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

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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 Last year, the sign-up and referral bonus credited in approx. 2 days and the total funds were able to be withdrawn in 7-10 days.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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This comment has been rated as unhelpful by Slickdeals users
Joined Jun 2017
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#16
Quote from sundevils
:
I put 50k in a little over a month ago when they were offering a 1% match on deposits if you keep the money there for 90 days. Got a quick bonus there. They currently have a 1% match on any recurring investments you make before Sept. 30th. I am planning on hitting that up for a bit of a bonus when I decide what I want to buy. So far they seem to have pretty regular bonuses.
I am stuck with sending the pics of DL.. tried twice and both times it failed. I am going to give up now...
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Joined Sep 2003
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#17
How do I refer someone?
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Joined Dec 2004
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Original Poster
#18
Quote from mikedaley
:
How do I refer someone?
Your referral link can be found through the homepage of the app. I couldn't see it via the desktop site. You can go through your profile/invite friends and also there is a section on the homepage that says "referral/invite more friends."
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Last edited by KAOSINLA July 31, 2020 at 05:37 PM.
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Joined Oct 2010
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#19
Quote from sundevils
:
I put 50k in a little over a month ago when they were offering a 1% match on deposits if you keep the money there for 90 days. Got a quick bonus there. They currently have a 1% match on any recurring investments you make before Sept. 30th. I am planning on hitting that up for a bit of a bonus when I decide what I want to buy. So far they seem to have pretty regular bonuses.
Wait, is that 1% of deposits into your invest account, or 1% bonus on stocks you buy? That'd be crazy awesome. Seems way too generous, unless their fees are really high (but almost nobody charges fees on trades anymore).
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Last edited by junhao123 July 31, 2020 at 06:56 PM.
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#20
Quote from junhao123
:
Wait, is that 1% of deposits into your invest account, or 1% bonus on stocks you buy? That'd be crazy awesome. Seems way too generous, unless their fees are really high (but almost nobody charges fees on trades anymore).
It was 1% of the funds you move into sofi by 6/30. It could be in cash or investments. The bonus was paid out a week from 6/30 though you need to leave the money in the account for 90 days.
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Joined Dec 2011
Two Minds Became One
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#21
Any kind of credit pull? I recall Sofi having something.
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Joined Nov 2019
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#22
Quote from Cheapyfellow
:
Sofi doesn't allow account creation if you are on visa. Needs perm resident.
can someone confirm that visa holders are not allowed to create an account?
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Joined Dec 2004
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#23
Quote from Peerless_Warrior
:
Any kind of credit pull? I recall Sofi having something.
They typically pull EWS and, possibly, may soft pull one of the CRA's. (No credit hit on either)
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Joined Dec 2004
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#24
Quote from Ravenx
:
can someone confirm that visa holders are not allowed to create an account?

From what I've read, only U.S. citizens or permanent residents can open an account.
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Joined Feb 2011
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#25
I have samsung sofi. If I open this one , can I get bonus?
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Last edited by erictom August 2, 2020 at 05:23 AM.
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Joined Oct 2018
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#26
Service cu has an easy 100$ referral bonus. Just open the account with a referral code and do a mobile deposit of $500. I got my bonus the same day as $500 deposit.
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#27
Quote from erictom
:
I have samsung sofi. If I open this one , can I get bonus?
Doesn't hurt to try. There is also a $75 bonus for $500 dd which works for new and existing accounts.
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Joined Oct 2018
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#28
Sofi now has $200 bonus for new account with 500$ dd with no referral needed.
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#29
After you get the bonus are you closing the account? I don't really need another savings account.
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Joined Dec 2013
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#30
Can I do a check mobile deposit of my own check from another bank?
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