Promotion Period : 2/24/2022 12:01 AM ET - 4/30/2022 11:59 PM ET
Offer:
- $100 promotion for new and existing SoFi Checking and Savings or Samsung Money by SoFi members that deposit $1,000 or more in total qualifying Direct Deposit transactions within any consecutive 30-day window during the Promotion Period.
Payout:
- SoFi will credit members who meet the qualification criteria (eligibility) stated below with a one-time cash bonus of $100 deposited into their SoFi Checking and Savings, or Samsung Money by SoFi account within two weeks of qualification.
Eligibility:
- All new members who join SoFi Checking and Savings, or Samsung Money by SoFi during the Promotion Period and all existing SoFi Members without a prior history of Direct Deposit transactions (“Direct Deposit”) to their SoFi Checking and Savings, or Samsung Money by SoFi account as of the beginning of the Promotion Period are eligible for the Program.
- In order to qualify for the bonus, an Eligible Participant must have $1,000 or more in total qualified Direct Deposit transactions within any consecutive 30-day window during the Promotion Period.
Terms & Conditions:
- In order to qualify for the bonus, an Eligible Participant must have $1,000 or more in total qualifying Direct Deposit transactions within any consecutive 30-day window during the Promotion Period.
- 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.
- This offer cannot be combined with the SoFi Checking and Savings rate discount on a SoFi loan.
- SoFi reserves the right to exclude any Members from participating in the 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 Program at any time.
Tax Consequences:
- Bonuses are considered miscellaneous income and may be reportable to the IRS on Form 1099-MISC (or Form 1042-S, if applicable).