Qualifying direct deposits must be an ACH deposit from an active SoFi Checking and Savings member's:
- Employer (including pension plans)
- Benefits provider
- Other government entities (like Social Security)
Non-qualifying direct deposits include ACH transfers from other institutions such as:
- Check deposits
- P2P transfers such as from PayPal or Venmo, etc...
- Merchant transactions such as from PayPal, Stripe, Square, etc...
- Bank ACH transfers not from employers
NOTE: There is no minimum direct deposit amount required.