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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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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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On a side note, I also have Redneck Bank, they are small, so don't expect much, but great rates... Also have lending club banking, great rates their too.
Vio seems pretty legit so I'm moving some funds there as well. Much appreciated!
You can manually setup a transfer bank, I did it in the app.
I can now, but previously it was literally Plaid or nothing, both the desktop site and the app. Contacted customer service, they couldn't do anything either. If you look up their FAQ about manually adding external accounts, it even says the option "may" appear. My only real gripe so far. But I'm loving the multiple Vaults.
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I am looking to move on from Bank of Crapmerica. Was thinking I could use a Fidelity MM for bill paying needs...dunno. Looked at Discover but they arent accepting new checking customers.
You can buy stocks crypto everything at one point.
FWIW many people are paid biweekly. For them 25 days does equate to 2 direct deposits. A full month would mean 3 direct deposits.
Edit- not sure why I'm being downvoted. If you get paid on the first and 15th of the month (ie biweekly) , the deposit on the first would trigger the 25 day timer, and your 2nd monthly direct deposit on the 15th would be just 14 days later.
The timer starts when you get paid, not when your work pay period starts. It seems that was lost on some people.
EDIT:
After some research, i might not qualify. I already have a direct deposit for my samsung money by sofi which might be thr same product as sofi money with a different name. I might call them to see if this is completely true. It would be nice to get that $250 and close the account at a later time.
Thanks in advance.
This has been popular recently. Wealthfront for example has a similar split-bank cash account offering with coverage up to $5 million.
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