Update/Reminder: If you were not targeted via e-mail, open your SoFi app and look for the offer banner (see below) in your “Banking” tab. You may have been targeted that way instead. Also a reminder that the deposit must post by 9/30, so act quickly. I have just completed my transfer, initiated at external bank.
More details on the , which states “This offer is limited to one per account. You must receive this offer directly from SoFi to be eligible.”
- Transfer new cash (at least $5k) into your account by 9/30/22.
- Maintain your balance until at least 11/30/22 in order to receive your rewards.
- As long as your account is in good standing, you will receive your rewards points by 12/14/22.
Tiers are all 1% of the minimum tier amount, up to a $1,000 bonus for $100,000+ in new funds:
If you consider the minimum holding period to be 2 months, this works out to an additional effective 6% APY during that time period. If you consider the minimum holding period to be 3 months, this works out to an additional effective 4% APY during that time period. This would be on top of the ongoing interest rate, currently a competitive 2.00% APY as of 9/8/22. This is a solid bonus for existing users.
If you don’t have a SoFi checking account yet, check out the new referral offer of . Open a new SoFi Money account and add at least $10 to your account within 5 days, and get $25. Then get up to $300 additional bonus with qualifying direct deposit. Details .
SoFi (“Social Finance”) is a financial “super app” that expanded from students loans into banking, stocks, crypto, credit cards, and more. Here are some of their other offers; New users can receive a separate opening bonus for each separate part of SoFi (Money, Invest, Crypto, etc).
- SoFi Invest Referral Offer: . Brokerage account. Open an Active Investing account with $100 or more, and you’ll get $25 in stock.
- SoFi Invest Alternate Offer: . Feeling lucky? Compare the $25 guaranteed above with a ~95% chance of a smaller $5 or $10 bonus, but a 0.028% chance of a $1,000 bonus.
- SoFi Invest Asset Transfer Offer: . Transfer over your existing assets from another broker and SoFi will pay you a bonus. From $50 bonus for transferring $5,000 in assets all the way up to $5,000 bonus for $2 million in assets.
- SoFi Credit Card Referral Offer: . Standard feature is 2% cash back with no annual fee.
- SoFi Credit Card Alternate Offer: .
- SoFi Crypto: . Get $10 bonus for a $50 trade, $100 bonus for $5,000 trade.
- SoFi Student Loan Refi: . Warning: Do your research before refinancing your Federal student loans to a private lender.
- SoFi Personal Loans Referral Offer: . Fixed $300 bonus, 90 days after successful funding. The loan has no fees and you can pay it back in full after 90 days.
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