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 ,CIT Bank, Bank of America, Citibank, Wells Fargo, and more!
I’ll review SoFi offers below.
SoFi Money $100 Bonus
SoFi Money is offering a $100 bonus when new members open a new SoFi Money account and meet certain requirements.
- Account Type: SoFi Money
- Opening Deposit: None
- Direct Deposit Requirement: Yes, $1,000
- Monthly Fees: None
- FDIC Insured: Yes, up to $1.5 million
(FDIC Insured)
How To Earn $100 Bonus
HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
- In order to qualify for the bonus, an Eligible Participant must have $1,000 or more in total qualify Direct Deposit transactions within any consecutive 30-day window during the Promotion Period.
- 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 0.25% APY rate
- New member gets $100 bonus.
- Earn 0.25% APY on all balances
- Free P2P payments
- Free bill pays
- Unlimited reimbursement for ATM fees each month
- There are no monthly fees.
- The following describes the terms that apply to participation in the SoFi Money direct deposit promotional program (“Program”) offered by SoFi Securities LLC (“SoFi”).
- Eligible Participants: All new members who join SoFi Money during the Promotion Period and all existing SoFi Members without a prior history of Direct Deposit transactions (“Direct Deposit”) to their SoFi Money account as of the beginning of the Promotion Period are eligible for the Program.
- Promotion Period: The Program will be available from 5/1/21 12:01AM ET to 12/31/21 11:59PM ET.
- Bonus Terms: In order to qualify for the bonus, an Eligible Participant must have $1,000 or more in total qualify Direct Deposit transactions within any consecutive 30-day window during the Promotion Period. Qualifying Direct Deposits must be made from the enrolled member’s employer, payroll, or benefits provider via ACH deposit.
- Deposits that are not from an employer (such as check deposits; P2P transfers such as from PayPal or Venmo, etc.; merchant transactions such as from PayPal, Stripe, Square, etc.; and bank ACH transfers not from employers) do not qualify for this promotion.
- This offer cannot be combined with the SoFi Money rate discount on a SoFi loan. SoFi will credit members who meet the qualification criteria stated above with a one-time cash bonus of $100 deposited into their SoFi Money account within two weeks of qualification.
- Bonuses are considered miscellaneous income, and may be reportable to the IRS on Form 1099-MISC (or Form 1042-S, if applicable). SoFi reserves the right to exclude any Members from participating in the Program for any reason, including suspected fraud, misuse, or if suspicious activities are observed. SoFi also reserves the right to stop or make changes to the Program at any time.
SoFi Money $25 Bonus
SoFi Money offers a checking/savings account. 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)
| You can compare this to several great entry level Checking accounts with bonus offers include the Chase Total Checking® ($225 bonus), Discover Cash Back Debit (up to $360 Bonus), TD Bank Convenience CheckingSM ($150 bonus), PNC Bank Virtual Wallet ($400 bonus), Chase Secure Banking ($100 Bonus), and Aspiration Spend & Save Account ($150 bonus). |
How To Earn The Referral Bonus
HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
- Sign up to SoFi Money account and funds a New Money Account with $10 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 0.25% APY rate
- New member and referral member both gets $25 bonus.
- Earn 0.25% 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 $25 Bonus
SoFi is offering a $25 bonus when you open a new SoFi Securities LLC active brokerage account and fund it with at least $100.
- Account Type: SoFi Invest
- Opening Deposit: $100+ opening deposit
- Direct Deposit Requirement: None
- Monthly Fees: None
(No expiration date)
Earn The $25 Bonus
HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
- 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 $100 to your brokerage account.
- The $25 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 Credit Card
 The SoFi Credit Card offers: • Earn 2% unlimited cash back on eligible purchases when redeemed towards investing, saving, or paying down an eligible loan with SoFi.* • Earn up to $100 when you open and fund a SoFi Money and a SoFi Invest account after getting approved for the SoFi Credit Card (See Terms). • When you make 12 on-time payments, we'll lower your APR by 1%.† • No annual fee.† • No foreign transaction fees • Cell phone protection (insurance coverage up to $1,000)** • Mastercard ID Theft Protection(TM)** • $10 Lyft credit when you take 5 rides per month** * See offer details: www.sofi.com/card/rewards † See terms and conditions: www.sofi.com/card/terms ** Cell Phone Insurance Protection, Mastercard ID Theft Protection(TM), Lyft and Other Partner Rewards have additional terms and conditions, which can all be accessed through the World Elite Mastercard® Benefits portal. Please see the guide to benefits for details or call 1-800-MASTERCARD. |
See our review on the SoFi Credit Card.
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. Plus, get a $10 bonus for checking your rate.
- 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
HOW TO EARN BONUSSOFI TERMS
- 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.
- You’ll earn a $10 bonus for checking your rate.
- 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
PROSCONSBORROWER'S AVERAGE
- 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 Money Earn Up to $25 in Roundup Bonus
If you’re a Sofi Money Debit cardholder, Sofi has an offer where they are matching all round ups for each purchase you make using the card. You can get a maximum of $50 in Round ups.
- Limit of $25 in matched round ups
- Limited time offer
- Read Double Roundups Promotion terms.
(Limited time offer)
How To Earn Roundup Bonus
HOW TO EARN BONUSSOFI TERMS
- SoFi Money will 2x your Roundups savings for transactions.
- From 03/1/2021 onward (no expiration date listed), SoFi will match all Roundups up to $25!
- When you spend, we’ll round up your transaction to the nearest dollar and put the change into your account.
