Update 10/20/21: Another round of this bonus went out to Mint customers. Again, the fine print implies it’s targeted to those who click through the email link which has a unique string attached to it. Hat tip to reader AS
Update 6/17/21: Terms now state ‘Offer valid for first-time sign ups only who click through the corresponding links to Yieldstreet.com embedded in this email’, makes it sound targeted.
The Offer
- YieldStreet investment platform offers a bonus when you sign up for an account and making your first deposit:
- Deposit $1,000 and get a $50 bonus
- Deposit $5,000 and get $250
- Deposit $10,000 and get $500
You get the bonus for simply depositing funds to your YieldStreet Wallet, no need to make an investment.
The Fine Print
- Offer valid for accounts who have not previously deposited to their Yieldstreet Wallet only who click through the corresponding links to Yieldstreet.com embedded in the linked landing page.
- Bonus deposit will be sent to your Yieldstreet Wallet within
60 days60 business days of the time that the minimum wallet deposit is verified.
Our Verdict
There’s a separate offer for simply opening an account via referral link and getting $200. I believe this $500 offer is only for new accounts (?); if that’s the case, you can’t do the $200 deal and subsequently do the $500 deal.
Note: Please evaluate your own risk tolerance and do your own research before doing this deal. If you make an investment then there’s obviously risk. If you don’t make an investment and just leave the funds in your Wallet for up to 60 days – YieldStreet says that funds held in their wallet are FDIC insured so it should be pretty safe, but still a bit less safe than depositing directly into an FDIC bank account.
Hat tip to readers Hari and JL
has anyone tried this offer recently? the offer page still exists but I don’t know if it’s still active.. I went ahead and tried it. it’s been over 60 days now (calendar days not business days), so i’m just waiting.
I didn’t get my bonus after 3 months. They’re telling me to wait for another month.
How can one trust these people to invest significant money with them after that?
I filed a complaint with CFPB but they don’t seem to be working either.
GOP wanna get rid of CFPB so there is that.
Why is GOP so pro-business and anti-consumer and anti-working class?
Who are these idiot working class members voting for this party that openly hates working class?
I’m pretty sure this won’t pass censorship here but hey we’re for free speech as long as it’s ours.
Since this looks like the most recent Yieldstreet thread, check your email for a 2% deposit bonus ($200 for every $10k deposited and invested by the end of the year).
This promotion does not apply to the following offerings: Chelsea Multi-Family Equity, Short Term Notes, Supply Chain Financing, ST Income Notes Portfolios, Yieldstreet Prism Fund, and the Growth & Income REIT. Investment requests must be made between Thursday, Dec. 22 and Friday, Dec. 31, 2022 at 11:59 p.m. ET to be considered eligible. This offer is only available to those who were intended to receive this communication. This offer is non-transferable. Payments are expected to hit your Yieldstreet Wallet at the conclusion of the calendar month after your investment is made active. only accounts with active wallets are eligible for the promotion payment.
anyone tried churning this offer? was sent the email from Mint/Yieldstreet again.
Mint sent me this same offer today
Anybody get this and considering doing it. Not sure if you can just buy and sell immediately and collect bonus:
The Growth & Income REIT is designed to provide investors with exposure to a variety of private commercial real estate investments across key U.S. markets, property types and investment types. The Fund’s primary investment objective is capital appreciation and, as a secondary objective, current income.
Through Thursday March 24th,
Receive $150 if you invest $5K in the Fund
Receive $300 if you invest $10K in the Fund
Just read this. I guess you can’t sell right away so too much risk, unless I’m not understanding:
Liquidity
How do I access my funds?
The Fund intends to offer investors liquidity events beginning in year 2, whereby investors may be able to redeem at least a portion of their investment on a quarterly basis. Please note that a liquidity event may not occur within the projected timeframe or at all. Please see the Offering Circular for more details.
I got the same email, however the liquidity is a problem.
Got the same email for P1 & P2. A pass for me.
Received 1099 Online download. One was for interest and the other included some referrals and the $500. I am an active investor thru the Prism account if that mattered.
Did you get >$600? I got both the 500 and 200 referral, so they issued a 1099. P2 only got $200, so no 1099.
I only did the $500 and did not get a 1099. So yes, >$600. From reading and searching many comments, that seems to be the case with Yeildstreet. Anyone over $600 is getting a 1099.
Reference: https://www.doctorofcredit.com/which-banks-send-out-1099s-for-account-bonuses/
For anyone else looking, the direct link to their tax forms download is:
https://www.yieldstreet.com/portfolio/tax-center
Note that they report these bonuses using 1099-MISC not 1099-INT.
Wondering if the offer still valid? P1 had successfully went thru the whole process. Plan to sign up for p2 unless it’s no longer active on promo. Thanks.
semi-nightmarish dd with a sprinkle of CFPB:
10/19/21 Applied for account and was approved.
10/21/21 Initiated 10k deposit
10/23/21 sent email to confirm eligibility
10/25/21 eligibility confirmed by Ashli
12/13/21 email about when bonus will be deposited
12/14/21 Ashli confirmes that the bonus would be deposited into the account “around the end of the month”
1/1/22 no bonus; email requesting immediate deposit.
1/5/22 Ashli confirms bonus “around the end of the month”
1/7/22 email request for specific date + deposit
1/22/22 re-emailed
1/28/22 CFPB complaint filed
1/31/22 $500 deposited
easiest $500 of my life *rolls eyes*
Opened 10/27/21
Funded 10/28/21
Bonus 1/31/22
Had to email customer service in January to confirm the bonus.
They said inputting bonus is a manual process, so it takes some time for them to post bonuses to accounts.
Easy $500!