Salary Deposit Promotion
What is this Promotion about?
As part of the Salary Deposit promotion (the “Promotion”), Revolut Bank UAB acting via its branch in Spain (our “Spain Branch”) is offering Personal customers residing in Spain the opportunity to receive a Metal paid plan with no monthly subscription fee for up to either:
- a maximum of 6 consecutive months for existing clients; or
- a maximum of 12 consecutive months for new clients
(both periods of 6 and 12 consecutive months referred to as the “Benefit Period”)
upon meeting the “Eligibility Criteria” and completion of the “Required Steps” listed below. For the purposes of this Promotion, an "existing client" is a user who opened a Revolut Personal account before the start of the Promotion Period. A "new client" is a user who opens a Revolut Personal account for the first time on or after the start of the Promotion Period.
These terms and conditions (the “Promotion Terms”) set out the rules that apply to this Promotion. When participating in this Promotion, you must comply with these Promotion Terms, as well as:
- the terms and conditions that apply to your Revolut Personal account;
- the Fees Page relevant to your Revolut Personal account;
- the terms and conditions and related documents that apply to your Instant Access Savings Account, where applicable;
- the Paid Plan Terms.
This Promotion starts on the day you receive an invitation email from us and will run as follows:
- Each Promotion Period lasts for 60 days from the date of the invitation email.
- You may receive multiple invitation emails, and each will trigger a new and separate Promotion Period.
(the “Promotion Period”)
To participate in the Promotion, you must:
- accept the “Promotion Terms” within a Promotion Period; and
- Have at least 1.200 Euros in salary payments deposited into your Revolut account from a non-Revolut bank account not in your name, within the Promotion Period. We will only honor salary deposits made after you accept the Promotion Terms.
Any actions taken outside of a Promotion Period will not be valid for the purposes of this Promotion.
To take part in this Promotion, you must meet the Eligibility Criteria and complete the following Required Steps (both set out below).
Who is eligible for this Promotion?
To participate in this Promotion, you must meet the following “Eligibility Criteria”:
- you must have received an invitation email directly from us and/or communications within the app inviting you to participate in this Promotion;
- have a residential address in Spain;
- not have benefited from the Promotion in the past;
- have a Revolut Personal account with the Spanish Branch;
- be on app version 10.88 (or higher); and
- not have topped up your Revolut account with at least 1.200 Euros from non-Revolut bank accounts not in your name, in the last 31 days before you opted-in to this Promotion.
What do I need to do to participate & get the paid plan?
You must also complete the following “Required Steps” before the end of the Promotion Period:
- Opt in to this Promotion either by engaging with any promotional communication we provide (including email, push notification, in-app inbox message, or banner), or by going to your Profile page in the Revolut app and clicking ‘Get Metal’. Both routes will direct you to a screen displaying the Promotion details, where you will be required to accept these Promotion Terms by selecting ‘Opt-In’. We may make additional opt-in routes available within the Revolut app; and
- Top up your Revolut Personal account with at least 1.200 Euros in one or more deposits every month during the Benefit Period (i.e. 6 months for existing clients and 12 months for new clients). The deposits must be made via bank transfers from non-Revolut bank accounts not held in your name (“Salary Deposit”).
More detail on the Benefits
Free Paid Plan
You will receive a Metal paid plan each month of the Benefit Period, for the months where you top up your account with a Salary Deposit. This entitles you to all the plan benefits that are received as part of the Metal paid plan for the Benefit Period (full list of plan benefits can be found in the plan hub in the Revolut app). There is no paid plan subscription fee cost incurred as part of this plan, as long as you continue to meet the relevant Eligibility Criteria and Required Steps during the Benefit Period.
You can downgrade your plan for free at any point during the Benefit Period.
What happens if no further Salary Deposits are made?
If, after completing the Required Steps for the first month, a Salary Deposit is not made in the next monthly cycle, you will be given a 30 day grace period to keep your free Metal paid plan. This is to account for monthly variations in salary deposit date.
What happens when my Benefit Period ends or when the 30-day grace period ends?
- Metal Paid Plan: after the 30 day grace period expires without further Salary Deposits or once your Benefit Period ends (whichever occurs sooner), you will automatically remain on the regular Metal paid plan unless you tell us otherwise. This means that you will be charged the current monthly price of the plan at the start of your next billing cycle.
- Withdrawal right: if you remain on the regular Metal Paid Plan, you have 14 days to downgrade to any other plan of your choice, including the standard plan, and without having to indicate any reason. This is called your “Withdrawal Right”. Your 14-day Withdrawal Right runs from the day following the day on which your 30-day grace period or your Benefit Period expired (whichever occurred sooner). To exercise your Withdrawal Right, you must let us know through the Revolut app or by emailing us at support@ravolut.com. After your Withdrawal Right has expired, typical plan cancellation rules will apply (see Paid Plan Terms).
What other legal information should I know?
- This Promotion is organised and offered to you by Revolut Bank UAB acting via its Spanish Branch, with registered address in Madrid, calle Príncipe de Vergara 132, 28002.
- We may change, suspend or end the Promotion at any time, if there are reasonable grounds to believe that in our reasonable opinion,the Promotion is being abused or may negatively affect Revolut’s goodwill or reputation, or due to unforeseeable circumstances and make it impossible for us to run the Promotion. We may suspend or end the Promotion on an individual or Promotion-wide basis.
- 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 try to give you notice through email. Any changes to the Promotion Terms will not affect your rights if you have already participated in the Promotion.
- We reserve the right to retroactively charge you the regular Metal paid plan fee you did not pay during the Benefit Period: (a) if you participate in the Promotion fraudulently, (b) if you breach the terms that apply to your Revolut account , or (c) if we become aware you were not compliant with these Promotion Terms.
- 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.
- If you close your Revolut Personal account or your account becomes suspended or restricted before we were due to award you the Benefits or between the time of qualifying for the Benefits and receiving it, you will lose your entitlement to it.
- 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.
- These Promotion Terms are published in English and Spanish. The Spanish version will prevail over the English version and will be used in any legal proceedings.
- These Promotion Terms are entered into in Spain on the day on which you accept them. English or Spanish will be used for the performance of the Promotion Terms.
- These Promotion Terms are governed by Spanish law. However, you can always rely on the mandatory rules of the EEA country in which you reside. Legal action can only be brought to the courts of Spain or of the EEA country in which you reside.
- Any concerns or complaints can be raised via the in-app chat. If you prefer, you can make your complaint using our online form. Or you can email us at formalcomplaints@ravolut.com. For more information about how we handle complaints, see our Complaints Policy.
- You can withdraw from these Promotion Terms free of charge and without having to indicate any reason within the first 14 days of confirming participation by letting us know through the Revolut app or by emailing us at support@ravolut.com, provided that the Promotion is not yet fully executed or has not ended.