Through January 31, 2026, you could earn up to a $300 SoFi checking bonus when you complete the following requirements.

1. Open a new SoFi Checking and Savings account by clicking the button below.
2. Set up and receive at least one direct deposit before the promotion period ends. When your eligible direct deposits total between $1,000 and $4,999.99, you’ll earn $50. However, when your direct deposits are $5,000 or more, you’ll earn a $300 bonus.

Once you complete the requirements, your direct deposit will be added to your account within seven business days.

Features of the SoFi Checking and Savings Account

When you sign up for the SoFi direct deposit bonus, you’ll be able to take advantage of the following features of your new SoFi account.

• High APY: Earn up to 4.00% annual percentage yield (APY²) on SoFi Savings with a 0.70% APY Boost (added to 3.30% base APY as of 12/23/25) for up to 6 months. Plus, earn up to $300 with direct deposit. Open a new SoFi Checking and Savings account by January 31, 2026, set up eligible direct deposit within 60 days, and maintain direct deposit for six months.
• No Account Fees: No overdraft, minimum balance, or monthly fees. This is one of the best free checking accounts available.
• Extra FDIC Insurance: You’ll have access to $3 million in FDIC insurance.
• Early Paycheck: Receive your paycheck up to two days early when you set up direct deposit.

SoFi Account Fees

There are no fees with a SoFi Checking and Savings account. This includes overdraft fees, monthly maintenance fees, or minimum balance fees.

Earn Bonus Cash: Earn a $300 cash bonus and up to a 4.00% APY when opening a checking and savings account.

SoFi Locations

Because SoFi is an online bank, it’s available to customers located in all 50 states.

How Does This SoFi Direct Deposit Bonus Stack Up?

Want to compare this SoFi bonus to what else is available? Here are some other promotions to consider. Make sure you also check out the other SoFi promotions.

Disclosures

2. Up to $300 Bonus Tiered Disclosure
   New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct
   Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the
   total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the
   details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through
   SoFi Bank, N.A., Member FDIC.
   SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct
   Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on
   checking balances. Interest rates are variable and subject to change at any time.
   These rates are current as of 11/12/25. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
3. APY disclosures
   Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 1/24/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and
   information can be found at https://www.sofi.com/legal/banking-rate-sheet
4. APY Disclosures
   SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
5. Fee Policy
   We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.
6. Additional FDIC Insurance (must be bolded)
   SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.
7. ATM Access
   We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.
8. Early Access to Direct Deposit Funds
   Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
9. Overdraft Coverage
   Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with Eligible Direct Deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage.
10. 0.70% Savings APY Boost
    Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.