How do I get my SoFi $300 bonus?

To get the $300 direct deposit bonus from SoFi, you must set up a direct deposit to your account. The account must receive at least $5,000 in direct deposits within 30 calendar days to earn the $300 bonus. If the account receives less than $5,000 in direct deposits but more than $1,000 within this timeframe, you'll get a $50 cash bonus.

What bank gives you money for setting up direct deposit?

SoFi is one banking platform that provides a bonus when you set up a direct deposit. But it's not the only bank account that offers this opportunity.

Are there promotions for new SoFi customers?

Yes, SoFi is currently offering a sign-up bonus for new customers when they open a SoFi Checking and Savings account. You can earn between $50 and $300 depending on the amount of your direct deposit.

How do I redeem a SoFi promotion?

To redeem the SoFi Checking account bonus you need to be a new customer and open a SoFi Checking and Savings account. You then need to set up direct deposit. The minimum amount you can deposit to get the $300 bonus is $5,000.

What counts as a qualifying direct deposit?

A qualifying direct deposit could mean your paycheck, such as one you receive from an employer. It could also include any government benefits you receive or any other source of recurring income, such as through an ACH transfer.

Are there any fees with a SoFi Checking and Savings Account?

No. SoFi doesn't charge any fees for its Checking and Savings Account. That includes no monthly maintenance charges or overdraft fees. You should be aware of other charges, though, such as if you are using an ATM that's outside of the SoFi network.

Advertiser Disclosure

SoFi Bonus Offers and Promotions for 2025

October 7, 2025

Written by Sarah Sharkey

Edited by Melanie Grafil

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SoFi® is a fintech that offers a suite of financial products, from student loan refinancing to banking. The company has been around for over a decade. As it has grown, it has continued to offer new products. Some of those products come with a promotional bonus attached. Luckily for you, there are some bonuses and promotional offers available through SoFi.

Current SoFi Bonuses and Promotions: October 2025

When you are comparing financial products, the right bonus could make all the difference. SoFi offers a couple of attractive promotional bonuses that might be the right fit for your wallet.

Account Type	Bonus Amount	Offer Expiration
SoFi Checking and Savings	Up to $300	Jan. 31, 2026
SoFi Invest®	Up to $1,000 in Stocks**	N/A

SoFi Checking Account Bonus

SoFi Checking Account Bonus: Up to $300*

Bonus value: $50 to $300, depending on your direct deposit amount. You’ll earn $50 for any deposit between $1,000 and $4,999.99, and $300 for any deposit of $5,000 or more
Minimum deposit to qualify: $1,000 for a $50 bonus; $5,000 for a $300 bonus
Expiration date: Jan. 31, 2026
How to qualify: You must open a SoFi Checking and Savings account, Member FDIC, set up direct deposit, wait for the deposit to hit your account — which can take two to four weeks — and then collect your bonus.
When you’ll get it: You’ll get your bonus within two to four weeks of your direct deposit hitting your account or within 25 days of the promotional period.
Terms and conditions: You cannot be an existing customer to get the bonus and if you are a new customer, you need to open a SoFi Checking and Savings account and set up the qualifying direct deposits.
Monthly fee: $0

Learn more about the SoFi Checking Account bonus.

SoFi Investing Bonus

SoFi Invest® Bonus: Up to $1,000 in Stocks**

Cash value: Up to $1,000 in stocks
Minimum investment required: $50
Expiration date: None specified
How to qualify: You need to open an Active SoFi Invest Brokerage account and fund it with at least $50 to qualify for a chance to win the bonus.
When you’ll get it: Within 45 days of opening the account
Terms and conditions: For most customers, the selected stock isn’t worth nearly that much. SoFi claims the probability of receiving $1,000 is 0.026%. But you do have an 85.47% chance of snagging a fractional share worth $5 and a 9.48% chance of winning a fractional share worth $10.
Monthly fee: $0

Learn more about SoFi Investing and up to $1,000 in stocks.

Good To Know

With the stated odds, it’s unlikely you would walk away from this promotion with a sizeable boost to your fledgling investment portfolio. But it’s worth a shot if you want to pursue the opportunity anyway and potentially gain a fractional share.

What To Know About SoFi Bonuses

A bonus from SoFi can give your finances a lift. But it’s important to understand the details surrounding SoFi bonuses to avoid being caught off guard. Below are some important things to be aware of as you pursue SoFi bonuses.

Taxable Income

Bank bonuses are usually considered taxable income, as is the interest you earn through your bank account. Since this income is taxable, you’ll need to factor that into your tax bill at the end of the year.

