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I’ve written about the financial investing site Acorns a few times and it is definitely something I suggest everyone to look into due to their amazing refer a friend promotion that is back! Ultimately, you can earn $1,000 for just referring 12 friends during the month of May! You’ll then an earn additional $5 for every friend (including those friends), so you can make $1,060 for your first 12 friends, then an extra $5 for every friend after that. While I have not yet used it from an investment stand point (aside from my initial $5 deposit), I recommend having an account purely to earn money from referring friends and taking advantage of their “found money” promotions! The only caveat is that your friend must invest at least $5 and keep it in the account for at least 30 days. An extremely easy and painless process if you ask me!
Opening up an account is a quick process and should take no more then 5 minutes. You do have to give your social security number, which I do not love, but I still did it. Your call whether or not you are comfortable giving out your info. You’ll also need to link your checking account for the one-time or recurring deposit. Of course you can deposit more money, but I kept it safe with just $5 for now. You will also be charged a fee of $1 a month if you have less then $5,000 in the account or .25% if you have more then $5,000. While the fees can be steep, the referral bonus definitely makes up for it as well as the “found money” promotions. You can open an account here.
The best thing about the sign up bonus is if you sign up now, your referral link is available immediately! So there is still time to get your friends on board. You can share your link through all your social media networks, mass emails, or just sign up your family members that trust you with your social! They really make it very easy to get your friends to sign up. This is a nice chunk of change so I suggest looking into it to see if it works for you!
As I’ve mentioned a few times, there is a “Found Money” section that works similar to an online shopping portal. Make a purchase with an Acorn partner through the Acorn site or with a linked credit/debit card and receive money back into your Acorn account. There are actually some generous payouts with their partners. For example, for those that shop at Sam’s Club, if you use your linked card on file, you’ll receive $1 back in your account for every purchase of $50 or more. These types of offers can help offset the fees or even make you some money!
Here is my Acorn referral link. Thanks in advance for using it – I truly do appreciate it. I also invite you to leave your own referral link in the comments section below for readers to use. My goal is for everyone to make some money!
Have you used Acorn before? Feel free to comment below with your experience.