I received my free $50 — and you can do it in about five minutes.
Now, I was skeptical when I heard about this deal. But a trusted colleague insisted it worked. He heard about it from another trusted colleague. (It kind of sounds like that REO Speedwagon song).
So I tried this “Here’s $50!” thing.
And it worked like a charm.
I was $50 richer for less than five minutes of tapping on my phone — and introduced to a great new product.
And $50 is the minimum you can make. It’s entirely possible you’ll make hundreds, if not thousands.
Here’s the deal:
SoFi, So Good
Finance company SoFi will give you $50 for opening a new SoFi Money account and depositing just $100. (Their name may sound familiar; SoFi is advertising all over the place and also scored the new Los Angeles NFL stadium’s naming rights. So they seem pretty legit.)
I originally wasn’t too keen on opening another bank account. But it was incredibly simple; I did everything on my phone.
I linked my bank account to my new SoFi Money account and transferred the bare minimum of $100. This took me about five minutes while waiting for a meeting to start.
My $50 new account bonus popped up a couple of days later.
Once the money’s in your account, you’re free to withdraw it or let it earn interest. (SoFi’s current interest rate, BTW, is 1.60% with no monthly fees, ATM fees, or overdraft fees.) That a heck of a lot better than what many big-name banks offer.
Or you can transfer it to their investing program — where, yes, they’ll give you more money to start a new account.
To be honest, I fully intended to yank my $150 out ASAP. But I ended up keeping the money in my account, added more, and am letting it accrue interest.
I’ll be 100% upfront — I earn a $50 referral fee if you sign up (and I thank you!). I don’t know who signed up, deposited how much money, or any of that.
And you, too, can score $50 for each person you refer.
Here’s How You Can Make Even More
Have a significant other? Great! Refer him or her. She or he will receive the $50 bonus for opening a SoFi Money account — and you will make $50 for that referral. That alone is a free $100 for a couple.
I’m guessing you have some friends and family members. Refer them and they’ll each get $50 for depositing $100 into their new SoFi Money account and you’ll get $50 for each person you refer.
So five referrals, for example, scores you a pretty easy $250.
This isn’t a multi-level marketing program or a “pyramid scheme.” You don’t get a cut of referrals generated from people you refer.
SoFi offers a host of other referral programs:
If you know people who could use SoFi’s products, you might pocket some nice money.
But at the bare minimum, get yourself $50.
Feature image: ©iStock.com/vtupinamba
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