$50 SoFi Money Bonus with Referral Sign Up

Sign Up Bonus:


Referral Bonus:


Payout Method:


The SoFi Money Bonus is now worth $50 when you open a new account and make at least 2 direct deposits worth $500 each. Use this SoFi Money referral link to sign up now. Plus refer others to receive an additional $50 for each person who signs up using your unique SoFi Money referral link.

SoFi Money Sign Up Bonus

Take advantage of the SoFi Money bonus offer by signing up via Bonusery’s SoFi Money account referral link. After doing so, you will receive a $50 welcome bonus when you fund your account with $500 or more. You will also receive access to your own referral bonus link after you open your account.

How To Get $50 SoFi Money Welcome Bonus

To receive the bonus offer you need to:

First, visit Bonusery’s SoFi Money Referral Program link and open an account

Then, fund your new account with $500 or more

Finally, wait a few days for the $50 bonus to be deposited directly into your new SoFi Money account

NOTE: this promotion is for new customers only. However, if you have/had a SoFi Loan, SoFi Invest or any other SoFi account, you will still receive the $50 sign up bonus.

SoFi Money Bonus – SoFi Members Get Their Money Right

SoFi Money Review

SoFi is running a promotion that pays a $50 cash bonus when you open a SoFi Money deposit account, a SoFi checking account and savings account in one.

Consequently, this account gives you a 0.20% APY on all your money with no monthly fees or ATM fees worldwide. You will also receive a Visa debit card, free checks, a well-designed mobile app (SoFi app for iOS), as well as all other checking and savings account features you can expect from a top-tier bank. However, the main benefit of the the money management account is that it’s a unified checking account and savings account.

Above all, the online bank account functions as a savings account with a high-yield rate and also provides the convenience of a checking account. This is a great way to both save money and spend money all while accruing interest income.

The best bank sign up bonus? We at the Bonusery Team think it may be.

SoFi Money Cash Card for the SoFi sign up bonus
Visa Debit Card

From the SoFi Money Bonus Website

Earn more money
You work hard for your money. Now your money can work hard for you. Earn 0.20% APY on your account.

Pay zero fees
Most banks charge an average of $329 per year in account fees. We don’t charge any.

Free ATMs everywhere
Use any ATM worldwide that accepts Visa® and we’ll reimburse you for the fees.

Quick sign up
Sign up and open an account in minutes. It’s that easy.

Get the best of checking and savings in one account with the all-new SoFi Money.

SoFi Website

Pros and Cons


SoFi Money Account Frequently Asked Questions

Is SoFi Money insured?

Yes, the cash management account is FDIC insured up to $1.5 million with additional protection against fraud.

Where are SoFi banks located?

SoFi does not operate traditional brick-and-mortar retail location. Your mobile phone is your branch where you can complete mobile transfers, send photo check deposit, and contact customer service.

How much does the account cost?

The account is free and does not incur any fees for SoFi members.

How does SoFi make money?

Similar to other debit and credit card companies, SoFi earns a small amount of interest on money deposits and debit card usage. Because SoFi does business online only, it’s able to operate with much lower costs than other banks that have physical locations.

Do I need to have a SoFi loan to open a cash management account?

No, you don’t need to have any existing SoFi product to apply.

Can I replace my checking account and deposit as well as savings accounts?

Absolutely! The has all the major features of a checking, savings, and deposit account all-in-one package.

What is the APY for the account?

As at June, 2020 the APY rate is 0.20%.

What is SoFi Money?

SoFi Money is a mobile-first bank that is a checking account but pays a higher interest rate on deposits just like a high-yielding savings account. It’s powered by the SoFi mobile app and the Visa Debit Card. In addition to a high-yield interest rate, the cash management account charges no account fees and offers unlimited reimbursement for ATM fees each month and free P2P payments.

Is a minimum balance required?

No, there is no minimum balance requirement to have an account

Can I deposit cash in my account?

Unfortunately, cash deposits are not accepted. You can only deposit checks, transfer money from other banks as well as P2P payments.

Is SoFi legit?

Absolutely. SoFi is an accredited financial institution that offers numerous financial services for its members that are insured and governed by U.S. regulations.

$100,000 Cash Giveaway

Between May 1, 2020 and June 20, 2020 SoFi is giving away $100,000 total in cash to 31 lucky winners.

Every time you make a purchase with a SoFi Money World Debit Mastercard, you will be entered into the sweepstakes.

