SoFi Promotions & Bonuses in May 2025

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 account fees, above-average interest rates, a highly rated mobile app, and an ATM network that provides free access to more than 55,000 ATMs.

Your money is FDIC insured. Plus, you can access additional insurance up to $3M on deposits through a seamless network of participating banks.

Current SoFi Promo Codes & Bonus Offers

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

SoFi Checking and Savings

Bonus Amount
up to $300
Account Type
Personal Checking
Availability
Nationwide
Offer Expires
January 31, 2026
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 $300.
  3. Bonus will be credited within 7 business days of the end of the Direct Deposit Bonus Period.
Apply Now

at SoFi

Full Offer Details

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.
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at SoFi

Full Offer Details

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).
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at SoFi

Full Offer Details

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 $300 Jan 31 Direct Deposit 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 right now.

Check back often as SoFi may revive these deals or offer similar promotions in the future. In the meantime, it can sometimes be helpful to compare SoFi's current bonuses to their previous deals.

Sofi Invest - up to $100 bonus (Expired)

Expired: December 31, 2023

SoFi previously offered up to $100 for opening a Sofi Invest account.

To earn the bonus, you needed to:

  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.

Sofi Invest - Free stock bonus (Expired)

SoFi previously offered Free stock for opening a Sofi Invest account.

The steps to earning this bonus were:

  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 previously offered $100 for opening a Sofi Money account.

Earning this bonus required you to:

  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.

Sofi Invest - up to $10000 bonus (Expired)

SoFi previously offered up to $10000 for opening a Sofi Invest account.

The requirements for this bonus were:

  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 $100, $25,000 to earn $200, $100,000 to earn $500, $250,000 to earn $750, $500,000 to earn $1,000, $1,000,000 to earn $2,500, $2,000,000 to earn $5,000 or $5,000,000+ to earn $10,000.
  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.

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 of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit.
  • If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.
  • SoFi members with Eligible Direct Deposit can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% 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 1/24/25. There is no minimum balance requirement. Additional information can be found at https://www.sofi.com/legal/banking-rate-sheet.
  • SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Only SoFi Plus members are eligible for other SoFi Plus benefits. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% 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 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at https://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus
  • 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.
  • SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.
  • Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with Eligible Direct Deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage.