Robinhood Promotion (UK) Terms & Conditions

 

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Overview 

The Robinhood competition is run by HelloStake Limited and is a series of weekly prizes given away for a period of four weeks from the 24th of July to the 21st of August 2020. 

Eligibility

In order to eligible for the draw, you need to meet the following criteria :

  1. Be a resident of the United Kingdom 
  2. Sign up for a Stake Account domiciled in the United Kingdom 
  3. Fund your account with a minimum of 50GBP using our in-app Funding Method (TrueLayer)
  4. Respond to our weekly email asking to provide “25 words or less why you should win”

The Mechanics

Customers who fund their account on a Friday – Thursday (UTC) calendar week will receive an email asking them to tell us in 25 words or less why they deserve to win $1290.78 worth of TSLA shares. The emails will be sent out on a Friday with responses expected back by Sunday 11:59pm UTC. The best responses will be selected on a Monday and notified on Tuesday. 

The selection will be carried out every Monday until the 24th August 2020 for customers who funded their Stake account in the calendar week prior. There will be 2 prizes on offer each week to eligible customers who participate in the competition, with a total of 8 prizes being offered over the competition period. 

Announcing the winners

We will write to the winners of each week’s prizes by Tuesday of the following week unless it is a public holiday, whereby the winners will be announced on the following business day. We will communicate with you via the email address on file with information on how to claim your prize. 

Unclaimed Prizes 

If, after having written to the winner and not received a response for over six months – we will deem the prize unclaimed and retain it.

If a potential winner attempts to claim a prize after the six month period and there is a reasonable justification for the delay, we may decide to award the prize, but we deserve the right to not do so.

Tax Implications 

You may be liable for capital gains tax on the entire value of the share when sold. This is dependent on your personal circumstance and you will need to seek advice from a tax professional. 

No affiliation 

Stake or any of its employees is not affiliated with any company or issuer whose stock may be part of the Free Stock Program and is not affiliated with any exchange that the stock may be listed or traded on. 

Legal & Updates to the terms

These terms and conditions are governed by and construed in accordance with the laws of the United Kingdom. 

We can update these Terms and Conditions at any time without prior notice. If we modify these terms, we will post the modification on the Stake website & app which are effective upon posting.