$300 Direct Deposit Welcome Offer – SoFi

Timeframe:

Offer Details:

Members will receive a tiered direct deposit welcome bonus paid directly to their SoFi Checking & Savings account based on the amount of the total of their first month's direct deposits.
- For example, a member that sets up a new direct deposit of $1,000 and receives two direct deposits in the first month would have a first month total of $2,000 when calculating their bonus payment.
- See table below.
  
  NOTE: New direct deposits that have a first month total of less than $1,000 are not eligible for a bonus.

Payout:

SoFi will credit members who meet the qualification criteria (Eligibility) stated below with a one-time cash bonus deposited into their SoFi Checking and Savings account within two weeks of their first month's total direct deposits.

Eligibility:

All new members who join SoFi Checking and Savings 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 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.
NOTE: Social Security benefits do qualify as Direct Deposits

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 / SoFi Money 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.