Time frame: January 10, 2022 12:00 AM ET - January 31, 2022 11:59 PM ET
NO PURCHASE NECESSARY TO ENTER OR WIN.
A PURCHASE WILL NOT IMPROVE YOUR CHANCES OF WINNING.
AGREEMENT TO OFFICIAL RULES: PARTICIPATION IN THE SOFI ACTIVE INVEST’S $250,000 GIVEAWAY (THE “SWEEPSTAKES”) CONSTITUTES ENTRANT’S FULL AND UNCONDITIONAL AGREEMENT TO THESE OFFICIAL RULES, THAT THEY ARE 18 YEARS OF AGE OR OLDER, ELIGIBLE TO ENTER AND AGREE TO ABIDE BY SPONSOR’S DECISIONS, WHICH ARE FINAL AND LEGALLY BINDING IN ALL MATTERS RELATED TO THE SWEEPSTAKES.
ELIGIBILITY: To be eligible for this Sweepstakes, at the time of participation you must be:  a legal resident of and physically located within the 50 United States or the District of Columbia (collectively, "Territory");  18 years of age or older; and  a registered user of SoFi.com or the SoFi app who does not have a SoFi Active Invest account prior to January 10, 2022 (collectively an “Entrant”). Entrants must be a registered SoFi app or Sofi.com user before he or she can open a SoFi Active Invest account. If you are not a registered SoFi user, you can register for free without any obligation at SoFi.com or by downloading the SoFi app. Entrants cannot be a current employee (or any person who has been employed by SoFi within the last twelve months) of Social Finance, Inc. (the “Sponsor”) or of its parent, subsidiary, affiliated or successor companies; Ventura Associates International LLC (the “Administrator”) and any advertising, promotional or fulfillment agencies involved in this Sweepstakes (individually and collectively, "Sweepstakes Entities”); nor members of their households or immediate families whether related or not, and all such individuals are not eligible to participate. "Household members" shall mean people who share the same residence at least three months a year. "Immediate family members" shall mean parents, stepparents, children, stepchildren, siblings, stepsiblings, or spouses.
ENTRY PERIOD: Sweepstakes begins at 12:00:00 am Eastern Time (ET) on January 10, 2022 and ends at 11:59:59 pm ET on January 31, 2022 (the “Sweepstakes Entry Period"). The Sweepstakes Entry Period consists of three (3) Weekly Prize drawings and one (1) Grand Prize drawing. Refer to the chart below for details on each Weekly Prize Drawing’s deadline.
Weekly Entry Period Ends
11:59:59 PM ET on January 16, 2022*
11:59:59 PM ET on January 23, 2022*
11:59:59 PM ET on January 31, 2022*
*If your Entry is selected as a winner for a given Weekly Prize Drawing, your entry will not qualify for subsequent weekly prize drawings; but will qualify for the Grand Prize Drawing. All non-winning Weekly entries will qualify for inclusion into any subsequent Weekly Prize drawing(s) plus the Grand Prize drawing.
HOW TO ENTER: To enter and receive one (1) entry in the Weekly Prize drawing your entry qualifies for plus one (1) entry in the Grand Prize drawing, an eligible Entrant must open a free SoFi Active Invest account (excluding IRAs) during anytime within the Sweepstakes Entry Period by following all instructions on the SoFi app or SoFi.com.
WINNER SELECTION & ODDS OF WINNING: WEEKLY WINNERS: Potential weekly prize winners will be selected in a random drawing from all eligible entries received during a given Weekly Prize drawing entry period within three (3) business days from the end of a given Weekly Prize drawing entry period. Odds of winning a weekly prize depend on the number of eligible entries received for a given Weekly Prize drawing. GRAND PRIZE: Potential grand prize winner will be selected in a random drawing from all eligible entries received during the Sweepstakes Entry Period on or about February 4, 2022. All random drawings will be conducted by a representative from the Administrator whose decisions are final. Odds of winning the grand prize depends on the number of eligible entries received during the Sweepstakes Entry Period.
WINNER NOTIFICATION: Each winner will be notified within two (2) business days after the random drawing by the Administrator who will require each winner to complete, sign and return an Affidavit of Eligibility & Release of Liability, and where permissible, a Publicity Release (collectively the “Affidavit”) and any other required document request by Sponsor within three (3) days from date specified on notification, or an alternate winner may be selected at Sponsor’s sole discretion. If an email notification is returned as undeliverable, or if any winner fails to execute and return any document required by the Sponsor and/or Administrator within the time allocated, or if a winner cannot accept prize for any reason, or if he or she is not in compliance with these Official Rules, the winner will be disqualified and at the Sponsor’s sole discretion, the prize may be awarded to an alternate winner from all non-winning entries the disqualified entry originated.
