How the SoFi Bank Bonus Works Now
SoFi runs two separate bonus programs that can stack, at last check (July 2026):
Stack both and, at last check, you could see up to roughly $450–475 total — a different mix than the flat $275 this page originally advertised, so don’t assume the old number still applies. Confirm the exact terms and dates shown on SoFi’s own offer page before you sign up, since promotional bank bonuses like this change often and can end or get replaced.
SoFi (Social Finance, Inc.) is a financial technology company, founded in 2011, that’s grown well past its student-loan-refinancing roots. Today it offers:
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How to Claim the SoFi Bonus
Open SoFi Checking and Savings through our link — it needs to be your first SoFi account for the referral bonus to apply.
Deposit at least $50 within 21 days to trigger the $50 new-account bonus.
Applied automatically through our link — no code needed.
Set up recurring direct deposit (payroll, benefits, or a government agency) if you want to also chase the separate, larger direct-deposit tiers.
Bonuses are typically credited within about 7 business days of meeting the requirement — check your account or SoFi’s offer terms for the exact timing.
- New account bonus (referral program): open a SoFi Checking and Savings account through a referral link, like ours, as your first SoFi product, and deposit $50 or more within 21 days. That gets you a $50 cash bonus. If you also sign up for SoFi Plus within that window, both you and the referrer get an extra $25 each.
- Direct deposit bonus (separate program): set up recurring direct deposit (payroll, benefits, or a government agency — peer-to-peer transfers don’t count) and SoFi pays a tiered bonus based on how much lands in your account within 25 days: nothing under $1,000, $50 for $1,000–$4,999.99, and up to $400 for $5,000 or more.
- Checking and Savings: the account this referral bonus applies to, with competitive rates for members who set up direct deposit
- Student loan refinancing and personal loans: for borrowers with good to excellent credit
- Mortgages: both purchase and refinance
- Investing: stocks, ETFs, and automated (robo) investing
- SoFi Credit Card: cash-back rewards, no annual fee
SoFi is a public company (NASDAQ: SOFI) with millions of members, and it’s continued expanding its product lineup, including travel booking and expanded investing tools.
Offer Details and Fine Print
- New account bonus: $50 for depositing $50+ within 21 days, referral link required, first SoFi product only
- SoFi Plus add-on: extra $25 if you subscribe to SoFi Plus within 21 days
- Direct deposit bonus: $0 under $1,000, $50 for $1,000–$4,999.99, up to $400 for $5,000+ in eligible deposits within 25 days (peer-to-peer transfers don’t count)
- Referrer (the person whose link you use) earns $75–$100 depending on their account status — that’s separate from what you receive
- Terms, dates, and amounts are set by SoFi and can change — this isn’t financial advice, and you should confirm current eligibility and terms directly with SoFi before opening an account
View the current offer ↗More Banking Sign-Up Bonuses
Our Chime app promo code page covers a $100 sign-up bonus, and our Current promo code page covers a $75 bonus with direct deposit.
What Is SoFi?
Frequently Asked Questions
Is the SoFi bonus still $275?
Not as a single flat number anymore. At last check, it’s a $50 new-account bonus plus a separate direct-deposit bonus of up to $400, which can add up to a similar or larger total but works differently than the old $25-plus-$250 structure.
Do I need direct deposit to get any bonus at all?
No. The $50 new-account bonus only requires a $50+ deposit within 21 days of opening through a referral link. Direct deposit unlocks the larger, separate tiered bonus on top of that.
Can I refer my own friends afterward?
Yes — once you’re a SoFi member, you get your own referral link, and at last check referrers earn $75 to $100 per new signup depending on their account status.
Is this financial advice?
No. This page describes a promotional bank bonus, not personalized financial advice. Confirm current terms and your own eligibility directly with SoFi before opening an account.
No code to type.
The link is the deal at SoFi Bank.
$50 + $400 Bonus — applied automatically through our SoFi Bank link.
Claim the SoFi Bank offer