The availability of Direct Deposit is subject to your employer sending paycheck information 1-2 days in advance of payday.
Early access compared to standard banking practice of posting funds at settlement and subject to your employer providing pay information to the bank prior to payday. It may take up to two pay cycles for Direct Deposit to take effect. Transactions are reviewed, which may result in delays or funds being frozen or removed from your account.
Eligible Participant: Open only to individuals who: (1) are residents of any one (1) of the fifty (50) United States or the District of Columbia, (2) are eighteen (18) years of age or older, (3) have an existing U.S. Venmo account in good standing (“Valid Account”), (4) have completed the first step in the verification process for Direct Deposit with Venmo (they have obtained their Venmo account and routing number), and (5) view a paid media banner inviting participation in the offer (“Invitation”) (eligibility for/those who receive the Rewards will be determined solely by Venmo) (“Eligible Participant”).
Offer Period: Starts November 16, 2021, at 12:01 a.m. PT and ends January 31, 2022, at 11:59:59 p.m. PT (“Offer Period”).
How to Qualify: Eligible participants must: (1) complete the employer (or government) form with their Venmo account and routing number and Direct Deposit amount, and (2) receive at least two (2) Direct Deposits into their Valid Account totaling a combined $500 USD or more (“Qualifying Transaction”) during the Offer Period, and (3) have not previously received a Direct Deposit through Venmo.
Reward: Upon completion and verification of the Qualifying Transaction, you will receive a Limited- Edition metal (“Onyx”) Venmo Mastercard Debit Card (“Card”) by March 31, 2022 (“Reward”). If a Qualifying Transaction does not complete or is not recorded by Venmo’s servers during the Offer Period, for any reason, that Qualifying Transaction will not qualify for the Reward. The Card will be mailed to your address on record for your Venmo account within no later than March 31, 2022. There are only 50,000 Rewards available during the Offer Period; Rewards will no longer be available once the limit is reached. There is a limit of one (1) Reward per Venmo account.
Miscellaneous: Valid Account must remain in good standing from the time of participation through Reward fulfilment to redeem a Reward, as determined in Venmo’s sole discretion. Venmo may provide an alternate reward of equal value if it is unable for any reason to fulfill the Reward. Venmo reserves the right to cancel, suspend or modify this offer in part or in its entirety at any time without notice, for any reason in its sole discretion. Similar offers may run at the same time; qualification for this offer does not constitute qualification for any other offer. Venmo is not responsible and/or liable if any e-mail, Reward, Qualifying Transaction, or offer-related materials or correspondence are lost, fraudulent, abusive, stolen, late, incomplete, illegible, interrupted, delayed, altered, defective, misdirected, tampered with, or irregular in any way or if any participant’s e-mail address, Valid Account, or other contact information does not work, is deleted, or is changed without participant giving prior written notice to Venmo. Venmo reserves the right to review any account or transaction related to this offer, in its sole discretion, without notice, and delay or reverse completion of the Reward. Offer is void where prohibited and if Qualifying Transactions are fraudulent, abusive, not completed through legitimate channels, or irregular in any way. Certain offers may not be transferable. Participation is subject to the Venmo User Agreement. Any questions relating to the offer will be resolved in Venmo’s sole discretion and its decisions related to the offer will be final and binding.
The Venmo Mastercard is issued by The Bancorp Bank pursuant to license by Mastercard International Incorporated. The Bancorp Bank; Member FDIC. Card may be used everywhere Mastercard is accepted in the U.S. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The Bancorp Bank is issuer of the Card only and not responsible for the associated accounts or other products, services, or offers from Venmo.