Old version
June 17, 2026 00:17 UTC
d9f12f32a5fcc21212e19e11589f6d265386a6feda920424a5d889489d8b3a1f
CA-V-003924
New version
June 18, 2026 00:17 UTC
23716a8f54a8d6fb1d85a421eca6c5cb0f73fde63533a856201203361a10ce81
CA-V-003957
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Change Summary
SoFi added a detailed Crypto Referral Program section to its Terms of Service on June 18, 2026, establishing the operational rules for earning referral bonuses tied to cryptocurrency account sign-ups. The new language specifies that both referrers and referred members must complete defined activities, including opening SoFi Crypto accounts and making qualifying purchases, to receive $25 cash bonuses credited within 7 business days. The terms also establish restrictions, including a $10,000 annual cumulative bonus cap across all SoFi referral programs, tax reporting as miscellaneous income on Form 1099-MISC, and SoFi's right to disqualify participants for fraud, abuse, or program gaming without notice.
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405See Official Referral Program Rules for additional information. 8.405See Official Referral Program Rules for additional information.
406Crypto Referral Program CRYPTOCURRENCY AND OTHER DIGITAL ASSETS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE SoFi cryptocurrency products and services are offered by SoFi Bank, N.A., subject to applicable regulatory approvals.
407Participation is subject to the promotion’s terms and conditions and does not constitute an offer or guarantee of access to cryptocurrency-related products or services.
408Cryptocurrency and other digital assets are highly speculative and involve significant risk, including the potential for complete loss of value.
409The following terms and conditions govern your participation in the SoFi Crypto Referral Program (“Crypto Referral Program”) during the Promotion Period (as defined below).
410PROMOTION PERIOD: February 4, 2026 at 12:00 a.m. E.T. – December 31, 2026 at 11:59 p.m. E.T. TERMS AND CONDITIONS: This is a limited-time offer from SoFi with limited availability, and is subject to expire at any time.
411To receive the crypto referral bonus, a referrer must complete the following required activities: (1) Share their unique referral link during the Promotion Period to the referred member.
412(2)Have BOTH an existing SoFi Checking and Savings account AND an existing SoFi Crypto account at the time the referred member opens their SoFi Crypto Account.
413To receive the crypto referral bonus, a referred member must complete the following required activities: (1) Click the referrer’s unique referral link during the Promotion Period (2) Apply and successfully open BOTH a SoFi Crypto AND a SoFi Checkings and Savings account (3) Make a single qualifying crypto purchase of at least $50 within 30 calendar days of clicking the referral link.
414A qualifying crypto purchase means a successful SoFi Crypto purchase transaction to buy Supported Digital Assets: (i) cryptocurrencies (ii) stablecoins.
415A qualifying crypto purchase must be funded directly from your Sofi Checking and Savings.
416REFERRAL BONUS Once the referrer and the referred member have completed all required activities, SoFi will: (1) credit the referrer a one-time cash bonus of $25 into their SoFi Checking and Savings account AND (2) credit the referred member a one-time cash bonus of $25 into their SoFi Checking and Savings account.
417Bonus payments will be credited to the referrer and the referred member’s respective SoFi Checking and Savings account within seven (7) business days following confirmation by SoFi that all required activities have been completed by the referrer and referred member.
418Referrers will not earn a referral bonus if the referred member has previously opened a SoFi Crypto Account or does not use the unique referral link provided by the referrer to open a SoFi Crypto account during the Promotion Period.
419Employees of Social Finance, LLC and its affiliates are not eligible to receive referral bonuses under the Crypto Referral Program.
420In no event will any referrer or referred member be entitled to receive more than $10,000 in cumulative referral or welcome bonuses under all available SoFi referral programs within any calendar year.
421Bonuses are considered miscellaneous income, and will be reportable to the IRS on Form 1099-MISC (or Form 1042-S, if applicable).
422OTHER IMPORTANT DETAILS •This offer can be combined with other SoFi Crypto promotions •SoFi reserves the right to disqualify any participant from the referral program at its sole discretion, including but not limited to cases of actual or suspected fraud, abuse, gaming of the program, or conduct inconsistent with the spirit or intent of these terms. •SoFi further reserves the right to verify eligibility, withhold or revoke any bonus, or modify, suspend, or terminate this offer or the referral program at any time without notice. 8.
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