'Refer the App' Promotion

Timeframe: 4/25/2022 - TBD

Offer Details: 

• For new members only: If a member shares the SoFi app with a friend who does not currently have the SoFi app.
• The recipient must register for a SoFi account within 24 hours of using the referrer’s unique referral link for the promotion to be attributed to their account.

Campaign Fulfillment:

• Rewards points are automatically paid to you SoFi account

Eligibility & Requirements - Promoters (referrer)

• To receive credit for a referral, promoters Referrers must send their unique referral link to a new prospect.

• Click on the 'Share Now' promotion via the app.

  • Click on 'Share your link' 

  • 'Copy' the link and then share it with a friend via phone contacts. 

  • NOTE: The prospect/ recipient must register a new profile with SoFi within 24 hours of clicking the Promoter’s unique referral link for the promotion to be attributed to the prospect’s account.

• No payout will be made to the promoter/referrer for:

  • The referee taking out a SoFi Private Student Loan if the referrer is employed by a qualified educational institution or

  • If either the referee or the referrer resides in Vermont and the product the referrer takes out is a SoFi Loan described above.

Eligibility & Requirements - Prospects (recipient)

• The referred prospect must download the app and register with SoFi within 24 hours, of clicking the Promoter’s referral link.

• Persons referred must open an eligible SoFi account within 90 days of registering for SoFi for respective bonuses to post.

  • Eligible accounts include:

    • SoFi Checking and Savings

    • SoFi Credit Card

    • SoFi Active Investing (excluding non-taxable accounts)

    • SoFi Active Investing Crypto account

    • Credit Score Monitoring

    • SoFi Student Refinance Loan

    • SoFi Private Student Loan

    • SoFi Personal loan.

  • Ineligible accounts include:

    • Invest IRA accounts

    • Invest Robo accounts

    • Relay (without CSM)

• No payouts will be made for the opening of any type of SoFi account not listed above.

• Not available to residents of Vermont.

• Must be of the legal age of majority in the state in which they reside.

• Prospect must enroll in Rewards to access their points to redeem them (need to open a product to redeem)

• See additional eligibility requirements per product in the Official Referral Program Rules: https://www.sofi.com/referral-program#official-rules

Terms and Conditions:

• SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.

• Please note that any friend whom you’d like to refer must use your specific referral link to sign-up or apply for the product they want.

• In no event will any person be entitled to receive more than $10,000 in cumulative referrals or welcome bonuses under The Referral Program within any calendar year.

• Referral Bonuses and Welcome Bonuses are each considered miscellaneous income and may be reportable to the IRS on Form 1099-MISC (or Form 1042-S, if applicable).

• The 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.

• Additional terms and conditions apply. See the Official Referral Program Rules SoFi Referral Program | Join SoFi Today for details.

• SoFi employees are not eligible to participate in this Program.