SoFi
SoFi Checking & Savings $50 – $400 Bonus
SoFi pays you up to $400 when you open a Checking & Savings account and set up qualifying direct deposits. No monthly fee. No minimum balance. No credit pull. Earns 3.80% APY on savings. The $400 tier requires $5,000 or more in qualifying direct deposits within a 25-day window.
- Bonus range
- $50 – $400
- Expires
- Dec 31, 2026
- Time to complete
- ~30 days
- Bonus deposited in
- ~40 days
- Difficulty
- Easy
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Requirements
Last verified: Aug 20, 2026
$50 Tier
Open an account
Open your new account using the offer link before the offer expires.
Receive qualifying direct deposits
Receive direct deposits totaling $1000 or more. After your first Eligible Direct Deposit posts, SoFi totals Eligible Direct Deposits received over the next 25 calendar days. P2P transfers and external ACH transfers are not eligible.
$400 Tier
Open an account
Open your new account using the offer link before the offer expires.
Receive qualifying direct deposits
Receive direct deposits totaling $5000 or more. After your first Eligible Direct Deposit posts, SoFi totals Eligible Direct Deposits received over the next 25 calendar days. P2P transfers and external ACH transfers are not eligible.
SoFi totals your eligible direct deposits over a 25-day window starting with the first direct deposit. The bonus posts within 7 business days (about 10 calendar days) after you meet the requirements, and your SoFi Checking account must be open and in good standing when it pays.
Account Details
No explicit clawback policy, but keep open at least 90 days to be safe.
Eligibility
Must be a new SoFi Checking & Savings member. Previous members may not qualify.
Tips & Gotchas
- →The first Eligible Direct Deposit starts the 25-day bonus period; all Eligible Direct Deposits in that 25-day window count toward the tier.
- →Not eligible: peer-to-peer transfers (e.g., Zelle/PayPal/Venmo), external bank ACH transfers, and non-recurring deposits.
Direct Deposit Data Points 273
273 community reports across 49 transfer sources, showing what triggers a qualifying direct deposit at SoFi.
Can You Earn This Bonus Again?
Fine Print
New SoFi Checking & Savings members only. One bonus per customer. Taxable as interest income.
Taxable income · Reported on 1099-MISC
Related Articles
What Counts as a Direct Deposit for SoFi Bonuses?
SoFi counts employer payroll, government benefits, and ACH pushes from select fintechs as qualifying direct deposits. Based on 412 community data points, employer payroll and Chase Business payroll are the most reliable routes, with Current pushes working in most reports. P2P transfers and external bank ACH pulls do not count.
Chase vs SoFi Checking Bonus
Two of the most popular checking bonuses side by side. Chase pays $400 for $1,000 in direct deposits. SoFi pays $50 at that same level and $400 once your direct deposits reach $5,000, with no monthly fee.
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