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July 13, 2026 00:23 UTC
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July 14, 2026 00:24 UTC
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Change Summary
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.
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367Invest Referral Program The terms below and those set forth in the Official Rules govern your participation in the SoFi Invest Referral Program (the “Invest Referral Program” ).367Invest Referral Program This Limited-Time Offer (the “Promotional Offer”) is available to eligible existing SoFi Invest account holders.
368The Invest Referral Program is open to all current SoFi Invest account holders who meet the criteria below, and wish to refer someone to open a SoFi Invest Self-directed Invest Account offered by SoFi Securities LLC.368Promotion Period: The Promotional Offer is available from July 14, 2026 at 12:00 AM E.T. through September 30, 2026 at 11:59 PM E.T. (the “Promotion Period”).
369A referrer must have a SoFi Invest Self-directed Invest Account offered by SoFi Securities LLC or an Automated Invest account offered by SoFi Wealth LLC which is funded and in good standing (i.e., not suspended) (an “Eligible Invest Referrer(s)” ).369Referrals that are not completed within the Promotion Period are not eligible for the Invest Referral Bonus.
370Employees of Social Finance, LLC and its affiliates are not eligible to receive Invest Referral Bonuses under the Invest Referral Program.370The SoFi Invest Referral Program – Limited-Time Offer (the “Invest Referral LTO”) allows eligible members to refer others to open a new SoFi Invest Self-Directed Account offered by SoFi Securities LLC.
371The Eligible Invest Referrers are encouraged to refer friends, colleagues, family members, and anyone else they believe may be interested in opening a SoFi Invest Self-directed Invest account (the “ Eligible Invest Recipient(s) ”).371To qualify as an Eligible Invest Referrer, you must: (1) have a Self-Directed Invest Account offered by SoFi Securities LLC or an Automated Invest account offered by SoFi Wealth LLC that is funded; and (2) when the Eligible Invest Recipient enrolls in the Promotional Offer, you must: have at least $100 in combined assets across your eligible SoFi Invest accounts (including all active SoFi Self-Directed Invest Accounts, SoFi Automated Invest Accounts and SoFi Invest Self-Directed IRA Accounts); or have an Eligible Direct Deposit established with a SoFi Checking and Savings account (as defined below).
372The Eligible Invest Referrers will NOT receive an Invest Referral Bonus for referrals to open a SoFi Invest Automated Account or a SoFi Invest Self-directed IRA Account.372For existing SoFi members, enrollment occurs when they log in through your unique referral link.
373SoFi Securities LLC, or its designee (collectively, “ SoFi Securities ”) reserve the right to disqualify anyone from participation in the Invest Referral Program at any time.373For new SoFi members, enrollment occurs when they open a new SoFi Invest Self-Directed Account through your unique referral link.
374Under the Invest Referral Program, an Eligible Invest Referrer must access their own unique referral link and send it to the Eligible Invest Recipient(s) whom they wish to refer to open a new SoFi Invest Self-directed Invest Account.374Employees of Social Finance, LLC and its affiliates are not eligible to receive referral bonuses under the SoFi Invest Referral Program.
375To receive the bonus, eligible Invest Recipient must 1) open a new SoFi Invest Self-directed Invest Account within 90 days of clicking on the Eligible Invest Referrer’s unique referral link, 2) fund with a minimum deposit of $25.00 within 90 days of clicking on the Eligible Invest Referrer’s unique referral link, and 3) meet any additional terms and conditions that may apply to a specific promotional campaign associated with the unique referral link that was used for the referral.375Eligible Invest Referrers are encouraged to refer friends, colleagues, family members, and anyone else they believe may be interested in opening a SoFi Invest Self-Directed Account (the “Eligible Invest Recipient”).
376For each Eligible Invest Recipient who opens and funds a New SoFi Invest Self-directed Account within 90 days after clicking the Eligible Invest Referrer’s unique referral link, and meets the terms and conditions of the specific promotional campaign associated with the unique referral link that was used for the referral, SoFi Securities will: (a) credit an Invest account of the Eligible Invest Referrer with a referral bonus and (b) credit the New SoFi Invest Self-directed Account of the Eligible Invest Recipient, with a one-time welcome bonus (the “ Invest Welcome Bonus ”).376Eligible Invest Referrers will not receive a referral bonus unless the referred individual opens a new SoFi Invest Self-Directed Account during the Promotion Period.