PrizesAmount# of Winners
Grand Prize$50,0001 winner
First Prizes$5,0005 winners
Second Prizes$1,00025 winners
$100,000 SoFi Money Cash Giveaway Prize Schedule

SoFi Money Referral Bonus – $100 for Limited Time [EXPIRED]

Upon receiving your SoFi Money bonus, you can participate in the SoFi Referral Program and extend the $50 bonus with your friends and family.

Updated September 15, 2019: Between September 15, 2019 to September 23, 2019 the referrer will now get $100 for each referral. After September 23, 2019, the amount will drop back down to $50 as part of the SoFi Money referral program.

$100 SoFi Money Referral Bonus

For each new person that you refer who opens a new account and follows the same steps as you did, you will both receive SoFi Money bonus.

You have the potential to earn $10,000 in cumulative referral bonus payouts from SoFi within a single calendar year.

Keep in mind that the referral bonuses and welcome bonuses are considered to be miscellaneous income. Therefore, may be reportable to the IRS on Form 1099-MISC or Form 1042-S, if applicable. You can find out more about tax implications by visiting our Frequently Asked Questions page.

Feel free to share your referral link in the comments section below after you signed up and received your SoFi Money bonus.

The 50x50x50k Giveaway [Expired August 5, 2019]

On July 22, 2019 SoFi announced the 50x50x50k Giveaway.

You are eligible to receive an extra $50,000 for each successful referral that joins using your referral link in addition to the SoFi Money Bonus and any SoFi Money Bonus Referral.

The official rules and detailed explanation have been posted on the SoFi company website. However, we summarized the two methods of entry for your below.

SoFi Sweepstakes Giveaway Entry Method 1

To enter and receive one entry in the Sweepstakes’ random drawing, an eligible entrant must:

  1. Refer a user using the unique referral link assigned by SoFi, AND 
  2. The referral must open a SoFi Money checking account and fund it with $100 (or more) within fourteen days of account opening.

A referral must meet the following requirements:

  • Be a legal resident of the United States
  • 18 years old at time of account opening
  • Not be an existing SoFi Money checking account holder under any alias
  • A $50 deposit bonus is not required

SoFi Sweepstakes Giveaway Entry Method 2

You can enter without a referral by writing down the following information on a piece of paper:

  • First name
  • Last name
  • Email address used when registering for SoFi
  • City
  • State
  • Statement conveying what you would do with the $50,000 cash payout to help you “Get Your Money Right”

Insert the piece of paper in a #10 business envelope and mail it to:

SoFi 50x50X50K Giveaway Mail-in Entry
c/o Ventura Associates International LLC
494 Eighth Avenue
Suite 1700
New York, NY 10001

Mail-in entries must be postmarked between July 22, 2019 and August 5, 2019 and received up to five days thereafter. Each mail-in entry must be mailed separately.

SoFi Money 50x50x50k Sweepsteaks Giveaway
The SoFi 50x50x50k Giveaway

Other Referral Bonus Offers that Pay Free Money for Signing Up

Be sure to also checkout the SoFi Invest $100 sign up bonus. You can sign up for both the SoFi Money and SoFi Active Investing accounts to earn a cumulative total of $75 in new account sign up bonuses.

Chase Bank also has a sign up referral bonus for new account referrals and is valued at up to $350. However, it requires direct deposit and separate checking and savings accounts, not to mention the bonus payout typically takes longer to receive.

SoFi Stadium [September 15, 2019 Update]

Although this has nothing to do with the SoFi Money bonus, we thought it’s cool that SoFi has purchased the naming rights to the new arena where the Los Angeles Rams and Los Angeles Chargers will play.

SoFi Stadium will also host Super Bowl LVI in 2022, the College Football National Championship game in 2023, and the Opening and Closing Ceremonies of the 2028 Olympic Games.

This now makes SoFi a premier brand among some of the world’s most recognizable banks.

Bottom Line

Get a $50 SoFi Money bonus when you deposit $500 or more with no minimum balance and no maintenance fees. Manage your account with a mobile app or online, spend with a debit card, it’s the easiest and fastest promotional offer you can get right now. This cash management account also earns 0.20% APY.

Looking for a higher sign up bonus? Check out the Chime sign up bonus worth $75.

69 Responses

  1. Hello, when does the promotion period end? Also, when I open an account and after I receive a bonus, will I have access to my own referral link that I can share with my family and friends?

