Posted by William Charles on March 14, 2020
Deals

Published on March 14th, 2020 | by William Charles

115

Stash Invest: $5 Bonus & Earn $55 In Swagbucks ($60 Total); Stack with $50 Direct Deposit Bonus

Update 3/14/20: Swagbucks is now offering $55, Stash is offering $5 for a total of $60. Hat tip to Chase-ing UR points

Update 2/13/20: They are now showing $15 from Stash instead of the previous $5. Same $20 in Swagbucks. So it’s a $35 total bonus. I’d think you can stack this with the $50 direct deposit bonus with $300 direct deposit which is available for existing or new users. That brings the total bonus to $85.

The Offer

Direct link to offer

  • Deposit just $5 into your new investment account and Stash will give you an extra $5 $15. Plus, earn 2,000 SB!

The Fine Print

  • Please allow 14 days for SB to appear in your account.
  • Must leave your $5 deposit in your Stash account for at least 30 days to earn SB.
  • Must enter valid sign-up information, including credit card information to earn SB. Offer may only be redeemed once (1) per user.

Our Verdict

Stash is an investment app, it looks like they bundle investments (e.g they have 30 different options with names like ‘American Innovators’). The fees are as follows:

  • $1 per month on accounts under $5,000
  • 0.25% fee per year on accounts over $5,000

First month is free. Previous best bonus was a $18 money maker, so this is slightly better than that.



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JGJG
JGJG

Does Stash send 1099s?

Burton

I imagine they would be required to provide 1099-Bs if you bought and sold stock. SB are not reportable. The $5 is taxable income but probably beneath the reporting threshold.

Mark V
Mark V

I also have a 3500 point offer on mypoints.com. –worth about 10% more in visa/paypal payout but could be higher depending on how you value some of the gift card options.

Neil Degrasse
Neil Degrasse

I was a past Stash user and recently closed my account. I wonder if I could open a new one for this bonus? Anyone try?

scarebags
scarebags

When can you withdraw your money from stash?

ccfcp
ccfcp

says 90 days for promo credits which will cost you about $3 even with their most entry level plan.

Staradmiral
Staradmiral

Easy to close account?

Onsale
Onsale

Stash is making unreasonable demands to verify identity.

J
J

Yep. I was asked to provide driver’s license but was unable to upload in the app as instructed. Waiting to hear back from their support team on how to proceed.

Jon
Jon

Very questionable whether these small money makers are worth giving away your personal information in the first place.

I think people are undervaluing the pain in the butt some of these data leaks we are seeing every single week can become.

We have become immune to handing over vital information like its only worth $20 bucks (or even less) to us. I think we need to check our math a bit on that.

Snorlax
Snorlax

Math checks out – your personal information is already out there for anyone who wants it, might as well make some free money.

BlissfulApathy
BlissfulApathy

True, but you’re also increasing your attack surface by having more accounts open. Which in turn increases the number of attack vectors you’re susceptible to.

leapfrogger
leapfrogger

I wonder if I am missing out on money by not being a Swagbucks member. Is it worth it? Do you have to fight them to get paid? Lots of offers…. just wondering.

dizzy

When I signed up today I got the 2000SB offer plus $15 from “prodege” for the $5 deposit. Also gave me the $50/$300 offer as well for Invest.

Greg
Greg

I got the same

Gadget - Bank Bonus Geek 🕵️

Did you do it? $5 into Invest or Bank account?

Greg
Greg

I put $5 into each to be safe. Got the $15 but have no sb pending

Gadget - Bank Bonus Geek 🕵️

Check your SwagBucks “Shop Activity”. That’s where mine showed up, pending.

gordda40
gordda40

Did you have to put the $5 deposit it the invest account or the bank account work as well?

Gadget - Bank Bonus Geek 🕵️

dizzy gordda40 I was wondering the same thing… Do you deposit the money into the Investing account, or the Bank account?

