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.
Current SoFi offers include $10, $25, $50, $100, $275, $300+ more for many SoFi 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.
I’ll review SoFi offers below.
SoFi Checking & Savings $275 Bonus
Earn more on your money with 4.50% APY and up to a $275 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.
- Account Type: SoFi Checking & Savings
- Availability: Nationwide
- Direct Deposit Requirement: Yes, $1000+ tiered (see what works)
- Credit Inquiry: Soft Pull
- Credit Card Funding: None
- Monthly Fee: None
- Early Account Termination Fee: None
- Household Limit: None
(Visit SoFi to learn more)
| Total Qualifying Direct Deposit Amount | Cash Bonus |
| $1,000 – $4,999 | $50 |
| $5,000 or more | $250 |
Account Features
- Earn up to 4.50% 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.
SoFi Credit Card $50 Bonus
Apply for the SoFi credit card and get a $50 bonus. Earn 2% unlimited cash back on purchases when redeemed toward investing, saving, or paying down an eligible loan with SoFi.
- What you’ll get: $50 bonus
- Rewards: Earns 2% cash back on all purchases
- Spending Requirement: None
- Annual Fee: None
(No expiration date)
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 Student 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 $300 Bonus Personal 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 Invest Up to $5,000 Account Transfer Bonus
Get a $50-$5000 bonus to move your investments to SoFi.
- What you’ll get: Up to $5,000 bonus
- Account Type: SoFi Invest
- How to earn it:
- Earn a bonus when you transfer investments from another brokerage firm into a taxable SoFi Invest Active brokerage or Active retirement account (Traditional, Roth, or SEP IRA).
- Bonus amounts are based on the total net dollar amount (incoming transfers less outgoing transfers) of settled transfers from another brokerage to an individual SoFi Invest account during each calendar month.
- Bonuses will be paid within 14 days of the last day of the month in which the transferred assets settled in your SoFi Invest account.
| Transfer Amount | Bonus |
| $5,000-$19,999.99 | $50 |
| $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-$1,999,999.99 | $2,500 |
| $2,000,000 + | $5,000 |
(Limited time offer)
SoFi Invest Up to $1,000 Bonus
Update 4/17/23: Offer is back for 2023.
Check your emails! Subject line is ‘Earn up to $1,000 when you make a deposit.’
SoFi is offering a bonus of up to $1,000 when you add funds to your account by 9/30/22 and maintain your balance until at least 11/30/22. Bonus tiers are as follows:
- $5,000 – $9,999 and receive $50 in bonus points
- $10,000 – $24,999 and receive $100 in bonus points
- $25,000 – $49,999 and receive $250 in bonus points
- $50,000 – $99,999 and receive $500 in bonus points
- $100,000+ and receive $1,000 in bonus points
SoFi Crypto $100 Bonus
SoFi is offering a bonus of $100 when signing up for SoFi Crypto. To receive the bonus you need to invest at least $50 into cryptocurrency (BTC, ETH or LTC)
- Direct Link to Offer
- Account Type: SoFi Crypto account
- Opening Deposit: Invest $50 to $5000+ 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.
- Expiration: 12/31/2022
How To Earn Bonus
- Open a new SoFi Invest Account
- Deposit $50 to $5000+ into your new account
- Get $10 bonus in Bitcoin when you make your first $50 crypto trade. See bonus tiers from chart above.
- 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
- To earn a bonus (as described below) open a new SoFi Digital Assets LLC account and make your first purchase of $50 or more within 7 days.
- The Crypto Welcome bonus is based only on the amount of your first Crypto purchase.
- The offer only applies to new crypto accounts, is limited to one per person, and expires on December 31, 2022.
- Once conditions are met and the account is opened, you will receive your bonus within 7 days.
- SoFi reserves the right to change or terminate the offer at any time without notice.
SoFi Free Credit Score Monitoring $10 Bonus
Sign up for SoFi Free Credit Score Monitoring and get a $10 bonus. View your free credit score and earn cash rewards. Getting your financial goals on track starts with your credit score. With Credit Insights by SoFi you can track your score and earn cash rewards every time it goes up.
- What you’ll get: $10 bonus
- Credit Inquiry: Soft Pull
- Benefits:
- Track your credit score at no cost, with weekly updates to help you stay on top of when your score changes.
- Understand the factors that drive your credit score and what you can do to influence them.
- Determine how certain financial decisions might impact your score.
- Access SoFi Member benefits like personalized advice from a credentialed financial planner for no additional cost.
- Terms:
- No credit card required and it won’t impact your score.
- This offer is only available to new SoFi users without existing SoFi accounts.
- It is non-transferable. One offer per person.
- To receive the Rewards points offer, you must successfully complete setting up Credit Score Monitoring.
- Rewards points may only be redeemed into SoFi accounts such as cash in SoFi Checking and Savings or loan balances, Stock Bits, fractional shares and cryptocurrency subject to program terms that may be found here:
- SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.
(No expiration date)
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!
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, U.S. Bank, and more!
*Check back for more up to date SoFi promotions, bonuses, and offers!
same for me- said if u can give me the name and email address of the person who referred me I can get the $25 bonus
Same Result…. They ARE NOT paying out bonuses.
They will delay and ask you to provide the persons personal email, name, etc.
TERRIBLE APP.
Stay away from this bank.
NO INTEGRITY.
Hello,
I have the same issue and they said if u can give me the name and email address of the person who referred me I can get the $50.
Same here. I thought maybe it was something I did wrong when I signed up. But I’ve come across numerous people like you who SoFi has also refused to pay the bonus to–with the same excuse. All they’re doing is building a base of people who are posting bad reviews about them. Doesn’t make any sense.
This is a sweet deal! I DID receive my bonus almost immediately. Besides the interest rate which is pretty nice in and of itself, the start-up bonus is also awesome.
The saving rate of 0.10% is anything but competitive. Better off keeping savings in an account with a higher rate.
Hi – I didn’t get my $50 bonus and they’re asking me for the name and email address of the person who referred me.
Same here. I thought maybe it was something I did wrong when I signed up. But I’ve come across numerous people like you who SoFi has also refused to pay the bonus to–with the same excuse. All they’re doing is building a base of people who are posting bad reviews about them. Doesn’t make any sense.