Terms and Conditions for Kitsap Credit Union’s Friends and Family Gold Checking Referral Program
- Eligibility: The Friends and Family Gold Checking Referral Program (the “referral program”) is open to all existing Kitsap Credit Union members with a Gold Checking account in good standing. The Referred Individual (referred person) must be personally known by the Referrer (person making the referral) and must meet Kitsap Credit Union membership eligibility requirements, which include having an active Primary Savings account. Both accounts must be active and in good standing to receive the referral reward. Participants must be at least 18 years old. Only one Gold Checking account is allowed per Tax ID and is available for personal accounts only.
- Referral Process: To participate, the Referrer must submit the name and email address of the friend or family member they wish to refer through the designated referral link. The Referred Individual will receive an email containing a special referral link to apply for a Gold Checking account. The referral is valid for 90 days from the date the referral email is sent.
- Account Requirements: The Referrer must be a current Kitsap Credit Union member. Both parties must be in good standing at the time the reward is to be issued. The new Gold Checking account must be opened using the referral link provided in the email. Gold Checking accounts opened in any other manner will not be eligible for the referral reward.
- Referral Reward: The Referred Individual must meet the Gold Checking qualifications at least once within the first three statement cycles of account opening to qualify for the referral reward. If requirements are met, both the Referrer and the Referred Individual will each receive a $100 referral reward, deposited into their primary Gold Checking accounts. Referral rewards will be deposited on or before the 10th business day of the month following qualification. If the Referrer has multiple Gold Checking accounts, the referral reward will go to the account with the most recent direct deposit, or, if none exist, the oldest account.
- Gold Checking Qualifications: The qualification period is from the first day of the month until the last day of the month. Qualifications: (1) Have 12 or more in-person or online point of sale (POS) transactions or debit card purchases post and clear by close of business on the last day of the month (bill payments using debit card are excluded); (2) Sign up to receive account statements electronically (e-statements) by the last day of the month; and (3) receive a direct deposit, conduct an outgoing ACH transaction, or perform an online bill payment transaction to post and clear by close of business on the last day of the month.
- Referral Limitations: The Referred Individual may only receive one referral reward but may be eligible to become a Referrer to refer friends and family members. In the event multiple Referrers refer the same Referred Individual, only the first completed referral will be rewarded. A Referrer may receive up to $1,000 in referral rewards per calendar year.
- Program Duration: The referral program is effective as of 2/14/2025 and is subject to change. Kitsap Credit Union reserves the right to cancel, terminate, or modify the Referral program at any time without notice.
- Disqualification: If the Referrer is not a member or is no longer a member at time the referral reward is to be issued, no rewards will be given to either party. Referred Individuals with an existing Gold Checking account or those who have closed a Gold Checking account within the last 12 months are not eligible for referral rewards. Kitsap Credit Union reserves the right to disqualify any referrals or participants suspected of fraud or abuse of the referral program.
- Tax Implications: Any referral reward received may be subject to tax reporting, and the recipients are responsible for any applicable taxes. This offer is not transferable and cannot be combined with any other offers and is not redeemable for cash.
- Geographic Restrictions: The referral program is void where prohibited by law.
By participating in the Kitsap Credit Union Friends and Family Referral Program, you agree to these Terms and Conditions.