This was posted 1 year 4 months 11 days ago, and might be an out-dated deal.

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Referrer Gets $50, Referee Gets $100 (after Referee Deposits $100) @ Squirrel (New Members)

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Referrer Gets $50, Referee Gets $100 (after Referee Deposits $100) @ Squirrel (New Members)
Go to Deal
IslandStyles on 11/08/2023 - 11:07 squirrel.co.nz (454 clicks)
Last edited 12/08/2023 - 09:35 by 2 other users

Squirrel emailed me running a new referral deal, new accounts will get $100 in their Squirrel account (after they deposit $100), and referrer will get $50.

  1. Send your unique code to as many friends and family as you like.
  2. The first 10 people that sign up putting your unique code into the ‘special code’ box during the registration process and deposit $100 to their Squirrel On-Call Account will
    receive a bonus $100 in their Squirrel account.
  3. You’ll receive $50 into your Squirrel on-call account for the first 10 friends that make a deposit using your code, after they sign up and make their deposit.

If you are unfamiliar with Squirrel, they are a P2P lender, and you can invest in home loans, construction loans and personal loans with 7 - 8%pa return currently, they also pay 5.25% for any cash sitting with them not in a loan. They have a reserve fund, so if a loan defaults they will attempt to cover it, this isn't guaranteed as the fund could run out, but as of currently they have never run out.

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closed Comments

  • Moderatorneil on 11/08/2023 - 12:43

    Use the referral system. Not the comments.

  • apieceofpie on 11/08/2023 - 11:19
    +3

    Anything preventing immediate withdrawal of the $200 as far as you're aware @IslandStyles ?
    Website says no withdrawal fees etc.

    • IslandStyles on 11/08/2023 - 11:28
      +2

      doesn't say anything about it, just says might take about 1 week to get the bonus added to your squirrel account. Like any investment platform there is some normal AML processes like providing ID and such on sign up, took like a week for my account to get approved when I set it up earlier this year, but I didn't fill out all my details right away.
      No fees, they make their money from the margin on their loans

      T&Cs
      https://www.squirrel.co.nz/media/4311/friend-get-friend-offe…

  • KevlarCoated on 11/08/2023 - 11:32
    +1

    "Past performance doesnt predict future performance"
    People should be aware that even though these investments have historically been pretty safe are still a much higher risk than a term deposit at a bank. People who are taking these loans are taking them because banks wont loan to them for some reason. Of course if you can get a bunch of free money through referrals then that makes the risk more tolerable

    • Senior Mouse on 11/08/2023 - 13:00

      "Past performance doesn't predict future performance"
      So inductive knowledge is false?

    • fried on 12/08/2023 - 13:47

      You can just keep funds in their On Call Account without doing an investment order, at the moment the interest rates for that are higher than a lot of TD but you aren't locked into anything

      • kfr23 on 12/08/2023 - 15:14

        What happens if Squirrel goes under? The money is with BNZ, but how would you get it back from them without Squirrel?

      • Santiagoezeq on 13/08/2023 - 21:01

        Fried if you have one left message, I am interested in opening one account

  • Hungryhippo on 11/08/2023 - 11:52
    +1

    why dont you ask your family to do it? (thats what I would do.)

  • genesis on 11/08/2023 - 13:16
    +1

    Where does one find their referral code / link? I can't find it on the app or website when logged in lol

    • IslandStyles on 11/08/2023 - 13:24

      My guess is because they don't run any referral program as default you wont find one, I had a quick look and couldn't see it. They emailed me my referral code to use along with "This offer has not been sent to everyone and it won’t be around for ever."

      • genesis on 11/08/2023 - 13:25
        +2

        I guess this is a targeted deal then, looked everywhere and couldn't find any referral code or link.

      • Peter Wyngarde on 11/08/2023 - 15:14

        This offer is valid until 30/09/2023 unless otherwise notified.

  • Kes on 11/08/2023 - 14:20
    +1

    I'm a Squirrel customer and have not received anything from them. Must be some sort of targeted campaign. I've had an account and invested with them for a little while now and they have done a great job so far. Great interest rates.

  • IslandStyles on 11/08/2023 - 15:19

    I have sent out 10 codes, so I would suggest messaging one of the others listed under the referral and asking how many they have sent, it appears to be limited to 10 per referrer.

  • ace310 on 12/08/2023 - 17:01
    +2

    Well sent referral request to 4 people, but no reply back.

    • kfr23 on 12/08/2023 - 17:04
      +1

      I keep getting the same person each time, no reply back either.

    • kiwical on 13/08/2023 - 21:10

      It's a shame we can't see if the person at the other end has seen the message. Are we allowed to say on here who isn't replying? I've asked 4 times. Got the same person for 3 of them (Starting with c) and one person starting with J

  • ace310 on 12/08/2023 - 23:55
    +3

    Looks like other than op no one else can obtain this deal.

    • Aba22 on 13/08/2023 - 09:51

      Yup. Not much point if no one can obtain a code.

    • IslandStyles on 13/08/2023 - 17:24
      +1

      maybe lol. 7 other people added themselves to the referral system… which is odd

  • IvInoh on 13/08/2023 - 19:28

    PM me if someone got a code… "The system" isn't working unfortunately.

    • ace310 on 13/08/2023 - 19:55

      PM me as well.

      • kfr23 on 13/08/2023 - 20:50

        Same for me, but I don't think anyone has any.

  • xwing on 14/08/2023 - 17:12

    Signed up and deposited on the 11th.
    Just go an email today saying my deposit has been processed and when I logged in the $100 referral bonus has also been credited to my account.

    • philyy on 14/08/2023 - 17:46

      Same here, in my case, I received two deposit confirmation emails. The first one was for my own $100 deposit after I signed up on the 11th, then I received another one today for the $100 referral bonus deposit.

      • apieceofpie on 15/08/2023 - 13:33

        Same here. ~Three days between first deposit showing and the second.

        • kfr23 on 15/08/2023 - 14:41
          +1

          How did you get a referral code?

          • apieceofpie on 15/08/2023 - 15:48

            @kfr23: I messaged Islandstyles when they made the post, I think they've run out. Possibly they were the only person with codes to begin with.

    • enfield on 14/08/2023 - 17:57
      +1

      What referral codes did you use? Are you able to send one

  • IslandStyles on 05/09/2023 - 22:20

    I've had 12 people use my code successfully, so the 10 person limit doesn't seem to apply. I have added my referral code back into the referral system if anyone wants to give it a try, they may fix it but so far looks like it might still work.

    • hasole on 11/09/2023 - 20:40

      Pmd

    • Aba22 on 16/09/2023 - 11:20

      Deposited and waited a week and nothing yet. Probably doesn't work anymore.

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