Acorns, Get $300 When You Invite 5 Friends in June
Acorns has a new promotion that gives you extra $300 for referring friends to join the investment app. Normally you get $5 for every referral, and people who sign up also get $5.
This summer, earn a $300 investment when you invite 5 friends to start investing with Acorns by June 30th. Plus, you get an extra $5 for every referral, and the person you refer gets $5 invested, too!
- Friends must sign up on or after 06/01/2020 and have a verified account in good standing and make their first successful investment by 06/30/2020.
- Bonuses are paid out by 07/15/2020.
- Referees and Referrers who close their account before 07/15/2020, make an investment that results in a reversal from their bank, or accounts that are otherwise not in good standing will not qualify for the promotion.
- View Referral Promotion terms here.
What is Acorns
Acorns is an investing app that round up your daily purchases and automatically invests the ‘change’ into a diversified portfolio of ETFs. Acorns makes it cheaper to invest, but it’s not free. It will cost you $1 per month for accounts under $5,000, or 0.25% per year for accounts over $5,000. Individuals under 24 years of age and those attending college pay no fees. You can read more about the app here.
They also have a ‘Found Money’ rewards program that works like a cashback portal, but the cash back is invested instead.
A good app for automated investing, but you get charged $1 per month. With the bonus though, if you can manage to refer 5 people this month, it makes sense to sign up, even if just for the $300 bonus. You can check out this list of apps and websites for more investing options and free stocks.