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Checking account · SoFi
Last verified June 3, 2026

SoFi Checking & Savings

$300 cash from SoFi when you receive $5,000+ in qualifying direct deposits, plus a competitive APY on savings. (Stacking sites sometimes advertise $675 — that figure adds a separate, fluctuating shopping-portal bonus on top; the reliable SoFi-paid amount is $300.) SoFi does a soft pull only, so applying won't dent your score.

The deal

Open a SoFi Checking & Savings account and receive $5,000+ in qualifying direct deposits

The walkthrough

  1. 01 Sign up on SoFi's site. SoFi does a soft pull only — no hit to your credit score.
  2. 02 Set up direct deposit from your employer, targeting $5,000+ to reach the top bonus tier.
  3. 03 The bonus posts within 14 days of qualifying direct deposit activity.
  4. 04 Optional: park extra cash in SoFi Savings to benefit from the higher APY.

What to watch for

  • ! Lower direct deposit tiers pay less — $1,000–$4,999 gets you $50. Target the full $5,000+ if possible.
  • ! The $675 figure you may see elsewhere depends on a shopping-portal bonus that changes constantly — don't count on it.
  • ! The high APY is promotional and has changed rates before. Don't treat it as permanent.
Editorial note

Offers change frequently. BonusPrimer verifies every bonus monthly, but before you apply, confirm the current terms directly with the issuer. We are not a bank and do not decide approvals. Our methodology →