Zurp Promotional Referral Program Terms

Effective as of: 5/22/2023
Last Updated: 8/30/2023

Invite Your Friends

The following terms and conditions (the “Promotional Referral Program Terms”) apply to participation in Zurp Inc.’s (“Zurp”) Promotional Referral Program (the “Promotional Referral Program”), a promotional referral program that allows a limited number of select new and existing customers with a current personal Zurp Account (“Eligible Referrers”) to refer a friend to open their own personal Zurp Account to receive a one-time 10,000 point bonus (a “Point Bonus”) and/or (depending on the active promotion at the time) a 0.50% Annual Percentage Yield (APY) increase over the then-applicable standard APY (a “Promotional Boost”) on the balance in your respective Zurp Cash Accounts (each a “Cash Account”) for three months (on up to a maximum balance of $250,000 (the “Maximum Balance”)), if the applicable requirements set forth below are satisfied. When an Eligible Referrer refers a friend who is a new first-time Zurp customer (i.e., who has never opened or held any Zurp account but is eligible to do so) via one of these methods (an “Eligible New Customer”), the Eligible Referrer and Eligible New Customer can each earn a Promotional Boost and Point Bonus, subject to the Program Terms stated herein. By choosing to participate in Zurp’s Promotional Referral Program, the Eligible
Referrer and the Eligible New Customer agree to all Program Terms and Information.

Eligibility

To be eligible to participate in this Program, you must be an active Eligible Referrer and not in default, as defined by the terms & conditions. Accounts that are suspended or are flagged for insufficient balances or improper use will not be considered eligible to participate in this Program.

Program Terms

The following terms and conditions apply to participation in Zurp’s (“Zurp”) Promotional Referral Program (the “Promotional Referral Program”). Under this program, you and a friend can each receive a one-time 10,000 point bonus (a “Point Bonus”) and/or 0.50% APY increase over the then-applicable standard APY, depending on the available promotion at the time and respective to each APY category offered (a “Promotional Boost”) on the balance in your respective Zurp Cash Accounts (each a “Cash Account”) for three months (on up to a maximum balance of $250,000 (the “Maximum Balance”)), if the applicable requirements set forth below are satisfied.

To refer a friend through this program, you must send a referral by clicking the “Invite your friends” button in the Zurp app, and/or sharing the specific hyperlink with your friend directly. When an Eligible Referrer refers a friend who is a new first-time Zurp customer (i.e., who has never opened or held any Zurp account but is eligible to do so) via one of these methods (an “Eligible New Customer”), the Eligible Referrer and Eligible New Customer can each earn a Point Bonus and/or a Promotional Boost.

For an Eligible Referrer to earn a Promotional Boost (a “Referrer Boost”) and/or a Point Bonus, the following requirements below have to be completed (the “Requirements”):

Eligible Referrer needs to refer an Eligible New Customer via one of the methods described above
The Eligible New Customer must fill out a complete application and be approved for a personal Zurp Account after following the hyperlink in the invitation (i.e. the Eligible New Customer must navigate to Zurp’s Account sign-up flow and must be approved)
The Eligible New Customer must receive a Qualified Deposit¹ of at least $100.00 into their new Zurp Account within 30 days after account opening²
The Qualified Deposit must have been posted and settled to the Referral’s account within 45 calendar days of account opening date²

The Eligible Referrer will begin receiving the Point Bonus and/or Referrer Boost on their Cash Account balance (up to the Maximum Balance) on the first day after the Eligible New Customer completes and meets all of the Requirements as described above, and will continue to receive the Referrer Boost for three (3) months from that date (the “Referrer Promotional Period”). If you close your Cash Account(s) during the Referrer Promotional Period, your Referrer Promotional Period will continue to run and will not be extended. For or each Eligible New Customer referred, the Eligible Referrer will earn a Point Bonus, however, only one Referrer Boost can be earned for each Eligible New Customer referred. There is no limit to the number of Eligible New Customers that can earn a Promotional Boost and/or Point Bonus through referrals made by one Eligible Referrer; however, the maximum aggregate duration of APY increases that any person is eligible to earn at any one time across all promotions, including Promotional Boost under the Promotional Referral Program, is 6 months. Only one Referrer Boost can be applied to increase your APY at any one time; any additional Referrer Boosts you earn will be applied one at a time following the end of each applicable Referrer Promotional Period (i.e., if you earn multiple Referrer Boosts, your APY will not be increased by more than 0.50% over the standard APY, but one or more additional Referrer Promotional Periods will be added to follow your initial Referrer Promotional Period). By making a referral through the Promotional Referral Program, you authorize and direct Zurp to disclose to any third parties you refer that you are a customer of Zurp, that you have opened a Cash Account, and that you may be receiving compensation (a Referrer Boost and/or Point Bonus) as an incentive for making a referral. You also authorize and direct Zurp to contact third parties for whom you provide a name and email address for the purpose of sending a referral invitation and disclosing the above information.

