Refer Family and Friends
Refer Family and Friends

Refer Family and Friends

How do I refer family and friends?

To earn a higher interest rate, you can refer your family and friends to Bobbob by sharing the referral link or code found in your app.

  • Go to the Refer screen to find your personal referral code (and link) by tapping Refer a Friend.
  • Send your family your code by either tapping Share Link, copying your code and sending it yourself or just shouting it out to them.
  • Your invitee MUST then enter the code upon signup. This is an important step as if they don’t do it here, they won’t be able to do it later on and your rates won’t go up.
  • Your invitee must deposit in aggregate the threshold amount and keep this balance over a month-end period.

Referral Threshold: A$99

As of 18 June 2022

Troubleshooting and FAQs

How do referrals work (Referral Rules)?

After your invitee applies the code during sign-up, they need to fulfil 2 requirements to count as a successful referral (i.e. becoming a bonafide Bobber):

  1. Deposit the threshold amount, either in one deposit or in aggregate over time (sum of Deposits - Withdrawals).
  2. Have the aggregate threshold amount held in the Account over a month-end period.

Successful referrals will then be added to your count and each referral will help you achieve a higher tier! You should receive an email on the 1st day of the next month after you have a successful referral - this email will contain your count of successful referrals.

Your tier can be seen on the Refer page of the app.

Some important points:

  • Once a person is a successful referral, they count towards your tier count forever.
  • The aggregate threshold amount may change over time, all changes will be visible in the Refer page of the app. This will not change your historic referrals.
  • The amount of referrals needed to change tiers may change over time, all changes will be visible in the Refer page of the app. This will not change your historic referrals.
  • Your new tier applies from the first day of the new month after your invitee was a successful referral, i.e. if they deposit on 28 January, you’ll earn at a higher rate on your entire balance from 1 February.

A referral example

(Assume the Threshold Amount is A$999):

  • Alice refers Bob 😉  - Bob enters Alice’s referral code when he signs up.
  • Bob deposits A$500 on 15 March and another A$500 on 25 March.
  • On 25 March, if Bob has made no withdrawals, he has deposited an aggregate of A$1000 and has met the Threshold Amount of A$999. (If he withdrew A$2, he would not have qualified as he’d have an aggregate of A$998)
  • Bob will count as a successful referral for Alice from 25 March.
  • Alice’s rate changes from 4% to 5% on 25 March and from that night she will earn that rate on her balance.

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