Sofi Invest up to $5000 Bonus

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SoFi : Sofi Invest

up to $5000

Offer Expires In

Limited Time Offer

How To Earn The Bonus

  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.

Available in Your Area?

Yes

Monthly Fees?

No

Open Online?

Yes

Credit Pull?

Soft

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Apply Now

at SoFi

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!

How To Earn The Bonus

The Sofi Invest promotion requires you to deposit and maintain a minimum balance in order to earn the up to $5000 bonus.

Full requirements to receive this bonus are:

  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.

The fine print

  • Investments must be transferred into a taxable SoFi Invest Active Brokerage or Active retirement account (Traditional, Roth, or SEP IRA).
  • Bonus amounts are based on the one-time total dollar amount you transfer during the incentive period.
  • Assets are required to remain in your SoFi account for 180 days following the conclusion of the offer period. SoFi reserves the right to recoup up to the bonus amount from any withdrawals that take place prior to the 180-day period.
  • SoFi does not accept mutual funds, cryptocurrency transfers, or stocks that trade on OTC, Pink Sheets, and/or most low-priced securities. These would need to be liquidated prior to initiating an ACAT with SoFi.
  • If you transfer a brokerage account with total asset value over $5,000 through the ACAT system, SoFi will reimburse up to $75 of ACAT Fees from your outgoing brokerage firm.

How does this investment 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:

J.P. Morgan

Self-Directed Investing

Bonus
up to $700
Account Type
Investment
Expires In
10 days
Requires
  • Min Balance

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 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 Invest

Fees

Sofi Invest does not charge a monthly 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 4.50% 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.