Posted by William Charles on September 21, 2019
Misc

Published on September 21st, 2019 | by William Charles

423

Acorns $5 Referral Bonus For Both Parties + $150 Bonus with 3 Referrals

Update 9/21/19: Bonus has been increased to $150. Hat tip to FM

Update 9/1/19: Invite 3 friends who make their first investment by September 30 and get $100. Terms. If you want to support the site, use Chuck’s link here.

Update 8/1/19: Invite 5 friends who make their first investment during August and get $200. Terms.

Update 7/1/19: Invite 5 friends who make their first investment during July and get $200.

Update 6/2/19: Special referral offer, see details in this dedicated post.

Update 3/17/19: They seem to be laying off the large referral bonuses, but they did come out with an offer for this week to get $50 with 4 referrals. That’s on top of the regular $5 for referrer and $5 for new member that’s always available. (ht DDG)

Update 1/8/19: Invite 12 friends in January and get $1,000 bonus; you also get $5 per referral, regardless of how many people you refer.

Update 12/3/18: Invite 12 friends in December and get $1,200 bonus; you also get $5 per referral, regardless of how many people you refer. Must signup between 12/1-12/31 and make first investment by 12/31.

Update 11/1/18: Invite 11 friends in November and get $1,100 bonus; you also get $5 per referral, regardless of how many people you refer.

Update 10/16/18: They are now offering a $500 bonus if you refer 5 friends between October 15th and October 21st. This is in addition to the share of $100,000. This sucks for people that have already referred people as the people they referred do not count towards this bonus and I suspect a lot more people will be getting a share of that $100,000 now.

Update 10/03/18: Bonus is back, this time it’s a share of $100,000 when you refer 5 friends or more.

Update 9/2/18: Referral bonus added for September 2018: refer 7 friends between 9/1/18 and 9/15/18 and get a $500 bonus ($535 total) if they make an investment by 9/15/18.

Update 8/1/18: $1,000 referral bonus is back for August.

Update 5/1/18: $1,000 referral bonus is back. Updated details below.

The Offer

Direct Link to offer

  • Acorns is offering a $5 referral bonus for both parties when the referred user signs up and completes account verification.
  • In addition if you refer 12 friends for August you’ll receive a $1,000 bonus.
  • Acorns are also planting one oak tree for each referral.

Check out our Acorns review here. Referral bonus has been as high as $10 for each person in the past.

 

 

 

The Fine Print

  • Friends must sign up on or after 5/01/2018, have an account in good standing and make their first investment by 5/31/2018.
  • Bonuses are paid out by 6/15/2018.
  • Referrals who close their account before 6/15/2018, or make an investment that results in a chargeback, will not qualify for the promotion.

Share Your Links

You can share your link in the comments. But you must follow these directions carefully; otherwise, your comment will be removed. This is to minimize the volume of referrals in the comments.

  • Retweet this tweet first (make sure you retweet the linked tweet).
  • Post a comment with your referral links or your email address to refer. Please include all links in one comment.
  • Include your twitter username at the end of your comment. If you don’t do this, we will remove your link. 
  • DO NOT THREAD YOUR REFERRAL. Start a new comment.
  • DO NOT ADD ANY ADDITIONAL WORDS TO YOUR COMMENT. Just the referral link and Twitter handle.

Remember to support readers that you’ve seen provide helpful comments! Let’s build a better, more helpful community by rewarding those who help!

Our Verdict

Acorns is an app that lets you link payment cards, when you make a purchase the transaction is rounded up to the near full dollar and that excess money is then transferred into your acorns account and invested. For example if you make a purchase of $1.90, $2 will be charged and $0.10 will go into your acorns account. You can also add funds to your account and earn money from their “found money” section, basically a shopping portal (currently earns 2% with eBay). Acorns invests your money into ETF’s, the fees are as follows:

  • $1 per month if you have under $5,000
  • 0.25% per year if you have over $5,000

I’m not a fan of these robo investors, especially when they are taking a healthy fee for themselves. Set clear investing goals and do it yourself instead. If you are interested in signing up, consider using Chuck’s Acorns referral link. Acorns also has a rewards debit card launching soon.

Hat tip to DDG

 



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Rox
Rox
Ivan
Ivan

Thanks for the click! Code works as of Nov 9, 2017.

https://acorns.com/invite/F2KF8R

@nr_ass

ial
ial

Start saving up! Code updated for Nov 2018

https://www.acorns.com/invite/PEQU9A

@oulabi

attz
attz

Keep the train rolling!

https://acorns.com/invite/HEX9E7

goodguys21
goodguys21
Gaurav
Gaurav
Karen
Karen
greedycat
greedycat
Gantz
Gantz
arl16
arl16
Nic
Nic
J. Grant
J. Grant

Could you elaborate please on the “no fees” part? This is very interesting…

Joe
Joe

I believe Acorn does not charge fees for a year or something for having an edu address.

A M
A M

Need to have a .edu email address AND select occupation as student IIRC

MD
MD

Thanks!
https://www.acorns.com/invite/PS5DAG
@computergeek18

Benjamin Blumenthal
Benjamin Blumenthal

Start investing with Acorns today! Get $5 when you use my invite link: https://acorns.com/invite/YCRB98

@blumenthalb1

Ryan
Ryan
Onsale
Onsale

not true. this should be deleted.

Lin
Lin

[removed. Don’t post your link multiple times]
@FishDown0

Thanks, we both have 5 dollars

Nick
Nick

acorns.com/invite/P7KS4Y

@nmira

Jivepicnic
Jivepicnic
Chad
Chad

Get $10 when you use my invite code: https://acorns.com/invite/9DUG7E

@cbroudy

Luke
Luke

I used your referral link a few days ago. The reward is still pending now, and it says once we both start investing that it will start to process. Have you made a deposit into Acorns? If not, could you please make one so that we can both get this bonus?

