[Expired] Swagbucks/MP: Get $120-$135 For Opening Wysh Financial Savings Account [Direct Deposit Not Required]

July 30, 2024

188 Comments

by Chuck

Update: now requires a $1,000 deposit instead of $100.

Contents

1 The Offer
2 The Fine Print
3 Our Verdict

The Offer

Swagbucks | MyPoints

Swagbucks is offering 12,000 ($120) when you sign up for Wysh, deposit $1,000 and remain a customer for 30 days.
MyPoints has a similar offer for 20,400 points which is worth around $128-$135.

Wysh Savings+ is an account which combines the power of a high-yield savings account with free micro life insurance protection. There’s no medical underwriting, no additional fees, and no lock-ins. You can read more in this press release.

The Fine Print

Must be a new user to earn.
Must remain a Wysh customer for at least 30 days to earn 12,000 SB
Award will pend for 32 days

Our Verdict

We posted about Wysh last year when the offer was $100-$112, now it’s up to $120-$135. (Technically, it sounds like you can even pull the $1,000 out immediately, so long as you remain a Wysh customer for 30 days.)

This is an easy-ish bonus that’s easy enough to do. I imagine some people will find this deal worthwhile. (You won’t get a 1099 from the bank; there is a chance of getting a 1099 from Swagbucks, see this post to learn more. Regardless, legally you’d have to self-report the income.)

Reports are that the points go pending within a couple of hours. Reports are that there is no Chex inquiry.The account earns 4% APY which isn’t bad, should you decide to leave funds in the account.

Hat tip to snailrock

If you’re new to Swagbucks, pleaseread our review.You can alsoget a bonus of up to $13 by using a referral link.

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188 Comments

newest

oldest most voted

Ig(@guest_1885964)

August 1, 2024 10:55

#1885964

I signed up from MyPoints when it was listed as $100 deposit but account linking wasn’t working for me until yesterday. Has anyone in a similar situation deposited $100 and have it go pending?

Thomas Batanglo(@guest_1885561)

July 31, 2024 20:13

#1885561

Not available

Mr. Seg(@guest_1885456)

July 31, 2024 17:24

#1885456

Gone

GT5000(@guest_1885454)

July 31, 2024 17:23

#1885454

Links to SB and MP no longer seem to be working

k.o(@guest_1885420)

July 31, 2024 16:44

#1885420

did the offer just expire?

Mitchell(@guest_1885411)

July 31, 2024 16:36

#1885411

Opened account and funded $1,004

In ~2 hours, MyPoints showed up 20,400 to be credited in 45 days.

I am new to MyPoints and still have not redeemed my Chime bonus so was wondering would I get flagged doing 4 straight transactions of redemptions for MasterCard gift cards in a row or should I space them out? I just don’t want those points to overlap with this Wysh promo. Any advice would be appreciated.

Angel(@guest_1885342)

July 31, 2024 14:03

#1885342

P1 and P2 both signed up through Swagbucksyesterday, linked the account with Plaid during the application process and selected to fund $1000 from the external account. Points showed pending for both after roughly 1.5 hour. Credit pending 32 days.

John(@guest_1885365)

July 31, 2024 15:00

#1885365

Angel

Did they give your account and routing #s?

John B.(@guest_1885546)

July 31, 2024 19:54

#1885546

John

There is no outward facing account number, nor are externally initiated EFTs/ACH’s supported.

John(@guest_1885335)

July 31, 2024 13:59

#1885335

Do they give you your account # and routing # right away?

John B.(@guest_1885545)

July 31, 2024 19:53

#1885545

John

No. It uses Q2 as a BaaS platform, which means that your funds are pooled into an omnibus account, potentially arbitraged by the underlying partner banks into riskier banks (Pacific) of the sort involved in last year’s bank runs (they’re collecting 5.4-5.9% in institutional-grade money markets, while paying you 4% as long as they can sustain it). Contrary to the representations made in such products, it’s far from decided whether FDIC insurance would even extend to the indirect end user. And the crediting of interest is potentially the obligation of Wysh, rather than the underlying custodial bank or omnibus-affiliated bank. I think these types of products are reflective of a lurking liquidity crisis, and of late-to-the-occasion fintechs running out of ideas for revenue streams.

Mitchell(@guest_1885567)

July 31, 2024 20:25

#1885567

John B.

This worries me. Can we pull before the 30 days.

John B.(@guest_1885658)

July 31, 2024 22:43

#1885658

Mitchell

They are very sensitive regarding funds movement, even for deposits. You in theory could attempt withdrawals within about 6 or so business days of when the incoming transfers were first initiated, but it would be a bad move. BBB, CFOB and Trustpilot contain a number of stories of account freezes on just this very topic that lasted for weeks without response.

John B.(@guest_1885659)

July 31, 2024 22:44

#1885659

John B.

Probably space it out 30 to 45 days after depositing, in moderately sized withdrawals.

Kyle(@guest_1885270)

July 31, 2024 12:26

#1885270

Just a heads up, It won’t let you link any banks manually and you must use Plaid.

Currently most of my fund are in Fidelity which is not supported with Plaid. Very annoying, but hopefully I can make the deposit tomorrow after I move some funds and still get credit.

I will update if I get pending.

David(@guest_1885256)

July 31, 2024 11:56

#1885256

Has anybody added $900 after only depositing $100? Let us know if it worked and went pending.

Phoenix Wright(@guest_1885306)

July 31, 2024 13:09

#1885306

David

That’s exactly what I did and it went to pending after the end of the day.

Did $101 dollars initially
Did $900 dollars ten minutes later.

Carl J(@guest_1885387)

July 31, 2024 15:35

#1885387

Phoenix Wright

How are you defining pending? As in a yellow tick next to the shop in the visited section or actually showing in the pending activity section? I have the former for me at the moment.

Every Sperm is Sacred(@guest_1885397)

July 31, 2024 16:01

#1885397

Carl J

I am same situation as you (gold coin in visited but no points pending in the pending activity section). I tried adding on another $1001 this morning but still nothing. Starting to regret trying this one out although I am confident I’ll get the points eventually via a ticket (since I took lots of screenshots).

David(@guest_1885509)

July 31, 2024 18:52

#1885509

Every Sperm is Sacred

Let us know what happens thanks.

Every Sperm is Sacred(@guest_1885600)

July 31, 2024 21:16

#1885600

David

nothing yet….still not pending in activity.

[Expired] Swagbucks/MP: Get $120-$135 For Opening Wysh Financial Savings Account [Direct Deposit Not Required] - Doctor Of Credit (2024)

The Offer

The Fine Print

Our Verdict

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References