$300 Direct Deposit Welcome Offer

Timeframe:

• 12/7/2023 - 1/31/2026

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 25-day Direct Deposit Bonus Period worth of month's Direct Deposits.
• For example, a member that sets up a new Direct Deposit of $1,000 and receives two Direct Deposits during a 25-day period (the Direct Deposit Bonus Period) would have a total of $2,000 when calculating their bonus payment.
• The 25-day Direct Deposit Bonus Period begins on the day your first Direct Deposit payment posts to your account. It can take 2-4 weeks after setting up your Direct Deposit to see your first payment.
• See table below.
  

  Direct Deposit Bonus Period Total	Welcome Bonus Payout
  $1,000.00 - $4,999.99	$50
  $5,000.00 or more	$300

  Note: New Direct Deposits that have a first 25-day Direct Deposit Bonus Period total of less than $1,000 are not eligible for a bonus.

Payout:

• SoFi will credit members who meet the Eligibility criteria stated below with a one-time cash bonus deposited into their SoFi Checking and Savings account within 7 days after the end of the Direct Deposit Bonus Period.

Direct Deposit Bonus Period:

• The bonus amount will vary based on the total amount of eligible Direct Deposits received during a 25-day period (the “Direct Deposit Bonus Period”).
• Once the Direct Deposit Bonus Period has elapsed, we will determine if you have met the offer requirements and will deposit any earned bonus into your checking account within 7 days.
• A member may only qualify for one bonus tier and will not be eligible for future bonus payments if inflows subsequently increase beyond the Direct Deposit Bonus Period.
  
  

  Total Direct Deposit Amount in Direct Deposit Bonus Period	Cash Bonus Tier
  $1.00 - $999.99	$0
  $1,000.00 - $4,999.99	$50
  $5,000.00 or more	$300

Eligibility:

• In order to qualify for the bonus, an Eligible Participant must have $1,000 or more in total eligible Direct Deposit transactions during the Direct Deposit Bonus Period.
• All new members who open a SoFi Checking and Savings account during the Promotion Period (as defined above) and all existing SoFi Checking and Savings customers who have not previously set up Direct Deposit transactions into their SoFi Checking and Savings account as of the beginning of the Promotion Period are eligible for the Program.
• SoFi Money members that upgraded to a Checking and Savings account, but have had a prior Direct Deposit are also not eligible for this promotion.
• SoFi Money members who previously received a bonus for enrolling in Direct Deposit do not qualify for this promotion.

Terms & Conditions:

• Eligible Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (ACH) Network.
• Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g. IRS tax refunds), do not constitute Direct Deposit activity and do not qualify for this promotion.
• SoFi Bank shall, in its sole discretion, assess each account holder’s Direct Deposit activity to determine eligibility and may require additional documentation to complete this verification.
• 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.

Tax Consequences:

• Bonuses are considered income and may be reportable on IRS Form 1099-INT or Form 1042-S as applicable.
• Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer.
• Consult a tax advisor to determine applicable tax consequences.