SoFi restructured its Invest Referral Program into a limited-time promotional offer running July 14, 2026 through September 30, 2026. The updated terms narrow referral eligibility by imposing a new asset or direct deposit requirement on referrers, restructure bonus amounts to vary based on referrer eligibility status ($75 or $50 instead of a single bonus), and explicitly restrict referral bonuses to new Self-Directed Accounts only, excluding Automated Invest and IRA accounts. The program also adds new definitions and verification procedures for eligible direct deposits and extends detailed promotional mechanics.
Consumers (referrers): To earn the full referral bonus, you must have accounts funded with at least $100 or receive regular paychecks or benefits directly deposited into a SoFi checking account.
Consumers (referrers): You can only earn referral bonuses when the referred person opens a Self-Directed Account, not if they open an Automated Invest or IRA account.
The updated terms establish a time-limited referral promotion running through September 30, 2026, with new eligibility criteria for referrers. To qualify for the higher $75 bonus, referrers must maintain either $100 in combined Invest assets or an eligible direct deposit at the time the referred recipient enrolls. Referrers who do not meet these criteria will receive a lower $50 bonus. The terms also restrict bonuses to new Self-Directed Account openings only, excluding Automated Invest and IRA accounts from referral rewards. Referrals must be completed within the promotion period or they become ineligible. You should verify your account meets the stated asset or direct deposit requirements if you intend to participate in the referral program before the September 30 deadline.
→ Verify your current account balance meets the $100 asset requirement or confirm you have an eligible direct deposit setup before referring anyone to maximize your bonus.
→ Note the September 30, 2026 deadline and ensure all referrals are completed and enrolled by that date to qualify for bonuses.
ConductAtlas has recorded 7 material changes to this document over 56 days of monitoring (since May 2026). An additional minor or cosmetic changes were excluded.
Across all monitored documents, SoFi has made 12 significant changes.
7 of SoFi's significant changes have been classified as negative for consumers.
Referral bonuses now limited to enrollments between July 14 and September 30, 2026; referrals outside this window become ineligible.
Referrers must maintain $100+ in combined assets or an eligible direct deposit to earn the higher $75 bonus; absence of these triggers a $50 bonus instead.
Referral bonuses explicitly excluded for Automated Invest and IRA accounts; only Self-Directed Accounts qualify.
This change record describes what was added, removed, or modified in the document. Analysis reflects what the updated agreement states or permits. It does not constitute a legal determination about enforceability. Applicability may vary by jurisdiction. Methodology
This change narrows the scope of SoFi's investment referral incentive program by imposing new qualification thresholds and time-limiting the offer. The updated terms establish differential bonus structures based on referrer eligibility status and exclude certain …
Regulatory exposure, obligation change, escalation trigger, board-ready language, and recommended action for legal and compliance teams.
Unlock the full institutional analysis — InsightConductAtlas provides verified policy intelligence sourced directly from platform documents. All analysis is intended to support, not replace, legal and compliance review. Record CA-C-003672.
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