Summary
Sidekick's Welcome Bonus scheme allows customers to earn a cash reward when they apply with a qualifying code (which may be advertised via email, social media, on our website or app, or through other channels) to open and maintain a qualifying Savings or Investment product.
| Savings | Investment |
Qualifying threshold | £1,000 | £5,000 |
Holding period | 90 days | 180 days |
Reward | £25 | £100 |
The customer will only qualify for ONE reward across the entire scheme, with a maximum reward of £100. You can open both a Savings and an Investment account, but once you have qualified for a reward on either product, you are not eligible to receive an additional reward for the other product.
The reward is normally paid into your Sidekick Wallet on the last day of the holding period. Occasionally for operational reasons, payment can be made up to 5 working days later. No rewards will be paid until we've confirmed the qualifying balance was maintained throughout.
Promotion Period
This scheme runs from the effective date of these terms until withdrawn - see 'Withdrawing or changing this promotion' below.
How It Works
Open a qualifying Savings or Investment account using a qualifying code.
Deposit funds until your balance reaches the qualifying threshold for that product: £1,000 for Savings or £5,000 for Investment. You can build up to this gradually, across any number of deposits, at your own pace.
The date you reach the threshold is your Qualifying Date will be when your holding period starts.
You can only take part once.
Once you've reached the threshold
You must keep your balance at or above the qualifying threshold for the whole holding period, ie 90 days for Savings or 180 days for Investment. Each redemption has its own holding period, running from its own Qualifying Date, independently of any other redemption you're involved in. Note, for Investment, this is based on your net deposited amount, not market value - see "Investment Risk" below.
If your balance dips below the threshold at any point during the holding period, the reward associated with that redemption is lost in full. There's no partial reward, and you can't requalify on that reward. You can only receive one reward under this scheme.
Once the holding period ends without any dip below the threshold, the reward is paid automatically to your Sidekick Wallet - you don't need to do anything.
Investment Risk (Investment product only)
Your capital is at risk when invested. The value of investments can go down as well as up, and you may get back less than you invested. Past performance isn't a reliable indicator of future results. This is not investment advice or a personal recommendation. If you are unsure whether investing is right for you, seek independent financial advice.
For the purposes of this scheme, the qualifying balance for Investment products is based on the amount you have deposited and not subsequently withdrawn - not the current market value of your investment.
If the value of your investment falls because of market movements alone, this does not affect your qualifying balance and your reward is not at risk. Only a withdrawal that takes your net deposited amount below the qualifying threshold will mean that you are no longer eligible for the reward.
Maximum Reward
You can only benefit from one reward across this entire scheme. If you open both a Savings account and an Investment account, the reward will be based on whichever product's threshold you meet first. Once you have received a reward (either £25 for Savings or £100 for Investment), you are not eligible to receive an additional reward, therefore the maximum reward for this promotion is £100.
Qualifying Codes and Getting It Right
Qualifying codes are issued by Sidekick and may be advertised via email, social media, on our website or app, or through other channels. One qualifying code can be used by multiple customers to open accounts under this scheme.
If you think a qualifying code hasn't been recorded correctly, let us know within 60 days of the date the qualifying threshold was met. We won't be able to pay a reward for an unverified redemption after that.
Anti-Gaming and Misuse
One Sidekick account per customer. If we find multiple accounts held by the same person, that person will be disqualified from this scheme and any reward paid may be recovered.
You must not have previously held an active account with Sidekick, regardless if that account has since been closed.
Qualifying codes provided by Sidekick are for legitimate personal use only. Any attempt to manipulate, duplicate, share, misuse, or trade qualifying codes is prohibited. We reserve the right to deactivate a code and disqualify any accounts associated with it if we reasonably believe the code has been misused.
Any evidence of coordinated account creation, collusion with Sidekick employees, or use of automated tools to create multiple accounts or manipulate balances will result in disqualification and potential recovery of all rewards paid.
We may withhold, withdraw, or correct a reward including recovering one already paid if we reasonably believe you're not eligible, there's been an error, or there's fraud, gaming, or misuse involved.
Withdrawing or Changing This Promotion
We may withdraw or change this scheme at any time. Doing so won't affect rewards already paid, or referrals where the Redeemer's Qualifying Date fell before the change took effect.
Other Important Terms
Tax: the tax treatment of this reward depends on your individual circumstances. We make no representation as to its tax treatment, and you're responsible for your own tax affairs. Seek specialist advice if you're unsure.
Investment products listed under Advanced Opportunities are not eligible for this scheme.
Sidekick's standard terms and conditions continue to apply in full and aren't affected by this scheme.
We aren't liable for delays, failures, or technical issues affecting the referral process, except where the law requires otherwise.
These terms are governed by the laws of England and Wales. If something goes wrong, we'll try to resolve it directly - this doesn't affect your right to complain through Sidekick's complaints procedure, or to refer a complaint to the Financial Ombudsman Service.
Sidekick Money Ltd is a company registered in England and Wales (No. 13882980). Sidekick Money Ltd is authorised and regulated by the Financial Conduct Authority (FRN 984829). Our address is 6-7 St Cross Street, London, EC1N 8UB.