Money Done Right Personal Finance, Investing, and Tax Blog Tue, 03 Oct 2023 06:49:08 +0000 en-US hourly 1 Money Done Right 32 32 IRS Form 4810: Everything You Need to Know Tue, 03 Oct 2023 06:49:01 +0000 Managing estates can get messy since determining the decedent’s tax situation prior to assuming personal representative responsibilities isn’t always possible.

Late tax returns, failure to make minimum IRA distributions, or incorrectly claiming tax deductions can create substantial tax debts after the decedent’s death.

You can be personally responsible for these tax debts as an estate executor if you don’t file IRS Form 4810 and request a prompt tax assessment.

However, the IRS will still hold you responsible for the estate’s due taxes after you submit this form if the assessment shows that the estate owes taxes and you’ve already distributed its assets.

You must file Form 5495 to request a discharge from personal liability for the estate’s taxes to ensure you won’t have to pay the estate’s due taxes.

Let’s go through everything you need to know about IRS Form 4810 and how it can protect you from paying an estate’s tax debt.

What is IRS Form 4810?

What is IRS Form 4810

IRS Form 4810 allows a personal representative to request a prompt tax assessment to determine if an estate they’re administering owes estate, gift, or income taxes.

However, you can only file this after filing all due tax returns and paying the full tax liability.

The IRS will only consider the request if Form 4810 shows that the estate executor is making the request for a prompt tax assessment under Section 6501(d) and includes copies of all the necessary documents.

Generally, an executor should postpone distributing the estate to heirs and beneficiaries until the IRS completes the tax assessment and determines if the estate owes additional taxes.

The Underlying Concept of Prompt Tax Assessment

The IRS has three years to review all tax returns and assess additional taxes to an estate. But most beneficiaries want to receive their portion of an estate immediately.

This puts an estate executor in a difficult position because they risk being personally liable for any additional tax liabilities if they distribute the estate before paying all due taxes.

Requesting a prompt tax assessment on IRS Form 4810 cuts the tax assessment statute of limitations from three years to 18 months.

Hence, by filing this form, the personal representative can speed up the estate distribution process and ensure they won’t be liable for additional taxes.

Requesting a prompt tax assessment under IRC Section 6501(d) is only possible under the following conditions:

  • All due tax returns are already filed.
  • None of the tax returns were fraudulent or fake.
  • The return preparer didn’t underreport gross income or gift tax by 25% or more of the due amount.

Filling Out IRS Form 4810

Filling Out IRS Form 4810

Estate executors can only submit a request for a prompt tax assessment after filing the tax returns they refer to on IRS From 4810. Moreover, they must attach copies of these returns with a testamentary letter or letter of administration to the form.

The form’s top section collects the requester’s basic information, including their name, title, address, and telephone number.

Once you’re done with this part of the form, the next step is to list all tax returns for which you’re requesting a prompt tax assessment.

You’ll have to provide the information below to complete this portion of the form:

  • Tax form number.
  • The year when the tax period ended
  • SSN or EIN as indicated on the tax return.
  • The decedent’s name and address are indicated on the tax return.
  • The IRS service center where the return was filed.
  • The return’s filing date.

If a decedent had a spouse surviving or deceased, you must also include their name and SSN on the form.

Proceed to check the appropriate box if one of the returns you listed on the form is a corporate income tax return to indicate whether the dissolution is completed, it’s underway, and it will be completed before the 18-month statute of limitations expires or it hasn’t yet started.

The last step is to confirm that the copies of the tax returns listed on Form 4810 and letters of administration or testamentary letters are included with the form.

Remember to write a brief description of any additional documents you attach to this form before signing it.

The Next Steps After Filing Form 4810

The Next Steps After Filing Form 4810

The IRS will inform you if the estate you’re representing owes additional taxes within 18 months of filing Form 4810. Consequently, it would be best if you postponed distributing the estate’s assets and closing the estate until you receive the IRS’s decision.

Filing Form 5495 can further speed up the tax assessment process because the IRS has nine months to notify the estate executor of additional tax liability. Moreover, submitting this form ensures a personal representative is absolved of their responsibility for the estate’s taxes.

Once the estate’s federal taxes are settled, an executor can start dealing with an estate’s state and local tax obligations. Distributing the remaining assets to the beneficiaries is the last step a PR must take before closing the estate.

Frequently Asked Questions

Can an Estate Executor File Form 4810 Before Submitting Form 56? 

Estate executors must file Form 56 to inform the IRS they’re authorized to represent an estate before requesting a prompt tax assessment with Form 4810.

Should I File From 4810 if I Unintentionally Underreported Estate Taxes?

Reporting the estate taxes on IRS Form 706 is one of your responsibilities as an estate’s personal representative. You can file Form 4810 if you underreported estate taxes and want to correct that mistake within 18 months.

Can I E-File IRS Form 4810?

You can submit Form 4810’s digital version through the IRS’s Free File tax software or send its paper version to the same IRS office where you filed the estate’s tax returns. 

How to Request the Decedent’s Previous Tax Returns Before Filing Form 4810?

Submitting Form 4506 Request for Copy of Tax Return can help you assess the estate’s tax situation and determine whether filing Form 4810 is necessary. 

Limiting an Estate Executor’s Responsibility with IRS Form 4810

Becoming an estate representative means that you accept responsibility for all unpaid taxes.

In most cases, the estate’s assets should cover the tax liability. Still, you’ll have to pay the tax debt from your pocket if you distribute the assets before determining if the estate owes additional tax.

Aside from reducing the time the IRS has to assess additional tax liability to an estate, filing IRS Form 4810 can also ensure you won’t receive a notice from the IRS years after closing the estate requesting payment of taxes owed.

Hence, asking the IRS for a prompt tax assessment is a precaution you should feel free to take whenever you’re unfamiliar with the tax situation of an estate you’re representing.

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Firstrade Referral Bonus October 2023 Sun, 01 Oct 2023 12:38:00 +0000 Firstrade is an online brokerage that offers $0 online trades and no hidden fees.  It is currently giving away two free stocks to new users.

