Raiz App Double Referrals for March, $10 for Both Referrer and Referee

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Raiz

• 

  ph81 on 29/02/2020 - 18:25

  +2

  Good deal, but I'd hardly be putting anything at the moment. Stock market is a house of cards.

  • 

    fault on 29/02/2020 - 19:06

    +1

    It's about time in the market not timing the market! Or so they say… :)

    • 

      ph81 on 29/02/2020 - 21:24

      Haha whilst that's true, I'd hate to be throwing money in when next week it'll be worth 10% less.

    • 

      callum9999 on 01/03/2020 - 13:04

      That's what everyone says, but it seems silly to do so while its clearly sliding!

      No one is going to be able to predict exactly when it will start rising again, but it seems prudent to wait a few weeks/months until the current slide seems to be stabilising. That doesn't mean it won't drop again obviously, but you'll likely still be better off.

• 

  Truthbe on 29/02/2020 - 19:24

  Can you do puts?

• 

  navjay on 01/03/2020 - 00:41

  Minimum investment of $5 (you don't have to use the fancy round-upsystem) and you shouldn't be hit with the $2.50 fee if you withdraw it before the end of the month. Requires your bank login details though… Hmmm

  • 

    thriver on 01/03/2020 - 08:00

    Thanks for the info. I was looking through their website to find out when the monthly fee will be charged but couldn’t locate.

• 

  thriver on 01/03/2020 - 08:10

  OP had mentioned about blog not being updated. But the below link seem to be a specific article created just for march program and it only says $5 each. Either the push notification OP had received or this article is incorrect.

  https://raizinvest.com.au/blog/double-referrals-in-march/

  • 

    BargainJunkie on 01/03/2020 - 09:08

    I did find this article prior to posting, but it actually is in reference to 2019, and not this year (refer to date of article post on screenshot below):

    https://imgur.com/yA74FAw

    The push notification is still there however the refer bonus still has it listed as $5.

    I suspect Raiz has yet to make the appropriate update, so maybe wait until tomorrow to see what happens before entering a referral code and registering for an account.

    • 

      thriver on 01/03/2020 - 11:13

      Thanks. Yeah clicking the random referral link, the page still does $5 bonus. Better to wait until it’s updated to state $10.

      • 

        gottacatchemall on 01/03/2020 - 11:40

        Had a few people I wanted to refer just checked the app says 5 for me as well

        • 

          BargainJunkie on 01/03/2020 - 18:28

          @gottacatchemall: Raiz has updated the app now so it reflects the $10 bonus

          • 

            devilbabies on 01/03/2020 - 19:50

            @BargainJunkie: should the app mention $10 before you create an account? because the website still says $5, and the app says nothing (& gives no indication that i used a referral link)

            • 

              BargainJunkie on 01/03/2020 - 20:20

              @devilbabies: Did you use one of the referral links at the bottom of the post?

              Because on my app account it shows the referral as $10 instead of the previous $5:

              https://imgur.com/APzi4QZ

              It updated sometime this afternoon. If you signed up without a referral code, you may still be able to apply one later (within 14 days from account creation from memory).

              I think the code has been updated already but Raiz seems slow to make updates to their website, given the push notification on the app came yesterday but still nothing added on their blog.

              Hope this info helps!

              • 

                atlinus on 04/03/2020 - 03:07

                @BargainJunkie: I use web and mobile app and it shows 'both will get $5" Should I continue or wait until it gets updated until it shows $10

                • 

                  atlinus on 04/03/2020 - 03:29

                  @atlinus: I input the ramdom code i got to the Promo code during registration.

                  I have not yet link any account.

                  How will i know im getting $10 ?

                  There is no credit and no email received regarding $10

                  • 

                    atlinus on 04/03/2020 - 10:09

                    @atlinus: Found the answer.

                    History of transaction is only found using the web portal and not on their mobile app.

                    I login to their websiteand fond the history of transactions

• 

  atlinus on 01/03/2020 - 15:47

  Do they charge once i open an accnt and put my initial deposit?

