SoFi Plus Limited Sweepstakes: Chance to Win up to $400,000
Learn how to enter SoFi’s sweepstakes and the rules.
SoFi® is an online bank, and its flagship product is the SoFi Checking and Savings account. It has no monthly fees, high APYs, no overdraft fees and much more. The hybrid account comes with a membership called Plus, and by joining that membership, you could enter the Power of Plus Sweepstakes and for a chance to win big money.
What you could win in the SoFi sweepstakes
Here are the Prize Pools that you can choose from when entering the SoFi Power of the Plus Sweepstakes:
- Home Ambition. Up to $400,000 deposited into the winner’s SoFi Checking & Savings account that may be used toward the purchase of a home.
- Student debt ambition. Up to $70,000 deposited into the winner’s SoFi Checking & Savings account that may be used toward paying off student debt.
- Retirement ambition. Up to $35,000 deposited into the winner’s SoFi Checking & Savings account that may be used toward retirement.
- Vacation ambition. Up to $35,000 deposited into the winner’s SoFi Checking & Savings account that may be used toward vacation.
- Wedding ambition. Up to $35,000 deposited into the winner’s SoFi Checking & Savings account that may be used toward a wedding.
- Entertainment ambition. Up to $25,000 deposited into the winner’s SoFi Checking & Savings account that may be used toward entertainment.
How to enter the SoFi Plus Sweepstakes
The SoFi Plus Sweepstakes offers up to six prizes with up to six potential winners, with the highest prize being $400,000 that can be used toward the purchase of a home. It’s a limited-time sweepstakes, allowing entries from February 11, 2025, and ends on May 14, 2025, at 11:59:59 p.m. PT.
Here’s how to enter the Power of the Plus Sweepstakes online:
- Open a SoFi Checking and Savings account.
- Enroll in SoFi Plus by setting up direct deposit (no minimum amounts required), or subscribe for $10 per month.
- Check your email for the SoFi Plus welcome email and select Enter Now in the registration link. You can enter the sweepstakes once this way.
- Select your Prize Pool and complete your registration, which includes submitting your name, address, email, phone number and date of birth.
- Earn additional submissions by sharing on social media (limit 1 per person), or by referring people to sign up for SoFi Plus (limit 10 per person).
You can also submit up to 12 mail-in entries:
- On a plain 3×5-inch paper or card, hand-print your full name, email address (associated with your SoFi account if you have one), your home address, date of birth, phone number and write your selected Prize Pool.
- You may submit up to 12 mail-in entries during the promotion period, and must be postmarked by May 14, 2025, and received no later than May 21, 2025.
Can I enter the SoFi sweepstakes if I’m already a Plus member?
Yes, existing SoFi Plus members can enter the sweepstakes.
In your SoFi App or email, click the Power of Plus promotional communication and choose your Prize Pool to enter the sweepstakes.
How many winners will there be?
There will be six potential winners of the SoFi Power of the Plus Sweepstakes, one for each of the six Prize Pools.
There will be a random drawing around July 7, 2025. Each potential winner will be notified via email using the information provided in the entries.
Enroll in SoFi PlusBottom line
There will be one winner for each prize pool in the SoFi Power of the Plus Sweepstakes. Entries must be submitted or postmarked by May 14, 2025, and the random drawings will be held on or around July 7th, 2025.
Remember that you can submit up to one electronic entry, up to 12 mail-in entries, get one additional entry for sharing on social media, and then up to 10 extra entries via successful SoFi Plus referrals. Good luck!
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