377Only one Invest Referral Bonus and one Invest Welcome Bonus will be awarded for each referred Eligible Invest Recipient, regardless of whether the Eligible Invest Recipient opens and funds multiple accounts.377Referral bonuses are not available for referrals to open a SoFi Automated Invest Account or a SoFi Invest Self-Directed IRA Account.
378An Eligible Invest Referrer will not earn an Invest Referral Bonus if the Eligible Invest Recipient has or had a funded SoFi Invest account or does not use the unique referral link provided by the Eligible Invest Referrer.378SoFi Securities LLC, or its designee (collectively, “SoFi Securities”), reserves the right to disqualify anyone from participation in the Invest Referral Program at any time.
379Please note that if the Eligible Invest Recipient already has an Invest account, is on our opt-out list or on the national email opt-out list, or has already used another Eligible Invest Referrer’s unique referral link, SoFi Securities will not send an email to such Eligible Invest Recipient.379Under the Invest Referral Program, Eligible Invest Referrers must share their unique referral link with an Eligible Invest Recipient they wish to refer.
380We cannot disclose to you any information about New SoFi Invest Self-directed Accounts opened by any Eligible Invest Recipients you refer to us.380To earn bonuses, the Eligible Invest Recipient must: (1) open a new SoFi Invest Self-Directed Account using the Eligible Invest Referrer’s unique referral link; (2) fund the new account with a minimum deposit of $25.00; and (3) complete both steps (1) and (2) within 90 calendar days after enrolling in the Promotional Offer and meet any additional terms and conditions that may apply to this Promotional Offer.
381Bank Referral Program The following terms and conditions govern your participation in the SoFi Bank Referral Program ( “Bank Referral Program” ) during the Promotion Period (as defined below).381If you are an existing SoFi member, you enroll in the Promotional Offer when you log in through the Eligible Invest Referrer’s unique referral link.
382Promotion Period: July 30, 2025 at 12:00 a.m. E.T. – December 31, 2026 at 11:59 p.m. E.T. Terms and Conditions: To receive the referral bonus, a referrer (an “Eligible Referrer(s) ) must complete the following required activities: (i) share their unique referral link during the Promotion Period; and (ii) have an existing SoFi Checking and Savings account at the time the referred member (an “Eligible Recipient(s) ) opens their SoFi Checking and Savings account.382If you are a new SoFi member, you enroll in the Promotional Offer when you open a new SoFi Invest Self-Directed Account through the Eligible Invest Referrer’s unique referral link.
383To receive the referral bonus, an Eligible Recipient must complete the following required activities: (i) apply and successfully open a SoFi Checking and Savings account and (ii) make deposits totaling $50 or more that settle within 21 calendar days of clicking the referral link.383When these conditions are met, SoFi Securities LLC will: (a) credit the Eligible Invest Referrer’s Self Directed Invest account or Automated Invest account with a $75 cash bonus (the “Invest Referral Bonus”) if the Eligible Invest Referrer satisfies the eligibility requirements described above at the time the Eligible Invest Recipient enrolls in the Promotional Offer; (b) otherwise, credit the Eligible Invest Referrer’s Self Directed Invest Account or Automated Invest Account with a $50 cash bonus; and (c) credit the new SoFi Invest Self-Directed Account of the Eligible Invest Recipient with a $25 stock bonus (the “Invest Welcome Bonus”).
384Only one cash bonus ($75 or $50, as applicable) and one $25 stock bonus will be awarded for each referred Eligible Invest Recipient.
385An Eligible Invest Referrer will not earn a referral cash bonus if the Eligible Invest Recipient has or previously had a SoFi Invest account at the time they enroll in the Promotional Offer, or does not use the unique referral link provided by the Eligible Invest Referrer.
386We cannot disclose to you any information about new SoFi Invest Self-Directed Invest Accounts opened by any Eligible Invest Recipients you refer.
