It’s true that such program is not very common among traditional banks…
On the other hand, you’ve probably seen that Revolut, a digital bank offering great services, has grown very fast in Bulgaria thanks to a similar referral program.
So, it’s difficult to make a general statement as referral programs with monetary reward can be used to promote great products or bad ones.
At Klear, we believe that such medium is aligned with the P2P lending model, where we directly connect people, cut the cost of expensive intermediaries, and give maximum value to both sides of the platform.
Finally, our customers who used our service are in the first line to judge if Klear is giving great conditions. We’re convinced that they will share only if they truly believe it. The bonus can help to trigger the recommendation, but it is not the main reason.