PRIZES: One (1) Grand Prize: $100,000.00. One hundred and fifty (150) Weekly Prizes: fifty (50) prizes awarded per Weekly Prize drawing; $1,000.00 each. Maximum value of all prizes: $250,000.00. Limit: one (1) weekly prize per winner for the duration of the Sweepstakes Entry Period. Each prize will be awarded after winner verification. Regardless of prize amount won, each winner’s prize will be deposited to winner’s SoFi Active Invest account. All prizes will be distributed as a cash payout into the winner’s SoFi Active Invest Account. Detailed information regarding the services of SoFi Active Invest can be read at: sofi.com/legal. Each winner is responsible for notifying Sponsor of changes in their email addresses or mobile number(s). An IRS form 1099 will be filed in the name of any winner of a prize valued at $600.00 or more.
No substitution or transfer of any prize to a third party is permitted and prizes cannot be redeemed for cash value, except by Sponsor, who reserves the right in its sole discretion to substitute any prize. If applicable, all investment gains and losses, taxes, fees, federal, state, local or other expenses relating to the use, acceptance and possession of any prize are the sole responsibility of each winner. Except where prohibited by law, by accepting a prize, the recipient consents to the use of his/her name, photograph, likeness, taped, filmed, or otherwise recorded image, statements and limited biographical information (city and state of residence) for publicity or advertising purposes in all media worldwide, including but not limited to social media, without limitation and without further compensation or notice.
CONSENT AND RELEASE: By participating in the Sweepstakes, Entrants (and their parent(s)/legal guardian(s) if Entrants are minors who are expressly prohibited from entering) release, indemnify and hold harmless the Sponsor, Administrator, and each of their respective parent companies, affiliates, subsidiaries, officers, directors, partners, equity holders, agents, employees, and all others associated with the development and execution of this Sweepstakes (collectively, the “Released Parties”) from and against any and all claims, damages or liabilities with respect to, or in any way arising from or relating to such Entrant's participation or attempt to participate in the Sweepstakes, the ability or inability to upload, download or transmit any information in connection to the Sweepstakes and/or the acceptance or use (included related travel if any) of the Prize (if applicable), including without limitation liability for personal injury, damages, death, monetary loss, defamation or violation of privacy rights. No responsibility or liability is assumed by the Sponsor for technical problems or technical malfunction arising in connection with any of the following occurrences which may affect the operation of the Sweepstakes: Hardware or software errors; faulty computer, telephone, cable, satellite, network, electronic or Internet connectivity or other online or network communication problems; errors, omissions or limitations of any Internet providers, servers, hosts or other providers; garbled, jumbled or faulty data transmissions; failure of any online transmissions to be sent or received; lost, late, delayed, incomplete, inaccurate, damaged, destroyed, misdirected or not received or intercepted transmissions; inaccessibility of any website in whole or in part for any reason; traffic congestion on the Internet or any website; unauthorized human or non-human intervention of the operation of the Sweepstakes, including without limitation, unauthorized access, tampering, hacking, theft, virus, bugs, or worms; or destruction of any aspect of the Sweepstakes, or loss, miscount, misdirection, inaccessibility or unavailability of any email or social media account used in connection with the Sweepstakes; any errors, omissions, interruptions, deletions, defects, delays in operation failures or human error that may occur in the transmission, receipt or processing of entries, or for deletion, theft or destruction of, unauthorized access to, or alteration of, entries; causes beyond Sponsor’s reasonable control that jeopardize the administration, security, fairness, integrity or proper conduct of this Sweepstakes; any entries submitted in a manner that is not expressly allowed under these Official Rules (all such entries will be disqualified); or cheating or fraud by any Entrant. Sponsor is not responsible for any typographical errors, any incorrect or inaccurate information, whether caused by Entrants, site users, tampering, hacking, or printing errors or by any of the equipment or programming associated with or utilized in the Sweepstakes; in the announcement of prizes or these Official Rules, or any inaccurate or incorrect data contained on any website. Use of the SoFi app is at user’s own risk. Neither Sponsor, nor the Administrator are responsible for any personal injury or property damage or losses of any kind which may be sustained to user's or any other person's computer (hardware or software) and/or other device related to or resulting from participation in the Sweepstakes or the acceptance or use of any prize awarded. The use of third-party software or website or automated entry systems to participate is prohibited, and Sponsor reserves the right to disqualify entries made in such fashion.
By entering, Entrants agree to comply with these Official Rules. Sponsor is not liable in the event that any portion of the Sweepstakes is canceled due to weather, fire, strike, acts of war or terrorism, or any other condition beyond its control (a “Force Majeure Event”). All Entrants understand and agree that all rights under Section 1542 of the Civil Code of California (“Section 1542”) and any similar law of any state, territory, or country that may be applicable with respect to the foregoing release are hereby expressly and forever waived. All participating Entrants acknowledge that Section 1542 provides that: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, AND THAT IF KNOWN BY HIM OR HER WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.” The releases hereunder are intended to apply to all claims not known or suspected to exist with the intent of waiving the effect of laws requiring the intent to release future unknown claims.
