1. Program Overview
The Earning Rewards: $250 Cash Milestone Program offers new, verified organization accounts in the United States the opportunity to earn up to $250 in cash rewards by meeting specific spending engagement milestones.
2. Reward Milestones
To qualify for rewards, all milestones must be completed within 90 calendar days of your account opening date:
- Milestone 1 ($50 Reward): Awarded upon successful account opening and identity verification.
- Milestone 2 ($100 Reward): Awarded once the account reaches a cumulative deposit total of $1,000 into the organization's Switch account.
- Milestone 3 ($100 Reward): Awarded once the account reaches a cumulative net settled spend of $1,000 on Switch-issued cards.
3. Qualifying Spend, Deposits & Exclusions
"Qualifying Deposits" are funds successfully settled into the Switch account via ACH, wire transfer, or check.
- Deposit Exclusions: Internal transfers between sub-accounts or rewards credited by Switch do not count toward the deposit milestone.
- "Qualifying Purchases" include the purchase of eligible goods or services, less any credits, returns, or adjustments.
- Settlement Requirement: Transactions must transition from "Pending" to "Settled" to count toward your progress.
- Spend Exclusions: Cash advances, ATM withdrawals, and P2P transfers (e.g., Venmo, Cash App) do not count toward spend milestones.
4. Reward Availability & Usage Limits
- Timeline: Rewards will be processed within 5 business days of a milestone being triggered, provided the organization has completed the claim steps outlined in Section 8.
- Non-Withdrawable: Reward funds are non-withdrawable and cannot be transferred off the platform via ACH, wire, or P2P transfer.
- Usage: These funds are exclusively available for debit card purchases using your Switch-issued cards.
5. Expiration & Forfeiture of Funds
- Inactivity Period: To ensure active utilization of the program, reward funds must be used within one year of issuance.
- Reclamation Right: Switch reserves the right to reclaim any untouched reward funds if there has been no debit card activity or fund usage for a period of 365 consecutive days.