Program paused as of 11:59 PM PST on June 29, 2017
The Offer
- WiseBanyan is currently offering you $20 when you use somebodies referral link, the person’s link who you use will also receive a $20 bonus.
What Is WiseBanyan?
WiseBanyan is a roboadvisor service, when you sign up it’ll ask you a number of questions to gauge your risk tolerance and then recommend an asset allocation and risk score. It seems to be similar to Betterment or Acorns but without the fees. It seems like they are planning on making money by offering a customized management solution with a fee of 0.5%-1%. They have received venture capital funding, but of an undisclosed amount.
The Fine Print
- In order for the new client and the referring WiseBanyan client to receive the new account opening bonus, the new client must maintain a WiseBanyan account for at least 6 months.
- There is no minimum account balance maintenance requirement.
- If the new client closes their WiseBanyan account before 6 months, WiseBanyan will initiate the withdraw of the account opening bonus from both the new client’s WiseBanyan account and the referring client’s WiseBanyan account.
- WiseBanyan may amend the terms and conditions of this offer, and/or terminate this offer, at anytime in its sole discretion without notice.
Feel free to share your referral links/details 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)
- In the comment form, there is a section for a website. Put your Twitter handle in there (this helps us verify that you’ve retweeted it)
- Post a comment with your referral link
- Please only post once, do not make multiple accounts or try and get around the rules. If it becomes too hard to manage, we’ll just stop posting these posts.
Our Verdict
I don’t think $20 should factor into your investment decisions, if you have time to burn then you could sign up just for the $20 bonus but that seems like a lot of work given you need to wait six months as well. Feel free to share your thoughts about WiseBanyan in the comments below.
Hat tip to reader Ted E, you can use his referral link here
