Monese 'Invite & Earn' Referral Program: Terms and Conditions

1. Eligibility

Participants of the Monese ‘Invite & Earn’ referral program, meaning the existing Monese customer, who is sending the friend a referral (“Existing Monese Customer”) and the referred friend (“Referred Friend”), must be two different individuals, natural persons and at least 18 years of age and must reside in countries where Monese offers their services. The Reward will be only paid out once per stage per Referred Friend, once the criteria listed in the Referral Bonus section for each stage are triggered.

2. Referral Bonus

A referral bonus can be earned as follows:

2.1 The Existing Monese Customer shares their unique referral code (the “Referral Code”) or unique referral link (“Referral Link”) as provided on the Monese web app or mobile app. The Existing Monese Customer is not allowed to use the Referral Code or Referral Link for any kind of commercial activity, in particular in or for paid promotions, including online advertising; mass emailing, texting or messaging people you do not know or using automated systems or bots through any channel to distribute your referral link is not permitted; and

2.2 The Existing Monese Customer can start sharing the Referral Code or Referral Link as soon as they have full access to their Monese account; and

2.3 The Referred Friend opens a Monese account through the Monese app or website by clicking on the Referral Link or by using the Referral Code when signing up; and

2.4 The Monese Mastercard card is received and activated by the Referred Friend; and

- The Referred Friend makes at least one Qualifying Purchase (as defined in Qualifying Purchase below) with their Monese Mastercard card per each stage;

2.5 The amount of the reward (“Reward”) and the beneficiary (the Existing Monese Customer or the Existing Monese Customer and the Referred Friends, in case the rewards will be granted to both) is displayed in the Monese mobile app where the respective Referral Code or Referral Link is provided. However, the actual amount of the Reward paid out under the “Invite & Earn” Referral Program depends on Qualifying Purchase conditions at the time the Referred Friend has signed up for their Monese account.

3. Qualifying Purchase

A Qualifying Purchase means that the Referred Friend used their Monese account to fulfil the following conditions, defined across two stages, each with its own Qualifying Purchase:

3.1 In the first stage, a Qualifying Purchase means that the Referred Friend used their Monese account to fulfil a Monese Mastercard card transaction of any amount. The Qualifying Transaction must be paid in full before the Existing Monese Customer (plus the Referred Friend) can receive the Reward (the transaction will need to ‘settle’, which can take up to 48 hours).

3.2 In the second stage, a Qualifying Purchase means that the Referred Friend, only after fulfilling the Qualifying Purchase conditions from the first stage, used their Monese account to spend a minimum total amount with Monese (as displayed at the time in the Monese App), either through their Monese Mastercard card or through international transfers to non-Monese accounts in any available currency except GBP, EUR or RON.

3.3 Monese will only recognize one (1) Qualifying Transaction per Referred Friend to count for the first stage Referral Bonus, meaning the first-stage Qualifying Transaction cannot be reached with multiple transactions. Monese will then only recognize one (1) Qualifying Purchase for the second stage Referral Bonus, meaning the second-stage Qualifying Transaction cannot be fulfilled more than once.

4. Limitations of the Program

4.1 The Referred Friend cannot combine multiple Referral Codes or Referral Links from different Existing Monese Customers when creating an Monese account.

4.2 Per Existing Monese Customer, a maximum of 150 total Rewards can be earned.

4.3 The Monese “Invite & Earn” Referral Program can only be used for personal, non-commercial purposes

5. Miscellaneous

5.1 The Monese “Invite & Earn” Referral Program is a courtesy offered by Monese and does not create any legal obligations that may be enforced in front of court. Monese may suspend, terminate or change the terms and requirements of the Monese “Invite & Earn” Referral Program Terms and Conditions, including e.g. a user’s ability to participate in the “Invite & Earn” Referral Program or the Bonus amount and country availability, at any time and for any reason. In case of violation of these terms and conditions, Monese may credit back any Referral Bonus that was already paid out to the Existing Monese Customer’s or the Referred Friend’s Monese account.

5.2 We reserve the right to credit the Reward within a 60 day window frame after the qualifying purchase has been made.

5.3 We reserve the right to suspend accounts or reverse Rewards if we notice any activity that we believe is abusive, fraudulent, or in violation of the Monese Terms & Conditions or these 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.

5.3.1 Any activities referenced in 5.3 that may lead to account suspension include, but are not limited to, for the purposes of obtaining referral bonuses: offering of incentives, impersonation or unapproved use of Monese content and/or delivery channels and promotion of referral codes that do not include such that were visible within the Monese App at the time of their publication.

5.4 Any initiated friend referrals which are still pending after one year will be deleted.

6. Amendments to these Terms

Monese can amend these terms at any time without prior notice. If these terms are modified, Monese will post the modifications on the website, which are effective upon posting.