Promos

SoFi Promotions for February 2023: Earn Up to $510

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SoFi’s current monthly promotions are:

While not a signup bonus, SoFi also has a generous referral program that allows you to earn $15 for everyone who signs up with your link. Click here for details.

$10 for Signing up for Credit Insights

Credit Insights is a free SoFi product that allows you to access your credit score (through TransUnion) and earn points every time your score goes up. 

New Credit Insights users can earn a 1,000 points bonus (which can be redeemed for $10 in cash) by signing up through this page

Signing up for Credit Insights does not impact your credit score. 

Overall, this credit monitoring service isn’t as robust as what you would get with Credit Sesame or Credit Karma, but it does enable you to track important factors like your payment history, total accounts, inquiries and derogatory marks. Plus, you’ll get alerts if there are changes to your score or report. 

Up to $250 Direct Deposit Bonus

Both new and existing SoFi Checking and Savings customers can earn a bonus of up to $250 for setting up direct deposit and receiving a qualifying transaction.

The amount of the bonus is either $50 or $250, depending on the size of your first direct deposit:

  • Get $50 for deposits of $1,000 to $4,999.
  • Get $250 for deposits of $5,000 or more.

It takes about 30 days for the bonus to be added to your account.

Note that SoFi defines a direct deposit as “deposits from an enrolled member’s employer, payroll, or benefits provider via ACH deposit.” That means PayPal, Venmo and bank transfers that are not from employers are not considered qualifying direct deposits and won’t earn you the bonus. 

Up to $1,000 From SoFi Invest

SoFi Active Investing, which allows you to purchase individual shares of stocks and ETFs, offers up to $1,000 in free stocks when you fund your account with at least $10 within 30 days of signing up. 

After qualifying, you’ll get fractional shares of random stocks with the following odds:

ValueOdds
$585.49%
$109.50%
$253.32%
$1001.66%
$1,0000.03%

After you claim your free stock, the fractional shares will be deposited into your account within seven days. 

Note that this promotion is only for those who sign up for Active Investing. SoFi has a separate product called Automated Investing that does not offer a deposit bonus. 

Check out the best brokerage account cash sign-up bonuses and the best free stock offers to see the latest promotions from other companies.

Up to $100 for Trading With SoFi Crypto

SoFi Crypto offers new users a tiered bonus based on the value of their first trade. Values range from $10 up to $100. 

TradeBonus
$50 – $99.99$10
$100 – $499.99$15
$500 – $4999.99$25
$5,000 or more$100

You must make your first trade within seven days of creating a new SoFi Crypto account. The offer expires on December 31, 2023.

Give $15/Get $15 Referral Program

SoFi’s referral program offers multiple ways to earn, and you get immediate access to the program after completing the app sign-up process.

There’s an offer for a Give $15/Get $15, which you’ll be able to send to friends and family immediately upon joining. No deposit is required to earn this bonus. The only action your referral must take is to register for the app.

SoFi states that referrals must be friends and family. While there’s no strict limit on how many people you can refer, the company has been known to crack down on those sharing links on social media sites.

Current SoFi referral bonuses include:

ProductReferral Bonus
SoFi App Registration$15
SoFi Checking and Savings$50 
SoFi Invest$50 in stock
SoFi Credit Card$100
SoFi Personal Loans$300
SoFi Student Loan Refinance$300
SoFi Private Student Loans$500
R.J. Weiss
R.J. Weiss is the founder and editor of The Ways To Wealth, a Certified Financial Planner™, husband and father of three. He's spent the last 10+ years writing about personal finance and has been featured in Forbes, Bloomberg, MSN Money, and other publications.

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