Timeframe:
- 4/5/2022 - 7/31/2022
Offer Details:
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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.
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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.
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See table below.
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Payout:
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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:
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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.
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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.
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NOTE: Social Security benefits do qualify as Direct Deposits
Terms & Conditions:
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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.
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Qualifying Direct Deposits must be made from the enrolled member’s employer, payroll, or benefits provider via ACH deposit.
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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.
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This offer cannot be combined with the SoFi Checking and Savings / SoFi Money rate discount on a SoFi loan.
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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.
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SoFi also reserves the right to stop or make changes to the Program at any time.