Firstrade Free Stocks (Up to $400)

May 17 through October 31, Firstrade is offering two free stocks if you sign up with our Firstrade Free Stock Link and deposit at least $100 into your account within 30 days of opening it.

Similar to the Webull promotion, here’s how getting free stocks from Firstrade works:

  • Right after you open your brokerage account at Firstrade and your account is approved, you will get your first free stock valued between $2 and $200.
  • Then, when you make your initial deposit of $100 or more to Firstrade within 30 days of opening your account, you will get your second free stock valued between $2 and $200.  Firstrade says that 

So if you open your Firstrade and deposit $100 immediately, you could be looking at earning a minimum of $4 in free stock and a maximum of $400 in free stock within a week!

Don’t Miss This: It’s very important that your initial deposit into Firstrade be for $100 or more.  Depositing less than $100 through your initial deposit could cause you to not receive your second free stock.  For example, if you deposit $60 today and $40 tomorrow, you may not qualify for the second free stock.  So make sure you have at least $100 to make as your initial deposit to Firstrade within 30 days of opening your account and transfer it all at once.

Get 2 Free Stocks From Firstrade Now

What Stocks Does Firstrade Give Away?

Firstrade says that it chooses stocks to give away that have a market capitalization of at least $2.5 billion and that trade on either the New York Stock Exchange or on NASDAQ-listed markets.

What Are the Odds of Getting Expensive Stock?

The free stocks you receive are completely random and algorithmically determined.

Now, you have a 100% chance of receiving two free stocks from Firstrade if you open your account and make an initial deposit of $100 or more within 30 days.

However, your odds of receiving high-priced stock such as Apple, Boeing, or Advanced Micro Devices is 1 in 100.  It’s far more likely you will receive a less expensive stock.

At the end of the day, you have a 98% chance of receiving a free stock valued between $3 and $10, a 1% chance of receiving a free stock valued between $10 and $50, and a 1% chance of receiving a free stock having a value between $50 and $200.

Related: Here are all the companies giving away free stocks right now.

Is Firstrade Free Stock Taxable?

Yes, as a CPA I can tell you that Firstrade free stock is taxable.  You must report the value of the stock at the time you received it as “Other Income” on your tax return.  This value becomes your basis in the stock, and if you sell the stock, you will realize capital gain or loss based on the difference between the selling price of the stock and the value of the stock at the time you received it.

Firstrade Referral Program

Once you open up your Firstrade account and receive your own free stock, you will be given your personal Firstrade referral code that you can give to others.

When someone who uses your link signs up for Firstrade, both of you will receive a free stock after their application is approved.

Other Free Stock Apps

There are many other online brokerages giving away free stock right now.  See the full list in this article.

Broker Bonus Requirements Fees Sign Up
Must create account

$5 in Free Stock

Must create account


Must create account

1 Free Stock

Must create account


Must deposit at least $100

2 Free Stocks

Must deposit at least $100


Moomoo Free Stock Promotion October 2023 Sun, 01 Oct 2023 12:08:49 +0000 Moomoo is a new commission-free brokerage offered by Futu Inc.  It is currently offering two free stocks to new users.

Moomoo Free Stocks (Up to $2,000)

October 1 through October 31, Moomoo is giving away five to fifteen free stocks when you sign up with our Moomoo Free Stock Link.

You will receive your free stocks from Moomoo depending on how much you deposit:

  • You will get your five free stock from Moomoo when you deposit at least $100 into your account within the promotion period and maintain an average assets of more than $100 for 60 days or more to unlock the stocks.  The stocks will be valued between $2 and $2,000.
  • You will get your ten free stock from Moomoo when you deposit at least $1,000 into your account within within the promotion period and maintain an average assets of more than $1,000 for 60 days or more to unlock the stocks.  This stock will be valued between $2 and $2,000.
  • You will get your fifteen free stock + 1 free share of Tesla or Google from Moomoo when you deposit at least $5,000 into your account within within the promotion period and maintain an average assets of more than $5,000 for 60 days or more to unlock the stocks. 

Important: Unlike the Webull free stock promotion, you do not have to deposit $100 (or $1,500 for the second free stock) all at once.  You can deposit little by little and as long as your net deposits — that is, your deposits less any withdrawals — total to $100 or more during the first 90 days you have your Moomoo account, you will qualify for the first free stock.  If they total $1,500 or more during the first 90 days you have your Moomoo account, you will qualify for the second free stock.

Get 2 Free Stocks From Moomoo Now

What Are My Odds of Getting a High-Priced Stock?

The free stock(s) you get through Moomoo’s free stock promotion are completely random.

Here are your odds of getting a stock at various price points after your net deposits to Moomoo reach $100 within the first 90 days (Outdated):

  • 99.6% chance of receiving a stock worth between $4 and $15.  This is a 249 in 250 chance.
  • 0.04% chance of receiving a stock worth between $10 and $200.  This is a 1 in 250 chacne.

Here are your odds of getting a stock at various price points after your net deposits to Moomoo reach $1,500 within the first 90 days (Outdated):

  • 98.8% chance of receiving a stock worth between $10 and $50.  This is a 247 in 250 chance.
  • 0.08% chance of receiving a stock worth between $50 and $200.  This is a 2 in 250 chance.
  • 0.04% chance of receiving a stock worth between $200 and $1,000.  This is a 1 in 250 chance.

Related: Here are all the companies giving away free stocks right now.

Are Moomoo Free Stocks Taxable?

Yes, you have to report the value of free stocks you received from Moomoo as “Other Income” on your tax return.

Moomoo Referral Program

After opening your Moomoo account to get your own free stocks, you will receive your own referral link to refer others to Moomoo.

After someone you refers reaches each of the deposit hurdles described above within the promo period, both you and they will receive free stocks as described above.

Other Free Stock Apps

In addition to Moomoo, several other investing apps are currently giving away free stocks to new users.  We’ve put together the entire list in this article.

