When it comes to managing your finance, investing is the way to go, and SoFi is here to help you. SoFi Money is all in one app to invest in Stocks, Crypto, and ETFs. With SoFi, you can spend, save, trade, and invest your money, and you can maximize your reward with a $50 SoFi referral bonus.
Earn a $50 SoFi referral bonus when you invite your friends to open a SoFi money account and invest $10 within 30 days of joining. Referred users will also earn a $25 SoFI sign up bonus.
Learn how you can earn a SoFi referral bonus and other SoFi referral programs.
What is SoFi Money?
SoFi Money is an account provided by a fintech company. It offers banking and cash management services to all the people residing in the United States. SoFi money is designed to help you save capital and expand your financial capabilities. It keeps 0.25% APY on all your balance only if your monthly deposits are at least $500.
SoFi (short for Social Finance) was founded by four students in 2011 who met at Stanford Graduate School of Business. They aimed to provide an affordable platform to those students who take debts to fund their education.
Now, a thought might pop up in your mind: other online savings accounts offer higher APYs. Generally, those accounts come with transaction limitations, while SoFi Money allows you to spend without any limits. You can use the capital saved with SoFi Money to buy a home, get a degree, travel, and everything you have been putting on your wishlist.
SoFi Referral Bonus: $50 Rewards
SoFi is probably one of the easiest platforms to sign up with and bring friends to. They reward you for helping them grow the SoFi family in the form of a SoFi referral bonus.
You can earn your SoFi referral bonus by inviting your friends and family with your unique link. Let’s discuss some reasons why SoFi Money is a bank account worth getting started with:
How to Earn SoFi Referral Bonus?
Now that you know everything about SoFi referral bonus, get ready to earn in just a few taps. Let’s walk through the step-by-step guide to earning SoFi referral bonus.
- Use your referral link provided by SoFi to send an invitation to your friends and family.
- Convince them to join and wait for them to get registered using your link.
- Once they have signed up, they’ll need to deposit at least $10 in theirSoFi Money fund account. This deposit should be made within 5 days of opening your account.
- You and your friend will receive your bonus in less than 2 weeks after completing all the requirements.
In four simple steps, you earn your SoFi referral bonus. Here’s a little tip: Once you have won the bonus, it’s best to keep the account. You can enjoy many more features offered by SoFi. And it’s absolutely free. You can keep inviting your friends and earning money.
Wondering what amount you get as SoFi referral bonus? It depends on what product you are using.
SoFi Sign Up Bonus $25 New User Bonus
SoFi welcomes you to the family with a generous sign up bonus. Let’s walk through the complete roadmap of earning this bonus.
How to claim SoFI sign up Bonus
- Create a new SoFi Money account if you don’t already have it. Make sure to use a referral link to register.
- Deposit at least $10 in your SoFi Money fund account. This deposit should be made within 5 days of opening your account. You can do it either by linking a bank account or via an instant transfer from your debit card.
- You’ll receive your bonus in less than 2 weeks after completing all the requirements. Usually, it’s faster than that.
SoFi Money: Pros and Cons
Let’s use the good old pros/cons list method to analyze the best and not-so-good features of SoFi Money platform.
|There’s no maintenance fee||It demands fee for cash deposits|
|It pays you interest||They have no physical locations|
|You can receive direct deposit paycheck faster than the traditional way||To earn high interest rates, you need to qualify for monthly direct deposits|
|It has a huge ATM network with no surcharge|
|It doesn’t make you wait for a long time before bonus posts|
Features of SoFi
Here are some of the most amazing features offered by SoFi money.
- No fees: It requires no account fees. There’s no limit to transactions, and it offers free-free ATMs.
- 15% cashback: You can earn up to 15% cash back on any local purchase made using your SoFi debit card.
- Early paychecks: You can receive your paychecks two days earlier when you set up direct deposit.
- Vaults and Roundups: You can organize your money and set up savings goals by using vaults and roundups.
- Covering overspent money: If you overspend accidentally, SoFi will cover you. And it won’t even require any fee.
- 2% APY on direct deposit: You can set a direct deposit and earn 2% APY.
Is SoFi Money Legit?
Yes. SoFi has recently received a national bank charter. Right now, it is one of the most trusted companies in the world of finance and investments. SoFi Wealth offers automated investment and is registered with the SEC. Moreover, its trading services are provided by SoFI Securities LLC, which is again a trusted business registered with FINRA and SIPC.
To conclude the discussion, we’ll recommend using SoFi if you are looking for an all-rounder platform for your cash management. It offers basic features along with some incredible additional features.
SoFi can make the savings process easier for you. And it is a completely free platform, so there’s no harm in getting started. Besides, you’ll get a generous amount with a SoFi referral bonus and sign up bonus. So, it’s a win-win!