Take advantage of the best SoFi promotions, bonuses and offers here. Their current products include SoFi Money, Active Investing, Student Loan as well as Personal Loan Products.
About SoFi Promotions
Social Finance, also known as SoFi, is best known for its student loan refinancing product that targets recent graduates with high incomes. Whether you are on the market for savings, investing or borrowing promotions, SoFi has the account and tools to help your financial future. With trusted like-minded advisers to help you set and achieve financial goals, you are able to get the best SoFi has to offer.
- Availability: Nationwide *Online*
- Routing Number: 031100924
- Customer Service: (855) 456-SOFI (7634)
With access to a fantastic Savings Rate as well as Investing Products, you are able to take charge of your finances! However, if you would like to learn more about other promotions, you can take a look at other suitable offers from HSBC Bank, Huntington Bank, Discover Bank, TD Bank, BBVA or CIT Bank.
I’ll review SoFi offers below.
See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as CIT Bank, Chase Bank, HSBC Bank, Discover Bank, Huntington Bank, and TD Bank. See our best rates for Savings and CD too. |
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| PROMOTIONAL LINK | OFFER | REVIEW |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| HSBC Advance Checking Member FDIC | $200 Cash | Review |
| HSBC Advance Checking Member FDIC | Up To $240 | Review |
| Chase Total Business Checking® | $300 Cash | Review |
| Chase Total Checking® | $200 Cash | Review |
| Chase Premier Plus CheckingSM | $300 Cash | Review |
| TD Bank Checking | $300 Cash | Review |
| Huntington 25 Checking | $500 Cash | Review |
| Huntington 5 Checking | $200 Cash | Review |
| Huntington Asterisk-Free Checking | $150 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
SoFi Money Referral $25 Bonus
SoFi Money offers a checking/savings account that earns 0.10% APY interest. The new member gets $25 bonus through the current promotion.
- Account Type: SoFi Money
- Opening Deposit: $500 opening deposit
- Direct Deposit Requirement: No
- Monthly Fees: None
- FDIC Insured: Yes, up to $1.5 million
(FDIC Insured)
There are several entry Checking offers I’d recommend comparing this one to. The Chase Total Checking ($200 bonus) and Premier Plus ($300 bonus) are both great options. The Huntington 5 Checking ($200 bonus) is also a fantastic option to take advantage of.
How To Earn The Referral Bonus
- Sign up to SoFi Money account and funds a New Money Account with $500 deposit.
- SoFi Money charges no account fees and offers unlimited reimbursement for ATM fees each month, free P2P payments, free bill pays and much more.
- Keep the account open and in good-standing to earn to the 0.10% APY rate
- New member and referral member both gets $25 bonus.
- Earn 0.10% APY on all balances
- Free P2P payments
- Free bill pays
- Unlimited reimbursement for ATM fees each month
- There may be monthly service fees for this account. We recommend you speak to a CSR to find out more information.
- Only one Money Referral Bonus and one Money Welcome Bonus will be awarded for each referred Eligible Money Recipient.
- $10,000 in cumulative referral or welcome bonuses under the Money Referral Program within any calendar year.
- Money Referral Bonuses and Money Welcome Bonuses are each considered miscellaneous income, and may be reportable to the IRS on Form 1099-MISC
SoFi Invest $50 Bonus
SoFi is offering a $50 bonus when you open a new SoFi Securities LLC active brokerage account and fund it with at least $1,000.
- Account Type: SoFi Invest
- Opening Deposit: $1,000+ opening deposit
- Direct Deposit Requirement: None
- Monthly Fees: None
(No expiration date)
Earn The $50 Bonus
- To receive the offer, you must: open a new SoFi Securities LLC active brokerage account through the signup link you were given.
- Add at least $1,000 to your brokerage account.
- The $50 bonus will be in the form of a fractional share in a company
- Stock Bits let you buy fractional shares of select stocks and ETFs starting at $1.
- SoFi Invest charges zero trading fees to buy and sell Stocks Bits—so the money you invest is 100% invested.
- Fractional share investing, like Stock Bits, makes it easy to invest in a lot of companies without a lot of dollars.
- No Monthly Fee
- The offer only applies to new active brokerage accounts.
- The offer is limited to one per person.
- The number of fractional shares delivered for the bonus will be determined based on the execution price at which SoFi Securities acquires the shares.
- Please note, given the Welcome Bonus will be paid in the form of marketable security, the dollar value of the Bonus will change as the price of that security changes, which will result in a change in the value of the Bonus provided.
- SoFi reserves the right to change the form of consideration used to pay the Welcome Bonus at any time without advance notice.
- Bonus amounts of $600 or greater in a single calendar year may be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received by applicable law.
- SoFi reserves the right to change or terminate the offer at any time or without notice.
SoFi Loan $300 Bonus
For current SoFi customers, you can earn a generous bonus when you refer a friend or family member for a student loan through the referral program. Student Loan Refinancing, you get $300 when your loan is funded. For Personal Loans, you also get $300 when your loan is funded.
