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:

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.

SoFi : SoFi Checking and Savings

Bonus Amount
up to $250
Account Type
Personal Checking
Availability
Nationwide
Offer Expires
December 31, 2023
Bonus Requirements
  1. Open a new SoFi Checking and Savings account using the link below.
  2. Before the promotion ends, and within 25 calendar days of your first direct deposit, complete direct deposits to determine your bonus as follows: $1,000 - $4,999 in total direct deposits, earn $50; $5,000+ in total direct deposits, earn $250.
  3. Bonus will be credited within 7 business days of the end of the Direct Deposit Bonus Period.

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!

SoFi : Sofi Invest

Bonus Amount
up to $5000
Account Type
Investment
Availability
Nationwide
Bonus Requirements
  1. Open a new SoFi Invest account using the link below (or be an existing user).
  2. Before the promotion's expiration date, transfer investments from another brokerage firm: $5,000 to earn $50, $20,000 to earn $125, $100,000 to earn $250, $250,000 to earn $500, $500,000 to earn $1,000, $1,000,000 to earn $2,500, or $2,000,000 to earn $5,000.
  3. Bonuses will be paid within 14 days of the last day of the month in which the transferred assets settled in your SoFi Invest account.

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

SoFi : Sofi Invest

Bonus Amount
up to $100
Account Type
Investment
Availability
Nationwide
Offer Expires
December 31, 2023
Bonus Requirements
  1. Download the app using the link below.
  2. Open a new SoFi Invest Crypto account.
  3. Within 7 days, buy at least $50 in cryptocurrencies.
  4. Bonus will be credited to your account within 7 days of completing the requirements.

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.

SoFi : SoFi Checking and Savings

Bonus Amount
$75
Account Type
Personal Checking
Availability
Nationwide
Bonus Requirements
  1. Download the app using the link below.
  2. Open your own SoFi Checking and Savings® account.
  3. Share your SoFi Checking and Savings referral link with friends who are new to SoFi.
  4. Ensure referred individuals deposit at least $10 within 14 days.
  5. Bonus will be deposited into your SoFi Checking and Savings account.

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.

SoFi : SoFi Account

Bonus Amount
$15
Account Type
Investment
Availability
Nationwide
Bonus Requirements
  1. Download the app using the link below.
  2. Refer a friend (or be referred) using your specific referral link for a particular SoFi product.
  3. Follow the program rules highlighted on the website.
  4. Bonus will automatically be applied to your SoFi account(s).

Summary: SoFi's Current Bonuses

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

Account Account Type Amount Expires Requirements
SoFi Checking and Savings Personal Checking up to $250 Dec 31 Direct Deposit Details
Sofi Invest Investment up to $5000 Limited Time Min Balance Details
Sofi Invest Investment up to $100 Dec 31 Min Balance Details
SoFi Checking and Savings Personal Checking $75 Limited Time Min Balance, Referral Details
SoFi Account Investment $15 Limited Time Referral Details

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 : Sofi Invest

Bonus Amount
Free stock
Account Type
Investment
Bonus Requirements
  1. Open a new SoFi Invest account using a unique referral link.
  2. Fund the new account with $5,000.
  3. Pick your free "stock bit" ($50 worth of a fractional share), from a list of 100 popular companies.
  4. The stock bit will be credited to your account within 10 days.

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.

SoFi : Sofi Money

Bonus Amount
$100
Account Type
Cash
Bonus Requirements
  1. Open a new SoFi Checking & Savings account (formerly SoFi Money) using the link below.
  2. Before the promotion expires, receive direct deposits totaling $1,000 in a single month.
  3. Bonus will be credited to your account within 2 weeks of meeting the requirements.

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.

Find Out More About SoFi

Contact:

SoFi Mailing Address: 234 1st St
San Francisco, CA 94105
SoFi Website