SoFi Money, $75 Signup Bonus With Two $500 Direct Deposits
SoFi Money is an online cash management account offered by SoFi. It is probably one of the best banking accounts out there for frequent travelers, as it gives you 1.60% APY (Update 3/4/2020: rate lowered to 1.10%) and a debit card with no ATM fees or foreign transaction fees. Plus the signup bonus has now been increased to $75 after you create an account in the app and make two direct deposits of $500 or more. It takes about two minutes to complete. You can read more about the account here. It’s one of the best options for international travelers.
Related: SoFi Money Debit Card Now Gets You 20% Off Netflix
Offer
Get a $75 welcome bonus when you sign up for SoFi Money® and make two direct deposits of at least $500 each-plus, you can earn 1.60% APY on all your cash and spend on a debit card, with no account fees. You can also refer friends and family to earn $25 for every person that signs up, and they will earn $75 as well. In two player mode, can be a total bonus of $175. And $100 more for every other person after that. Here’s how it works.
- Sign up for Sofi Money and make two $500 direct deposits to get $75 Signup Bonus
- Generate referral link in app.
- Player 2 signs up and makes two $500 direct deposits to get a $75 Signup Bonus plus $25 Referral Bonus for you
- Repeat step three for additional $75 Signup Bonus plus $25 Referral Bonus
Referral bonuses and signup bonuses usually post within 3-4 days. If you have any issues with bonuses, or anything else SoFi has a very helpful Live Chat feature during business hours. If the cumulative welcome or referral bonuses paid to an individual in one calendar year exceed $599 USD, you may be required to fill out a Form W-9 prior to fund disbursement.
Plus get $100 worth of your favorite stock to start building your portfolio when you fund your SoFi Invest account with at least $5,000. The bonus comes in the form of a fractional stock.
Guru’s Wrap-up
A good opportunity for a $75 bonus. Previously this bonus was lowered to $25, but it has been as high as $100 in the past. A two direct deposits are required for the bonus.
This is a one of the best accounts to have if you travel abroad often, or even for those who have frequent ATM withdrawals. Those fees are reimbursed quickly, and you earn a 1.60% APY on your balance. There’s no monthly fees to worry about. Oh, and you also get a cool looking SoFi debit card than can save you 20% on your Netflix subscription.
If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
