How to Get $20 to $1,020 for Free from Virtual Bank

by Kevin on November 2, 2008

How would you like to turn $100 into $120 or even $1,120? With the online company Virtual Bank, you can do just that. This post is a quick guide on how to earn money with Virtual Bank.

Long story short: contact me or leave a comment with your e-mail address. I’ll send you a referral link and we’ll both earn $20.

What is Virtual Bank?

Simply put, it’s an online bank like ING Direct. As far as I can tell, they don’t have any branches. On the “About Us” page it describes this portion of their business:

We’re building your wealth, not bank branches.
At traditional banks the cost involved in building bank branches is passed along to banking customers in fees and rates. VirtualBank does not have a network of branches and operates efficiently through electronic and ATM transactions. This creates operating cost efficiencies which enable us to offer you higher yields on deposit accounts and lower rates on mortgages. And isn’t that what banking is all about?

Sounds good to me. Low overhead leads to higher savings rates for you and me.

How to Earn Free Bonus Money from Virtual Bank

Currently the company has a deal where if you are referred and open an eMoney Market account with the minimum deposit of $100, they’ll credit you $20.The eMoney Market account is currently paying out 2.50% interest as well. That rate is a quarter percent lower than ING Direct, my favorite online bank. Yet any way you cut it you’re earning $20 for doing nothing but signing up for an account. That’s a 20% return on the original deposit.

Here’s the real catch: you could earn up to $1,000 in addition to that first $20 bonus if you refer other people to the bank.

That really got my attention when I first saw it. Let me show you what I did to earn $60 in free money.

How to Sign Up for Virtual Bank

First: you must be referred by someone else to open an account to get the bonus. I have a bunch of account referrals left, so why not contact me or leave a comment on this post with your e-mail address asking for a referral?

Second: once you get the referral e-mail, click on the link to go to the Virtual Bank sign up / account creation page. This is just like opening up a regular bank account. You will need to provide your name, address, social security number, phone number, etc.

Third: fill in your checking account routing and account numbers that you plan to transfer the $100 to Virtual Bank from. (You can’t link a savings account — it must be a checking account).

Fourth: the account creation process can take up to three business days. VB will deposit two small amounts into your checking account (like 12 and 14 cents). You will use those amounts to verify your ownership of the checking account you linked to VB. Once you verify the account, the money is transferred to Virtual Bank and you are credited your $20.

I opened my account last month. See the evidence below:

So I earned 20.12% off of that $100 deposit.

How to Earn Referral Bonuses with Virtual Bank

It’s pretty simple really. You need a name and e-mail address to enter into the referral section of Virtual Bank’s website. Then go find 50 of your closest friends (or blog readers) and get them to sign up.

For every person who you refer, you earn $20 and they earn $20.

For Married Folks: Earn $60 Easily

An added little bonus for the married or seriously involved folks: refer your spouse. You earn $20 for the referral, and they do, too. But you share the money so it’s like you’re both earning a total of $60. You would need either a second $100 or wait until you can withdraw the original $100 deposit (after 30 days) and do it again.

A quick breakdown:

  • Open account with $100 after using a referral from No Debt Plan (total: $100)
  • Get $20 referral sign up bonus (total: $120)
  • Refer spouse. Earn $20 for referring spouse. (total: $140)
  • Spouse signs up with another $100. (total: $240)
  • Spouse gets $20 referral sign up bonus (total: $260)

End result? $200 turns into $260. That’s a 30% return and $60 for free.

Note that you do have to wait 30 days before you can withdraw the money, so don’t plan on just opening up an account and pulling the money straight out.

Should I Switch from ING Direct?

Let me be clear: I love ING Direct. I’m not leaving them. In fact if you don’t have an ING Direct account I can help you earn $25 or $50 in bonus money as well — just ask.

That begs the question, “Why open another online bank account?”

I’m glad you asked.

  1. I wanted to earn at least $60 for free. I’ll earn more if all of my nice readers sign up for accounts through me.
  2. I doubt ING Direct is going to collapse due to the financial crisis. However, it’s always nice to have a backup plan in place just in case. If something were to happen to ING I could move my money over to Virtual Bank with a few clicks of my mouse.
  3. Did I mention I wanted to earn $60 for free?

What are you waiting for? Shoot me an e-mail, leave that comment, and ask me for that referral!


Kym November 3, 2008 at 6:38 pm

I’ll take a referral link please!

Joe McDermott November 6, 2008 at 6:07 am

please refer me!

Lauri November 13, 2008 at 12:10 pm

I’d like a referral. Thanks!

preye Apere November 28, 2008 at 8:54 am

please do refer me cos i need a virtual bank account.Thanks

Zen Render December 19, 2008 at 1:51 pm

Does Virtual Bank send paper statements by request?

