Did this coupon
work for you?
work for you?
Sorry, this deal has expired.
Get notified of deals like this in the future.
Add Deal Alert for this Item
Frontpage
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.
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Check Out Similar Personal Finance Deals
View All
These responses are not provided or commissioned by the bank advertiser.
Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser.
It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
314 Comments
Your comment cannot be blank.
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]
Sign up for a Slickdeals account to remove this ad.
Also, I just found out that there is a 5k/15k daily/monthly ACH transfer limit out of SoFi account. It seems quite low, what do we do if we need a big sum of money like buying a car or make a down payment for a house ?
Add money to SoFi Checking and Savings.Earn up to $1,000.
https://www.sofi.com/banking/balance-offer/
Also, I can remote the direct deposit after the bonus as long as I don't care about overdraft protection?
Edit:
Just looked it up, seems like it should stack. And direct deposits are required for 2% vs 1% too.
I also chatted with them since I had just opened the account and my direct deposits won't hit until starting next month. They said my initial funding starts my qualifying period so I have 30 days to fulfill it. Payroll says it might take 2 pay periods though, hopefully it'll post before my period ends. I should have just done an initial deposit at $5,000 to just hit the max rewards.
Also, I just found out that there is a 5k/15k daily/monthly ACH transfer limit out of SoFi account. It seems quite low, what do we do if we need a big sum of money like buying a car or make a down payment for a house ?
"5k/15k daily/monthly ACH transfer limit out of SoFi account." not sure where found this info. But I have transferred way lot more than this limit with no issue
Also, I can remote the direct deposit after the bonus as long as I don't care about overdraft protection?
Edit:
Just looked it up, seems like it should stack. And direct deposits are required for 2% vs 1% too.
I also chatted with them since I had just opened the account and my direct deposits won't hit until starting next month. They said my initial funding starts my qualifying period so I have 30 days to fulfill it. Payroll says it might take 2 pay periods though, hopefully it'll post before my period ends. I should have just done an initial deposit at $5,000 to just hit the max rewards.
"5k/15k daily/monthly ACH transfer limit out of SoFi account." not sure where found this info. But I have transferred way lot more than this limit with any issue
I also got the $1000 offer with deposit. However, it's been well over 14 days since my 2nd direct deposit and I still haven't got the $300 sign up bonus, neither the $25 referral bonus. I chatted with a rep a few days ago, they acknowledged I should already have the credits, but still nothing. No bonus without a fight, I guess.
"5k/15k daily/monthly ACH transfer limit out of SoFi account." not sure where found this info. But I have transferred way lot more than this limit with any issue
Sign up for a Slickdeals account to remove this ad.
Transferred Funds AmountBonus Rewards PointsCash value of Bonus Rewards Points when redeemed into SoFi Checking & Savings
transfer $5,000 – $9,9995,000 - get $50 bonus
transfer $10,000 – $24,99910,000 - get $100 bonus
transfer $25,000 – $49,99925,000 - get $250 bonus
transfer $50,000 – $99,99950,000 - get$500 bonus
transfer $100,000+100,000 - get $1,000 bonus
This offer ending on 9/30/22. New and existing customers are eligible
New members can get additional $325 ($300 bonus + $25 ) via referral. Opening new account takes 5 minutes
Sign up for a Slickdeals account to remove this ad.
Transferred Funds AmountBonus Rewards PointsCash value of Bonus Rewards Points when redeemed into SoFi Checking & Savings
transfer $5,000 – $9,9995,000 - get $50 bonus
transfer $10,000 – $24,99910,000 - get $100 bonus
transfer $25,000 – $49,99925,000 - get $250 bonus
transfer $50,000 – $99,99950,000 - get$500 bonus
transfer $100,000+100,000 - get $1,000 bonus
This offer ending on 9/30/22. New and existing customers are eligible
New members can get additional $325 ($300 bonus + $25 ) via referral. Opening new account takes 5 minutes