10 Best $50 Sign-Up Bonus Offers For Instant Money in 2024

I have been snagging free money on several apps over the years, including Prime Opinion and Branded Surveys. So, I have prepared this post to let you know the best apps you can use to get free money as well!

Below are 10 apps ready to dash you a $50 bonus when you sign up for them. If you are looking for free money, you should give these apps a shot!

These apps are special because you can earn $50 or more just in signup bonuses, unlike others that offer around $1. Moreover, I have delved into these apps to confirm their legitimacy, so stick around.

Legit $50 Sign Up Bonus Offers Available Right Now

Please be aware that the signup bonus offers mentioned here may change in the future without prior notice. But I will do my best to keep this post updated with the latest information.

Here are the best $50 sign-up bonus offers you can claim right now:

1. SoFi

SoFi is providing a sign-up bonus of up to $300 for new members. All you have to do is create a direct deposit for SoFi Checking and Savings account.

Even if you already have a SoFi account, you can still claim this bonus offer if you have not used direct deposit before.

Let me give you the scoop on the bonus offers – it all comes down to the amount you choose to deposit into SoFi:

$1,000 to $2,499: Bonus of $50 – $100
$2,500 to $4,999: Bonus of $200
$5,000 and above: Bonus of $300.

Plus, SoFi also gives you an annual percentage yield of 4.60% APY on savings and 0.50% APY on checking.

You earn $50 for referring someone
No monthly fees
Cashback rewards for shopping
High returns.

An initial deposit of at least $1,000
Lower APY for checking accounts.

2. Go2Bank

Go2Bank is another banking app you can join to receive a $50 bonus offer. However, unlike SoFi which lets you create a direct deposit account, Go2Bank rewards you through referrals.

Each person you refer to the app will earn you $50 after the person has deposited a minimum of $200 in their account.

Other perks that come with creating a savings account with Go2Bank include:

4.50% APY if you save at least $5,000. This will be paid every quarter.
Up to 7% in cash back when you shop at any of the 100+ partner stores of Go2Bank.
Deposit cash to your app or card at over 90,000 nearby retailers across the U.S.

No monthly fees
Cashback rewards for shopping
High APY on your savings.

The $50 is claimed through referrals only.
You must save at least $5,000 to benefit from the 4.50% APY.

3. Current

Current also rewards new members with a $50 sign-up bonus. To receive your $50 sign-up offer, all you have to do is sign up using the referral code WELCOME50.

After that, complete a direct deposit of at least $200 within the next 45 days. But this money or direct deposit must be from your payroll provider, employer, or government benefits.

The cool thing is that once the deposit is complete, Current will send the $50 bonus to you within 10 days.

Other benefits you can enjoy on Current include:

4.0% APY on your savings
Cashback rewards on eligible debit card purchases.

High APY on your savings
Lower initial deposit
Cashback rewards for shopping
No monthly fees

To qualify for the bonus, the initial deposit must come from your employer, payroll provider, or government benefits.
Current has no physical branches.

4. Rakuten

Rakuten is a cashback app that has been around since 1999. It started as Ebates. You can use Rakuten for shopping online and earn up to 40% in cashback rewards.

Already, Rakuten has partnered with 3,500+ stores where you can shop, including Walmart, Target, PetSmart, Old Navy, Lowe’s, Wayfair, and Nordstrom.

You win a $30 sign-up when you join Rakuten, but this is cashable after you’ve spent at least $30 on the site. Furthermore, you receive $30 for each person you refer to Rakuten.

If you like shopping online, Rakuten is the best cashback extension. You can add Rakuten to your Chrome browser to snag rewards anytime you shop online.

3,500 retailers to shop at for cashback
You get up to 40% in cashback rewards
It’s available almost worldwide

You must spend $30 to claim the signup bonus
Payout takes longer
The minimum payout threshold is $5.

5. Acorns

If you’re a beginner in investing, my recommendation is to start with Acorns.

Acorns is a robo advisor that makes investing easy and cheap since the app rounds up your spare change and invests it on your behalf.

So for instance, if you buy ice cream at $5.50, Acorns will round it up to $6 and invest the $0.50 spare change.

Acorns sign-up bonus is $10, and you can earn more by referring others to the app. The app has 3 subscription plans: $3 per month, $5 per month, and $9 per month.

No minimum deposit is required to join
You invest your spare change automatically
Affordable subscription plans.

Limited investment options
Investment fees
Not available worldwide (United States only)

6. Fundrise

Fundrise gives you a free sign-up bonus of $10 when you create an account, after that you can grow your wealth through passive income.