Broker Bonus Requirements Fees Sign Up
Must create account

$5 in Free Stock

Must create account


Must create account

1 Free Stock

Must create account


Must deposit at least $100

2 Free Stocks

Must deposit at least $100


InboxDollars Referral Link Gives a $5 Bonus in October 2023 Sun, 01 Oct 2023 09:32:44 +0000 The InboxDollars referral link gives you a $5 signup bonus once you confirm your email.

Keep reading to learn exactly how to take advantage of our $5 InboxDollars bonus.

How the InboxDollars Referral Program Works

All you have to do to trigger the introductory bonus is sign up through our referral link and verify the email address associated with your account.

Bonus Amount$5
Bonus EligibilityNew accounts only.
Bonus RequirementConfirm your email.
Payout RequirementEarn at least $15 total.

Step 1: Click on our referral link and sign up for InboxDollars.

inboxdollars referral landing page

Step 2: Verify your email

inboxdollars confirm your email

Step 3: Your bonus will appear in your InboxDollars account.

inboxdollars confirmation

Step 4: Continue earning rewards until you reach $15, the minimum amount for cash out.

While you do get the $5 in your account, you can’t actually get the money unless you continue using InboxDollars.

You must reach $15 in rewards to cash out — below, we’ll explain the many ways you can get there.

Once you reach the $15 threshold, you can request payout via PayPal, or claim a $15 gift card.

Whether or not you can get a gift card at that threshold depends on the retailer.

inboxdollars gift cards

Want more free money? Best Referral Programs to Make Money

How InboxDollars Works

InboxDollars is a rewards platform that enables users to earn money by performing one of a few different tasks.


inboxdollars surveys

The first way to make money with InboxDollars is to take surveys.

Like many other survey sites, InboxDollars starts users out with a profile survey that covers age, gender, and other basics. The platform will use that information to help match you to eligible surveys.

When you’re looking at potential surveys, InboxDollars will show you the reward associated with every option along with the time it will likely take you to complete each one.

Keep in mind that you could lose rewards or eligibility for future surveys if you give false answers or if you simply rush through the survey as quickly as possible.


inboxdollars videos

InboxDollars also offers small rewards in exchange for watching specific videos.

When we looked at their website, most videos appeared to be worth just one or two cents, so this might not be a practical way to generate any substantial income.

Of course, some users may have access to videos that we weren’t able to see.

While InboxDollars can’t stop you from doing other things while the video is running, you will need to keep the tab open for the entire duration.

In other words, you can’t simply put a video on in the background and then earn rewards while doing something else on the same device.


inboxdollars cash back

Furthermore, InboxDollars offers a similar cash-back service to platforms like Rakuten and Ibotta.

When you select an offer from the InboxDollars site, you’ll be able to earn cash back by shopping at specific retailers.

For example, we found an offer of 4% back on home decor at Home Depot, with 1% back available on other eligible purchases.

Remember to read the fine print when looking at InboxDollars offers.

While most home decor products were eligible for that 4% rate, a few high-ticket items were left out including rugs, lighting and ceiling fans, outdoor furniture, blinds, and window treatments.

If you’re shopping in-person, you can print out coupons from the InboxDollars website and present them at the store.

Along with the savings from the coupons themselves, you’ll also receive an additional 20 cents per coupon redeemed plus one cent for every pair of coupons you print.

Finally, the InboxDollars “Magic Receipts” program enables users to earn cash back by uploading receipts that verify the purchase of specific items.

We saw offers of $1 for a gallon of milk, two cents for a banana, and $3 for Soylent Singles at Walmart.

All of these InboxDollars shopping rewards can be combined with benefits from a cash-back credit card, enabling you to double dip on your cash back.


inboxdollars offers

On top of surveys, videos, cash back, and coupons, InboxDollars provides a wide range of other offers with unique requirements and rewards.

These offers often give users the opportunity to earn significantly more rewards than they could get from other tasks, but they can also be much more complicated and expensive.

For example, we found an Uber Eats offer giving new drivers a $200 bonus when they complete their first delivery.

Assuming you’re willing to provide your social security number and submit to a background check, you would be able to earn more than $200 for a single delivery.

Similarly, new Coinbase users could earn a $25 reward by creating an account and trading at least $5 in cryptocurrencies.

As mentioned above, there are many different types of offers available, so you may need to take some time to look for the most lucrative options.

Scratch and Win

inboxdollars scratch and win

As you perform various actions on the InboxDollars site, you’ll gradually fill up a meter that will allow you to scratch off a virtual card.

This applies to most InboxDollars activities including surveys, PaidEmails, web searches, and games.

The meter goes up a variable amount with each new action, so it may take you more or less time to fill the bar each time.

After filling up the meter to the first mark, you’ll have the opportunity to scratch a card that could give you up to $10 in rewards.

However, you can also continue to fill up the bar without scratching the first card.

The bar will continue to fill until reaching a second mark (up to $25) and finally a third mark (up to $100).

Unfortunately, the website doesn’t offer any details about the chances of each outcome, so the maximum prize is probably much less likely compared to less valuable rewards.

Still, you’ll naturally fill up the meter as you use InboxDollars, so there’s no reason not to scratch your card after reaching the highest level.


inboxdollars search

Performing internet searches is the last way to earn rewards through InboxDollars.

You can get cash back simply by entering qualifying search queries into the InboxDollars search engine, which is located on their website.

These searches can contribute toward raising the Scratch and Win meter, and you’ll also receive a weekly bonus of five cents if you perform at least one search on four different days in that week.

The Scratch and Win feature is particularly helpful since you can continue to raise the meter by entering more and more searches.

inboxdollars search result

This makes it more efficient for scratch tickets compared to most other activities available on the InboxDollars website.

With that being said, there are a few drawbacks to the InboxDollars search engine.

First, there’s no way to know what counts as a “qualified search” in advance.

While we didn’t have any trouble after testing out eight different search terms, it’s impossible to predict what InboxDollars will or won’t count toward your rewards.

Second, the rewards aren’t very substantial to begin with.

Even if you make several searches every day, you’ll be limited to five cents per week plus whatever you earn from your scratch cards.

Finally, you’ll have to keep coming back to the InboxDollars website every time you want to make a search.

