Bank

SoFi Checking & Savings Bonus — Up to $400 + $38 + $220 cashback

Apply to SoFi Checking & Savings Bonus and earn up to $658 in combined sign-up and referral bonuses.

Bonus Tiers

Deposit	Bonus
$1,000+	$50
$5,000+	$400

Qualifying Period

Within 25 days of first eligible direct deposit

Payout

Within 7 business days of completing requirements

Requirements

✓Eligible Direct Deposit (minimum $1,000 in first deposit)
✓Total qualifying direct deposits of $1,000–$4,999 for $50 bonus OR $5,000+ for $400 bonus
✓Direct deposits must be received within 25 calendar days of first eligible direct deposit
✓Eligible direct deposit of $1,000+ total within 25 calendar days of initial deposit
✓Open a new SoFi Checking and Savings account
✓Receive at least one eligible direct deposit
✓Meet minimum qualifying direct deposit within 25 calendar days of first deposit
✓Open new SoFi Checking and Savings account
✓Receive at least one Eligible Direct Deposit of $1 or more
✓Minimum $1,000 total Eligible Direct Deposits within 25 calendar days to qualify for $50 bonus
✓Minimum $5,000 total Eligible Direct Deposits within 25 calendar days to qualify for $400 bonus
✓Open SoFi Checking & Savings account
✓Receive eligible direct deposits (minimum $1 for qualification, total amount within 25 days determines bonus tier)
✓Open new SoFi Checking & Savings account
✓Receive at least one eligible direct deposit of $1+ within promotion period
✓Total eligible direct deposits determine bonus tier (evaluated over 25 days from first deposit)
✓Receive total eligible direct deposits meeting tier threshold within 25 calendar days of first deposit
✓Open SoFi Checking and Savings account
✓Receive Eligible Direct Deposit (from employer, payroll provider, benefits provider, or government agency) of $1 or more
✓Minimum total Eligible Direct Deposits within 25 calendar days determines tier ($1,000 for $50 or $5,000 for $400)
✓Open SoFi Checking and Savings account online
✓Meet direct deposit thresholds ($1,000 for $50 bonus, $5,000 for $400 bonus) within 25 calendar days of first eligible direct deposit
✓Open a SoFi Checking and Savings account
✓Receive at least one Eligible Direct Deposit of $1 or more within the promotion period
✓Receive $5,000+ in total Eligible Direct Deposits within 25 calendar days of first Eligible Direct Deposit for $400 bonus, or $1,000+ for $50 bonus
✓Accumulate qualifying direct deposits within 25 calendar days of first deposit
✓Set up first eligible direct deposit of at least $1,000
✓Eligible direct deposits must be from employer, payroll, or benefits provider via ACH
✓Receive at least $1,000 (for $50 bonus) or $5,000 (for $400 bonus) in eligible direct deposits within 25 calendar days of first deposit
✓Minimum $1,000 in eligible direct deposits within 25 days for $50 bonus
✓Minimum $5,000 in eligible direct deposits within 25 days for $400 bonus
✓Set up eligible direct deposit
✓Receive minimum qualifying direct deposits within 25 calendar days of first direct deposit
✓Receive at least one qualifying direct deposit of $1 or more

Restrictions

⚠New and existing SoFi members who have never set up direct deposit with SoFi
⚠One bonus per SoFi member
⚠New and existing members who have never previously set up direct deposit with SoFi
⚠New and existing customers who have never set up direct deposit with SoFi
⚠Direct deposits must be from employer, payroll, benefits provider, or government agency via ACH
⚠Must have account in good standing at time of bonus payment
⚠Account must be in good standing at time of bonus payment
⚠Must have open SoFi Checking account in good standing at time of bonus payment
⚠Direct deposit must be from employer, payroll provider, benefits provider, or government agency via ACH
⚠New and existing SoFi Checking & Savings members who have not previously enrolled in Direct Deposit
⚠For joint accounts, only primary account holder's direct deposit activity counts
⚠New and existing members who have never set up direct deposit with SoFi
⚠New members only (for checking account opening)
⚠Primary account holder only (for joint accounts)
⚠Eligible direct deposits only (from employer, payroll, benefits provider, or government agency)
⚠Eligible direct deposits only (payroll, pensions, government benefits)
⚠Direct deposits must be from employer, payroll provider, benefits provider, or government agency
⚠Primary account holder eligible for joint accounts
⚠Must have an open SoFi Checking account in good standing at time of bonus payment

