Break Up With Bad Banking and Move On With SoFi
SoFi (NASDAQ: SOFI) has launched a new brand campaign titled “Break Up With Bad Banking,” urging consumers to move away from unfulfilling relationships with traditional banks. This initiative coincides with Valentine’s Day and highlights the low approval ratings of banks. The campaign includes digital and influencer marketing across social media platforms and TV ads starting early March. SoFi is also rewarding participants with $75,000 in SoFi Reward Points through a TikTok challenge and engaging fans during the Super Bowl with additional giveaways. SoFi recently completed its acquisition of Golden Pacific Bancorp (OTCPK: GPBI), offering a competitive APY of up to 1.00% for direct deposit accounts.
- Launch of 'Break Up With Bad Banking' campaign to attract new customers.
- Engaging social media strategy with contests and giveaways enhancing brand presence.
- Competitive APY of up to 1.00% on direct deposit accounts, appealing to consumer interest.
- Successful acquisition of Golden Pacific Bancorp expands SoFi's banking capabilities.
- None.
SoFi Says No More to Staying in an Unfulfilling Relationship
Research shows that the average adult in
“Sometimes we stay in relationships that don’t fulfill us even though we know it’s time to break up. Our new ‘Break Up with Bad Banking’ campaign is a call to action for consumers to wake up from financial complacency and join a bank that truly understands their wants and needs,” said
The campaign is kicking off with a digital and influencer campaign and sweepstakes across
As part of the campaign, SoFi is calling on members to Break Up With
This announcement comes on the heels of SoFi announcing the completion of its acquisition of
To learn more about the campaign visit www.sofi.com/breakup.
About SoFi
SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing and protecting give our nearly three million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. SoFi is also the naming rights partner of
Disclosures
SOFI BREAKUP CHALLENGE
TERMS AND CONDITIONS
ELIGIBILITY: The SoFi Breakup Challenge (“Challenge”) is open solely to SoFi members who at the time of participation are: [1] legal residents of the 50 United States (including the
Challenge begins at
Weekly Period Details
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Each entry into the Challenge will be considered for a weekly competition prize or the grand prize competition, depending on the date and time the Entry is received, evaluated, and scored by the judging panel. After the end of each Weekly Period, the Sponsor will announce up-to-five (5) top scoring entries (subject to verification) as weekly winners for that given Weekly Period. Any announced and verified weekly winners will not qualify for subsequent Weekly Periods competitions, but will be rejudged for the Grand Prize competition. Any nonwinning entry will qualify to compete in subsequent competitions (if any).
HOW TO SUBMIT ENTRY:
(a): Record sixty seconds (60) or less video sharing how you feel about breaking up with bad banking (“Challenge theme”) while incorporating the SoFi Break Up Song by Jax (“Music Asset”) into your video.
(b): Post your video on Instagram or
Your video posted according to steps a and b (above) are referred hereafter as an “Entry.” If it is found an Entrant has submitted more than one (1) Entry for a given Weekly competition, the Sponsor will consider the first submission pulled from Instagram or
Entrants must have a smartphone or other wireless or electronic device that supports Instagram and
Only Entries submitted via Instagram or
By submitting an Entry, each Entrant acknowledges and agrees that Sponsor may receive many Entries in this Challenge and that such other Entries may be similar or identical in theme, idea, format or other respects to Entrant’s Entry and Entrant waives any and all claims Entrant may have had, may have, and/or may have in the future that any Entries accepted, reviewed and/or used by the Sponsor may be similar to or the same as his/her Entry. Furthermore, by submitting an Entry, you, the Entrant, agrees that Sponsor has no obligation to post or publish your Entry, that all such postings or publication, if any, will be in Sponsor’s sole discretion and that the posting or publication of an Entry does not have any bearing on whether the Entry will be determined as a winner. Without limiting the generality of the foregoing, Entrant agrees that the Entry may be posted and shared by others and that the Challenge Entities are not responsible for any unauthorized use of Entries by third parties.
Sponsor reserves the right to disqualify any Entry for any reason, in its sole and absolute discretion. Sponsor is under no obligation to disclose why an Entry has been disqualified other than the Entry was ineligible under these Terms and Conditions. Entries subject to all notices posted at SoFi.com, including these Terms and Conditions.
