Timeframe:
11/18/2022 - TBD
Offer Details:
Current Credit Card, Invest, Relay and Personal Loan Members whose accounts have been open 60 days or more will receive $50 when they open and fund a Checking & Savings account with $10 using a qualifying deposit method.
Payout:
- Once the funds have settled into the account, qualifying participants will receive a cash deposit of $50 into their SoFi Checking and Savings account within 7 business days.
- In the case of joint accounts, participants will receive a total of $50 into the joint account.
Eligibility:
- Members with at least one of the following products: credit card, Relay, Invest, personal loan.
- Members must have opened an account with SoFi at least 60 days ago.
- Members may NOT have opened an account with SoFi Money or SoFi Checking and Savings.
Terms & Conditions:
- The Open Offer is available to new SoFi Checking and Savings members who have not previously opened an account under SoFi Money or SoFi Checking and Savings.
- If you previously opened and closed a SoFi Money or SoFi Checking and Savings account, you are not eligible for the Open Offer.
- This offer is limited to one bonus per account. You must receive this offer directly from SoFi to be eligible and respond via the specific link contained in this communication.
- This offer is only available to members who have opened one of the following products and remained in good standing for at least 60 days: SoFi Invest, SoFi Relay, SoFi Personal Loan or SoFi Credit Card. Participants must comply with the terms of the SoFi Bank Deposit Account Agreement and all other terms and conditions applicable to SoFi Checking and Savings.
- To receive the Open Offer, participants must first apply, successfully open a SoFi Checking and Savings account, and fund the account with at least $10 in a single deposit.
- Funds must settle within 14 days of account open.
- The deposit must be made via an ACH transfer from a linked bank account, or via “Instant Transfer” from a debit card (if available).
- P2P transfers (ACH-based P2P or debit-card based P2P from Venmo, PayPal, Apple Cash, Square Cash, etc.) are excluded.
- Once the funds have settled into the account, qualifying participants will receive a cash deposit of $50 into their SoFi Checking and Savings account within 7 business days.
- In the case of joint accounts, participants will receive a total of $50 into the joint account.
Terms & Conditions:
- SoFi and its affiliates have an obligation to meet its tax reporting requirements. Per applicable law, bonus amounts of $600 or greater in a single calendar year will be reported to the Internal Revenue Service (IRS) as other income to the recipient on Form 1099-MISC in the year received. The tax reporting threshold of $600 or greater is applied on a consolidated basis across all products.
- Recipient is responsible for any applicable federal, state, or local taxes associated with receiving the bonus offer. Consult your tax advisor to determine applicable tax consequences. SoFi reserves the right to change or terminate the offer at any time without notice.