Terms & Conditions of Endowus “Endowus Referral Program

Through the Endowus Referral Program you can invite friends to sign up for an Endowus account by sending them an invitation via the Endowus platform.

Please send invites only to people you know personally who will be glad to get them. Referrals should only be used for personal and non-commercial purposes. Do not spam anyone with referral invitations. This includes mass emailing, texting or messaging people you do not know or using automated systems or bots through any channel to distribute your referral link. Do not pay to advertise your referral links. Endowus may send one invite and up to two reminders to each friend you invite with your name.

For "Qualifying New Accounts" (as defined below) Endowus will award fee credits which will be used to waive a given amount of its fees applicable to your Endowus account. For the avoidance of doubt, this does not affect your fund-level fees due to the fund manager.

Subject to the limitations above, a "Qualifying New Account" is a new individual Endowus account opened by your Endowus referee friend using the specially designated link from your invitation, which your referee friend funds with an initial investment of at least S$1,000, provided that the initial deposit is not withdrawn for 90 days. Endowus is not responsible for incorrect entry or other failures on the part of your referee friend to meet the standards of a Qualifying New Account. A referred friend may only use one referral link. If a referred friend receives referral links from multiple referrers, only the referrer associated with the referral link actually used by the referred friend will receive the fee credit.

This promotion is not valid with any other offers and is not transferable, may not be transferred to another person or exchanged for cash. You are responsible for any tax consequences, if any, that may result from your redemption or use of fee credits.