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

Unlock SoFi Plus at no extra
cost with direct deposit.

Ready to plus up your ambitions? Get our highest APY1 on
your savings balances and more.

  • • Get a 0.25% rate discount on personal loans.*
  • • Earn 2x rewards points for qualifying activity.^
  • • Gain exclusive early access to IPOs.†

Learn more

1Offer ends 12/31/23. Terms apply. For complete details, read the SoFi Plus terms.

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 4.60% APY1

Members with direct deposit can earn 4.60% APY on their savings and Vaults balances, and 0.50% APY on their checking balances.

Learn more about direct deposits.


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