387By sending a referral link, you agree that you have express consent to send the recipient promotional messages about SoFi’s products and services.
388Eligible Direct Deposit means a recurring ACH deposit of regular income (such as payroll, pension, or government benefits, including Social Security) made to your SoFi Checking and Savings account by your employer, payroll provider, benefits provider, or a government agency.
389Deposits that are not from one of these sources or that are non-recurring in nature (such as IRS tax refunds) do not qualify.
390Examples of ineligible deposits include check deposits, peer-to-peer (P2P) transfers (e.g., PayPal, Venmo, Wise, Zelle), merchant transactions (e.g., PayPal, Stripe, Square), ACH transfers from external bank accounts, and wire transfers.
391There is no minimum Eligible Direct Deposit amount required.
392SoFi Bank, in its sole discretion, will assess Eligible Direct Deposit activity and may require additional documentation to verify eligibility.
393Although we do our best to recognize all Eligible Direct Deposits, a small number of employers, payroll providers, benefits providers, or government agencies do not designate payments as direct deposits.
394If an Eligible Invest Referrer has satisfied the Eligible Direct Deposit requirements but has not received the correct referral cash bonus, please contact us at 855-456-7634 with the details of your initial Eligible Direct Deposit.
395After SoFi validates the details of the Eligible Direct Deposit, the Eligible Invest Referrer’s correct referral cash bonus will be paid.
396Bank Referral Program The following terms and conditions govern your participation in the SoFi Bank Referral Program (“Bank Referral Program”) during the Promotion Period (as defined below).
397The Promotion provides: A Standard Bonus for each qualifying referral.
398The Standard Bonus amount differs for the Eligible Bank Referrer ($75 or $100) and the Eligible Recipient ($50), as described in the “Standard Bonus” section below; and A SoFi Plus Additional Bonus ($25 for each party) if the Eligible Recipient also subscribes to SoFi Plus within the required timeframe described below.
399For additional information about SoFi Plus membership benefits, pricing, and terms, please visit sofi.com/sofi-plus .
400Promotion Period June 24, 2026 at 12:00 a.m. E.T. – December 31, 2026 at 11:59 p.m. E.T. Only referrals that satisfy all required activities during the Promotion Period will qualify for this Promotion.
401Eligible Bank Referrer Requirements To be eligible for a referral bonus under this Promotion (including both the Standard Bonus and the SoFi Plus Additional Bonus), a referrer (an “Eligible Bank Referrer”) must: Share their unique referral link during the Promotion Period; and Have an existing SoFi Checking and Savings account in good standing at the time of their referral bonus payment.
402Eligible Recipient Requirements To be eligible for the Standard Bonus, an Eligible Recipient must: Apply and successfully open a SoFi Checking and Savings account as their first SoFi product by clicking the referral link from their friend (individuals who have previously applied for but did not successfully open or enroll in another SoFi product remain eligible); and Make deposits totaling $50 or more that settle within 21 calendar days from clicking on the referral link.
385Peer-to-peer (P2P) transfers are excluded (P2P transfers are defined as ACH-based P2P or debit-card based P2P transfers from Venmo, PayPal, Apple Cash, Square Cash, Zelle, etc).404Peer-to-peer (P2P) transfers are excluded (P2P transfers are defined as ACH-based P2P or debit-card based P2P transfers from Venmo, PayPal, Apple Cash, Square Cash, Zelle, etc.).
386Once the Eligible Referrer and the Eligible Recipient have completed all required activities, SoFi will: (i) credit the Eligible Referrer a one-time cash bonus of $75 into their SoFi Checking account (plus an additional $25 if the Eligible Referrer was a SoFi Plus member at the time the Eligible Recipient opens and funds their SoFi Checking and Savings account); and (ii) credit the Eligible Recipient a one-time cash bonus of $25 into their SoFi Checking account.405To be eligible for the SoFi Plus Additional Bonus, an Eligible Recipient must first satisfy all requirements for the Standard Bonus outlined above and then: Subscribe to SoFi Plus for $10/month within 21 calendar days after clicking on the referral link.
