By using, participating in, or receiving the benefit of any portion of our Referral Programs, you agree to be bound by this Agreement and to comply with it. If you do not agree to the terms of this Agreement, you must not use our Referral Program.
The Referral Program is open to all verified Loop clients with an active account that is in good standing (“Loop Client”).
To qualify for the Referral Program, the following conditions must be met:
a) The referred business must be a Canadian registered business or sole proprietorship ("Referred Business") and must be referred by a Loop Client (the “Referrer”).
b) The Referred Business cannot have an existing Loop account nor have started the onboarding process with Loop under any email address or alias before the date that the referral is made.
c) Any Referred Business that was referred through a previous referral promotion will only receive the reward applicable to that promotion.
In order to qualify for the Reward, the Referred Business must complete at least one (1) qualifying posted transaction in an amount that is greater than $200 Canadian Dollars (or Canadian Dollar equivalent) from the following list:
a) Making a currency conversion
b) Making a card purchase, or
c) Sending a payment that includes conversion (each a “Qualifying Transaction”)
1. Get Your Link
Access the referral link within the invite section of the Loop dashboard.
2. Share Your Link
Copy the unique referral code
Ensure that the referral registers at https://app.bankonloop.com/apply and enters the
Referrer’s code. If the Referred Business registers with Loop using any other link or method, the registration will not count under the Refer and Earn Program.
Both the Referred Business and the Referrer will receive 10,000 Loop points after the Referred Business completes their first Qualifying Transaction.
Points will be distributed within 30 business days of the posted date of the Referee’s first Qualifying Transaction.
You may only use our Referral Program in good faith for lawful purposes. You may not:
(a) create more than one account in order to invite yourself;
(b) invite others that have created duplicate accounts;
(c) use alternative contact information to refer yourself or others that have created duplicate accounts;
(d) invite someone who is an existing customer of Loop;
(e) invite fictitious persons;
(f) do anything that damages Loop’s brand, goodwill or reputation;
(g) use our Services in a deceiving or deceptive manner to benefit from a Referral Program;
(h) use the Referral Program in: (i) any way that breaches any applicable local, national or international law or regulation; or (ii) any way that is unlawful or fraudulent, or has any unlawful or fraudulent purpose or effect; (iii) in any way that contravenes any other agreements we have with you; or (iv) in a manner harmful to our interests;
(i) to transmit any unsolicited or unauthorized advertising or promotional material or any other form of similar solicitation (spam); or
(j) to transmit any unsolicited or unauthorized advertising either via paid search or any other similar activity, including channels that can damage the Loop brand, goodwill or reputation;
(k) share the invitation link to another person that has not told you they want to receive information about Loop;
You represent and warrant to us that you have obtained the express consent from the person whose data you provide us with.
a) If we suspect (in our sole and absolute discretion) that you have not used the Referral Program in good faith or have breached or acted inconsistently with the Agreement, we have the right to withhold, deny or cancel any Rewards associated with you and/or terminate your Loop Account.
a) We may amend this Agreement or other terms or policies that govern your participation in the Referral Program from time to time. The revised Agreement or Program Requirement will take effect when posted or as otherwise expressly indicated. By continuing to use the Referral Program after any changes to this Agreement or Program Requirements take effect or taking such other action as specified by Loop, you agree to be bound by those changes.
b) Loop reserves the right to, in our sole and absolute discretion:
(i) amend, change, cancel or restrict the Referral Program at any time (for some or all users), or any Reward at any time and for any reason without notice; and
(ii) terminate the Referral Program at any time, without notice.
c) In the event the Referral Program is terminated or if your access to our Services is terminated for any reason, Loop will not be obliged to credit any accounts that would have otherwise qualified for a Referral Fee.
