Spiral – Socially Responsible Banking and Charitable Giving: $50 Welcome Bonus

Spiral combines socially responsible banking and charitable giving, so that you can manage your money with a Checking Account and free debit card, earn up to $135 in cash bonuses each year with a Savings Account, and receive matching charitable donations for up to $150 per year with the world’s first Giving Account.

Plus, Spiral is currently providing 2 separate bonus offers where you can either earn up to $50 when you fund your new checking account and complete 5 debit card purchases, OR earn $200 when you set up a recurring direct deposit (both offers may be stackable).

As long as you are a citizen or legal permanent resident of the U.S.A., you can open a Spiral account with no minimum deposit required and no monthly maintenance fees.

Since Spiral is technically a financial technology company and not a bank, all of their banking services are provided by nbkc bank, Member FDIC.

Spiral $25/$50 Welcome Bonus

Through the Spiral Welcome Bonus, you can earn either a $25 or $50 bonus just for funding your new Spiral checking account and completing 5 debit card purchases.

Just visit this Spiral $50 Welcome Bonus to open an account on their website or download their iOS Spiral App.

To qualify for the $25 checking bonus, you must make a single $100 deposit on or before March 31, 2022 (cumulative deposits totaling $100 will not qualify for the $25 bonus), and complete 5 debit card purchases totaling $100 or more each month for 2 consecutive months within 90 days of opening the account.

To qualify for the $50 checking bonus, you must make a single $200 deposit on or before March 31, 2022, and complete 5 debit card purchases totaling $100 or more each month for 2 consecutive months within 90 days of opening the account.

The $25 and $50 offers are not combined if you make a deposit of $200 or more (cumulative deposits totaling $200 will not qualify for the $25 bonus).

Once you make the qualifying deposit and complete the debit card purchases, the bonus will be credited to your checking account within 30 days from the end of the month in which the qualifications were met.

Spiral $200 Direct Deposit Bonus

According to the Spiral Bonus Offers Page, you can earn a $200 bonus when you open a checking account and set up recurring direct deposits of at least $1,500 and complete 10 successful debit card purchases totaling $500 or more each month for 2 consecutive months within 90 days of opening the account.

Once the qualifications are met, Spiral will credit the bonus to your checking account no later than 30 days from the last day of the second consecutive month in which the recurring direct deposits were received.

It appears that both the $50 Welcome Bonus and the $200 Direct Deposit Bonus may be stackable, and you can also qualify for both of these bonuses if you are an existing Spiral customer already, as long as you meet the eligibility criteria.

Spiral Savings Account $135 Cash Bonus Per Year

With your Spiral Savings Account, you can earn up to $135 in cash bonuses per year when you meet the monthly deposit requirements.

To be eligible for cash bonuses, you must set up a recurring monthly deposit of $1,000 or more to your checking or savings account.

Each month, you can earn the cash bonus shown in the Spiral Cash Bonus Table if the balance in your savings account during the month remains at or above the corresponding minimum balance.

For example, if you maintain a $5,000 minimum balance during the month, you’ll receive a $3.75 cash bonus that month, or if you maintain a $10,000 minimum balance during the month, you’ll receive a $7.50 cash bonus that month.

Spiral will credit all cash bonuses of up to $11.25 per month (up to $135 a year) to your savings account on the first day of the following month ($11.25 per month is based on a $15,000 minimum balance).

Spiral Giving Account $150 Matching Donations Per Year

With the Spiral Giving Account, you can donate to more than 1,000,000 non-profits through Spiral, and they’ll match your donations for up to $150 a year.

A minimum donation of $5 per year is required for matching, and all accounts can receive up to $20 in annual matching donations with no direct deposit required.

To unlock higher donation matching, you must set up a recurring direct deposit or transfer into your checking or savings account.

For example, with a direct deposit or transfer amount of $5,000 or more a month, you will receiving matching donations of up to $110 per year, and with a direct deposit or transfer amount of $8,000 or more a month, you will receive matching donations of up to $150 per year.

The Spiral Matching Donations Chart shows you how everything works.

If you increase your direct deposit of payroll at any time in the year, so that Spiral’s annual match would be higher, Spiral will match at the higher amount.

Spiral Banking and Giving Features

Spiral gives you access to a Checking Account, Savings Account, and Giving Account in one location.

There are no minimum balance requirements, no monthly fees, and no ACH transfer fees.

Along with your Spiral Checking Account, you’ll receive a Spiral Visa Debit Card, with both a physical and virtual card available.

With your Spiral Savings Account, you can set savings goals and track your progress, plus unlock up to $135 per year in cash bonuses.

In addition, you’ll receive a Spiral Giving Account, which helps you donate to your favorite causes and receive a matching donation from Spiral for up to $150 per year.

Spiral $50 Refer-A-Friend Rewards

Through April 30, 2022, you can earn a $50 bonus for each new customer that you refer who opens a Spiral Deposit Account.

For you to qualify for the $50 bonus, your referral must open and fund a new Spiral checking account with $200 or more within 30 days of opening, and both of your accounts must be maintained in good standing for 90 days.

Once the qualifications are met, Spiral will credit your account (the referrer) with a $50 bonus within 30 days following the month in which the referred customer maintained the account for 90 days.

However, the referee will not earn a $50 bonus for participating in the referral program and meeting the referral program terms, although they can still qualify for the other new Spiral account bonuses that are outlined above.

To participate in the Spiral referral program, you can access your unique referral link on the “Referrals” page within your Spiral account.

If you are a Spiral customer, please feel free to share your user experiences and exchange referral links in the below comments.

If you like banking for the socially responsible and are looking for an easy way to donate to your favorite charities, check out Spiral to open an account today.

You may also be interested in this Aspiration Promotion for more ethical banking services.