7 Direct Deposit: To qualify for an additional 0.25% APR direct deposit discount you must: (1) set up autopay with SoFi Checking and Savings within 20 days of the funding of your loan, AND (2) setup payroll direct deposits of at least $1,000/mo to SoFi Checking and Savings within 35 days of the funding of your loan. If you do not set up autopay with SoFi Checking and Savings within 20 days of the funding of your loan, AND setup payroll direct deposits to SoFi Checking and Savings within 35 days of the funding of your loan you will not be qualified for this additional 0.25% direct deposit discount. Once qualified, you will receive this additional 0.25% direct deposit discount during periods in which you have direct deposits of at least $1,000/mo turned on with your SoFi Checking and Savings account. This additional direct deposit discount will be lost during periods in which you have turned off direct deposits for your SoFi Checking and Savings account. You are not required to enroll in autopay or direct deposits to receive a loan from SoFi. The Direct Deposit Rate Reduction excludes members from receiving the $100 SoFi Checking and Savings® direct deposit promotional program.
This is not an offer, or solicitation of any offer to buy or sell any security, investment or other product. You can find additional information regarding SoFi Securities LLC and its registered persons at FINRA’s website. The firm reserves the right to monitor and retain all incoming and outgoing communications as permitted by applicable law.
* SoFi Lending $20 Check Your Rate on a Personal Loan (“Promotion”): The Promotion is offered by SoFi Lending Corp. or an affiliate (SoFi). SoFi reserves the right to change or terminate this Promotion at any time with or without notice to you. No purchase necessary to participate. Additional terms and conditions may apply. Promotion is void where prohibited by state law.
Eligible Participants: The Promotion is open to anyone who resides within the United States and is of the age of majority in the state in which they reside. To receive a $20 bonus in a SoFi Checking or Savings account or SoFi Money account through the Promotion you must agree to a soft credit pull on www.SoFi.com to check your rate for the following SoFi product(s): Personal Loan. Checking your rate will not affect your credit score. If you later decide to submit an application and agree to a hard credit pull your credit score may be impacted. Participants will receive the $20 bonus regardless of whether or not they are pre-qualified for a SoFi personal loan. In order to be eligible for the promotion, the participant must either have an existing SoFi Money or SoFi Checking and Savings account, or apply to open a SoFi Checking and Savings account within 60 days after earning the bonus. Those who have already received a $10 or $20 bonus for checking their rate on a Personal Loan, Student Loan Refinance, Private Student Loan or Home Loan in the 2022 calendar year are not eligible for this promotion. Notwithstanding the above, SoFi reserves the right to exclude any consumer from participating in the Promotion for any reason, including suspected fraud, misuse, or if suspicious activities are observed.
Promotion Period: This promotion is available beginning 12pm ET May 23, 2022 and ends 12pm ET June 3, 2022.
Payout: Eligible participants who have SoFi Checking and Savings accounts will receive the $20 bonus within a SoFi Checking account. If the participant has a SoFi Money cash management account, and does not have a SoFi Checking and Savings account, the bonus will be deposited to SoFi Money. If the participant does not have a SoFi Checking and Savings or SoFi Money account, they must apply for SoFi Checking and Savings in order to receive payout. If the participant is rejected for a SoFi Checking and Savings account, SoFi will fulfill the bonus via ACH transfer pending completion of a W9 form by the applicant.
Tax Consequences: Bonus amounts of $600 or greater in a single calendar year will be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required 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 Invest: Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Past performance, historical returns, future projections, and statistical forecasts are no guarantee of future returns or future performance.
SoFi Invest refers to the three investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below.
1) Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-Registered Investment Adviser (“Sofi Wealth“). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC.
2) Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA/SIPC, (“Sofi Securities). Clearing and custody of all securities are provided by APEX Clearing Corporation.
3) Cryptocurrency is offered by SoFi Digital Assets, LLC, a FinCEN registered Money Service Business.
For additional disclosures related to the SoFi Invest platforms described above, including state licensure of SoFi Digital Assets, LLC, please visit SoFi.com/legal.
Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform. Information related to lending products contained herein should not be construed as an offer or pre-qualification for any loan product offered by SoFi Lending Corp and/or its affiliates.
SoFi Crypto is offered through SoFi Digital Assets, LLC. Important: Bitcoin and other cryptocurrencies aren’t endorsed or guaranteed by any government, are volatile and involve a high degree of risk.
Consumer protection and securities laws don’t regulate cryptocurrencies to the same degree as traditional brokerage and investment products. Research and knowledge are essential prerequisites before engaging with any cryptocurrency. US regulators, including FINRA, the SEC, and the CFPB, have issued public advisories concerning digital asset risk. Cryptocurrency purchases should not be made with funds drawn from financial products including student loans, personal loans, mortgage refinancing, retirement funds or traditional investments.
SoFi will apply a markup of up to 1.25% for each crypto transaction. For more information, visit SoFi.com/crypto.
Cryptocurrency trading is made available via SoFi Digital Assets, LLC, a FinCEN registered Money Service Business.