The best SoFi bonus is up to $450, and $400 of it takes $5,000 in direct deposits within 25 days, through 12/31/2026.
Offers verified on SoFi’s site at this update. Terms apply.
Current SoFi promotions
Every SoFi offer we could confirm on SoFi’s own pages, with what it takes and when it ends.
| Offer | Bonus | What you have to do | Offer ends | |
|---|---|---|---|---|
| Banking and investing | ||||
 SoFi Checking and Savings | Up to $450 | $5,000 in direct deposits in 25 days ($1,000 earns $50) | 12/31/2026 | Get up to $450 |
| SoFi Invest | Up to $3,000 in stock | Fund a new brokerage account with $50 | 10/18/2026 | See stock offer |
| Loan welcome bonuses, through an invite link | ||||
| SoFi Personal Loan | $300 | Fund a personal loan, keep it current 90 days | No end date listed | Find my rate |
| SoFi Student Loan Refinancing | $300 | Refinance, keep the loan current 90 days | No end date listed | Find my rate |
| SoFi Medical and Dental Refinancing | $1,000 | Refinance medical or dental school loans | No end date listed | Claim $1,000 |
| SoFi Private Student Loan | $300 | Take out a loan, then wait 90 days | No end date listed | View your rate |
Offers verified on SoFi’s site at this update. Terms apply.
SoFi bank and investing bonuses
The cash bonus on a new bank account, then the stock offer for new investors.
1. SoFi Checking and Savings
SoFi’s biggest cash bonusWho it is for New SoFi banking customers who can move a paycheck, pension or benefit of $5,000 or more in 25 days.
- No account or monthly fees
- Pays within 7 business days
- Under $5,000 pays $50 or $0
- $25 of it needs paid SoFi Plus
The $450 is three bonuses: up to $400 for direct deposit, $25 for opening your first SoFi account through an invite link and depositing $50 within 25 days, and $25 for subscribing to SoFi Plus. Only recurring income such as payroll or benefits counts as direct deposit. See SoFi for current rates and full terms. SoFi Bank, N.A. Member FDIC.
2. SoFi Invest
Stock for new investorsWho it is for First-time SoFi investors. Plan on $15: SoFi’s odds give that to 85.49% of accounts and $3,000 to 0.028%.
- Smallest award is $15 in stock
- You choose the stock
- 85.49% of awards are $15
- The stock can lose value
Odds per SoFi’s official rules: $15 (85.49%), $30 (9.50%), $75 (3.32%), $300 (1.66%), $3,000 (0.028%). First SoFi brokerage account only. Investments are not FDIC insured, are not bank guaranteed and may lose value. Brokerage and self-directed investing products offered through SoFi Securities LLC, Member FINRA/SIPC.
Is the SoFi bonus worth it?
It comes down to one number: $5,000 in eligible direct deposits within 25 days. Hit it and SoFi pays $400. Miss it and you get $50, or nothing if your deposits stay under $1,000. There is no partial credit in between.
| Piece | Bonus | What you have to do | Offer ends |
|---|---|---|---|
| Direct deposit, top tier | $400 | $5,000.00 or more in eligible direct deposits within 25 calendar days of your first one | 12/31/2026 |
| Direct deposit, lower tier | $50 | $1,000.00 to $4,999.99 in the same 25 days. Under $1,000 pays $0 | 12/31/2026 |
| Invite bonus | $25 | Open Checking and Savings as your first SoFi product through an invite link and deposit $50 or more within 25 days | 10/21/2026 |
| SoFi Plus bonus | $25 | Subscribe to SoFi Plus, $10 a month, within the same 25 days | 10/21/2026 |
Count the paychecks that land inside the window. The 25 days start with your first direct deposit. If you are paid every two weeks or twice a month, that is usually two paychecks, so each one needs to be about $2,500 after taxes. Paid weekly, it is four paychecks of about $1,250. Paid monthly, one paycheck has to cover the whole $5,000.
You cannot fill the gap with a transfer from another bank. SoFi counts recurring deposits of regular income from an employer, a payroll or benefits provider or a government agency, and nothing else.
