RCBC Wealth Referrer Rewards Promo

 

Sub-descriptor of Promo Name 

Get up to P100,000 worth of cash gift when you’ve successfully referred friends and family to RCBC Wealth! 

Promo Period

Promo runs from July 1, 2024 to December 31, 2024.

Promo Mechanics

  1. Qualified Referrers for this promo are all existing RCBC Wealth clients. Existing RCBC clients without an RCBC Wealth Management account 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 account with RCBC Wealth. A successful Referral is defined by the following:
    1. The Referrer must successfully submit a completely filled out digital 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 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 Total Relationship Balance (TRB) of P10,000,000.00 within six (6) months from initial account opening.
  3. Every successful Referral will qualify the Referrer to the following rewards, based on the Referral’s Total Relationship Balance (TRB) after a 6-month period from their  initial account opening.
  4. 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 Relationship Balance in PHP Reward for Referrer
    Tier 1 10,000,000 - 24,999,999 Php 8,000 worth of cash gift
    Tier 2 25,000,000 - 49,999,999 Php 20,000 worth of cash gift
    Tier 3 50,000,000 - 99,999,999 Php 45,000 worth of cash gift
    Tier 4 100,000,000 and up Php 100,000 worth of cash gift

    Example 1:

    Date of Referral’s Account Opening June 01, 2024
    6th month from Referral’s account opening Dec 30, 2024
    Referral's TRB as of 6th month PHP 10,000,000.00
    Referrer’s Reward

    Total Qualified Placement:

    PHP 10,000,000


    Reward: Tier 1

    Php 8,000 worth of cash gift
  5. After 6 months from the time their Referral opened an RCBC Wealth account, the Referrer entitled to a reward will be notified via call and/or SMS to their registered mobile number by their assigned RCBC Wealth Relationship Manager:

    Sample SMS:

    Dear <Mr./Mrs./Ms.> <First Name>

    Thank you for your referral to RCBC Wealth! You are entitled to receive <Qualifying Reward> from RCBC Wealth, which shall be credited to your account ending in XXX no later than <30 days from notification>. Please reach out to us at <Tel. No.> for any questions or concerns.

  6. The cash gift credited to the Referrer’s account at the end of the qualification period will be net of all applicable taxes. RCBC will shoulder the settlement of said taxes.
  7. Cut-off for qualified funded accounts is on December 31, 2024, 11:59PM.

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 warrants 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. This promo cannot be in conjunction with other existing offers by RCBC Wealth. 

Promo runs from July 1, 2024 to December 31, 2024.

DTI Fair Trade Permit No. FTEB-196020 Series of 2024

 

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?
    • Only existing RCBC Wealth clients are qualified as referrers for this promo.
  3. 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. 
  4. 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.
  5. Can I opt to receive my cash gift in separate accounts?
    • Yes, as long as these are still RCBC accounts with you as the primary or secondary account holder. For example, if you are eligible to receive Php 100,000, you may opt to have this credited separately:
      • RCBC Account 1: Php 50,000
      • RCBC Account 2: Php 50,000
  6. 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 180 calendar days from initial account opening. For example:
Date of Account Opening June 01, 2024
Date of Investment Settlement September 4, 2024 December 3, 2024
# of Calendar Days from Account Opening 95 Days 185 Days
Value of Fund Placement PHP 30,000,000.00 PHP 30,000,000.00
Referrer’s Reward

Total Qualified Placement:

PHP 30,000,000

Reward: Tier 2

Php 20,000 Cash Gift

Promo runs from July 1, 2024 to December 31, 2024.

DTI Fair Trade Permit No. FTEB-196020 Series of 2024.