Spruce Money Fintech App: $50 Referral Bonus w/ Direct Deposit (H&R Block)

(Update: The previous offer ended 4/15 and the current offer is a $50 bonus with a new expiration date of 5/31/26. I did get my bonus the day after my direct deposit posted and my debit card was activated, so it was indeed simple and easy.)

Spruce is a new fintech app from H&R Block with banking services provided by Pathward NA, member FDIC. They are currently offering a $50 referral bonus if you activate their debit card and complete a qualifying direct deposit of at least $200 within your first 45 days of opening an account. Offer expires 5/31/26. Spruce promises “budgeting tools, automatic saving options, and financial insights that help you be good with money.” Other features:

• No minimum balance. No minimum opening deposit.
• No credit check on application.
• 3.50% APY savings account
• Debit card with “roundup” feature.
• Fee-free ATM withdrawals within the 55,000+ Allpoint ATM network.
• Early Paycheck: Get paid up to two days early with direct deposit.
• Mobile check deposit.
• Early Tax Refund: Get your federal tax refund up to 5 days early.

The application for this one was pretty easy, I didn’t have to do any selfies or ID pictures (your experience may vary). Confirmed no credit check. Debit card is in the mail. Should be simple for those that have payroll websites/apps where you can split and/or switch your direct deposits easily. Thanks if you use my link.

After the Synapse/Yotta/Juno collapse, I no longer recommend maintaining significant balances in a fintech, even if the interest rate is very competitive. However, I still take advantage of some short-term bonuses from crypto and fintechs (that’s where the VC money goes into “aggressive customer acquisition” 🤑).