Facebook occasionally offers bonuses and rewards to users for various activities on the platform. If you’ve earned a bonus from Facebook, you may be wondering how to withdraw or claim it. Here’s what you need to know about withdrawing Facebook bonuses.
What types of bonuses does Facebook offer?
Some of the common bonuses offered by Facebook include:
- Referral bonuses – You get a bonus when you refer friends to join Facebook
- Engagement bonuses – You get a bonus for engaging with certain content types, like Live videos, Stories, etc.
- Research bonuses – You get a bonus for participating in Facebook research surveys and studies
- Bug bounty rewards – You get a bonus for reporting valid bugs on Facebook
- Sweepstakes & contest prizes – You get a bonus for winning contests hosted on Facebook
Where can I see my Facebook bonuses?
If you’ve earned any bonuses from Facebook, you can see them in your Payments Settings.
To access your Payments Settings:
- Click on the down arrow at the top right of your Facebook page
- Select “Settings & Privacy” from the menu
- Click on “Settings” in the left sidebar
- Select “Payments” from the list of settings
This will open your Payments Settings page. Look for the “Bonuses” section here. It will show any pending or available bonuses you’ve earned.
Withdrawing Facebook referral bonuses
One of the most common Facebook bonuses is the referral bonus you get when you invite friends to join Facebook. Here is how to withdraw your Facebook referral bonus:
- In Payments Settings, check if you have any pending referral bonuses under the “Bonuses” section.
- Click on “Manage Bonuses” next to referral bonuses section.
- This will open your referral bonuses page. Click on “Request Withdrawal” for any pending bonuses.
- Choose your withdrawal method – PayPal or check. If choosing check, enter your mailing address.
- Click on “Submit Request”. Facebook will review your request.
- Once approved, the bonus amount will be sent to your selected payment method within 7-14 days.
Important notes about Facebook referral bonuses:
- You must have at least $10 in pending referral bonuses to request a withdrawal.
- Referral bonuses expire after 1 year if not claimed.
- You can only withdraw referral bonuses, not engagement, research or other bonuses.
Withdrawing research & engagement bonuses
Research and engagement bonuses like those for Live videos, Stories, or survey participation must be withdrawn differently than referral bonuses. Here are the steps:
- In Payments Settings, check your available bonuses under the “Bonuses” section.
- Click the “Learn More” button next to research/engagement bonuses.
- This will open the Research Partner Program portal.
- Go to the Withdrawals tab.
- Enter your payment details – PayPal email or check mailing address.
- Enter amount you want to withdraw and click “Submit Withdrawal Request”.
- Facebook will review your request and process payment within 7-14 days if approved.
Important notes about research/engagement bonuses:
- You must have at least $5 in available bonuses to request a withdrawal.
- Bonuses expire after 1 year.
- You can only withdraw to PayPal or check, not your Facebook Pay balance.
Withdrawing bug bounty rewards
If you’ve earned bug bounty rewards by reporting valid bugs to Facebook through the Bug Bounty program, here is how to claim your payout:
- Go to the Facebook Bug Bounty page.
- Click on “My Submissions” in the right sidebar.
- Go to the “Submissions Qualified for Bounty” tab.
- Click on “Claim Reward via HackerOne” for any valid submissions.
- This will take you to HackerOne. Complete your HackerOne profile if you don’t have one.
- Go to settings and enter your payment details – PayPal or Bitcoin wallet.
- Facebook will review and process your payout within 45 days if approved.
Key notes about Facebook bug bounty rewards:
- Minimum payout is $500 for critical bugs.
- Rewards must be claimed within 90 days.
- You must have a HackerOne account to claim rewards.
Withdrawing Facebook Contest Prizes
If you win a contest hosted on Facebook, here is how to withdraw your prize:
- Wait for the contest host to contact you and provide prize claim instructions.
- The claim process varies by contest. Follow the instructions provided.
- For cash prizes, you may have to provide your payment details to claim the prize.
- Physical prizes will be shipped to your provided address.
- The contest host will provide a timeline for fulfilling the prizes.
Key things to note about Facebook contest prizes:
- Make sure to comply with all contest rules.
- Check the validity of any contests to avoid scams.
- Contests may take 6-8 weeks to fulfill and ship prizes.
- Prizes may be subject to taxes.
Can I withdraw Facebook bonuses to my bank account?
Unfortunately, you cannot directly withdraw your Facebook bonuses to a bank account. Here are the withdrawal options available:
| Bonus Type | Withdrawal Options |
|---|---|
| Referral Bonus | PayPal or Check |
| Engagement Bonus | PayPal or Check |
| Research Bonus | PayPal or Check |
| Bug Bounty | PayPal or Bitcoin |
| Contest Prizes | Varies by contest – PayPal, Check or Physical Prizes |
So you will need to have one of these withdrawal options set up in order to claim your Facebook bonuses.
Using PayPal
PayPal is the easiest way to withdraw and receive your Facebook bonuses quickly. To set up PayPal:
- Go to PayPal.com and create an account if you don’t have one.
- Add your bank account, debit card, or credit card as a payment source.
- Choose your preferred withdrawal currency.
- Make sure to verify your PayPal account by linking your bank/cards.
Once set up, you can use your PayPal email to instantly withdraw Facebook bonuses for free.
Using Checks
You can also choose to withdraw Facebook bonuses by check mailed to your address. To use this method:
- When submitting your withdrawal request, enter your complete mailing address.
- Make sure your address is up-to-date and accurate.
