$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.
- 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.