1. The Cashback Reward
1.1. We will give Eligible Customers who meet the First Criteria a payment of £250 (the First Reward). This payment will be credited to your Account as defined in Section 2 one (1) month after the date that the First Criteria are met.
1.2. The Bank will give Eligible Customers who meet the Second Criteria a payment of £250 (the Second Reward). This payment will be credited to your Account as defined in Section 2 thirteen (13) months after the date that the Account was first opened.
2. Eligible Customers
2.1 You will be an Eligible Customer if you are a sole trader, a partnership or an incorporated entity and you meet all of the following:
- after 15th April 2016, you
(a) have been trading/established for less than 6 months and are opening your first Business Current Account as a Danske Bank Small Business or a Danske Bank Small Business – Digital Account (“the Account”) or
(b) you complete a full switch of your main business account to a Danske Bank Small Business or a Danske Bank Small Business – Digital Account (“the Account”) using the Current Account Switch Service and the Account remains open at the date that the First Reward or the Second Reward (as applicable) is made; AND
- at the time you open the Account you select a MasterCard Business Debit Card; AND
- at the time you open the Account you register for Business eBanking;AND
- the published fees and service charges apply to the Account; AND
- you are a resident of Northern Ireland or have a trading address in Northern Ireland.
2.2 An Eligible Customer can only select one Account for the purposes of the Cashback Reward. If more than one Account meets the Criteria then the Cashback Reward will be paid on only one Account. The Bank will automatically select the first Account that an Eligible Customer opens or switches in using the Current Account Switch Service after 15th April 2016 for purposes of assessing whether the Criteria has been met. Any Accounts which are opened subsequently will not be eligible for the Cashback Reward.
3. The First Criteria
In order to meet the First Criteria you must complete ten (10) Transactions on the Account before the date which is 12 months after the date that the Account was opened.
4. The Second Criteria
In order to meet the Second Criteria you must complete at least 120 Transactions on the Account during the 12 consecutive months from the date the Account is opened (which is an average of 10 Transactions per month)
A Transaction for the purposes of these
terms and conditions is a payment into
your Account or a payment out of your
Account which is not:
- an internal transfer to or from
another account that you hold
- a fee or interest or other posting
to the Account which has been
made by us
6.1 We will determine whether you have met the Criteria for the payment of any Reward.
6.2 The Reward can only be made by direct credit from Us to an Account as defined in these terms and conditions. No cash or alternative reward is available.
6.3 The Bank reserves the right to vary or withdraw these terms and conditions at any time. Any such variation or withdrawal will not affect your rights under these terms and conditions if you are already an Eligible Customer as set out in these terms and conditions at the date that
the withdrawal or variation is made.
6.4 We will not deduct any tax from the First Reward or the Second Reward payments. Whether you have to pay tax on the First Reward or the Second Reward Payment may depend on the circumstances relating to your business. You should seek your own advice concerning whether you should pay tax on the Reward Payments.