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SoFi promotions and bonus offers of July 2024

Earn up to $300 with SoFi's direct deposit bonus.

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.

All SoFi bonuses at a glance

Bonus typeBonus amountRequirementsLearn more
SoFi Checking and Savings account direct deposit bonus$50 or $300Open 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.
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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.
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SoFi Invest® referral$50 to the referrer and $25 to the referred Send the referral link to a friend who must open the account within 120 days after they receive the link. Friend receives $25, and you receive $50.
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SoFi personal loan referral$300Send the referral link to a friend who must use the link to open the loan within 120 days of receiving the referral link. The loan must be open and in good standing 90 days after disbursement.
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SoFi student loan refinance referral$1,000Send the referral link to a friend who must use the link to open the loan within 120 days of receiving the referral link. The loan must be open and in good standing 90 days after loan disbursement.
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SoFi private student loan referral$500Send the referral link to a friend who must use the link to open the loan within 120 days of receiving the referral link. The loan must be open and in good standing 90 days after disbursement. The referral and recipient will receive the welcome bonus 60 days after the loan disbursement.
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SoFi’s best bonus offer

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.

Compare more bank account bonuses

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.

BankBonus offerMore info
PNCUp to $1,000Learn more
ChimeUp to $100Learn more
VaroUp to $50Learn more

Frequently asked questions

Are there banks with immediate signup bonuses?

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.

Is SoFi a real bank?

Yes, SoFi is an FDIC-insured online bank. SoFi received its bank charter in early 2022.

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To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.
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Editor, Banking

Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto. Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt. Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others. Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio

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Bethany has written 391 Finder guides across topics including:
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