Update 5/8/20: Referral bonus is now $25. No $100 bonus for referring 3 friends any longer. Hat tip to reader Joe G. There is also a $3 monthly fee, this is waived for the first 30 days.
Update: You can now get $100 if you refer 3 friends, in addition to the $20 per friend you normally get.
Qapital is a mobile banking app that has been around since 2015. Qapital’s main selling point is that you can create long and short term goals and then rules and goals to help you reach those goals. For example you might set up a daily or weekly transfer to save to a vacation. Qapital will then transfer that money into a special account designated for that vacation.
Referral Bonus
You can refer friends and you’ll both receive a $20 bonus if the person being referred opens up a Qapital account and settles a deposit into a Qapital goal. For every three friends you refer from March 15th – March 31st you’ll earn an additional $100 (up to a maximum of $500).
- DO NO PUT ANY INFORMATION IN THE COMMENT OTHER THAN YOUR REFERRAL LINK.
- Do not thread referrals, just leave your referral as a new line.
- Leave your referral once.
- We will lock comments in a few days.
Final Verdict
Personally I don’t see a lot of value in Qapital, it looks like the goal accounts don’t earn any interest and I’d much rather have my money in a high yield savings accounts. I think most people will get a better outcome by sitting down and looking at existing spending and then creating a traditional budget rather than trying to automate that process. I’m not going to give my checking account information for a $20 bonus, but I know some readers will be happy to do so and thus this post.
Hat tip to Maximizing Money
Summary of requirements:
1. Set up one savings goal, which can be as little as $1.
2. Have at least $20 in your account 45 days from opening
3. Pay one membership. You automatically get the $6 a month option but go to the membership section on the app and you can downgrade to $3 a month.
Hope this helps! If so, feel free to use my referral link below.
They have updated the terms and you must now have at least $25 in your account on day 45.
https://get.qapital.com/tMJRiVaxy8
or use code ma9bk6rc
How soon can one get the $25 bonus? Joined in one week ago and set a goal, setup rules for $1/day, it has deposit 5 times, still no bonus yet. I only have the saving goals setup, did not open their spending account though. Do I need to signup the spending account??
Bonus will post 45 days after opening.
Please be noted that you MUST set up at least one saving goals to get the bonus.Here is my referral link
https://get.qapital.com/jNXRfj0nm6
Check out Qapital – I’m using it to save money faster than ever! Sign up using my referral code fg4aa5ne or this link and we’ll both get $25 >>>
https://get.qapital.com/rTi75QoQk6
Check out Qapital – I’m using it to save money faster than ever! Sign up using my referral code w77zv4w4 or this link and we’ll both get $25 >>>
https://get.qapital.com/i1F4EiO4l6
https://get.qapital.com/BV8kT2zRk6
Check out Qapital – I’m using it to save money faster than ever! Sign up using my referral code fm3ka8zf or this link and we’ll both get $25 >>> https://get.qapital.com/CW7qutoPl6
Check out Qapital – I’m using it to save money faster than ever! Sign up using my referral code rd49k7rs or this link and we’ll both get $25 >>>
https://get.qapital.com/fgcIwmTal6
https://get.qapital.com/fXNJFFh5k6