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New SoFi Money Account - $50 signup & $50 referral bonus + Direct Deposit Bonus

+16 Deal Score
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INew SoFi Money Account - $50 signup & $50 referral bonus + Direct Deposit Bonus

SoFi Bank has a new offer of $50 for signing up and $50 for referrers. The new account must be funded with $500 or more to qualify. Furthermore, there's an additional offer of a $75 total bonus for a $500 Payroll Direct Deposit within 30 days of account opening. The terms of the direct deposit promotion look as though the referral receives an extra $25 bonus and the referrer receives an extra $50 bonus (Please see terms and conditions in the Direct Deposit link below.)

https://www.sofi.com/money/

https://support.sofi.com/hc/en-us...osit-Promo

New members MUST be referred by a current member to receive the $50 bonus. The above link is for informational purposes. You will not receive a bonus by signing up though it.

*P.S. Referrals of any kind are not permitted on Slickdeals. Please do NOT ask for or offer any referrals in this thread, including via PM. Your account can be banned for this behavior.

I've completed multiple SoFi bonuses in the past with very little effort. Last year, the sign-up and referral bonus credited in approx. 2 days and the total funds were able to be withdrawn in 7-10 days. You can refer your friends and family as well. This bonus is not their highest historically, but is decent for the ease of completing. The account itself offers a .25 APY and has no minimums or fees. Also, they offer promotions/bonuses fairly regularly for this and other products such as Sofi Invest.
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Created 07-31-2020 at 05:16 AM by KAOSINLA
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Joined Jul 2005
L6: Expert
> bubble2 1,019 Posts
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jay
07-31-2020 at 05:21 AM.
07-31-2020 at 05:21 AM.
I've been using SoFi. Referred others previously and the bonus posted quickly.

They're currently offering 10% cash back at:
Netflix
Spotify
Disney+
Trader Joe's
Whole Foods
Instacart
Reply
Last edited by jay July 31, 2020 at 05:30 AM.
Joined Nov 2006
L2: Beginner
> bubble2 91 Posts
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sundevils
07-31-2020 at 05:34 AM.
07-31-2020 at 05:34 AM.
I got a referral and signed up and then referred a few people. All of my bonuses posted quickly. I have no complaints with Sofi.
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Joined Dec 2004
L3: Novice
> bubble2 231 Posts
94 Reputation
Original Poster
KAOSINLA
07-31-2020 at 05:57 AM.
07-31-2020 at 05:57 AM.
Quote from jay :
I've been using SoFi. Referred others previously and the bonus posted quickly.

They're currently offering 10% cash back at:
Netflix
Spotify
Disney+
Trader Joe's
Whole Foods
Instacart
Thanks for adding that add'l info!
Reply
Joined Sep 2018
L2: Beginner
> bubble2 27 Posts
14 Reputation
Cheapyfellow
07-31-2020 at 06:44 AM.
07-31-2020 at 06:44 AM.
Sofi doesn't allow account creation if you are on visa. Needs perm resident.
1
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Joined Dec 2008
L5: Journeyman
> bubble2 514 Posts
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Coupon_King
07-31-2020 at 07:26 AM.
07-31-2020 at 07:26 AM.
Does anyone know how to get around the direct deposit requirement? Does PayPal work?
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Joined Oct 2010
L7: Teacher
> bubble2 2,312 Posts
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junhao123
07-31-2020 at 07:56 AM.
07-31-2020 at 07:56 AM.
And does this require a hard pull?
Reply
Joined Oct 2018
L2: Beginner
> bubble2 39 Posts
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TalentedTexture7001
07-31-2020 at 08:24 AM.
07-31-2020 at 08:24 AM.
Quote from junhao123 :
And does this require a hard pull?

No. It does not.
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Joined Apr 2011
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> bubble2 796 Posts
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cmk3521
07-31-2020 at 09:19 AM.
07-31-2020 at 09:19 AM.
Is this the same as the one I see advertised in Samsung Pay?
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Joined Nov 2006
L3: Novice
> bubble2 145 Posts
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hadtoregister
07-31-2020 at 10:26 AM.
07-31-2020 at 10:26 AM.
Am I able to refer someone in the same household? Didn't see anything in the terms.
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Joined Aug 2015
New User
> bubble2 11 Posts
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rlacker
07-31-2020 at 10:34 AM.
07-31-2020 at 10:34 AM.
Do I need to be referred by someone to get the $50 sign up bonus?
Reply
Joined Oct 2018
L2: Beginner
> bubble2 39 Posts
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TalentedTexture7001
07-31-2020 at 11:16 AM.
07-31-2020 at 11:16 AM.
Quote from cmk3521 :
Is this the same as the one I see advertised in Samsung Pay?

Yes. I think so.
Reply
Joined Sep 2009
L7: Teacher
> bubble2 3,624 Posts
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aznxenon
07-31-2020 at 11:53 AM.
07-31-2020 at 11:53 AM.
What's the difference between this and Samsung Money by Sofi? I need to sign up for a Samsung Money acct but there's no bonus there
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Joined Aug 2005
L3: Novice
> bubble2 210 Posts
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stickman2267
07-31-2020 at 01:29 PM.
07-31-2020 at 01:29 PM.
They just changed their ACH number so I had to change all my autopays.... slightly annoying.
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Joined Apr 2018
L2: Beginner
> bubble2 60 Posts
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DethBlade
07-31-2020 at 01:44 PM.
07-31-2020 at 01:44 PM.
Does this work if i applied for the samsung money?
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