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PrizeSaver Terms and Conditions

 

  1. The Association of British Credit Unions Ltd, are providing a prize draw facility to Advance Credit Union. ABCUL are the holder of all intellectual property rights for PrizeSaver. Association of British Credit Unions Ltd will provide reasonable notice in advance to any participating credit union of any change taking effect if they have elected to either:
    1. terminate the scheme and cease to operate prize draws before the scheduled end date of the extension period or
    2. extend the scheme period.
  1. We will operate a free monthly prize draw for all participating credit unions with a main prize of not less than £5,000 and at least twenty smaller prizes of not less than £20 each. The monthly prize draw will take place around the 15th of each month or the next working day, although in exceptional circumstances the prize draw may be postponed or cancelled. Winners will be selected via a randomised computer process from all valid entries from all the participating credit unions.

3. To be eligible to enter the prize draw, you must:

    1. have a PrizeSaver account with us;
    2. hold your PrizeSaver account in your sole, personal capacity and not jointly with any other person or in connection with the operation of any business or commercial undertaking;
    3. be aged 18 or over;
    4. be a resident of England and Wales or Scotland.
  1. Employees or volunteers of Advance Credit Union and their family members can be included in the prize draw.
  1. By opening a PrizeSaver account with us, you are applying to participate in the prize draws and agree to comply with these prize terms. We will automatically enter you into any of the prize draws that you are eligible to enter. Participation in the prize draws will not affect any of the conditions of your PrizeSaver account, including the interest rates (if any) applicable to your PrizeSaver account.  5.1. We do not permit banks to be listed as account holders. Deposits must be made exclusively via bank transfers from individual or organisational accounts.
  1. For every £1 that you have in your PrizeSaver account as at the end of each calendar month, you will have one entry into any prize draw that takes place in the following month. You can have a maximum of 200 entries into the prize draw. This maximum amount applies regardless of whether you have more than £200 in your PrizeSaver account.
  1. You may only have one PrizeSaver account. If you open more than one PrizeSaver account or attempt to do so, you may be disqualified from entering into any prize draws.

8. We may also arrange other prize draws in addition to the monthly prize draws. These other prize draws may be limited to particular credit unions or particular types of customers. We will enter you for any other prize draw for which you are eligible. Any other draws will be operated on the same terms as the monthly draws, but we reserve the right to increase the number or amount of the prizes. We will notify you of the details of any other prize draw that you may be entered for.

The arrangements for the payment of each Prize shall be as follows:

a) ABCUL will undertake the relevant Prize Draw and will identify the Winning Members. b) Within two Working Days of the Prize Draw being undertaken, ABCUL will identify to the Credit Union any of its Members who are the Winning Members and the amounts they have won. c) Where the Prize is a Headline Prize:

i. Within three Working Days of ABCUL notifying the Credit Union of the identity of a Winning Member, ABCUL shall pay the amount of that Winning Member’s Prize into the Credit Union’s Designated Account.

ii. Within five Working Days of the receipt of the amount of the Headline Prize into  the Credit Union’s Designated Account, the Credit Union must notify the Winning  Member:

iii. that they have won the Headline Prize: and

iv. the calendar date by which the Winning Member must notify the Credit Union of the details of the Member’s Prize Account (as determined in accordance with paragraph.

8.1) (iii) below).
iii. Not less than 45 days after the date on which the Headline Prize has been paid into the Credit Union’s Designated Account (the” Collection Period”), the Winning  Member must identify to the Credit Union the details of the account into which the Winning Member wishes the Headline Prize to be paid (the” Member’s Prize  Account”), which must be an account in the sole name of the Winning Member with a credit institution or credit union in the UK (excluding Northern Ireland).  The Member’s Prize Account may, for the avoidance of doubt, include an account with the Credit Union and may include the PLS Account.
iv. Within five Working Days of being notified of the details of the Member’s Prize  Account, the Credit Union must pay the amount of the Headline Prize into the  Member’s Prize Account.
v. If the Winning Member fails to notify the Credit Union of the details of Mthe ember’s  Prize Account within 28 days of the Headline Prize being paid into the Credit  Union’s Designated Account, the Credit Union will attempt to contact the
Winning Member on at least two occasions on two separate days before the end of the Collection Period in order to obtain that information.

