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How do I receive my direct deposit bonus?

When you join Albert, you may be eligible for a cash bonus when you receive a qualifying direct deposit and spend with your Albert Cash debit card. Albert may end this program at its discretion. To determine your eligibility, text Genius at (639-37) or email us at (support@albert.com).

How can I earn a direct deposit bonus?

  1. Confirm you are eligible for the direct deposit program;
  2. Set up direct deposit with Albert Cash;
  3. Receive a qualifying direct deposit of $500 or more within 45 days of joining Albert;
  4. Receive a qualifying deposit of $500 or more every 30 days for 90 consecutive days;
  5. Use your Cash card to spend $200 or more on qualifying goods or services every 30 days during the same 90-day period; And
  6. Meet all of the above requirements within 150 days of joining Albert.

 

Please note, in order to receive a bonus, it must be your first time receiving a direct deposit in Albert and have not received any other bonus from Albert to enable your direct deposit. Members are only eligible to receive one direct deposit bonus from Albert. You’re ineligible if you’ve ever received a bonus from Albert for enabling direct deposit. Only deposits that Albert verifies as legitimate will qualify to unlock the bonus. The bonus offer will expire if the qualifications above are not met.

Albert may edit the requirements for the direct deposit bonus at any time at its discretion including what constitutes a qualifying direct deposit and qualifying spending purchases. To view the direct deposit bonus applicable to your sign up, go to your Albert Cash settings, tap to set up Direct deposit, and tap on the bonus offer to view more details.

 

What is a qualifying direct deposit?

The qualifying direct deposit must be made by the referred individual’s employer, payroll provider, or benefits payer by Automated Clearing House (ACH deposit). Bank ACH transfers, federal, state, or local tax refunds or credits, federal or state unemployment short-term disability, or social security benefits are not qualifying direct deposits. Rental payments from Airbnb, VRBO, Turo, or other similar services are not qualifying direct deposits. Mobile check deposits, peer-to-peer transfers from services like Cash App, Venmo, Wise, or PayPal, business account transfers or deposits, 1099 related deposits, or other similar deposits are not qualifying direct deposits.

 

What is qualifying spend on goods or services?

Purchases must be spent on qualifying goods or services with your Albert debit card. Gift cards, bill payments, pre-paid phone or credit/debit cards, money orders, bank or wire or peer-to-peer transfers, investing or crypto trades, currency exchange, charitable donations, postage stamps, or other similar types of transactions are not qualifying spend purchases.

 

By the way, you can also refer as many friends as you’d like to join Albert and earn up to $1,500 in referral bonuses! You can learn more about our referral program and bonus here.

 

Have other questions about how direct deposit works or the status of your bonus? Text Genius at (639-37) or send us a note at support@albert.com.

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Albert is not a bank. Banking services provided by Sutton Bank, Member FDIC. Albert Savings accounts are held for your benefit at FDIC-insured banks, including Coastal Community Bank, Axos Bank, and Wells Fargo, N.A. The Albert Mastercard® debit card is issued by Sutton Bank, Member FDIC, pursuant to a license by Mastercard International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Early access to direct deposit funds depends on the timing of the payer's submission of deposits. We generally post such deposits to Albert Cash accounts on the day they are received which may be up to 2 days earlier than the payer's scheduled payment date. To be eligible for a direct deposit bonus, you need to receive a qualifying direct deposit and meet the spend requirements. Cash back terms apply. See app for details. To be eligible for savings bonuses, you must be subscribed to Genius and maintain a monthly average and ending balance of $10 or more. Bonuses for the month prior are paid by the 3rd of the following month. Download to see if you qualify for Albert Instant. Repay the advance with your next paycheck. Fees may apply. When you join Albert, you’ll set up an Albert Cash account and a 30-day trial for Albert Genius as part of the sign-up process. If you cancel within 30 days of signing up, you will not be charged for your subscription. Your subscription will auto-renew until canceled. Even if you cancel, you can continue to access Albert Cash and Instant. If you cancel, you will lose certain benefits associated with your Genius subscription, such as Savings, Investing, access to Albert’s financial experts, free in-network ATM withdrawals, and more.

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