387To enroll in SoFi Plus, see the SoFi Plus Terms and Conditions for additional details.406The Eligible Recipient must open a SoFi Checking and Savings account before subscribing to SoFi Plus.
388Bonus payments will be credited to the Eligible Referrer and the Eligible Recipient’s respective SoFi Checking accounts within seven (7) business days following confirmation by SoFi that all required activities have been completed by the referrer and referred member.407Standard Bonus Once both the Eligible Bank Referrer and Eligible Recipient have met all eligibility requirements, SoFi will credit each party a cash bonus (each, a “Standard Bonus”), with the amount determined as follows: Eligible Recipient Standard Bonus: The Eligible Recipient will receive a cash bonus of: $50 into their SoFi Checking account for opening a SoFi Checking and Savings account and making deposits totaling $50 or more.
389This is a limited-time offer from SoFi with limited availability, and is subject to expire at any time.408Eligible Bank Referrer Standard Bonus: The Eligible Bank Referrer will receive a cash bonus in one of the following amounts, credited into their SoFi Checking account: $100 if the Eligible Bank Referrer is a SoFi Plus Member, has received an Eligible Direct Deposit (defined below) into their SoFi Checking and Savings account, or has received $5,000 or more in Qualifying Deposits (defined below) or $75 if the Eligible Bank Referrer is not a SoFi Plus Member, does not meet the Eligible Direct Deposit (defined below), or has not received $5,000 or more in Qualifying Deposits (defined below).
390Eligible Referrers will not earn a referral bonus if the Eligible Recipient has previously opened a SoFi Checking and Savings account or does not use the unique referral link provided by the Eligible Referrer to open a SoFi Checking and Savings account during the Promotion Period.409SoFi Plus Additional Bonus If the Eligible Recipient subscribes to SoFi Plus for $10/month within 21 calendar days after clicking on the referral link, SoFi will credit: The Eligible Recipient a $25 cash bonus (the “SoFi Plus Additional Bonus”) into their SoFi Checking account; and The Eligible Bank Referrer the SoFi Plus Additional Bonus of $25 into their SoFi Checking account.
391Employees of Social Finance, LLC and its affiliates are not eligible to receive referral bonuses under the Bank Referral Program.410Bonus Payment Timing Once all qualifying activities for a particular bonus have been completed and validated by SoFi, that bonus payment will be credited to your SoFi Checking account within seven (7) business days.
392Joint Accounts: • Only the primary account holder who opens the new joint Checking and Savings account is eligible for the referral bonus. • The secondary account holder added to the joint account is not considered an Eligible Recipient for this offer and will not receive a referral bonus for joining the joint account. • The secondary account holder can still refer new members and earn referral bonuses for their own successful referrals. • An Eligible Recipient can only receive one referral bonus at the time they open their first SoFi Checking and Savings account.411In all cases, bonus payments will be made no later than seventy-four (74) days after the applicable qualifying activities have been completed.
393Interest Rates: SoFi members can earn the following annual percentage yields (APY): With Eligible Direct Deposit: Savings (including Vaults): 3.10% APY.412The Standard Bonus is earned after the Eligible Recipient opens a SoFi Checking and Savings account and completes deposits totaling $50 or more.
394Checking: 0.50% APY.413The SoFi Plus Additional Bonus may only be earned after the Standard Bonus requirements have been satisfied and the Eligible Recipient enrolls in SoFi Plus within the required timeframe.
395No minimum Direct Deposit amount is required to earn the 3.10% APY on savings.414Standard Bonus payments and SoFi Plus Additional Bonus payments may be issued separately and at different times.
396Without Eligible Direct Deposit: Savings (including Vaults): 0.80% APY.415An Eligible Bank Referrer must have an open SoFi Checking and Savings account in good standing in order to receive any bonus payment.
397Checking: 0.50% APY.416If the Eligible Bank Referrer does not have an open SoFi Checking and Savings account at the time the bonus payment is issued, SoFi is not obligated to make the bonus payment.
398Other Rates Details: Rates are variable and are subject to change at any time.417Additional Terms This is a limited-time offer from SoFi and is subject to change or expire at any time.
