Open a SoFi Checking and Savings account, set up direct deposit, and SoFi pays you $50 or $400 depending on how much lands in the account.
What you get
- $50 cash if your direct deposits total $1,000–$4,999.99 in the 25-day evaluation window
- $400 cash if your direct deposits total $5,000 or more in that same window
- Bonus lands in your SoFi Checking account within 7 business days of the window closing
- No monthly fees, no minimum balance, plus a temporary APY boost on Savings for members with qualifying deposits
Who qualifies
New members, or existing SoFi Checking and Savings members who have never set up direct deposit with SoFi. One bonus per member, and only one tier pays out per person.
How to claim
- Open a SoFi Checking and Savings account through the offer page.
- Set up direct deposit — payroll, government benefits, and select fintech ACH pushes qualify; P2P transfers and external bank pulls don't.
- SoFi starts a 25-day evaluation window from your first eligible direct deposit and totals everything received in that window to set your bonus tier.
The catch
Direct deposit has to actually be flagged as direct deposit by your payer — a manual transfer from another bank doesn't count. The promo runs through 12/31/2026 and SoFi can change or end it without notice, so the terms on their offer page are what matter, not this page.