MUSIC ASSET DETAILS: Entrants may not use Music Asset to create any Entry that duplicates or is similar to any copyrighted material, or in any manner that could otherwise infringe the copyright or any other intellectual property of any third party. Music Asset is available to Entrants solely and strictly for the purpose of use in Entrant’s Entry submission in the Challenge in accordance with these Terms and Conditions. Music Asset can be downloaded from the designated website and must NOT be used for any purpose other than incorporation in Entrant’s Entry. All rights to Music Asset are reserved to Sponsor. Any individual who exploits or otherwise makes use of any of the Music Asset for any purpose other than in an Entry to be submitted in the Challenge is in violation of criminal and civil laws and the Sponsor reserves the right to prosecute, and to seek damages from such individual(s) to the fullest extent allowed by law. Each Entrant acknowledges and agrees the Music Asset made available as part of the Challenge is owned by Sponsor, and/or their respective affiliates and/or licensors, as applicable, and are protected by intellectual property laws. Sponsor hereby grants, and Entrant hereby accepts, a limited, non-exclusive, non-transferable, revocable right and license to use the Music Asset as part of the Challenge Entry. Entrant further acknowledges and agrees he or she may not reproduce, duplicate, modify, perform, transfer, post, distribute, sell, or create derivative works of or otherwise use or make available any portion of the Music Asset other than as specifically permitted herein.
ENTRY RESTRICTIONS: Each Entry must be original, in English and not copied from any other work and must not infringe upon the rights of any third party. Content that may NOT be contained in an Entry includes, but is not limited to, the following:
- except for when an email address is requested for purposes of contacting a potential winner, any content providing personally identifiable information about yourself or any third parties, such as address, phone number or any contact information.
- content in violation of third-party rights including, but not limited to copyrights, trademark, right of publicity or any other proprietary rights unless allowed by Sponsor such as the Music Asset noted herein;
- content that is libelous, defamatory, disparaging or tortious;
- content that is pornographic, adult-oriented, or sexually explicit;
- content portraying or referring to lotteries or gambling;
- content portraying or including explicit or offensive language;
- content portraying or advocating violence, illegal activities, tobacco, alcohol, or drugs, dangerous stunts;
- content portraying or referring to weapons of any kind including, but not limited to, guns or bombs;
- content that promotes bigotry, racism, hatred, or harm against any group or individual or promotes discrimination based on race, sex, religion, nationality, disability, sexual orientation, age or any basis protected by federal, state, or local law, ordinance, or regulation;
- content that denigrates, disparages, or reflects negatively on the Sponsor, its services and products or its employees, or on any other person, company, services or product, or that disparages Sponsor’s competitors;
- prior to entering Challenge, content must not have been published, submitted, or otherwise used for any commercial purpose;
- content that communicates messages or images inconsistent with the positive images and/or goodwill to which Sponsor wishes to associate;
- depict or otherwise identify a minor unless a parent or legal guardian is the Entrant;
- depict or otherwise identify a pet unless its legal owner is the Entrant;
- must not contain any computer viruses, Easter eggs, worms, Trojan Horses or other harmful component or programming routines intended to damage, detrimentally interfere with, surreptitiously intercept, or expropriate any system, data or personal information. Entries containing any such aspects and/or that are in violation of law or otherwise deemed by Sponsor, in its sole discretion, to be prejudicial to Sponsor or inappropriate in any way, will be disqualified. Entries determined, in Sponsor’s sole discretion, to infringe on any intellectual property rights or other rights will be disqualified.
If an Entry includes any of the prohibited elements listed above, the Entry will be disqualified. The above list is not intended to be exhaustive; the Sponsor may disqualify any Entry if it contains any content the Sponsor and/or the Administrator deems, in their sole discretion, to be offensive or obscene in any way or to comply with these Terms and Conditions. If the Entry contains any material or elements that are not owned by the Entrant and/or which are subject to the rights of third parties, the Entrant is responsible for obtaining, prior to submission of the Entry, any and all releases and consents necessary to permit the use and exhibition of the Entry by Sponsor in the manner set forth in these Terms and Conditions. Sponsor reserves the right to request proof of these permissions in a form acceptable to Sponsor from any Entrant at any time.
By entering, Entrants, including all winners, grant the Sponsor permission (except where prohibited by law) to use his or her name, Entry, any testimonial obtained by Sponsor, hometown, statement(s), likeness, image, voice, appearance, prize won (if Entrant is determined a winner), for promotional purposes, advertising, publicity in any and all media, including online posting, now or hereafter devised throughout the world in perpetuity without further compensation.
