Generated by a model from the captured document; not read by a person
LowNeutral for users
Affected users
Referral program participantsSofi plus subscribersSofi checking and savings account holders
SoFi shortened its referral promotion period from December 31, 2026 to August 4, 2026, and modified eligibility requirements to specify that account opening and deposits must occur by the end of the promotion period and within 21 days of opening the referral link and registering as a user. Additionally, SoFi added automatic Overdraft Protection linking for SoFi Plus subscribers, which connects individual and joint Checking Accounts to their corresponding Savings Accounts at no fee, with the ability to disable the feature at any time.
Stay ahead of the changes
Track SoFi and hear on the next check after its terms change. We check daily where we can, and show you where we can't.
Generated by a model from the captured document; not read by a person
The updated terms shorten the referral promotion window from December 31, 2026 to August 4, 2026, requiring participants to complete all eligibility activities within a compressed timeframe. For SoFi Plus subscribers, the revised terms establish automatic Overdraft Protection linking individual and joint Checking Accounts to their corresponding Savings Accounts, enabling transfers at no fee to cover overdrafts. You can disable Overdraft Protection at any time through the SoFi app or website, and funds applied to overdraft protection are limited to Savings Account deposits not allocated to a Vault.
What you can do
→ If participating in the referral program, complete all eligibility requirements by August 4, 2026.
→ If enrolling in SoFi Plus with existing Checking and Savings Accounts, review Overdraft Protection settings in the SoFi app or website and disable if not desired.
Key Clauses Affected
Generated by a model from the captured document; not read by a person
Promotion Period
Shortened from December 31, 2026 to August 4, 2026, compressing the eligibility window by approximately 5 months.
Overdraft Protection for SoFi Plus
Automatically enabled upon SoFi Plus enrollment, linking Checking and Savings Accounts with no fee; users can disable at any time.
Eligible Recipient Requirements
Clarified that account opening and deposit settlement must occur by the end of the promotion period and within 21 days of opening the referral link and registering as a user.
Full clause-by-clause analysis available with Insight.
ⓘ
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
Wording edits to this record that do not change what it claims. Changes to a claim are published as corrections.
2026-10-11 · Feed summary edited · summary regenerated by summarize_events
Previous text Shortened referral promotion deadline to August 4, 2026 and tightened account opening and deposit settlement timing requirements; added automatic Overdraft Protection linking for SoFi Plus members wit
2026-10-11 · Impact summary edited · summary regenerated by summarize_events
Previous text The updated terms accelerate the referral promotion deadline to August 4, 2026, and impose tighter timing requirements on eligible recipients: accounts must open before the promotion ends, and deposits must settle within 21 days of both opening the link and registering or logging in as a SoFi user. This creates a more compressed eligibility window than the previous 21-day window measured from clicking the link alone. For SoFi Plus members, the updated terms now state that SoFi will automatically enable Overdraft Protection linking individual checking accounts to individual savings accounts (and joint accounts to joint accounts), allowing available savings to cover checking overdrafts without fees. You can disable Overdraft Protection at any time through the SoFi app or website, and funds applied to overdraft protection are limited to savings deposits not allocated to a Vault.
2026-10-11 · Summary edited · summary regenerated by summarize_events
Previous text SoFi modified its referral promotion terms, shortening the promotion period from December 31, 2026 to August 4, 2026, and tightening eligibility requirements. Account opening must now occur before the end of the promotion period, and deposits must settle within 21 days from opening the referral link and registering or logging in as a SoFi user, rather than just from clicking the link. Additionally, SoFi Plus enrollment timing was adjusted to reference the same opening and registration event. The SoFi Plus benefits section also gained new language describing automatic enabling of Overdraft Protection linking checking and savings accounts when customers join SoFi Plus, with fee-free transfers and the ability to disable the feature at any time.
2026-10-07 · Change line edited · change line rewritten to the 2026-10-07 template: no detection date, no sentence counts
Previous text SoFi updated their SoFi Terms of Service on August 01, 2026. Change detected: 6 sentence(s) added, 6 sentence(s) modified. Document contained 1011 sentences after update.
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
For legal and compliance teams
Institutional Analysis
Generated by a model from the captured document; not read by a person
Assessment
SoFi modified its referral promotion terms to compress the eligibility window and clarified timing requirements for account opening and deposit settlement. The company also added automatic Overdraft Protection enrollment for SoFi Plus members, with opt-out …
🔒Full institutional analysis
Regulatory exposure, obligation change, escalation trigger, board-ready language, and recommended action for legal and compliance teams.
ConductAtlas provides verified policy intelligence sourced directly from platform documents. All analysis is intended to support, not replace, legal and compliance review. Record CA-X-004097.
SoFi restructured its Invest Referral Program, removing the time-limited promotion framework and replacing it with an ongoing referral program. The …
Get the weekly coverage letter
Companies change their terms without announcing it. We capture governance documents, compare each new version with the last, and publish what changed, with the source text behind it. One email a week on what we found and what we could not reach.
Stay ahead of the changes
Track SoFi policy changes
Get alerted when this policy changes again, including what changed and why it matters.