SoFi Checking & Savings Sign Up Bonus: Earn Up to $650 Via Referral, Swagbucks/Rakuten

Looking to boost your savings? Discover how opening a new SoFi Checking & Savings account can net you up to $650! Intrigued? Read on to learn more.

How Can Opening a SoFi Account Benefit You?

Are you constantly on the lookout for ways to make your money work harder for you? Imagine opening a new checking and savings account and instantly being on your way to earning an extra $650. This isn’t just any offer; it’s a real opportunity from SoFi, a leading finance platform. By combining SoFi’s referral program with additional bonuses from Rakuten or Swagbucks, you can maximize your earnings simply by managing your money smartly.

Let’s look into how you can grab this offer and give your savings a significant boost.

Recent Updates

• Update 8/19/2024: Rakuten increased its offer to $350. So now you can earn up to $650 when you stack with SoFi’s offer.
• Update 5/6/2024: Rakuten is now offering $250 (higher than the previous offer of $200).

READ MORE: FIND THE BEST BANK BONUSES HERE

SoFi Checking & Savings Sign Up Bonus (Earn $650 When You Combine Offers)

SoFi is currently offering a lucrative opportunity for new users: open a Checking & Savings account and earn up to $600. Here’s how it breaks down: You can earn $350 from Rakuten or Swagbucks when you met their requirement. Then, SoFi itself provides a $300 bonus based on the amount of direct deposit you transfer into your new account during the Direct Deposit Bonus Period. To qualify, you must ensure your first direct deposit is $1,000 or more, which can come from your employer, payroll, benefits provider, or government agency via ACH deposit.

This offer is compelling because it not only gives you a substantial cash bonus but also introduces you to a banking service with high-yield APY, no account fees, and additional FDIC insurance up to $2M, making it a smart choice for anyone looking to optimize their financial health.

Step 1: How to Earn $350 from Rakuten or $200 From Swagbucks

Earning an additional $300 on top of the SoFi sign-up bonus is a fantastic way to maximize your rewards, and you have the choice between two popular platforms: Rakuten and Swagbucks. Rakuten is offering $350 and Swagbucks at $200, both come with their own set of steps and conditions. Here’s how you can secure this extra cash:

Earning with Rakuten

1. Sign Up or Log In: If you’re new to Rakuten, you’ll need to create an account. Use this referral link to sign up (and get a Rakuten sign up bonus) Existing users can simply log in.
2. Find the SoFi Offer: Search for SoFi Banking on the Rakuten platform to locate the specific offer.
3. Follow the Rakuten Link to SoFi: Make sure to click through the Rakuten link directly to the SoFi website to ensure your sign-up is tracked correctly.
4. Open a New SoFi Checking & Savings Account: Complete the account opening process as directed.
5. Meet the Direct Deposit Requirement: You must complete a direct deposit of at least $500 into your new SoFi account within 45 days of clicking through the Rakuten link.
6. Receive Your Bonus: After meeting the requirements, your bonus will be credited to your Rakuten account, which you can then cash out according to Rakuten’s standard procedures.

Earning with Swagbucks

1. Sign Up or Log In to Swagbucks: Create a new Swagbucks account if you don’t already have one, or log in to your existing account. Use this referral link to sign up to get a Swagbucks sign up bonus as well.
2. Locate the SoFi Offer: Use the search function on Swagbucks to find the current SoFi Checking and Savings account offer.
3. Activate the Offer: Click on the offer link provided by Swagbucks to be redirected to SoFi’s account opening page. This step is crucial for tracking your eligibility for the bonus.
4. Open Your Account and Deposit: Open your new SoFi Checking & Savings account and make an initial deposit of $400 to qualify for the Swagbucks offer.
5. Wait for the Bonus to Post: Your $200 cash back will be available as Swagbucks points, known as SB, which can be redeemed for Amazon or PayPal gift cards. The SB will appear as pending for 32 days after your qualifying deposit.

