Nope, it doesn't. The friend just needs to have invested at least £500 within 120 days of opening their new Dodl LISA, ISA or Pension. The cash for this investment can be added in a few payments, or in one go, including a transfer from another provider. Remember though, the first one-off payment to a Dodl account needs to be a minimum of £100.
Before the gift card is sent, Team Dodl will do one final check to make sure the new account has invested is at least £500, otherwise the gift cards won't be sent (sorry!). Check the T&Cs for more details.
Please note: The referred friend must have opened an eligible Dodl ISA, LISA or Pension by 31 July 2026. Customers opening accounts after this date are not eligible for the offer.