One of SoFi’s most popular bonuses comes from opening a SoFi Checking and Savings account and setting up direct deposit to earn up to $300, depending on your deposit amounts. But that’s not all it has to offer — there are also referral bonuses for nearly all its lending options.
| Bonus type | Bonus amount | Requirements | Learn more |
|---|---|---|---|
SoFi Checking and Savings account direct deposit bonus | $50 or up to $300 | Open a SoFi account and direct deposit at least $1,000 within 25 days of opening your account to earn a $50 direct deposit bonus. Deposit at least $5,000 within 25 days of account opening to earn up to $300. | |
SoFi Checking and Savings referral | $75 to the referrer and $25 to the referred (redeemed as points) | Share the referral link with the friend you want to refer to the Checking and Savings account. A successful referral can earn you $75 worth of SoFi rewards points and your referred friend $25 SoFi rewards points after the friend deposits at least $50 within 14 days of account opening. |
In our opinion, the best SoFi bonus offer is the SoFi Checking and Savings account direct deposit bonus. You can earn $50 or $300 simply by setting up direct deposit and meeting the amount requirements.
With the SoFi bank account open, you can also send referrals to friends and family to earn $75, and they can earn $25 — however, it’s not cold hard cash. The SoFi bank account referral bonuses are paid out in reward points, which you can use with a SoFi Active Invest® account, SoFi Credit Card account, SoFi Travel purchases and other SoFi loans. You can only receive up to $10,000 in referral bonuses, but that limit would take a lot of work to reach.
SoFi offers a lot of bonuses, but they are mostly referral bonuses. If you already have a SoFi bank account, you could take advantage of its bank account referral bonuses, but the rewards you earn are rewards points to be used toward other SoFi products. If you’re a new SoFi customer, take advantage of its direct deposit bonus to earn $50 or $300 by meeting deposit requirements.
If you’re not sold on SoFi just yet, compare more bank account bonus offers.
| Bank | Bonus offer | More info |
|---|---|---|
Capital One | Up to $1,500 | |
PNC | Up to $1,000 | |
Axos bank | Up to $400 | |
Discover® Online Savings Account | Up to $200 | |
Upgrade | Up to $200 | |
Chime | Up to $100 | |
Varo | Up to $25 |
To qualify for the $300 SoFi bonus, you need to create an account, set up direct deposit and deposit at least $5,000 within 25 days.
Most signup bank bonuses aren’t immediate. Generally, you’ll need to meet some type of requirement, often a direct deposit, balance or activity requirement. After you meet the requirements, you’ll likely receive the signup bonus within 30 to 90 days, depending on the bank.
Yes, SoFi is an FDIC-insured online bank. SoFi received its bank charter in early 2022.
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Zelle transfer limits vary by bank. Some of the banks with the highest Zelle limits include Capital One, SoFi, Chase, PNC and Wells Fargo.
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