Refer a Friend

The referred member simply needs to open a new checking account and enroll a new Digital Services account. During their first login, they’ll be asked to enter your referral code. After that, they just need to complete one of the following activities within 60 days of opening their new account:

Set up and receive direct deposits totaling $500 or more  -or-  Make 5 debit card transactions of any amount

Once all qualifying activity is complete, they simply log back into Digital Services within the 60 days to initiate the $100 bonus!

Frequently Asked Questions:

• How many people can I refer?
  

  There’s no limit to how many people you can refer! Each time a referred individual completes the qualifying activity, both of you will receive $100, provided you have an open checking account. Please note: Both the Referring Member and Referred Member are responsible for any applicable taxes.

• How do I refer a friend?
  

  Members can refer their friends and family easily from Digital Services. Share your unique referral code via email, social, text and more with a few simple clicks!

• When will I receive the $100 bonus for referring someone?
  

  The referral bonus for referring members is dependent on the individual you are referring meeting the qualifying activity. Once they have met the criteria within 60 days, you will receive your funds via your checking account.

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Official Rules – Refer-A-Friend

Referring Member AND Referred Member
Account requirements must be met. Consumer checking accounts only. Health Savings Accounts (HSA) and business members do not qualify for a referring or new referral bonus. Account must be in good standing to receive either bonus; “good standing” is defined as having no negative balances on any share account or loan throughout the month. Referring Member and Referred Member are liable for all related taxes. Bonus funds may be forfeited if a Referred Member’s account is closed within six months of its opening.

Referring Member
To receive a bonus, the referring Member must have an open consumer checking share. The Referring Member may not refer themselves as the Referred Member.

Magnifi Financial employees may participate as the Referring Member. Referrals can only be made to individuals with whom they have an existing personal relationship unrelated to their employment at Magnifi Financial, prior to the referral. Employees can refer to internal documents for full details.

Referred (New) Member
The referred or new member must open a qualifying checking account and membership share. Within 60 days of opening the account, the following activities must be completed to receive your bonus: 1. Enroll a new Digital Services account and enter referral code. 2. Set up and receive direct deposits totaling $500 or more -or- Make 5 debit card transactions of any amount. 3. Once all qualifying activity is complete, log back into Digital Services within the 60-day period to initiate the $100 bonus.

The 5 qualifying debit card transactions do not include ATM transactions. The qualifying direct deposits totaling $500.00+ do not include transactions from money transfer applications and person-to-person transfer applications.

Program Suspension; Disqualifying Entries:
Magnifi Financial reserves the right to, in its sole discretion, disqualify any entrant who has tampered with the operation of the Refer-A-Friend program or is acting in violation of these Official Rules. Magnifi Financial reserves the right to seek damages, including attorney’s fees, and all other available lawful remedies against any party or person who, using any manner or method, tampers with or attempts to tamper with, damage, or destroy the operation or administration of the Refer-A-Friend program.
Magnifi Financial reserves the right to terminate the program at any time without notice. This credit union is federally insured by NCUA.