Stake Wall St Rewards Terms and Conditions
Last updated 18 February 2022
These terms and conditions (Wall St Rewards T&Cs) apply to the Stake rewards program (Stake Rewards) provided by Stakeshop Pty Ltd (Australia and New Zealand) and Hellostake Limited (United Kingdom) (Stake). They replaced the Free Stock Program and Referral Terms and Conditions on 31 January 2022.
By participating in Stake Rewards, you agree to be bound by these Wall St Rewards T&Cs, which are in addition to the Stake Terms & Conditions.
Stake Wall St Rewards
Stake Users on the Stake Wall St platform are able to earn certain rewards as set out in these Wall St Rewards T&Cs (a Reward). The types of Rewards are set out below.
1. Referral Rewards
Stake Rewards allows existing, registered Stake Wall St users (Stake User) to earn promotional rewards by referring new customers to Stake Wall St (Wall St Referral Reward).
This section of the Wall St Rewards T&Cs specifically concerns Stake Users who are doing the referring (Referrers). For terms that apply to referred persons, see section titled ‘First Funding Rewards (Free Stock Program)’ below.
In order for a Referrer to qualify for a Wall St Referral Reward, a new customer who has not yet created a Stake account (Referred Person) must meet all of the following criteria:
Enter the Referrer’s unique referral code when signing up to Stake Wall St;
Create a valid Stake Wall St account (in the same jurisdiction as the Referrer) that complies with the Stake Terms and Conditions; and
The referred person funds their Stake Wall St account directly through the Stake platform using a qualified funding method (Qualified Funding);
The Referred person must not be the same person as the Referrer or another existing Stake customer.
The Referrer will be rewarded with the rewards outlined in the referral invitation or accompanying promotional material. Unless otherwise stated, Wall St Referral Rewards are a free stock of (or fraction of) specific US equities. Stake will randomly issue the Referrer with one of the available stocks, which will range in value up to $150 USD. Most people receive a stock that has a value of less than $10 USD.
A Qualified Funding is a deposit (funding) by the Referred Person into their individual Stake Wall St brokerage account within the Stake platform (i.e. not outside of the Stake platform).
Earning Referral Rewards
For rewarded stock, Referrers will be notified within 2 business days of the Wall St Referral Reward they have received. This notification will come to the email that is registered to the Referrer’s Stake account.
Sharing Referral Links
Stake encourages the responsible sharing and distribution of your referral code, but Stake is not responsible or accountable for any adverse action by any third-party or third-party platform where you may share it.
A Referred Person may only use one referral link. If a Referred Person receives referral links from multiple Stake Users, only the referral link actually used by the Referred Person to join will count towards a Stake Wall St Referral Reward.
2. First Funding Rewards
Stake Rewards allows new and existing unfunded Stake Wall St Users to earn a free US listed stock by funding their Stake Wall St account (Wall St Funding Reward) for the first time. If you elect to claim your free stock, you agree to these Wall St Rewards Terms and Conditions, which are in addition to the general Stake Terms and Conditions.
The Wall St Funding Reward is a US listed stock. The stocks that may be awarded include GoPro, Nike, Dropbox, Trivago, Ambev and ElectraMeccanica. The free stock (or fraction of) earned will range in value up to $150 USD. Most people receive a stock that has a value of less than $10 USD.
In order to qualify for a Wall St Funding Reward you must meet all of the following criteria:
Have created a registered individual Stake account (non-individual accounts such as SMSF trust, SMSF individual, company and minor accounts are not eligible for Wall St Funding Rewards), including a verified email address, that has been approved for funding by Stake;
Such account has not yet been funded; and
Make a Qualified Funding of your Stake Wall St account of at least $50 AUD (Australia), $50 NZD (New Zealand), £50 GBP (United Kingdom) or R$500,00 (Brazil), whichever is applicable, within 24 hours (or another time limit set by Stake) upon first viewing the Portfolio/Dashboard page on the Stake App and/or Website.
If you meet the eligibility criteria for the Wall St Funding Reward above, you will be asked to claim your Reward after initiating your first funding through the Stake App or Website through the Stake platform using the funding gateways below. If you choose to participate, you will be invited to click a ‘Spin for stock’ button, where you will play a free stock mystery game during which Stake will randomly issue you with one of the six available stocks.