399Rates are current as of 12/23/25.418See SoFi Referral Program Official Rules and full Bank Referral Program terms at: sofi.com/referral-program/ .
419An Eligible Recipient may receive referral bonuses only once when opening their first SoFi Checking and Savings account.
420After opening their account, they may then participate as an Eligible Bank Referrer and earn referral bonuses for their qualifying referrals, subject to the terms of the Bank Referral Program.
421In no event will any Eligible Bank Referrer be entitled to receive more than $10,000 in cumulative referral or direct deposit bonuses under all available SoFi referral programs within any calendar year.
422Bonuses are considered miscellaneous income and may be reportable to the IRS on Form 1099-MISC (or Form 1042-S, if applicable).
423SoFi is required to do this reporting in compliance with applicable federal and state reporting requirements.
424Recipients are responsible for any applicable federal, state, or local taxes associated with receiving a bonus; consult with your tax advisor to determine applicable tax consequences.
425SoFi reserves the right to exclude any Member from participating in the Program for any reason, including suspected fraud, misuse, or suspicious activity.
426This offer cannot be combined with the SoFi Checking and Savings “Account $20 Open Offer.” Joint Accounts Only the primary account holder who opens the new joint Checking and Savings account can be an Eligible Recipient for the referral bonuses.
427The secondary account holder added to the joint account is not considered an Eligible Recipient for this offer and will not receive referral bonuses for joining the joint account.
428The secondary account holder can still refer new members and earn referral bonuses for their own successful referrals.
429Definitions Eligible Direct Deposit means a recurring ACH deposit of regular income (such as payroll, pension, or government benefits, including Social Security) made to your SoFi Checking and Savings account by your employer, payroll provider, benefits provider, or a government agency.
430Deposits that are not from one of these sources or that are non-recurring in nature (such as IRS tax refunds) do not qualify.
431Examples of ineligible deposits include check deposits, peer-to-peer (P2P) transfers (e.g., PayPal, Venmo, Wise, Zelle), merchant transactions (e.g., PayPal, Stripe, Square), ACH transfers from external bank accounts, and wire transfers.
432There is no minimum Eligible Direct Deposit amount required.
433SoFi Bank, in its sole discretion, will assess Eligible Direct Deposit activity and may require additional documentation to verify eligibility.
434Although we do our best to recognize all Eligible Direct Deposits, a small number of employers, payroll providers, benefits providers, or government agencies do not designate payments as direct deposit.
435If the Eligible Bank Referrer has satisfied the Eligible Direct Deposit requirements but has not received the correct cash bonus in the respective Checking account, please contact us at 855-456-7634 with the details of your initial Eligible Direct Deposit.
436After SoFi validates the details of the Eligible Direct Deposit, Eligible Bank Referrer’s correct bonus will be paid.
437Qualifying Deposits means one or more deposits, in the aggregate, totaling $5,000 or more into an Eligible Bank Referrer’s SoFi Checking and Savings account within a 31-calendar-day period.
438Qualifying Deposits may include ACH transfers, inbound wire transfers, peer-to-peer transfers, check deposits, instant funding to Eligible Bank Referrer’s SoFi Debit Card, push payments to SoFi Debit Card, and cash deposits.
439Qualifying Deposits do not include transfers between Eligible Bank Referrer’s own SoFi accounts (including SoFi Checking, Savings, Invest accounts, or Vaults), interest payments, bonuses issued by SoFi or its affiliates, or credits, reversals, or refunds from SoFi or a merchant.
440SoFi Bank, in its sole discretion, will assess Qualifying Deposits and may require additional documentation to verify eligibility.
441Interest Rates: Rates are variable and are subject to change at any time.
442Rates are current as of 5/28/26.
402Additional information can be found at https://www.sofi.com/legal/banking-rate-sheet Credit Score Monitoring Referral Program SoFi will give you 1,000 rewards points (equivalent to $10) if the person you refer registers to use, and successfully activates SoFi Credit Score Monitoring within 60 days of clicking on your unique referral link.445For SoFi Plus members, SoFi Savings is a tiered-rate account.
446Earn 4.50% Annual Percentage Yield (APY) on up to $20,000 in one SoFi Savings account, and 3.10% APY on all other Savings balances with a SoFi Plus membership.
