Earn more on your money with up to 4.00% 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 9/17/26: The offer has been extended through 12/31/26. You can also get a 6-month boost of 0.90% for up to 4.00% APY! You can earn $425 bonus plus a competitive rate, 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 + Up to 4.00% 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 0.90% APY boost on savings. Terms apply.
| Total Qualifying Direct Deposit Amount | Cash Bonus |
| $1.00 – $999.99 | $0 |
| $1,000.00 – $4,999.99 | $50 |
| $5,000 or more | $400 |
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
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).
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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.
