This is how you can get up to $300 to open an account.
SoFi offers a SoFi Checking and Savings Account bundle that has a great bonus based on the amount of your total qualifying direct deposits.
To get $50 or $400, open a SoFi Checking and Savings account and receive qualifying direct deposits totaling at least $1,000.
The amount of the bonus is based on the total of the direct deposits you receive in the 30-day evaluation window (which starts once the first direct deposit is made).
This is what you get:
| Total Qualifying Direct Deposits | Cash Bonus |
|---|---|
| $1 – $999.99 | $0 |
| $1,000 – $4,999.99 | $50 |
| $5,000 or more | $400 |
This is open to new customers but also existing customers who have never earned a direct deposit bonus.
Bonus will be deposited within 14 days of the end of the evaluation period.
(Offer expires 12/31/2026)
If you already have a SoFi account…
Consider this offer from Capital One:
New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 5/15/2026 and will be available through 12/31/26. See full bonus and annual percentage yield (APY) terms at sofi.com/banking/checking-offer/
Earn up to 3.80% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.10% APY) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 12/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 5/28/26. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet
At no added cost to you, some of the products mentioned are advertising partners and may pay us a commission. More information