Zen Render December 19, 2008 at 3:27 pm

I’d like a referral. Thanks!

april brenchley December 31, 2008 at 2:20 am

I would like a referral.
Thank you…

cindy February 25, 2009 at 10:34 am

How long does it take to open an online account?

kisha Anne November 27, 2010 at 3:03 am

pls send me a referral…. THXs

Kevin November 27, 2010 at 8:11 pm

Unfortunately they are not accepting referrals at this time. Sorry about that!

fahad December 8, 2010 at 4:10 pm

Pls Refer me

divine achu August 1, 2011 at 9:38 am


Waiting for the info. on how to set-up my VBA.



nur October 18, 2011 at 8:04 am

please refer me… 🙂

lester October 24, 2011 at 1:34 pm

Refer me please

S. M. GOLAM SAMDANE November 3, 2011 at 12:20 am

please send me a referral link for sign up myself at thank you very much. waiting for your reply.

Tyler Ross November 22, 2011 at 8:45 pm

please refer me, Thank you

zyannn December 3, 2011 at 7:49 am

please sexy fucking pussy refer me mother fucker

MSid December 3, 2011 at 7:54 am

refer me!!!!!!!!!!!!!

jenny duang December 11, 2011 at 9:18 pm

please send link

vince January 12, 2012 at 7:51 pm

I’ll take a referral link please!

Joemar January 13, 2012 at 6:44 pm

Referral link Please!!

kendra conyers April 25, 2012 at 2:35 pm


dean June 1, 2012 at 1:28 pm

Hi i would like to try this also thanks

dean June 1, 2012 at 1:28 pm

hi i would like to try this thanks

didit June 6, 2012 at 6:48 pm

Referral link Please!!

muhammad jawad July 17, 2012 at 3:51 am

i want to try this

Kevin August 3, 2012 at 6:14 am

I would like to earn 20$ for leaving a comment as well as you . If you can get back to me I would like to ask a few questions .

Desiree Hairston November 13, 2012 at 2:07 pm

I would like to earn 20 dollars

Vincente H. November 23, 2012 at 2:02 pm

I would like to join.

Sion December 17, 2012 at 6:21 pm

Refer me plz xxxxxxxxxxx ta xx

kendra conyers December 18, 2012 at 2:55 pm

send me a referal

ken January 29, 2013 at 2:02 pm

I’ll take one, please email me all details

chrissie February 1, 2013 at 8:48 pm

do me one please

Shauntrell February 27, 2013 at 10:02 am

i would like a referral please

frankie March 10, 2013 at 11:33 am

Could you kindly send me one to my email please thank you…

John Belk April 17, 2013 at 7:08 pm

I am very interested!!

John Belk April 17, 2013 at 7:09 pm

Send me the link Please

craig croft June 24, 2013 at 8:06 am

thank u

edward mercer July 8, 2013 at 3:56 am

I want a refferal please

Martin Michaels August 18, 2013 at 4:49 am

Could u send a link please, if you don’t mind??

Chris Kilbourne September 4, 2013 at 8:48 pm

Please give me a referral.

sherese October 14, 2013 at 8:51 pm

Hi, can I get a link please!! Would really appreciate it

scott November 4, 2013 at 1:28 pm

can I get a referral ?

Kouevi Kangni November 29, 2013 at 10:02 pm

I would like to earn 20 dollars

Tatianna Bankston March 27, 2014 at 8:11 am

Hi , I Was Just Looking And I Want $20

Robert Ruiz April 22, 2014 at 12:15 am

Please send me $20 thank you

Jason April 28, 2014 at 9:33 am

Hi im jason. Im only looking for $20 thanks.

jb April 29, 2014 at 11:38 pm

I need some cash plz however much, thank you

Warren May 15, 2014 at 11:10 pm


William Marte May 25, 2014 at 9:02 pm

im interested and i really need it

Brittany June 2, 2014 at 12:10 am


Angelica Spallino September 27, 2014 at 5:51 pm

Just literally got kicked out, need help badly trying to get an apartment and stressing too much about not having money

Scott September 29, 2014 at 1:05 am

Please send me a referral, email: [email protected]

Alexis October 3, 2014 at 11:04 am

My i get a referral.

