Raisin is a advertising and marketing firm that companions with banks to give you among the highest rates of interest in the marketplace proper now. They provide financial savings accounts, certificates of deposit, and cash market accounts – however your cash is put into their accomplice banks. Raisin isn’t itself a financial institution.
One of many added perks of Raisin is that they’ve a referral program too. You may earn cash when your family and friends open up an account and make a deposit.
Right here’s how this system works.
How does the referral program work
The referral program is simple, you get $100 for every referral that opens an account and deposits at the least $5,000. They need to then preserve that deposit for at the least 90 days so that you can get the $100 bonus.
The conventional cap on that is $1,000 (10 referrals) however for a restricted time, Raisin is elevating that $2,000 (20 referrals). They haven’t acknowledged when that cap will received again down.
Because the referee (the good friend being referred), you can too get a bonus based mostly on how a lot you deposit and hold within the account for 90 days:
| Deposit Quantity | Bonus |
|---|---|
| $5,000 – $9,999 | $50 |
| $10,000 – $49,999 | $100 |
| $50,000 – $99,999 | $150 |
| $100,000 | $200 |
Listed here are the official referral bonus phrases:
Referral bonus provide phrases & circumstances: Present Raisin prospects are eligible to obtain a $100 referral bonus and their referees are eligible to obtain a minimal $50 bonus for every referee who (1) opens an account with Raisin.com and makes a minimal preliminary deposit of $5,000 and (2) referee maintains the minimal deposit quantity for a interval of at the least 90 days. Referee should use your distinctive private referral code so that you can be eligible to obtain your referral bonus money. Referrers are eligible to earn a most of $2,000 with the Raisin Referral Program. Referees earn bonuses for preliminary deposits maintained over 90 days as follows: $50 for deposits between $5,000 and $9,999; $100 for deposits between $10,000 and $49,999; $150 for deposits between $50,000 and $99,999; or $200 for deposits of $100,000 or extra. Referral bonus money will probably be deposited by Raisin Options US LLC into buyer’s and into referee’s exterior financial institution accounts, respectively, that have been linked to www.raisin.com/en-us inside 30 days of satisfying all phrases to qualify for referral bonus money. US prospects solely. Not open to Raisin Options workers. Raisin reserves the correct to terminate this provide at any time and to disclaim Buyer referral bonus money for any cause. This bonus provide applies to preliminary buyer deposits made after Might 8, 2024.
The way to refer your pals
First, you want to enroll in a Raisin account. There aren’t any minimums to open an account and there aren’t any charges. For those who do open an account, it might be helpful to deposit some funds so you might be aware of the circulate of the location and how you can use it.
Subsequent, log in and have a look at the menu on the prime, you’ll see a Referral menu merchandise:
Clicking that can present a collection of how you may refer your pals. They’ll merely enter in your distinctive referral code (within the field that claims Your distinctive referral code, which is clean within the picture under) or they’ll ship an electronic mail or publish onto Fb or Twitter.
That’s it!
