Offer value details
SoFi lists a direct deposit welcome offer with tiers based on eligible direct deposits received during the 25-day bonus period after the first eligible direct deposit posts.
Qualification requirements
Receive a first eligible direct deposit by December 31, 2026. SoFi totals eligible direct deposits received over the next 25 calendar days; $1,000-$4,999.99 earns $50 and $5,000 or more earns $400.
Fees and costs
SoFi Checking and Savings lists no monthly account fee, but users should review the banking fee sheet and account terms before applying.
Availability
Offer is for new and existing SoFi members who have never set up direct deposit with SoFi, subject to account approval and SoFi eligibility rules.
What to verify
- Direct deposit timing can reduce the 25-day bonus period if payroll setup is delayed.
- APY and SoFi Plus requirements can change.
- Bonus may be taxable income.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.