Yieldstreet is a free investing app that allows users to invest in alternative asset classes. They’re on a push to get new users, so right now they are offering a $100 bonus for each person you refer to Yieldstreet. The person you refer doesn’t have to do anything other than use your link and open a free Yieldstreet account. They don’t have to put any money into the account or do anything with it either for you to earn your bonus – all you have to do is refer them. That makes Yieldstreet worth opening solely to refer people. In this post, I’ll go over everything you need to know to earn your Yieldstreet referral bonus.
How To Earn Your Yieldstreet Referral Bonus
As mentioned, Yieldstreet has a referral program that allows current Yieldstreet users to refer other people. Each person you refer will earn you a $100 referral bonus.
To earn your Yieldstreet referral bonus, you have to do two things:
- Open a free Yieldstreet account. You can open this by downloading the Yieldstreet app or going to the Yieldstreet website. You don’t need to use a referral link, but if you do feel like supporting this blog, send me an email at kevin@financialpanther.com and I can send you a referral link. I’ll earn $100 for referring you.
- Refer people using your Yieldstreet referral. Once you create a Yieldstreet account, you’ll be able to refer other people to Yieldstreet. You’ll receive $100 for each person that you refer. The terms state that you can earn up to $2,000 per quarter, which means you could theoretically refer 20 people every 3 months and earn up to $8,000 in a year. (Note: Yieldstreet recently added that you have to have a Yieldstreet account open for 30 days before you’re eligible to refer people. They added this after I wrote this post, but if you’re reading this now, best to wait 30 days before you refer someone).
- You’ll earn your Yieldstreet referral bonus at the start of the next quarter. You’ll earn your $100 bonus at the start of the next quarter. Depending on when you refer your person, this can either be really quick or you’ll have to wait a bit.
What makes this referral so appealing is that the person you refer doesn’t have to do anything other than open a Yieldstreet account using your referral link. The referral terms specifically state the following:
There is no purchase or investment necessary by an Invitee in order for you to receive cash compensation. Note, however, that you accrue no additional benefit if an Invitee ultimately makes an investment on the website or takes any other actions.
To qualify for the $100 bonus, the person you refer has to do the following within 30 days of receiving their invite from you:
- Open a new Yieldstreet account using your referral link.
- Complete all identity verification requirements (this simply means confirming SSN, phone number, addresses, etc – essentially what you would have to do when opening any bank or investment account).
- Link an external bank account.
Yieldstreet doesn’t do a hard pull on your credit, so opening an account has no impact on your credit score or credit report. It should only take someone a few minutes to complete the signup process and link an external bank account.
The bonus will post in your Yieldstreet wallet at the start of the next quarter. So, if you refer someone in October, you’ll see your bonus in January.
Once you earn your $100 bonus for referring someone, you can either keep the money and invest it into something, or withdraw the money. I’ve opted to withdraw everything I earned from Yieldstreet.
Refer Your Friends And Family Members To Maximize Your Bonus
To refer someone, enter their email address in the “Invite a friend” section. You’ll find this button at the top right of the website. The person you refer will then get an email from Yieldstreet letting them know you referred them and giving them a link to use.
Each person you refer will earn you $100 if they create a Yieldstreet account and link an external bank account within 30 days.
Depending on how large your household is, you can earn a significant amount of money just by referring people you know. A two-person household can easily earn $100 with just a few minutes of work. If you have friends or family, you can easily refer them and offer to split the bonus with them. It’s super easy, so it’s worth taking advantage of it while you can. I can’t imagine this will last forever.
Final Thoughts
Yieldstreet is a referral bonus with easy terms – the person you refer only has to open an account and link an external bank account. At a minimum, it’s worth signing up just so you can refer a friend or family member. You might not be able to refer 20 people per quarter, but even just one or two referrals can add up to a few hundred dollars for you.
Remember, you don’t need to use my referral if you’re interested in this bonus. That being said, if the info I shared was helpful, it definitely helps me out if you use my referral link. Just contact me with your email address and I’ll send a referral link to you right away.
If you’re looking for more easy bank account bonuses you can earn, check out some of the guides I’ve written below:
- Chime Bank Referral Bonus – Step By Step Guide
- SoFi Money Referral Bonus – Step By Step Guide
- Lili Referral Bonus – Step By Step Guide
- M1 Finance Referral Bonus – Step-By-Step Guide
- Brex Card $250 Referral Bonus – Step By Step Guide
Kevin is an attorney and the blogger behind Financial Panther, a blog about personal finance, travel hacking, and side hustling using the sharing 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 sharing 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 $15 welcome bonus if you open an account.
- Lili Account. Lili is a free online business checking account geared towards freelancers and sole proprietors. Lili is currently offering new users a $100 bonus if you open a free Lili account using a referral link.
- 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 $30 for opening an account.
- Albert. A great free app I use to track my finances and save more money. You can also earn a $75 signup bonus if you open a free Albert cash account.
- Personal Capital. One of best free apps you can use to monitor your portfolio and track your net worth.
Feel free to send Kevin a message here.
Quick question, I looked in the terms and couldn’t find the answer…. How long does the referred person have to keep their account open?
I’m not sure – terms don’t seem to say. That being said there’s really no reason to close the account since it doesn’t cost anything. If they’re worried about linking an external bank account, have them link an account that they don’t use often so that if something does happen, they don’t have to worry too much.
Thanks for sharing this. I went ahead and starting doing this with my spouse but sending her the referral code. Do I have to do all the address verification with my own account too? Or just create the main account, send her a code, and then set all the details up on her account?
In theory, I don’t think you need to do anything with your own account. But I’m not sure. Terms don’t seem to say what you need to do.
On their site it says I have to be a member 30 days to make a referral yet I had no problem sending someone a referral. Will sending one before 30 days affect the reward.?
Hey, did they just add that term? Or where did you see that because I didn’t notice that restriction before.
Interesting. That wasn’t there when I wrote this post, which means they added it – probably because they’re trying to limit how many people get this bonus.
My guess is you should probably wait 30 days before you refer.