Quanisha November 14, 2014 at 7:16 am

Need money bad. Got a new born yo take care of and I’m unemployed

david cooper November 16, 2014 at 11:24 pm

What do i do?

darryus jackson December 18, 2014 at 10:08 pm

Please I need money ASAP for rent

TABITHA December 22, 2014 at 5:22 pm

link pls

Aliyah January 7, 2015 at 10:05 pm


Aliyah January 7, 2015 at 10:06 pm


zegory Musgrave January 13, 2015 at 2:36 am

I’d like to learn how to make easy money

Justin lee January 25, 2015 at 1:22 pm

Send me da link

alonzo marahall February 24, 2015 at 2:10 pm

How do I make the money?

brittany foster February 28, 2015 at 3:17 pm

i would like to send me the link plz

Roderick Blackmon March 6, 2015 at 2:26 am

I want to make free easy money.

katrice March 28, 2015 at 2:16 am

How would I get quick money

Elizabeth Clark April 24, 2015 at 9:58 am

I want to make quick and easy money

Elizabeth Clark April 24, 2015 at 10:00 am

Can you send me a link please

Lor Kwon April 27, 2015 at 9:29 am

Send mhe da link plz sir

jenia newman May 2, 2015 at 2:31 am

I would love to join

Madelyn Correa May 12, 2015 at 11:53 am

Please send me the referral link so I can join.

cherry May 20, 2015 at 2:38 am


stephan laura May 27, 2015 at 9:21 am

email send referrall

Shaikeem June 9, 2015 at 12:26 pm

I want a referral link

Shaikeem June 9, 2015 at 12:26 pm

Send me a link

Jamel June 18, 2015 at 9:04 am

I’d like to start to earn money through this virtual bank, I’m going through a rough time right now and could really use the help. Please and thank you, Jamel D.

Jess Leaphart June 22, 2015 at 4:46 pm

My momhas cancer i dont have any money i want to do this to help my mom out.

Jeannette Clark June 23, 2015 at 9:18 am

Need a account

Hailey A. Baker June 25, 2015 at 1:35 pm

I would like to have referrals to earn money into my account ASAP

chantell July 8, 2015 at 12:04 pm

hi looking for free money

Latosha Moore July 15, 2015 at 3:57 am

Hey there

Tamara Dykes July 25, 2015 at 5:40 am

Sounds like a winner please send me the link.

manish dhaked August 10, 2015 at 9:53 am

send my referral link..

manish dhaked August 10, 2015 at 9:53 am

send my referral link

Ashley August 19, 2015 at 4:24 pm

I wanna do this

Rachel henry August 25, 2015 at 2:03 pm

Hi I’m interested can u send me the referral and thanx in advance

Jamekia Williams September 1, 2015 at 7:09 pm

Hey I would really appreciate it if u can help me! I emailed you

Aaron September 15, 2015 at 3:20 pm


Michael sherfield September 16, 2015 at 4:17 am

Not sure how it works but interested. Letme know the catch

Lorenzo Wilson September 16, 2015 at 5:47 am

Referral link ..

princess September 20, 2015 at 2:32 pm


James September 26, 2015 at 2:45 am


So Jung Bae October 9, 2015 at 8:54 pm

I need referral link thank you and I really need twenty dollars from you

Gataha October 14, 2015 at 7:56 am

I need it now please

Steven paul Anderson October 28, 2015 at 3:54 am

I’m homeless please help me out I would love to eat

rickisha November 18, 2015 at 12:18 pm

i need a referal link please i could really use 1000 to rent a place for me and my siblings

Naim Little December 6, 2015 at 4:53 pm

Refer me

Ariee Lattimore December 26, 2015 at 11:52 pm

I am interested on how this works so please email me back

Scott December 28, 2015 at 2:34 pm

A free $20 eh I could use that

lateshia hill March 7, 2016 at 7:20 am

I would like a referral

amanda March 14, 2016 at 8:21 pm

i need money to help out my family plz thanks!

Tracy March 29, 2016 at 2:23 am

Thanks very much

Maurice McGee April 2, 2016 at 12:29 am

I Love to get a referral and 20$ please to help with bill

darcy April 13, 2016 at 2:14 pm

Hey is this real

Juli April 25, 2016 at 10:32 pm

Referral please

John Gant April 29, 2016 at 3:39 pm

Referral please

Debjani May 2, 2016 at 1:20 pm

Referral please!

Hriday Sarkar May 3, 2016 at 9:56 am

Send me the Referred Code

Hriday Sarkar May 3, 2016 at 9:56 am

Send me the Referred Code in my email

katelynn May 7, 2016 at 2:40 am

Send me the referral code please

.... May 11, 2016 at 4:39 pm

Send me the referral code

tarik frazier May 17, 2016 at 12:46 pm

Great way to make money

candice Ackerman June 17, 2016 at 10:51 am

I want to sign up

Aaron Scott July 8, 2016 at 8:25 pm

Please get me money now

Dani July 20, 2016 at 8:28 pm

hi please let me know how, i need some money !

Brandon Wood October 3, 2016 at 11:28 am

Send my 20? Can we can doing this process over and over?

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