So far I can see why they call it Stash. There are 200 different links to click once logged in, but none are seemingly a dashboard of what is going on. I tried to do a one-time deposit of $5 to each account from my bank account, and setup the $1/month fee via a CC, but damn if I can find any status. Seems to be Stashed pretty well. LOL

LaHossBoss
LaHossBoss

Same here. I actually went to grab my VC info and when I went back, i had to re-log in with my pin and the CC sign up was no where to be seen. I transferred money into each stash and invest account, but have nothing pending in Swagbucks. I am assuming since like most swagbucks requirements, if you don’t do it in one fowl swoop, no SBs….I wouldn’t have bothered had I know it wasnt going to work out (or perhaps I would have gotten my info ready beforehand….). Anyone else have this happen? The “more info” on the offer in SB states “signing up all the way through entering CC info”. Am I toast? Doh!

Amy
Amy

Grammatical FYI: it’s fell swoop, not “fowl swoop.” 😉

Gadget - Bank Bonus Geek 🕵️

Check your SwagBucks “Shop Activity”. That’s where mine showed up, pending.

CryptoChrist
CryptoChrist

Hello, I was directed to open a Stash debit card through Green Dot when clicking on the $50 for $300 DD link found in my Account Profile -> Statements & Tax Documents. It was linked to their Stash bank account, which my account did not have yet without a debit card. This is classified as their “Spend” account in my dashboard. Thanks for all you do, Gadget - Bank Bonus Geek 🕵️

gordda40
gordda40

Initially just funded Spend but then went back and put $5.00 in Invest to hedge my bets. I am seeing my $15.00 bonus in Invest as of 2/12 and my pending 2000 SB in Shopping Activity. Did $300 from Discover Savings yesterday to Spend and got email saying Direct Deposit received, so I anticipate $50 bonus in Invest tomorrow if everything goes according to plan and what others have experienced. From what I am reading, I can move the $300 back out from Spend after bonus hits but need to leave the $5.00 deposits in and the bonuses need to remain in Invest for 90 days. Correct me on that if I am wrong! It says that it will take 32 days from date of $5.00 deposit for Swagbucks to become available.

Gadget - Bank Bonus Geek 🕵️

Generally speaking, when a bank wants a “DD” they expect you to spend it. I see nothing to the contrary, so you should be free to move the DD money. I assume the Discover ACH worked for the bonus? I got banned from Discover… but I am pretty sure if they can trigger it, so can a bunch of others. Best bests would be Cap One 360, WF, Alliant, Ally etc.

James Bond

I had a Stash account in 2018 and closed this account the same year. When I try to setup new account, it will not go past the screen where it asks for the Social Security #. Anyone else with the same issue? Maybe a 1 per lifetime signup?

parkdanil

I am also stuck at this point, though I have never had an account with them.

Flea
Flea

Same, and same; so maybe yes?

I also tried a different email at the beginning with same results, FWIW.

IS250
IS250

1. No hard pull
2. Signed up yesterday morning but I did not get a pending email for Swagbucks. I saw the SB pending later in the day under ‘Shop Activity’ so check there
3. You need to put $5 in the Invest account to trigger the $15 bonus. You can link a bank account through Plaid. I put in another $5 in the Spend account which isn’t required for the $15 bonus. You need to fund the Spend account to trigger a debit card to be mailed out (if you’re looking for that).
4. Signed up with the $1/month account. They prorate your monthly fee. I got charged today for a monthly fee of $.60 and this fee was taken from the Invest balance. I got the $15 sign up bonus the next day (today) and was credited to my Invest balance.
5. Throughout the app (and browser interface), there are multiple confirmations of having a $300 direct deposit to trigger the $50 bonus. You can only get your account/routing number through the mobile app.

LaHossBoss
LaHossBoss

Thank you! I won’t panic yet, then. It looks like they are going to take the subscription fee out of my account balance tomorrow. I will check again then and see what happens.

adam n
adam n

i signed up 2 days ago and still haven’t received the $15. i put $5 into the Invest account

RAM

Finally time to register! Waiting for something substantial for a while

YZ
YZ

How easy to report fractional shares for tax purpose, gain or loss? I had a Motif brokerage with fractional shares, and it was a nightmare when doing tax return.

