SoFi

John wants you to get $50.

Get a $50 welcome bonus when you sign up for SoFi Money® and fund the account with $500 or more—plus, you can get cash back rewards when you spend on a debit card with no account fees.

Claim your bonus

Helping members reach
financial independence since 2011.

1,000,000+

members and counting

98%

of surveyed members would
recommend SoFi to a friend4

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.

Get Your Money Right.®

We believe your money should help you achieve your ambitions, not
hold you back. That’s why SoFi Money has no account fees and
earns you cash back rewards when you spend and save.

Pay no account fees and no ATM fees at 55,000 ATMs.1

Earn cash back rewards on spending with recurring $500 monthly deposits.

Earn 5x the national average on savings with recurring $500 monthly deposits.2

Official Rules

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 promotional campaign for that link. Please note, you will have separate referral links for: 1) Credit Card; 2) Invest; 3) Money; and 4) Personal and Student Loans. You may receive only one referral reward and one welcome bonus per new customer. You will not receive multiple referral bonuses for the same friend taking out multiple loans or products, nor will your friend receive multiple welcome bonuses for taking out multiple loans or products. SoFi mortgages are not eligible for referral rewards. Additional terms and conditions apply.

Program terms—Part I

General terms and conditions—Part II

Broker Check

Rule 606 Order Routing | Statement of Financial Condition

SoFi Money® is a cash management account, which is a brokerage product, offered by SoFi Securities LLC. Member FINRA/SIPC. Neither SoFi nor its affiliates are a bank.

This is not an offer, or solicitation of any offer to buy or sell any security, investment or other product.

1 We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You 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. Accounts opened prior to June 8, 2020 will continue to receive reimbursement for all ATM fees under our prior policy. SoFi Securities ATM policies are subject to change at our discretion at any time.

2 As of 6/8/2020, accounts with recurring monthly deposits of $500 or more each month, will earn interest at 0.20% APY. All other accounts will earn interest at 0.01% APY. Interest rates are variable and subject to change at our discretion at any time. Accounts opened prior to June 8, 2020, will continue to earn interest at 0.20% APY irrespective of deposit activity. SoFi Securities reserves the right to change this policy at our discretion at any time. Additional information about the interest earned on your SoFi Money account can be found at the SoFi Money Rate Sheet.

3 The cash balance in SoFi Money cash management accounts is swept to one or more program banks where it earns a variable rate of interest and is eligible for FDIC insurance. FDIC Insurance does not immediately apply. Coverage begins when funds arrive at a program bank. There are currently six banks available to accept these deposits, making customers eligible for up to $1,500,000 of FDIC insurance (six banks, $250,000 per bank). If the number of available banks changes, or you elect not to use, and/or have existing assets at, one or more of the available banks, the actual amount could be lower. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each of the Program Banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits in SoFi Money or at Program Banks are not covered by SIPC.

4 Based on a survey of 1,642 SoFi members from 02/21/2019 to 03/13/2019 who funded a loan with SoFi within 6 months of the survey date, 98% of participants would recommend SoFi to a friend. This should not be confused with SoFi’s Net Promoter Score®, which is a separate survey that uses a different scoring model. This statistic isn’t recommending or endorsing any product or service offered through SoFi Wealth LLC, including automated investing, financial planning and SoFi Advice.

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