Fees

$0 monthly account fee
$0 account fee
No monthly fees
$0 account maintenance fees
Fees charged for wire transfers, Instant Transfers, and global remittance transfers
Wire transfer fees apply
$0 account/service/maintenance fees
Outgoing wire transfer fees apply
$0 monthly fee
Wire transfer fees apply (outgoing only)
$0 account fees
No overdraft fees
Fee for outgoing wire transfers applies
Wire transfer fees apply for outgoing transfers
$0 monthly maintenance fee
$0 account maintenance fee
$0 overdraft fee

Bonuses are reportable as miscellaneous income on Form 1099-MISC
Direct Deposit must be from employer, payroll, pension, or government benefits provider via ACH
Ineligible deposits: check deposits, P2P transfers (Venmo, PayPal), merchant transactions, external bank ACH transfers, wire transfers, tax refunds
Account must be in good standing at time of bonus payment
Bonuses are considered miscellaneous income and may be reportable to the IRS on Form 1099-MISC
Direct deposit must be from payroll, pension, or government benefits via ACH
Bonuses are miscellaneous income reportable on Form 1099-MISC
Account must be open in good standing at time of bonus payment
Qualified Direct Deposits exclude P2P transfers, check deposits, merchant transactions, and bank ACH transfers from external accounts
Eligible Direct Deposits are defined as recurring deposits of regular income (payroll, pension, government benefits) via ACH from employer or benefits provider
P2P transfers, check deposits, merchant transactions, external ACH transfers, and wire transfers do not qualify
Bonuses reported as taxable miscellaneous income on Form 1099-MISC
Promotion available 5/15/2026 through 12/31/2026
Eligible direct deposits must be from employer, payroll provider, benefits provider, or government agency via ACH
Check deposits, P2P transfers, merchant transactions, and external bank transfers do not qualify
Bonuses are reported as miscellaneous income on Form 1099-MISC or Form 1042-S
Recipient responsible for taxes
Eligible Direct Deposits must be recurring deposits of regular income (payroll, pension, government benefits) via ACH from employer/payroll/benefits provider
P2P transfers, check deposits, and external bank ACH transfers do not qualify
Bonuses reported as taxable income (Form 1099-MISC)
Promotion available 5/15/2026–12/31/2026
Bonus amounts are tiered based on total eligible direct deposits received
Bonuses are considered miscellaneous income and may be reportable on IRS Form 1099-MISC
Joint account direct deposit activity only counts toward primary account holder
Bonuses are reportable income (Form 1099-MISC or 1042-S)
Deposits from check, P2P transfers (Zelle, PayPal, Venmo, Wise), merchant transactions, bank ACH transfers, wire transfers, IRS refunds do NOT qualify
For joint accounts, direct deposit activity counted only toward primary account holder
Eligible direct deposits must be from employer, payroll provider, benefits provider, or government agency
P2P transfers, check deposits, merchant transactions, and non-recurring transfers do not qualify
Bonuses are reportable to IRS on Form 1099-MISC
Bonuses are miscellaneous income reportable to the IRS on Form 1099-MISC
SoFi reserves the right to modify or end promotion at any time
Bonus amount determined by total eligible direct deposits received within 25 days of first deposit
Bonuses reportable as miscellaneous income on IRS Form 1099-MISC
The $675 title references a stacked offer: $300-$400 from SoFi plus $275-$375 from third-party portals like Rakuten
Bonus varies based on total eligible direct deposits received within 25 days
Bonuses reported to IRS on Form 1099-MISC
Only one bonus amount per member (top tier wins)
Bonuses are considered miscellaneous income and may be reportable to IRS on Form 1099-MISC
Joint accounts: direct deposit counts only toward primary account holder's eligibility
Bonuses reported as miscellaneous income on Form 1099-MISC
Non-recurring deposits and peer-to-peer transfers do not qualify
Promotion available through 12/31/2026
Bonuses considered miscellaneous income, reportable to IRS on Form 1099-MISC
Direct deposit must be from employer, payroll provider, benefits provider, or government agency
Bonus is considered miscellaneous income, reported on Form 1099-MISC or Form 1042-S
Only primary account holder eligible on joint accounts
Non-qualifying deposits include checks, P2P transfers (PayPal, Venmo, Zelle), merchant transactions, and external bank ACH transfers
SoFi reserves the right to modify or end the promotion at any time without notice