Some users will likely find this less convenient compared to a more traditional search engine like Google or Bing.

Can I Trust InboxDollars?

Like with any other reputable rewards platform, the concern most users have with InboxDollars is whether it will offer enough to be worth their time.

The InboxDollars mobile app has an average rating of 3.9 on Google Play and 4.5 on iOS—not terrible, but not exactly a ringing endorsement.

inboxdollars app store reviews

Based on our research, most criticisms of InboxDollars have to do with the low earnings potential.

Some users are also unhappy with other inconveniences like the $30 minimum for withdrawals, the $3 fee for withdrawals under $40, and trouble being matched to surveys.

The gap between the Google Play and App Store ratings appears to be the result of technical issues being more common on Android compared to iOS.

However, users on all platforms seem to agree that InboxDollars pays out as advertised as long as you meet their arguably byzantine conditions.

InboxDollars’ parent company CotterWeb was acquired by Prodege in 2019.

Prodege is a major consumer rewards brand that operates other cash-back and rewards platforms including Swagbucks, MyPoints, and Tada.

If you decide to sign up for InboxDollars, it’s important to understand that their business model involves extracting consumer data from their own users and (legally) selling that information to interested parties.

However, we haven’t found any allegations that either InboxDollars or Prodege has engaged in any malicious or deceptive business practices beyond the complicated conditions for rewards and the ethical issues surrounding the sale of information.

How Did InboxDollars Work for You?

If you signed up for InboxDollars using our referral link, we’d love to hear more about your experience with their platform.

Please take a moment to leave your thoughts in the comments below and help other readers decide whether to create an InboxDollars account.

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Webull Promotion October 2023 Sun, 01 Oct 2023 08:42:28 +0000 Webull is a zero-commission stock brokerage.  The current Webull promotion for October 2023 using our Webull promotion link is for up to twelve free stocks.

How to Get Up to 12 Free Stocks Valued Up to $36,000

The current Webull promotion is for up to 12 free stocks:

  1. You get two free stocks just for signing up using our Webull free stock link.
  2. You get up to 10 additional free stocks once you’ve signed up using our link and then deposit any amount.

The value of each of these stocks — which may be fractional shares — is $3 to $3,000 each.

So if you open a Webull account and make a deposit any amount, you could earn between $6 and $36,000 through this Webull promotion.

Up to $36,000 in Free Stocks
How to Qualify: Get two free stocks for opening an account using our link and get up to an additional 10 free stocks after you deposit any amount.


What Are My Webull Free Stock Odds?

According to Webull, the stocks they give away for this promotion are stocks with a minimum market capitalization of $2.5 billion from a US-based company that is listed on either the New York Stock Exchange or the NASDAQ.

You will certainly get two free stocks if you meet the qualifications stated above, but which stocks you get is a different question.

Webull Free Stock Odds For Your First Free Stock

For your first free stock — the one you get for simply opening a Webull brokerage account by June 9 — you have a 1 in 100 chance of getting a free stock from Facebook, Procter & Gamble, Starbucks, or Snap.

Webull Free Stock Odds For Your Second Free Stock

For your first free stock — the one you get for making an initial deposit of $5 or more into your Webull account — you have a 1 in 50 chance of getting a free stock from Google, Facebook, Procter & Gamble, Starbucks, Kraft Heinz, or Snap.

Related: Here are all the brokerages giving away free stock right now.

Where Do I Claim My Webull Free Stock?

You claim your free stock in the Webull mobile app.

Although Webull has a desktop version as well, the only way you can claim your Webull free stock is in the mobile app.

In the mobile app, you first click on the menu bottom in the bottom right, then click “My Free Stock”, and finally tap “Get” on the screen that follows to claim your free stock.

Once you claim your free stock, Webull says you should allow up to ten business days for it to arrive in your account.

Still confused how to redeem our Webull free stock?  Watch the eight-second video below.

Why Haven’t I Received My Webull Free Stock Yet?

If you’ve deposited of at least $100 into Webull but have not yet received your free stock, please consider the following possibilities:

  • Your deposit to Webull has not yet settled.  If you sent your deposit via ACH transfer, it could take up to five business days.  If you sent your deposit via wire transfer, it could take up to one to two business days.
  • Your initial deposit was not $5.  Remember, as stated previously in this article, your initial deposit must be $5 or more.  Two $2.50 deposits, for example, won’t qualify you for the second free stock.
  • Your initial deposit was not made within thirty days of signing up.

Related: Read our Webull Review to get all the pros and cons!

Is Webull Free Stock Taxable?

Yes, as a CPA I can tell you that Webull free stock is taxable.  You must report the value of the stock when you received it as “Other Income” on your tax return.  If you sell the stock, your capital gain or loss will be calculated as the difference between what you sold it for and what you reported as “Other Income” previously.

Webull Referral Program

Once you open up your Webull account and get your free stock, Webull will give you a personalized referral link.

You can share this link with your friends or on social media, and when someone else signs up using your link, both of you will receive free stock.

Other Free Stock Apps

Want to see the full list of brokerages giving away free stock?  Check out the full list here.

Broker Bonus Requirements Fees Sign Up
Must create account

$5 in Free Stock

Must create account


Must create account

1 Free Stock

Must create account


Must deposit at least $100

2 Free Stocks

Must deposit at least $100


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Public Referral Code MONEYDONERIGHT Gives Up to $300 in Free Stock in October 2023! Sun, 01 Oct 2023 08:40:51 +0000 When you create a Public account using our referral link and referral code MONEYDONERIGHT, you’ll receive a free stock worth as much as $300.

As a referred user, you’ll have the option to choose from a number of different stocks when creating your account.

Keep reading to learn how to take advantage of our unique referral bonus.

How Our Public Referral Program Works

As mentioned above, all you need to do to earn a free stock is use our unique referral link, then sign up with the referral code MONEYDONERIGHT and deposit money into your new account.

Public Referral Bonus Offer
Minimum Deposit$0.01
Bonus AmountStock worth $3-$300
Bonus Deposit TimingWithin 5 days
Minimum Hold Period90 days

Follow these six steps to ensure that you receive and keep the bonus.

