SoFi Blog

Tips and news—
for your financial moves.

Banking for College Students

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Student Checking and Savings Offer

Get award winning banking – and up to $301.

With SoFi’s Student Checking and Savings Offer, you can get a $301 cash bonus by simply signing up and funding your account. Sign up with your .edu email address to get started. You must sign up through this webpage to receive the $30 offer.


Open an account

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Sign up offers

Here’s how to cash in on up to $30.1

  • Get a $301 cash bonus when you sign up for a student bank account with your .edu email address and add at least $10 to your account within 5 days of registration. You must sign up through this webpage to receive the $30 offer.

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See why 1 million students

have chosen SoFi2.

Focus on degrees, not fees

No overdraft fees. No minimum balance fees. No monthly fees. Plus, 55,000+ fee-free ATMs within the Allpoint Network.3

Do it all in one app.

Pay bills, deposit checks, send money, manage your digital wallet, and get live customer support 7 days a week, all in the SoFi app.

Save with Vaults

Whether it’s for spring break or a rainy day, savings Vaults are here to help you reach your goals.

Your money is safe with us

Access additional FDIC insurance up to $3M on deposits through a seamless network of participating banks. Learn more and opt in here.6


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    Do it all from our app.

    Simplify your finances with mobile banking features designed for students like you:


  • Send and receive money



  • Set up your Digital Wallet (Apple Pay, Samsung Pay, Google Pay)


  • Log in with secure Face ID


  • Instantly lock/unlock your debit card if it’s lost or stolen.


  • Receive real-time account alerts to stay in the know.


  • Open an account

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Have a job?
Unlock even more with direct deposit.


Open an account

Already have an account? Set up direct deposit

Get your paycheck early.

You’ll automatically get your paycheck up to two days early every time you get paid.
7

No-fee Overdraft Coverage.

We’ll cover you up to $50 with no fees if you accidentally spend more than you have.8

$300 welcome bonus

Cha-ching! Earn $50 or $300 when you set up eligible direct deposit of $1,000 or more9. Terms apply.

Up to 3.60% APY

Direct deposit your pay or add $5,000 every 30 days to earn 3.60% APY on your savings and Vaults.10 11


Sign up


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FAQs


Can a student open a bank account online?

Yes! All you need to do is enter your basic information. It really is that simple.


How old do I have to be to get the SoFi Student Checking and Savings Offer?

All SoFi bank account holders need to be at least 18 years or older.


Are there fees to open a bank account?

No, SoFi doesn’t require any fees or a minimum deposit to open a bank account.


How do I get the $30 sign-up bonus?

You must open an account from this webpage in order to receive the $30 offer.

Simply open an account using an .edu email address and fund with a minimum $10 within 5 days of registration to receive your one-time cash bonus of $30.1


What happens to my account when I graduate?

Your account remains active and usable after you graduate.


What are savings Vaults?

Vaults are savings goals you can set up within your SoFi savings account. These are not separate accounts but an extension of your savings account. You can have up to 20 Vaults open at any time.


What do students need in order to open a bank account online?


All SoFi bank account holders need to be at least 18 years or older.

You’ll also need a Government-issued ID and you must open an account from this webpage in order to receive the $30 offer.


Read more

Banking for California Students

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CHECKING AND SAVINGS

Banking for you
—and future you too.


Now college students just like you can bank with SoFi. Earn up to $30**, pay no account fees, and more. Sign up with your .edu email address to get started.




Open an account

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SIGN UP OFFERS

Here’s how to cash in on up to $30.**

  • Get $10* when you sign up with your .edu email address and add at least $10 to your account.
  • Get $20* when you spend $100 on your SoFi debit card in the first 30 days after opening your account.

**$30 (3,000 rewards points) when redeemed into SoFi Checking and Savings. Terms apply.

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A bank account
that loves you back.

Don’t get F’d by fees.

Pay no account fees, no ATM fees at 55K+ Allpoint locations, and skip the overdraft fees with overdraft protection.1

On the go, just like you.

Keep an eye on your spending and saving, pay friends and family, get real-time alerts, and more. All in the app.

Savings Vaults for your savings goals.

Vaults make it easy to organize your savings, set up recurring deposits, and track your progress.

Here when you need it.

Book time with a career coach or meet with one of our financial planners for help with the hard stuff. The best part? It’s available at no additional cost.

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Score exclusive SoFi swag
when you sign up.

You’ll be one of the first students to open a SoFi bank account, so it’s only right that you’ll also be one of the first students to rock our newest swag. Don’t wait—there are only so many items available.



Open an account


Offer limited to the first 100 sign-ups at each school.

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Money lessons they don’t always
teach in school.

Pop over to SoFi Learn to explore financial content galore. Think of it like a study-guide-meets
-cheat-sheet, full of helpful financial tips, tools, and topics.








Check out SoFi Learn

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Sound good?
Sign up!

You’ll get $10 (1,000 rewards points) once you sign up with your .edu email address and add at least $10 to your account. If you’re one of the first 400 students to sign up, we’ll send you SoFi swag too.


Open an account


Offer limited to the first 100 sign-ups at each school.


Read more
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