- Account Type: SoFi Loan Account
- Loan Amount: $5,000-$100,000
- Loan Term: 2 to 7 years
- APR:
- Fixed: 5.990% APR to 16.240% APR (with AutoPay)
- Variable: 5.74% APR to 14.700% APR (with AutoPay)
- Repayment Options: Monthly
($300 bonus signup)
If you are a student looking for a loan solution, you can also check out PersonalLoans (5.99% – 35.99% APR), Prosper (6.99% – 35.99% APR) as well as Lending Tree (5.32% – 36% APR) for other fantastic lending solutions. Do note that the maximum loan amount varies from one solution to another.
How To Earn The Loan Referral
- Eligible Loan Referrers must send their unique referral link to an Eligible Loan Recipient, and the Eligible Loan Recipient must use their Eligible Loan Referrer’s unique referral link to apply for an Eligible Loan.
- SLC or its designee shall pay to:
- (a) the Eligible Loan Referrer, a one-time $300 referral bonus for each Funded Eligible Loan (the “Loan Referral Bonus”)
- (b) the Eligible Loan Recipient, a one-time $100 welcome bonus for such Funded Eligible Loan (the “Loan Welcome Bonus”).
- Only one Loan Referral Bonus and one Loan Welcome Bonus will be awarded for each referred Eligible Loan Recipient, regardless of whether the Eligible Loan Recipient takes out multiple Eligible Loans.
- Eligible Loan Referrers are limited to 20 Loan Referral Bonuses in any preceding 12-month period and 60 total lifetime Loan Referral Bonuses.
- The Eligible Loan Referrers will NOT receive a Loan Referral Bonus for a new referral if they have received 20 Loan Referral Bonuses in the preceding 12 months or if they have received 60 total lifetime Loan Referral Bonuses.
- Loan Referral Bonuses and Loan Welcome Bonuses are considered miscellaneous income and may be reportable to the IRS on Form 1099-MISC (or Form 1042-S, if applicable).
- An Eligible Loan Referrer will not earn Loan Referral Bonus if the Eligible Loan Recipient has or had an existing funded SoFi loan account, or if the Eligible Loan Recipient does not use the unique referral link provided by the Eligible Loan Referrer.
- If the Eligible Loan Recipient already has a SoFi loan account, is on our opt-out list or the national email opt-out list, or has already used another Eligible Loan Referrer’s unique referral link, the Eligible Loan Recipient may not be sent an email.
SoFi Loan
SoFi customers can borrow up to $100k with industry-leading low APR Rates. Simply fill out the online application and find a rate that fits your financial needs.
- Account Type: SoFi Loan Account
- Loan Amount: $5,000-$100,000
- Loan Term: 2 to 7 years
- APR:
- Fixed: 5.990% APR to 16.240% APR (with AutoPay)
- Variable: 5.74% APR to 14.700% APR (with AutoPay)
- Repayment Options: Monthly
(FDIC Insured)
SoFi Personal Loans
- No Fees:
- There are no origination, prepayment or late fees. You will be able to receive the full amount of your loans, allowing you to save the potential fee of having a “middle-man”.
- Loan Terms:
- You are able to repay your loans over a set amount of time ranging between 5 to 20 years.
- Unemployment Protection:
- If you are no longer employed, you can temporarily pause your payments.
- Must be employed or have an offer to start within 90 days.
- Fixed Rates:
- Your competitive low fixed APR rates would vary depending on your credit. Existing SoFi members will receive the 0.125% Member Rate Discount on that new loan.
- Soft Pull Credit Check:
- When applying for a loan, the initial credit check will not affect your credit score.
- Live Customer Support:
- Customer services available 7 days a week via phone or social media.
- Better Credit:
- Although the initial loan will trigger a hard pull, borrowers range an average of 31 points when paying off credit card debt with a SoFi personal loan.
- Cosigning:
- SoFi allows their customers the ability to have a joint application to better your chance of getting approved.
- Loans not available nationwide: You aren’t able to apply for a SoFi personal loan if you are currently residing in Mississippi.
- Online Access: Although online access gives you better rates, you will not have the ability to make payments or ask questions in person, due to SoFi not having any brick-and-mortar locations.
- High Credit: SoFi targets recent graduates with high incomes, therefore, you would have to have good credit as well as being in a higher income bracket to get your loan approved.
- Credit Score: 720
- Credit History: Short
- Annual Income: $114,000
SoFi Crypto $25 Bonus
SoFi is offering a bonus of $25 when signing up for SoFi Crypto. To receive the bonus you need to invest at least $10 into cryptocurrency (BTC, ETH or LTC)
- Direct Link to Offer
- Account Type: SoFi Crypto account
- Opening Deposit: Invest $10 in cryptocurrency
- Monthly Fees: None
- Terms: Limited to 1 per person. It takes 1 business day for your SoFi Invest deposit to settle before you can buy crypto.
How To Earn The $25 Bonus
- Open a new SoFi Invest Account
- Deposit $10 into your new account
- Get $25 in Bitcoin when you make your first $10 crypto trade.