1) Use Our Referral Link

Tap or click our referral link.

If you’re on a mobile phone, you’ll go directly to the Public app’s page on your app store.

If you’re on a desktop/laptop, you’ll go to the Public site, where you can enter your phone number to get texted a link to download the app.

2) Download and Open the Public App

Download the app from your app store, and open it.

3) Choose the Referral Code Option on the First Screen

On the first screen of the app, you’ll see two options — “Get Started” and “I have a referral code”. Tap “I have a referral code”.
public app home screen

4) Enter the Referral Code MONEYDONERIGHT

In the box with “REFERRAL CODE” inside it, type MONEYDONERIGHT.

public app investing referral code entry screen

5) Choose Your Stock!

Choose the stock you’d like to receive — at time of writing, Public is currently offering new users stock in Zoom Video, Tesla, Amazon, Beyond Meat, Disney, Apple, Peloton, Shopify, and others.
public crypto app bonus stock screen 3 to 300

6) Complete Your Account Setup and Fund Your Account

Finish setting up your account, then link a bank account or debit card and make a deposit of any amount.

Between $3 and $300 of your chosen stock will appear in your account shortly after the deposit clears — which can happen in a matter of seconds.


While the stock will appear in your account immediately, you must wait at least 90 days before selling your stock and withdrawing it in cash.

The cash value of the free stock offer may be taxable, and is subject to capital gains or losses if you sell it.

It’s also worth noting that Public is only available in a limited range of locations.

Unfortunately, residents of New York, Guam, and the U.S. Virgin Islands currently aren’t able to trade crypto on the Public exchange.

Furthermore, Public isn’t yet available in either Canada or Europe, so you can only take advantage of this offer if you live in one of the 49 states other than New York.

How Public Works

Public is a unique investing platform that gives users a wide range of investing options. The Public app is currently available on both iOS and Android devices.

The iOS app has an incredible 4.7 score average on roughly 36,000 ratings, while the Android app is just slightly lower at a 4.5 average on about 28,000 ratings.

With a Public account you can buy and sell stocks, as you would with a traditional brokerage.

But Public also offers investors advanced options. Public users can:

  • Buy and sell fractional shares for as little as $1
  • Buy and sell popular cryptocurrencies like Bitcoin, Ether, and others
  • Buy and sell other assets like such as exchange-traded funds (ETFs)
  • Avoid transaction fees — Public doesn’t charge them
  • Get basic research and data points about individual stocks
  • Interact with other investors in the Public community

With this in mind, it’s an excellent option for users who have experience with more traditional assets but are also interested in diversifying into cryptocurrencies.

Unlike many other platforms, Public caters to both investments at the same time. You can quickly sell Bitcoin and other cryptocurrencies, then use the proceeds to invest in stocks like Amazon or Tesla.

Researching Assets on the Public App

Public offers basic price data on stocks. This data is available for free online, but having it available one touch away is nice.
public app investing stock data screen
Public also shows buy/sell scores from independent analysts, along with a graph showing how analysts expect the store tp perform.
public app investing research screen

While traditional brokerages offer far more research, the information that Public offers can serve as a basic sanity check for beginning investors.

Buying Stocks on the Public App

These are the steps to buy a stock on the Public app.

1) Tap “Invest” on the stock home screen.
public app investing stock home screen

2) Choose the type of transaction you want to make, and the amount you want to invest.
public app investing amount to invest screen

The default transaction type is to buy fractional shares based on the amount you want to invest. But you can also choose to buy whole shares, as well as limit and stop orders.

3) Review the transaction and tap “Submit”.
public app investing fractional share

4) Choose whether to leave a tip.
To support Public’s service, you have the option to leave a tip to cover part of the cost of the transaction.
public investing app tip screen

How Public Makes Money

The platform is also known for not working with Payment for Order Flow companies—in other words, their business model doesn’t involve selling transaction data to third parties.

Instead, Public makes money by asking users for optional tips, plus optional security lending for users who want to earn additional interest on their assets.

There’s also a small markup of an estimated 1% to 2% on all crypto transactions. This is imposed by Apex Crypto, which manages Public’s crypto transactions. From there, Public receives a small kickback in exchange for bringing Apex Crypto your business.

Related: 20+ Ways to Get Free Cryptocurrency

History of Public

Public is a major investing platform that has received backing from a number of high-profile investors.

Celebrities like Will Smith, J.J. Watt, Tony Hawk, and the Chainsmokers have invested in the service and helped it gain more exposure over the last few years.


Once you create a Public account, you can earn additional free stocks by referring new users to the service.

Similar to our offer, this program gives your referrals a free stock when they create an account and make their first deposit.

However, you will also receive a free stock of your own in exchange for each successful referral you make.

When they sign up through your referral code, both sides will get free stock worth somewhere between $3 and $300.

Again, you’ll need to wait 90 days after the offer processes before you withdraw the funds into your own account.

WARNING: You may not get the maximum bonus!

While a $300 stock might sound good, most users will receive much closer to the minimum of $3.

According to the Public website, a full 92% of users will get a value of $3, leaving just 8% of users to get anything more. Just one-half of a percent of all participants will get the full $300.

Additionally, users are limited to a cumulative maximum of $500 in referral rewards. You won’t receive any bonuses after you pass $500 in lifetime earnings through the referral program.

Public Community

Along with its investing services, Public has also been involved in a variety of projects to engage with their community.

Public users are invite to post to the community when they make trades, as well as discuss their opinions with the community.
public app investing social community screen

Here are just a few of the most exciting community projects we’ve seen from Public.


Public runs regular events to spread information about a variety of topics related to investing. Interested users can sign up for event notifications on the Public Talks website.

For example, Public recently offered interviews and Q&A sessions with experts and industry insiders who could speak to the latest trends in gaming and esports.

public past events

Speakers included Super League Gaming CEO Ann Hand, ARK Invest analyst Nicholas Grous, and Esports Entertainment Group VP of Strategy and Head of Investor Relations Jeff Cohen.

