SoFi Checking and Savings
Free to apply · opens SoFi's official page. New to this? The step-by-step guide gives you exact dates and reminders.
A new or existing SoFi member who has never set up direct deposit must set up their first eligible direct deposit (recurring ACH of payroll, pension, or government benefits) received by SoFi on or before 12/31/26; SoFi totals eligible direct deposits over the 25 calendar days following the first deposit of $1 or more, paying $50 for totals of $1,000-$4,999.99 or $400 for $5,000 or more. Only one bonus per member, paid into an open SoFi Checking account in good standing within 7 business days.
Open the account by December 31, 2026.
Terms checked against sofi.com on October 4, 2026.
BonusBoard may earn a commission from links to established, regulated financial institutions. Bonus terms are set by the bank and may change; always confirm details on the bank's official page.