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Advertiser Disclosure
SoFi Checking & Savings: Open New Account w/ Direct Deposit, Get Expired
Up to 4.20% APY
+ $250 Bonus w/ $5K+ in Direct Deposit Transactions
SoFi is offering 4.20% APY on Savings or 1.20% APY on Checking + Up to $250 Bonus when you Open a New Online Account and Set Up Direct Deposit.
Thanks to Community Member Knockknock13 for posting this deal.
Details/Features:
Thanks to Community Member Knockknock13 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 - $4,999.99 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 (7) business days of the end of the Evaluation Period.
- Direct Deposit Bonus Promotion ends 12/31/23 11:59PM ET.
- No account fees. No-fee Overdraft Coverage.
- ATM access at any of the 55,000+ ATMs within the Allpoint network
- Up to 2-day-early-paycheck
- Up to 15% cash back at local businesses
- You'll earn up to 4.20% 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 4/25/2023. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet
Original Post
Written by
Edited April 27, 2023
at 11:12 AM
SoFi is offering up to $250 with qualifying direct deposit, terms apply. Up to 4.30% APY on savings and 1.20% APY on checking. No account fees.
Starting from 06/09 this became 4.30%apy for savings accounts
Details/Features:
Slickdeals is not registered as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended, and nothing in these materials should be construed as advice concerning securities, the value of securities, the advisability of investing in, purchasing, or selling securities, or the merits of any investment adviser.
Starting from 06/09 this became 4.30%apy for savings accounts
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.
- 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 4.20% 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 4/25/2023. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet
Slickdeals is not registered as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended, and nothing in these materials should be construed as advice concerning securities, the value of securities, the advisability of investing in, purchasing, or selling securities, or the merits of any investment adviser.
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Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser.
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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.
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I just keep everything in savings for the higher interest rate. They have a setting called overdraft protection where they just move money automatically from your savings if there is not enough in your checking to cover an expense.
I've found a good rule of thumb whenever looking at a bank giving out bonuses is to skip the marketing wank and go straight to the full terms and conditions to see how they're going try to weasel out, and what you need to do if you want to stop them.
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No. It needs to be a legitimate direct deposit not an ACH transfer.
I just keep everything in savings for the higher interest rate. They have a setting called overdraft protection where they just move money automatically from your savings if there is not enough in your checking to cover an expense.
Did not realize this!
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- They don't support Mint because they have something similar.
- I couldn't transfer money from investment account to checking and they said it's because they couldn't verify my accounts. They are both within SoFi so that made no sense to me. This is paypal all over again. They can freeze your money whenever they want.
- Their automated investing is basically a scam. They advertise no fee but in reality you would be buying their high expense ETFs.
- Their recurring trade only allows funding from outside SoFi. It could have been a good feature if they allow you to use the fund you already have in the account. But hey, why make it convenient when you only care about bringing more money in.
- They sued to end the student loan pause. I have seen SoFi fanboys bend over backward to try to explain that lawsuit. At the end of the day, they only care about their bottom line.
So do your homework and don't buy into the marketing nonsense.
I've Made thousands doing so. And if you think that's unethical you should get your head checked.
I've been using SoFi for nearly a year and it's been wonderful so far. Transfers are fast, rates are nice, and the app is good. I called them a number of times and got straight through to a person and was taken care of… What evidence can you provide they are "cheating" whatever that means.
I've found a good rule of thumb whenever looking at a bank giving out bonuses is to skip the marketing wank and go straight to the full terms and conditions to see how they're going try to weasel out, and what you need to do if you want to stop them.
What are your findings?
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A no-nonsense banking app with great features, great interest. Also they don't hold on to your transfers for a few days, the transfers are fast, feels like instantaneous when compared to the other banks that hold your money for 5 days before transferring it.
Love SOFI and totally recommend !
p.s: their promo worked on me, they have a customer for the keeps ; )