Offer value details
SoFi lists a tiered welcome bonus based on eligible direct deposits received during the 25-calendar-day period after the first eligible direct deposit posts, with payment within seven business days after completing all requirements.
Qualification requirements
Receive a first eligible direct deposit of at least $1 by December 31, 2026. SoFi totals eligible direct deposits during the 25 calendar days beginning with that deposit; $1-$999.99 earns no bonus, $1,000-$4,999.99 earns $50, and $5,000 or more earns $400.
Fees and costs
SoFi lists $0 monthly, minimum-balance, overdraft, inactive, and dormant fees for the core account. Optional SoFi Plus costs $10 each month. The current fee sheet also lists a $30 outgoing domestic wire, a 0.75% instant-withdrawal fee with a $1 minimum and $30 maximum, a 0.50% remittance fee, partner cash-deposit fees up to $4.95, and possible third-party ATM fees.
Availability
Offer is for approved new or existing SoFi members who have never set up direct deposit with SoFi. The account must remain open and in good standing through payment.
What to verify
- The first eligible direct deposit starts the 25-day cash-bonus measurement window; later qualifying deposits must arrive within that window.
- Savings APY depends on direct deposit, qualifying-deposit, SoFi Plus, balance-tier, and account-ownership conditions and can change.
- The 0.90 percentage point new-member boost requires a first account opened during the September 3-December 31, 2026 promotion, qualifying activity within 60 days and every 31 days afterward, and does not stack on balances earning 4.50% through SoFi Plus.
- SoFi Plus costs $10 each month and is optional; its higher Savings APY is tiered and can change.
- Ancillary wire, instant-withdrawal, remittance, cash-deposit, and third-party ATM fees can apply.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.