solicitation or recommendation would be unlawful or unauthorized. Any preliminary information provided to prospective customers prior to Stash agreeing to enter into an advisory relationship does not constitute investment advice and should not be relied on as such. Investment products, stock rewards, and services are offered by Stash, not Green Dot Bank, and are Not FDIC Insured, Not Bank Guaranteed and May Lose Value.
Your Advisory Agreement with Stash governs our investment advisory relationship with you, and Green Dot’s deposit account agreement governs your use of your Stash Banking account, and these Program Terms do not in any way amend, supersede, change or replace such agreements, which include important terms applicable to your use of Stash that continue to apply here, except to the extent otherwise expressly prescribed hereunder. You may view our Wrap Fee Brochure, Green Dot’s deposit account agreement, and your Advisory Agreement at https://www.stash.com/disclosurelibrary . This Program is not valid with any other offers and is non-transferrable. Program available to U.S. residents only. If you violate these Program Terms in any way, Stash reserves the right in its sole discretion to remove you from the Program or deny any cash bonuses or stock rewards awarded hereunder. The Program is void where prohibited by law. Other restrictions may apply.
Bank 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 also operates under the following registered trade names: GoBank, GO2bank 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 allowable up to the limits. Green Dot is a registered trademark of Green Dot Corporation. © 2021 Green Dot Bank. All rights reserved. This Program is not sponsored or endorsed 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 aspect of this Program.
If, for any reason, this Program is not capable of running as planned, whether due to infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond the control of Stash which corrupts or affects the administration, security, fairness, integrity, or proper conduct of this Program, Stash reserves the right in its sole discretion, to disqualify any individual who tampers with this Program, and to cancel, terminate, modify or suspend this Program. In the event of termination, Stash may in its sole discretion award cash bonuses or stock rewards (as applicable) to those who have satisfied the eligibility criteria set forth herein up until the time of termination. Stash assumes no responsibility for any error, omission, interruption, deletion, defect, delay in operation or transmission, communications line failure, theft or destruction or unauthorized access to, or alteration of, this Program. Stash is not responsible for any problems or technical malfunction of any telephone network or lines, computer online systems, servers, or providers, computer equipment, software, failure of any e-mail or entry to be received by Stash on account of technical problems, human error or traffic congestion on the Internet or at any web site, or any combination thereof, including any injury or damage to any person’s computer related to or resulting from participation in this Program.