If you think you can offer a unique perspective, you can also contact the Public team directly to schedule a talk.

The Invest Hat

The Public Invest Hat is an exclusive accessory that’s saved for users who make a significant contribution to the Public community.

There’s no surefire way to guarantee yourself a hat, but consistently engaging with other Public users will increase your chances.

public invest hat

What makes these hats unique is that there’s no way to buy them—the only way to get one is to prove yourself as an active member of the community.

Ticker Tees

Ticker tees are customizable t-shirts that connect directly to your Public account.

After signing in, you can select stocks you want to display on your new ticker tee.

public app investing ticker tee


New investors often come in with a certain set of goals. For example, you might want to buy shares of Black-owned businesses or companies that are making an effort to combat climate change.

Unfortunately, it isn’t always practical to do the research necessary to find businesses that match the factors that are most important to you.

public themes

Public’s investing themes are intended to make it easier for traders to invest in companies with a positive outlook while supporting the causes they care about.

Current themes include companies with female CEOs, companies that manufacture products in the United States, and companies that are dedicated to fighting COVID-19 and other diseases.

When you invest in a particular theme, you’ll be buying shares in a diversified selection of companies that align with your criteria.

How Did Public Work for You?

If you created a Public account using our referral link and the code MONEYDONERIGHT, we want to know how you feel about the service. Leave us a note in the comments below and let other readers know what to expect if they sign up for Public.
Bonus Amount
Up to $300 in free stock
Minimum Balance
Promo Code

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Cash App Referral Code ZNKCWSN Gives a $5 Bonus in October 2023 Sun, 01 Oct 2023 08:37:32 +0000 The Cash App referral code ZNKCWSN, via our unique referral link, gives you a $5 signup bonus when you send $5 to another Cash App user.

cash app referral code

Even if you’re under 18, you can still take advantage of the Cash App promo offer by activating a Cash Card rather than creating a conventional Cash App account.

Continue reading to learn exactly how to unlock this introductory bonus and earn an extra $5 in your new account.

How the Cash App Referral Program Works, Step by Step

As mentioned above, eligible users can get $5 simply by using Cash App for the first time.

Bonus Amount$5
Bonus EligibilityNew accounts only.
Bonus RequirementSend $5 to another Cash App user.
Time LimitYou must send the $5 within 14 days.

Unlike some other promo offers, this one doesn’t come with a catch — just follow these steps to trigger the $5 reward.

Step 1: Download Cash App on Google Play or Apple App Store.

cash app app store

Step 2: Follow the instructions to create an account.

cash app signup process

Step 3: Enter the referral code ZNKCWSN when prompted.

Step 4: Send $5 to another Cash App user within 14 days of setting up your account.


Cash App is only available in the United States and United Kingdom, so you’ll need to find another option if you live in another region.

Like we noted earlier, users who are under 18 can take advantage of this offer by activating a Cash Card instead of creating their own account.

How Cash App Works

Cash App is most widely known for its money exchange services.

Similar to Venmo and other competitors, Cash App enables users to send and receive money using a username system without having to provide separate bank or credit card information.

With a Cash App account, you can also receive direct deposits up to two days in advance, making their accounts competitive with banks that offer a similar service.

cash app early paycheck

Cash App account holders can also use the Cash App card like any other debit card.

While you may have to pay the base $2 ATM fee on some withdrawals, that fee is waived for users who receive at least $300 per month in direct deposits.

However, there are also a few other Cash App tools that you may not be aware of.


On top of facilitating transactions between individual users, Cash App also allows users to invest their money in both stocks and Bitcoin.

One key feature of Cash App investing is its support for fractional shares worth as little as $1, which make it easier for people to get started with a smaller budget.

cash app investing

Naturally, this service also comes with basic quality-of-life features like recurring buys and access to earnings data, news, and other information about your assets.

With that being said, it’s worth mentioning that Cash App may not support every asset you want to invest in.

According to the website, users can currently invest in a selection of 1600 stocks — still a decent range of options, but far fewer than are publicly traded on exchanges like NYSE or Nasdaq.

Similarly, Cash App’s support for crypto is limited to bitcoin, so you’ll need to look to other crypto platforms if you’re interested in other coins such as Ethereum or Litecoin.

Related: 20+ Ways to Get Free Cryptocurrency

Referral Program

As a Cash App user, you’ll have the opportunity to earn additional rewards by introducing new members to the platform.

Similar to our introductory offer, the Cash App referral program requires new users to sign up for Cash App, link a debit card, bank account, or Cash Card, and finally send $5 or more to another user within 14 days of creating the account.

The website doesn’t mention any limits or other restrictions on this program, so you should be able to earn a $5 bonus every time you refer someone new.

In the same way, your referral will be able to claim a $5 reward of their own after completing the introductory steps.

Want more free money? Best Referral Programs to Make Money

Can I Trust Cash App?

While Cash App accounts offer some features typically associated with banks, it’s important to note that Cash App is not actually a bank.

Its banking services and debit cards are provided by outside partners, and the website makes it surprisingly difficult to find out more about how Cash App works.

One key consequence of this is that funds deposited into your Cash App account will not be covered by the FDIC insurance offered by other banks.

That usually covers individuals for up to $250,000 in losses in common checking accounts.

The site does offer fraud protection and other security measures.

cash app security

With that being said, just because Cash App isn’t a bank doesn’t mean you can’t trust the platform with your money.

It’s one of the most popular money transfer apps in the US, and it has an average of 4.6 and 4.7 on the Android and iOS app stores, respectively — with roughly 3 million total reviews between the two operating systems.

google play cash app reviews
Cash App investing, on the other hand, goes through Cash App Investing LLC. Cash App Investing LLC is a member of both FINRA and SIPC, making it look a little more like a conventional investing platform.

How Did Cash App Work for You?

After using referral code ZNKCWSN or the unique Money Done Right referral link, all you need to do to earn a referral bonus is send $5 or more to another person within 14 days of creating your new Cash App account.

If you’ve been through this process, please take a second to leave your thoughts in the comments and give other users a heads up about any issues or questions they might run into while getting started with Cash App.

