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Sharesies Airpoints™ Terms & Conditions

Last updated: 24 February 2025

Eligibility to earn Airpoints Dollars™ with Sharesies

To earn Airpoints Dollars™ with Sharesies you must also be a member of Airpoints™ and have an Airpoints number.  The Airpoints Programme is operated by Air New Zealand and their Terms and Conditions apply.  To add your Airpoints number to your Sharesies account, you will need to go to ‘Settings’ and update your account details under ‘Airpoints’. Once added you will be eligible to participate in Airpoints Offers available on Sharesies (Participating Airpoints Customer). You should not use another person’s Airpoints number to earn Airpoints Dollars on your Sharesies account and you should not allow any other person to use your Airpoints number to try to earn Airpoints Dollars on their Sharesies account.  If you wish to share Airpoints Dollars earned with friends and family you can set up a Shairpoints™ account. Further information is available here.

You can only earn Airpoints Dollars on your eligible transactions. So, for example if you are in charge of a Sharesies Kids’ account, you will not earn Airpoints Dollars on transactions made through the Kids account.  

Kids accounts are not currently eligible to earn Airpoints Dollars.

If you are not an Airpoints member and wish to join, you will need to do so here through Air New Zealand.  We do not operate the Airpoints™ programme.

Airpoints Dollars will be able to be earned in Sharesies, in New Zealand only, from 24 February 2025. Participating Airpoints  Customers will be able to view any Airpoints Dollars earned in their Airpoints  account, available here or in the Air NZ app from April 2025.  From April 2025, any Airpoints Dollars earned through your Sharesies account will only be visible in an Airpoints account in the month following the month in which they were earned.  Any Airpoints Dollars earned in the launch month (February 2025) will be added to your March 2025 totals and issued in April 2025. 

Personal Information

By providing Sharesies with your Airpoints number you agree that we may interact and share your information with Air New Zealand pursuant to our Privacy Policy for the purpose of administering the loyalty programme and so that you can earn Airpoints Dollars under the Offers set out below.  

Ways to earn - Sharesies Airpoints Offers (Offers)

Unless specified otherwise, the currency for dollar ($) amounts is New Zealand Dollars (NZD).

Deposits for Plan users

Airpoints Dollars will be available for Participating Airpoints Customers on our $7 or $15 plan (Airpoints Dollars  Earning Plans). If you are on an Airpoints Dollars  Earning Plan, for every NZD 1,000 deposited into your Sharesies wallet to invest or save, you will earn 1 Airpoints Dollar.  

The minimum amount to deposit to earn any amount of Airpoints Dollars is $10.  Airpoints Dollars are able to be earned on a pro-rata basis for every $10 deposited.  This means every amount of $10 counts.  For example if you deposit NZD 500, you will earn 0.5 Airpoints Dollars.  Because customers will also withdraw money from time to time, deposits earning Airpoints Dollars will be calculated as a net figure for a calendar month based on the amount of money you deposit less any money withdrawn.  Sharesies has the discretion to deduct any previously earned Airpoints Dollars from your Airpoints number (or the equivalent NZD value from your Sharesies wallet) if withdrawals made from your account in any 6 month period exceed deposits made in the period and/or if we suspect non-adherence to our Fair Use Policy set out below. 

Share Transfers and foreign currency

Participating Airpoints Customers on an Airpoints Dollars Earning Plan will also be able to earn Airpoints Dollars for: 

  • Share transfers into Sharesies based on the NZD valuation of those shares.  Valuations will be based on market value of the shares on the day transfer is complete; and 

  • Deposits in foreign currency based on the NZD valuation of the deposits.  Valuations will be based on our FX rates on the date the deposit is made. 

In both instances, Airpoints Dollars can be earned on the same basis as deposits i.e

  • for every NZD 1,000, Participating Airpoints Customers will earn 1 Airpoints  Dollar on a pro-rata basis; and

  • share transfers and foreign currency deposits (and any shares transferred out and foreign currency withdrawals) will form part of the monthly net figure calculation referred to above for determining Airpoints Dollars earned in a month for a customer on an Airpoints Dollars  Earning Plan.  