The payment gateways that are considered a Qualified Funding and earn a Wall St Funding Reward are:
AUD to USD Wallet Transfer via the Stake platform
- Bank Transfers via TrueLayer (in the Stake platform)
- TED Transfer (minimum R$500,00)
Expiry Of Claiming Free Stock
Rewards of free stock are only available to be claimed within 24 hours from when you first view the Dashboard/Portfolio page on the Stake App or Website after your Stake account is approved.
If you do not fund your Stake Wall St account within 24 hours of first viewing this page, or you elect not to claim your free stock, you will no longer be eligible to participate in the Stake Wall St Funding Reward.
Customers are not eligible to set up multiple accounts to claim Wall St Funding Rewards. Only one claim of a Wall St Funding Reward can be made per person.
3. Portfolio Transfer Rewards
Stake Rewards allows Stake Wall St Users to earn a free stock when they complete a full US portfolio transfer to Stake (Portfolio Transfer Reward). The free stock is Dropbox Inc (DBX), however it may change from time to time, as communicated by Stake in any applicable promotional material.
Eligibility Criteria For Portfolio Transfer Reward
In order to qualify for a Portfolio Transfer Reward, Stake Users must:
Have an existing, registered Stake Wall St account;
Have not yet completed a portfolio transfer into Stake Wall St; and
Complete a single transfer of your full portfolio of US listed securities worth at least a total of US$500 from a third party provider to Stake;
Once the Stake User has met all of the above eligibility criteria and successfully made a Transfer, with the transferred portfolio appearing in the user’s Stake Wall St account, then the Stake User will be offered one free DBX share to claim.
Portfolio Transfer Reward is only applicable to first time transfers and can only be claimed by Stake Users once.
Portfolio Transfer Reward is only applicable to transfers of portfolios of US listed securities that have a total value of at least US$500. The value of the portfolio shall be determined by the market value at the time of completion of the transfer on Stake Wall St. Stake may choose to grant a Portfolio Transfer Reward to portfolios worth less than US$500 in its sole discretion.
Multiple Stake Rewards
Stake Users are not precluded from earning multiple Stake Rewards under these Wall St Rewards Terms and Conditions.
Stake Rewards may not be earned by creating multiple Stake Accounts. Stake Rewards accrued in separate Stake accounts may not be combined into one Stake account. Stake Rewards can only be earned with your “Individual Account” and not a company, trust, SMSF or other type of account.
If for any reason you believe that there is a discrepancy regarding your Stake rewards, email firstname.lastname@example.org.
Stake may require you to submit additional information in order to determine your eligibility. All decisions regarding your status will be final and at Stake’s sole discretion.
You are responsible for any tax consequences, if any, that may result from your redemption or use of Stake Rewards.
Implications of owning stock
Owning a share in a business comes with fluctuations in price. Share prices fluctuate daily and can be a volatile asset.
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.
Stake and its employees are not affiliated with any company or issuer whose stock may be part of Stake Rewards and are not affiliated with any exchange that the stock may be listed or traded on.
If any provision in these terms are held to be invalid, void, or unenforceable, such provision (or the part of it that is making it invalid, void or unenforceable) will be struck and not affect the validity of and enforceability of the remaining provisions.
Termination and Changes
Stake may suspend or terminate in whole or part the Stake Rewards program or a user’s ability to participate in Stake Rewards at any time for any reason.
We reserve the right to suspend accounts or remove Rewards if we notice any activity we believe is abusive, contrary to Stake’s brand values, fraudulent or in violation of the Stake Terms & Conditions. We reserve the right to review and investigate all referral activities and to suspend accounts or modify referrals in our sole discretion as deemed fair and appropriate.
The scope, variety and type of services and products that you may obtain by redeeming Stake Rewards can change at any time.
Legal & Updates to the terms
These Wall St Rewards Terms & Conditions are governed by and construed in accordance with the laws of New South Wales, Australia and shall be subject to the jurisdiction of the New South Wales Courts. In the United Kingdom, they are subject to the laws England and Wales and the jurisdiction of the Courts of England and Wales.
We can update these Wall St Rewards T&Cs 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. Continued participation in Stake Rewards after any modification shall constitute consent to such modification.