Cashback Terms & Conditions
Q. How long was this offer available?
A. The offer started on Wednesday 1 July and ended at the latest on Friday 31 July 2020.
The following questions give you some details of what was in the Cashback offer:
Q. Am I eligible for the offer?
A. This offer was open to customers, who do not currently invest and have not previously invested with Royal Bank Invest. To qualify for this offer you must:
- Open an invest account and make an initial investment of at least £100 between 1 July and 31 July 2020 inclusive.
- Start making regular monthly contributions by 31 August 2020 and don’t cancel your regular monthly contribution instruction at any point before 1 November 2020
Standard eligibility criteria apply: you must have online banking, be aged 18-84, have a current account with Royal Bank and be a UK resident for tax purposes
There are a few things we would recommend you consider before starting to invest. Please find these here.
Q. When will I receive my £50 cashback?
A. Provided you have met the terms of the offer, the cashback will be paid into the current account from which you made the regular monthly contributions. It will be paid by 30 November 2020.
Q. How do I start making regular monthly contributions?
A. When setting up your investment for the first time, you will be asked ‘How much do you want to Invest’ and you’ll have the option of entering a single investment amount, monthly investment amount, or both. If you have already set-up your investment and would like to add a regular monthly contribution, you can do so by selecting your Personal Portfolio Fund and selecting ‘set up monthly contributions’. The minimum monthly amount that you can invest is £50.
Q. Can I transfer a Stocks & Shares ISA I have with another provider?
A. You can transfer Stocks & Shares ISAs with other providers to Royal Bank Invest. As we cannot guarantee that your current provider will transfer it over by 31 July 2020, ISA Transfers will not count towards the £100 initial investment. Alternatively, to benefit from this offer you can open a General Investment Account. However, UK Income Tax and Capital Gains Tax may be payable on any investment growth.
Q. If I open multiple funds will I get multiple cashback?
A. The maximum cashback that we will pay to you is £50 regardless of the number of Royal Bank Invest eligible accounts you hold.
Q. If I have a joint current account will both myself and the joint account holder receive £50?
A. Provided you both have separate Invest accounts and eligibility criteria is met you will both receive cashback.