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SoFi Checking & Savings: Open New Account w/ Direct Deposit, Get Expired
up to 4.00% APY
+ $250 Bonus w/ $5K+ in Direct Deposit Transactions
SoFi is offering 2.00% > 2.50% > 3.50% > now 4.00% APY on Savings or 2.50% > now 1.20% APY on Checking + Up to $300 > now $250 Bonus when you Open a New Online Account and Set Up Direct Deposit.
Thanks to Community Member vrcsu for posting this deal.
Details/Features:
Thanks to Community Member vrcsu for posting this deal.
Details/Features:
- After Opening a New Account and setting up Direct Deposit, wait for your direct deposit to hit your account (typically 2-4 weeks).
- Amount of Direct Deposit Cash Bonus depends on Total Qualifying Direct Deposit amount in 25-day Evaluation Period :
- $1,000 - $4,999 Total Qualifying Direct Deposit: $50 Cash Bonus
- $5,000 or more Total Qualifying Direct Deposit: $250 Cash Bonus
- SoFi will credit members who meet qualification criteria within 14 days of the end of the Evaluation Period.
- Direct Deposit Bonus Promotion ends 1/23/23 > now 12/31/23 11:59PM ET.
- No overdraft fees. No minimum balance fees. No monthly fees. Plus, 55,000+ fee-free ATMs within the Allpoint Network.
- Up to 2-day-early-paycheck
- Get up to 15% cash back at local establishments when you pay with your SoFi debit card.
- Organize your money, set savings goals, and save your change with Vaults and Roundups.
- You'll earn up to 4.00% annual percentage yield (APY) on savings balances (including Vaults) and 1.20% APY on checking balances with direct deposit. Members without direct deposit will earn 1.20% APY.
- There is no minimum direct deposit amount required. However, please note that there is a minimum direct deposit required for No-Fee Overdraft Coverage ($1,000).
- Interest rates are variable and subject to change at any time. Rates are current as of 12/16/2022. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet
Original Post
Written by
Edited April 12, 2023
at 01:16 PM
Update: 2.5% APY starting 9/30 >Now 4.00% for Savings
2.00% APY with a direct deposit. $1 direct deposit is good enough to get 2.00 APY. 1.00% APY with no direct deposit.
No account fees
No overdraft fees
No minimum balance fees
No monthly fees
Free Checks
FDIC insured
2-day-early-paycheck credit
Great mobile banking app
Access to 55,000 ATMs worldwide through the Allpoint Network
Very easy to open Checking and Savings account online with SoFi
https://www.sofi.com/banking/
up to$300 $250 bonus + $25 referral bonus
Total Qualifying Direct Deposit amount in 30-day Evaluation Period Cash Bonus
$1,000 -$1,999$4,999 $50
$2,000-$4,999 $100
$5,000 or more$300 $250
Evaluation Period start from your 1st Direct Deposit Date. (Not from account opening date)
SoFi Checking and Savings - Referral Bonus :
For a limited time, get $25 when you sign up for a SoFi Checking & Savings account and deposit at least $10 with referral link.
Referral bonus $25 created the same day of $10 deposit
How to Transfer Money?
• Directly making an online transfer from one bank account to another
• Writing a check
• Making a peer-to-peer transfer
• Completing a wire transfer
• Working with a third-party company
• Making an email money transfer
Withdrawal Limit is $1,000,000.00 per day
Same limit for transferring money from Sofi to external bank account
Overall best banking experience I've ever had.
I closed my 20 years old regions and chase accounts and moved to Sofi.
2.00% APY with a direct deposit. $1 direct deposit is good enough to get 2.00 APY. 1.00% APY with no direct deposit.
No account fees
No overdraft fees
No minimum balance fees
No monthly fees
Free Checks
FDIC insured
2-day-early-paycheck credit
Great mobile banking app
Access to 55,000 ATMs worldwide through the Allpoint Network
Very easy to open Checking and Savings account online with SoFi
https://www.sofi.com/banking/
up to
Total Qualifying Direct Deposit amount in 30-day Evaluation Period Cash Bonus
$1,000 -
$5,000 or more
Evaluation Period start from your 1st Direct Deposit Date. (Not from account opening date)
SoFi Checking and Savings - Referral Bonus :
For a limited time, get $25 when you sign up for a SoFi Checking & Savings account and deposit at least $10 with referral link.
Referral bonus $25 created the same day of $10 deposit
How to Transfer Money?
• Directly making an online transfer from one bank account to another
• Writing a check
• Making a peer-to-peer transfer
• Completing a wire transfer
• Working with a third-party company
• Making an email money transfer
Withdrawal Limit is $1,000,000.00 per day
Same limit for transferring money from Sofi to external bank account
Overall best banking experience I've ever had.
I closed my 20 years old regions and chase accounts and moved to Sofi.
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Featured Comments
-Mar, opened/completed Wells Fargo and received in 3 mts (June) the $325 Bonus.
-Apr, opened/completed Chase and received the $225 bonus immediately (same month) after direct deposit was made.
-Today, opened US Bank and setup direct deposit to receive the $400 bonus after 2 or more deposits totaling $4,000 or more.
I am now researching BMO Harris and their $500 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days.
https://www.bmoharris.com/main/personal/checking-accounts/digital-offer/?COID=BMOC-06492I-CH9U6X7&ec... [bmoharris.com]
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If you are setting up DD for the first time, you are also eligible for this promotion.
any other ways for direct deposit besides a real job?
Exactly same thing happened to me. I got so pissed, kept 20 cents in there and kept my account open. ING was stupid, capital one is more about how to fleece students and gullible people.
Deposits are swept daily to one or more banks (the "Program Banks") where they earn a variable rate of interest and are eligible for FDIC insurance. Once your deposits reach one of the Program Banks (typically within 2 business days), they are FDIC insured. FDIC Insurance is not provided until the funds arrive at Program Bank. Funds in the SoFi Money Sweep Program are eligible for up to $1.5 million of FDIC insurance through the Program Banks.
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"Qualifying Direct Deposits are defined as deposits from an enrolled member's employer, payroll, or benefits provider via ACH deposit. Deposits that are not from an employer (such as check deposits; P2P transfers such as from PayPal or Venmo, etc.; merchant transactions such as from PayPal, Stripe, Square, etc.; and bank ACH transfers not from employers) do not qualify for this promotion."
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