Supplemental Terms and Conditions

These Supplemental Terms and Conditions (“Supplemental Terms”) govern the Exclusive Rate on your USD Savings Account offered by Xapo Bank Limited to Eligible Customers (as defined below) and are in addition to, and should be read together with, all terms and conditions you have entered into with Xapo Bank Limited (“Xapo Terms”). Capitalised terms used but not defined herein have the meanings given to them in the Xapo Terms. By participating in this campaign, you agree to be bound by these Supplemental Terms. 

1. Eligibility

1.1 This campaign is only available to customers who: 

a) are paying the Xapo Bank membership fee for the first time; 

b) hold a USD balance in their USD Savings Account that qualifies for interest in accordance with clause 10 of the Xapo Terms (“Qualifying Balance”); and 

c) pay their first Xapo Bank membership fee within the Campaign Window (as defined in clause 4.1), (“Eligible Customers”). 

1.2 Customers renewing an existing Xapo Bank membership are not eligible for this campaign.

1.3 Xapo Bank reserves the right to determine eligibility at its sole discretion and may withdraw the campaign from any customer who no longer meets the eligibility criteria. 

2. Exclusive Rate

2.1 Eligible Customers will receive an exclusive variable interest rate of 4.60% per annum on their Qualifying Balance (“Exclusive Rate”) for a period of 90 calendar days beginning on the date on which their first Xapo Bank membership fee payment is successfully processed (“Exclusive Rate Period”). 

2.2 The Exclusive Rate applies in place of the standard variable interest rate ordinarily applicable to the Eligible Customer’s USD Savings Account balance during the Exclusive Rate Period.

2.3 The Exclusive Rate is variable. Xapo Bank reserves the right to adjust the Exclusive Rate during the Exclusive Rate Period in accordance with clause 10.3 of the Xapo Terms. 

2.4 This campaign may not be combined with any other exclusive, promotional or preferential interest rate offer unless Xapo Bank expressly states otherwise. 

2.5 Only interest accrued during the Exclusive Rate Period will be paid at the Exclusive Rate. Interest accrued after the Exclusive Rate Period will be paid at the standard variable rate then applicable. 

3. Qualifying Balance

3.1 A “Qualifying Balance” for the purposes of this campaign is any cleared USD balance held in the Eligible Customer’s USD Savings Account that is eligible to earn interest under clause 10 of the Xapo Terms during the Exclusive Rate Period. 

3.2 Interest under this campaign is calculated daily on the cleared Qualifying Balance in accordance with clause 10.3 of the Xapo Terms. 

3.3 The Exclusive Rate applies to the first $100,000 (one hundred thousand US Dollars) of the Eligible Customer’s Qualifying Balance (“Cap”). Any portion of the Qualifying Balance exceeding the Cap will earn interest at the standard variable rate ordinarily applicable to the Eligible Customer’s USD Savings Account during the Exclusive Rate Period.

4. Campaign Window

4.1 This campaign is available to Eligible Customers who pay their first Xapo Bank membership fee during the period commencing on 22 September 2026 and ending on 23 October 2026 (both days inclusive) (“Campaign Window”). Xapo Bank reserves the right to extend the Campaign Window at its sole discretion. A customer who pays their first Xapo Bank membership fee after the close of the Campaign Window will not be eligible for this campaign, regardless of when their Qualifying Balance is held.

5. Payment of Interest

5.1 Interest earned under this campaign will be paid in Bitcoin to the Eligible Customer’s BTC wallet held with Xapo VASP Limited. Interest payments are subject to the applicable exchange rate at the time of conversion and payment. Xapo Bank does not guarantee any particular exchange rate or protection against exchange rate fluctuations. 

5.2 At the end of the Exclusive Rate Period, the interest rate applicable to the Eligible Customer’s Qualifying Balance will revert automatically to the standard variable rate. The standard variable interest rate may be subject to change in accordance with clause 10.3 of the Xapo Terms. 

5.3 Interest payments are subject to any applicable legal, regulatory or governmental requirements, including any right of Xapo Bank to delay or suspend payments as set out in clause 10.10 of the Xapo Terms. 

6. Disputes

6.1 Any disputes or queries relating to this campaign must be raised with Xapo Bank within thirty (30) days of the relevant interest payment date via the Xapo Bank App. 

6.2 Xapo Bank reserves the right to request documentation or evidence to verify any dispute. 

7. Fraud and Misuse

7.1 Xapo Bank reserves the right to:

a) disqualify any customer from this campaign; 

b) withhold or cancel any interest paid at the Exclusive Rate; and 

c) recover any interest already paid at the Exclusive Rate,

if Xapo Bank reasonably believes that the customer has engaged in fraud, misuse or any attempt to manipulate or abuse this campaign.

8. General Provisions

8.1 Xapo Bank reserves the right to amend, suspend or terminate this campaign at any time without prior notice, provided that such amendment will not affect any Eligible Customer who has already commenced their Exclusive Rate Period prior to the effective date of such amendment. 

8.2 This campaign is personal to the Eligible Customer, is non-transferable and has no cash alternative.

8.3 You are solely responsible for any tax obligations arising from interest received under this campaign in accordance with clause 24 of the Xapo Terms. 

8.4 In the event of any inconsistency between these Supplemental Terms and the Xapo Terms, these Supplemental Terms will prevail, but only to the extent necessary to govern this campaign.