Freedom Spending Account

*FAIRWINDS Member Referral Program Terms & Conditions

In order for both the referred individual and the referring FAIRWINDS member to each qualify for and receive the $100.00 referral reward, the following conditions must be met: The referred individual may not have previously been an owner on or a party to a FAIRWINDS account; the referred individual must open a new FAIRWINDS consumer Spending or Checking Account during the eligible program period; the referred individual must open the new account using the referring FAIRWINDS member's unique referral link; and the referred individual must receive in the new Spending or Checking Account a qualifying direct deposit of $200.00 or more (excluding the new account deposit used to fund/open the account) within 45 calendar days of opening. Your qualifying direct deposit needs to be an Automated Clearing House (ACH) deposit of your paycheck, pension, or government benefits (including Social Security) from the government or your employer. Person-to-person transfers (such as Zelle, PayPal or Venmo) and bank transfers between your FAIRWINDS or any other accounts you have at other financial institutions or brokerages do not qualify. The referring FAIRWINDS member must be in good standing with the credit union and must be an owner of a FAIRWINDS consumer Spending or Checking account in order to be eligible for a referral reward. FAIRWINDS Credit Union employees are not eligible to receive any referral program rewards.

Rewards that have been fully earned and qualified for will be paid to each party on or about the 15^th day of the month following the deposit of the qualifying funds into the referred individual's new Spending or Checking Account. Only one reward will be provided per referred individual. A referring FAIRWINDS’ member can only receive a total of up to $1,000 in referral rewards per calendar year. Referred individuals acknowledge that payment of the reward will result in the referring member's knowledge of the referred individual's establishment of a new account with FAIRWINDS.

The Member Referral Program may be terminated or withdrawn at any time, and is subject to change at any time, with or without prior notice. FAIRWINDS reserves the right to suspend or terminate a member's eligibility to participate in this program at any time with or without prior notice. Member Referral Program rewards may not be combined with other offers or programs.  Referral rewards may be reported as income to the IRS and may be taxable to you. The referred individual and the referring member may be responsible for any tax resulting from receipt of a referral reward. Please consult your tax advisor if you have questions about the tax treatment of the referral reward.