1. How it works
Each customer has a personal invite code. When someone who has never used Speedy opens an account with your code and their first qualifying transfer is delivered, you earn a reward of reward amount and form, e.g. one fee-free transfer.
2. Pending rewards
A reward is shown as pending until it can be used. Rewards can be used only once Speedy is processing real transfers and the qualifying conditions are met. We will tell you in the app when a pending reward becomes available, and how long you have to use it (expiry period).
3. Qualifying transfer
A qualifying transfer is a completed transfer of at least minimum amount by the invited person, funded from their own account, not cancelled or refunded.
4. Sharing your code
Share your code yourself, with people you know. Speedy will not send invitations to people on your behalf. Do not post your code on coupon sites, buy advertising with it, or send it in bulk.
5. Limits and fairness
You can earn up to maximum rewards per calendar year. We may withhold or reverse rewards obtained through duplicate accounts, false information, self-referral or any abuse, and may close accounts involved.
6. How rewards are applied
Fee rewards reduce the fee on a future transfer and appear in that transfer's pre-payment disclosure. Rewards have no cash value unless we say otherwise.
7. Taxes
Rewards may be taxable. Where the law requires, we may ask for your taxpayer information and report rewards to the IRS.
8. Changes and ending the program
We may change or end the program with at least 30 days' notice. Pending rewards earned before a change will be honored under the terms in effect when they were earned.