Last updated: April 3, 2026
Chase vs SoFi Checking Bonus
Two of the most popular checking bonuses side by side. Chase pays $400 with a direct deposit requirement. SoFi pays up to $400 with a lower deposit threshold and no monthly fee.
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Chase
Total Checking
$400
EasyWe may earn a commission if you open an account through the link above. This doesn't affect our recommendations. Learn more
SoFi
Checking & Savings
$50 – $400
EasyWe may earn a commission if you open an account through the link above. This doesn't affect our recommendations. Learn more
Side-by-Side Comparison
Chase
Total Checking
$400
EasySoFi
Checking & Savings
$50 – $400
EasyWhich Should You Choose?
Best for beginners
SoFi Checking & Savings
No monthly fee, no minimum opening deposit, and a soft credit pull. You cannot accidentally lose money to fees while learning the process.
Best for the highest guaranteed payout
Chase Total Checking
Chase pays a flat $400 with one clear requirement ($1,000 in direct deposits). No tiers to navigate.
Best if you want to earn interest too
SoFi Checking & Savings
SoFi pays 3.80% APY on your balance while you wait for the bonus. Chase pays no interest on checking.
Best if you want a physical bank
Chase Total Checking
Chase has 4,700+ branches and 16,000+ ATMs. SoFi is online-only with no branches.
Chase and SoFi both offer some of the most popular checking bonuses available right now. Both can pay up to $400, but they work differently. Chase is a traditional bank with branches and a $15 monthly fee (waivable). SoFi is a fintech with no branches, no fees, and a competitive APY on your balance.
The right pick depends on what matters to you. If you want a major bank with a simple, well-documented bonus process, Chase is the safer bet. If you want zero fees and want to earn interest on your balance while you wait for the bonus, SoFi is the better deal overall.
The Bottom Line
Both bonuses are worth doing. If you can only pick one, SoFi is the easier path for a first-timer. No fees, no credit pull, and you earn interest while you wait. If you already have direct deposit set up and want a major bank relationship, Chase is the proven choice. Experienced bonus earners should consider doing both.
Related Articles
What is a direct deposit?
An electronic payment sent directly into your bank account, usually from an employer or government.
Why do banks give out free money for opening accounts?
Banks pay you sign-up bonuses because acquiring a new customer is expensive, and paying you directly is often cheaper and more effective than running traditional advertising campaigns.
What is ChexSystems?
ChexSystems is a banking history report that can affect bonus approvals. Here's how it works, which banks check it, and how to work around a bad record.
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