GO2Bank is currently offering new users a $50 signup bonus when opening an account using a referral link and meeting a few requirements. To earn your GO2Bank referral bonus, you need to do the following:
- Open a new GO2Bank account using a referral link (here’s my GO2Bank referral link).
- Complete a direct deposit of $200 or more within 45 days of account opening.
- Your bonus will post within 48 hours of meeting the direct deposit requirement.
For the most part, this is a simple bonus to complete. There are a few things to be aware of when opening this account, however, which we’ll go into more detail about in this post.
In the remainder of this post, we’ll walk through exactly how to earn your GO2Bank referral bonus, as well as discuss some other tips and strategies you should know.
GO2Bank Referral Bonus Step-By-Step Guide
Here’s exactly how to earn your GO2Bank referral bonus:
1. Open Your GO2Bank Account Using A Referral Link. The first thing you’ll have to do is open a GO2Bank account using a referral link. Here is my referral link if you’d like to support this blog.
Opening the account is straightforward. You can either do it on your phone or you can do it on your computer. I opted to open the account on my computer. You’ll need to upload a picture of your driver’s license, but you can do that on your computer by taking a picture with your phone and then saving it on your computer.
The application process is straightforward and most people should get approved immediately after submitting their application. There’s no minimum funding amount, so you don’t need to immediately fund the account when you open it.
2. Complete A Direct Deposit Of $200 Or More Within 45 Days Of Account Opening. Once you’ve opened your GO2Bank account, the next thing you’ll need to do is complete a direct deposit of $200 or more within 45 days of opening your account. To do this, you’ll need to get your account number and routing number, which you can find on your account page.
At the moment, it looks like you’ll need a real direct deposit to trigger the bonus. My wife uses Gusto for her payroll system, so we’re easily able to change her direct deposits to different banks. If you have a similar payroll system that makes it easy to switch where your paycheck goes, then this bonus is an easy one that you can do.
Unfortunately, at the moment, there doesn’t seem to be any easy way to get around the direct deposit requirement. If I learn of any, I’ll update this post. For now, you should assume that you need a real direct deposit to qualify for this bonus.
3. Your Bonus Should Post Within 48 Hours Of Meeting The Direct Deposit Requirement. The bonus terms state that your bonus will post within 48 hours of meeting the direct deposit requirement. However, some people have indicated that their bonus didn’t post within the 48-hour timeline and they ended up having to message customer support.
That being said, when I completed my direct deposit, the bonus posted automatically within 2 days from when my direct deposit hit my account.
If you did a real direct deposit and don’t see your bonus post within 48 hours, I’d send a message to their customer support people. They should immediately post your bonus to your account. Obviously, if you didn’t do a real direct deposit, don’t contact them.
Earn $1,500 Per Year Of GO2BankReferral Bonuses
One nice thing about GO2Bank is they give you referral bonuses for referring new users. On the referral page, you’ll see your referral link, which you can give to your friends and family.
You can earn up to $1,500 of referral bonuses per calendar year, which is pretty nice if you have a bunch of people you can refer. If you’re a two-person household, I recommend opening your GO2Bank account first, then referring your partner using your own referral link.
Other Things To Know About GO2Bank
Here are a few things you should know when opening a GO2Bank account:
There Is A Waivable Monthly Fee. One negative with GO2Bank is they charge a $5 monthly fee unless you have a monthly direct deposit into your account. Notably, however, the direct deposit can be for any amount, so even a $1 monthly direct deposit will waive this monthly fee.
I’ve set up a $1 direct deposit with Gusto to avoid this monthly fee. If your payroll company lets you do direct deposits for small amounts like this, then that’s an easy way to avoid the monthly fee.
You Can Close The Account Anytime You Want. Some banks require you to keep your account open for a set amount of time, but GO2Bank doesn’t have that requirement. If you want, you can simply close your account after getting your bonus and moving the money out of the account.
The reason you might want to keep your account open is to be able to refer other people, but if you don’t have an easy way to avoid the monthly fee, you might not have a choice and I’d recommend closing the account as soon as you can.
To Withdraw Money, Link GO2Bank Using Your External Bank Account. There doesn’t seem to be an easy way to transfer money out of your GO2Bank account from the GO2Bank app or website. However, this doesn’t matter, as you can easily link GO2Bank with your external bank account.
To do this, go to your regular bank’s website, then link GO2Bank to it using your GO2Bank account number and routing number. Then initiate your withdrawal from GO2Bank using your regular bank’s website.
This Isn’t A Good Bank. I want to be upfront that I don’t consider GO2Bank to be a good bank account. The fact that some people have had issues with the bonus not posting automatically is annoying. I find when banks do this, it’s because they hope some people will forget about the bonus.
