Finder Earn | Get up to 6.01% p.a. return on your capital

No fees or foreign exchange risk.

There are no fees when using Finder Earn, whether you’re adding funds, converting, allocating or withdrawing capital. Convert your dollars or TAUD at an exchange rate of $1 AUD = 1 TAUD.

Earn with as little as $25.

You can get started with Finder Earn with as little as $25, or up to a current maximum balance of 100,000 TAUD (equivalent to $100,000 AUD).

Withdraw when you want.

Finder Earn lets you deposit, allocate and withdraw your capital and earnings at any time.

Start Earning in under 5 minutes.

Set up and allocate capital in Earn wallet with a couple of taps of your smartphone.

How does Finder Earn work?

In times of high inflation, it’s important that your capital is working hard for you. With no fees, daily payouts and no lock-up periods, Finder Earn is a convenient way to get a better return on your capital.

When you use Finder Earn, you convert your Australian dollars into TAUD stablecoins and these TAUD stablecoins are then lent to us. In exchange for lending us your capital (that is, your TAUD stablecoins), we pay you a fee of 4.01% p.a.

Finder Earn members with balances above 10,000 TAUD will get a 6.01% p.a. return on their entire Earn balance until 1 July 2022. This 6.01% p.a. is made up of 4.01% p.a. base rate and a 2% bonus rate. The bonus 2% p.a. will be paid out daily on Earn balances that hold 10,000 TAUD or more throughout the promotion period from 4 May 2022 until 11:00 am on Friday 1 July 2022.

The minimum deposit is $25 and the maximum balance you can hold is currently set to 100,000 TAUD. Once your Finder Earn balance reaches 100,000 TAUD, you will no longer be able to convert and transfer additional capital, but this does not limit the daily TAUD earnings that will be paid into your Finder Earn balance, and your earnings will continue to accrue and compound each day.

Finder Earn is not a banking product or a savings account, and we are not investing on your behalf or managing your capital. It is offered exclusively through the Finder app and powered by Finder Wallet Pty Ltd.

What are the risks?

It’s important to understand that Finder Earn does not come without risk. When you lend us your capital, you transfer ownership of the TAUD stablecoins to us. If we become insolvent or subject to hacking or some other cybersecurity event, then you may incur partial or total loss of the capital. If we become insolvent, you will be an unsecured creditor in relation to your capital and any accrued returns.

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Frequently asked questions

• 
  How do I get Finder Earn?
  
  

  Finder Earn is available exclusively through the Finder app. In order to use it, you’ll first need to download the Finder app, and will then need to create your account. Once your account is set up, you’ll need to verify your identity and set up your Finder Wallet to use Finder Earn.

  You can set up your Finder Wallet directly from the app, just make sure you have your personal ID info handy:

  1. Head to the “Wallet” tab.
  2. Tap “Set up your wallet”.
  3. Tap “Continue”.
  4. Choose which ID you’d like to use.
  5. Enter the required information.
  6. Confirm the information is correct and agree to the terms and conditions.
  7. Tap “Looks good, verify my identity”.

  Your identity should then be confirmed and your Finder Wallet will be ready to go. If your identity fails to be verified you may need to provide another form of ID. If you’re still having issues, please reach out to us.

  Once you’ve verified your identity and set up your wallet, you can then add funds to your account by following these steps:

  1. Head to the “Wallet” tab.
  2. Tap “Add cash”.
  3. Choose which payment method you’d like to use and submit the payment. You can deposit funds via PayID or bank transfer.
  4. Once you’ve done so, tap “I’ve done this”.
  5. Once your deposit has been confirmed, your funds should appear under your “Cash balance”.

  Deposits made using PayID should appear in your Wallet immediately, but you may have to wait 1 business day for your first deposit to clear. If you deposited funds using bank transfer, you may need to wait up to 3 days for the funds to appear.

• 
  How do I start using Finder Earn?
  
  

  1. Set up your Finder Wallet and add funds using the instructions above.
  2. Head to the “Wallet” tab.
  3. Tap “Transfer”.
  4. Review the terms and tap “Understood”.
  5. Choose the AUD amount you want to transfer and then tap “Transfer and Convert”.
  6. Tap “Done”.
  7. Your funds have now been converted to TAUD and then allocated to Finder Earn and will start earning automatically.
  8. You can view your Earn balance and earnings at any time on the “Wallet” tab.

• 
  Can you show me an example of Finder Earn in action?
  
  

  Getting started

  1. Eli has $10,000 AUD to deploy.
  2. She deposits that money into her Finder Cash Wallet.
  3. She transfers $10,000 AUD from Finder Cash into Finder Earn.
  4. Transferring to Finder Earn means that Eli:
     • converts her $10,000 AUD into 10,000 TAUD stablecoin; and
     • lends Finder Wallet the $10,000 TAUD in order to earn a return.

  Earning

  1. After one year, assuming Eli doesn’t add to or withdraw from her $10,000 TAUD Earn balance, her total annual return will be $409 TAUD.
  2. This is a result of earning a fixed rate of 4.01% p.a., including the compounding effect of the return being paid to Eli’s Earn balance each day (including weekends).
  3. The payout process is as follows:
     • Eli’s payout is based on her Finder Earn balance at the time of calculation on a given day;
     • the return is paid in TAUD each day into Eli’s Earn balance; and
     • each payout increases Eli’s Earn balance.
     • The implication here is that Eli automatically re-lends any “earned” capital to Finder Earn, unless she decides to transfer earnings out of her Finder Earn balance.

  Cashing out

  1. Eli can partially or fully end the loan at any time by converting an amount of her TAUD Earn balance back into AUD. She can do this conversion by transferring capital from her Earn balance to her Cash balance (including any return she has earned).
  2. She can then withdraw from her Cash balance to her personal bank account.

