Promotion terms

Revolut x Taxdown Promotion

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What is this Promotion about?

Revolut and TaxDown are offering:

  • For Revolut prospective Personal customers residing in Spain the opportunity to receive a cash reward of 20 EUR, (the “Cash Award”) if they open a Revolut Personal Account through the link provided by TaxDown and
  • For both Revolut prospective and existing Personal customers residing in Spain, the opportunity to receive a TaxDown’s FREE PRO Plan for the first 5,000 clients that apply for it and a discount of 40% in any TaxDown’s Plan for the rest (the “TaxDown Subscription Offer”) for the tax campaign 2024.

These terms and conditions (the “Promotion Terms”) set out the rules that apply to the Promotion, and you must comply with these Promotion Terms and also the terms and conditions that apply to your Revolut Personal account at all times when participating in the Promotion.

To take part in this Promotion, you must meet the eligibility criteria and complete the required steps set out in these Promotion Terms between 02/04/2025 (00:00 UTC) and 30/06/2025 (23:59 UTC). We call this the “Promotion Period”.

Who is eligible for this Promotion?

To be considered an “Eligible Participant” for this Promotion you must meet the following “Eligibility Criteria”:

  • have a residential address in Spain;
  • not have or have previously held a Revolut Personal account with any Revolut group entity (Criteria only applicable for the receipt of the Cash Award);
  • receive an email and/or push and/or see an in-app invitation from Revolut and/or receive an email and/or push and/or marketing from TaxDown our selected “Merchant Partner” .

You will also need to complete the “Required Steps” before the end of the Promotion Period:

  • Click on the unique link provided by the Merchant Partner. This unique link will redirect you to Revolut’s website where you will need to provide your phone number in order to be directed to the sign up flow for a Revolut Personal account.
  • Successfully open a Revolut Personal account for the first time through the Promotion unique link or QR code (Step only applicable for the receipt of the Cash Award).
  • Make your first card payment of at least 20 EUR (Step only applicable for the receipt of the Cash Award).

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 benefit from the Cash Award.

Your first card payment can be made using a physical or virtual Revolut card linked to your Revolut Personal account. It must be a genuine purchase (for example, transactions to payment service providers, other bank accounts and e-wallets will not be genuine).

How do I get my Cash Award?

The Cash Award will be credited to your Revolut Personal account within one business day of the first Revolut card payment transaction completing. The Cash Award will be of 20 EURO.

How do I start my TaxDown Subscription Offer?

If you are an Eligible Participant and have completed the Required Steps within the Promotion Period, you will be eligible for a Taxdown Subscription Offer.

You will have to register with TaxDown through the Landing Page within the Promotion Period in order to get the TaxDown Subscription Offer. If you are one of the first 5,000 clients doing so, you will get the FREE PRO plan. If you register after the first 5,000 clients, you will get a 40% discount on any Taxdown plan.

The applicable terms and conditions for the TaxDown plan applicable to you will apply to you during your TaxDown Subscription Offer. Please ensure you are aware of the terms and conditions and any charges that are applicable to your TaxDown account.

On the expiry of your TaxDown Subscription Offer, your TaxDown plan will be renewed. If you wish to continue using your TaxDown Plan, you will need to pay the relevant charges for the subscription to TaxDown in line with their terms and conditions.

What other legal information should I know?

  1. We may change, suspend or end the Promotion earlier than the end date we’ve mentioned above if, in our reasonable opinion, the Promotion is being abused or may negatively affect Revolut’s goodwill or reputation. We may do this on an individual or promotion-wide basis.
  2. If we need to change, suspend or end the Promotion before the end of the Promotion Period, we will announce this in the same way the Promotion was announced and, where possible, we will give you notice through an email, push notification and/or in-app Inbox message. Any changes to the Promotion Terms will not affect your rights, if you have already participated in the Promotion.
  3. Revolut will not be liable for any loss, whether directly or indirectly suffered, as a result of an event outside of its control which means we are unable to continue running the Promotion as planned. 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.
  4. We reserve the right to reverse the Cash Award during the Promotion Period if the payment that earned you the Cash Award is refunded to you, you earned the Cash Award fraudulently, if you breach the terms that apply to your Revolut Personal 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 Personal account or your account becomes suspended or restricted before we were due to credit your account with the Cash Award or between the time of qualifying for the Cash Award and receiving it, you will lose your entitlement to it.
  6. Revolut needs to process your personal data to perform our obligations under these Promotion Terms. For more information about how we handle personal data, see our Customer Privacy Notice. TaxDown may also collect personal data about you in connection with this Promotion. See TaxDown's privacy notice for more details about how they will handle your personal data. TaxDown will also send any marketing content to you in compliance with applicable data privacy and direct electronic marketing laws. If you do not want to receive marketing from TaxDown you must manage your marketing preferences with TaxDown directly as this is outside of Revolut’s remit.
  7. These 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 terms shall apply and prevail and be conclusive and binding. The Spanish version shall be used in any legal proceedings. If, however, by law the local language should be used, the local language shall prevail.
  8. This Promotion is organised and offered to you by Revolut Bank UAB, Sucursal en España, with tax ID W0250845E, duly registered with the Commercial Registry in Madrid under Volume 44863, Sheet 1, Section 8, Page M-789831 and with the Bank of Spain under number 1583. Its address is at Príncipe de Vergara 134, 4 planta, 28002, Madrid (Spain).If you have a complaint about this Promotion, you can raise it directly with them.
  9. The law applicable to these Promotion T&Cs is the Spanish one and the Courts with jurisdiction to deal with any claim are the Spanish ones.
  10. Please note that any payment under this Promotion is subject to IRPF as income from movable capital subject to withholding tax (in accordance with the applicable legislation and without prejudice to the provisions of the provincial tax regimes). You, when receiving such payments, must declare a yield of movable capital in your savings taxable base determined by the full amount received, and you can deduct from the tax liability the withholding on account practiced. The total amount of the payment will be the amount communicated in the promotion invitation received in the app plus the amount of tax that we are obliged to withhold. A 19% income tax withholding is made on this amount, which results in the net amount paid.