Revolutionmoneyexchange offering $25 to open account

February 26, 2008 · Posted in Making Money Online, Personal Finance, Saving Money · 9 Comments

**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!