447Promotional APY boost offers cannot be combined on balances earning a 4.50% APY.
448Rates are current as of 5/28/26.
449APY is variable and subject to change at any time.
450There is no minimum balance requirement.
451Fees may reduce earnings.
452Terms apply at sofi.com/terms-of-use/#sofi-plus .
453See additional rates and information at: sofi.com/legal/banking-rate-sheet .
454Credit Score Monitoring Referral Program SoFi will give you 1,000 rewards points (equivalent to $10) if the person you refer registers to use, and successfully activates SoFi Credit Score Monitoring within 60 days of clicking on your unique referral link.
568SoFi Plus Cancellation Fee Examples: SoFi Plus Activation Date Deposit 1% Match Total Equity Balance SoFi Plus Cancellation Date SoFi Plus Cancellation Fee March 1, 2026 $2,000 $20 $2,020 5+ years from deposit date $0 (earned full match amount) March 1, 2026 $2,000 $20 $2,020 2 years from deposit date $0 (adhered to SoFi Plus holding period, but early withdrawal fee could still apply) March 1, 2026 $2,000 $20 $2,020 Less than 1 year from deposit date $20 SoFi Plus members must keep Eligible Deposits in the account that earned the Match for five (5) years to keep the entire Match amount.620SoFi Plus Cancellation Fee Examples: 1% Match Promotion: Example Withdrawal and Fee Calculations SoFi Plus Activation Date Deposit 1% Match Total Equity Balance SoFi Plus Cancellation Date SoFi Plus Cancellation Fee March 1, 2026 $2,000 $20 $2,020 5+ years from deposit date $0 (earned full match amount) March 1, 2026 $2,000 $20 $2,020 2 years from deposit date $0 (adhered to SoFi Plus holding period, but early withdrawal fee could still apply) March 1, 2026 $2,000 $20 $2,020 Less than 1 year from deposit date $20 SoFi Plus members must keep Eligible Deposits in the account that earned the Match for five (5) years to keep the entire Match amount.
584Early Withdrawal Fee Examples: Deposit 1% Match Total Equity Balance Withdrawal Date Withdrawal Amount Remaining Equity Balance Early Withdrawal Fee $1,000 $10 $1,010 5+ years from deposit date -$600 $410 $0 (earned full match amount) $1,000 $10 $1,010 Less than 5 years from deposit date -$600 $410 $5.94 $1,000 $10 $1,310 Account balance increases due to investment gains Less than 5 years from deposit date -$250 $1,060 $0 $1,000 $10 $950 Account balance decreases due to investment losses Less than 5 years from deposit date -$250 $700 $3.07 Fraud and Violations: SoFi reserves the right to decline, rescind, or delay granting the Match if fraudulent activity or violations of these Terms are suspected.636Early Withdrawal Fee Examples: 1% Match Promotion: Example Withdrawal and Fee Calculations Deposit 1% Match Total Equity Balance Withdrawal Date Withdrawal Amount Remaining Equity Balance Early Withdrawal Fee $1,000 $10 $1,010 5+ years from deposit date -$600 $410 $0 (earned full match amount) $1,000 $10 $1,010 Less than 5 years from deposit date -$600 $410 $5.94 $1,000 $10 $1,310 Account balance increases due to investment gains Less than 5 years from deposit date -$250 $1,060 $0 $1,000 $10 $950 Account balance decreases due to investment losses Less than 5 years from deposit date -$250 $700 $3.07 Fraud and Violations: SoFi reserves the right to decline, rescind, or delay granting the Match if fraudulent activity or violations of these Terms are suspected.
636(vii) 1% match on crypto: CRYPTOCURRENCY AND OTHER DIGITAL ASSETS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Cryptocurrency and other digital assets are highly speculative, involve significant risk, and may result in the complete loss of value.688(vii) 1% match on crypto: 1% Match Promotion: Example Withdrawal and Fee Calculations CRYPTOCURRENCY AND OTHER DIGITAL ASSETS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Cryptocurrency and other digital assets are highly speculative, involve significant risk, and may result in the complete loss of value.
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