Bank Referral Bonuses: A Guide to Earning Surprise Money
In the world of banking, referral bonuses are a unique way to earn some extra cash. While it’s not a daily income source, it’s what I like to call “surprise money.” This is the money you earn when someone uses your referral link to open an account. Some of these links are indeed referral links. This surprise money can be used in various ways, such as paying down bills, saving, going on a trip, or any other needs you may have.
Here are some banks that offer referral bonuses and their respective amounts:
SoFi Bank: Offers a $75 referral bonus when a friend opens a new account and deposits at least $101.
Axos Bank: Offers a $50 referral bonus for opening Essential Checking or Rewards Checking with $1,000 in direct deposit within 90 days of opening.
Chase Bank: Offers a $50 referral bonus for each friend who opens a qualifying Chase checking account, up to $500 per calendar year.
TD Bank: Offers a $50 referral bonus for opening an eligible account.
Chime Bank: Offers a $100 referral bonus for receiving a direct deposit of $200+ within 45 days of opening.
Please note that these offers can vary, and it’s always a good idea to check with the bank for the most current information. Also, be aware that referral bonuses may be considered taxable income.
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