The Offer
SoFi Money is offering the following referral bonus:
- Get $75 when signing up with a referral link and making two $500 direct deposits.
- Referrer gets $25, I believe.
$75 offer will show clearly on the referral link page. Not sure what counts for direct deposit with SoFi.
Referring Friends
Do not leave referral links in the comments to this post.
You can share your referrals in this dedicated post by following the instructions there. We had a SoFi referral thread, but all those links have expired as they changed the referral offer from $25 to $75.
Our Verdict
We usually don’t post bonuses less than $100. In this case, your friend will also get a bonus (I think $25), so that bumps up the value. Plus, a lot of people find this one of the best accounts to have as it’s a hybrid checking/savings account, along with things like worldwide ATM refunds and other perks.
Do not leave referral links in the comments to this post.
I’m preparing to go to war against SoFi. Anybody have the terms and conditions for the SoFi referral of $75 bonus for two direct deposits of +$500 each?
They said it ended 5/31 but I swore the terms and conditions didn’t have that date in it when I signed up via referral. I literally signed up the day after but it still said $75 bonus and didn’t have that end date. I’ll be posting this in multiple SoFi threads to see if it triggers anybody’s alerts.
Don’t bother with SoFi live chat, secure message via some secure website only viewable in browser, or official open ticket reply via email. It seems “Email the CEO” via desktop browser only gets the best result with a personal CSR handler and not a robotic CSR that copy/pastes and makes up random things and sometimes contradictory information too.
Trying to bypass spam filter.
They’re horrible. I signed up with the 5% back on the debit card promo up to $100. I made a purchase, didn’t see the bonus and emailed them. They said it ended one day before I signed up and wouldn’t budge.
I CFPB’d them and they actually gave me the full $100.
So, you’re going to need to go that route. At least they responded positively to that.
Thank you very much for the positive DP Daniel. That is extremely helpful. I will give them the end of the week to respond.
I sent them screenshots of the terms without the ending date they are stating and threatened them with every oversight and consumer protection organization I can think of lol.
Literally an hour after your post, they responded and denied me again. I will be popping my CFPB cherry. Time to learn new things.
The referral thread seems to have expired links … I guess because the $75 is expired? Is there another thread for referrals to the current $50 (or 75) bonus? tia
The current bonus is you get $25 and I get $50 BTW.
Thanks
I’m trying to contact the user Josie101 who posted the referral code ending in 0e344622f53a. I used that code to open my account but treasury bills didn’t count to get the bonus. Support says they will recharacterize those transactions to credit me and my referrer for it, but they’re asking for a full name and email address of my referrer – reach out at [email protected] if Josie101 sees this.
Just received email from SoFi for new promotion. Refer a friend and receive $75 (stock) when they sign up and deposit $1,000. Friend will also receive $75 (stock) upon completing $1,000 deposit. Can make up to $10,000 this way,
I sent ACH transfer via Wealthfront and I’m not sure if this is going to code as DD. Anyone have success recently?
on another DOC link about Sofi, some folks stated that wealthfront ach no longer worked since feb/march
Okay, I did this at the end of March so that would explain it not working. So are real DD the only thing that truly work now?
I will give them some credit, the $75 posted very fast, 3 business days after my 2nd DD. Now to get that $75 out immediately… .1%, oiy veh. At least I don’t see any reference of “ten times the national average” anymore on their homepage, LOL
What did you use for the DD?
likely a real DD
Sorry, I did use real DD from work. Oddly enough they didn’t show up until 9AM or so, around when the markets opened. Every other bank account they show up sometime around 3AM, overnight.
Chase coded as DD according to this comment https://old.reddit.com/r/churning/comments/fgc3d3/bank_account_bonus_week_of_march_10_2020/fk49l54/
The way I read that comment is the other way around, Sofi as DD for Chase.
These guys jumped on yesterday’s rate cut fast, already got an email that their rate is being lowered to 1.1% from 1.6%. But it’s OK they claim, it’s still 10x the national average!
Now cut from 1.1% down to 0.1%. Don’t worry though. They offer some great features that other banks have too *eye roll*.
Now, it’s down to 0.1%. Almost as useless as all the other banks.
Got email with subject line announcing interest rate hike… From 0.1 to 0.2
Wealthfront wouldnt let me transfer money to my sofi account…even tho I did trial deposits they wrote me to say the account is too new to transfer to, weird.
That’s odd. Did you ask how long you have to wait? Did you just open the Wealthfront now?