Refer a friend

Am I eligible to refer a friend?

Yes – if you have an account with Wealthify, and you have at least one invested Plan, you can refer your friends.  If your invited friend goes on to successfully open a Wealthify Plan, deposits at least £500 and leaves it invested for three months or more, both you and your friend will receive £25 paid directly into your Plans.

How do I refer my friends to Wealthify?

Sharing Wealthify with your friends is easy. All you need to do is send them your unique referral code.

You can find your code under the ‘rewards’ tab on the app or in the ‘refer a friend’ section on your dashboard.

This code is a unique web link, that you can pass on any way you want – email, WhatsApp, social media etc.

Your friend can then use this link to find out more about Wealthify, before choosing to start their own Plan. This link is also how we track the referral bonus, so they’ll need to use this link for you to both be eligible for the £25 cashback.

TERMS & CONDITIONS

  1. To qualify for this offer, you need to have an active account with Wealthify with at least one funded Plan.
  2. Invited friends must be new customers to Wealthify and have at least £500 invested in funds for three continuous months (the ‘Qualifying Investment’).
  3. The £25 cashback will be paid into your and your friends first Wealthify Plan after the Qualifying Investment.
  4. Any withdrawals from the friends Plan resulting in less than £500 in the first three months of investment will invalidate this offer.
  5. Invited friends must invest in their Wealthify Plan within six months of the Plan being opened. After six months, their Plan will be closed and no claim can be made under this offer.
  6. There is no limit on the number of referral invites that can be sent, and each recommended friend will qualify for a payment if they meet the conditions. The maximum that can be earned through referrals is £750.
  7. Invited friends can only receive cashback once and cannot use this offer in conjunction with any other introductory offers.
  8. The £25 cashback will form part of the current tax years ISA allowance if it’s deposited into a qualifying ISA. If the ISA has received their maximum allowance, the cashback will be paid directly into the bank account registered under the Wealthify account.
  9. This offer is not transferable and there are no alternatives available.
  10. Wealthify reserves the right to amend, withdraw or restrict this promotion at any time without notice.
  11. The Wealthify standard terms and conditions also apply and are not affected in any way by this offer.
  12. Wealthify accepts no liability or responsibility for claims under this promotion which are lost, delayed or undelivered, nor any liability for technical errors or communication failures in networks and/or internet access.
  13. This promotion shall be governed and construed in accordance with the laws of England and Wales.

Do I need to have money in my Plan to refer a friend?

Yes – you will need to have at least one active and funded Plan with Wealthify to qualify for the cashback offer.

How many friends can I refer?

You can refer as many friends as you like, but the maximum amount of cashback you can claim through inviting friends is £750.

You can invite more friends to join Wealthify and anyone who qualifies will receive the £25 cashback, but your cashback for referring friends will be capped at £750.

For example: If you referred 35 friends and they all qualified, they would each get £25 added to their Plan, but you would only receive a total of £750.

Does my friend qualify if they’ve already set up a Wealthify account?

Any friend you refer would need to be completely new to Wealthify. If they have already signed up but not set up their Plan, they wouldn’t be eligible for the offer. Once they fund their Plan, they can start inviting friends of their own.

What does my friend need to do to qualify?

Your friend must invest at least £500 in their Wealthify Plan using your unique referral code. The £500 will need to be invested in funds and left invested for three consecutive months. They can do this by either:

  • Funding their Plan with a one-off payment of £500; or
  • Funding their Plan with instalments.

If your friend doesn’t invest £500 as a one-off payment, cashback will be paid once their balance reaches and remains over £500 for three consecutive months.  They’ll be able to top-up and withdraw from their Plan, as long as their balance remains above £500.

If your friend doesn’t fund their new Plan within six months, it’ll be closed, and no claim can be made under the offer.

What happens if my friend’s balance goes below £500?

If your friend withdraws money from their Plan which takes them below the qualifying amount, cashback will not be paid to either you or your referred friend.

If the value of their Plan reduces because of movements in the market, cashback will still be paid.

How will I receive my refer a friend cashback?

The cashback will be paid automatically into your Wealthify Plan within 30 days of our criteria being met. You can see the full criteria in our terms and conditions.  

If the cashback is being paid into an ISA and this would take you over your ISA allowance for that year, we’ll pay it directly into the bank account you’ve registered with us.

Will refer a friend cashback form part of my ISA allowance?

If you have an ISA with Wealthify and you qualify for cashback, it will form part of the current years ISA allowance. If paying cashback into your ISA would take you over your allowance for that tax year it will be paid directly into the bank account that you have registered with us.

What happens if the refer a friend cashback takes me over my ISA allowance?

Any cashback that would take you over your ISA allowance will be paid directly into the bank account you’ve registered with us.

When will the cashback be paid?

Once your friend has at least £500 invested and keeps it invested for three consecutive months, they’ll qualify. The cashback will be paid automatically within 30 days of the date your friend qualifies.

You can track your referrals when you visit your Wealthify account. You’ll be able to see how many people you’ve invited, how many accepted your offer, and how much cashback you’ll receive. 

If your friend clicks through to Wealthify from your refer a friend link and creates their own Plan the status will show as ‘signed up’. Once they qualify for the cashback it will change to ‘pending’ until the cashback is paid.

Why didn’t I receive my refer a friend cashback?

There are a number of reasons you may not receive cashback after you’ve referred a friend.

Due to data protection we will not disclose details of your friends account, but if someone doesn’t deposit the correct qualifying amount or they withdraw money from their Plan within the qualifying dates, they will either invalidate the offer or they’ll need to meet the criteria again to receive the cashback.

How can I check the status of my cashback?

You can track your referrals when you visit your Wealthify account. You’ll be able to see how many people you’ve invited, how many accepted your offer, and how much cashback you could receive.

Each stage of the process will be as follows: 

Signed Up: Someone has accepted your refer a friend request.
Pending: Your friend has qualified.  
Paid: The one you’re waiting for. The cashback has been paid into your Plan.
Not taken up: If someone doesn’t accept your request or doesn’t meet the eligible criteria.  

If your friend clicks through to Wealthify from your refer a friend link and creates their own Plan, the status will show as ‘signed up’. Once they qualify for the cashback it will change to ‘pending’ until the cashback is paid.  

Cashback will be paid 30 days after your friend reaches the criteria of investing £500 or more and keeping it invested for three months.  This means cashback could take at least four months to be paid.

What happens if I close my Plan before the cashback is paid?

Cashback will not be paid if you close your Wealthify Plan. You’ll need to have an active Wealthify Plan to qualify for the offer.

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