SoFi vs Ally Bank bonuses
As of Jul 21, 2026, SoFi has 3 live sign-up bonuses, up to $400. Ally Bank has 1. Here is how they compare, verified against each institution's own terms.
At a glance
| SoFi | Ally Bank | |
|---|---|---|
| Live sign-up bonuses | 3 | 1 |
| Biggest cash bonus | $400 | — |
| Bonus types | bank, brokerage | brokerage |
| ChexSystems | Soft pull, no ChexSystems reported | No ChexSystems pull reported |
| Credit pull | Soft pull to open | None for deposit accounts |
| Eligibility | One checking and savings bonus per member | None |
Current offers
What to know about each
An online bank that runs a recurring, tiered direct-deposit bonus. The rule is simple: bring $5,000 in direct deposits inside the window for the top tier. No branches, no monthly fee, and a strong APY when direct deposit is on.
An online bank known for no fees and a consistently competitive savings APY. It rarely runs cash bonuses, but it is one of the most direct-deposit-friendly banks, so it is a common place to route a deposit that another bank needs.
Common questions
SoFi has the bigger cash bonus right now, at $400. Figures change; both are checked against the source and shown above with the date.
The better pick is the offer whose requirement you can actually meet. SoFi currently gives you more offers to choose from. Weigh each bonus against the deposit or spend it needs, not just the headline number.
New to this? Start with how bank sign-up bonuses work, weigh both by value with the easiest to earn list, and see more head-to-heads on the compare page. Reference information, not financial advice.