As part of their Amplify Collab benefits, our partner organizations can receive a one-time donation of $1,500. This stipend can be to a nonprofit of their choosing, or, if they are themselves a nonprofit, a donation directly to them. In this article, we will provide some additional information on how our Collab partners can qualify for this one-time donation during their 12-month agreement period.

Key Takeaways:

• Amplify Collab partners are eligible to receive a $1,500 donation.
• To qualify, partners must refer at least five (5) members who meet the following qualification criteria outlined below. 
• To learn more, please contact our team at collab@goamplify.com.

How does my organization qualify for the one-time donation?

To qualify for the referral donation, a partner must refer at least (5) qualifying members during the 12-month agreement period to Amplify. This 12-month period begins once the agreement has been signed.

These referrals must meet the following criteria:

• The referral must have an active savings account.
• The referral must have an active checking account.
• The referral must be eligible to receive their individual deposit bonus, meaning they have deposited via ACH a minimum of $1,000 a month for three consecutive months.

Here are two examples of how a member might count towards your referral benefit:

• John is an employee of your organization. He opens a checking and savings account at Amplify through the referral website and switches his payroll direct deposits to the credit union. His paychecks are deposited into his account every two weeks.
• Jane is a member of your community. She works in a service industry position and regularly receives payments from her clients via Venmo. She opens a checking and savings account at Amplify through the referral website and links her Amplify checking account directly to Venmo. Because her Venmo account is connected to her bank account (not her debit card), any deposits she makes from Venmo to her checking account count as qualifying ACH activity.

In these scenarios, both John and Jane would count towards your five (5) referred members if they deposit $1,000 or more for three consecutive months.

Will Amplify accept cash or check deposits to meet referral benefits? 

Not at this time. To qualify for the donation incentive, the program tracks at least $1,000 in ACH (electronic) deposits for three consecutive months. This focuses on electronic payments because ACH activity reflects ongoing payment relationships and helps ensure the program supports long-term banking engagement.

Cash and check deposits are still welcome and valuable to your Collab relationship, they just aren’t included in the ACH measurement for this specific program requirement.

How will we be notified that we are eligible for the donation?

Referred members qualify for their benefits at the end of each month. After a fifth referral from your organization has completed their qualifying activities, Amplify will contact you at the beginning of the following month. You can then arrange which external organization should receive the donation, or if you would like the donation applied to yourself (if you are a nonprofit).

Will our organization be eligible for the donation if we renew our agreement?

Yes. Eligible partners can receive a $1,500 donation once per agreement. If your organization meets the conditions under your current agreement and decides to renew for another 12-month period, you can meet the eligibility requirements again to receive another $1,500 donation.

How can I determine how many referred members have qualified during the contract term?

We want to stay in touch about a successful partnership, but if you want to learn more in between discussions, email us at collab@goamplify.com and we are happy to let you know your referral counts.