- SoFi secures all crypto holdings from fraud or theft
- Trade Bitcoin, Ethereum, and Litecoin right alongside stocks and ETFs—all on the SoFi app.
- Risk is a natural part of investing. But it’s important to know that crypto, due to its volatility, carries a higher degree of risk.
- Gain an understanding of the crypto market by tracking the prices of up to 40 cryptocurrencies.
- No Monthly fee
- Buy crypto. Get $25 in Bitcoin. Make your first crypto trade of $10 or more to get your bonus.
- Once conditions are met and after the account is opened, you will receive $25 in Bitcoin (BTC) within 7 days
10% Cash Back on Select Gift Cards
You have the opportunity to earn 10% cashback on up to $100 of spend on the following retailers: Nike, Warby Parker, Old Navy, and Dollar Shave Club. Make sure that you use your Sofi debit card when you are paying.
- Offer expiration: June 26, 2020, 11:59 p.m. (PDT)
- What you’ll get: 10% cashback
- Who is eligible: Sofi members only
- Where it’s available: Direct link to offer
- How to earn it:
- Pay with your SoFi Money card when you shop online at:
- Nike.com, DollarShaveClub.com, WarbyParker.com, or OldNavy.com
- Valid for Purchases posted between June 13th and June 26, 2020.
- Pay with your SoFi Money card when you shop online at:
- Offer terms: Cash Back earned will in each case be rounded up to the nearest cent.
Cash Back credits may take up to 14 business days after the eligible transactions are posted.
There is a maximum aggregate cap on Cash Back bonuses of $10 per Member for this Program.
(Click on the promotion above to view the promotion)
Get 10% Cash Back on $500 Spend at Instacart, Whole Foods, Trader Joe’s, & More
If you’re in need of groceries and love saving money, then SoFi customers can take advantage of a promotion where you can get 10% Cash Back on $500 Spend at Instacart, Whole Foods, Trader Joe’s, & More. Be sure to take advantage of this promotion by September 30, 2020, to be eligible.
- When it expires: September 30, 2020 at 11:59PM PT
- What’s the offer: 10% Cash Back on $500 Spend
- Whole Foods
- Trader Joe’s
- Instacart
- Netflix
- Disney+
- Spotify
- Where it’s available: SoFi cardholders
- How to get it:
- Add SoFi Money to your streaming and subscription accounts
Set SoFi Money as your default payment - Shop with your SoFi card
- Earn cashback within 2-4 days of your purchase
- Add SoFi Money to your streaming and subscription accounts
(Click on the promotion above to view the promotion)
SoFi Money $75 Direct Deposit Bonus *Targeted*
Qualified customers can earn a $75 bonus when you set up direct deposit through your SoFi Account. However, you would need to have received a direct email from SoFi to qualify.
- What’s the offer: $75 Bonus
- When it expires: March 30, 2020
- How to get it: To receive the bonus, two qualifying payroll direct deposits of at least $500 must be made by the new SoFi Money member’s employer or payroll provider by ACH deposit within 60 days of receiving the email.
- Terms & Conditions: Only SoFi Money members who have not previously set up a direct deposit and have received a direct email regarding this targeted promotion are eligible.
Earn The $75 SoFi Money Bonus
- Be a SoFi Money member who have not previously set up direct deposit
- Must directly receive an email in regards to this promotional offer
- Provide two qualifying direct deposits of at least $500 within 60 days of receiving the email
- Within two weeks of the second direct deposit clearing, qualifying participants will receive a $75 deposit into their SoFi Money account.
- The balance must remain in the account for at least 30 days.
- This offer is limited to one per person.
- The offer expires on 3/30/2020, at 5pm EDT.
- Participants must comply with the SoFi Money terms of use.
- Any fraudulent or returned funding will result in disqualification.
- SoFi reserves the right to change or terminate the offer at any time or without notice.
Bottom Line
With competitive rates from SoFi such as their savings or APR rates, you are able to gain access to fantastic features and member-exclusive benefits. Applying for a SoFi account is fast and easy. Within a few minutes, you will become a part of the financial platform that uses the digital frontier to bring you industry-leading services and live 24/7 customer support.
Definitely apply for a SoFi account is you are able to meet the credit score and high-income bracket!
*Check back for more up to date SoFi promotions, bonuses, and offers!
The best bank bonuses are updated here. Check the below pages to get started with some of the best offers: • Chase Bank Bonuses. Read about several offers for their Checking, Savings and Business accounts. Chase usually offers the most sign-up bonuses of all the big banks. • HSBC Bank Bonuses. HSBC Bank routinely has offers for several of their Personal Checking and Business Checking accounts. They also have a good referral program. • TD Bank Bonuses. TD Bank consistently offers great Checking account bonuses all year long. Savings account offers are less frequently available. • Huntington Bank Bonuses. Bonus offers for their Checking accounts are only available for limited periods throughout the year. They also have great options for those looking for a free Checking account (no monthly fees). • Discover Bank Bonuses. Discover Bank offers top cashback, savings, money market accounts and CD rates for you to take advantage of. Discover has industry leading selections to cater to your banking needs. |