Josh M
Josh M

Whats the appeal in this? People too lazy to do a little research? Those fees aren’t even close to being competitive.

JuicyJosh
JuicyJosh

To say this information is easy to find would be a lie. I see $1 per month and accounts over $5k are as low as 0.25% in an ETF. Cant really find any other fee info.

While I agree that even over $5k that % is high compared to the index funds most of my funds are in ~ 0.08 or lower with Vanguard and Fidelity directly. But its not like anyone would be moving there entire portfolio over here. Or at least I hope not. Im willing to put $100 on the line to see what its all about.

Josh M
Josh M

I ended up signing up with your link using an edu email address (I graduated almost 13 years ago lol). If it works with no fees its a good deal I guess otherwise, meh. I dont have a whole lot invested in general but anyone can open up an account with fidelity or whoever for free and invest in an index fund with expense ratios that are virtually non existent and get a decent return.

I just imagine most people are signing up hoping to get rich on their virtual pocket change but really if that’s all you putting into it you aren’t doing much better than breaking even after fees, and if you are doing significantly more than that you are almost certainly better off investing through a traditional brokerage.

JuicyJosh
JuicyJosh

Yeah I think you identified the target audience for Acorns. Geared towards those with a simple low investment commitment. Takes minimal amounts of dollars to get started and then builds over time. A good way to jump into investing in the cheap like you said. Easy approach but not necessarily the cheapest.

I appreciate the referral, thank you! Looks like we both just got the first 10 months fee.

Jivepicnic
Jivepicnic

The appeal for me is the set of Found Money offers (similar to Amex Offers). I’ve had over $70 deposited into my Acorns account, most of which were on top of traditional portal offers, so it’s been a nice double-dip for me.

Swiggy
Swiggy

Found Money seems like a standard shopping portal. How are you able to use it “on top of traditional portal offers”?

AM
AM

I’ve had both Acorns and a number of other such services from “roboinvesting” brokerages, and I agree that if you don’t qualify for the fee-free university student exemption, there may be better options.

I’ve had a lot of luck myself with WiseBanyan. I wrote up a guide to it here: https://www.reddit.com/r/passiveincome/comments/5yg5mn/guide_to_passive_income_through_wisebanyan/

I include in there a comparison that I found of brokerage fee amounts and overall investment performance between Acorns, WiseBanyan, and others.

Unlike the others, WiseBanyan’s basic service is totally free for everyone, and it offers $20 for signing up. I say sign up for both Acorns and WiseBanyan and see which you like better.

JuicyJosh
JuicyJosh

https://acorns.com/invite/CU2N32

$10 for you! 410 for me. Thank you!!!

@carpjm1

Alex
Alex
John Gibson

https://acorns.com/invite/SR8XEW

Thanks and definitely make use of the found money feature!

@financepunkblog

Dustin
Dustin

acorns.com/invite/78KSCG

Acorns is great, especially if you sign up with an .edu address. As a student, you get 4 years with no fees, which makes getting the bonus a no brainer (I signed up in Jan with my edu email and haven’t had any fees). I’d appreciate you using my link!

Thanks for letting us share our links as always Doc!

@sportsdls

Josh M
Josh M

So as long as you sign up with an .edu email there are no fees for 4 years? I guess ill find out if it worked after a month.

Dustin
Dustin

Yes, you can see that here: https://www.acorns.com/fees

“For accounts ​of​ $5,000 ​or more​, pay only 0.25% per year.
Free for college students with a valid .edu address for up to four years from date of registration.”

4 months in and no fees on my account.

Josh M
Josh M

acorns.com/invite/CCP38Q

@DonImusEyebrows

David Toste
David Toste

[Removed. Only post your code once, not 5 times]

Masa
Masa

https://acorns.com/invite/27EVUX

Yes, the fee is big as an investment account but so far they haven’t lost any money for me (+2.89% after fee). I am about 1 year in with “Aggressive” portfolio. Also their “Found Money” list seems expanding and has some decent payouts like 5% Boxed, 10% Nike, and 10% Dolla Shave Club, etc. There are also unique(?) offers such as Airbnb ($50 for hosting and up to 1.8% booking), Hotel Tonight ($10 for $100) and other services. Thank you for using my link.

@muskalah

V
V

https://www.acorns.com/invite?code=4mpsxs

use your .edu email (confirmed works) no fees for a few years, after you reach $500, I easily did it in few months with just change +$1 a day. Move it to wealthfront as its $500 to open and then no fees until $10,000 ( .25% after). This is my best no fee strategy for auto asset management with daily tax-loss harvesting which can add upto 2% annual invest performance. Hope it helps!

@vadimmialik

David B
David B

acorns.com/invite/LX44GB

@bartbartels

Mark t
Mark t

Try out acorns
Great platform acorns.com/invite/5N5XJ9

@mmteitlebaum

AM
AM

I’ve had both Acorns and a number of other such services from “roboinvesting” brokerages, and I agree that if you don’t qualify for the fee-free university student exemption, I would steer clear and explore other options.

I’ve had a lot of luck myself with WiseBanyan. I wrote up a guide to it here: https://www.reddit.com/r/passiveincome/comments/5yg5mn/guide_to_passive_income_through_wisebanyan/

I include in there a comparison that I found of brokerage fee amounts and overall investment performance between Acorns, WiseBanyan, and others.

Unlike the others, WiseBanyan’s basic service is totally free for everyone, and it offers $20 for signing up. I say sign up for both Acorns and WiseBanyan and see which you like better.

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