    1. Hey there. According to the SoFi Money Terms & Conditions, the $50 cash bonus promotion is indefinite. In regards to whether you will receive your own referral link upon opening a new SoFi Money account, the answer is yes! Once you open an account, you will a link that you can use to send to your family and friends. It will look similar to ours but with the last digits being unique to your account: https://www.sofi.com/share/money/2499931/

  2. Is SoFi Money a good account to use as a primary spending account instead of a traditional checking account? I’m thinking about depositing my paychecks into the account and then using it ti pay my bills, carrying over the remaining balance so I accrue the 2.25% APY interest.

    1. Absolutely! The SoFi Money account functions as both a checking and a savings account that accrues interest. You can setup direct deposit so your pay checks are sent directly to your SoFi Money account, you can pay merchants using the Visa debit card you’ll be issued, and or request personal checks. Moreover, you have the ability to use any ATM without incurring a fee!

    1. According to the SoFi website, the promo is currently indefinite. I.e. SoFi has not set a date for when the promotion will end. We will update this post if an expiration date is set.

  3. if you cap out that share code here’s mine if anyone wants to use it– I just signed up Aug 3rd and there’s a $10k cap so at $50 a person is 200 people that could use it. I’ll post back when my link is close to used up.

  4. Are all these deals US centric ? let me know where can I find such deals for germany or india . ? If any of the deals posted are for the said countries ,lemme know .

  5. Hi! I attempted to use the referral link, but the bonus wasn’t deposited, and now SoFi support is asking me for the email address of the referrer so they can apply it. Anybody want to give me their email to get the bonus? Thanks!

  6. SoFi is still running this promotion! I liked their website so much that I switched from TD Bank and now use SoFi as my primary bank account. Their investing platform is very neat, too. Sign up using my link to get a $50 bonus when you do a one-time transfer of $100 – easy money!

  7. Hi folks,

    SoFi Money Please check my link here: https://www.sofi.com/share/money/2674408/

    We both get $50 and it’s very easy to do — just deposit $100. It’s also a decent bank account with 2% interest, unlimited free ATMs, and zero fees. There’s also member experiences that gives tickets to sporting/entertainment events for free. It’s actually become my main bank account because it acts like a checking account but at a savings account-rate.

    SoFi Invest

    link: https://www.sofi.com/share/invest/2674408/

    Get $50 in a companie’s stock (you choose) with a $25 deposit. No fees, another easy $50!

    Much appreciation if you use my links!

  8. SoFi is great. Three recommendations if you are looking for referral bonuses:
    1) Once you sign up, you will get a referral link good through 10/31 to refer a friend and get $50
    2) After funding, you can get another $25 by purchasing $10 in bitcoin
    3) If you know anyone interested in re-financing a loan, they will give you a $300 referral link
    Consider my link – we’ll both get $50! https://www.sofi.com/share/invest/2722902/


  9. Hi everyone,
    So SoFi Bank just upgraded their referral program and now give out $50 for anyone who signs up using a referral code and deposits $100 from any source (payroll, another bank account, paypal, etc.)
    So all you have to do is open an account with a referral link, deposit $100, and then instantly collect the bonus and then take it all back.
    And you can cancel the account at any time with no fees or consequences.
    This is probably the easiest referral bonus I’ve ever seen.
    I would be grateful if you used my referral link. Thank you


  10. Id appreciate you sharing mine as well. There is not a cap so you will just get a ton of money by yourself. Also, for other readers sofi has numerous bonuses available for example if you try crytpo trading with 25$ you get another 25$ bonus instantly. Please consider using my link as well https://www.sofi.com/share/money/2679682/

  11. $50 PROMO BONUS: SoFi Money (aka Money Market/Checking Account) at www.sofi.com/share/money/2750404

    Open a SoFi Money Account & fund your account with at least $100, you’ll get a $50 in 1-3 days! (I got my bonus a few days after with no other info requested fyi 🙂

    $100 PROMO BONUS: SoFi Personal Loan or SoFi Student Loan Refi at www.sofi.com/share/2750404

  12. Is this bonus for $50.00 or $25.00? I am seeing both here. If I sign up today, after I deposit the $100 into the new account willl i receive $50 or 25? Please let me know. Thanks!!

      1. Hey, I used Asaf’s link and Sofi is asking for the full name and email of my referrer before posting the bonus. Can you send Asaf’s full name and email (on Sofi account) to my email.

  13. How long do I have to leave the account open after receiving the bonus? Is there a penalty/retraction of the bonus if I close the account before a certain period of time

Ask a question or leave your referral link