RCBC Wealth Referrer Rewards Promo

 

Sub-descriptor of Promo Name 

Get up to P180,000 worth of lifestyle gift certificates when you’ve successfully referred friends and family to RCBC Wealth! 

Promo Period

  • Promo runs from June 05, 2023 to December 29, 2023.

Promo Mechanics

  1. Qualified Referrers for this promo are all existing RCBC Wealth clients. Existing RCBC clients without an RCBC Wealth Management account, as well as employees of RCBC and its subsidiaries, are not qualified as Referrers for this promo.
  2. To qualify for the Referral incentive, existing RCBC Wealth clients (hereon called as the ‘Referrer’) must successfully refer a new-to-Wealth client (hereon called as the ‘Referral’) to open an investment fund with RCBC Wealth. A successful Referral is defined by the following:
    1. The Referrer must successfully submit a completely filled out Referral form to his/her RCBC Wealth Relationship Manager. In the event that a Referral is endorsed by more than one Referrer, the first Referrer who has submitted the Referral form will be eligible for the incentive.
    2. The Referral is a new-to-RCBC Wealth client who have successfully funded their RCBC Wealth account and placed a minimum investment of P10,000,000.00. The Referral’s relationship with RCBC Wealth should remain for at least 12 months.
  3. Every successful Referral will qualify the Referrer to the following rewards, based on the Referral’s total investment value settled within 90 (ninety) calendar days from initial account opening. There is no limit to the number of Referrals a Referrer can be entitled to, provided that all Referrals are qualified, based on the above mentioned parameters.
Reward Tier Referral’s Total Settled Investment in PHP Reward for Referrer
Tier 1 10,000,000 - 24,999,999 Php 20,000 worth of SSI Purple Card or Power Mac Center Credits
Tier 2 25,000,000 - 49,999,999 Php 45,000 worth of SSI Purple Card or Power Mac Center Credits
Tier 3 50,000,000 - 74,999,999 Php 90,000 worth of SSI Purple Card or Power Mac Center credits
Tier 4 75,000,000 - 99,999,999 Php 135,000 worth of SSI Purple Card or Power Mac Center credits
Tier 5
100,000,000 and up Php 180,000 worth of SSI Purple Card or Power Mac Center credits

Example 1:

Date of Referral’s Account Opening June 05, 2023
Date of Referral’s Investment Settlement September 01, 2023
# of Calendar Days from Account Opening 88 Days
Value of Fund Placement PHP 10,000,000.00
Referrer’s Reward

Total Qualified Placement:

PHP 10,000,000


Reward: Tier 1

Php 20,000 worth of SSI Purple Card or Power Mac Center Credits

Example 2:

Date of Referral’s Account Opening June 05, 2023
Date of Referral’s Investment Settlement September 04, 2023
# of Calendar Days from Account Opening 91 Days
Value of Fund Placement PHP 50,000,000.00
Referrer’s Reward Not Qualified since this is already beyond 90 days from account opening

Example 3:

Date of Referral’s Account Opening June 05, 2023
Date of Referral’s Investment Settlement August 29, 2023 September 1, 2023
# of Calendar Days from Account Opening 85 Days 88 Days
Value of Fund Placement PHP 20,000,000.00 PHP 10,000,000.00
Referrer’s Reward

Total Qualified Placement:

PHP 30,000,000

Reward: Tier 2

Php 45,000 worth of SSI Purple Card or Power Mac Center Credits

  1. Referrers entitled to a reward will be notified via SMS and a call to their registered mobile number by their assigned RCBC Wealth Relationship Manager after 90 (ninety) days  from date of Referral’s account opening:

Sample SMS:

Thank you for referring Mr. <Name of Referred Client> to RCBC Wealth! You are entitled to receive <Qualifying Reward> from RCBC Wealth no later than <30 days from notification>. Please reach out to us at <Tel. No.> for any questions or concerns.

