How to earn the bonus
- Open or use an eligible SoFi Checking and Savings account. New and existing members qualify only if they have never set up direct deposit with SoFi.
- Have SoFi receive and recognize the first eligible recurring income direct deposit of at least $1 by 12-31-2026; this starts the 25-calendar-day evaluation window.
- During that window, receive $1,000–$4,999.99 in total eligible direct deposits for $50, or at least $5,000 for $400. Deposits may arrive in Checking or Savings; only one bonus tier is paid.
- Keep SoFi Checking open and in good standing through payment. For joint accounts, direct-deposit activity counts toward the primary holder's eligibility.
Direct deposit and qualifying activity
Recurring ACH income deposits from an employer, payroll/benefits provider or government agency qualify. $1,000–$4,999.99 total earns $50; $5,000+ earns $400. Less than $1,000 earns no bonus. Excludes bank transfers, wires, checks, peer-to-peer/merchant payments and IRS refunds.
The first eligible direct deposit of at least $1 must be received and recognized by 12-31-2026 and starts the 25-calendar-day evaluation period. The clock starts with that deposit, not account opening.
Minimum opening deposit
No opening deposit amount is published.
Offer timeline
Open the account
Open or use an eligible SoFi Checking and Savings account. New and existing members qualify only if they have never set up direct deposit with SoFi.
Complete requirements
The first eligible direct deposit of at least $1 must be received and recognized by 12-31-2026 and starts the 25-calendar-day evaluation period. The clock starts with that deposit, not account opening.
Expected bonus payout
Within 7 business days after completing the bonus requirements and the 25-calendar-day evaluation period, paid into SoFi Checking.
Account closure and payout conditions
SoFi Checking must remain open and in good standing at payment.
Monthly fee and how to waive it
$0
No monthly maintenance fee. Other account fees may apply.
Eligibility and previous-customer rules
New-customer rule
New and existing SoFi members may qualify if they have never set up SoFi direct deposit.
Previous-bonus rule
Limited to one direct-deposit bonus per SoFi member.
Other restrictions
SoFi decides deposit eligibility and may request documents. Individual and joint consumer accounts only; trust and business accounts are not supported by this product.
Availability
Available to eligible applicants with a physical address in any of the 50 U.S. states, DC or U.S. military states. Applicants must be at least 18 and meet identity and tax-identification requirements.
Deadline, payout and account closure
Offer ends
Deadline for SoFi to receive the first eligible direct deposit, not merely to submit an application.
Expected bonus payout
Within 7 business days after completing the bonus requirements and the 25-calendar-day evaluation period, paid into SoFi Checking.
Closure and payout conditions
SoFi Checking must remain open and in good standing at payment.
Bundled account, checking bonus
Opening SoFi Checking automatically includes a Savings account. This listing covers the direct-deposit bonus paid into Checking; it does not add a separate savings or referral reward. No monthly maintenance fee applies, although transaction fees can apply to certain services. The promotion does not state an opening deposit minimum.