Why do they do this? Because it costs them advertising money to get new customers, and by paying you and a friend to do the advertising for them they only have to pay when a new account is created.
It is amazing how so many "anonymous" bloggers will fall hand over foot to tell you their identity for a $10 referral bonus. Well, not me. I have accounts at ING and Virtual Bank, but I'm sure as hell not telling you my name. That's private information.
But, in case you would like to get a $25 sign up bonus from ING Direct, or a $20 bonus from Virtual Bank, or even a $10 "unofficial" bonus from Emigrant Direct, here are links to other bloggers who will willingly send you the links to sign up:
ING Direct - Get $25 (they get $10) when you fund your account with the $250 minimum. Currently Yielding 3.75%:
Virtual Bank eMoney Market - Get $20 (they get $20) when you fund your acocunt with the $100 minimum. Not sure how long you have to maintain that balance. Currently yielding 3.55%.
- No bonus, but I'll get a commission (yeah, i know, nobody is going to click on it, but it is worth a try)
- My Money Blog
- Couldn't find anybody else offering this one, even though they get another $20 for referrals. Strange
rumored - HSBC Direct - $25 when you sign up with the code Start. I tried this, but missed the place to put the code in so I don't know if this works or not. Also currently yielding 4%
If you are also selling your soul...err... Referring people and I have left you off the list email me at _NOSPAM_retireat30@gmail.com