SoFi Checking and Savings is offered through SoFi Bank, N.A. Member FDIC.
1Bank Referral Program
The following terms and conditions govern your participation in the SoFi Bank Referral Program (“Bank Referral Program”) during the Promotion Period (as defined below). The Promotion provides:
• A Standard Bonus for each qualifying referral. The Standard Bonus amount differs for the Eligible Bank Referrer ($75 or $100) and the Eligible Recipient ($50), as described in the “Standard Bonus” section below; and
• A SoFi Plus Additional Bonus ($25 for each party) if the Eligible Recipient also subscribes to SoFi Plus within the required timeframe described below.
For additional information about SoFi Plus membership benefits, pricing, and terms, please visit sofi.com/sofi-plus.
Promotion Period
June 24, 2026 at 12:00 a.m. E.T. – December 31, 2026 at 11:59 p.m. E.T.
Only referrals that satisfy all required activities during the Promotion Period will qualify for this Promotion.
Eligible Bank Referrer Requirements
To be eligible for a referral bonus under this Promotion (including both the Standard Bonus and the SoFi Plus Additional Bonus), a referrer (an “Eligible Bank Referrer”) must:
• Share their unique referral link during the Promotion Period; and
• Have an existing SoFi Checking and Savings account in good standing at the time of their referral bonus payment.
Eligible Recipient Requirements
To be eligible for the Standard Bonus, an Eligible Recipient must:
Apply and successfully open a SoFi Checking and Savings account as their first SoFi product by clicking the referral link from their friend (individuals who have previously applied for but did not successfully open or enroll in another SoFi product remain eligible); and
Make deposits totaling $50 or more that settle within 21 calendar days from clicking on the referral link.
Deposits must be made via an ACH transfer from a linked bank account, direct deposit, via “Instant Transfer” from a debit card (if available), from cash deposits, mobile check deposits (if available), or wires. Peer-to-peer (P2P) transfers are excluded (P2P transfers are defined as ACH-based P2P or debit-card based P2P transfers from Venmo, PayPal, Apple Cash, Square Cash, Zelle, etc.).
To be eligible for the SoFi Plus Additional Bonus, an Eligible Recipient must first satisfy all requirements for the Standard Bonus outlined above and then:
• Subscribe to SoFi Plus for $10/month within 21 calendar days after clicking on the referral link.
The Eligible Recipient must open a SoFi Checking and Savings account before subscribing to SoFi Plus.
Standard Bonus
Once both the Eligible Bank Referrer and Eligible Recipient have met all eligibility requirements, SoFi will credit each party a cash bonus (each, a “Standard Bonus”), with the amount determined as follows:
Eligible Recipient Standard Bonus:
The Eligible Recipient will receive a cash bonus of:
• $50 into their SoFi Checking account for opening a SoFi Checking and Savings account and making deposits totaling $50 or more.
Eligible Bank Referrer Standard Bonus:
The Eligible Bank Referrer will receive a cash bonus in one of the following amounts, credited into their SoFi Checking account:
• $100 if the Eligible Bank Referrer is a SoFi Plus Member, has received an Eligible Direct Deposit (defined below) into their SoFi Checking and Savings account, or has received $5,000 or more in Qualifying Deposits (defined below).
OR
• $75 if the Eligible Bank Referrer is not a SoFi Plus Member, does not meet the Eligible Direct Deposit (defined below), or has not received $5,000 or more in Qualifying Deposits (defined below).
SoFi Plus Additional Bonus
If the Eligible Recipient subscribes to SoFi Plus for $10/month within 21 calendar days after clicking on the referral link, SoFi will credit:
• The Eligible Recipient a $25 cash bonus (the “SoFi Plus Additional Bonus”) into their SoFi Checking account; and
• The Eligible Bank Referrer the SoFi Plus Additional Bonus of $25 into their SoFi Checking account.
Bonus Payment Timing
Once all qualifying activities for a particular bonus have been completed and validated by SoFi, that bonus payment will be credited to your SoFi Checking account within seven (7) business days. In all cases, bonus payments will be made no later than seventy-four (74) days after the applicable qualifying activities have been completed.
• The Standard Bonus is earned after the Eligible Recipient opens a SoFi Checking and Savings account and completes deposits totaling $50 or more.
• The SoFi Plus Additional Bonus may only be earned after the Standard Bonus requirements have been satisfied and the Eligible Recipient enrolls in SoFi Plus within the required timeframe.
Standard Bonus payments and SoFi Plus Additional Bonus payments may be issued separately and at different times.
An Eligible Bank Referrer must have an open SoFi Checking and Savings account in good standing in order to receive any bonus payment. If the Eligible Bank Referrer does not have an open SoFi Checking and Savings account at the time the bonus payment is issued, SoFi is not obligated to make the bonus payment.
Additional Terms
This is a limited-time offer from SoFi and is subject to change or expire at any time. See SoFi Referral Program Official Rules and full Bank Referral Program terms at: https://www.sofi.com/referral-program/.
An Eligible Recipient may receive referral bonuses only once when opening their first SoFi Checking and Savings account. After opening their account, they may then participate as an Eligible Bank Referrer and earn referral bonuses for their qualifying referrals, subject to the terms of the Bank Referral Program.
