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SoFi Invest - $100 bonus after $1000 deposit (additional $25 bonus available for optional crypto trade)

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SoFi Invest (different from SoFi Money) has a bonus where they will give you $100 worth of your favorite stock to start building your portfolio when you fund your SoFi Invest account with at least $1,000. You can easily cash it out and withdraw the money after the bonus posts within 10 days. Many members are reporting seeing the bonus within 1-2 days :-)
  1. Find a friend who is a SoFi member and ask them for their referral link to signup for SoFi invest.
  2. Choose your favorite stock (choose a stable stock like Microsoft if you want to cash out the $100 bonus right away)
  3. Transfer in $1,000 to your SoFi active investing account—this triggers your free 'Stock Bit' (i.e. the $100 of free stock).
  4. You'll see the $100 of free stock (i.e. the Stock Bit) in your account "within ten days", although most SoFi members are reporting receiving the bonus after only 1-2 days :-) You can cash out immediately and pocket the bonus.
  5. [optional] You can also make an additional $25 (making the bonus $125) for executing a crypto trade of at least $10. You just transfer an additional $10 into the Crypto account and purchase crypto - I bought and sold right away (only lost about 30 cents from the $25 bonus). If you do this, you'll need to make sure you transfer in $1010 to cover the $10 for the crypto trade.

A 10% return on investment after only 10 days is extremely good in my opinion. This is much easier than waiting 90 days for a $50k investment like the other banking deals on SD (CIT, etc.). For those that don't want to transfer in $1000, Sofi Money also has a $50 signup bonus for transferring in $100 after being referred by an existing SoFi member.

(New members MUST be referred by a current member to receive the bonus. Do not sign up via their website or the link below). A friendly reminder that SD does not allow referrals of any kind, so please do not ask or offer any referrals in this thread guys.

https://www.sofi.com/invest/

My personal experience: I've been doing banking bonuses for years and this was by far one of the easier deals I've done recently. My $100 posted within a couple days and my $25 crypto bonus was instant. Usually, we all have to wait 90 days when doing bank bonuses with the likes of Chase, Marcus, Capital One, etc. - this bonus was hassle-free in comparison to other banks (no calls to CSRs, etc.). The 10% ROI within a week is nice too....fast and easy.

Update:
I just got an email from SoFi and they said that members now get 20% off all Lyft rides if we connect our SoFi Money card and pay with it. That's pretty cool.
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Last Edited by bikerbandito Yesterday at 11:25 PM
UPDATE [12/10/2019]:

The referral bonus for referers is now paid in the form of a $100 "stock bit" as well (i.e. $100 in stock) instead of straight cash. Users are reporting receiving $100 in IBM stock, which is very stable, and then cashing out at-value.

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Joined Jul 2005
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#3
I'm a current SoFi user. Referred a couple family members who got their $100 bonus 1-2 days after their deposit. Bitcoin bonus shows up within a few minutes.
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#4
Quote from jay
:
I'm a current SoFi user. Referred a couple family members who got their $100 bonus 1-2 days after their deposit. Bitcoin bonus shows up within a few minutes.
Nice, I also got the bitcoin bonus instantly and saw the $100 bonus in a few days. Did you buy Etherium for the trade? That's what I traded and only "lost" about $0.30 between buying and selling, so my crypto bonus came out to $24.70 :-)
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Last edited by bikerbandito November 21, 2019 at 11:46 PM.
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#5
I'm a current sofi invest user too. My bonus posted about 2 days later. I have a Sofi money account as well which has 50$ bonus offer. So far no complaints.
Here is a good review of sofi invest if you are interested in investing with sofi rather than getting the bonus alone.
https://www.magnifymoney.com/blog...th-review/

I also have Varo which has 100$ referral bonus for new user and referrer each with 200$ dd. They also offer 2.8% apy with 1000$ monthly dd and 5 debit transactions.
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Last edited by TalentedTexture7001 December 3, 2019 at 03:11 PM.
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#6
Quote from bikerbandito
:
Nice, I also got the bitcoin bonus instantly and saw the $100 bonus in a few days. Did you buy Etherium for the trade? That's what I traded and only "lost" about $0.30 between buying and selling, so my crypto bonus came out to $24.70 :-)
Where would bitcoin offer be?
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Joined Jul 2005
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#7
Quote from cdubsstep
:
Where would bitcoin offer be?
Shows up on the Main screen in the app. You may have to pull down to refresh the page a couple of times.
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#8
thats awesome! i am not offering any referrals, but i did notice it was possible to find referrals from a simple google search like 'sofi referral'
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Joined Jun 2012
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#9
Dang, I don't know anyone who has a Sofi invest account.

EDIT: Nvm, a kind gentleman got me a referral link
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Last edited by orangejuice57 November 23, 2019 at 09:59 PM.

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#10
how risky is this investment and is it worth it in the long run to build a solid portfolio?
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Joined Nov 2004
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#11
if I have the SoFi money acc only, do I still considered as a new member for the Invest acc?
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Joined Nov 2009
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#12
i see that they recently increased the bonus from $50 to $100.
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#13
Must find a referral
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#14
So if I open money account 1st and deposit 100, I should be getting 100. Do I need another referral for invest account?
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#15
If I deposit 1000,and get the bonus I can pull out my 1000 back out right after?
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