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sofi referral program

SoFi Money Account – Referral Bonus $25

Disclosure: Basic Travel Couple, LLC has partnered with CardRatings for our coverage of credit card products. Basic Travel Couple, LLC and CardRatings and MileValue may receive a commission from card issuers. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

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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.

SoFi Money

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.

Lisa’s SoFi Invest Link

Dave’s SoFi Invest Link

Other great SoFi Articles:

Editorial Disclaimer: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

Disclosure: Basic Travel Couple, LLC has partnered with CardRatings for our coverage of credit card products. Basic Travel Couple, LLC and CardRatings and MileValue may receive a commission from card issuers. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

The comments section below responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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