If you want to dive into real estate investment without the complexity of professional-level investments, starting with Fundrise is a great option, and you can begin with as little as $10.

Fundrise is a real estate crowdfunding investment app that allows you to invest in rental properties – including single-family rentals, multifamily apartments, and industrial properties in the United States market.

With Fundrise, you can expect about 8 to 9% annual returns on your investment. However, Fundrise charges a 1% management fees.

Real estate stands out as a stable investment, making it a wise move to begin your investment journey with Fundrise.

Just $10 to start investing
Passive income source
Good returns on your investment.

Investment earnings are taxed
Annual maintenance fees
It’s difficult to liquidate your investment.

7. Neighbor

Neighbor is an app that lets you earn passive income by renting out your space. You can join Neighbor as a host to list your storage space.

On Neighbor, you can rent out empty spaces like driveway, basement, warehouse, garage, parking lot, shipping container, and closet.

Depending on what you rent out, you can earn about $100 to $400 a month as a Neighbor host. The app also gives you $50 when you refer a host or renter.

Even though Neighbor doesn’t give any sign-up bonus, I have included it because it’s a perfect side hustle app for earning passive income.

Earn $50 through referrals
Passive income
User-friendly app

Low earning potential
There’s a risk of your property getting damaged by renters
Renters are not reliable

8. Chime

If you refer someone to Chime and they set up a direct deposit of $200 or more within 45 days, you receive $100. You can withdraw this money within 7 days!

Similar to the Current app, the deposit must be from an employer, payroll provider, or government benefits for you to qualify for the $100 reward.

In a nutshell, Chime is an excellent banking app for opening both Checking and Savings accounts, offering advantages such as free debit cards, no monthly fees, and fast payment processing.

Chime also provides a high-yield savings account with a 2.00% APY, although this rate is lower compared to other banking apps like SoFi, Current, Go2Bank, and CIT Bank.

$100 for each person you refer
Several benefits available for members
Easy and quick payment process.

Chime’s APY of 2.00% is comparatively lower than other banking apps.
Limited features
Deposit must come from an employer, payroll provider, or government benefit only.

9. Coinbase

Coinbase is a popular app for investing in cryptocurrency. This crypto-investing app has been around since 2012. When you sign up, depending on your location, you receive up to $200 as a sign-up bonus.

That’s not all, you can also amplify your earnings through Coinbase’s referral program where you make $10 for each person you refer.

With Coinbase, you will be able to invest in all types of crypto including Bitcoin, Ethereum, Dogecoin, and Chainlink.

Cryptocurrency is not a stable form of investment because Bitcoin alone had a volatility rate of 81% in 2021, according to Skrill. However, numerous individuals have experienced significant wealth growth through such investments.

If you’re open to exploring this opportunity, trying it out on platforms like Coinbase could be worth considering.

Up to $200 in signup bonus
Invest in a wide range of assets
Easy-to-use app

High transaction fees
The crypto market is unpredictable
Customer support is not the best

10. Upgrade

Upgrade is the last on the list you can use to get a $50 sign-up bonus offer. With Upgrade, you win a $200 signup bonus when you open a Reward Checking Plus account.

To claim your $200, you have to sign up and get approved for an Upgrade card such as the Triple Cash Card.

Afterward, you must open a Reward Checking Plus account and complete 3 debit card transactions within 60 days.

The cool thing with Upgrade is that you get several perks after creating your Checking account, such as:

Free monthly fees
Cashback of 2% whenever you shop
Up to 5.07% APY on your savings.

Up to $200 in sign-up bonus
No monthly fees
High APY on your savings
Cashback on your purchases
User-friendly app

Limited features
You must meet a certain requirement to claim a signup bonus
Limited customer support
Interest rate fluctuates

Final Words

Now that you’ve got the lowdown on the best $50 signup bonus offers up for grabs, let me walk you through how I curated this list. I took into account various factors like:

The signup bonus amount
Requirements to claim the bonus
Time it takes to cash out your reward
Ease of joining
The app’s popularity.

After comparing several apps that pay you for installation, these factors led me to the final selection. Moreover, these apps are legitimate, so there’s no need to worry about falling for scams.

In all, I hope that these apps put some extra money in your pocket. Cheers!

Manuelo

Manuelo is an entrepreneur and a personal finance nerd. He is the founder of Dollars And Freedom. An expert in side hustles, online gigs, and everything about making money. His works have been featured on major financial publications, such as Business Insider, GoBankingRates, Investopedia, Entrepreneur, and more. When he’s not busy with his blog or writing for others, you’ll catch him hanging out with loved ones or reading books on stoicism and self-development.

10 Best $50 Sign-Up Bonus Offers For Instant Money in 2024