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Bank bonus

$50 or $400, by deposit size

SoFi pays $400 for $5,000 of direct deposit, and takes an ITIN

A tiered cash bonus for setting up direct deposit on a new SoFi checking and savings account.

Open the offerOpens sofi.com
  • Terms read at sofi.com, not copied from a coupon site
  • No end date is published, so none is invented here
Who
New members, and members who never set up direct deposit
Visa status
Not a barrier — SoFi supports non-permanent residents on a visa
ID needed
SSN or ITIN — SoFi names the ITIN itself
For $50
$1,000 to $4,999 in direct deposits, in 25 days
For $400
$5,000 or more in direct deposits, in 25 days
Paid
Within 7 business days of qualifying

Found by HelloStamped · ends 31 December 2026

Before you sign up

  • Only payroll, benefits and government deposits count. Money you move in yourself, a transfer from a friend, and a tax refund do not.
  • If you have ever set up direct deposit with SoFi before, including on the old SoFi Money, you cannot get this bonus again.
  • On a visa you have to re-confirm your status with SoFi every six months or the account can be closed.
  • A bank bonus is income and the bank reports it. If you file a 1040-NR the paperwork is not the same as for a citizen — check before you file.

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Where a shop’s terms turn on visa status, the deal says so — checked against the shop’s own terms, and including the offers that turn out to be closed to people on a visa. That is the part nobody else prints.

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What people found

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The deal itself is a public promotion, and the member who found it earns nothing from posting it. A row in the stack marked as a referral does pay the member whose offer it is, at no extra cost to you, and says so on the row. HelloStamped takes nothing either way.