# Betterment: refer a friend

Canonical: https://dealaka.com/referrals/betterment-refer-a-friend

This is what an EXISTING customer earns for referring someone. For what a new customer gets for opening the account, see the offer entry linked below.

- Status: live
- Referrer earns: $150 or an APY boost per approved referral (targeted, not a fixed rate: the issuer sets this per account holder)
- Referred person earns: A 0.75% APY boost
- Cap: 5 per calendar year, per person
- Cap scope: per person
- Requirement: Fund a new account through your link
- Tax form: None published
- Link sharing: People you know only
- Institution: Betterment
- Verified: Jul 21, 2026 against betterment.com
- New-customer offer: https://dealaka.com/offers/betterment-automated-investing-referral-bonus
- Note: Dealaka links only the issuer's own program page and takes no share of any referral reward.

## Summary
Betterment pays a $150 investing bonus or a three month APY boost, and which one you are offered is shown in your own Rewards Center rather than published. The cap is five sender rewards a calendar year, but a second and separate clock governs when you become eligible for further referral promotions at all, and the two are easy to read as one.

## How the referrer gets their link
Sign in to Betterment and open the Rewards Center. Your actual offer is shown there rather than published.

- Invite people you know personally
- Required: disclose that you are compensated

## Tax treatment
Betterment names no tax form. It states it treats the sender investing bonus as interest earned by the receiving account for tax reporting purposes.

## When it pays
On or around the date of your friend's qualifying deposit.

## Fine print that matters
- The reward is stated as an investing bonus and an APY boost together or separately, and the offer that applies to you is behind login.
- Two different windows apply. Five sender rewards per calendar year is one. The other is that after filling five referrals you are not eligible for further referral promotions until the first day of the month beginning after 365 days from the end of your earliest active offer.
- Betterment names no tax form. It treats the sender investing bonus as interest earned by the receiving account.
- Betterment requires you to disclose that you are a client and are compensated if the new account is funded.
- Betterment is a registered investment adviser and frames referrals as testimonial advertising, which is why the disclosure is not optional.

## Sources
- betterment.com referral terms <https://www.betterment.com/referral-terms> (checked Jul 21, 2026)
- betterment.com customer referral program help page <https://www.betterment.com/help/customer-referral-program> (checked Jul 21, 2026)

_This entry is reference information, not financial or tax advice. Referral terms change without notice and the figure shown to you may differ from the one shown to someone else. Confirm on the issuer's own page._