When it comes to free money, websites and apps that provide you with it just for signing up are the easiest. They do exactly that – you sign-up and get money for it. It might be a financial institution or a simple app, they all come in different shapes and sizes. These are the 4 options where you can sign-up for free money.
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More often than not, a variety of cashback applications offers you an instant sign-up bonus. This is done to incentivize you to make purchases.
For example, Rakuten, one of the biggest cashback services in the world, offers you $10 of free money just for signing up. The catch, however, is that you would need to make $25 worth of purchases at least three months after your registration. Considering the time window, you are sure to spend that money quickly.
Another cashback provider, Ibotta, gives you a $10 sign-up bonus instantly with no strings attached. From a free money perspective, this option is a bit more viable since you do not have to spend any money in order to get your bonus.
After claiming your bonus, it would be smart to keep on using these cashback services. They tend to give you a lot of savings in the long run, especially on more pricy purchases. With cashbacks, you would get a portion of your payment back. Combined with the sign-up bonuses, this could give you a nice sum of free money.
Similar to cashback apps, a lot of investment applications also give you a sign-up bonus. Often, however, they come in the form of free stock, but still, as no investment is required and you can make a profit from the said stock, it could be called free money.
One of the biggest investment apps on the market today is Robinhood. The advantage it has over other investment apps is the fact that the purchases and sales there are absolutely commission-free. This means that whichever sum you use for purchase or sale will be fully received by you.
When it comes to free money though, Robinhood offers you a share of stock upon sign-up. You are free to use that stock as you wish. You may sell it right away, exchange it for other stocks, or keep on holding it in hopes that the price would rise up.
Passive income applications
Passive income applications provide you with free money by themselves. Since they are ‘passive’, you are not required to do any tasks or anything in order to get some money. Also, as an incentive to join, they sometimes offer sign-up bonuses.
For example, Honeygain is a passive income application that provides you with a $5 sign-up bonus. It gets added as credits to your account immediately after registration. You can either sign-up via their website and get the bonus, or use your friend’s referral link. It would net you $5 immediately and your referral would get the equivalent of 10% of your earnings.
On this application, you get free money by sharing your internet bandwidth, which is then used for price aggregation, SEO research, and other use cases. You get 3 credits for 10 MB of traffic share, and 1 000 credits is $1. You need to collect 20 000 credits though in order to be eligible for the payout.
However, as noted, you would get 5 000 credits just to sign-up, giving you an immediate boost towards the payout. As the application does everything for you, it is free money to the core.
While technically not a traditional sign-up process, you would still become a member of something different. In this case, a new member of some bank. You can net some free money just by switching from one bank to the other.
It is no secret that banks need more and more clients. They need them to keep the business afloat. To incentivize you to join them, or, even better, switch from some bank, certain banks offer a switch bonus.
This works both ways. Just simply switching banks is a somewhat difficult and time-consuming task, that is why banks are willing to pay upwards of $200 just for you to make the switch. With sums like that, the incentive to get some free money and start using a different bank is massive.
With these four methods of getting money just by signing up somewhere, you are bound to get free money without any hassle. Continuing the use of cashback, investment, and passive income applications can also increase your overall income. With that in mind, the sooner you begin – the more you will earn!