- Every time you spend, we’ll transfer the spare change to a Vault (you won’t miss it – but it will add up for the future!)
- The Program is open to all SoFi Members with a SoFi Money account with $500 in monthly deposits or more, or an account that was opened prior to June 9, 2020, who reside within the United States and have opted into the Roundups feature.
- All purchases using a SoFi Money debit card and posted during the Promotion Period, are eligible for Cash Back under the terms of the Program. P2P transfer transactions (e.g. Venmo/Paypal/Square) and wire transfers are excluded.
- For each eligible charge to your SoFi Money debit card during the Promotion Period, you will receive a credit to your SoFi Money account equal to 100% of the Roundup for that transaction
- Credit will be applied to the chosen vault that is being used for Roundups
- There is a maximum aggregate cap on cash back bonuses of $25 per Account for this Program
- Cash Back credits may take up to 5 business days after the eligible transactions are posted
- Purchases of whole dollar amounts (e.g. $1.00) will not be rounded up and therefore will not receive cash back.
- Purchases that are made when Roundups are not enabled for an account will not receive cash back and cannot be backdated.
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
HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
- 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
SoFi $20 Amazon Gift Card Bonus for Checking Home Loan Rate
SoFi is offering a chance for users to Get $20 Amazon Gift Card Bonus for Checking Home Loan Rate. To receive the bonus you need to check your home loan rate.
- Promotion:$20 Amazon Gift Card Bonus for Checking Home Loan Rate
- Expiration: June 1, 2021
- Availability: Online at SoFi
- How to get it: Simply click the link below to check your home loan rate to get $20 Amazon Gift Card Bonus
(Expires June 1, 2021)
(Expired) Get $5 Back w/ $20 Debit Card Purchase
SoFi is offering a chance for users to Get $5 Back w/ $20 Debit Card Purchase. To receive the bonus you need to spend at least $20 on your debit card.
- Promotion: Get $5 Back w/ $20 Debit Card Purchase
- Expiration: March 31, 2021
- Availability: Online at SoFi
- How to get it: Check to see if you received the targeted email for this offer, labeled (Subject: We miss you, <your name>! Get $5 back after your next purchase.) Use your debit card to make a purchase of $20 and receive your cash back.
(Expires March 31, 2021)
(Expired) SoFi Invest $2,500 Bonus
Sofi Invest is offering users a chance to earn a bonus between $25 – $2,500 when you transfer your investments to Sofi Invest.
- Account Type: SoFi Invest
- Opening Deposit: $1,000+ opening deposit
- Direct Deposit Requirement: None
- Monthly Fees: None
(Expires February 28, 2021)
Earn Up to $2,500 Bonus
HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
- Earn your bonus when you transfer from another brokerage firm into Sofi Invest account.
- Your bonus amount are based on the one-tome local dollar amount you transfer during the incentive period.
| Transfer Amount | Bonus |
| $0.01-$19,999.99 | $25 |
| $20,000-$99,999.99 | $125 |
| $100,000-$249,999.99 | $250 |
| $250,000-$499,999.99 | $500 |
| $500,000-$999,999.99 | $1,000 |
| $1,000,000 + | $2,500 |
- 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
- This offer is good between now and 2/28/21.
- All bonuses will be paid into the same account you transferred investments into within 14 business days of the conclusion of the offer period.
- Assets are required to remain in your SoFi account for 180 days following the conclusion of the offer period.
- SoFi reserves the right to recoup up to the bonus amount from any withdrawals that take place prior to the 180-day period.
- Important Tax Information: The value of the reward you receive may constitute taxable income.
- SoFi Securities LLC may issue a Form 1099 (or other appropriate form) to you that reflects the value of the reward.
- Please consult your tax advisor. SoFi Securities LLC and its affiliates and associates do not provide tax advice.
- Read full offer terms here.
(Expired) SoFi Money $75 Direct Deposit Bonus
SoFi is currently offering new and existing users a $75 bonus when you have provided $500+ in direct deposits from your employer to your SoFi money account.
- What’s the offer: $75 Bonus
- When it expires: 2/28/2021
- How to get it:
- Set up direct deposit from your employer to SoFi Money
- Meet the requirements below to qualify.
(FDIC Insured)
Earn The $75 SoFi Money Bonus
EARN THE BONUSFINE PRINT
- Set up direct deposit from your employer to SoFi Money.
- Receive $500 or more in qualified direct deposits between 8/4/2020 and 02/28/2021.
- Your $75 bonus will be deposited into your SoFi Money account.
- Get rewarded and unlock all the benefits of SoFi Money with direct deposit!
- The following describes the terms that apply to participation in the SoFi Money direct deposit promotional program (“Program”) offered by SoFi Securities LLC (“SoFi”).
- Eligible Participants: All new and existing SoFi Members without a prior history of Direct Deposit transactions (“Direct Deposit”) to their SoFi Money account are eligible for the Program.
- New SoFi Money members who open their accounts within the enrollment period are automatically enrolled in the Program with the account open date acting as the effective enrollment date.
- Existing members without a prior history of Direct Deposit transactions (“Direct Deposit”) are automatically enrolled in the Program at the start of the enrollment period.
- Promotion Period: Enrolled members have until 02/28/21 at 11:59PM ET in order to qualify for the bonus.
- SoFi will credit members who meet the qualification criteria stated above with a one-time cash bonus of $75 deposited into their SoFi Money account within two weeks of qualification.
- Bonuses are considered miscellaneous income and may be reportable to the IRS on Form 1099-MISC (or Form 1042-S, if applicable).
(Expired) 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)
(Expired) 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)
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!