In addition, the fact that GO2Bank charges a monthly fee unless you have a monthly direct deposit is a dealbreaker for me in terms of using this account as a regular bank account. My rules for any bank account that I’m actually going to use is it has to be completely free and have no minimum balance requirements. GO2Bank fails on that front since they charge a monthly fee, albeit a waivable one.
Final Thoughts
GO2Bank is an easy bank bonus that I recommend people take advantage of if they have an easy way of meeting the direct deposit requirement. I like that it’s easy to open the account and that the bonus pays out quickly. There are a lot of banks out there that can be a pain to open and that take months to pay out.
A 2-person household should consider taking advantage of this bonus because of the referral option. By opening an account and then referring a partner, you can more than double your earnings.
I hope this guide was helpful. If you have any questions or data points you’d like to share, please feel free to leave them in the comments below.
This post may contain affiliate links. Financial Panther has partnered with AwardWallet and CardRatings for our coverage of credit card products. Financial Panther, AwardWallet, and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on the website are from advertisers. Compensation may impact on how and where card products appear on the site. The site does not include all card companies, or all available card offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
More Recommended Ebike/Scooters
Check out these other ebikes and scooters I've reviewed:
- Urban Arrow Ebike – Last year, I made one of the largest purchases I’ve ever made – I bought a $9,000 electric cargo bike from Urban Arrow. In my Urban Arrow review, I will discuss what it is and why I decided to buy this bike, as well as discuss how impactful a bike like this can be on your journey to financial independence.
- Troxus Explorer Step-Thru Ebike – The Troxus Explorer Step-Thru is a fat-tire ebike that I’ve had the pleasure of riding for a while now. It has amazing power, great looks, and awesome range. If you’re looking for a great fat-tire ebike that offers a lot for the price, the Troxus Explorer Step-Thru is definitely one for you to consider. Check out my Troxus Explorer Step-Thru Review.
- Hovsco HovBeta Ebike – The HovBeta is a folding ebike with great specs and a lot of interesting features, and importantly, it’s sold at a good price point. I’ve had a blast commuting with it and using it to do deliveries with DoorDash, Uber Eats, and Grubhub. Check out my Hovsco HovBeta Ebike Review.
- Vanpowers Manidae Ebike – The Vanpowers Manidae is a fat tire ebike that I’ve been riding as my primary winter commuting bike and have also been using it to do food delivery with apps like DoorDash, Uber Eats, and Grubhub. After clocking in a decent number of miles with this ebike, I wanted to write a post sharing what my experience with the Vanpowers Manidae ebike has been like. Check out my Vanpowers Manidae Review.
- Sohamo S3 Step-Thru Folding EBike Review – A Great Value Folding Ebike – The Sohamo S3 Step-Thru Folding Ebike is an entry-level folding ebike that offers a lot of value for the price point. I’ve been riding the Sohamo S3 for a while now, putting the bike through its paces, and I have to say, this bike has exceeded all of my expectations. Check out my Sohamo Review.
- KBO Flip Ebike – The KBO Flip is an excellent bike. I’ve had a great time riding it and think it’s a versatile bike that can be used for a lot of purposes and can fit a variety of lifestyles. It’s worked out great for me as a general commuter bike and as a food delivery bike. Check out my KBO Flip Review.
- Hiboy P7 Commuter Ebike – The Hiboy P7 is an excellent electric commuter bike that’s offered at an affordable price point. The range and speed of this bike are both very good, so you won’t have any trouble getting anywhere you need to go with it. As a food delivery vehicle, this is also good – with how much range it offers, you’ll be able to work all day on a single charge. Check out my Hiboy P7 Commuter Electric Bike Review.
- Himiway Escape Ebike – The Himiway Escape is an interesting bike for anyone looking for a moped-style ebike. If you’re a gig economy worker, the Himiway Escape is particularly interesting and it’s possible to think of it as an investment, especially if you can opt to do deliveries with the Himiway versus using a car. It’s not cheap, but you can definitely make your money back when you compare the mileage you’ll put on your car versus using an ebike. Check out my Himiway Escape Bike Review.
- Espin Sport Ebike – The Espin Sport is a good ebike for someone who is looking for an ebike that feels and rides more like a regular bike. There are many ebikes that are really only bikes in name. In reality, they’re basically electric mopeds. The Espin Sport, by contrast, is a bike you could probably ride without the battery and you’d feel like you’re just riding a regular bike. Check out my Espin Sport Review.
- Varla Eagle One Scooter – The Varla Eagle One is an excellent scooter that can make sense for a lot of people. It can work as a primary mode of transportation. You can use it to work on gig economy apps like DoorDash, Uber Eats, and Grubhub. And it can also be a recreational vehicle if you’d prefer to use it for that. Check out my Varla Eagle One Review.