JUDGING: A panel of judges consisting of personnel from the Sponsor (“judging panel”) will determine the top scoring Weekly Period Entries and the overall top scoring Grand Prize entry based on the following weighted judging criteria:
a) Best technical composition of the video (
b) Best artistic composition of the video (
c) Creativity of Submission (
d) Suitability for advertising and publicity purposes (
e) Adherence to the Challenge theme (
TIES: In the event of a tie, the Entry from among the tied Entries with the highest score for technical and artistic composition of the video will be declared the winner. In the event of a further tie, the Entry from among the tied Entries with the highest score received for Adherence to the Challenge theme will be declared the winner. The decisions of the judging panel are final and binding on all matters relating to determination of any winning Entry.
Sponsor reserves the right to not award any prize if, in its sole and absolute discretion, it does not receive enough eligible Entries to be considered for a Weekly Period prize or the Grand Prize.
PRIZES: Up-to-five (5) prizes awarded per Weekly Period (up-to fifteen (15) in total):
WINNER NOTIFICATIONS: Weekly Period winners will be notified within 3-4 days from date of winner determination and the Grand Prize winner will be determined on or about
ASSIGNMENT OF RIGHTS: Each Entrant hereby acknowledges that his or her Entry in the Challenge and all other materials of every kind whatsoever created by Entrant relating to the Challenge (collectively, the “Work”) are a “work made for hire” (as that term is used in
CONSENT AND RELEASE: To the fullest extent possible in law, Entrants, and on behalf of themselves and on behalf of their respective heirs, executors, administrators, legal representatives, successors and assigns (“Releasing Parties”), release, defend and hold harmless the Challenge Entities, Instagram or
ARBITRATION: This Challenge shall be governed by and interpreted under the laws of the
GENERAL: In the event of a dispute as to the ownership of any Entry, the authorized account holder of the email address used to register the social media account will be deemed to be the Entrant. The “authorized account holder” is the natural person assigned an email address by an Internet access provider, online service provider or other organization responsible for assigning email addresses for the domain associated with the submitted address. Winners may be required to show proof of being the authorized account holder.
Any Entry that has been tampered with or altered, or mass Entries or Entries generated by a script, macro or use of automated devices are void. The Sponsor is not responsible for: (i) human or technical error, omission, interruption, deletion, defect, delay in operations or transmission, theft or destruction or unauthorized access to or alterations of Entry materials, or for technical, network, telephone equipment, electronic, computer, app, hardware or software malfunctions of any kind, or inaccurate transmission of or failure to receive Entry information by Sponsor on account of technical problems or traffic congestion on the Internet or at any website or any combination thereof; (ii) any injury or damage to Entrant’s or any other person’s computer related to or resulting from participating in the Challenge, or (iii) the failure of any third party to comply with the instructions and proper administration of this Challenge. By participating in the Challenge, Entrants (i) agree to be bound by these Terms and Conditions, including all eligibility requirements, and (ii) agree to be bound by the decisions of Sponsor and the Administrator, which are final and binding in all matters relating to the Challenge. Sponsor reserves the right at its sole discretion to disqualify any individual that tampers or attempts to tamper with the entry process or the operation of the Challenge or website or violates these Terms and Conditions. LEGAL WARNING: ANY ATTEMPT BY AN INDIVIDUAL, WHETHER OR NOT AN ENTRANT, TO DELIBERATELY INTERFERE WITH THE OPERATION OF THE CHALLENGE, IS A VIOLATION OF CRIMINAL & CIVIL LAWS AND SPONSOR RESERVES THE RIGHT TO SEEK DAMAGES AND DILIGENTLY PURSUE ALL REMEDIES AGAINST ANY SUCH INDIVIDUAL TO THE FULLEST EXTENT PERMITTED BY LAW.
WINNERS LIST: For a list of winners (available after
PRIVACY: By entering the Challenge, the information Entrants provide may be sent to promotional partners. Entrants may be contacted by the Sponsor and/or any promotional partners with future promotional offers. Information provided by entrants to participate in this Challenge is subject to Sponsor’s privacy policy located at https://www.sofi.com/privacy-policy/.
SPONSOR:
ADMINISTRATOR:
This Challenge is in no way promoted, endorsed, or administered by, or associated with any social media entity, including but not limited to Instagram® and
Rewards Points: Your ability to earn or redeem points may be suspended or terminated if your account is not in good standing. Additional terms and conditions may apply. Please review your “How to earn points” page in your app for additional details. Brokerage and Active investing products offered through
*Members must first sign up for a SoFi Money® account and will be eligible for upgrade upon the future release of SoFi® Checking and Savings offered through
SoFi Money® is a cash management account, which is a brokerage product, offered by
SoFi Banking members with direct deposit can earn up to
©2022
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FAQ
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