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Advertiser Disclosure
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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314 Comments
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-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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https://www.forbes.com/advisor/ba...to-savers/
https://www.forbes.com/advisor/ba...to-savers/ [forbes.com]
We have to pay pay fees for doing more than 5 transactions and I also paid.
We have to pay pay fees for doing more than 5 transactions and I also paid.
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SoFi seems to be 20 years behind! The bill pay pages are terrible. (I use Cap1 360 for my checking bill pay) With the interest on the checking account I had thought I would be switching totally over to SoFi but after checking out their system...will NOT! There is no way to set up payees that are used monthly. You have to enter them in every time along with account numbers. Crazy that it seems so old and clunky. Every other online banking bill pay I have ever used is super intuitive and feature rich (I've used Cap1, Wells Fargo, Citi, etc) I had high hopes based upon the bonus and interest on a checking account but I will be sticking with my Capitol One 360 account that has all the features to make it quick and easy to pay my bills (keeps a list of all my payees that I can just enter in amounts/date and hit pay!)
Anyone else with similar thoughts?
Not sure how permanent and large that recent Payee list is but I think that should work.
Last night I was also testing their chat help, and it is crap (no help at all). Can't transfer money on the desktop, but it works in the appl
My question is -- If you stop the DD at some point, does the 2% interest disappear, or does it stick after a month or two?
Not sure how permanent and large that recent Payee list is but I think that should work.
Last night I was also testing their chat help, and it is crap (no help at all). Can't transfer money on the desktop, but it works in the appl
My question is -- If you stop the DD at some point, does the 2% interest disappear, or does it stick after a month or two?
Not trying to convince anyone - choice is good, pick whatever you like best. I don't mind change, and a leaner interface, so I'll give this a try.
Which online savings account has 2% from Citi? I'm only seeing a 0.15 APY offered on their page. I'd jump on that.
https://online.citi.com/US/ag/ban...gs-account
Not trying to convince anyone - choice is good, pick whatever you like best. I don't mind change, and a leaner interface, so I'll give this a try.
When I inquired to their customer service....their only answer was "use the android app" dumb!!!
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