Step 3: How to Get $300 with Your SoFi Checking & Savings Account

Once you’ve successfully opened your SoFi Checking & Savings account, you’re well on your way to earning more bonuses. SoFi offers a tiered bonus system for new account holders who meet certain direct deposit requirements, with the opportunity to earn up to $300. Here’s a step-by-step guide on how to secure this additional bonus:

Understand the Direct Deposit Requirements

To qualify for the $300 bonus, you need to ensure that your account receives direct deposits totaling $5,000 or more during the Direct Deposit Bonus Period. The Direct Deposit Bonus Period begins the day your first direct deposit hits your account and lasts for 25 calendar days.

Set Up Direct Deposit

• From Your Employer: Contact your HR department or payroll provider to set up direct deposit to your new SoFi Checking & Savings account. You will need to provide your SoFi account number and routing number.
• From Government Benefits: If you receive government benefits, you can usually set up direct deposit through the agency providing your benefits. Again, you’ll need your SoFi account and routing numbers.

Monitor Your Account

Keep an eye on your account to ensure your direct deposits are coming through as expected. Remember, the total amount received within the Direct Deposit Bonus Period must be $5,000 or more to qualify for the $300 bonus.

Receive Your Bonus

Once the Direct Deposit Bonus Period has ended, SoFi will review your account to confirm you’ve met the qualifying criteria. If you have, the $300 bonus will be deposited into your checking account within seven business days.

Earning $650 Recap

Here’s a recap of how the $650 SoFi Checking & Savings bonus work:

• Earn $350 from either Rakuten or Swagbucks.
  • If you don’t have a Rakuten account, sign up here. Read about the Rakuten sign up bonus here.
  • If you don’t have a Swagbucks account, sign up here. Read about the Swagbucks welcome offer here.
• Earn $300 from SoFi when you meet the direct deposit requirement (totaling $5,000 or more).

Alternative Offer: Earning the SoFi $325 Sign-Up Bonus via Referral Link

If the SoFi and Rakuten/Swagbucks combo offer is too much hassle, you can earn $325 from one straightforward link.

SoFi Checking & Savings: Up To $325 + Up To 4.60% APY

• What you’ll get: Up To $325 + Up To 4.60% APY
• Where it’s available: Nationwide
• How to earn it: Receive a bonus worth up to $325 based on the total of the direct deposits you receive in a 25-day evaluation window when you open a SoFi Checking and Savings account. Members will also earn up to 4.20% APY. See the Bonus Details section below for more information.
• When it expires: 6/30/2024

>> OFFER LINK

SoFi Referral Offer

Existing SoFi users have the chance to earn by referring new users to open a Checking & Savings account. For each successful referral, both the referrer and the new user can earn a bonus, contributing to the total $325 potential sign-up bonus for the new user. This creates a win-win situation, encouraging current users to spread the word while offering new users an attractive starting bonus.

About SoFi

SoFi stands out in the crowded financial services market by offering a comprehensive suite of products designed to help users manage their money more effectively. From high-yield savings and checking accounts to investment platforms and loan services, SoFi targets a broad audience looking for smarter financial solutions. Its no-fee model, competitive interest rates, and user-friendly interface make it a compelling choice for anyone looking to improve their financial situation.

READ MORE: FIND THE BEST SOFI OFFERS HERE

Our Take on the Offer

This SoFi sign-up offer is a standout opportunity for anyone looking to switch to a high-yield checking and savings account. The combination of SoFi’s direct bonus and the additional cash back from Rakuten or Swagbucks makes this one of the most generous banking offers available. If you’re eligible for the offer and can meet the direct deposit requirements, it’s a straightforward way to earn extra money while gaining access to SoFi’s suite of financial tools.

Frequently Asked Questions About SoFi

• What is the minimum direct deposit required to qualify for the SoFi bonus?
  • You need to make a direct deposit of $1,000 or more to qualify for the SoFi bonus.
• Can existing SoFi users qualify for this sign-up bonus?
  • No, the sign-up bonus is only available to new SoFi Checking and Savings customers.
• How do I choose between Rakuten and Swagbucks for the additional $200?
  • You should compare the terms and conditions of both offers and select the one that best fits your preferences for cash back or gift card rewards. I prefer Rakuten, you can get a sign up bonus with my referral link.
• When will I receive my SoFi bonus?
  • The bonus is typically deposited into your SoFi account within seven business days after the Direct Deposit Bonus Period ends.