CA-C-003945
SoFi Terms of Service
Entity
Date detected
July 24, 2026
Effective date
July 24, 2026
Severity
Low
Direction
Positive
Affected users
all users referral program participants cryptocurrency account holders
Taxonomy
Commission rate change
Changes
3 sentences modified
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Event Summary

SoFi increased referral rewards for its Credit Score Monitoring program in an update detected on July 24, 2026. Referrers now receive 1,500 rewards points (equivalent to $15) instead of 1,000 points ($10) when someone they refer successfully activates the service within 60 days. The company also added language describing '1% Match Promotion' withdrawal and fee calculations for cryptocurrency holdings in the same update.

LOW

Consumer Impact

The updated terms increase the referral reward for Credit Score Monitoring from 1,000 points ($10) to 1,500 points ($15) per successful referral within 60 days of clicking a unique referral link. The terms also add specific language describing withdrawal and fee calculations for the 1% crypto match promotion, clarifying how fees are calculated when users withdraw cryptocurrency holdings.

Governance Analysis

The updated terms increase the financial incentive for users referring others to SoFi's Credit Score Monitoring service, making the referral program more attractive. The added crypto match withdrawal language clarifies fee mechanics that may affect how users evaluate the economics of crypto holdings on the platform.

Available Actions

If you participate in SoFi's referral program, the increased reward from $10 to $15 applies to all new qualifying referrals effective immediately.

Key Clauses Affected

Credit Score Monitoring Referral Reward

Increased from $10 (1,000 points) to $15 (1,500 points) per successful referral.

Crypto Match Promotion Disclosure

Added language describing withdrawal and fee calculations for 1% match on cryptocurrency holdings.

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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

Evidence Verification

✓ Verified
Previous Version
b9471ed83bba058082552096b1a9213c9efa3c73e5c13812b27b96ca8a082a45
July 22, 2026 00:25 UTC
✓ Verified
Current Version
a7622d5d509549bd6f11f69ebd40c4a32ea7e1039d4e9126ac1beaa40ccf43de
July 24, 2026 00:25 UTC
✓ Verified
Change Detected
July 24, 2026 00:25 UTC
Analysis Methodology
✓ Verified
Source Document
https://www.sofi.com/terms-of-use/
Citation Record
Entity: SoFi
Document: SoFi Terms of Service
Record ID: CA-C-003945
Captured: 2026-07-24 00:25:52 UTC
URL: https://conductatlas.com/change/2026-07-24-sofi-sofi-terms-of-service-3945/
Accessed: July 24, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
For legal and compliance teams

Institutional Analysis

Assessment

This change modifies SoFi's referral incentive structure and adds disclosure language for cryptocurrency fee calculations. No new compliance obligations are created. The increase to referral rewards is a commercial adjustment with no regulatory exposure. The added language on crypto match withdrawal calculations appears to be a clarification of existing promotional mechanics rather than a material policy shift. No action is required unless internal systems tracking referral payouts need to be updated to reflect the new 1,500-point threshold.

Full institutional analysis
Regulatory exposure, obligation analysis, escalation trigger, board language, and recommended action.
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ConductAtlas provides verified policy intelligence sourced directly from platform documents. All analysis is intended to support, not replace, legal and compliance review. Record CA-C-003945.

Full Changes

View complete diff →

Document Context

Version history → Policy drift analysis → Document page →
Document
SoFi Terms of Service
Entity
SoFi
Captured
July 24, 2026
Source URL
https://www.sofi.com/terms-of-use/
Other changes to SoFi Terms of Service
Previous change Jul 22, 2026
SoFi removed a section titled '1% Match Promotion: Example Withdrawal and Fee Calculations' from its cryptocurrency risk disclosure. The updated …
Low Neutral
View full version history →
More from SoFi
Jul 24, 2026 Low
SoFi Terms of Service (Superseded URL)

SoFi increased the rewards offered through its Credit Score Monitoring Referral Program. Referrers now receive 1,500 rewards points (equivalent to …

Jul 22, 2026 Low
SoFi Terms of Service (Superseded URL)

SoFi removed the phrase '1% Match Promotion: Example Withdrawal and Fee Calculations' from its cryptocurrency risk disclosure. The updated terms …

Jul 22, 2026 Low
SoFi Terms of Service

SoFi removed a section titled '1% Match Promotion: Example Withdrawal and Fee Calculations' from its cryptocurrency risk disclosure. The updated …

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