  1. You can find details of the prizes for each prize draw on our website. 
  1. We reserve the right to increase the amount or number of the prizes in a monthly prize draw (either for that particular prize draw or for future prize draws as well). The minimum amount of each prize, the minimum number of prizes in any prize draw set out in paragraph 2 above and the value of each entry into a prize draw will not be changed prior to the end of the scheme, but we may amend any of the other terms of the prize draw, including the maximum number of entries each person can have in any prize draw. We will notify you at least 14 days in advance if the organisers notify us of any change to the monthly prize draw arrangements. If you no longer wish to take part in future prize draws based on the amended terms, you will need to close your PrizeSaver account with us.
  1. We reserve the right to postpone a particular prize draw. We expect that prize draws will not be postponed other than in exceptional circumstances, such as where there are technical or operational problems with the prize draw or if the prize draw cannot take place due to circumstances outside the organiser’s reasonable control. In the unlikely event that those circumstances cannot be remedied, the organisers reserve the right to cancel the prize draw. We will notify you promptly but will not be responsible if the organisers choose to postpone or cancel any particular prize draw. If a prize draw is postponed, we will notify you once the organisers have notified us that the prize draw is being re-run.
  1. The Association of British Credit Unions have the right to terminate or suspend the involvement of any participating credit union in the scheme. If the organisers exercise any of these rights in respect of Advance Credit Union, we will notify you as soon as possible, explaining the consequences for your participation in the prize draws, and you will have the option to close your PrizeSaver account.
  1. If you win a prize:
    1. We will normally write to you at the latest postal or email address we have for you in our records to notify you within 21 days of the prize draw taking place. We do not accept any responsibility if you do not receive this notification due to any technical reason or as a result of your address being incorrect or incomplete.
    2. If you win the headline prize in any prize draw:
    3. you must give us the details of a UK bank account or a UK credit union account in your name into which the prize must be paid. You may nominate your PrizeSaver account for this purpose, but you may also use a different account in your own name if you prefer; and
    4. when we notify you that you have won, we will also tell you what the deadline is for you to give us the details of the account referred to in (i) above. If you have not given us the information by that day, if you decline to accept the prize or if we have been unable to reach you after reasonable attempts using the contact details we have on record, you will forfeit the prize.
    5. In relation to all prizes other than the headline prize, we will pay your prize money directly into your PrizeSaver account.
    6. We do not accept any responsibility if you are not able to take up a prize.
  1. The decision regarding prize winners is final and no correspondence or discussion will be entered into, other than with the winners.
  1. Unless otherwise agreed in writing by us, a prize will only be awarded directly to the registered holder of the PrizeSaver account.
  1. If there is an error in relation to any prize draw, we may decide in its discretion whether it will re-run the prize draw.
  1. If, for whatever reason, you are left out of a monthly prize draw for which you would have been eligible, we will not be responsible to you for any potential prize you could have won.
  1. If you:
    1. open more than one PrizeSaver account or attempt to do so; or
    2. provide any information in relation to the prize draw that you know to be untrue; or
    3. if we otherwise suspect that you are acting fraudulently or dishonestly we may take steps to recover any money inappropriately awarded to you. We may also close your PrizeSaver account, and you may be prevented from entering any future prize draws.
  1. Winners may be requested to participate in future publicity but will not be required to do.

20. We will contact you if we wish to ask you to participate in future publicity.

21. If, at any time, you decide that you no longer wish to take part in future prize draws, you will need to close your PrizeSaver account. You will not incur any fees or charges by closing your PrizeSaver account.

22. If you close your PrizeSaver account, you will automatically be excluded from any future prize draws.

23. We may amend these terms at any time to reflect any changes to the arrangements for the prize draws that we make from time to time. You should check our website cashbox.org.uk from time to time to familiarise yourself with any changes to these terms.

24. On termination or expiry of the scheme, the prize draws will cease, and we will transfer your PrizeSaver funds into your Share Account.

25. In the event of a conflict between these prize terms and any other terms relating to your PrizeSaver account, these prize terms shall prevail.

26. These terms shall be governed by English law, and the parties submit to the non-exclusive jurisdiction of the courts of England and Wales. If you are a resident of Scotland, you may also bring proceedings in the courts of Scotland.

27. The promoter of the prize draws is Advance Credit Union, 200 Sutton New Road Erdington, Birmingham B23 6QU. The promoter shall have sole responsibility for the prize draws, but you agree that the organisers shall have the right to enforce any provision of these prize terms and participate in the conduct or resolution of any claim or dispute arising out of or in connection with the prize draws or the PrizeSaver account in its sole discretion as if it was a party to these terms.

28. Advance Credit Union will use the information you provide to apply for your PrizeSaver account and any information that is generated or collected once your PrizeSaver account is opened (as applicable), to provide the PrizeSaver account, to communicate with you and to comply with applicable legal requirements. Advance Credit Union will also share your information with the organisers to operate the prize draws and evaluate the effectiveness of the prize draws. For more information, please read our privacy policy.