$100 Welcome Offer - open to new Money Members!
Timeframe: 3/1/21 - 4/30/21
Offer: $100 promotion for new SoFi Money members that deposit $1,000 or more in total qualifying Direct Deposit transactions within a 30-day period.
Eligibility and Details:
To be eligible for this promotion, you must be a new or existing SoFi Money Member. All new and existing SoFi Members without a prior history of Direct Deposit transactions (“Direct Deposit”) to their SoFi Money account are eligible for this promotional program.
Terms & Conditions:
- New SoFi Money members who open their account within the enrollment period are automatically enrolled in the Program with the account open date acting as the effective enrollment date.
- Existing members without a prior history of Direct Deposit transactions (“Direct Deposit”) are automatically enrolled in the Program at the start of the enrollment period.
- Bonus Terms: In order to qualify for the bonus, an enrolled member must have $1,000 or more in total qualifying Direct Deposit transactions within a 30-day period. Members have 60 days after enrollment in order to qualify for the bonus.
- Qualifying Direct Deposits must be made from the enrolled member’s employer, payroll, or benefits provider via ACH deposit.
- 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.
- SoFi will credit members who meet the qualification criteria stated above with a one-time cash bonus of $100 deposited into their SoFi Money account within two weeks of qualification.
- 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 exclude any Members from participating in the promotional program for any reason, including suspected fraud, misuse, or if suspicious activities are observed.
- SoFi also reserves the right to stop or make changes to the promotional program at any time.
To open an account go to https://www.sofi.com/money/ or open using our SoFi Mobile App.