Who doesn’t like free money? SoFi is offering $50 to new customers when they open and fund an account with $100. Plus we’ll show you how to earn with the SoFi Referral Bonus!
That’s an immediate 50% return on your money. Or a free $50; however you want to look at it.
What is SoFi?
SoFi is basically a new online bank that is giving away very generous bonuses to get people to sign up.
According to SoFi “SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing, and protecting give our more than half a million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. Whether they’re looking to buy a home, save money on student loans, grow in their careers, or invest in the future, the SoFi community works to empower our members to accomplish the goals they set and achieve financial independence as a result.”
Is SoFi Legit?
They have exclusive naming right to the stadium that will host the Los Angeles Rams and Los Angeles Chargers, and also play host to the college football National Championship Game in 2023 and the Olympics in 2028. So yeah, I think they are legit and will be around for a while.
How to Get Your $50 Bonus
Open an account using the “Get Started” link below.
Deposit $100 within 14 days of opening account. You can link your bank and transfer money immediately. I got an email almost immediately confirming “Your SoFi welcome bonus has been paid”.
The entire process took me only about five minutes. Super easy!
Here is what my account looked like after my wife joined. This all happened the same day.
Though it showed I received the referral bonus that day, it took three days for the money to actually show up in my SoFi Money account.
SoFi Referral Bonus: Refer Your Friends and Earn Another $50
Each friend who funds a new account now earns you $50. Each friend gets a $50 welcome bonus!
Yes, we do earn the referral bonus if you use our link (thank you if you do), but now it’s your turn. Sign up, download the app, then start referring your friends and family to Sofi and start racking up your own referral bonuses. Did you notice the image above – you can get up to $10,000 in referral bonuses. Get started!
A cash management account that earns you 1.60% APY on all your cash and has no account fees
You get a debit card that you can use then use to spend your $50 sign up bonus.
SoFi Invest, $100 More!
Using a referral link you can make an additional $100 by opening a SoFi Invest account, and depositing $100. You can even use money from your Sofi Money account so you don’t even have to come up with an additional $100.
Note that the $100 is in the form of a stock purchase and not directly cash.
During the application process it already asked me what stock I wanted to invest in. Easy!
Fee free investing for all levels.
SoFi Invest is a micro investing platform where you can buy stocks fee free with no minimum. You don’t have $1,700+ to buy a single share of Amazon stock? No problem. Use your $50 bonus to buy $50 worth of Amazon stock.
SoFi Invest Referral. $100
You can refer others to SoFi Invest and earn another $100. Just use the referral link in your app.
Do you want another $100? Direct Deposit
Once you sign up, look for an email offering $100 for Direct Deposit.
You need to set up payroll direct deposit of at least $500 per month. After the second deposit, you should receive an additional $100 in your SoFi Money account.
Good news! Due to overwhelming interest in our direct deposit promotion, we are extending the eligibility dates. You now have until1/31/2020 for your first direct deposit to hit your SoFi Money account.
Adventure with Scott:
Looking to put your $50 dollars toward a travel adventure? Follow us for travel tips and ideas!