Participants:

• New OwnBank Users
• Existing OwnBank Users

Promo Period:

• From: August 5, 2024
• To: September 5, 2024

Coverage Area: Nationwide

How to Join:

• Spend a minimum of ₱1,000 in a single receipt or more online transaction using your OwnBank virtual card.

Mission & Prizes:

Note:

1. Users can receive only one Own It Trial Bonus voucher per day, with a maximum limit of 30 vouchers during the promo period.
2. If a user completes multiple missions in a single day, the reward shall be determined based on the highest single receipt transaction achieved.
3. The rewards accumulated daily throughout the week will be distributed every Tuesday of the following week.
4. The vouchers apply to the user’s Own It savings account and each voucher can be used once.

Deadline for Entries: 11:59 PM, September 5, 2024

Distribution of Rewards:

1. Users who qualify for a mission will receive their ‘Own It Trial Bonus’ voucher in their registered OwnBank account.

2. Users can access this voucher on the ‘Voucher Page’ of their OwnBank app.

Own It Trial Bonus Voucher Mechanics

Note:

1. The Own It Trial Bonus Vouchers can be used within one year from receipt.

2. The Own It Trial Bonus Vouchers are redeemable for up to 60 days after the promotional period ends.

3. Interest earned is subject to a 20% withholding tax. The Own It Trial Bonus Voucher has an interest rate of 6% per annum.

4. To compute the interest earned, the following formula is applied:

• Net Interest Earned = Own It Trial Bonus Voucher Amount x 6% x Days / 360 ​* Duration less 20% withholding tax
  
  Example:
• Gross Interest Earned: ₱500,000 x 6%  x 3 /360 = ₱250
• Tax: ₱250 * 20% = ₱50
• Net Interest Earned: ₱250 - ₱50 = ₱200
  

TERMS AND CONDITIONS:

1.  Transactions made from the following categories within the promo period are considered qualified:

a.     Local Online Transactions

b.     International Online Transactions
 

2.   However, transactions made from the following are NOT qualified in this campaign:

a.      Online Gambling Transactions: All types of transactions related to online gambling are not eligible for this campaign. This includes, but is not limited to, transactions made on online gambling platforms, purchases of gaming credits or virtual goods, and transactions generated from activities that involve a bet or a game of chance for money or other desired stakes.  

b.      Quasi-Cash or Cash-In Transactions:  Any transactions that are classified as quasi-cash or cash-in transactions will not qualify for this campaign. This includes transactions on Forex platforms such as eToro, digital wallet top-ups such as Grab Wallet and Lazada Wallet, and other similar platforms. Please note that this is not an exhaustive list and other similar transactions may also be classified as quasi-cash or cash-in transactions.  

c.       Trading Services / Remittances: Transactions made on trading platforms or remittance services are not eligible for this campaign. This includes, but is not limited to, stock trading, cryptocurrency trading, and money transfer services.  

d.      Illegal Transactions: Any online transactions related to the purchase of illegal drugs or illegal products are strictly prohibited and will not qualify for this campaign. This includes, but is not limited to, transactions made on online platforms known for drug trade or illegal trade, purchases of substances classified as illegal drugs, purchases of products that are banned or restricted by local laws, and any transactions that are in violation of the local laws.  

3.     Any disputed transactions by the user that initially qualified them for the Own It Trial Bonus voucher, any interest earned from the redeemed voucher will be charged back to their account. The user will be notified via email or phone call that the cost of the redeemed item will be charged to their account.

4.     Only successful, completed, and posted transactions reflected in OwnBank’s system will be considered. Any delay in posting, failed transaction, cancellation, or reversal within the campaign period will not be counted regardless of any cause of the delay or failure. Valid Card Transactions must be performed within the campaign period.

5.     OwnBank reserves the right to disqualify any participating users from the promotion if any fraudulent activity is identified. The bank's decision on all matters relating to the promotion is final and binding.

6.     For any queries related to this promotion, please reach out to the OwnBank Customer Service hotline at +63 (02) 7777 0111 or email us at cs@ownbank.com.ph.  

7.     Any questions or disputes concerning the user's eligibility for the promotion, the redemption process, the coverage of dates, or the fulfillment of rewards will be addressed by OwnBank, in agreement with the Department of Trade and Industry (DTI).

Visit OwnBank App Page For Complete Details

Promo Duration From August 5, 2024 To September 5, 2024

Per DTI Fair Trade Permit No. FTEB - 198412 Series of 2024