GO2bank Promotions: $75 Referral Bonus

Get a $75 bonus when you open a GO2bank account and receive a qualifying direct deposit. Existing GO2bank users can earn a $75 referral bonus for each person that opens an account using your referral link and completes the same offer requirements.

Full details of all GO2bank promotions below.

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, U.S. Bank, and Axos Bank.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

What is GO2bank?

GO2bank, owned by Green Dot Bank, is a popular mobile banking app designed to help the two in three Americans living paycheck to paycheck access banking features without the nickel-and-dime fees traditional banks charge. It has served over 33 million customers in the past 22 years, providing benefits including:

  • High-Interest Savings: 4.50% APY on balances up to $5,000 (10X the national average as of 1/20/24)
  • Overdraft Protection: Up to $200 of overdraft protection
  • Access to Credit: Optional GO2bank Secured Credit Card with no credit check or annual fee so you can establish and build credit

If you’re interested in opening an account, make sure you check out the current GO2bank promotions below for sign-up bonuses and referral offers.

GO2bank Promotions

Offer 1: GO2bank $75 Sign-up Bonus Offer

Earn a $75 referral bonus when you open a GO2bank account using the link below and make a direct deposit of $200 or more.

Step-by-Step Directions to Earn Welcome Bonus:

  1. Open a GO2bank account using this link.
  2. Opt-in to overdraft protection (you don’t need to use it).
  3. Make a direct deposit of at least $200 within 45 days of account opening.
  4. Receive a $75 bonus within 2 days of qualifying direct deposit.

It’s a free account and takes less than five minutes to register. Don’t have a direct deposit readily available? Check some of the user reported tips below on other transfers that count as a direct deposit.

Bonus Offer Details

Availability: Nationwide
Expiration: 12/31/2024
Household Limit: None
Direct Deposit Required: Yes, $200 or more (see what counts as a direct deposit)
Soft/Hard Inquiry: Soft
Early Account Termination Fee: None

Offer 2: GO2bank Referral Program

Invite friends and family to GO2bank using your unique referral link and receive $50 for each person that opens an account and makes a direct deposit of $200 or more within 45 days of account opening. The person you invite will also get a $50 bonus.

Go2Bank $50 Referral Bonus
(Image from GO2Bank)

How To Refer People:

  1. Locate your personal referral link on the Home screen of the GO2bank app.
  2. Copy and share your unique link via SMS, email, or the share button.
  3. Receive a $50 referral bonus within 2 days of the referral completing offer requirements.

You can refer as many people as you like, however, you’re limited to $1,500 in referral rewards per calendar year. With the current $50 referral bonus, that means you’ll reach the annual cap after 30 successful referrals.

Invite Friends Terms & Conditions

  • The referred individual may not have previously opened a GO2bank Deposit Account (“Account”).
  • They must open the new account using the referring GO2bank accountholder’s unique referral (share) link directly or as shared through email or social post
  • They must receive in the new Account a qualifying direct deposit of $200 or more within 45 days of account opening. The qualifying direct deposit must be made by the referred individual’s employer, payroll provider, government benefits, or unemployment benefits payor by Automated Clearing House (ACH) deposit. Bank ACH transfers, debit card transfers, verification or trial deposits from financial institutions, tax refund deposits, mobile check cashing, and cash deposits are not qualifying deposit activities.
  • Referring GO2bank accountholder and referred individual GO2bank accounts must both be in good standing to be eligible for and receive a reward.
  • The reward is paid to each party within 48 hours after qualifying funds are first deposited into the referred individual’s new Account.
  • All referral rewards will be reported on form 1099-INT to the IRS.

For the complete terms and conditions of the GO2bank’s referral program, see this page.

The Bottom Line

According to Reddit, GO2bank doesn’t inquire with ChexSystems, which is a reporting system to check the number of bank accounts opened by individuals. Many people know that opening bank accounts doesn’t affect your credit score, but some banks are sensitive to people who open up too many accounts in a short amount of time.

Because GO2bank doesn’t, it makes this offer go from “okay” to “good”. On top of this, there are reports that you don’t need to make a traditional direct deposit to trigger the sign-up bonus. Readers have shared data points showing that they received the sign-up bonus by transferring money from a Wise account to their Go2bank account, but YMMV.

GO2bank also provides a 4.50% for account balances of up to $5,000, which is near the top of the highest rates for the best high-yield savings accounts.

Although GO2bank doesn’t allow you to withdraw money outside of using their free partnered ATMs (maximum ATM withdrawals of $500 per day), here’s a little tip: you can add your GO2bank’s account number and routing number to another bank app, like SoFi, and use that app to initiate a withdrawal of funds from your GO2bank balance.

In this example, new users can earn up to an additional $325 with SoFi’s savings and checking account promotion and double-dip on bonuses.

If you’re looking for sign-up bonuses similar to GO2bank, check out these welcome offers from Chime ($100), MoneyLion ($60), and Current.com ($50).

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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5 months ago

The bonus is now only $75. 😓😓