Total potential bonus

$658

Sign-Up Bonus

$400

View Promo Terms →

Additional Referral Bonus (how it works)

$38

Your 50% share of $75 paid directly by the referrer

View Referral Terms →

Cashback Portal Bonus

$220

TopCashback: $220 cashback when you open via portal

View Cashback Portal Terms →

$400 (sign-up) + $38 (referral) + $220 (cashback portal) = $658 total

Offer expires December 30, 2026

Last updated July 6, 2026

Saved source PDFs

Jul 6, 2026Change detected

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Jun 22, 2026

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Discussion

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How to evaluate SoFi Checking & Savings Bonus

Before opening this account, compare the bonus against direct deposit rules, monthly fees, minimum balance requirements, and any clawback period after payout.

More bank bonuses →All SoFi offers →Maximize bank bonuses →Direct deposit bonus guide →

Qualification checklist

Timing

Qualifying period: Within 25 days of first eligible direct deposit
Payout timeline: Within 7 business days of completing requirements

How to qualify

Eligible Direct Deposit (minimum $1,000 in first deposit)
Total qualifying direct deposits of $1,000–$4,999 for $50 bonus OR $5,000+ for $400 bonus
Direct deposits must be received within 25 calendar days of first eligible direct deposit
Eligible direct deposit of $1,000+ total within 25 calendar days of initial deposit

Common pitfalls

New and existing SoFi members who have never set up direct deposit with SoFi
One bonus per SoFi member
New and existing members who have never previously set up direct deposit with SoFi
New and existing customers who have never set up direct deposit with SoFi

What makes this offer different

What makes this bank offer different

This is a bank-bonus fit for users who can satisfy a deposit rule quickly; the key comparison point is whether the required deposit type matches your normal cash flow.

Bonus value versus similar offers

The sign-up bonus is below the current nearby $2,000 median, so the requirements and any referral or portal stack matter more.

Stacking potential

The tracked value can include $400 sign-up bonus, $38 referral share, $220 cashback portal component for a total displayed potential of $658. Confirm which apply path you use before assuming every component stacks.

Requirement clarity

Credolix has extracted 4 requirements for this offer, so compare the bonus against the actual steps rather than the headline payout alone.

Frequently Asked Questions

When does SoFi Checking & Savings Bonus expire?

SoFi Checking & Savings Bonus expires on December 30, 2026.

Can SoFi Checking & Savings Bonus stack with a referral?

Credolix tracks a referral path for this offer. The displayed user share is $38 based on 50% of the listed referral payout.

Does SoFi Checking & Savings Bonus have a cashback portal bonus?

Yes. Credolix currently tracks a cashback portal component of $220 through TopCashback: $220 cashback when you open via portal.

How long do I have to qualify for SoFi Checking & Savings Bonus?

The qualifying period listed for SoFi Checking & Savings Bonus is Within 25 days of first eligible direct deposit.

