Skip to content
BOL Conferences
Learn More - Click Here!

Thread Options
#2196441 - 10/25/18 03:40 PM Referral Bonus
Grandkids R Great Offline
Member
Joined: Apr 2018
Posts: 50
We are going to run a referral promotion. If a customer refers a friend to open a consumer checking account with debit card and e-statements we will give the new customer $25 and if they have direct deposit we will give them another $25. We will give the referring customer $25 when the new customer opens their account. Does the bonus get reported under 1099 Misc.?
Thanks

Return to Top
#2203064 - 01/15/19 09:25 PM Re: Referral Bonus Grandkids R Great
Indy Banker Offline
Platinum Poster
Joined: Aug 2010
Posts: 528
I am interested to hear from anyone that has a done a promotion like this as well, and what compliance and/or privacy concerns come into play?

Return to Top
#2203115 - 01/16/19 03:50 PM Re: Referral Bonus Grandkids R Great
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,227
Galveston, TX
Do a search for "refer a friend" with the quotes and you will find a lot of discussion on this topic.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top