Posted by Chuck on July 10, 2018
Deals

Published on July 10th, 2018 | by Chuck

26

[Expired] Acorns: Get $55 with Blooom Investment Signup [401k Required]

This deal has expired, view more Acorns deals here or more Blooom deals here.

The Offer

  • Acorns offers $55 in Found Money if purchase a membership with Blooom investing.

Blooom is a robo-investment website which focuses specifically on the 401k and offers to monitor and optimize your investments. The monthly membership fee is $10.

The Fine Print

  • Valid between midnight (Pacific Time) on July 10, 2018 and midnight (Pacific Time) on July 16, 2018.
  • Must click through the Acorns link to get credit.
  • New Bloom customers only.
  • You will typically be notified within 72 hours of successfully completing an eligible transaction, and contributions to your Acorns account will typically be posted within 120 days thereafter.

Our Verdict

Nice way to try out this service being that the first month puts you back only $10 and the reward is $55. Do your research on whether it’s worth staying with them long term.

Acorns has a $5 referral bonus for both the new member and the referring member, so long as the new member makes an investment. Appreciate if you use my referral link for signing up with Acorns. 

Hat tip to Stephen at Frequentmiler



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Kevin Nguyen
Kevin Nguyen

Here is my referral if anyone is interested in signing up [edited]

Snorlax
Snorlax
Jeremy
Jeremy

Link?

Bill
Bill

Just a note that Blooom has three O’s.

Ken
Ken

Blooom has 3 Os. That is the only thing I have learned from all their commercials. 😛

P.S. Just signed up for Acorns with your referral.

Dunda
Dunda

Any thoughts on the usefulness of the service?

Max Martori
Max Martori

You need an existing 401k from your employer.

Joe
Joe

So if I don’t have a 401k thru my employee, I cannot/shouldn’t do this??

Snorlax
Snorlax

You aren’t eligible.

Morgan
Morgan

What if my old 401k has a zero balance but is still open?

Saf
Saf

Will,

just used your referral for Acorns. Do I need to fund anything in the account to get us the $5 or just opening it is enough?

Jelena
Jelena

You have to fund it.

Colonel Obvious
Colonel Obvious

Is the $55 recorded on 1099-INT?

How does Acorns work? Is it a taxable account? I see that they charge a $1 monthly fee; is there any way around that, or are there enough “Found Money” offers to make it worth keeping around? Can you opt out of the “round-ups”?

Jeffy
Jeffy

If you sign up using a .edu email, then you won’t be charged a monthly fee.

Jacob
Jacob

Note that signing up for this service will allow Blooom to make trades automatically on your 401k account and you cannot disable this feature.

Mac
Mac

any other data points on this?

Snorlax
Snorlax

Data points??? Literally the entire purpose of this service is for it to make trades on your behalf.

From the T&C:

“The terms of your Agreement grant blooom a limited power of attorney and appoint blooom as your attorney-in-fact and agent to access third party sites, retrieve and use your information with the full power and authority to do and perform each thing necessary in connection with such activities, with the same legal force and effect as if done by you.”

Ben
Ben

Also, its free for the first month using this code, Found it online (not a ref code) : M6VYV2ZD

Snorlax
Snorlax

You don’t get the $55 bonus if you use a free month code, per the terms of the offer.

Charles
Charles

I think there iis a typo.. there are three Os..

Ann
Ann

No typo, that is the name of the company.

Aditya Shrivastava
Aditya Shrivastava

I joined Blooom earlier buy never payed them any money. Will I get the $55 if I sign of for the “premium” membership with Blooom now?

john mccann
john mccann

Access for my 401(k). No I don’t think so.

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