SoFi restructured its Invest Referral Program from an open-ended referral model to a limited-time promotional offer running July 14 through September 30, 2026. The updated terms establish specific eligibility criteria including a $100 asset minimum or Eligible Direct Deposit requirement for referrers, a fixed $75 or $50 cash bonus structure (plus $25 stock bonus for new accounts), and a requirement that all referrals complete within the promotion period. The previous version had no explicit time window or asset threshold, making the new terms more restrictive in eligibility and bonus structure.
The updated Invest Referral Program is now a time-limited promotion running through September 30, 2026, rather than an ongoing program. SoFi has introduced new eligibility requirements: referrers must maintain at least $100 in combined assets across eligible SoFi Invest accounts at the time a referred person enrolls, or alternatively establish an Eligible Direct Deposit with a SoFi Checking account. Bonus amounts have been restructured to $75 (if eligible referrer meets asset/deposit requirements at time of referral), $50 (if referrer does not meet requirements), and $25 stock bonus for new accounts. Referrals that are not completed within the promotion period are not eligible for bonuses. If you are an active SoFi Invest referrer relying on this program, you should review your account balance and direct deposit status before September 30, 2026, to ensure you meet the new eligibility criteria.
The updated terms establish a time-limited referral program with new eligibility thresholds that may disqualify some current referrers and reduce bonus amounts, affecting the financial incentive for customer acquisition through referrals. The September 30, 2026 deadline creates an enforcement date that may affect pending or in-progress referrals and requires SoFi to verify asset and deposit status at the time of referral enrollment rather than at program signup.
→ Review your SoFi account balance to confirm you have at least $100 in combined assets across eligible Invest accounts, or verify you have Eligible Direct Deposit established with a SoFi Checking account
→ If you are actively using your referral link, ensure any referrals are completed (enrollment and funding) by September 30, 2026
→ Contact SoFi at 855-456-7634 if you believe you have satisfied Eligible Direct Deposit requirements but did not receive the correct $75 bonus
→ Referrals initiated after September 30, 2026 will not be eligible for any referral or welcome bonus under the promotional terms.
→ If your SoFi Invest account balance falls below $100 and you do not have Eligible Direct Deposit established, any new referrals will earn only a $50 bonus instead of the $75 tier.
→ Referred individuals must complete account opening and $25 minimum deposit within 90 days of enrolling through your referral link, or neither party will receive bonuses.
This is the 2nd significant Payout Terms Change change SoFi has made since ConductAtlas began monitoring.
Across all monitored documents, SoFi has made 25 significant changes.
17 of SoFi's significant changes have been classified as negative for consumers.
Referral program now runs July 14 - Sept 30, 2026 only; no bonuses for referrals completed outside this window.
Referrers must have $100 in combined eligible SoFi Invest accounts or Eligible Direct Deposit at enrollment time to qualify for $75 bonus tier.
Referrer bonuses reduced to $75/$50 (depending on asset/deposit status) plus $25 stock bonus for new accounts; previous bonus amounts not stated in available text.
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
You now need to either keep $100 in SoFi Invest accounts or set up direct deposit to get the full referral bonus.
Referrals made after September 30, 2026 will not earn any bonus.
The program is no longer permanent; it ends Sept 30, 2026, and eligibility rules are now stricter.
SoFi's Invest Referral Program restructuring changes the program from a standing offer to a limited-time promotional campaign (July 14 - September 30, 2026) with newly defined eligibility thresholds and bonus structures. The program now explicitly ties referrer bonuses to the presence of $100 in combined Invest assets or an Eligible Direct Deposit at time of referral enrollment, creating specific verification and documentation requirements for SoFi to assess and confirm eligibility. The limitation to a defined promotional period and the introduction of asset/deposit verification requirements may affect SoFi's fraud prevention and customer verification procedures, as well as customer communication strategies around the program end date. The change also narrows the audience eligible to earn bonuses, potentially reducing program participation and associated customer acquisition costs.
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Analyst $49/moConductAtlas provides verified policy intelligence sourced directly from platform documents. All analysis is intended to support, not replace, legal and compliance review. Record CA-C-003673.
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