An Eligible New Customer who receives a referral via one of the methods described above can earn a Promotional Boost (a “Recipient Boost”) and/or a Point Bonus by completing and meeting the following Requirements below:

The Eligible New Customer must fill out a complete application and be approved for a personal Zurp Account after following the hyperlink in the invitation (i.e. the Eligible New Customer must navigate to Zurp’s Account sign-up flow and must be approved)
The Eligible New Customer must receive a Qualified Deposit¹ of at least $100.00 into their new Zurp Account within 30 days after account opening²
The Qualified Deposit must have been posted and settled to the Referral’s account within 45 calendar days of account opening date²

The Eligible New Customer will begin receiving the Recipient Boost on their Cash Account balance (up to the Maximum Balance) and interest will start accruing within 24 hours after their Cash Account has been funded (transaction must be posted and settled), and the Eligible New Customer will continue to receive the Recipient Boost for three (3) months from that date (the “Recipient Promotional Period”). You may only receive a Point Bonus and a Recipient Boost once, and you will not be eligible for additional Recipient Boosts following the expiration of the Recipient Promotional Period. You also cannot receive an additional APY increase by opening additional Zurp Accounts, although you may be eligible to participate in the Promotional Referral Program as an Eligible Referrer. Subject to the limitations described above, the Eligible Referrer who referred you to Zurp will receive a Point Bonus and Referral Boost once you are approved, have funded your Zurp Account, and have met all the Requirements.

Zurp reserves the right to modify or terminate the Promotional Referral Program at any time without notice. Zurp has no obligation to open a Zurp Account for any particular person, regardless of that person’s participation in any promotional program, and may accept or reject an application in its sole discretion. All eligibility decisions shall be made by Zurp in its sole discretion. Without limiting the foregoing, Zurp shall have sole discretion to determine whether any referral qualifies for a Point Bonus, or Promotional Boost (including, but not limited to, whether all applicable requirements have been met) and to disqualify any person from receiving a Promotional Boost and Point Bonus or otherwise participating in the Promotional Referral Program for any reason, including (but not limited to) if Zurp determines, in its sole discretion, that fraudulent activity or a violation of the terms of the Promotional Referral Program may have occurred. In the event Zurp disqualifies a Promotional Boost after interest has begun to accrue,
Zurp reserves the right to recapture the amount of interest attributable to the Promotional Boost to the maximum extent permitted by law. All federal, state, and local taxes and any related fees and expenses are the sole responsibility of the Eligible Referrer or Eligible New Customer. The total amount you can earn through the Promotional Boost will vary based on any changes to the total balance in your Cash Account over the applicable Promotional Period and any changes to Zurp’s standard APY for Zurp Cash Accounts over the applicable Promotional Period.

Limit

Each Customer may earn no more than 1,000,000 points from referral rewards.

Referral Invitations

You may send one invite to each friend you invite. You acknowledge that any efforts to bypass, manipulate or otherwise modify the delivery and accurate presentation of the referral link provided will be considered a violation of these Promotional Referral Program Terms resulting in ineligibility to participate in the Promotional Referral Program. Other Program Information Zurp is not responsible for incorrect entries or other failures on the part of the Eligible New Customers to meet the standards to qualify for a Zurp account.
Promotional Boosts and Point Bonus will not be given for Eligible New Customers who already have opened, or have attempted to open, a Zurp account. If two or more individuals invite the same individual to open a Zurp account, Zurp will credit the bonus to the Eligible Referrer whose referral link was received first. This Promotional Referral Program is not valid with any other offers and is non-transferrable. The Promotional Referral Program is available to U.S. residents only and is void where prohibited. Zurp reserves the right to terminate or modify this program and/or these Promotional Referral Program Terms at any time at its sole discretion.

By participating in this offer, you agree to refer only your personal friends, family, and known acquaintances. You may send your referral URL to your friends via text message or social media. By sending the URL via text message, you are representing that you have consent to send text messages to each recipient. No other method for transmitting or sharing your referral URL is permitted. Any statements you make regarding the card for which you are referring friends, and this offer, must be truthful and not misleading, and must include that you may receive a Referral Credit for successful referrals.

Any attempt by an individual to deliberately undermine the operation of the Promotional Referral Program may be found in violation of criminal and/or civil laws. Zurp has all rights to seek damages against individuals as permitted by law.

Except where prohibited by law, as a condition of participating in this Promotional Referral Program, the participant agrees that any and all disputes connected with this Promotional Referral Program shall be resolved individually, without resort to any form of class action.

Under no circumstances will the participant be able to claim punitive damages, or any other damages, including legal fees. All issues and questions concerning the validity, interpretation and enforceability of this Promotional Referral Program, or the rights and obligations of either Zurp or its Account Holders, will be governed by the laws of the State of Delaware.

If you would like a copy of these Promotional Referral Program Terms, please send a self-addressed stamped envelope to: Zurp Inc., 1000 Brickell Ave, Ste 715 PMB 5069, Miami, FL 33131. Requests received after the end of this program will not be honored.

Zurp account services are provided by First Pryority Bank, Member FDIC pursuant to a license from Mastercard International.

¹ Qualified Deposit – Payroll Deposit or ACH transfer.
² Account Opening – Account opening date is the date when the account holder has been approved to Zurp