- Varla Falcon Scooter – The Varla Falcon is an excellent scooter that offers a good amount of power at a lower price point compared to more powerful scooters. It’s not exactly an entry-level scooter, nor is it a high-powered scooter. I think it fits somewhere in-between those two categories – an intermediate scooter if I had to give it a category. Check out my Varla Falcon Review.
- Hiboy S2 Scooter – The Hiboy S2 is an excellent entry-level commuter scooter that's perfect for someone looking to save some money in transportation costs and improve their commute. Check out my Hiboy S2 Review.
- Hiboy S2R Scooter – The Hiboy S2R is one of the more interesting electric scooters I’ve been able to test out. It’s not a high-powered scooter, but for an everyday transport option, it’s very useful, especially given some of the unique features that it has. Indeed, for the price, the Hiboy S2R might be the best value scooter I’ve used. Check out my Hiboy S2R Review.
- Fucare H3 Scooter – The Fucare H3 is a fun scooter and I’ve enjoyed testing it out. For a daily commuter or quick trips or errands, the Fucare H3 is probably the scooter I’ll use. It’s portable and easy to maneuver, so it’s just easier to take on the road when I need it. Check out my Fucare H3 Scooter Review.
More Recommended Investing App Bonuses
For additional investing app bonuses, be sure to check out the ones below:
- M1 Finance ($100) – This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $100 for opening an account. Check out my M1 Finance Referral Bonus – Step-By-Step Guide.
- SoFi Invest ($25) – SoFi Invest is an easy brokerage account bonus that you can earn with just a few minutes of work. Use my SoFi Invest referral link, fund your SoFi Invest brokerage account with just $10 and you’ll get $25 of free stock. I also have a step-by-step guide for the SoFi Invest referral bonus.
- Webull (20 free stock shares) – Webull's current promotion gives you 20 free shares valued between $3-$3,000 each if you open an account using my referral link. Here’s a guide I wrote about how to earn your free shares using Webull.
- Moomoo (15 free stocks) – Moomoo is a free investing app currently offering 2 different referral bonuses if you open an account using a referral link. Read my Moomoo referral bonus guide for more information.
- Robinhood (1 free stock) – Robinhood gives you a free stock valued between $2.50-$225 if you open an account using my referral link.
- Public (1 free stock) - Public gives you a free stock valued between $3-$70 if you open an account using my referral link.
More Recommended Bank Account Bonuses
If you’re looking for more easy bank bonuses, check out the below options. These bonuses are all easy to earn and have no fees or minimum balance requirements to worry about.
- SoFi Money ($325) – SoFi Money is a free checking account from SoFi. They’re currently offering a $25 referral bonus if you open a SoFi account with a referral link and deposit $10. You can also make an additional $300 as well if you complete a direct deposit. This is a good bank that is also 100% free, so you won’t have to worry about managing this account. Here’s a post I wrote with instructions on how to earn your SoFi Money bonus: SoFi Money Referral Bonus: Step By Step Guide.
- Upgrade ($300) – Upgrade is a free checking account that’s currently offering a $300 referral bonus if you open an account and complete a direct deposit. These bonus terms are easy to meet, so it’s well worth doing this bonus as soon as you can. Here’s a post I wrote with more details: Upgrade $300 Referral Bonus – Step By Step Directions.
- Fairwinds Credit Union ($175) – Fairwinds Credit Union is offering a referral bonus for users that sign up using a referral link. Fairwinds has no fees or minimum balance, so this is a particularly easy bonus to earn. Since this is a smaller credit union, my gut instinct tells me this offer won’t be around long, so if you’re in a position to meet the bonus requirements, grab this bonus before it’s gone. Here is my step-by-step guide on how to earn your Fairwinds Credit Union bonus.
- Chime ($100) - Chime is a free bank account that offers a referral bonus if you use a referral link and complete a direct deposit of $200 or more. In practice, any ACH transfer into this account triggers the bonus. This bonus is easy to earn and posts instantly, so you’ll know if you met the requirements as soon as you move money into the account. I wrote a step-by-step guide on how to earn your Chime referral bonus that I recommend you check out.
- US Bank Business ($800) – This is a fairly easy bank bonus to earn, since there are no direct deposit requirements. In addition, you can open the Silver Business Checking account, which comes with no monthly fees. Check out how to earn this big bonus here.
- Fifth Third Bank ($200) – This offer is limited to customers in the following states: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, Tennessee, West Virginia, and South Carolina. If you don’t live in one of those states, you won’t be able to open an account online but you can still open an account in-branch if you happen to be visiting a city that has a branch. This is a fairly easy bank bonus to earn, especially since there are plenty of data points showing what will trigger the direct deposit requirement. In addition, you can open the Fifth Third Momentum Checking bank account, which comes with no monthly fees or minimum balance requirements. Read my guide on this bonus here.