Sharesies has the same discretion as set out above to deduct any previously earned Airpoints Dollars where withdrawals (including share transfers out foreign currency withdrawals)   exceed deposits (including share transfers in and foreign currency deposits) in a 6 month period and/or if we suspect non-adherence to our Fair Use Policy set out below. 

Insurance Premium 

Participating Airpoints Customers that have obtained a Sharesies Car Insurance Policy by Cove on our platform will receive 1 Airpoints Dollar for every $100 of insurance premiums paid, on a pro-rata basis. Airpoints Dollars will not be paid in respect of any discounts on premium or waivers received from premium payments. If for any reason, the payment that earned you Airpoints Dollars is refunded or dishonoured, a policy is cancelled, and/or if we suspect non-adherence to our Airpoints Fair Use Policy set out below, Sharesies reserves the right to deduct the Airpoints Dollars earned with Sharesies from your Airpoints Account.  

Airpoints Dollars can only be earned on policies issued through Sharesies.  So if you have multiple policies with Cove, only the premium on the policy obtained through our platform will be eligible. 

Prize Draws

Sharesies will from time to time run prize draws for eligible Participating Airpoints  Customers to win a prize of Airpoints Dollars.  Entry into prize draws will be associated with Participating Airpoints Customers taking certain actions on the Sharesies platform. We will notify customers of the amount of Airpoints Dollars available to win under the prize draw and how to get into the draw. Sharesies employees and their immediate family who have been identified as Prescribed Persons are ineligible to receive Airpoints Dollars from any prize draws. 

Our decision on any prize winners is final and no correspondence will be entered into.  Airpoints Dollars prizes cannot be converted into cash and are not transferable. If you wish to share Airpoints Dollars earned with friends and family you can set up a Shairpoints™ account. Further information is available here.

 Winners will be notified and may be asked to participate in promotional material.

Special Launch Offers

As a one off, to celebrate the launch of our partnership with Air New Zealand and Airpoints, we will be offering the following:

Launch prize draw 

Participating Airpoints Customers will receive one entry into a prize draw to win one a share of 20,000 Airpoints Dollars for every $5.00 they invest, auto-invest or save up to 31 March 2025. The winners will be notified after 31 March 2025. 

The same conditions as set out under ‘Prize Draws’ will apply to the Launch prize draw. 

Ad hoc offers

Participating Airpoints Customers may be awarded ad hoc offers of Airpoints Dollars or other such benefits as provided by us at our discretion, when specific eligibility criteria as set by us are met.  Such offers may be available for a limited time, or for an ongoing basis, from the date we make them available until the expiry of the term.  

Right to correction 

We reserve the right to audit Airpoints Dollars earned.  As stated in the Air New Zealand Terms and Conditions, Air New Zealand reserve the right to amend, debit and correct the Airpoints Dollars and/or Status Point balance, or any other Airpoints Member Benefit in an Account if we or they identify any inaccuracy (due to our or Air New Zealand’s mistake or otherwise).

Fair Use Policy

Sharesies has partnered with Air New Zealand to enable Sharesies customers to earn Airpoints Dollars so that we may reward and incentivise good financial behaviours. On this basis we will be monitoring deposit behaviour to ensure that customers: 

  • meet the relevant criteria to earn Airpoints Dollars under one of the Offers;

  • are genuinely making deposits for saving and investing; and 

  • are not trying to ‘game’ the system to earn Airpoints Dollars. 

In addition, we expect that customers will adhere to these terms and conditions in addition to the Sharesies Terms and Conditions. If we suspect wrong doing, we have the discretion to deduct any previously earned Airpoints Dollars from your Airpoints number or debit the equivalent NZD amount from your Sharesies wallet and we can suspend or close your Sharesies account. 

Changes to these Terms and Conditions

These terms, including the Offers stated above, can be changed (including by way of addition to or removal and withdrawal of any Offers) at any time and without prior notice.