SoFi Checking and Savings $75 Referral Bonus

SoFi logo

SoFi : SoFi Checking and Savings

$75

2.9

BankBonus.com score

Availability

Ease

Amount

Fees

Offer Expires In

Limited Time Offer

How To Earn The Bonus

  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.

Available in Your Area?

Yes

Monthly Fees?

No

Open Online?

Yes

Credit Pull?

Unknown

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.

How To Earn The Bonus

The SoFi Checking and Savings promotion requires you to deposit and maintain a minimum balance and use a referral link in order to earn the $75 bonus (step-by-step breakdown is listed above!).

As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.

The fine print

Please refer to the institution's website for any terms and conditions that may apply.

How does this personal checking offer from SoFi compare?

To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:

PNC

Virtual Wallet®

Bonus
up to $400
Account Type
Personal Checking
Expires In
35 days
Requires
  • Direct Deposit

TD Bank

Beyond Checking

Bonus
$300
Account Type
Personal Checking
Expires In
219 days
Requires
  • Direct Deposit

U.S. Bank

U.S. Bank Smartly® Checking

Bonus
up to $700
Account Type
Personal Checking
Expires In
31 days
Requires
  • Direct Deposit
  • Min Balance (optional)

Why SoFi?

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.

SoFi Checking and Savings

SoFi Checking and Savings offers a highly competitive interest rate and no monthly account fee. Keep in mind that you'll need to make a direct deposit each month to qualify for the max interest rate.

The account has several cool features.

First, it's essentially an "all-in-one" account, allowing you to use it as both a checking and savings account. Within the separate savings account, you can create "vaults", which allow you to save for different goals. You can have as many as 20 vaults.

Second, the account features an automated savings roundup, which automatically rounds your debit card purchases to the nearest dollar and puts the difference into one of your saving vaults.

Lastly, SoFi Bank is a member FDIC and provides up to $250,000 of FDIC insurance per legal category of account ownership, as described in the FDIC's regulations. With that said, additional FDIC insurance up to $2 million is provided by the SoFi Insured Deposit Program, a seamless network of participating banks.

Fees

SoFi Checking and Savings does not charge a monthly maintenance fee.

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 4.60% 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 4.60% 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.

Share Your Thoughts or Questions

There have been 1 comment about the SoFi Checking and Savings $75 Referral Bonus.

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Robyn

April 2

How long do I have to keep my account for the $75 bonus to stick?

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