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SoFi Checking & Savings: Earn Up to 4.60% APY + Up to $300 with Direct Deposit, terms apply
SoFi is offering up to $300 with direct deposit, terms apply. Up to 4.60% APY on savings and 0.50% APY on checking. No account fees.
Details/Features:
Slickdeals may be compensated by SoFi
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 Direct Deposit amount in 25-day Evaluation Period :
- $1,000 - $4,999 Total Direct Deposit: $50 Cash Bonus
- $5,000 or more Total Direct Deposit: $300 Cash Bonus
- SoFi will credit members who meet qualification criteria within seven business 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
- Organize your money, set savings goals, and save your change with Vaults and Roundups.
- You'll earn up to 4.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances.
- 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).
10/24/2023. Additional information can be found at https://www.sofi.com/banking/
Slickdeals may be compensated by SoFi
Created 12-07-2023
at 11:06 AM
by EfficientGame645 | Staff
in
Finance
(3)
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Our community has rated this post as helpful. If you agree, why not thank stevedawg85
NM, I read the fine print.
Bonus Terms: In order to qualify for eligibility for a bonus, SoFi must receive at least one Direct Deposit (as defined below) from an Eligible Participant, the first of which must be received on or after 12/7/2023. Direct Deposits are defined as deposits of $1,000.00 or greater from an enrolled member's employer, payroll, benefits provider, or government agency via ACH deposit. Deposits that are not from an employer, payroll, benefits provider, or government agency (such as check deposits; P2P transfers such as from PayPal or Venmo, etc.; merchant transactions such as from PayPal, Stripe, Square, etc.; and external bank ACH transfers not from employers) do not qualify for this Direct Deposit Promotion. The amount of the bonus, if any, will be calculated during the Direct Deposit Bonus Period as described and defined below.
NM, I read the fine print.
Bonus Terms: In order to qualify for eligibility for a bonus, SoFi must receive at least one Direct Deposit (as defined below) from an Eligible Participant, the first of which must be received on or after 12/7/2023. Direct Deposits are defined as deposits of $1,000.00 or greater from an enrolled member's employer, payroll, benefits provider, or government agency via ACH deposit. Deposits that are not from an employer, payroll, benefits provider, or government agency (such as check deposits; P2P transfers such as from PayPal or Venmo, etc.; merchant transactions such as from PayPal, Stripe, Square, etc.; and external bank ACH transfers not from employers) do not qualify for this Direct Deposit Promotion. The amount of the bonus, if any, will be calculated during the Direct Deposit Bonus Period as described and defined below.
Thanks for this
Our community has rated this post as helpful. If you agree, why not thank slicksdeal
- You can only link other bank accounts using Plaid. If you don't agree to Plaid terms you are pretty much out of luck.
- Email notifications are very limited, they try to only use push notifications which are not nearly as good for keeping history and you have to keep the app on your phone.
- They do have a website at least, but it's very basic and similar to the app.
On the good side though
- The debit card is great, no foreign transaction fees, and many free ATMs
- You can keep all money in savings account and auto-draft to maximize interest
- Vaults are good for securing and saving money
Our community has rated this post as helpful. If you agree, why not thank laplas
Agree. Good luck with getting any money back if your account is ever compromised- they will simply determine they were not at fault and leave u screwed with no recourse unless filing complaints which gets them to act.
That's how these scam banks offer high rate checking/savings - by pinching customers on all the other basics. Simple as.
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Can someone explain?
My understanding is, the bonus period (25 days) begins as soon the first direct deposit hits not the day I open account? Meaning as soon as first direct deposit hits I have 25 days from that day to deposit 5K to get $300 bonus.
My understanding is, the bonus period (25 days) begins as soon the first direct deposit hits not the day I open account?
Meaning as soon as my first direct deposit hits from then I have 25 days to direct deposit 5K to get $300 bonus.
My understanding is, the bonus period (25 days) begins as soon the first direct deposit hits not the day I open account?
Meaning as soon as my first direct deposit hits from then I have 25 days to direct deposit 5K to get $300 bonus.
Received an email, do DD to get $200. Did it, not received $200. called, they don't admit email
sent to me. Long story shorts. Finally, closed sofi account. BTW, Their DD bonus evaluation period is a joke.