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SoFi: up to $400 bonus

SoFi Checking and Savings · Checking + Savings

AI summary Open SoFi Checking and Savings and get $1,000+ in direct deposits within 25 days.

Up to $400Advertised bonus

$400Estimated net bonus

$0Account feesno monthly fee stated

~35 daysHold period

Dec 31, 2027Ends

Janet read the fine print. By her math, no fees come out of this one.

Steps

All details from the bank's page

Requirements: Set up your first eligible direct deposit (SoFi must receive it by Dec 31, 2027). SoFi totals eligible direct deposits received within 25 calendar days of the first one: $1,000-$4,999.99 = $50; $5,000+ = $400.
Account fees: Account fees: $0 (the bank states no monthly fee). Counted over 35 days (hold period, about 35 days).
Estimated net bonus: Estimated net bonus $400 ($400 minus $0 fees)
Hold period: SoFi totals direct deposits for 25 days after the first one and pays within 7 business days; the account must be open at payment. For the estimate: about 35 days (25 days of direct deposits plus 7 business days to pay, counted as about 35 days from the first deposit).
Estimated effective yield: No deposit has to stay in the account, so there is no estimated effective yield; the hold is how long the account must stay open.
Direct deposit: Required ($1,000+ within 25 days)
Deposit / balance: No minimum balance to open
Time to complete: 25 days (as stated)
Payout: Within 7 business days of completing requirements
Keep open / early close: Must have an open SoFi Checking account in good standing at the time of payment. No other early-close term stated.
Eligible states: not stated
Lookback rule: New and existing SoFi members who have never set up direct deposit with SoFi. One bonus per member.
Deadline: Dec 31, 2027

Source: www.sofi.com/banking/ · Last verified Nov 1, 2026, 1:07 AM CT · How we estimate