At tax time, SoFi should send you a 1099-MISC form to include in your tax return. This document reports the amount of money you’ve earned from SoFi in the form of bonuses and interest payments throughout the year.

If you miss the memo from SoFi about this document, you should be able to find it somewhere in your account. For example, this information might be an “Important Documents” section. Make sure to include this income in your tax returns.

Existing Customers Aren’t Eligible

Don’t get your hopes up for this bonus if you already have a banking relationship with SoFi. Unfortunately for existing SoFi customers, the $300 bank bonus isn’t available. Instead, the promotional bonus opportunity is reserved for new SoFi banking customers.

What To Do With Your SoFi Bonus

If you earn a bonus from SoFi, that’s great news. The next step is to determine what you want to do with those funds. Below are some ways to consider making the most of your newfound funds:

Beef Up Your Emergency Savings Account

If you score a cash bonus of $50 or $300, that could be the perfect way to boost your emergency savings.

Many experts recommend saving between three to six months’ worth of expenses in a savings or checking account, which can be a difficult target to hit for many savers. Stashing this bonus with your emergency savings could give you much-needed breathing room for the unexpected things that life throws your way.

Pay Off Debt

If you are trying to get out of debt, every little bit counts. That’s especially true if you are dealing with high-interest debt. For those with a debt repayment plan, use the extra funds to accelerate your debt repayment timeline.

Invest for the Future

Investing for your long-term savings goals, like retirement, is never a bad use of funds. If you have a stocked emergency fund and don’t have any high-interest debt, directing your funds into an investment portfolio could be the right move.

Cover a Specific Spending Goal

An extra $300 can make a big difference to any budget. If you have a specific thing you want to spend the money on, consider treating yourself. For example, you could use a bonus to cover your holiday spending without tapping into other funds.

Treat Yourself

Spending incoming cash on a splurge often gets a bad rap. But the reality is that there is nothing wrong with treating yourself, especially if you have your household finances under control. Consider using the funds to take someone out to a nice dinner or book the spa treatment you’ve been dreaming of.

If you score a cash bonus from SoFi, make the most of it. Everyone has a different financial reality. For some, using the funds to boost emergency savings or open a certificate of deposit (CD) is a priority. For others, paying off debt will be the best use of the funds. Those in stable financial situations might prefer to use the bonus for a fun splurge. Do what makes the most sense for your unique situation.

Final Take

SoFi does offer some attractive bonus opportunities through its products. If you decide that SoFi’s accounts are the right fit, don’t hesitate to sign up and complete the steps to hit the bonus. But if you aren’t convinced SoFi’s products have what you are looking for, explore some of the other top bank account bonuses to stretch your dollars further.

Sofi Bonus Offers FAQ

The prospect of snagging a SoFi bonus is exciting. Here are the answers to some of the most common questions about SoFi bonuses.

How do I get my SoFi $300 bonus?
- To get the $300 direct deposit bonus from SoFi, you must set up a direct deposit to your account. The account must receive at least $5,000 in direct deposits within 30 calendar days to earn the $300 bonus. If the account receives less than $5,000 in direct deposits but more than $1,000 within this timeframe, you'll get a $50 cash bonus.
What bank gives you money for setting up direct deposit?
- SoFi is one banking platform that provides a bonus when you set up a direct deposit. But it's not the only bank account that offers this opportunity.
Are there promotions for new SoFi customers?
- Yes, SoFi is currently offering a sign-up bonus for new customers when they open a SoFi Checking and Savings account. You can earn between $50 and $300 depending on the amount of your direct deposit.
How do I redeem a SoFi promotion?
- To redeem the SoFi Checking account bonus you need to be a new customer and open a SoFi Checking and Savings account. You then need to set up direct deposit. The minimum amount you can deposit to get the $300 bonus is $5,000.
What counts as a qualifying direct deposit?
- A qualifying direct deposit could mean your paycheck, such as one you receive from an employer. It could also include any government benefits you receive or any other source of recurring income, such as through an ACH transfer.
Are there any fees with a SoFi Checking and Savings Account?
- No. SoFi doesn't charge any fees for its Checking and Savings Account. That includes no monthly maintenance charges or overdraft fees. You should be aware of other charges, though, such as if you are using an ATM that's outside of the SoFi network.

More About SoFi

Caitlyn Moorhead contributed to the reporting for this article.

Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Oct. 7, 2025.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

*New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on Dec. 7, 2023 and will be available through Jan. 31, 2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of June 2, 2025. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.

**Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Probability percentage is subject to decrease.

_{We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at}_{sofi.com/legal/banking-fees/}_.

_{SoFi has partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.}

_{Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with direct deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage.}

Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(http://www.finra.org)/SIPC(www.sipc.org).

There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.

INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.