Take advantage of the best SoFi promotions, bonuses and offers here. Their current products include SoFi Banking, 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 Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO Harris, SoFi, Bank of America, Wells Fargo, US Bank, and more!
I’ll review SoFi offers below.
SoFi Checking & Savings $300 Bonus
Earn more on your money with 1.25% APY and up to a $300 bonus when you direct deposit into a SoFi Checking and Savings account. Plus, pay no account or overdraft fees, get 2-day-early-paycheck, and more.
- Earn up to 1.25% APY
- Say goodbye to bank fees: The average American paid $53.79 in bank fees in 2020. We don’t believe in fees, so with SoFi there’s no overdraft fees, no minimum balance fees, and no monthly fees. Plus, 55,000+ fee-free ATMs with Allpoint.
- FDIC insured: Breathe easy knowing your funds are insured up to $250K. (Joint accounts receive $500K in total insurance.)
- 2-day Early Paycheck: Feel the magic of pay day up to two days early – automatically – when you set up direct deposit.
- Cash back, close to home: Get up to 15% cash back at local establishments when you pay with your SoFi debit card.
- Automatic savings features: Organize your money, set savings goals, and save your spare change with Vaults and Roundups.
- No fee Overdraft Coverage: Overspent by accident? No problem. You’ll be covered up to $50 with no fees with qualifying direct deposits.
(Visit SoFi to learn more)
SoFi Checking & Savings
SoFi offers new member gets $25 bonus when you sign up for a SoFi Checking & Savings account and deposit at least $10. Get an additional $100 and earn up to 1.00% APY (33x the national average!!) plus free overdraft coverage and get paid up to 2 days early with direct deposit. Best of all, you won’t pay any account fees!
- Account Type: SoFi Checking & Savings
- Opening Deposit: $10 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 Citi Priority Account (Up to $1500 Cash Bonus), Chase Total Checking® ($200 bonus), Discover Cash Back Debit (up to $360 Bonus), U.S. Bank Checking ($300 bonus), Chase Secure Banking ($100 Bonus), and Aspiration Spend & Save Account ($150 bonus). |
How To Earn Bonus
- Sign up to SoFi Banking account and funds a New Money Account with $10 deposit.
- SoFi Banking charges no account fees and offers unlimited reimbursement for ATM fees each month, free P2P payments, free bill pays and much more.
- New member and referral member both gets $25 bonus.
- Get an additional $100 and earn up to 1.00% APY (33x the national average!!) plus free overdraft coverage and get paid up to 2 days early with direct deposit
- 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)
How To Earn 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 $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 3% cash back for a year when you set up direct deposit with SoFi. After that, earn 2% unlimited cash back on purchases when redeemed toward investing, saving, or paying down an eligible loan with SoFi.* • Earn $100 when you fund an Invest account as well as a Checking and Savings account after getting approved for the SoFi Credit Card. • 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. |
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)
How To Earn Bonus
- 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
- 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 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
(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)
How To Earn Bonus
- 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.
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!
