Rakuten: $75 Betterment Checking Or Savings Account Bonus (No Requirements)

Rakuten is offering $75 cash back bonus when you open a Betterment checking or savings account! Best of all, there are NO deposit requirements.

Open a Betterment checking account with just $1 and you’ll get a $75 sign-up bonus! Or, if you prefer to open up a Betterment savings account, fund it with $10 and the $75 cash back bonus is yours!

Ninja Update 2/15/21: That was fast – deal back to $75. Hat tip to reader Portland for letting me know.

Ninja Update 2/13/21: Bonus now $128 and still doesn’t require direct deposits. Hot deal is now hotter deal!

About Rakuten

Rakuten is one of my favorite cash back sites that gives you a portion of your money back when you shop at your favorite online stores.

Not a Rakuten member yet? Use The Money Ninja link to sign up and get $20 off your next purchase at any store when you spend $20 or more.

$75 Betterment Checking / Savings Account Offer

Rakuten has a limited-time offer where they will pay you $75 when you open a Betterment checking account OR Betterment Cash Reserve account (what they call their savings account).

Unlike other bank account opening bonuses, there are no deposit requirements. Simply open a Betterment account, fund it with $1, and you’ll be credited $75 cash back from Rakuten.

About Betterment

Betterment is an independent online investment advisor founded in 2008 by Jon Stein. It grew quickly and now maintains a portfolio of nearly $20 billion.

Along with investments, Betterment also offers checking and savings account with no fees.

Steps To Get $75 Betterment Bonus

  1. Open a free Rakuten account or sign into your existing Rakuten account [$20 Sign-up Bonus Link]
  2. Once logged into your Rakuten account, navigate to the Betterment $75 account opening bonus here
  3. Click the red ‘Shop Now‘ button to be transferred to Betterment site
  4. On the main Betterment screen, click ‘Spend‘ at the top of the page for their checking account ORSave‘ for their saving account (Cash Reserve account)
  5. Tap on the blue ‘Get Started‘ button to apply for an account
  6. Fund your new Betterment account with at least $1 for the checking account or $10 for the savings account
  7. Receive the $75 cash back bonus in your Rakuten account the next day

What Are The Details?

Availability: Nationwide
Expiration: Limited-time (unknown end date)
Household Limit: None
Direct Deposit Required: No
Soft/Hard Pull: Soft
Early Account Termination Fee: None

Cash Back Terms

Exclusions: Cash Back is only earned for a funded Betterment Checking, Cash Reserve or Investing account of at least $1.00 for checking products and $10.00 for Cash Reserve and investing products, and is not available for other Betterment products or current Betterment customers.

Special Terms: Checking accounts and the Betterment Visa Debit Card provided and issued by nbkc bank, Member FDIC. Funds deposited into Checking will be eligible for up to $250,000 of FDIC insurance. Betterment Checking made available through Betterment Financial LLC. Neither Betterment Financial LLC, nor any of their affiliates, is a bank.

Betterment Financial LLC reimburses ATM fees and the Visa 1% foreign transaction fee worldwide, everywhere Visa is accepted. Void where prohibited or restricted by law. Cash Reserve is only available to clients of Betterment LLC, which is not a bank, and cash transfers to program banks are conducted through the clients’ brokerage accounts at Betterment Securities.

Posting Time: Cash Back will be automatically added to your Rakuten account the next day.

The Bottom Line

You can also open a Betterment Investing account with $10 to get the same $75 bonus. To summarize:

  • Betterment Checking = $75 cash back for opening an account and funding it with $1
  • Betterment Savings (Cash Reserve) = $75 cash back for opening an account and funding it with $10
  • Betterment Investing = $75 cash back for opening an account and funding it with $10

This is a very easy, no-requirements bonus for accounts I’ve never seen a sign-up offer for. Some people may want to open the checking account anyway with it’s $0 fee (no overdraft, low balance, or ATM fees) structure and free rewards debit card.

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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3 years ago

I have a Rakuten, but when I am not directed to Betterment Account offer via your link. I also can’t find it when I do a general search.

3 years ago

Thank you for the feedback & great find!

3 years ago

It looks like the $128 version has already been pulled, as Rakuten is now back to showing a $75 bonus.

3 years ago
Reply to  John Pham

No problem! To clarify, I can open up a checking account through Rakuten, obtain the bonus offer within a matter of days, and then close out the bank account almost immediately and pay zero early termination fees while also getting to keep 100% of the bonus? That’s my understanding of it right now. Is that correct?