SoFi Invest, Get 1% Bonus on Recurring Investments
SoFi Invest has a new targeted bonus for recurring investments. Looks like this is a targeted offer, so you should have received an email about it or you can check your SoFi Invest account. If you don’t have an account, you can also earn a $50 signup bonus.
Earn 1% on total net recurring purchases (total recurring purchase amount less sales) whenever you make three recurring purchases (pulled from your bank account) of the same security during the incentive period. The max bonus payout per user is $1,000.
This offer period is between now and 9/30/20. All bonuses will be paid within 10 business days of the conclusion of the offer period. Recurring purchases must be continually active from purchase to end of offer period (9/30/2020).
- The offer period is between now and 9/30/2020.
- Recurring purchases pull from your bank account, not your SoFi Invest account balance.
- The max bonus payout per user is $1,000. All bonuses will be paid within 5 business days of the conclusion of the offer period.
- Bonus amounts of $600 or greater in a single calendar year may be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received by applicable law. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer, consult your tax advisor to determine applicable tax consequences.
A good offer that will earn you a 1% return for your recurring investments. But the offer is targeted, so check your emails and accounts to see if you have it. However keep in mind that if the money is already in your SoFi Invest account, it cannot be used for recurring investments for this offer. Money will be pulled from your external bank account.
If you don’t have a SoFi Invest account, you can get a $50 signup bonus when you deposit $1,000. However it is not guaranteed that you will see this investing offer in your account after you sign up.
More Free Stocks and Cash
You can also check out these other investing apps to earn free stocks and cash to invest:
- Moomoo – 2 Free Stocks with $100 Deposit
- WeBull – 2 Free Stocks
- Robinhood – $5 Signup Bonus
- Firstrade – 1 Free Stock
- M1 Finance – $10 Bonus plus $1,000+ with 10 referrals
- Nvstr – $10 Signup Bonus
- Public – $10 in Stocks
- TradeUP – 2 Free Stocks + $50
- Stash – $25 Signup bonus + $50 with Direct Deposit
- Acorns – $5 Bonus plus $200+ with 4 Referrals