Sofi Money, Get $200 Signup Bonus with Direct Deposit
SoFi Money launched a great offer recently with a $125 signup bonus for making a $100 deposit. Additionally you can get another $75 for setting up direct deposit. The link showing the new increased signup bonus is no longer showing the offer, but it is still available until August 14. Since the offer no longer shows, there is some risk involved. I would suggest contacting SoFi first and get some kind of confirmation for the $125 offer before applying. As long as you have a screenshot saying that the offer is still available, you should be fine. Now check out the details of the offer below.
Offer
For a limited time get $200 when you open a an account and set up direct deposit.
- To get the $125 bonus, deposit $100 or more in the new account by the new SoFi Money member and maintain the $100 minimum balance for 90 days.
- Get an additional $75 for setting up direct deposit of $500+, or for depositing your stimulus check
Offer Terms
- To receive the bonus offer, participants must first apply and successfully open a SoFi Money cash management account.
- To receive the promotional balance, deposit(s) of $100 or more must be made in the new account by the new SoFi Money member; additionally, the $100 minimum balance needs to stay in the new member’s account for 90 days in order for the new member to qualify for a $125 bonus. Within 3 business days of such a deposit, qualifying participants will receive a $125 deposit into their SoFi Money account. This offer is limited to one per account.
- This is a limited time offer that will expire on 8/14/2020 at 5pm ET. SoFi reserves the right to expire the offer at any time.
- The deposit of $100 or more must be made into the new account prior to offer expiry.
- Participants must comply with the SoFi Money terms of use. Any fraudulent or returned funding will result in disqualification.
- 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. SoFi reserves the right to change or terminate the offer at any time or without notice.
Guru’s Wrap-up
This is a sweet deal and by far the best offer for signing up for a new SoFi Money account. You get $125 for just depositing $100, and another $75 for setting up a direct deposit for $500 or more, or depositing your stimulus check. The $75 offer is also available for existing customers. There is also another $50 bonus for SoFi Invest.
HT: Doctor of Credit