RAM

you can “park your cash” and not invest

Gadget - Bank Bonus Geek 🕵️

I think you can just fund the Invest account, and not actually Invest – to be determined.

And yeah, I did a Motif and been there, made that mistake, with Energy MLP’s and partnerships. Hours and hours of data entry over a $500 investment and stacks of Schedule K-1’s, in the year I bought the Motif, and the next year when I sold it.

Sam F.
Sam F.

I did the Coin Investing and Ellevest deals. Waiting to see if I get tax forms for those.

Gadget - Bank Bonus Geek 🕵️

I did those too. I have to start chasing down those forms that don’t magically appear in the mail. Seems there is always one or two that don’t come out until March, and once I see I am not getting a refund based on what I have entered, I end up waiting until April to finish.

Feb 14th, I got: Subj: Your COIN Tax Documents are ready
Feb 7th, I got Subj: Tax Document from Ellevest Inc

I guess these savages can’t be bothered to mail it. LOL

Edit: Correction – Ellevest was for referrals on a 1099-Misc. I was over $600. SO was under $600 and she did not get one.

Sam F.
Sam F.

I got the Coin email (but the document link in my account gave an error). I don’t recall getting the Ellevest one. I’ll have to go check my account. Thanks.

adam n
adam n

what was difficult about it?

Gadget - Bank Bonus Geek 🕵️

Not OP, but I have seen some multipage reports for each transaction that occurs for fractional share accounts at other brokerages. As long as they summarized the activity for you, it really only takes a couple of minutes to enter. Ignore all the minutia, and enter just the summary.

JT
JT

Can’t find anything about churning a stash account (I’ve had one before), but I did see this: “Stash may withhold or recover any Bonus Funds if Stash determines that such funds were obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided when opening your account, …) Due to the fact that the other half is through SB, I’m gonna have to give this one a pass. GL to all.

Gadget - Bank Bonus Geek 🕵️

Today I learned –

– Although Stash offers a web login for people like me that want to do things on a computer, and not use their phone, the web login is neutered and not full-featured.

1. You can only initiate transfers and investment purchases, but you cannot cancel them.
2. You also can’t see your account number to setup a direct deposit from the web login. You can get them to e-mail you a form, but the freaking account number is blank, so you have to download and use the app.

– When I first tried to setup my external bank account, I was going to link a bank that only had a savings account. The Plaid login functionality looks like it will work, but the page comes up blank. So, it appears you must to link a checking account, but nowhere did it give me that info.

– I had no issues getting the 2000 SB points showing as pending. It’s under “shop activity”, not activity.

– I assume the $15 signup bonus comes when the account is funded with $5, which I finally got setup tonight. I did $5 to both the bank account, and the personal portfolio. I don’t think it’s a requirement to invest the $5 and will be available to invest once it arrives. That should avoid the possible tax implications of investing. Select Transfer In, then Transfer to… “Cash to Invest”, or at least that’s the path from the app.

Gadget - Bank Bonus Geek 🕵️

My $15 bonus did end up showing up after a day or two…. I figured since I had issues linking the one bank that it might have got botched. Showed up in my Invest account. I only invested $5 to my “Ready to Invest” account, so there should be no tax implications of fractional shares. FYI YZ

Zach
Zach

Received $20 invest referral bonus after depositing $5 2/11. Deposited $300 into spend account from Discover savings on 2/13. Clicked on invest account and shows $50 DD bonus pending 2/14. Discover savings workings as DD.

Zach
Zach

Also first month is not free. I got charged for a partial month.

cha
cha

how did you deposit from Discover to Spend account?

gordda40
gordda40

$300 into Spend Account on 2/13 from Discover Savings shows a pending $50 promo credit in my Invest Account as of 2/14. Another confirmation of Discover Savings working for DD.

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