SoFi Money will give you $50 if you open an account with my referral link and then fund it with at least $100. Once your account is open, send YOUR referral link to friends and family. You’ll get $100 for every person who uses your link to open and fund their account. That’s how you and your significant other can walk away with $200!
You’ll also earn 1.6% APY which is not too shabby these days.
Thanks for using my link to get the ball rolling! Yes, that is my legal first name that you see on the landing page. You can earn up to $10,000 in referral bonuses! This is a helluvalot better than the old perk for opening a bank account: A toaster.
I confirmed with SoFi’s customer service rep that there is no hard credit inquiry, therefore your credit score does NOT take a hit. There is also no amount of time that you must leave your funds in there.
If it sounds too good to be true, think of it this way. These sign up and referral bonuses are SoFi’s way of paying for a social media advertising campaign. Instead of paying for ads, they pay bonuses for new customers who sign up and refer friends and family. Their website says they have paid out over $2 million in bonuses. I’m going to assume they got more than that in publicity and word of mouth. Heck, I’m giving them free publicity now!
As you can see below in a screenshot from the SoFi app, I opened and funded my account on October 27th. My $50 “Money Welcome Bonus” showed up the 28th. Someone used my referral link to open an account (thank you!) and I got a $100 “Money Referral Bonus” on the 29th.
You need to be 18 years old to open a SoFi Money account.