SoFi Checking & Savings $325 Bonus + 3.80% APY – Ends 1/31/26

Earn more on your money with 3.80% APY and a $325 bonus when you set up direct deposit into a SoFi Checking and Savings account.

Plus, pay no account or overdraft fees, get 2-day-early-paycheck, and more.

Update 6/23/25: Offer has been extended through 1/31/26. You can earn $325 bonus plus a high rate of 3.80% APY, so sign up for a SoFi Checking & Savings account with $5K+ direct deposit.

In order to qualify for the highest bonus, an Eligible Participant must have $5,000 or more in total qualifying Direct Deposit transactions within any consecutive 30-day window during the Promotion Period.

SoFi Checking & Savings $325 Bonus + 3.80% APY

• What you’ll get: $325 Bonus + 3.80% APY
• Account Type: SoFi Checking & Savings
• Availability: Nationwide, Online
• Direct Deposit Requirement: Yes, $5000+ for highest bank bonus
• Credit Inquiry: Soft Pull
• Credit Card Funding: None
• Monthly Fee: None
• Early Account Termination Fee: None listed
• Household Limit: None
• Expiration Date: 01/31/2026

Reward yourself with a SoFi Checking and Savings account today

SoFi ACH Capabilities & Limits

SoFi Checking & Savings Account Summary

• Earn up to 3.80% 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.

Fine Print

• Eligible Participants: All new members who join SoFi Checking and Savings, SoFi Money, or Samsung Money by SoFi during the Promotion Period and all existing SoFi Members without a prior history of Direct Deposit transactions (“Direct Deposit”) to their SoFi Checking and Savings, SoFi Money, or Samsung Money by SoFi account as of the beginning of the Promotion Period are eligible for the Program.
• Bonus Terms: In order to qualify for the bonus, an Eligible Participant must have $1,000 or more in total qualifying 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 Checking and Savings / 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 $300 deposited into their SoFi Checking and Savings, SoFi Money, or Samsung Money by SoFi 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.

Bottom Line

I would recommend this account as I use this personally in my day to day life.

This is an online account so it would be ideal to have an account with a local branch nearby in the event you may need to deposit / withdraw cash.

One of the best perks of having this account in lieu of your typical checking accounts is the ability to earn interest (a high, competitive rate at that).

Be sure to check out our latest banking offers from SoFi or check out our full list of bank promotions to keep updated on amazing offers!

In addition, keep up with the best interest rates for savings accounts here.