John wants you to get $325 and to stop paying account fees!
For a limited time, get $25 when you sign up for a SoFi Checking & Savings account and deposit at least $10. Get an additional $3006 and earn up to 1.50% APY1 (50x the national average!!)2 plus free overdraft coverage3 and get paid up to 2 days early with qualifying direct deposits.4 Best of all, you won’t pay any account fees!Claim your bonus
*You may not use P2P transactions (eg. SoFi’s “Send money to a friend” or by linking your SoFi® debit card to Venmo) to fund your new account.
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We work hard to charge no account fees. With that in mind, our fees charged are subject to change at any time. See our terms and conditions.
Earn more with SoFi
With no account fees and 1.50% APY,1 you’ll earn more interest in eight days with SoFi
than you would in an entire year in a big bank’s checking or savings account.
The following describes the terms of service which apply to participation in the referral or account opening promotional programs (collectively, the “Referral Programs“) currently offered by Social Finance, Inc. (“SoFi“) and its affiliates. If you wish to participate in any Referral Program described below, you agree to the terms for such Referral Program described in Part I below, as well as the General Terms and Conditions in Part II, which apply to all Referral Programs.
*Please note that any friend whom you’d like to refer must use your specific product referral link in accordance with the terms and conditions associated with the specific promotional campaign for that link. Note you have separate referral links for (1) Personal Loans and Student Loans, (2) Checking and Savings, (3) Money, (4) Invest products (5) Credit Card, and (6) referring to the app generally. Only one referral reward and one welcome bonus per new customer. You will not receive multiple referral bonuses for the same friend taking advantage of multiple promotions, nor will your friend receive multiple welcome bonuses for taking advantage of multiple promotions. SoFi mortgages are never eligible for the SoFi Referral Program. Additional terms and conditions apply.
The terms below and those set forth in Part II govern your participation in SoFi Lending Corp’s (“SLC”) Loan Referral Program (the “Loan Referral Program”) described below. The Loan Referral Program is open to any consumer who registers on SoFi’s website and who resides outside of the state of Vermont (the “Eligible Loan Referrer(s)”).
Eligible Loan Referrers are limited to refer friends, colleagues, family members, and other people they (collectively, the “Eligible Loan Recipient(s)”) believe may be interested in applying for a student loan or personal loan product as described in a specific promotional campaign (collectively, the “Eligible Loan(s)”). SLC reserves the right to disqualify anyone from participating in the Loan Referral Program at any time. The Eligible Loan Referrers will NOT receive a Loan Referral Bonus for referrals for any other SLC loan products. Anyone who violates these terms and conditions is ineligible for payment of any bonus.
To receive credit for a referral under the Loan Referral Program, Eligible Loan Referrers must send their unique referral link to an Eligible Loan Recipient, the Eligible Loan Recipient must use their Eligible Loan Referrer’s unique referral link within 120 days after receipt of the Eligible Loan Referrer’s unique referral link, and the Eligible Loan Recipient must meet the terms and conditions of the specific promotional campaign associated with the unique referral link that was used for the referral. Further, in order for the Eligible Loan Recipient to receive their Loan Welcome bonus for a SoFi Personal Loan, the loan must still be an active loan in good standing ninety (90) days after the disbursement date. If the Eligible Loan Recipient uses the Eligible Loan Referrer’s unique referral link and meets the terms and conditions of the specific promotional campaign associated with that unique referral link, SLC or its designee shall pay to (a) the Eligible Loan Referrer, a referral bonus into a SoFi Checking and Savings Account in the amount specified in the promotional campaign associated with the unique referral link that was used for the referral (the “Loan Referral Bonus”); and (b) the Eligible Loan Recipient, a welcome bonus into a SoFi Checking and Savings Account in the amount specified in the promotional campaign associated with the unique referral link that was used for the referral(the “Loan Welcome Bonus”). If either the Eligible Loan Referrer or the Eligible Loan Recipient does not qualify for the SoFi Checking and Savings Account SoFi may offer other payment options at SoFi’s sole discretion. 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. No Loan Welcome Bonuses will be paid out to Eligible Loan Recipients who reside in the state of Ohio at the time their loan is funded. Further, and notwithstanding the above, the following additional restrictions shall apply (1) Loan Referral Bonuses for funded loans to Michigan residents will be capped at $500 per loan, (2) no Loan Referral Bonus will be paid to otherwise Eligible Loan Referrers who are residents of Vermont, and (3) no Loan Referral Bonus will be paid for otherwise funded loans made to Vermont residents. An Eligible Loan Referrer will not earn a 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. We cannot disclose to you any information about funded loans opened by any Eligible Loan Recipients you refer to us. Participation in the Loan Referral Program serves as a one-time limited waiver of privacy rights by both parties, whereby each may become aware of the presence of an account relationship with SLC.