For you and your friend to qualify for the referral bonus, your friend must not have previously signed up to Raiz. Once they have determined if Raiz is suitable for them they should created their account, and once it has been approved, your friend must activate it by making an initial investment of $5 or more. But it is important that they read the product disclose statement (PDS), especially the risk and fee section and determine if Raiz is a suitable product for them. Once they have made their first successful investment and it is showing in their Raiz balance, you will both receive the $5 referral bonus automatically into your Raiz accounts within 5 business days.