Plynk is an easy to use, no comission fee app for trading stocks and ETFs. It’s designed for people new to investing and has educational lessons to teach about investing. The Plynk brokerage bonus will net you some extra cash in your account too.
Right now there’s a combined promo from Swagbucks and Plynk itself. Read on for the details.
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The Details
Bonus
- $35 from Swagbucks, awarded as SB
- $60 from Plynk, broken into two bonuses
Requirements
- $35 from Swagbucks: open the account and fund it with at least $25
- $10 from Plynk: open an account and link a bank
- $50 from Plynk: deposit at least $25
So basically, you’re going to get all of these bonuses just by participating in the Swagbucks promo.
Exclusions
You must be a new Plynk customer for the Swagbucks part of the bonus.
The $10 bonus also seems to be only for new customers.
The $50 bonus will still work if you already have an account so long as you’ve never linked a bank account to Plynk.
Fees
Monthly Fee: $0 for now. In the info on the Plynk site they say they may charge a $2 monthly fee in the future for “some features”. No clue which features those might be.
They also offer $0 commission fees on trades.
Deadlines
Swagbucks doesn’t usually list deadlines.
As far as the Plynk promo goes, I don’t see a deadline for the $10 but the deadline for the $50 bonus is 06/23/23.
Benefits
- Easy to use app is great for beginners
- Educational lessons
- The ability to trade unused gift cards for investing funds
- It’s possible to trade crypto, though I wouldn’t advise it as there are some fees
Notes
There are some restrictions on the cash bonus from Plynk.
For the $10 bonus, you won’t be able to withdraw the money for 30 days.
For the $50 bonus, the waiting period is 90 days.
If you invest the bonuses and then sell the investments you should be able to cash out sooner.
Is The Plynk Brokerage Bonus A Good Deal?
Plynk is a nice account to have if you’re new to investing and want an easy on-ramp to stocks. The easy interface and friendly tone make the app approachable.
The current Plynk brokerage bonus isn’t quite as high as the $100 that was offered at the end of last year, but it’s only $5 less.
In the past they’ve offered promos for exisiting users as well.
The option to trade unused gift cards is interesting. If you have a drawer of half used cards it could be an easy way to turn them into real money.
The app doesn’t have advanced trading features because their target audience won’t be doing those things.
Right now there’s no monthly fee for any user, though as they note they may charge $2 in the future. That’s not too high of an amount if you like the account, but of course it’s a better deal without it.
It’s a decent choice, especially if you’re inexperienced.
Do you have a Plynk account? What do you think? Let me know in the comments.
Get Started Investing With Plynk
This link takes you to the Swagbucks offer.
