Direct Deposit Bonus

Set up direct deposit to make the most out of SoFi.

For a limited time, get a $250 bonus with qualifying direct deposits.1 Log in to your account or follow the steps below to get started.

Open an account

Already have an account? Set up direct deposit→

How it works:

9 in 10 SoFi members agree—setting up direct deposit is easy.2


Sign up and set up direct deposit.


Wait for your direct deposit to hit
your account (typically 2-4 weeks).


Collect a bonus of $50 to $250
depending on your direct deposit amount

Get your paycheck early.4

You’ll automatically get your paycheck up to two days early every time you get paid.

No-fee Overdraft Coverage.5

We’ll cover you up to $50 with no fees if you accidentally spend more than you have.

$250 welcome bonus1

Cha-ching! Get a $250 bonus in your online bank account when you set up direct deposit.

Up to 4.30% APY1

Members with direct deposit can earn 4.30% APY on their savings and Vaults balances, and 1.20% APY on their checking balances.

Learn more about direct deposits.


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