$150 Albert Referral + Earn Up to $1,500 Credit [May 2024]

How to Get  the $150 Albert Referral Bonus?

By now, you’re probably itching to get signed up for Albert. We’ve broken down the Albert banking app sign-up process into four parts to make it as easy as possible.

1. Open your Albert Cash account through our Albert referral link

The best way to ensure you’ll get your $150 sign-up credit is by creating your Albert account using our Albert referral link. This bank account is free to set up. Don’t be alarmed when the referral bonus isn’t mentioned right away. You’ll see it referred to at a later stage of the sign-up process.

Getting started with Albert is relatively straightforward. The entire sign-up process happens within the app and is comparable to creating an account with a traditional bank. You’ll need to provide several documents and pieces of personal information, including your home address and social security number.

During the sign-up process, you’ll be asked whether you want to create an investment account. If you create an investment account, you’ll also need to sign up for the ‘Albert Genius’ feature. This account is entirely optional, and you can change your mind later by selecting the ‘later’ button on the screen.

The next option you’ll be offered is the Albert Instant Cash feature. It allows you to borrow up to $250 – but it’s also another optional feature.

You’ll also be asked if you want to activate the smart savings feature on Albert. We recommend doing this to get the most out of the app’s money-management features. At this stage, you’ll be asked to link your bank account and credit cards to allow Albert to use your data to monitor your transactions. They’ll use this information to create the algorithm to withdraw money to set aside in your savings account each week. The smart savings feature is free to use and an easy way to boost your savings passively.

Finally, you’ll be asked whether you want to sign up for the Albert Genius feature. It’s a monthly subscription service that connects you to a financial expert to create a plan to manage your net worth and finances. There is no set price for Albert Genius, meaning you can essentially pay whatever you want to gain access to the feature. You can skip this feature by setting the monthly payment for Albert Genius to $0, meaning that it won’t be activated for your account.

That’s how easy it is to get set up with your Albert Cash account. If you don’t activate the Albert Genius feature, you won’t have any fees associated with your account.

2. Receive at least $500 within 45 days of opening your Albert account as a direct deposit

To meet the requirements for your Albert referral bonus, you’ll need to deposit at least $500 into your Albert Cash account within the first 45 days of opening your account.

You’ll want to note the fact that Albert’s terms and conditions state this must be a ‘direct deposit’ and not a cash transfer. This requirement means that you can’t add $500 to your account using a peer-to-peer app like PayPal or Venom, or by transferring from another current account.

A ‘direct deposit’ is a payment made into your account by your payroll provider, benefits payer, or your employer. No other form of deposit will count towards the $500 needed to meet the Albert referral requirement.

As this is a new referral program, Albert may eventually decide to change these strict terms and conditions around deposits, so it’s worth keeping an eye on.

However, setting up a direct deposit is relatively straight forward. You’ll need to get the account number and sort code for your Albert Cash account. This information can be found within the Albert Cash app in the deposit section. When the app prompts you to confirm how you want to set up your direct deposit, select the ‘manual’ option. The screen will show you the account number and sort code. It’s worth documenting this information somewhere that you can easily access it for future reference.

3. Spend $200 using your Albert debit card

The $500 direct deposit isn’t the only requirement for your Albert referral credit. You’ll also need to spend $200 on your Albert debit card to meet the Albert referral requirement. This requirement is relatively new but is an easy threshold to meet. You can easily spend $200 on your groceries or pay one of your utility bills.

4. You’ll receive your $150 credit immediately when you meet the Albert referral bonus requirements

One perk of the Albert referral program is that your $150 credit is accredited almost immediately after you’ve met the Albert referral requirements. Other referral programs often make you wait up to 90 days to receive your bonus after meeting the requirements.

How to Refer With Your Albert Referral Link?

Once you’ve set up your Albert account, it’s time to start using the Albert referral program yourself. It’s a win-win as both you and your friend will receive a bonus once they sign up through your Albert referral link. Follow the steps below to find your Albert referral link:

Step 1: Open the “Home” icon from your Albert app and tap “Earn $150” on the upper right part of your screen.

Step 2: Click “Invite Friends” and from there you can send your unique Albert referral link to your friends. Make sure your friends make a qualifying direct deposit of $500 or more within 45 days to ensure you earn you Albert referral bonus.