ARBITRATION: This Sweepstakes shall be governed by and interpreted under the laws of the State of California, U.S.A. without regard to conflicts of law provisions. Entrants hereby agrees that any and all disputes, claims, causes of action, or controversies (“Claims”) arising out of or in connection with this Sweepstakes shall be resolved, upon the election by Entrant or Sponsor, by arbitration pursuant to this provision and the code of procedures of either the National Arbitration Forum (“NAF”) or the American Arbitration Association (“AAA”), as mutually agreed upon by both parties. IF ARBITRATION IS CHOSEN BY ANY PARTY WITH RESPECT TO A CLAIM, NEITHER PARTY WILL HAVE THE RIGHT TO LITIGATE THAT CLAIM IN COURT OR HAVE A JURY TRIAL ON THAT CLAIM. FURTHER, NEITHER SPONSOR NOR ENTRANT WILL HAVE THE RIGHT TO PARTICIPATE IN A REPRESENTATIVE CAPACITY ON BEHALF OF THE GENERAL PUBLIC OR OTHER PERSONS SIMILARLY SITUATED, OR AS A MEMBER OF ANY CLASS OF CLAIMANTS PERTAINING TO ANY CLAIM SUBJECT TO ARBITRATION. EXCEPT AS SET FORTH BELOW, THE ARBITRATOR’S DECISION WILL BE FINAL AND BINDING. NOTE THAT OTHER RIGHTS THAT ENTRANT WOULD HAVE IF ENTRANT WENT TO COURT ALSO MAY NOT BE AVAILABLE IN ARBITRATION. ANY CLAIMS, JUDGMENTS AND/OR AWARDS SHALL BE LIMITED TO ACTUAL OUT-OF-POCKET COSTS ASSOCIATED WITH ENTERING THIS SWEEPSTAKES. ENTRANT HEREBY WAIVES ANY RIGHTS OR CLAIMS TO ATTORNEY’S FEES, INDIRECT, SPECIAL, PUNITIVE, INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ENTRANT, WHETHER FORESEEABLE OR NOT AND WHETHER BASED ON NEGLIGENCE OR OTHERWISE. The arbitrator’s authority to resolve Claims is limited to Claims between Sponsor and Entrant alone, and the arbitrator’s authority to make awards is limited to awards to Sponsor and Entrant alone. Furthermore, claims brought by either party against the other may not be joined or consolidated in arbitration with Claims brought by or against any third party, unless agreed to in writing by all parties. No arbitration award or decision will have any preclusive effect as to issues or claims in any dispute with anyone who is not a named party to the arbitration.
LEGAL WARNING: ANY ATTEMPT BY AN INDIVIDUAL, WHETHER OR NOT AN ENTRANT, TO DELIBERATELY INTERFERE WITH THE OPERATION OF THE SWEEPSTAKES, IS A VIOLATION OF CRIMINAL & CIVIL LAWS AND SPONSOR RESERVES THE RIGHT TO SEEK DAMAGES AND DILIGENTLY PURSUE ALL REMEDIES AGAINST ANY SUCH INDIVIDUAL TO THE FULLEST EXTENT PERMITTED BY LAW.
SEVERABILITY: The invalidity or unenforceability of any provision of these Official Rules shall not affect the validity or enforceability of any other provision. In the event that any provision is determined to be invalid or otherwise unenforceable or illegal, these Official Rules shall otherwise remain in effect and shall be construed in accordance with their terms as if the invalid or illegal provision were not contained herein.
WINNERS LIST: For a list of winners (available after February 28, 2022) send a stamped, self-addressed envelope by February 28, 2022 to: SoFi Active Invest’s $250,000 Giveaway Winners List, c/o Ventura Associates LLC, 494 Eighth Avenue, Suite 1700 (Attn.: DE/Sofi), New York, NY 10001.
SPONSOR: Social Finance Inc., 234 1st Street, San Francisco CA 94105.
ADMINISTRATOR: Ventura Associates International LLC, 494 Eighth Avenue, Suite 1700, New York, NY 10001.
THIS SWEEPSTAKES IS NOT SPONSORED, ENDORSED, ADMINISTERED BY OR ASSOCIATED WITH ANY SOCIAL MEDIA PLATFORM, INCLUDING BUT NOT LIMITED TO: FACEBOOK, INSTAGRAM, OR TWITTER. BY PARTICIPATING IN THIS SWEEPSTAKES, ENTRANTS AGREE TO RELEASE ANY SOCIAL MEDIA PLATFORM FROM ALL CLAIMS AND LIABILITY RELATED TO THIS SWEEPSTAKES.