I wrote about the SoFi Money Account last week as part of my weekly Travel Tip Tuesday series in the Basic Travel 101 Facebook Group. Since my original post, the SoFi Money account has decreased the referral bonus for anyone that opens an account. It was $100, then $50, and now $25.
Basic Breakdown to Earn $25 from Signing Up
Step One
Open a New SoFi Money Account using a referral link (Here is ours).
Step Two
Transfer or Deposit $100 within 14 days of opening the account
Bonus
The Bonus should arrive within a few days of the money being deposited. Lisa’s appeared the same exact day while mine took a few days.
Basic Breakdown to earn $100 $50 (11-5-2019) $25 11-26-2019 from Referring Friends and Family
Step One
Open a SoFi Money Account
Step Two
Download the SoFi App to your smartphone
Step Three
Log in and click on invite friends
Step Four
Send your unique referral link to friends and family
Bonus
For every friend and family member that opens a SoFi account and deposits $100, you will receive a referral commission of $25.
Terms and Conditions
The max amount of money a person can earn in one calendar year is $10,000. It’s important to recognize that this is considered taxable income and you’ll receive an IRS 1099-Form.
Final Thoughts
This is a great account even without the sign-up offers and referral bonus opportunities. Given that there are no account fees, no ATM fees, and 1.6 APY on my balance, I’ll be keeping this account open as a great addition to my Basic travel strategy portfolio.
If you decide to open an account, we appreciate you using our link.