- Checks can take up to 2 weeks to receive by mail.
- There may be a fee for check withdrawals depending on amount.
Physical checks are slower but still a secure withdrawal method for Facebook bonuses.
Are there fees for withdrawing Facebook bonuses?
There are no fees for electronic withdrawals of Facebook bonuses to PayPal. However, check withdrawals may incur a fee depending on the amount:
- Withdrawals under $50 – $2 fee per check
- Withdrawals between $50 to $100 – $5 fee per check
- Withdrawals over $100 – No fee
These check withdrawal fees are subject to change, so make sure to review the fees before submitting your withdrawal request.
Tips to avoid withdrawal fees:
- Set up a PayPal account to withdraw for free.
- Accumulate your bonuses until you have over $100 before withdrawing by check.
- Withdraw to Bitcoin wallet through HackerOne for bug bounties.
Are Facebook bonuses taxable?
Most bonuses and rewards from Facebook are considered taxable income, meaning you may owe taxes on the amounts if they exceed certain thresholds. Some key points on taxes for Facebook bonuses:
- Referral bonuses are taxable if over $600 in a year.
- Engagement bonuses are taxable if over $600 in a year.
- Bug bounty rewards over $600 are taxable.
- Sweepstakes & contest prizes may have up to 25% tax withheld.
To prepare for tax time, be sure to keep records of any Facebook bonuses you earn and withdraw during the year so you can accurately report the income if required.
Receiving a 1099 tax form
If you earn over $600 in total taxable bonuses from Facebook in a year, you will receive a 1099 tax form to report the income. Here is what to expect if you get a 1099 from Facebook:
- Forms are sent by January 31 for previous year’s income.
- The 1099 will show total bonuses withdrawn in Box 3.
- You must report 1099 income on your tax return.
- Taxes are not withheld from 1099 income.
Make sure to factor in any 1099 income from Facebook bonuses when filing your taxes to avoid penalties.
Mini tables visualizing key data
| Bonus Type | Minimum Payout | Expiration |
|---|---|---|
| Referral Bonus | $10 | 1 year |
| Engagement Bonus | $5 | 1 year |
| Research Bonus | $5 | 1 year |
| Tax Form | Threshold | Deadline |
|---|---|---|
| 1099-MISC | $600 | January 31 |
Is there a time limit to withdraw Facebook bonuses?
Yes, Facebook bonuses do expire if not claimed within a certain timeframe:
- Referral bonuses – Expire after 1 year
- Engagement bonuses – Expire after 1 year
- Research bonuses – Expire after 1 year
- Bug bounties – Must be claimed within 90 days
- Contest prizes – Varies by contest, but typically 6 months or less
So make sure to withdraw any bonuses you earn in a timely manner before they expire. You can always see expiration dates for your available bonuses in your Payments Settings.
If a Facebook bonus expires before you can claim it, unfortunately that money is forfeited. There is no way to recover expired bonuses.
Tips to avoid bonus expiration:
- Set reminders to withdraw bonuses every 6-9 months.
- Withdrawreferral bonuses as soon as you hit the $10 threshold.
- Withdraw research bonuses frequently in smaller amounts.
- Claim bug bounties as soon as they are awarded.
Can I transfer Facebook bonuses to someone else?
No, Facebook’s bonuses and rewards cannot be transferred to other users or accounts. They are strictly for your own use and withdrawal only. Here are some key policies regarding transferring bonuses:
- Referral bonuses can only be withdrawn by the user who earned them.
- Engagement and research bonuses are tied to your personal account.
- Bug bounty payouts can only be made to the account that submitted the report.
- Contest prizes are non-transferable.
Attempting to sell, trade, or otherwise transfer Facebook bonuses is prohibited and can get accounts suspended. All bonuses should only be withdrawn to payment methods in your own name.
What happens if I deactivate my Facebook account?
If you choose to deactivate or delete your Facebook account, here is what happens to any unpaid bonuses:
- Deactivation – Bonuses are saved for if you reactivate your account.
- Permanent deletion – Unpaid bonuses are forfeited and cannot be recovered.
To avoid losing your bonuses if deleting Facebook, first make sure to withdraw all available balances via PayPal, check, etc.
I can’t withdraw my bonus – what should I do?
If you are having issues withdrawing a Facebook bonus, here are some troubleshooting tips:
- Make sure you’ve met the minimum withdrawal threshold for that bonus type.
- Check if the bonus has expired and can no longer be claimed.
- For referral bonuses, verify the recipient activated their account.
- Make sure your payment details are properly entered and verified.
- If withdrawing to PayPal, log into your PayPal account to confirm no pending transfers from Facebook.
- For bug bounties, check for emails from HackerOne regarding payout status.
- Wait the full estimated 7-14 days for Facebook to process the withdrawal.
If you still cannot withdraw after troubleshooting, contact Facebook Payments Support through your Payments Settings page for further assistance.
In Conclusion:
Withdrawing Facebook bonuses takes just a few simple steps once you’ve earned them. The key things to remember are:
- Each bonus type has different claim requirements and expiration periods.
- Withdrawing via PayPal is fastest, while checks take longer.
- Most bonuses are taxable if over $600 in a year.
- Bonuses cannot be transferred and will be forfeited if you delete your account.
- Make sure to withdraw bonuses before they expire.
Refer to your Payments Settings frequently to monitor available bonuses and submit timely withdrawals. With proper planning, you can easily withdraw any rewards you earn from Facebook activities and engagement.