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Chime Referral Link Gives a $100 Bonus in October 2023 Sun, 01 Oct 2023 08:22:12 +0000 Our Chime referral link gives you a $100 bonus if you receive a qualifying deposit of $200 or more within 45 days.

Chime isn’t directly advertising any introductory benefits on their site, so our promo offer is the best way to get a head start with Chime.

How the Chime Referral Program Works

As long as you’re regularly paid through direct deposit, earning a $100 bonus through Chime should be simple.

Bonus Amount$100
Bonus EligibilityNew accounts only.
Bonus RequirementReceive a $200 payroll deposit.
Time LimitDeposit must occur within 45 days.

To make sure you get your bonus, follow these steps:

Step 1: Use our referral link and enter your email address to begin the application process.

chime referral splash screen

When you use our referral link you’ll be eligible for the bonus.

Step 2: Enter additional personal information as requested.

chime personal information screen

Chime will request your full name, date of birth, mobile phone number, and home address.

Step 3: Create a password.

chime sign up password


Step 4: Confirm your identity by entering your Social Security number.

chime sign up social security number

Step 5: Receive a qualifying direct deposit of at least $200 within 45 days of creating your Chime account.

The deposit must be from a payroll provider.

If your paycheck is already automatically depositing to a different bank account, contact your payroll provider to make any changes required so that your deposit goes to your new Chime account.


Like we mentioned above, this referral offer depends on your ability to receive a direct deposit worth $200 or more.

You’ll have to receive that deposit within 45 days of account creation, so you might want to hold off on signing up if you aren’t expecting a direct deposit anytime soon.

According to the Chime website, qualifying deposits include direct deposits from:

  • Your employer
  • Your payroll provider
  • A gig economy payer, or
  • Benefits paid by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT)

These type of deposits do not qualify for the bonus:

  • Bank ACH transfers
  • Pay Friends transfers
  • Verification or trial deposits from financial institutions
  • Peer to peer transfers from services such as PayPal, Cash App, or Venmo
  • Mobile check deposits, cash loads or deposits
  • One-time direct deposits, such as tax refunds and other similar transactions

Chime reserves the right to decide whether a deposit qualifies or not.

Similar to most other referral programs, Chime’s bonus is also limited to users who haven’t created an account in the past.

If you’ve used Chime before, you won’t be eligible to earn our $100 bonus.

Want more free money? How to Get Free Money Fast

How Chime Works

Chime is a mobile banking and personal finance platform that offers all-online banking.

Checking Accounts

After creating a checking account, you’ll receive a digital and physical debit card that you can use like any other.

The card can be added to your Apple Pay or Google Pay wallet, and you can also disable transactions on your Chime debit card from within the mobile app.

chime spending account and visa debit card

Like some of its competitors in that niche, Chime doesn’t charge common banking fees like overdrafts, minimum balance fees, monthly fees, or foreign transaction fees to checking users.

If you receive monthly direct deposits of $200 or more, you can overdraft your account by up to $200 (depending on eligibility) and have the cash taken out of your next deposit with no additional fee.

While you will have to pay a fee of $2.50 when you withdraw from an out-of-network ATM, Chime debit card members can withdraw from more than 60,000 ATMs at no charge.

Eligible users can also receive direct deposits up to two days in advance.

Savings Accounts

Chime’s high-yield savings account accumulates at a higher rate than comparable accounts from major institutions like Bank of America and Wells Fargo.

At time of writing, Chime users receive an APY of 0.50% in their savings account, with no minimum balance required to earn interest.

chime high yield savings account

Users who have both a checking and savings account can also configure Chime to automatically round up purchases made with their checking account and transfer the remainder into savings.

Like the checking account, the savings account avoids common banking restrictions including minimum balance fees, limits on interest, and other charges.

Credit Builder

Finally, Chime offers a unique no-fee, no-interest Credit Builder card that’s designed to help people start developing their credit.

While it might not be as useful for people who already have strong credit, you might find it helpful if you currently have poor credit (or no credit at all).

chime credit builder visa credit card

Unlike conventional unsecured credit cards, the Credit Builder card only enables members to spend as much as they’ve deposited into their Credit Builder account.

With that in mind, you can never use your Credit Builder card to spend more money than you have on hand.

From there, the Credit Builder card can be used like a regular credit card as long as you don’t try to charge anything that goes beyond your limit.

You can also configure your Credit Builder account to automatically use your deposits to cover each month’s statement before the payment deadline.

This structure enables Credit Builder to offer some of the advantages of a line of credit without introducing the risk that people typically associate with credit cards.

Have good credit? Try these cards: Best Cash-Back Credit Cards

Can I Trust Chime?

Chime was founded in 2013 and is designed to pull users from more traditional banks due to its online-only setup and relatively generous fee structure compared to brands that still levy overdraft fees and other unpopular charges.

From the perspective of the end user, it’s fair to say that Chime works similar to any other bank.

However, Chime doesn’t actually provide any banking services on its own.

Instead, their banking services are offered by The Bancorp Bank or Stride Bank.

Both the Chime debit card and Credit Builder cards are issued by Visa, so you’ll be able to use them anywhere Visa cards are accepted.

Chime is primarily a mobile service, with apps available for both iOS and Android.

The mobile apps each have hundreds of thousands of reviews, with an average of 4.6 on Google Play and 4.8 at the Apple App Store.

chime reviews apple app store

Given Chime’s connections to major financial institutions and its high marks in user reviews, it’s one of the most reputable options out there if you’re looking for a digital banking platform.

If you’re concerned, keep in mind that Chime users are insured to the standard FDIC maximum of $250,000 per account.

How Did Chime Work for You?

If you signed up for Chime through our referral program, we’d love to know more about your experience with the platform.

Please take a minute to leave a note in the comments below and help other users understand what to expect from Chime.

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BeFrugal Signup Bonus: Earn $10 With Our October 2023 Referral Link Sun, 01 Oct 2023 08:11:51 +0000 Our unique BeFrugal signup bonus referral link gives a $10 signup bonus to new users who earn $10 in cash back.

