The Knot Promotion

  • Updated
Follow

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!

  • 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.
    •  

 

Related articles