  1. To redeem his rewards, Referrer can either: 
    1. Request for his reward to be delivered by his assigned RCBC Wealth Relationship Manager or
    2. Visit his RCBC Wealth Relationship Manager at his preferred branch to claim his reward
  2. Rewards may be claimed within sixty (60) calendar days  from receipt of the SMS and call. Unclaimed rewards within redemption period shall be forfeited in favor of RCBC with prior approval from DTI.
  3. All rewards are tax-paid. Rewards are not convertible to cash or any other form of reward.
  4. Use of GCs is subject to terms and conditions set forth by PowerMac Center and SSI.
  5. Cut-off for qualified funded accounts is on December 29, 2023, 11:59PM.
  6. All RCBC, its subsidiaries, affiliates, advertising agencies, including its Board of Directors and Advisory Board Members including their relatives up to the second degree of consanguinity or affinity are disqualified from this Promo. 

Terms & Conditions

  1. Referrers may nominate their Referrals by submitting their Referral’s full name, active mobile number, and active email address through a digital form that can only be shared by authorized RCBC Wealth relationship managers to their respective clients.
  2. By submitting a Referral’s personal information to RCBC, Referrer assures that the Referral has given his/her consent to be contacted by an RCBC Wealth relationship manager and that the Referral has agreed to the Privacy Policy of RCBC: https://www.rcbc.com/data-privacy-notice
  3. In the event that a Referral was nominated by two or more Referrers, the Referrer who was the first to submit the Referral’s information based on the digital form submission timestamp will be entitled to the reward. 
  4. Nominations of clients already with an existing RCBC Wealth account will be automatically disqualified.
  5. Existing RCBC clients may still be referred by Referrers, provided  that they do not have an existing RCBC Wealth account and they fulfill all qualifications of a successful Referral within the promo period. 
  6. All RCBC, its subsidiaries, affiliates, advertising agencies, including its Board of Directors and Advisory Board Members including their relatives up to the second degree of consanguinity or affinity are disqualified from this Promo. 

 

Per DTI Fair Trade Permit No. FTEB-168110 Series of 2023.

 

Frequently Asked Questions

  1. Can I refer someone who already has an existing RCBC account?
    • You may still refer existing RCBC clients, provided  that they do not have an existing RCBC Wealth account and they fulfill all qualifications of a successful Referral within the promo period. 
  2. Can I join as a Referrer even if I do not have an existing RCBC Wealth account?
    • Existing clients without an RCBC Wealth account are not qualified as Referrers for this promo.
  3. Who else are disqualified as Referrers for this promo?
    • All RCBC, its subsidiaries, affiliates, advertising agencies, including its Board of Directors and Advisory Board Members including their relatives up to the second degree of consanguinity or affinity are disqualified from this Promo. 
  4. Is there a limit to the number of people I can refer?
    • There is no limit to the number of Referrals you can provide, as long as they qualify based on the parameters set in the promo mechanics.
  5. What if someone else refers the same person that I referred?
    • In the event that a Referral is endorsed by more than one Referrer, the first Referrer who has submitted the Referral form will be eligible for the reward.
  6. What if I failed to claim my reward during the 60-day redemption period?
    • Unclaimed rewards within redemption period shall be forfeited in favor of RCBC with prior approval from DTI.
  7. Can I convert my rewards to cash?
    • Rewards are not convertible to cash or any other form of reward.
  8. Can I split my rewards value between SSI and Power Mac Center GCs? 
    • Yes, you may request a mix of SSI and Power Mac Center GCs as long as the total amount is equivalent to the value of reward you’re eligible for. For example, if you’re eligible for Php 180,000 worth of rewards, you can get Php90,000 worth of SSI Purple Card and Php 90,000 worth of Power Mac Center GCs.
  9. How do I compute the total reward value I'm going to get?
    • Your reward per successful Referral will be based on your Referral’s total investment value settled within 90 (ninety) calendar days from initial account opening. For example:
Date of Referral’s Account Opening June 05, 2023
Date of Referral’s Investment Settlement August 29, 2023 September 1, 2023
# of Calendar Days from Account Opening 85 Days 88 Days
Value of Fund Placement PHP 20,000,000.00 PHP 10,000,000.00
Referrer’s Reward

Total Qualified Placement:

PHP 30,000,000

Reward: Tier 2

Php 45,000 worth of SSI Purple Card or Power Mac Center Credits

Promo runs from June 5 to December 29, 2023 only.

Per DTI Fair Trade Permit No. FTEB-168110 Series of 2023.