It only takes a minute to register for BeFrugal and you can earn your free bonus while getting additional cash back on your online purchases.

Here’s more about the BeFrugal signup bonus and how to take advantage of the current referral offer.

How the BeFrugal Referral Program Works, Step by Step

As mentioned above, new BeFrugal users can get a $10 bonus by signing up using the Money Done Right referral link.

Bonus Amount$10
Bonus RequirementEarn $10 in cash back
Redemption OptionsDirect deposit, PayPal, Venmo, Zelle, check, gift cards
Time LimitRequirement must be met within 365 days

Just follow these three steps to get the introductory reward.

Step 1: Use our referral link.

Click or tap our referral link to go to the BeFrugal signup page.

Step 2: Create an account on the bonus link page.

Step 3: Check your account balance to see that the bonus has been applied.

Step 4: Find stores to shop and earn at least $10 in cash back.

You must earn $10 in cash back by shopping through BeFrugal to earn the $10 bonus.

Note: New members get special, higher rates on their first order through BeFrugal.


The BeFrugal referral program is only open to users who don’t have an account.

With that in mind, people who already use BeFrugal won’t be able to earn the signup bonus.

You will lose your bonus eligibility if you fail to reach a minimum of $10 in cash back within 365 days of becoming a BeFrugal member.

Note: Earning $10 in cash back will almost certainly require spending considerably more than $10.

At BeFrugal’s typical cash-back rates are around 5%. At that rate, you’ll have to spend at least $200 to earn the $10 cash back you need to qualify for the bonus.

BeFrugal does feature boosted rates from time to time that could help you earn the $10 sooner.

Looking for other ways to earn rewards? Best Referral Programs to Make Money

How BeFrugal Works

BeFrugal is a cash-back service that enables users to earn rewards while shopping online.

If you’d like to see the site in action, check out our video review below.

Members can trigger cash back by going to BeFrugal, finding an offer they’re interested in, and clicking on it to access the retailer’s online store.

After they click through to an offer from the BeFrugal website, BeFrugal will place a cookie on their computer that ties any purchases to their BeFrugal account.

The available offers rotate regularly, and they generally give users a certain percentage of cash back depending on the brand they buy from and the types of products they purchase.

For example, we found an offer of up to 10.5% cash-back on Walmart orders.

But the 10.5% rate only applied to one-hour photo order, while other categories were only eligible for the much lower rate of 3%.

Once you’ve earned rewards through BeFrugal, you’ll be able to withdraw them through a variety of payout methods including check, PayPal, direct deposit, Venmo, Zelle, or a gift card to a popular retailer.


After creating a BeFrugal account, you’ll have the opportunity to continue earning extra rewards by introducing new users to the platform.

Users can earn a $25 for each successful referral. The person they refer can earn the same $10 signup bonus that’s available with the current Money Done Right promo offer.

As with our referral program, the refer-a-friend offer is triggered once a new user earns at least $10 in cash back in their account.

They have a full 365 days to reach that minimum.

There’s no limit on how many $25 bonuses you can receive through the refer-a-friend offer.


BeFrugal aggregates coupons on its website from a wide range of third-party retailers.

Their Coupon Guarantee states that “all online coupons on BeFrugal are guaranteed to work.”

If you find a coupon that doesn’t work for whatever reason, they’ll add a $5 credit to your account.

Coupons are divided into five categories: online coupons, restaurant coupons, printable coupons, grocery coupons, and weekly ad circulars.

You can also combine these coupons with any cash back that BeFrugal is offering at the same store.

For example, members can take advantage of this 50% off sale at Reebok while also earning 6% in cash back on their purchase.

Browser Extension

BeFrugal operates a browser extension for all major internet browsers called the BeFrugal Button.

The extension alerts you of potential coupons and discounts while you’re shopping online.

At checkout, hit the button to apply potential coupon codes to your order.

This extension is similar to ones offered by Honey and Capital One Shopping.


On top of its cash-back services, BeFrugal also offers a number of calculators that are designed to help users make more informed decisions when it comes to transportation.

Fly or Drive

The Fly or Drive calculator is a helpful resource if you’re traveling somewhere that’s further than an hour or two drive but shorter than a typical flight.

After opening the Fly or Drive calculator, you’ll be able to input the origin and destination, the type of car you’d be driving, how long you’re willing to drive each day, how much you’ll spend on hotels, and other information about your options.

At the end of the process, BeFrugal will show the time, price, and CO2 impact of flying and driving on your trip.

It will also itemize the time and money costs so that you can get an idea of what to expect with each option.

How Much to Spend on a Car

The car cost calculator takes in data points like your work schedule, driving habits, income, housing, and how long you plan to keep the vehicle you buy.

With that information, it will be able to give you an estimate of how much you should spend on a new car to keep your budget in order.

Once you have that figure in mind, you’ll be able to start looking for cars that match your price range.

Electric Car Calculator

With electric cars becoming more popular, you might be wondering whether it’s time to make the switch yourself.

The BeFrugal electric car calculator is an easy way to estimate the cost of an electric vehicle compared to a gas-powered car.

Those expenses can vary dramatically depending on a number of factors including your gas and electricity costs, the models you’re interested in, and your driving habits.

If you mostly drive on short trips, for example, you might be able to use an electric car with little to no need for fuel. On the other hand, the electric option may not be as relevant if you go on longer hauls.

You don’t need to earn cash back or even create a BeFrugal account to access these tools. Instead, each one is freely available on the BeFrugal site.

BeFrugal Reviews

BeFrugal claims that they offer the best reward rate of any competing platform.

While other providers may have better offers for specific brands at particular times, our research indicates that BeFrugal’s customers are generally happy with the value they receive.

The mobile app has an average rating of 4.5 out of 5 (~2800 ratings) on the Google Play Store.

The average score is even higher at 4.6 on the App Store, where BeFrugal has received about 4700 ratings.

How Did BeFrugal Work for You?

If you created a BeFrugal account through our referral offer, we want to know more about your experience.

Please take a second to leave your impressions in the comments below and let other readers know what to expect if they sign up for BeFrugal.

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