Upgrade offers a variety of banking and lending products, including the Upgrade card with credit lines up to $25,000 and cash back on purchases — a perk typically reserved for credit cards. Currently, Upgrade has a $200 welcome bonus for getting the card and opening a new checking account.
All Upgrade bonuses at a glance
Bonus type
Bonus amount
Requirements
Learn more
Upgrade Card welcome bonus
$200
Open and fund a new Rewards Checking Plus account and make three qualifying debit card transactions using the Upgrade Card within 60 days of opening.
If you’re still in the market for an account, check out Finder rewards for more opportunities.
Upgrade’s best bonus offer
Upgrade’s best bonus is its $200 welcome offer when you get the Upgrade Card and open a Rewards Checking Plus account.
To qualify for the bonus, you need to be a new Rewards Checking Plus account customer and get the Upgrade Card. You need to make at least three qualifying debit card transactions within 60 days of meeting the requirements. Keep your account in good standing to receive the funds.
What does Upgrade consider a qualifying transaction?
Upgrade does not consider the following transactions as qualifying for bonuses or rewards:
ATM transactions
In-store cash withdrawals or cashback transactions
Transactions identified by a merchant as not eligible for rewards
How does the Upgrade Card work?
The Upgrade Card sort of works like a credit card and personal loan in one. The card will have a limit between $500 and $25,000, and you have predictable monthly payments with a fixed interest rate. The card can earn up to 1.5% cash back on all purchases. If you have an owed balance, your cashback rewards are applied to the Upgrade Card balance after your next scheduled payment. If you don’t have an owed balance, you can elect to have the cash back sent to a bank account on file.
Compare more bank account bonuses
Upgrade is a fintech that provides bank accounts, credit cards and other financial products through its partner, Cross River Bank. Its savings account offers a strong 3.05% APY if you maintain a balance of $1,000, and its checking account comes with a cashback card.
But you must be comfortable with an all-digital banking process as Upgrade doesn’t have physical branches. Plus, it doesn’t allow cash deposits. If Upgrade isn’t right for you, compare more bank account bonuses to earn some extra cash when you’re switching banks.
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 within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. 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 5/15/2026 and will be available through 12/31/26. See full bonus and annual percentage yield (APY) terms at sofi.com/banking/checking-offer/
Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 5/28/26. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet
We do not charge any account, service, or maintenance fees for SoFi Checking and Savings. We do charge transaction fees for outgoing wire transfers, Instant Transfers, and global remittance transfers. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/.
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.
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 may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time.
Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
Overdraft Coverage is a feature automatically offered to SoFi Checking and Savings account holders who receive at least $1,000 or more in Eligible Direct Deposits within a rolling 31 calendar day period on a recurring basis. Eligible Direct Deposit is defined on the SoFi Bank Rate Sheet, available at https://www.sofi.com/legal/banking-rate-sheet. Members enrolled in Overdraft Coverage may be covered for up to $50 in negative balances on SoFi Bank debit card purchases only. Overdraft Coverage does not apply to P2P transfers, bill payments, checks, or other non-debit card transactions. Members with a prior history of unpaid negative balances are not eligible for Overdraft Coverage. Eligibility for Overdraft Coverage is determined by SoFi Bank in its sole discretion. Members can check their enrollment status, if eligible, at any time by logging into their account through the SoFi app or on the SoFi website.
Earn up to 3.80% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.10% APY) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 12/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Frequently asked questions
Are there banks with immediate signup bonuses?
Unfortunately, most banks don’t pay signup bonuses immediately. Most bonuses have specific conditions to meet, such as spending a certain amount within a designated period. After meeting those conditions, most banks will issue the signup bonus within 30 to 90 days, provided your account remains open and in good standing.
Holly Jennings is the deputy crypto editor and updates writer at Finder, working with writers across all niches to deliver quality content to readers. She’s edited hundreds of financial articles ranging from credit cards to investments. With empathy at heart, she especially enjoys content that breaks down complex financial situations into easy-to-understand information. Prior to her role at Finder, she collaborated with dozens of small businesses to maximize the reach and impact of their blog posts, website copy and other content. In her spare time, she is an award-winning author for Penguin Random House, writing about virtual reality worlds, magical girls and lasers that go pew-pew.
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