• 
  Does Finder Earn impact my credit history?
  
  

  No, using Finder Earn will have zero impact on your credit score and will not appear in your credit history.

• 
  How easy is it to transfer and withdraw?
  
  

  We want to improve the standards of what flexible products can mean. As a result, there is no lock-up period when using Finder Earn. You’ll be able to transfer in and out of Finder Earn when you want. Transfers out of your Earn wallet to your Cash wallet are generally processed instantly. During periods of high demand, transfers out from your Earn wallet may take longer to process.

  Withdrawals from your Finder Cash wallet to your bank account are generally near instant provided your bank supports the New Payments Platform (NPP). Withdrawals may otherwise take up to 3 business days to process if your bank doesn’t support NPP, or where affected by third party delays such as system maintenance or banking holidays.

  Large conversions and transfers out of your Finder Earn wallet to your Cash wallet, or withdrawals to your bank account, may also require extra processing times in line with our security, risk and fraud prevention protocols.

  You are always welcome to reach out to our support team via the settings tab within the app if you have any questions or issues.

• 
  Why does Finder Wallet want to borrow my capital?
  
  

  Right now, there’s immense innovation happening in the emerging areas of blockchain technology and cryptocurrencies. But because so much is so new, taking advantage of these burgeoning areas of opportunity is complex and often requires sophisticated tools and deep cryptocurrency experience.

  We’ve been operating in the space officially since 2017 but our team goes much further back than that. We want to bring the benefits unlocked by new blockchain technology to you, cutting away as much complexity as we possibly can in the process. We intend to deploy the capital lent to us across the blockchain ecosystem in a long-term, sustainable and risk-balanced way, but it’s important to understand this is not connected to the returns we pay you.

  Any benefit generated by Finder Wallet’s use of the borrowed funds is for the sole benefit of Finder Wallet, and not the lender. What this means is that Finder Wallet has the full discretion of how it will use the capital it has borrowed from lenders.

  Most importantly, the fixed rate we will pay lenders is made available regardless of the returns (or losses should they occur) on the capital we’ve borrowed. That is to say that where any activity is undertaken by the business to generate a return on borrowed capital for the sole benefit of Finder Wallet Pty Ltd, this is separate to, and removed from, our obligation to pay a return.

• 
  How long will I receive the 4.01% p.a. return?
  
  

  We will pay you a fixed fee of 4.01% p.a.

  Importantly, there is no lock-up period, so if you’re not happy with what we’re offering, you will have the choice to convert back from Finder Earn into Australian dollars within the wallet at any time, with no fees.

  We will provide 14 days’ advance notice of any changes coming into place.

• 
  How long will I receive the 6.01% p.a. return?
  
  

  The bonus 2% p.a. will be paid out daily on Earn balances that hold 10,000 TAUD or more throughout the promotion period from 4 May 2022 until 11:00 am on Friday 1 July 2022. The bonus rate will apply to the entire balance.

• 
  What does Finder Wallet do? Is it a reputable company?
  
  

  Finder Wallet Pty Ltd is part of the Finder Group. The Finder Group includes Finder.com.au, Australia’s most visited comparison site, as well as the Finder app which is used by hundreds of thousands of Australians.

  Finder’s comparison services operate in 83 countries with over 400 employees, with 9.7 million visitors a month worldwide.

  Finder Wallet Pty Ltd is an AUSTRAC registered Digital Currency Exchange and reporting entity (AAN: 100735494). Finder Wallet is an arm of the Finder Group specialising in blockchain technology. Finder Wallet currently operates the Finder app’s cryptocurrency trading and wallet services.

  FINDER EARN, POWERED BY FINDER WALLET PTY LTD, IS NOT OFFERED UNDER AN AUSTRALIAN FINANCIAL SERVICES LICENCE (AFSL). FINDER WALLET PTY LTD IS NOT A BANK AND DOES NOT OFFER BANKING SERVICES. BANKS ARE COVERED BY A GOVERNMENT DEPOSIT GUARANTEE. FINDER WALLET SERVICES ARE NOT COVERED BY THE AUSTRALIAN GOVERNMENT GUARANTEE ON DEPOSITS.

  About our team

  Previously, the Finder Wallet team launched and operated Australia’s largest over-the-counter cryptocurrency brokerage at the time, successfully managing over $160 million in trading volume prior to that business being acquired.

  The Finder Wallet team also created the Finder app, the personal finance tool used by hundreds of thousands of Australians, and the exclusive destination where Finder Wallet services can be accessed.

• 
  How does Finder make money?
  
  

  At Finder, we’re committed to providing you with free, current and accurate information to help you make better decisions. Making that happen involves the work of hundreds of staff members and the use of complex technology. To do that, we rely on the support of our readers and our commercial partners to help us meet the costs of delivering our services to you.

  We make money through a mix of commercial partnerships, content sponsorship and display advertising. If you decide to click on a link on Finder that leads to a third-party website that we have a commercial arrangement with or fill out a form to arrange a call with a partner (like a mortgage broker or health insurer), we may earn referral fees.

  Read more about how Finder makes money.

If you want to know more about Finder Earn, you can check out our full FAQs here.

We have an exciting new product called Finder Earn. Please note that Finder Earn is not a banking product and involves lending cryptocurrency to Finder Wallet. Finder Wallet is not a bank. Terms and conditions apply. Crypto trading and Finder Earn products are made available in the Finder App, powered by Finder Wallet Pty Ltd, an AUSTRAC registered Digital Currency Exchange (DCE). Trading and holding cryptocurrency has a high level of risk. Cryptocurrency is a volatile asset class. You can incur losses. You should only trade cryptocurrency or related products if you fully understand, and agree to, the risks. We suggest you seek independent financial advice prior to accessing our services.