- GO2Bank ($50) - GO2Bank is an easy bank bonus that I recommend people take advantage of if they have an easy way of meeting the direct deposit requirement. I like that it’s easy to open the account and that the bonus pays out quickly. Check out my step-by-step guide on how to earn your GO2Bank $50 referral bonus.
- Current ($50) – Current is a free fintech bank that’s offering new users a $50 referral bonus after signing up for an account using a referral link. Current is an easy bonus to earn and also gives you access to three savings accounts that pay you 4% interest on up to $2,000. That means you can put away up to $6,000 earning 4% interest. That’s very good and makes Current an account I recommend to everyone. Check out my step-by-step guide on how to earn your Current Bank bonus.
- Novo Bank ($40) - Novo bank is a free business checking account that’s currently offering a $40 bonus if you open a Novo business checking account using a referral link. In addition to being a good bank bonus, Novo is also a good business checking account. It has no monthly fees or minimum balance requirements and operates a good app and website. Indeed, it’s the business checking account I currently use for this blog. Check out my post on how to easily open a Novo account.
- Varo ($25) – Varo is a free fintech banking app similar to Chime or Current. It’s currently offering a $25 bonus to new users that open a new Varo account with a referral link. The bonus for this bank is very easy to meet, all you need to do is spend $20 within 30 days of opening your Varo account. Check out my step-by-step guide to learn how to earn this bonus.
Kevin is an attorney and the blogger behind Financial Panther, a blog about personal finance, travel hacking, and side hustling using the gig economy. He paid off $87,000 worth of student loans in just 2.5 years by choosing not to live like a big shot lawyer.
Kevin is passionate about earning money using the gig economy and you can see all the ways he makes extra income every month in his side hustle reports.
Kevin is also big on using the latest fintech apps to improve his finances. Some of Kevin's favorite fintech apps include:
- SoFi Money. A really good checking account with absolutely no fees. You'll get a $25 referral bonus if you open a SoFi Money account with a referral link, and an additional $300 if you complete a direct deposit.
- 5% Savings Accounts. I'm currently getting 5.24% interest on my savings through a company called Raisin. Opening a Raisin account takes minutes to complete, it's free, and all of your funds are FDIC-insured. I explain how it works, why I'm now using it to store my emergency fund and any other cash savings I have, and why I recommend everyone check it out in this review.
- US Bank Business. US Bank is currently offering new business customers a $800 signup bonus after opening a new account and meeting certain requirements.
- M1 Finance. This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $100 for opening an account.
- Empower. One of best free apps you can use to monitor your portfolio and track your net worth. This is one of the apps I use to track my financial accounts.
Feel free to send Kevin a message here.
Please remove the Go2bank. Its a terrible bank. Completed the requirements but wont honor the bonus. Their cs support is a nightmare.
Hey this happened to me too. After 48 hours I was told that they don’t know what I’m talking about – the reward is now $75 and it seems that they don’t pay.
My boyfriend opened an account and sent me a referral link. I opened my account using his link he received an email telling him i opened my account and that as soon as I received my direct deposit we both would get the $50 in 48 hrs.
I opened my account on the 9th Oct. He got that email on the 11th and I got my direct deposit of over $1400 on the 31st. We never got and money and we both tried using the chat but they were guessing and had no idea how to help us.
I the referred person have called several times they keep saying their opening a ticket they opened one on the 3rd and closed it same day without ever emailing either of us and no resolution. I called again and was told that was closed and she would put in for follow up but that’s not good enough at this point I’m getting angry she never did that anyway. I called again trying to get a supervisor or someone who knows what their talking about but could not again they open another ticket with a new number so they said but neither of us got the email she said we would get confirming this case. So does anyone know how to get a person that knows about this program? I get a different answer every call we did everything it asked and we still have no rewards he’s going to close his account and so will I if this is fake I closed another account to open this just to help him out and to claim this offer which now seems bogus.
This worked in July 2023. I did a direct deposit into my account, and then I also did a DD into my spouse’s account (who used my referral code). Although the fine print suggested that one person couldn’t DD into two different accounts, we both got the bonus within 48 hours.
I couldn’t get GO2Bank to link with my credit union, and even when I linked it from the credit union side, it wouldn’t let me transfer money out. But I was able to use the bill pay feature (seemingly only available on the app, I couldn’t find it on the browser version) to pay a credit card bill and empty my account that way.
Opened an account using your referral link, but I was told by customer service it wouldn’t work unless I gave a name and email of the person who referred me.
Send me an email. Thanks.