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Deposit

Bonus

$1,000+

$50

$5,000+

$400

Requirements

✓Eligible Direct Deposit (minimum $1,000 in first deposit)

✓Total qualifying direct deposits of $1,000–$4,999 for $50 bonus OR $5,000+ for $400 bonus

✓Direct deposits must be received within 25 calendar days of first eligible direct deposit

✓Eligible direct deposit of $1,000+ total within 25 calendar days of initial deposit

✓Open a new SoFi Checking and Savings account

✓Receive at least one eligible direct deposit

✓Meet minimum qualifying direct deposit within 25 calendar days of first deposit

✓Open new SoFi Checking and Savings account

✓Receive at least one Eligible Direct Deposit of $1 or more

✓Minimum $1,000 total Eligible Direct Deposits within 25 calendar days to qualify for $50 bonus

✓Minimum $5,000 total Eligible Direct Deposits within 25 calendar days to qualify for $400 bonus

✓Open SoFi Checking & Savings account

✓Receive eligible direct deposits (minimum $1 for qualification, total amount within 25 days determines bonus tier)

✓Open new SoFi Checking & Savings account

✓Receive at least one eligible direct deposit of $1+ within promotion period

✓Total eligible direct deposits determine bonus tier (evaluated over 25 days from first deposit)

✓Receive total eligible direct deposits meeting tier threshold within 25 calendar days of first deposit

✓Open SoFi Checking and Savings account

✓Receive Eligible Direct Deposit (from employer, payroll provider, benefits provider, or government agency) of $1 or more

✓Minimum total Eligible Direct Deposits within 25 calendar days determines tier ($1,000 for $50 or $5,000 for $400)

✓Open SoFi Checking and Savings account online

✓Meet direct deposit thresholds ($1,000 for $50 bonus, $5,000 for $400 bonus) within 25 calendar days of first eligible direct deposit

✓Open a SoFi Checking and Savings account

✓Receive at least one Eligible Direct Deposit of $1 or more within the promotion period

✓Receive $5,000+ in total Eligible Direct Deposits within 25 calendar days of first Eligible Direct Deposit for $400 bonus, or $1,000+ for $50 bonus

✓Accumulate qualifying direct deposits within 25 calendar days of first deposit

✓Set up first eligible direct deposit of at least $1,000

✓Eligible direct deposits must be from employer, payroll, or benefits provider via ACH

✓Receive at least $1,000 (for $50 bonus) or $5,000 (for $400 bonus) in eligible direct deposits within 25 calendar days of first deposit

✓Minimum $1,000 in eligible direct deposits within 25 days for $50 bonus

✓Minimum $5,000 in eligible direct deposits within 25 days for $400 bonus

✓Set up eligible direct deposit

✓Receive minimum qualifying direct deposits within 25 calendar days of first direct deposit

✓Receive at least one qualifying direct deposit of $1 or more

Restrictions

⚠New and existing SoFi members who have never set up direct deposit with SoFi

⚠One bonus per SoFi member

⚠New and existing members who have never previously set up direct deposit with SoFi

⚠New and existing customers who have never set up direct deposit with SoFi

⚠Direct deposits must be from employer, payroll, benefits provider, or government agency via ACH

⚠Must have account in good standing at time of bonus payment

⚠Account must be in good standing at time of bonus payment

⚠Must have open SoFi Checking account in good standing at time of bonus payment

⚠Direct deposit must be from employer, payroll provider, benefits provider, or government agency via ACH

⚠New and existing SoFi Checking & Savings members who have not previously enrolled in Direct Deposit

⚠For joint accounts, only primary account holder's direct deposit activity counts

⚠New and existing members who have never set up direct deposit with SoFi

⚠New members only (for checking account opening)

⚠Primary account holder only (for joint accounts)

⚠Eligible direct deposits only (from employer, payroll, benefits provider, or government agency)

⚠Eligible direct deposits only (payroll, pensions, government benefits)

⚠Direct deposits must be from employer, payroll provider, benefits provider, or government agency

⚠Primary account holder eligible for joint accounts

⚠Must have an open SoFi Checking account in good standing at time of bonus payment

Fees

$0 monthly account fee

$0 account fee

No monthly fees

$0 account maintenance fees

Fees charged for wire transfers, Instant Transfers, and global remittance transfers

Wire transfer fees apply

$0 account/service/maintenance fees

Outgoing wire transfer fees apply

$0 monthly fee

Wire transfer fees apply (outgoing only)

$0 account fees

No overdraft fees

Fee for outgoing wire transfers applies

Wire transfer fees apply for outgoing transfers

$0 monthly maintenance fee

$0 account maintenance fee

$0 overdraft fee