Circle is a financial service that lets you send and receive money for free, anywhere in the world.
New Circle users can get a $5 Circle Sign-Up Bonus when you join via this Circle referral link and send at least $25 from your debit card within 2 weeks of joining.
Updated 4/23/2018: The referral links in this article currently offer a $5 bonus when you sign up and send $25 within 2 weeks of account opening. You may be able to find $10 referral links provided by readers in the comments below this article.
Please note that you will need to connect a debit card to use Circle Pay, so you may wish to consider applying for a Chase Personal Checking Account ($300 Bonus) with a free debit card or a NetSpend Prepaid Card ($20 Bonus).
In order to qualify for the $5 or $10 bonus, you must create a free account with a linked debit card and send money for the first time ($25 minimum).
Plus, you can participate in the Circle Refer-A-Friend Program (if you are a targeted Circle user) to earn a $5 or $10 bonus for each new user that you refer for up to $500 or $1,000 (depending on which offer you are targeted for).
Circle makes it easy to share money with anyone, anywhere, across devices and platforms, and it’s free to open your account and earn a $5 or $10 bonus to get started.
Circle Pay $5 or $10 Bonus for New Users
In order to get the $5 or $10 bonus, you must sign up for your new Circle account via this Circle $5 Referral Link from a current user who is targeted for this promotion (see below comments for potential $10 bonus referral links from readers).
You’ll earn the $5 or $10 bonus when you create your Circle account via the referral link, link your debit card in seconds, and send at least $25 for the first time within 2 weeks of joining.
If you sign up via the $5 referral links within this article and you need help completing your first $25 transfer, you can feel free to email me at MaximizingMoney@gmail.com, and I will help you complete your first transfer and ensure that the $25 is sent back to you, so that you can qualify for the $5 bonus easily (please note that I’ll only do this for readers who sign up via the $5 referral links within this article).
It’s extremely important to note that while all Circle users have access to the Circle referral program to share Circle with your friends, only select Circle users actually have access to exchange the $5 or $10 bonuses between users.
Within your Circle account, you may see the referral program available, but if you do not see any details about the $5 or $10 bonuses specifically, then you do not have access to exchange bonuses.
If you don’t want to try it at this time, then you may also be interested in the Square Cash App $5 Bonus, which is a similar service for sending and receiving money.
Circle Pay Refer A Friend Program – Targeted Users Only
Circle’s referral program will provide both users with a $5 or $10 bonus when a new user signs up via a qualified Circle user’s referral link.
- Only people who don’t have Circle yet can be invited.
- To get the referral bonus, the new user (referee) has 2 weeks from the invitation date to sign up using a valid debit card or bank account and send at least $25 (£25 in the UK) from that linked account.
- You’ll be paid in your default account currency (U.S. dollars, Sterling pounds, or Bitcoin).
- There’s a $500 or $1,000 referral limit (£500 or £1,000 in the UK).
- When the promotion ends, Circle will honor any pending referrals completed within 2 weeks.
- If Circle thinks you are being shady and violating any of these terms, no bonus for you.
While all Circle users can refer new users for fun, only targeted Circle users can give and earn $5 or $10 bonuses by exchanging referrals.
It will let you know in the Circle Pay app if earning money for referrals is possible for you (just visit the “Invite Friends” section under the menu to see if anything about the $5 or $10 bonuses is displayed).
Usually, Circle gives users access to the $5 or $10 referral program after you send money for the first time, or you can otherwise contact them to request access, although you should still send money to someone first in order to expedite the process and gain access to earning referral bonuses.
When a current Circle Pay app user who is targeted for this offer sends a referral link to a new Circle user, who creates an account, links a debit card, and sends at least $25 in money for the first time, you will both receive a $5 or $10 bonus.
Current Circle users can refer up to 100 new users for a total of $500 or $1,000 in referral rewards.
Please feel free to exchange Circle Pay referrals in the comments below this article if you are a targeted user for this promotion.
You can access the Circle referral program under “Invite Friends” in the Circle Pay app menu (not available via website).
It’s important to note once again that this $5 or $10 bonus via the referral program is only available through targeted Circle users.
About Circle Money Transfer Service
Circle allows you to send, receive, and hold U.S. dollars, or make payments and global money transfers using digital currency like Bitcoin (Euro and Pound will be added in the future).
- Pick a friend and hit send. It’s that easy.
- Pay friends, split bills, and collect money instantly.
- Use your debit card to add money and to cash out with zero fees.
- Strong security keeps your money protected at all times.
- Send and receive payments globally to anyone with a mobile phone.
Who Can Use Circle?
Residents of all states (excluding Illinois and Wyoming) are eligible to hold U.S. dollars with Circle, and residents of all states can hold Bitcoin balances.
You can sign up for a free Circle account with nothing more than your name, email address, and phone number.
Circle is Free to Use
Circle accounts are free to use for customers.
This includes automatic insurance of your balance, debit card transactions, and transfers from linked bank accounts to Circle accounts.
There is a 2.9% charge to cover any credit card transaction fees, but no fees apply to debit card or bank account transfers.
Sending Money with Circle
You can send money to your phone contacts, to any email address, between NFC or Bluetooth enabled smartphones, through the Bitcoin network, and to another Circle user’s QR code.
You’ll want to link a debit card, credit card, or bank account to your Circle account to add money and cash out.
Cashing Out with Circle
After cashing out from Circle, your money will arrive back to your card in 1 to 4 business days.
Circle services are free, but they charge 2.9% to cover any credit card transaction fees.
No fees are applied when cashing out to a debit card or a bank account.
Transfer Limits for Circle
Once you sign up for your Circle account, you have an initial weekly limit of $300 for adding money, cashing out, and sending money.
These limits reset on a rolling 7-day period.
By sharing a few more details about yourself, you can request an increase to $3,000.
Currency Conversion with Circle
You can convert your account between Circle supported currencies as often as you would like, without any fees.
That means you can hold your Circle account balance in U.S. dollars or Bitcoin, depending on the price fluctuations of Bitcoin.
No matter what currency you are holding, you can always pay and receive dollars and Bitcoin.
FDIC-Insured Funds with Circle
U.S. dollar account balances are FDIC-insured for up to $250,000 against loss or theft through Circle’s banking partners.
Circle also provides full insurance coverage for Bitcoin balances, including online and offline (cold storage), through Marsh, a global scale provider.
Download Circle App or Website Service
Alternatively, you can visit Circle.com (non-referral link) to create an account online.
You can also participate in this Coinbase Referral Program to get free Bitcoin with a new account.
Please note that I found this offer posted by bluemoose128 on Reddit Beermoney, where he indicates that both parties of the referral exchange will receive the bonus.
Give Circle Pay a try to send and receive money for free, plus get a $5 or $10 sign-up bonus and $5 or $10 referral bonuses for sharing Circle with your friends.