GO2Bank is currently offering new users a $100 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:Â
- Â 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.Â
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.Â
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.Â
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.Â
That being said, when I completed my direct deposit, the bonus posted automatically within 2 days from when my direct deposit hit my account. Â
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.Â
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.Â
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 GO2BankÂ
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.Â
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.Â
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.Â
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.
More Recommended Ebike/Scooters
Check out these other ebikes/scooters I've had the chance to do a review for:
- GEN3 Outcross Bike – The GEN3 Outcross is a solid, affordable fat tire ebike that does a good job of doing what I need it to do. It works great for city riding, giving me a smooth ride in all conditions. It’s works really well as a winter ebike since the fat tires give it good traction over snow and ice. Check out my GEN3 Outcross Review.
- Himiway Escape Bike – 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 Bike – 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.
- 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 $100 and you’ll get $25 of free stock. I also have a step-by-step guide for the SoFi Invest referral bonus.
- Moomoo (5 free stocks) – Moomoo is a free investing app currently offering 5 free stocks (usually worth around $75-$100) if you open an account using a referral link and deposit $2,000. Read my Moomoo referral bonus guide for more information.
- Webull (5 free stocks) – Webull also gives you 5 free stock 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 stocks using Webull.
- 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.
- GO2Bank ($100) - 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 $100 referral 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 ($750) – 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.
- SoFi Money ($275) – 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 $250 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.
- Fifth Third Bank ($225) – 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.
- Fairwinds Credit Union ($100) – 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.
- Netspend ($40 + 5% Interest Savings Account) – Netspend is a company that provides 5% interest savings accounts. If you sign up using my referral link, you’ll get a $40 signup bonus once you make your first deposit into your Netspend account of $40 or more. That means you get a 5% interest savings account and a free $40 to start! Make sure to check out my in-depth guide on how to set up these accounts.
- 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.
- Digital Federal Credit Union ($20) – Digital Federal Credit Union (DCU) is a free, nationwide credit union that I recommend to readers for two reasons. First, DCU has a $20 referral bonus if you open a free DCU checking account with a referral link. Second, DCU has a saving account that gives you 6.17% interest on your first $1,000. Check out my in-depth post on how to set this account up.
- 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 ($30) – Varo is a free fintech banking app similar to Chime or Current. It’s currently offering a $30 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 $250 if you complete a direct deposit.
- US Bank Business. US Bank is currently offering new business customers a $750 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.
- DCU. Digital Federal Credit Union (DCU) is a free, nationwide credit union that I recommend to readers for two reasons. First, DCU has a $20 referral bonus if you open a free DCU checking account with a referral link. Second, DCU has a savings account that gives you 6.17% interest on your first $1,000.
- Personal Capital. 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.
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