1. Promotion Period:
- The promotion will commence on 28th December at 11:00 AM and will continue until midnight on 29th February.
- The term "duration" implies that on 1st March, all deposits made during the promotion will revert to their original amounts. The doubling of deposits will not extend beyond this date.
2. Deposit Limits:
- Users are subject to a maximum deposit limit of $30,000 per month.
- This limitation is in accordance with Anti-Money Laundering (AML) regulations.
3. Minimum Deposit:
- There is no minimum deposit requirement to participate in the promotion.
4. Eligibility:
- The promotion applies exclusively to new deposits made into the Earn Account.
5. Deposit Calculation:
- The user's account balance will be recorded on 28th December at 11:00 AM.
- It is important to note that the promotion is applicable only to incremental deposits made during the promotional period.
- For instance, if a user has an existing balance of €1,000 and decides to withdraw this amount and subsequently re-deposits it, the promotion will not be valid for the initial €1,000. The promotion only applies to additional funds added to the total balance during the promotion period.
6. Promotion Closure:
- The promotion concludes at midnight on 29th February.
- All deposits made during the promotion period will be subject to the doubling mechanism until the closure of the promotion.
- As of 1st March, the doubling of deposits will no longer be applicable, and all deposits will revert to their original amounts.
7. Enhanced Due Diligence for Exceeding Deposits:
- In the event that a deposit exceeds the specified limit or violates AML regulations, the excess amount will be temporarily unavailable for use.
- Users with exceeding deposits must undergo an Enhanced Due Diligence (EDD) process before being able to access the additional funds.
- The EDD process may involve providing additional documentation and information as required by our compliance team.
- Once the EDD process is successfully completed and the deposit is deemed compliant with AML regulations, the temporarily withheld funds will be made available for use.
8. Refund Policy:
- In the event that a deposit exceeds the specified limit or violates AML regulations, the excess amount will be temporarily unavailable for use.
- Users with exceeding deposits must undergo an Enhanced Due Diligence (EDD) process before being able to access the additional funds.
- The EDD process may involve providing additional documentation and information as required by our compliance team.
- Once the EDD process is successfully completed and the deposit is deemed compliant with AML regulations, the temporarily withheld funds will be made available for use.
9. Terms Modification:
- The app reserves the right to modify or terminate the promotion at any time without prior notice.
- Any changes to the terms and conditions will be communicated to users via the app.
10. Compliance:
- Users are expected to comply with all applicable laws and regulations while participating in the promotion.
11. Disclaimer:
- The app is not liable for any losses or damages incurred as a result of participating in the promotion.
12. Contact Information:
- For any inquiries or concerns regarding the promotion, users can contact Customer Support at support@rand.app.
By participating in this promotion, users acknowledge and agree to abide by these terms and conditions. The app reserves the right to interpret, suspend, or enforce these terms as necessary.