SoFi $425 Checking & Savings Bonus + 3.30% APY (Nationwide)

Earn more on your money with 3.30% APY and up to a $425 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.

Update 3/24/26: The offer has been extended through 3/30/26. You can earn $425 bonus plus a high rate of 3.30% APY, so sign up for a SoFi Checking & Savings account with direct deposit.

SoFi $425 Checking & Savings Bonus

• What you’ll get: Up to $425 bonus + 3.30% APY
• Account Type: SoFi Checking and Savings Account
• Availability: Nationwide
• Credit Inquiry: Soft Pull
• Credit Card Funding: None
• Direct Deposit Requirement: Yes
• Monthly Fee: No monthly fees
• Early Termination Fee: None Listed

(Visit SoFi to learn more)

SoFi Checking & Savings Bonus Requirements

• Open a SoFi Checking and Savings Account
• For a limited time, get $25 when you sign up for a SoFi Checking & Savings account and deposit at least $10.
• Set up eligible direct deposit of at least $1,000 to earn $50 or $400 and a 0.70% APY boost on savings. Terms apply.

SoFi Checking & Savings Features

• No account fees
• 2-day-early-paycheck
• No-fee Overdraft Coverage.
• Automatic saving features

Eligibility

• In order to qualify for the bonus, an Eligible Participant must have $1,000 or more in total qualified Direct Deposit transactions during the Evaluation 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 complete an update to 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.
• NOTE: Social Security benefits do qualify as Direct Deposits

Fine Print

• New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 12/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn 3.30% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.30% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 12/23/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.

About SoFi

Helping people reach financial independence to realize their ambitions is SoFi’s mission.

And to SoFi, financial independence doesn’t just mean having money and being rich, it means getting to a point where your money works for the life you want to live.

Everything SoFi does is geared toward helping their members get their money right.

They’re constantly innovating and building ways to give their members what they need to make that happen.

Are Online Banks Safe?

Yes, all SoFi Checking and Savings accounts are FDIC insured of up to $250,000 per member (joint accounts are insured up to $500,000).

Conclusion

This current bonus offer from SoFi is available to residents nationwide.

If this is something you’re interested in, make sure to apply today!

Find all the latest SoFi Bonuses here – if you’re interested in another bank, check out our full list of Bank Promotions for more options!

For more interest bearing accounts, see our list of the best bank rates here.

View FAQs here.