How the Sharesies referral program works
Sharesies pays NZ$5 to the referrer and NZ$5 to the friend, in wallet credit. The friend must open an account within thirty days of first clicking the link and top up at least $5. Crucially the bonus cannot be withdrawn as cash — it must be used to make investments.
What the program pays
What makes this program different
A spend-locked reward. The credit is real money, but it can only be deployed inside the product. That converts the entire referral budget into assets under management rather than into withdrawals, and it means every reward paid also onboards the user into the core behaviour.
Why it works
A non-withdrawable bonus removes the cash-extraction incentive that drives most referral fraud.
Forcing the reward into an investment completes the activation step the product actually needs.
Running the identical programme in two currencies and regulatory regimes keeps the mechanic simple to explain.
What to copy
- If your product holds balances, make the reward non-withdrawable. Fraud economics change completely when the payout cannot leave.
- Design the reward so redeeming it *is* the activation event.
Sharesies referrals, answered
How much does Sharesies pay for a referral?
NZ$5 to each side in New Zealand and A$5 in Australia, credited within ten business days once the friend opens an account and tops up at least $5.
Can I withdraw the Sharesies referral bonus?
No. The terms state the bonus must be used to make investments and cannot be withdrawn as cash.
Sharesies is not a ReferralFlo customer and this page is not affiliated with, endorsed by, or sponsored by Sharesies. All terms described here are taken from Sharesies’s own published materials as at 4 August 2026 and may have changed since. Trade marks are the property of their respective owners.
Want a program like Sharesies’s?
ReferralFlo runs the mechanics on this page \u2014 tiered rewards, qualification rules, caps and payouts \u2014 without engineering time.