In no event will any Eligible Bank Referrer be entitled to receive more than $10,000 in cumulative referral or direct deposit bonuses under all available SoFi referral programs within any calendar year.
Bonuses are considered miscellaneous income and may be reportable to the IRS on Form 1099-MISC (or Form 1042-S, if applicable). SoFi is required to do this reporting in compliance with applicable federal and state reporting requirements. Recipients are responsible for any applicable federal, state, or local taxes associated with receiving a bonus; consult with your tax advisor to determine applicable tax consequences. SoFi reserves the right to exclude any Member from participating in the Program for any reason, including suspected fraud, misuse, or suspicious activity.
This offer cannot be combined with the SoFi Checking and Savings “Account $20 Open Offer.”
Joint Accounts
Only the primary account holder who opens the new joint Checking and Savings account can be an Eligible Recipient for the referral bonuses.
The secondary account holder added to the joint account is not considered an Eligible Recipient for this offer and will not receive referral bonuses for joining the joint account.
The secondary account holder can still refer new members and earn referral bonuses for their own successful referrals.
Definitions
Eligible Direct Deposit means a recurring ACH deposit of regular income (such as payroll, pension, or government benefits, including Social Security) made to your SoFi Checking and Savings account by your employer, payroll provider, benefits provider, or a government agency. Deposits that are not from one of these sources or that are non-recurring in nature (such as IRS tax refunds) do not qualify. Examples of ineligible deposits include check deposits, peer-to-peer (P2P) transfers (e.g., PayPal, Venmo, Wise, Zelle), merchant transactions (e.g., PayPal, Stripe, Square), ACH transfers from external bank accounts, and wire transfers. There is no minimum Eligible Direct Deposit amount required. SoFi Bank, in its sole discretion, will assess Eligible Direct Deposit activity and may require additional documentation to verify eligibility.
Although we do our best to recognize all Eligible Direct Deposits, a small number of employers, payroll providers, benefits providers, or government agencies do not designate payments as direct deposit. If the Eligible Bank Referrer has satisfied the Eligible Direct Deposit requirements but has not received the correct cash bonus in the respective Checking account, please contact us at 855-456-7634 with the details of your initial Eligible Direct Deposit. After SoFi validates the details of the Eligible Direct Deposit, Eligible Bank Referrer’s correct bonus will be paid.
Qualifying Deposits means one or more deposits, in the aggregate, totaling $5,000 or more into an Eligible Bank Referrer’s SoFi Checking and Savings account within a 31-calendar-day period. Qualifying Deposits may include ACH transfers, inbound wire transfers, peer-to-peer transfers, check deposits, instant funding to Eligible Bank Referrer’s SoFi Debit Card, push payments to SoFi Debit Card, and cash deposits. Qualifying Deposits do not include transfers between Eligible Bank Referrer’s own SoFi accounts (including SoFi Checking, Savings, Invest accounts, or Vaults), interest payments, bonuses issued by SoFi or its affiliates, or credits, reversals, or refunds from SoFi or a merchant. SoFi Bank, in its sole discretion, will assess Qualifying Deposits and may require additional documentation to verify eligibility.
Interest Rates:
Rates are variable and are subject to change at any time.
Rates are current as of 5/28/26.
No minimum balance is required. Fees may reduce earnings.
For SoFi Plus members, SoFi Savings is a tiered-rate account. Earn 4.50% Annual Percentage Yield (APY) on up to $20,000 in one SoFi Savings account, and 3.10% APY on all other Savings balances with a SoFi Plus membership. Promotional APY boost offers cannot be combined on balances earning a 4.50% APY. Rates are current as of 5/28/26. APY is variable and subject to change at any time. There is no minimum balance requirement. Fees may reduce earnings. Terms apply at https://www.sofi.com/terms-of-use/#sofi-plus.
See additional rates and information at: http://www.sofi.com/legal/banking-rate-sheet.
SoFi Plus: SoFi Plus is a premium membership that gives members access to our best rewards, benefits, and more when they pay the SoFi Plus Subscription Fee. Benefits are subject to change and may not be available to everyone. All terms and conditions applicable to the use of SoFi Plus apply. To learn more about SoFi Plus and available benefits and terms, please see the SoFi Plus page.
2$10 subscription fee: Subscribers are billed monthly based on the initial date of subscription.
3$1,000 Value of SoFi Plus membership: The value of a SoFi Plus membership varies depending on benefits used, and there is no guarantee you will reach any specific value. $1,000+ is based on the estimated value of SoFi Plus benefits over a 12-month period assuming: $20,000 deposited in a SoFi Savings account with a 4.50% APY at the start of the 12-month period; $15,000 annual spend on the SoFi Unlimited 2% Credit Card (with a 10% boost on cash back rewards); and one additional 30-minute session (beyond the basic member benefit) with a certified financial planner, with an assumed value of $300. Other benefits may be available. SoFi Credit Card cash back rewards are earned in the form of rewards points, and rewards points redeem at a rate of 1 cent per point. SoFi Plus members must be approved for a SoFi Credit Card in order to receive the corresponding benefit. Estimates valid as of 3/31/26. Terms apply.
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