Available nationwide, Monifi is offering a $50 referral bonus when you open a new checking (spend) account. Unlike their direct deposit offer, you only need to make a regular deposit of at least $300 within 7 days. What's even more? You can stack this offer with other offers they have once you become a member – for example, you may be offered $25 to create your first savings goal of at least $100 or an additional $150 bonus to add $600 after the initial $50 for $300 hits.
Once you're a member, you can also take advantage of the same referral program, which currently pays $50 for each referral, up to $600 total.
How To Earn The Bonus
The Monifi Spend promotion requires you to deposit and maintain a minimum balance and use a referral link in order to earn the $50 bonus.
Full requirements to receive this bonus are:
- Get referred to open a new Monifi account using the link below.
- Within the first 7 days, deposit at least $300 into your spend account.
- Bonus will be deposited into both the referrer and referees account within 2-4 weeks.
The fine print
Please refer to the institution's website for any terms and conditions that may apply.
How does this personal checking offer from Monifi compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
U.S. Bank
U.S. Bank Smartly® Checking
- Bonus
- up to $1000
- Account Type
- Personal Checking
- Expires In
- 29 days
- Requires
- Direct Deposit
- Min Balance (optional)
Citi®
Citi Priority Relationship Tier
- Bonus
- up to $2000 w/activities
- Account Type
- Personal Checking
- Expires In
- 99 days
- Requires
- Min Balance
Discover
Cashback Debit
- Bonus
- up to $360
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
Why Monifi?
Monifi, a division of MidFirst Bank, is an online-only bank that has a straightforward product: a single account that has a "spend balance" and a "save balance". The spend balance acts as a typical checking account with a linked debit card, and your save balance earns like a HYSA.
The integrated product comes with budgeting tools that allow you to add tags and notes to your purchases, easily export transactions, and create and track your progress toward savings goals.
Monifi also plays on a "Hey Siri" interaction, with the ability to speak or text questions about your spending, such as "How much did I spend on coffee last year?".
With no monthly fees, the backing of a large bank, and a pretty consistent welcome bonus, this FinTech is worth checking out.
Monifi Spend
Fees
Monifi Spend does not charge a monthly fee.
Monifi is a division of MidFirst Bank. Member FDIC.