Mylo rounds up your everyday purchases on your credit or debit cards and automatically invests the spare change, so that you can achieve your financial goals.
Anyone in Canada can click this $5 Mylo Referral Bonus Link while on your phone to earn a $5 bonus when you download the app, connect a bank account, verify your identity, and complete 1 transfer of roundups or boosts.
Mylo is available to Canadian residents for a $1 per month membership fee.
Get $5 Sign-Up Bonus from Mylo App
1. While on your phone, click this $5 Mylo Referral Link and download the app for iOS or Android.
2. Connect your bank account to your Mylo account.
3. Pass the identity verification process.
4. Have at least 1 successful transfer of roundups or boosts.
5. After you complete the above 4 actions, you will receive an email confirmation and the $5 bonus deposit.
Join Mylo to Invest Your Spare Change
Anyone in Canada can join Mylo to create an account and invest your spare change.
Mylo rounds up purchases and makes weekly transfers to your secure Mylo account, so that you can save effortlessly.
When you sign up for Mylo, you can participate in their referral program and earn $5 per friend for referring new users to join Mylo.
How Mylo Works
Mylo is an automated service that lets you easily start investing your spare change.
You simply link your existing credit and debit cards to Mylo and then make your purchases like normal.
Mylo will round up your credit card and debit card purchases to the nearest dollar and automatically transfer the difference to your Mylo account.
Mylo will then invest your spare change into a personally tailored diversified portfolio of Exchange Traded Funds (ETFs) to help you achieve your financial goals.
As you make your day-to-day transactions, Mylo also provides valuable insights on where you spend your money and offers solutions to find you greater savings.
Mylo offers bank-level security, and every account is insured up to $1,000,000 by the CIPF.
Mylo costs $1 a month, and Mylo Advantage costs $3 a month.
The price is always the same, regardless of how much you invest in Mylo.
Mylo invests in exchange-traded funds (ETFs), which typically charge a Management Expense Ratio (MER) that ranges from 0.05% to 0.37% for regular portfolios and 0.20% to 0.60% for SRI portfolios.
These MERs are among the lowest in the industry, and Mylo does not make any money from MERs.
Mylo Referral Program $5 Bonuses
When you sign up for Mylo, you can participate in their referral program to give your friends a $5 bonus and earn a $5 bonus for each new user that you refer.
Mylo will deposit an extra $5 bonus per friend that you refer into your Mylo account.
Your friends will also receive a $5 bonus when they successfully fund their new Mylo account.
To qualify for the $5 referral bonus, your referred friend must use your referral link to download the app on their phone, connect their bank to their Mylo account, pass Mylo’s identity verification process, and have at least 1 successful transfer of roundups or boosts.
You can share Mylo on your social media channels or by posting your Mylo referral link however you please, including in the comments below this article (please also leave a short review of your Mylo experience).
Check out Mylo to automatically invest your space change roundups to increase your savings and achieve your goals.