SoFi Checking & Savings: Earn Up to $250 with Qualifying Direct Deposit, terms apply + Up to 4.30% APY
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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.
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 4.30% 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.
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.
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.
They are sneaky about their $250 signup bonus, only 25 days for the $5k+ direct deposit to qualify. otherwise you get $50. They also spam you with ton of their other product prom.
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06-23-2023 at 01:56 PM.
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from winglik7
:
They are sneaky about their $250 signup bonus, only 25 days for the $5k+ direct deposit to qualify. otherwise you get $50. They also spam you with ton of their other product prom.
I got the $250 recently. The 25 days timer starts when the first direct deposit hits your account. So it is not a problem for people with Bi-weekly paychecks.
Also you will $25 additional for using referral.
I agree about the spam though. I get emails every day about their products. It is little frustrating
I got the $250 recently. The 25 days timer starts when the first direct deposit hits your account. So it is not a problem for people with Bi-weekly paychecks.
Also you will $25 additional for using referral.
I agree about the spam though. I get emails every day about their products. It is little frustrating
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06-23-2023 at 10:33 PM.
Quote
from pablo1376
:
Sofi as a bank may be ok but for stocks its trash AND THEY USE PFOF. Buying stocks a few seconds before and selling g it to you a few cents higher
Every free broker batches orders and makes a few cents on the spread.
Your $250 purchase of 0.3-5 shares, losing out on $0.01-$0.10 is literally so insignificant that it's moot. Feel free to use a broker that doesn't use PFOF and save that dime at a cost of $12 per trade. Really smart move!
I've been with SoFi for a few months and given the experience, I'll soon be making it my primary bank. I just recently learned that they offer access to a financial planning tool at no cost if you schedule a meeting with one of their CFP's. The investment app needs a bit of work but improvements are coming in Q3 this year. The CEO is also one of the best in the biz.
Every free broker batches orders and makes a few cents on the spread.
Your $250 purchase of 0.3-5 shares, losing out on $0.01-$0.10 is literally so insignificant that it's moot. Feel free to use a broker that doesn't use PFOF and save that dime at a cost of $12 per trade. Really smart move!
+1. Maintaining a brokerage account especially with the average balances in most accounts is a net loss for the broker. Some consumers expect free services but these are not non-profit orgs.
Banks/brokers need to make money to service you and stay around. If you're not high frequency trading PFOF is a small price to pay for all the overhead it takes to execute a trade.
I have been with Sofi for about a year and have had good experience. I use their banking services only and the only thing that I miss in their app is the ability to schedule ACH transfers. You cannot schedule a transfer in future. On the plus side the amount shows up in my recipient account within hours. Overall I like it
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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.
SD Just care about their commissions ??????
Our community has rated this post as helpful. If you agree, why not thank dshoppr
Also you will $25 additional for using referral.
I agree about the spam though. I get emails every day about their products. It is little frustrating
Also you will $25 additional for using referral.
I agree about the spam though. I get emails every day about their products. It is little frustrating
Simple to unsubscribe
Our community has rated this post as helpful. If you agree, why not thank Giraffasaurus
Every free broker batches orders and makes a few cents on the spread.
Your $250 purchase of 0.3-5 shares, losing out on $0.01-$0.10 is literally so insignificant that it's moot. Feel free to use a broker that doesn't use PFOF and save that dime at a cost of $12 per trade. Really smart move!
Sign up for a Slickdeals account to remove this ad.
I'll now close both the accounts, as I've no intention of keeping them open for long.
Your $250 purchase of 0.3-5 shares, losing out on $0.01-$0.10 is literally so insignificant that it's moot. Feel free to use a broker that doesn't use PFOF and save that dime at a cost of $12 per trade. Really smart move!
+1. Maintaining a brokerage account especially with the average balances in most accounts is a net loss for the broker. Some consumers expect free services but these are not non-profit orgs.
Banks/brokers need to make money to service you and stay around. If you're not high frequency trading PFOF is a small price to pay for all the overhead it takes to execute a trade.