JSC "Idea Bank" (joint-stock company) updated its cashback programme, which rewards everyday purchases and service payments. Clients can choose two categories each month in the O. Bank mobile app.
Reward amount and accrual conditions
Within the programme, transactional cashback is available for payments with the bank’s cards using credit funds. The reward amount depends on the chosen category and the programme terms and can reach 50% of the transaction amount.
Accrued rewards are subject to taxation under current Ukrainian law. The bank withholds and pays the taxes and fees required by law when bonuses are withdrawn, so the customer receives the amount after taxation.
Examples of categories and maximum limits
In the O. Bank app customers can view available cashback categories and select two categories per month; categories can be changed according to needs. For transactions in the “City transport” category cashback can reach 50%, while the “Beauty & care” category offers 4% of the transaction amount.
The maximum cashback amount per month is 500 UAH. Cashback applies across the territory of Ukraine, except for temporarily occupied territories resulting from the armed aggression of the Russian Federation, and in other countries except the Russian Federation and the Republic of Belarus.
Referral programme and bonus withdrawal
The loyalty programme also includes the “Invite friends” referral programme, under which customers can receive rewards for bringing in new clients. The total reward is up to 50 000 UAH per client per month; these amounts are stated before taxation. The bank withholds and pays the taxes and fees required by law, and the client is credited with the reward after taxation.
The referral programme is available to Clients and Users who are registered in and\/or reside in the territory of Ukraine, except for the temporarily occupied territory AR Crimea (Autonomous Republic of Crimea), territorial communities located in areas of military (combat) operations, or those that are temporarily occupied, encircled or blockaded. To invite friends, log in to the O. Bank app, go to the “Bonuses” section and choose the “Invite friends” option, then share the referral link via one of the suggested messengers or copy and send it manually.
In the O. Bank app a client can view accumulated bonuses and initiate their withdrawal via the “Withdraw bonuses” button and select an account for crediting. After confirming the operation, the bank withholds and pays the taxes and fees required by law, and the post-tax amount is immediately credited to the chosen account.
