The Knot Promotion

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The Knot and SoFi are teaming up to provide a special $50 welcome offer for new SoFi members who open a Checking and Savings account as part of completing their wedding registry with The Knot! In addition to the offer outlined below, new members can combine SoFi’s existing Direct Deposit Promotion and earn up to an additional $300. Click here to view the $300 Direct Deposit Welcome Offer details.

  • Timeframe: 29  -  31 DEC 2024
  • Requirements:
    • Eligible applicants must apply and successfully open a SoFi Checking and Savings account. 
    • Deposit $10 or more into your SoFi Checking and Savings account via an eligible method.
    • SoFi members must fund the account with at least $10 in a single deposit.
      • The funds must settle within 60 days of clicking the promotional link to receive a bonus.

  • Eligibility and Details: 

    • The Knot x SoFi Promotion is available to NEW SoFi Checking and Savings members.

    • If you previously opened and closed a SoFi Money or SoFi Checking and Savings account, you are not eligible for The Knot Promotion
    • This offer is limited to one bonus per account.
    • The deposit of $10 or greater must be made via an Automated Clearing House (“ACH”) transfer from a linked bank account or via “Instant Transfer” from a debit card (if available).

    • Peer-to-peer transfers (e.g., Venmo/Paypal/Square), ACH transactions that are not from a linked bank account, Zelle transactions, and wire transfers are not eligible for The Knot Promotion.

  • Terms & Conditions:

    • To receive The Knot Promotion, participants must click, apply for, and successfully open a SoFi Checking and Savings account using one of the following:

      • A promotional link received directly from a marketing communication from The Knot Worldwide 

      • A promotional link on the The Knot Worldwide website specifically promoting The Knot Promotion.

    • Members must fund the account with at least $10 in a single deposit.

    • Funds must settle within 60 days of clicking the promotional link to receive a bonus.

    • In the case of joint accounts, only the primary account holder (i.e. the member who signed up first) is eligible for the offer. 

  • Tax Concenques: 
    • Bonus amounts of $600 or greater in a single calendar year may be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received by applicable law.
    • The recipient is responsible for any applicable federal, state, or local taxes associated with receiving the bonus offer.
    • Consult a tax advisor to determine applicable tax consequences.
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