SoFi Referral Program — Earn $75
Earn $75 when a friend opens a new SoFi Checking & Savings account with your referral link and makes a qualifying initial deposit.
One-Time
unlimited
unlimited
US only — you must have a SoFi Checking & Savings account to refer
What Your Friend Gets
Your friend earns a $25 cash bonus when they open a new SoFi Checking & Savings account and make a qualifying initial deposit.
Requirement: Must open a new SoFi Checking & Savings account through your link and deposit at least $10 within 14 days. (SoFi separately offers a larger direct-deposit welcome bonus that can stack with this referral.)
How to Refer
- 1Log in to the SoFi app, go to the Invite Friends section, and share your referral link via email, text, or social media.
Pros & Cons
Pros
- Flat $75 per-referral bonus
- No cap on number of referrals
- Low bar for friends — just a $10 deposit within 14 days
- Bonus paid as cash directly to your SoFi account
Cons
- Referrer must have a SoFi checking account to qualify
- Friends must use your link and deposit within 14 days
- Bonus amounts can change with promotions
SoFi Referral Program: High Payouts with No Cap
SoFi's referral program is one of the best in the banking space, combining a generous per-referral bonus with unlimited referral potential. If you're a SoFi member with a checking account, you can earn $75 for every friend you refer.
How the SoFi Referral Program Works
- Open the SoFi app and find your unique referral link
- Share with friends via email, text, or social media
- Your friend opens a new SoFi Checking & Savings account through your link
- When they make a qualifying initial deposit (at least $10 within 14 days), you earn $75 and they earn $25
What Makes SoFi Stand Out for Referrers
SoFi offers a rare combination: a flat $75 per-referral bonus with no cap on the number of referrals and a very low bar for friends — just a $10 deposit. This means your earning potential is effectively unlimited. SoFi also offers competitive APY rates and no account fees, making it genuinely easy to recommend.
SoFi Referral Tips and Strategies
- Highlight SoFi's high APY rate and no fees as selling points
- Target people frustrated with traditional banks charging monthly fees
- Mention the $25 the friend earns and the easy $10 deposit requirement
- Point friends toward SoFi's larger direct-deposit welcome bonus, which can stack with the referral
Understanding the Deposit Requirement
Your friend only needs to open through your link and deposit at least $10 within 14 days for the referral bonus to pay. The low requirement makes this one of the easier high-value banking referrals to convert — just make sure friends use your link and complete the deposit in time.
Frequently Asked Questions
- How much does SoFi pay per referral?
- SoFi currently pays $75 for each friend who opens a new SoFi Checking & Savings account with your link and makes a qualifying deposit. The friend earns $25.
- Is there a limit on SoFi referrals?
- No, SoFi's referral program is currently unlimited. You can refer as many friends as you'd like, though you should always check the current terms for any caps.
- What does my friend have to do to qualify?
- Your friend must open a new SoFi Checking & Savings account through your referral link and deposit at least $10 within 14 days. SoFi separately offers a larger direct-deposit welcome bonus that can stack with the referral.
Related Referral Programs
Chase
$50Earn $50 cash for each friend who opens a qualifying Chase checking account. Up to 10 referrals a year, for $500/year in referral bonuses.
Cash App
$5–$15Earn $5–$15 for each friend who signs up for Cash App and sends $5. No limit on referrals — unlimited earning potential.
Chime
$100Earn $100 for each friend who opens a Chime account and sets up direct deposit. One of the highest-paying banking referrals available.
Venmo
$5Earn $5 for each friend who joins Venmo and makes their first $5 card-funded payment. Capped at 10 referrals ($50 total).
SoFi vs Related Referral Programs
What you earn, what your friend earns, when the reward posts, how many referrals count, and where each program is available. Fields the provider has not confirmed are marked rather than estimated.
| Program | You earn | Your friend earns | Payout timing | Referral cap | Where it's available | Source / last checked |
|---|---|---|---|---|---|---|
| SoFi | $75 | $25 | Not confirmed — verify current terms | unlimited | US only — you must have a SoFi Checking & Savings account to refer | