Referral Terms and Conditions

Last updated: May 29, 2018

The ‘Refer a friend’ $5 bonus offer (the “Offer”) is provided by Sharesies Limited (“we”, “us” or “our”). These Referral Terms and Conditions and the Sharesies Terms of Service at sharesies.nz (together, the “Terms and Conditions”) apply. By taking part in this Offer, you agree to the Terms and Conditions.

1. Eligibility

To be eligible for the Offer, each of the following criteria must be met (“Eligible Customer”):

  • you have an active account with us (i.e. able to make investments);
  • you refer a friend within your Sharesies' account via 'Share the love';
  • the person you refer does not currently have an account with us;
  • the person you refer successfully completes the sign up for a new Sharesies account (i.e. able to make investments) within the following timeframes:
    • 30 days of us sending your email invite,
    • 30 days of beginning the sign up process from your referral link,
  • you acknowledge and agree that you are not acting as an agent for your friend or us.

2. ‘Refer a friend’–invites

You can share your referral link by posting it wherever you like.

You agree to send email invites only to people that you have an existing personal relationship with, and who you think would like to receive an email invite from us about our service.

By giving us the name and email address of your friend, you are asking and authorising us to send your friend an email on your behalf.

We will send one email and up to two reminders to each friend you invite. The invite will include your name as the relevant Sharesies customer who has referred them to us. You consent to us using your name in the email we send to your friend. The reminders may be different from the original invite.

You will be able to see the number of 'pending' invites and successful 'sign-ups' within your account.

You agree not to engage in any activity that may be considered fraudulent, invasive or may be considered spamming.

We will not send an invite if your friend’s email is registered to a Sharesies account or to another referral. We will still show the status of your invite as ‘pending’ for 30 days.

3. The Offer

Eligible Customers, who refer a new customer account to us ("New Customer"), will receive $5 of bonus funds in their Sharesies account ("Bonus") for each New Customer referred, subject to the following provisions.

  • The New Customer must be eligible to open an account with us and not currently hold an account with us.

To be eligible to receive the Bonus the New Customer must open (within the applicable timeframes in clause 1) an account with us (i.e. able to make investments) using:

  • the unique link contained in the invite from the Eligible Customer; or
  • the same email address that matches the address used by the Eligible Customer to send an invite,

(together, the “Account Criteria”).

If the New Customer meets the Account Criteria, the relevant Eligible Customer will receive the Bonus in their Sharesies wallet. The Bonus will be paid within ten business days.

The Offer is only available once for each New Customer and does not include multiple accounts being opened by the same customer.

Each Eligible Customer who successfully takes part in the Offer is responsible for any and all taxes payable (if any) as a result of this Bonus being credited, received or accepted.

This Offer cannot be used with any other ‘refer a friend’ offers which we may provide.

The Bonus cannot be withdrawn immediately. It must be used to make investments through your Sharesies account.

From time to time, we may offer additional referral bonuses. The amount of bonus payable and any applicable offer period and terms will be set out at sharesies.nz.

4. General

We reserve the right to refuse any Bonus if we have a reasonable belief that the Offer is being abused in any way, or that any of the Terms and Conditions have been breached.

We reserve the right to suspend or terminate the Offer or any part of the Offer at any time and without notice. We may make changes to these Referral Terms and Conditions from time to time by uploading a new version on sharesies.nz. We recommend you revisit these Referral Terms and Conditions regularly, and by your continued use of our service, you accept any such modified Referral Terms and Conditions.

If the Offer cannot be executed as planned, including due to any unforeseen issue or technical malfunction beyond our reasonable control, we will incur no liability for the non-awarding of this Offer.

We will resolve any dispute or situation not covered by the Referral Terms and Conditions in a manner we consider to be fairest to all concerned. Our decision shall be final and binding on all customers. We will not enter into correspondence. These Referral Terms and Conditions are subject to New Zealand law, and the courts of New Zealand have exclusive jurisdiction.