Sofi Checking & Savings (formerly Sofi Money) Bank Account Introduction

The new sign-up bonus is $505 + $300. The first $505 is provided by the third-party platform Swagbucks, and the second $300 is provided by Sofi itself. HT: DDG . The referral and Swagbucks offers can be combined to earn an additional $25. Numerous data points indicate that this combination is successful. You need to open the referral link in the same browser first and leave it running, then click the Swagbucks link to apply.

Application link

• Sofi Checking & Savings $505 + $300 Offer via Swagbucks (50,500 Swagbucks points are worth approximately $505) (Swagbucks itself has a $10 sign-up bonus here )
• Sofi Checking & Savings $250+$300 Offer via Rakuten (Rakuten itself has a $30 sign-up bonus here )
• Sofi Checking & Savings +$25 referral link. You can get an extra $25 by combining referrals and third-party offers. You need to open the referral link in the same browser first and leave it alone, and then click on the third-party link to apply.

Basic Account Information

1. $505 + $300 sign-up bonus. Terms and conditions are below.
2. Withdrawing money from ATMs within the Allpoint Network is free.
3. Annualized Interest Rate (APY): Relatively high, currently as high as 4.60% (December 2023). This is contingent upon having a Direct Deposit (DD) , with no minimum amount required. Without a DD, the interest rate is 0.50%.
4. Monthly fee: $0.

Account opening bonus conditions

1. This reward is only available to new Sofi Checking & Savings users.
2. Direct Deposit (DD) requirements: Make a $5,000 DD within 45 days of opening your account and before January 31, 2026 to receive a bonus. Only DDs made within the first 25 days of the first deposit will be counted ; deposits cannot cross over to later dates (e.g., they cannot wait until the next month's salary is deposited).

Precautions

• Previously, only U.S. citizens or green card holders could apply for this account. Now, the status restrictions have been lifted; both RAs and NRAs can apply, as long as they have a Social Security Number (SSN). See the official website page .

Summarize

The account opening rewards are getting more and more attractive. Sofi is a relatively new internet-based bank that offers free ATM withdrawals and good interest rates, and it seems to be genuinely committed to doing well.

Related accounts

• Sofi Checking & Savings (This Article)
• Sofi Invest
• Sofi Credit Card

Application link

• Sofi Checking & Savings $505 + $300 Offer via Swagbucks (50,500 Swagbucks points are worth approximately $505) (Swagbucks itself has a $10 sign-up bonus here )
• Sofi Checking & Savings $250+$300 Offer via Rakuten (Rakuten itself has a $30 sign-up bonus here )
• Sofi Checking & Savings +$25 referral link. You can get an extra $25 by combining referrals and third-party offers. You need to open the referral link in the same browser first and leave it alone, and then click on the third-party link to apply.