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Save for the Holidays With SoFi

Unprecedented as the year has been, this holiday season is certain to be unlike any other.

Face masks at family gatherings, caroling in online meetups, Santa’s gifts arriving via mail—you name the tradition, and it will probably need some tweaking and adjustment.

But adapting doesn’t have to mean finding lesser substitutions or just making do. Not being able to do things the usual way can be an opportunity to explore, discover—and innovate. Perhaps you’ll start a new tradition that you otherwise never would have tried. Or your improvisation of an old, beloved one will be such an improvement that it will be the way your family does it from now on.

The Season of Giving—and Spending

Of course, for many of us, celebrating this time of year is synonymous with spending. After all, the day after Thanksgiving is called Black Friday for a reason: the kick-off to holiday shopping, it’s said to be the busiest day of the year for merchants, when they finally go from being in the red to the black.

Indeed, retailers rang up $730.2 billion in total holiday sales last year, according to the National Retail Federation.

Roughly $168 billion of those sales were online and from other non-brick-and-mortars, up nearly 15% from the previous year. Of course, this socially-distanced Christmas, that total—and rate of increase—are bound to be even higher.

Cyber Monday and Black Friday may be about to merge. The long weekend, with Small Business Saturday wedged in, may very well break sales records (if not the internet!).

5 Ways to ‘Find’ Extra Money


To help you make the most of the season, SoFi compiled this list of five ways you can get money back–and to save or stretch your dollar—when using our products. Here’s to holidays that are memorable for the right reason: because they’re wonderful in new ways!

1. Opening an Account with SoFi Checking and Savings

If you sign up for SoFi Checking and Savings® and move $250 to your account, we’ll add $25 to your account. To make the bonus an even $100, just set up a direct deposit for $500 a month (or recurring direct deposits that add up to $500 a month)2. This offer stands till the end of the year: Dec. 31.

2. Putting Purchases on Your SoFi Checking and Savings Debit Card

For transactions that post from Nov. 23 through Dec. 24, SoFi will match 100% of each roundup to the nearest dollar, up to a total of $50. To receive the holiday roundup match (in your vault of choice), you just need to opt into roundups.3

3. Checking Your Rate on SoFi Student Loans, Personal Loans and Home Loans

Limited time offer: Check your rate on student loans and refinancing, personal loans, and home loans and refinancing with SoFi by Nov. 30, and we’ll give you a $10 bonus (see full terms and conditions). Take a break from high interest—checking your rate takes just minutes and won’t affect your credit score.1

4. Using Your SoFi Credit Card

Earn up to 2% unlimited cash back when you redeem the cash to save, invest, or pay down an eligible SoFi loan. How it works: for eligible purchases on your no-annual-fee† SoFi credit card, you can get 1% cash back.^ When you redeem the 1% to save, pay toward a SoFi student or personal loan, or invest on the SoFi platform, we’ll kick in an additional 1% toward your goal, for a total 2%. (Our credit card is currently available to SoFi members who received an emailed invitation; you can join the waitlist if you are a member and haven’t received the invitation yet.)

5. Getting SoFi Relay

Download the SoFi app and link your accounts to track your spending, monitor your credit score, and more. Rather than cash back, the return for activating SoFi Relay is more long term: financial insights that can help you reach your goals—and celebrate the holidays to come.

¹Checking Your Rates: To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

^You can earn rewards points of 1% of all eligible purchases. If you elect to redeem points as cash deposited into your SoFi Checking and Savings® account, for shares in your SoFi Invest® account, or as payments to a SoFi Student or Personal Loan, then SoFi will match the value with an additional 1% in cash, so you will receive a total of 2% cash back. For more details, please see Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA/SIPC.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see Equal Housing Lender.

SoFi Checking and Savings
SoFi Money is a cash management account, which is a brokerage product, offered by SoFi Securities LLC, member FINRA / SIPC .

SoFi Bank Debit Card issued by The Bancorp Bank.
SoFi has partnered with Allpoint to provide consumers with ATM access at any of the 55,000+ ATMs within the Allpoint network. Consumers will not be charged a fee when using an in-network ATM, however, third party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.
SoFi Invest®
The information provided is not meant to provide investment or financial advice. Investment decisions should be based on an individual’s specific financial needs, goals and risk profile. SoFi can’t guarantee future financial performance. Advisory services offered through SoFi Wealth, LLC. SoFi Securities, LLC, member FINRA / SIPC .

The SoFi Credit Card is issued by SoFi Bank, N.A. pursuant to license by Mastercard® International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

2The following describes the terms that apply to participation in the SoFi Checking and Savings account $25 funding offer (“Funding Offer”) offered by SoFi Securities LLC (“SoFi”). Only new SoFi Checking and Savings members are eligible for this offer. Existing Money members (and those who previously closed their Money accounts) are not eligible. To receive the Funding Offer, participants must first apply and successfully open a SoFi Checking and Savings checking and savings account. To receive the $25 promotional balance, deposit(s) of $250 or more must be made in the new account by the new SoFi Checking and Savings member. Within 3 business days of such a deposit, qualifying participants will receive a $25 deposit into their SoFi Checking and Savings account. This offer is limited to one per account. This is a limited time offer that will expire on 112/31/2020 at 5pm ET. SoFi reserves the right to expire the offer at any time. The deposit of $250 or more must be made into the new account prior to 12/31/2020. Participants must comply with the SoFi Checking and Savings terms of use. Any fraudulent or returned funding will result in disqualification. 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. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer, consult your tax advisor to determine applicable tax consequences. SoFi reserves the right to change or terminate the offer at any time or without notice.

3The following describes the terms that apply to participation in the SoFi Checking and Savings Holiday Roundups Match Program (“Program”) offered by SoFi Securities LLC (“SoFi”). This Program is offered solely by SoFi, and not by any named merchant or any other third party. Qualifying SoFi Checking and Savings Members are opted into the Program by opting in to Roundups feature and using their SoFi Checking and Savings debit card to make a purchase. Promotion Period: The Program will be available between 11/23/2020 at 12:00 AM PST and 12/24/2020 at 11:59 PM PST. Eligible Participants: Participation in the Program is open to all SoFi Members with a SoFi Checking and Savings account with $500 in monthly deposits or more, or an account that was opened prior to June 9, 2020, who reside within the United States and have opted in to the Roundups feature.Eligible Transactions: All purchases using a SoFi Checking and Savings debit card and posted during the Promotion Period, are eligible for Cash Back under the terms of the Program. P2P transfer transactions (e.g. Venmo/Paypal/Square) and wire transfer transactions are excluded. Cash Back Terms: For each Eligible Transaction posted during the Promotion Period, Members will receive a credit to their SoFi Checking and Savings account equal to to 100% of the Roundup for that transaction, up to a maximum aggregate cap of $50 during the Promotion Period. Purchases of whole dollar amounts (e.g. $1.00) will not be rounded up and therefore will not receive cash back. Cash Back credits may post up to 5 business days after the eligible transactions are posted. There is a maximum aggregate cap on Cash Back bonuses of $50 per Account for this Program. Purchases that are made when Roundups are not enabled for an account will not receive cash back and cannot be backdated. SoFi is not liable for payment delays caused by named merchants or any third-party vendors. 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.


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ABOUT SoFi SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing, and protecting give our more than one million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. For more information, visit Want an easy and convenient way to manage your financial life? Get the SoFi app. For iOS and Android.

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