SoFi Promotions and Bonuses

Social Finance Inc., most commonly known as SoFi, is an online personal finance company out of San Francisco.

SoFi is best known for offering competitive student loan refinancing rates. The growing fintech firm now offers financial products like personal loans, credit cards, and an investment platform.

The neobank has no fees, above-average interest rates, a highly rated mobile app, and an ATM network that provides free access to more than 55,000 ATMs.

Current Best SoFi Promotions

Here are the active SoFi bonuses that you can benefit from today:

• SoFi Checking and Savings: up to $250 bonus
• Sofi Invest: up to $5000 bonus
• Sofi Invest: up to $100 bonus
• SoFi Checking and Savings: $75 bonus
• SoFi Account: $15 bonus

1. SoFi Checking and Savings - up to $250 bonus

SoFi is offering new and existing SoFi Checking & Savings customers up to a $250 bonus. You'll need to set up direct deposit, but you'll have until the promo ends to complete one.

From there, you'll have 25 calendar days (or until the end of the promotion, whichever happens first) to accumulate direct deposits towards the total that will be used to determine your bonus. This is still setup as a tiered bonus, the more you direct deposit, the more you'll earn.

2. Sofi Invest - up to $5000 bonus

SoFi is offering customers a cash bonus to move your portfolio over to SoFi. The bonus is tiered, and you'll need to transfer $2 million in assets to earn the full $5,000 (steep!), but the bonus starts at $50 for transferring $5,000.

Keep in mind that although SoFi will pay out the bonus within 14 business days of the end of the promo period, they'll claw it back if you withdraw those funds within 180 days. They'll even refund up to $75 in ACAT fees from your other brokerage!

3. Sofi Invest - up to $100 bonus

Available nationwide, SoFi is offering up to a $100 welcome bonus when you open a new SoFi Crypto account and buy at least $50 in cryptocurrency. This is a tiered bonus, the bonus payout is determined by the amount of your first purchase of Crypto.

The tiers are as follows:

• Tier 1 | First Trade: $50 - $99.99: $10
• Tier 2 | First Trade: $100 - $499.99: $15
• Tier 3 | First Trade: $500 - $4,999.99: $50
• Tier 4 | First Trade: $5,000+: $100

4. SoFi Checking and Savings - $75 bonus

Give $25 get $75 is the new SoFi Checking and Savings® referral bonus. Just share your link and you'll both be rewarded when they sign up for an account and make a $10 deposit within 14 days. Claim your $25 today using the link below and start earning.

5. SoFi Account - $15 bonus

SoFi is offering a $15 welcome bonus for you and a friend when you refer someone to open a new SoFi account. This bonus is available across most of their products, including: SoFi Money, SoFi Invest, SoFi Loans and a SoFi credit card. You can receive up to $75 total. This isn't exactly the highest bonus we've seen from them, so you'll have to decide if now is the right time or to hold out for something a little more enticing.

It's important to note too that each program has its own set of rules, each of which is outlined on their referral website linked below.

Summary: SoFi's Current Bonuses

Here’s a recap of the current SoFi promotions and offers that you can claim right now:

Expired Offers From SoFi

These bonuses were recently offered by SoFi, but are not available at this time. Check back often as SoFi may revive these deals or offer similar promotions in the future.

Sofi Invest - Free stock bonus (Expired)

Sofi Money - $100 bonus (Expired)

SoFi is offering new and existing SoFi Checking & Savings (formerly SoFi Money) customers a $100 bonus. You'll need to set up direct deposit, but you'll have until the promo ends to complete one. It's not the largest bonus we've seen for sure, but it's available nationwide and you can open the account online, so it may still be worthwhile.

This offer is also available for Samsung Money by SoFi accountholders as well.

Additional Disclosures:

• New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus when they set up Direct Deposit of at least $1,000 during the Direct Deposit Bonus Period. Cash bonus will be based on the total amount of Direct Deposit. Direct Deposit Promotion begins on 01/01/2023 and will be available through 12/31/23. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.
• SoFi members with Direct Deposit can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the 4.50% APY for savings (including Vaults). Members without Direct Deposit will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 8/2/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
• We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.