Earn more on your money with 1.25% APY and up to a $300 bonus when you direct deposit into a SoFi Checking and Savings account. Plus, pay no account or overdraft fees, get 2-day-early-paycheck, and more.
Table of Contents
SoFi Checking & Savings $100 Direct Deposit Bonus Summary
- Availability: Nationwide
- Credit Inquiry: Soft Pull
- Credit Funding: None
- Direct Deposit Requirement: Yes, $1,000+
- Monthly Service Fee: None
- Early Termination Fees: None listed
The information for the SoFi Checking & Savings account has been collected independently by BankDealGuy. The product details on this page have not been reviewed or provided by the bank.
(Learn more at SoFi)
SoFi Checking & Savings Account Summary
- Earn up to 1.25% APY
- Say goodbye to bank fees: The average American paid $53.79 in bank fees in 2020. We don’t believe in fees, so with SoFi there’s no overdraft fees, no minimum balance fees, and no monthly fees. Plus, 55,000+ fee-free ATMs with Allpoint.
- FDIC insured: Breathe easy knowing your funds are insured up to $250K. (Joint accounts receive $500K in total insurance.)
- 2-day Early Paycheck: Feel the magic of pay day up to two days early – automatically – when you set up direct deposit.
- Cash back, close to home: Get up to 15% cash back at local establishments when you pay with your SoFi debit card.
- Automatic savings features: Organize your money, set savings goals, and save your spare change with Vaults and Roundups.
- No fee Overdraft Coverage: Overspent by accident? No problem. You’ll be covered up to $50 with no fees with qualifying direct deposits.
How to Earn the Bonus
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.
|Total Qualifying Direct Deposit Amount||Cash Bonus|
|$1,000 – $1,999||$50|
|$5,000 or more||$300|
Avoid Monthly Fees
SoFi Checking & Savings charges you no account fees including no account minimum fees, no overdraft fees, and no ATM fees.
If you’re interested for an alternative to a traditional bank, SoFi Checking & Savings is a good option for those who are wanting great spending tools features as well as saving money on account fees. Find more SoFi promotions here and our fill list of other bank bonuses.