Referral bonus has been reduced to $50. We generally don’t post bonuses under $100 so we will not be reopening the referral page or reposting this thread. Please do not post about the $50 or try to direct people to click your names in the comments below, otherwise we will be forced to either ban you or close the comments preventing people from sharing feedback on the $100 bonus that has just ended.
Offer at a glance
- Maximum bonus amount: $100 + $100 per referral (up to 5 referrals)
- Availability: Nationwide, excluding WA. More information here.
- Direct deposit required: Yes, $200+ within 45 days
- Additional requirements: Activate debit card
- Hard/soft pull: Soft pull
- ChexSystems: No
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: April 15, 2026
Contents
The Offer
No direct link to offer, requires a referral link (find referrals in this linked post, it’s no longer possible to share them)
- Fintech Spruce Money is offering a $100 referral bonus to both parties when the new user opens a new account using a referral link and completes the following requirements:
- Sign up for new account by April 15, 2026
- Activate debit card
- Receive a direct deposit of $200+
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF but as there is no monthly fee it’s not a huge risk to keep open.
Our Verdict
I wouldn’t be surprised if this gets pulled early, although Spruce Money is built by H&R Block so they definitely have the money to spend if they decide to push it. As far as I know this is the only bonus we have seen from Spruce. There is always a chance that the bonus will increase in the future but if you’re in two player mode you can effectively get $300 from two signs up ($100 from first, then refer partner for $200 on the second). I think this one is worth doing and will be added to our best bank account bonuses. Again, please do not share your referral information in the comments below. It can be shared in this linked post instead (it’s no longer possible to share them in that thread OR below. Read the linked thread for reason).
It should also be noted that it requires you to open via a referral link, the reason we have opted for e-mails on the referral page is so people do not use links when people have hit the 5 person referral cap (if you sign up using one of these links you’d still get the $100 bonus, but they wouldn’t get the $100 bonus and we want to share the love). In addition the person who referred you will also be able to see your first name in their dashboard.
Hat tip to reader Kiwi
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
