SoFi pays $75 a referral, or $100 if you hold SoFi Plus, have an eligible direct deposit, or have brought in $5,000 or more. The cap is unusually high and stated in dollars rather than referrals: $10,000 a calendar year across every SoFi referral program combined, which is the highest ceiling of anything we track.
How you get your link
Get your referral link from your SoFi account.
- Share your referral link
What the person you refer gets
$50. They must open and fund a SoFi Checking and Savings account.
The cap, exactly
SoFi caps this at $10,000 per calendar year, per person. The limit follows you, not the card, so holding more than one eligible card does not multiply it.
Tax treatment
SoFi says bonuses are considered miscellaneous income and may be reportable on Form 1099-MISC, or Form 1042-S where applicable. The tax falls on the person doing the referring, not the person referred. This is reference information, not tax advice.
Where you may share this link
We have not yet read SoFi's referral terms closely enough to say whether public sharing is permitted. Until we have, treat it as restricted and check the terms yourself.
When it pays
Within seven business days.
The fine print that matters
- The $100 rate applies to SoFi Plus members, those with an eligible direct deposit, or those with $5,000 or more in deposits. Otherwise it is $75.
- The cap is $10,000 in cumulative referral and direct deposit bonuses across all SoFi referral programs in a calendar year, per person.
- The person you refer is paid only once, when they open their first SoFi Checking and Savings account.
- SoFi's Invest referral is a separate offer paying the new client $25 in stock rather than cash.
- Sending a referral link requires you to have express consent to send the recipient promotional messages.
- SoFi's master official rules are the authority on sharing and did not render for us, so we make no claim about where the link may be posted.
Sources: sofi.com bank referral offer terms (checked Jul 21, 2026) · sofi.com invest referral offer terms (checked Jul 21, 2026)
Dealaka does not host referral links for this program and takes no share of any referral reward. This page describes the terms SoFi publishes. Something wrong? Send a tip.