SoFi Money cash management account members who fund $500 and receive their $50 through referrals, will receive an offer for an additional $75.
To be eligible you must:
- Have already received their $50 referral bonus
- The 30-day window to participate in this promotion begins when the $50 referral bonus is paid
- Set up a Direct Deposit and have one successful direct deposit of $500 or more
Terms & Conditions:
- Participants must first apply and successfully open a SoFi Money cash management account through the SoFi Money referral program, and be original recipients of this message.
- To receive the promotional balance, one qualifying payroll direct deposit of at least $500 must be made by the participating member’s employer or payroll provider by ACH deposit within 30 days of registration.
- Direct deposits that are not from an employer (such as check deposits; P2P transfers such as from PayPal or Venmo, etc.; merchant transactions such as from PayPal, Stripe, Square, etc.; and bank ACH transfers not from employers) do not qualify for this promotion.
- Within two weeks of the direct deposit clearing, SoFi will credit participating members a one-time cash bonus of $75 into their SoFi Money account.
- In no event will any recipient be entitled to receive more than $10,000 in cumulative referral or welcome bonuses under all available SoFi referral programs within any calendar year.
- Bonuses are considered miscellaneous income and may be reportable to the IRS on Form 1099-MISC (or Form 1042-S, if applicable).
- SoFi reserves the right to disqualify anyone from participation in the referral program at any time. See full terms and conditions for more details.