Get paid up to $475 to switch your bank.
Open a SoFi Checking & Savings account, set up direct deposit, and stack three separate bonuses — no monthly fees, no minimum balance, no catch.
Claim my bonusTakes about 5 minutes. Offer valid for accounts opened by 12/31/26 — terms apply, see SoFi for current bonus tiers and eligibility.
Bonus Breakdown
How it works
Three steps, one payout.
Open your account
Sign up for SoFi Checking & Savings through the link on this page. It's free to open, with no minimum balance and no monthly fees.
Add SoFi Plus & direct deposit
Turn on SoFi Plus, then point your paycheck at your new account and routing number within 60 days of opening. Keep direct deposit active for 6 months to unlock the full APY boost and bonus tier.
Get paid — automatically
Bonuses land in your account per SoFi's schedule once each condition is met. No forms, no follow-up required.
Why switch
Your balance earns more here.
SoFi Savings pays up to 3.10% APY, and setting up direct deposit adds a 0.70% boost for six months — up to 3.80% APY combined. Compare that to what a typical big bank pays on savings.
3.10% base APY + 0.70% boost (as of 5/28/26) for setting up eligible direct deposit within 60 days of opening and maintaining it for 6 months. Rates are variable and subject to change. Offer valid for accounts opened by 12/31/26 — confirm current terms on SoFi's site before signing up.
The fine print, simplified
No fees. No gotchas.
$0 account fees
No monthly maintenance fees and no minimum balance to keep the account open.
FDIC insured
Deposits are insured through SoFi's program banks, up to applicable FDIC limits.
Early paycheck
Direct deposit can land up to two days early, depending on your employer's payroll schedule.
Questions
Before you open an account
How much can I actually earn?
Up to $475: $50 for opening the account, $25 for SoFi Plus, and up to $400 for an eligible direct deposit of $5,000 or more. Tiers can change, so check SoFi's current terms at signup.
Is there a catch?
No hidden fees. The direct-deposit tier is the largest bonus and requires an eligible recurring deposit — a one-time transfer won't qualify.
How long until I get paid?
Sign-up and SoFi Plus bonuses are typically credited within a few weeks; the direct-deposit bonus follows after your first qualifying deposit posts.
Do you get anything from this?
Yes — this is a referral link, and we both receive a bonus if you sign up and qualify. That's disclosed here in full transparency.
Ready to stack your bonus?
Open your SoFi Checking & Savings account and start the clock on up to $475.
Open my account