If your paychecks are smaller, Chase is the better target: $400 for $1,000 in direct deposits within 90 days. Our guide to Chase Bank promotions has the full terms, and our ranking of the best bank account bonuses shows how SoFi stacks up against every offer we track.
The two $25 extras are easier. The first needs only a $50 deposit within 25 days, and a transfer from your own bank counts for that one. Payment apps such as Venmo, PayPal and Zelle do not. The second needs a SoFi Plus subscription at $10 a month, so it nets $15 after the first payment. Skip it unless you want SoFi Plus anyway.
There is a rate promotion too. In SoFi’s words: “New SoFi Checking and Savings members can earn up to 4.20% Annual Percentage Yield (APY) with a limited-time 0.90% APY Boost to the current Savings APY of 3.30% available with Eligible Direct Deposit or Qualifying Deposits (rate current as of 9/23/2026).” The boost lasts up to six months on one SoFi Savings account. To keep it you need an eligible direct deposit or $5,000 in qualifying deposits every 31 days. It runs through 12/31/2026, and rates are variable, so check SoFi’s rate sheet for today’s numbers before you compare it with the best high-yield savings accounts.
MoreBank promotions without direct deposit
How SoFi’s bonus compares
Three direct deposit bonuses side by side. The bigger the bonus, the more your paychecks have to add up to. If a bonus is not the main draw, see the best free checking accounts.
SoFi Checking and Savings
Chase Total Checking
CurrentChase Total Checking: Offer expires 01/27/2027. Not available to existing Chase checking customers, those whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years. One new checking account opening bonus every two years. $0 Monthly Service Fee with any one of: $500+ in qualifying electronic deposits, a $1,500 balance at the beginning of each day, a $5,000 average beginning day balance across linked qualifying accounts, or a linked qualifying checking account. Otherwise a $15 Monthly Service Fee applies. Account subject to approval. JPMorgan Chase Bank, N.A. Member FDIC. Current: New customers only. Transfers and payment apps do not count. Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and/or Cross River Bank, Member FDIC.
SoFi loan welcome bonuses
SoFi pays these when you apply through a member invite link, and the rules are the same for all four. Fund the loan within 120 days of clicking, then keep it open and current for 90 days. SoFi pays within 30 days after that, into a SoFi Checking and Savings account, so you need one. Refinancing? Compare the best student loan refinance companies first.
3. SoFi Personal Loan
For a loan you already needWho it is for Borrowers who were going to take a personal loan anyway. A $300 bonus is not a reason to borrow.
- Rate check is a soft credit pull
- Loans from $5,000 to $100,000
- No bonus if it closes within 90 days
- Not available in Vermont
Offer not available to residents of Vermont. You must keep your loan active and in good standing for at least 90 days to receive the $300 bonus. Co-borrowers and co-signers do not qualify. See SoFi for current rates and full terms.
4. SoFi Student Loan Refinancing
For refinancing student loansWho it is for Borrowers refinancing private student loans, or federal loans they are sure they want to move.
- Rate check is a soft credit pull
- 120 days from click to funding
- Federal loans lose federal options
- No bonus if it closes within 90 days
Offer not available to residents of Vermont. SoFi’s notice: “once you refinance federal student loans you will no longer be eligible for current or future flexible payment options available to federal loan borrowers.” See SoFi for current rates and full terms.
5. SoFi Medical and Dental Refinancing
For doctors and dentistsWho it is for Doctors and dentists refinancing student loans with SoFi for the first time.
- SoFi’s largest invite bonus
- 120 days from click to funding
- First medical or dental refi only
- No stacking with other offers
Subject to lender approval. Not available to residents of Vermont. Only open to new medical or dental Student Loan Refinance borrowers, and may not be combined with other offers aside from the autopay discount. See SoFi for current rates and full terms.
6. SoFi Private Student Loan
For school costs after federal aidWho it is for Students and parents who have already used federal loans, grants and work-study.
- Rate check is a soft credit pull
- A cosigner can be added online
- Cosigners do not get the bonus
- Paid 90 days after disbursement
SoFi’s notice: “SoFi Private Student Loans are not a substitute for federal loans, grants, and work-study programs.” Co-signers do not qualify for the bonus. See SoFi for current rates and full terms. Originated by SoFi Bank, N.A. Member FDIC. NMLS #696891.
