Earn 3.80% APY and up to $325 in bonuses when you direct deposit into a SoFi Checking and Savings Account. In addition, there are no account or overdraft fees, a 2-day early paycheck, and other benefits.
Update 6/23/25: Offer has been extended through 1/31/26. My favorite everyday banking account to keep. You earn $325 bonus along with 3.80% APY, so sign up for a SoFi Checking & Savings account with $5K+ direct deposit.
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 to qualify for the bonus.
SoFi Checking & Savings $325 Direct Deposit Bonus Summary
- What you’ll get: $325 Bonus + 3.80% APY
- Account Type: SoFi Checking & Savings
- Availability: Nationwide, Online
- Direct Deposit Requirement: Yes, $1000+
- Credit Inquiry: Soft Pull
- Credit Card Funding: None
- Monthly Fee: None
- Early Account Termination Fee: None listed
- Household Limit: None
(Visit SoFi to learn more)
How to Earn the Bonus
You will earn $25 when you sign up for a SoFi Checking & Savings account and deposit at least $10.
SoFi Checking & Savings charges no account fees and offers unlimited reimbursement for ATM fees each month, free P2P payments, free bill pays and much more.
Next, set up direct deposits to earn to the 3.80% APY rate.
In order to be eligible for a bonus, SoFi must receive at least one Qualifying Direct Deposit from an Eligible Participant during the Promotion Period.
Qualifying Direct Deposits are defined as deposits from enrolled member’s employer, payroll, or benefits provider via ACH deposit.
| Total Qualifying Direct Deposit Amount | Cash Bonus |
| $1,000.00 – $4,999.99 | $50 |
| $5,000 or more | $300 |
SoFi Checking & Savings Account Summary
- No overdraft, minimum balance or monthly fees. Plus, 55,000+ fee-free ATMs within the Allpoint® Network
- 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.
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Author’s Verdict
Overall, if you’re looking for an alternative to a traditional bank, SoFi Checking & Savings is an excellent choice for individuals who want outstanding spending tools features while also saving money on account fees.
Be sure to bookmark this page to stay updated on the latest SoFi promotions and check out our fill list of other bank bonuses.
I only see the $250 bonus with initial deposit ok $5K. How do we get the additional $25?
Thanks
Are there other free money offers like this ?
Is there ANY negatives from doing this? Aside from the soft credit pull?
No, no negatives. The bonus comes pretty quickly (1-2 days) after $100 deposit is made.
I contacted customer service. There is a soft credit pull.