  Can i take out ally deposit plis the bonus before end of the moneth and still keep it open jist for referral?

  I prefer using spaceship, no fees below 5k

  • 

    BargainJunkie on 01/03/2020 - 18:21

    No they don’t charge on the initial deposit.

    Yes I believe you can, although you might need to keep a minimum amount in your account for referrals to still be active? I haven’t tried this so I’m not sure.

    I also like Spaceship but it couldn’t hurt to diversify.

• 

  brodof on 02/03/2020 - 19:24

  How long does it take to show the sign up bonus?
  I’m not sure if mine worked

  • 

    BargainJunkie on 03/03/2020 - 10:42

    I remember mine showed up pretty quickly, as in the confirmation but it took a bit of time for the money to come in.

    Try entering another referral code and see if it rejects it perhaps? If it does, probably means the code worked when you signed up.

    • 

      atlinus on 04/03/2020 - 10:15

      Once the deposit comes in to RAIZ (few days?), it seems it is automatically invested on the portfolio you have choosen as i do not see any account for holding your deposit/funds.

      And if you decide to take out all funds (referral rewards + initial deposit), the amount remaining will depend on the current performance of the portfolio since it was automatically invested by Raiz to your choosen portfolio.

• 

  kickling on 03/03/2020 - 09:09

  Do I need to set a spending account?

  • 

    BargainJunkie on 03/03/2020 - 10:43

    I think so as you’ll need to deposit something in order to qualify for the referral bonus.

    • 

      kickling on 03/03/2020 - 11:11

      I can deposit one time extra dollars any time.

      But what it is "alerting" me to is to setup a spending account for it to constantly monitor, to pick up the rounding feature. Which I don't want to use.

      • 

        BargainJunkie on 03/03/2020 - 11:38

        I think if you’ve already done the one time deposit and don’t want to do re-occurring deposits you can disregard that notification.

        If everything is correct your referral bonus should come in within the week from my experience.

        If it doesn’t maybe you can raise a question with their help department as they tend to respond in 24 hours or so.

        • 

          kickling on 03/03/2020 - 14:07

          @BargainJunkie: Yup cool.

          Account is setup and verified, and deposit is pending now so should be all good

• 

  atlinus on 04/03/2020 - 08:27

  I try to fund with $5. I click on invest button then nothing happens. I was looking for history of transaction, i couldnt find anywhere. Not a good on first impression with this app.
  The interface is different from the blog posted by thriver about double march bonus. It shows history button on its interface but mine doesnt.

  I try to reach customer service, it says response will take 1-3 business day

  My transaction account was already verified.

  • 

    atlinus on 04/03/2020 - 10:05

    ok, i found my answer to my question.

    I could not find the history button to deteremine the transactions of deposit or payments or the $10 joining bonus in mobile app becuase it looks like it was only available on thwor website

    I login to their website and there is the history button to see your deposit and the referral reward status which are both in pending.

    • 

      atlinus on 04/03/2020 - 11:25

      I spoke too soon.I can now see the history even in the mobile app.

      I think my account was not yet approve completely why I couldnt see the other features on my mobile app.
      Its strange sequence of events. Raiz should not allow to modify things or even initiate a transfer of deposit if the account isnt fully active.
      Could be synching issue on their back end or whatever. Not a good experience having this confusion.

      I though my account as all good as i verified my email and link accounts and initiate a transfer that my account was completely active - which seems not as I was not seeing the ohter features.

      Now, i just received a notification that my account was active (strange), I login and now I see the Past/Today/Future tab which was not there before.

• 

  atlinus on 11/03/2020 - 13:39

  +1

  when do you get the $10 rewards?

  It seems taking forever for the $10 rewards to appear.

• 

  tulip99 on 12/03/2020 - 19:38

  Yes, my $10 referred/referral reward is STILL PENDING and I joined a week ago. Raiz have just given me a $5 reward that is now active in my account. I emailed Raiz 2 days ago and they said the rewards should be active a couple of days after my original deposit is processed and in the market. STILL WAITING!