Before you count on the bonus
Four things SoFi’s terms settle.
A recurring ACH deposit of regular income, such as payroll, a pension or Social Security, sent by your employer, a payroll or benefits provider or a government agency. Check deposits, Zelle, PayPal, Venmo and Wise transfers, merchant payouts, transfers from another bank, wires and IRS tax refunds do not count.
SoFi adds up your direct deposits for 25 calendar days, then pays within 7 business days into SoFi Checking. The $25 invite bonuses also pay within 7 business days once SoFi validates them. The account has to be open and in good standing on payout day. Timing a paycheck? See what time direct deposit hits.
SoFi treats its bank bonuses as miscellaneous income and says they may be reported to the IRS on Form 1099-MISC. Loan welcome bonuses of $600 or more in a calendar year, and stock awards worth $600 or more, go on the same form. Set part of the bonus aside for taxes.
For loans, SoFi says viewing your rate is a soft credit pull that will not affect your credit score. Continuing the application brings a hard credit pull that may. SoFi’s bank bonus terms do not mention a credit check, so ask SoFi before you apply if that matters to you.
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SoFi referral bonus for members
Once you have an account, SoFi pays you for inviting friends. These are the amounts on SoFi’s referral page at this update. SoFi sets them in short promotion periods, so check the app for the amount on your own link.
| Product | You get | Your friend gets |
|---|---|---|
| Checking and Savings | $75 or $100 | $25. Each of you gets $25 more if your friend joins SoFi Plus |
| Personal loans | $300 | $300 |
| Private student loans | $300 | $300 |
| Student loan refinancing | Up to $1,000 | $300, or $1,000 on medical and dental refinancing |
The $100 goes to members who have SoFi Plus, an eligible direct deposit or $5,000 in qualifying deposits. Your link is in the SoFi app, under Refer a friend in your profile. SoFi caps referral and direct deposit bonuses at $10,000 per calendar year.
How we checked these
Every bonus, deadline and condition here comes from SoFi’s offer pages, invite pages and official rules, read at this update.
The bonus and its tiers, what you have to do, the window you have to do it in, the end date and who is left out.
SoFi can change or end a promotion at any time without notice. Its invite bonuses run in short periods and can change when a period ends.
SoFi promotions FAQs
SoFi Checking and Savings pays up to $450 when you open it through an invite link. That is $400 once your eligible direct deposits total $5,000 or more within 25 days, $25 for depositing $50 within 25 days, and $25 for joining SoFi Plus. Direct deposits of $1,000 to $4,999.99 earn $50 instead of $400. The direct deposit offer runs through 12/31/2026.
Open SoFi Checking and Savings, then have your employer or benefits provider send your pay to it. SoFi adds up your eligible direct deposits for 25 calendar days, starting with the first one. If the total is $5,000 or more, you get $400 within 7 business days. Your first direct deposit has to arrive on or before 12/31/2026, and the offer is for members who have never set up direct deposit with SoFi.
Yes, on loans. SoFi pays a $300 welcome bonus when you fund a SoFi personal loan, a student loan refinance or a private student loan through an invite link, and $1,000 on medical and dental refinancing. The checking and savings bonus is $50 or $400, not $300.
No. None of the SoFi offers on this page uses a promo code. The direct deposit bonus is tracked on your account, and the invite and loan bonuses are tied to the link you sign up through, such as this SoFi invite link.
Yes, a small one. Open SoFi Checking and Savings as your first SoFi product through an invite link and deposit $50 or more within 25 days, and SoFi pays $25. A transfer from your own bank counts for that. Payment apps such as Venmo, PayPal and Zelle do not. The $50 and $400 tiers require eligible direct deposits.
Yes. SoFi’s referral page lists $75 or $100 for each friend who opens Checking and Savings through your link, and your friend gets $25. Personal loans and private student loans pay $300 to each of you. Your link is in the SoFi app, under Refer a friend in your profile.
Yes. SoFi says its bank bonuses are miscellaneous income that may be reported to the IRS on Form 1099-MISC. Plan on owing tax on the bonus, and set part of it aside.
