Revolutionmoneyexchange offering $25 to open account

February 26th, 2008 · 9 Comments

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**UPDATE 9/24/08: There is no longer a $25 sign-up bonus, but there is still a $10 referral bonus. If you would be so kind as to consider using the button below to sign up, I would greatly appreciate it!

If you’re tired of Paypal fees, you may want to take a look at revolutionmoneyexchange.com as an alternative. They are a scaled-down version of Paypal, and allow you to transfer money for free to other account holders as well as to and from your own bank account. They are FDIC insured, and according to their website, there are the following account limits:

Current transaction limits:

MoneyExchange has a maximum sending limit of $1000 per day, not to exceed $2500 per calendar month.
MoneyExchange has a maximum receiving limit of payments to your MoneyExchange account or electronic transfers from your linked bank account of $1000 per day, not to exceed $2500 per calendar month.
You can add money to your MoneyExchange account and withdraw money to your bank account up to 30 times per month.
You can maintain an aggregate account balance of up to $2500 at any one time.

This will be a nice alternative to Paypal for my husband and I, as we currently cannot transfer money to each other (between checking accounts) without incurring fees. We do have joint ING savings accounts, but it takes awhile for the money to get from one location to the other. I will be interested in testing the transfer time between our checking accounts using revolutionmoneyexchange.

On the plus side, I did notice that you could easily cancel your account under the “help” tab once logged in. The only disadvantage that I see right now is that the money does not earn interest while sitting in the account.

They are currently offering $25 for free if you sign up for an account - mine showed up immediately after signing up, before I even entered my bank account information. Also, they are giving a $10 referral bonus. If you want to be really nice and spread some good karma, please leave a comment with your e-mail and I will send you a referral e-mail asap.

What do you plan to do with your $25 if you sign up? I am going to use mine to help with those $700 plane tickets we just purchased!

9 responses so far ↓

1 Paul E. Zimmerman (Who am I?) // Feb 26, 2008 at 10:18 am
Great find! I hope my forex broker incorporates this payment alternative into their funds management system in the future. Paypal is convenient, but the fees are ridiculous!

Please send me an invite at paul at paulezimmerman dot com. Thanks!

Paul E. Zimmerman’s last blog post..Chantix: You’ve Had Your Fun, Now Quit
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3.0
2 moneyloveandchange (Who am I?) // Feb 26, 2008 at 12:42 pm
Thanks Paul! I just sent the invite - please let me know if you do not get it.
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2.5
3 mee mOe (Who am I?) // Feb 26, 2008 at 12:56 pm
I’m really impressed with your blog, NICE…and I find it very informative…I subscribed and I would like to run my Encard to advertise on your blog. Its about struggling single parents, finances, diary, and daily things. Have a great day !!!
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2.9
4 Anna (Who am I?) // Feb 26, 2008 at 3:34 pm
Can you take that $25 and move to your bank soon as you get it? I hope this is just temp promo, because can be very costly in the long run.
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2.8
5 moneyloveandchange (Who am I?) // Feb 26, 2008 at 9:21 pm
Mee Moe,

Thanks so much for the kind comments and support! I did send you a referral e-mail in case you wanted one.

Take it easy, and I will check out your blog soon!
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2.5
6 Paul E. Zimmerman (Who am I?) // Feb 27, 2008 at 2:23 am
So far I haven’t gotten the invite. Do you know if they happen to be slow? It would probably be best to send it again, just in case.

Paul E. Zimmerman’s last blog post..When the Sun Shines on My Work
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3.0
7 moneyloveandchange (Who am I?) // Feb 27, 2008 at 12:55 pm
Hi Paul,

Thanks for being so patient! I sent another invite to you, as well as one to my husband’s email account as a test. He got his right away. I hope this helps - please let me know if you continue to have problems.
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2.5
8 moneyloveandchange (Who am I?) // Feb 27, 2008 at 1:05 pm
Anna,

You can register your bank account with the site at the same time you sign up, but you do have to wait a couple of days to verify your bank account (they make 2 small deposits into your account, and you have to tell them the amount before your account is verified). After that, you can withdraw the $25 dollars and place it in your bank account, which takes 2-3 business days.

Please let me know if you have any other questions! I’ll send you an invite in case you are interested.
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2.5
9 Shaun Apple (Who am I?) // Sep 22, 2008 at 10:38 am
Please send me an invite

loveacrossborders (at) gmail (dot) com
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3.6 (1 person)