Discover Bank Online Deposit Account $25 Referral Bonus for Both Parties through December 15, 2011

Discover Bank is offering $25 referral bonuses for both parties when a current customer refers a new customer to open a Discover Bank online deposit account by December 15, 2011.

Update: There is a new Discover Bank $25 Bonus available at this time.

New customers can get a $25 Discover Bank new account bonus when you open your Discover Bank online deposit account through a current customer’s referral link.

You’ll earn a $25 bonus when you open a Discover Bank Online Savings Account, Money Market Account, or Certificate of Deposit, and maintain the minimum initial deposit balance for at least 60 days.

Current Discover Bank customers can also earn $25 for each friend that you refer who opens a qualifying account, although it’s important to note that this referral bonus is available to current customers by invitation only, so not all current Discover Bank customers will be able to earn referral bonuses.

How To Earn a $25 Bonus When You Open a New Account

If you do not currently have a Discover Bank account, you can use the following referral link that is from a current customer in order to earn your $25 new account bonus.

1. Visit this $25 Discover Bank Referral Link.

2. Click on the “Start Saving Now” or “Open an Account” button.

3. Select “Get Started” if you are a new Discover customer.

4. Select your account type and initial deposit amount.

5. You should see that the “Refer-a-Friend” option is selected from the “How did you hear about us” dropdown menu, and you should already see the following codes entered:

Referral Code: 0000877426
Offer Code: RAF911E1

6. Click the “Apply Offer Codes” button, and you should receive a confirmation notice if everything is set for the promotion.

7. Then complete the rest of the information and submit your application accordingly.

If you have any comments or questions regarding the offer, you may call Discover Bank at 1-800-975-0168.

You’ll receive a $25 bonus for opening a new account, plus each friend that you refer who opens an account and qualifies for the special bonus offer will receive $25.

Check out this $25 Discover Bank Referral Sign-Up Bonus to open your Discover Bank account today.

Discover Bank Referral Program Promotional Details

The Discover Bank referral program is available to current customers by invitation only, so you must have received an invitation as a current customer in order to earn referral bonuses for referring new customers.

As a Discover Bank customer, you can receive $25 if friends that you refer to Discover meet the following requirements:

1. They must be new Discover Bank deposit account customers.

2. Before 12/15/2011, they must open an account online and fund an eligible Discover Bank deposit account with an amount equal to or greater than the minimum initial deposit amount.

3. They must provide a valid offer and referral code at the time of the deposit account application.

4. For at least 60 consecutive days beginning on the date of account funding, they must maintain their deposit account in good standing with a deposit balance of no less than the minimum initial balance.

5. They must keep the account open and in good standing for 8 weeks from the date that the terms of the offer are satisfied.

Any friend that you refer who satisfies the requirements listed above will also receive a $25 bonus.

In order for you to qualify for the Refer-a-Friend bonus offer, your Discover Bank deposit account must be open and in good standing at the time of the bonus offer posting, approximately 8 weeks after your friend satisfies the terms of the offer.

You can refer as many friends as you like, but there is a maximum of 20 Refer-a-Friend Bonuses that will be made to 1 customer per calendar year.

The bonus offer will be applied as a credit to your account and to your friend’s Discover deposit account within 8 weeks from the date that your friend satisfies the terms of the offer.

The bonus offer amount will be reported as interest income for the account holder on form 1099-INT.

Discover Bank Minimum Initial Deposit Requirements

The minimum initial deposit for Discover Money Market Accounts and Discover CD accounts is $2,500.

The minimum initial deposit for Discover Online Savings Accounts is $500.

IRA CDs are not eligible for this offer.

Employees of Discover Financial Services are not eligible to participate.

Take advantage of this Discover Bank referral program to get $25 bonuses for both parties when a current customer refers a new customer to open a Discover Bank online deposit account.

Check out the Discover Credit Card Referral Program as well to earn bonus cash with Discover card referrals.

Open your new Discover Bank account or refer your friends to open Discover Bank online accounts to earn $25 referral bonuses.

Comments

  1. Ira Hiberman says

    This listing is a scam. The referral code listed belongs to someone who will reap $25 for each of us who are foolish enough to apply for the Discover Account. This should not be a forum for someone to make money off the readers of this site. Shame, Shame!

  2. says

    Hello Ira,

    I’m sorry if you feel like this listing is a scam, as it is definitely not our intention to scam anyone.

    The Discover Bank referral program requires that new customers sign up through a current customer’s referral in order for both customers to receive the cash bonus.

    In order for us to provide readers with the opportunity to earn a $25 bonus when opening a new account, we must provide a current customer’s referral link and referral information.

    Otherwise, new customers who do not know a current customer would not have access to the referral bonus.

    We often use some of our long-time reader’s referral information for this purpose, so this does not necessarily mean that we are profiting directly from these types of referral programs, although we do use our own referral links as well whenever necessary.

    Plus, we provide information on earning your own referral bonuses in our article, so if you already have a Discover Bank account, you can share this offer with your friends and earn your own bonuses.

    You are also welcome to post your contact information in the comments section here, so that other potential new customers may contact you to request a referral, and this way, readers can exchange referrals without having to use our in-house referral link.

    You can even feel free to submit any other referral programs that you have access to and that we don’t currently have listed otherwise, and we will be more than happy to promote your referral link in a new article, so that all of our readers can benefit.

    Anyways, we definitely are not trying to scam you or fool you into opening an account, so I am sorry if we gave that impression.

    Thank you for commenting and good luck to you.

  3. Mike Williams says

    It seems to me that the issue here is disclosure. There needs to be a clear statement that indicates that the provided referral code is for someone not having a relationship with the bank who wishes to take advantage of the promotion. This would prevent someone who has a relationship with the bank concluding that they could use this information to generate their own referral. By the way, this promotional referral was by bank invitation only and this should be stated as well. In summary, while the intent may have not been to scam anyone, a little bit of disclosure goes a long way!

  4. says

    Hello Mike,

    I definitely agree that we could have been more clear about certain details in our article for disclosure purposes and to avoid any confusion in general.

    We’ve updated the article to clarify the purpose of the referral links and to indicate that the referral program is available to current customers by invitation only.

    Hopefully, this will help avoid any further confusion.

    Thank you very much for commenting and providing your feedback.

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