Acorns, Get Extra $500 When You Refer 5 Friends
Acorns has a new referral bonus available. If you invite 5 friends, you will get $500 on top of the $5 per referral that you already get. Plus you get $5 when you sign up yourself if you don’t have an account. The offer is for referrals completed this month only, so there’s not much time to do this.
Offer
The more people investing in their future, the better. If you get 5 friends to join by July 31, we’ll invest $500 into your Acorns Core account. That’s on top of the $5 you already earn for each referral.
Offer Terms
- Friends must sign up and have an account in good standing and make their first investment by 7/31/2020.
- Bonuses are paid out by 8/15/2020.
- Referrals who close their account before 8/15/2020, or make an investment that results in a reversal from their bank, will not qualify for the promotion.
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.
Guru’s Wrap-up
A good promotion that we see in some form almost every month. If you think you can invite 5 people, then it makes sense to do so this month, as $500 for 5 people is as good as it gets.
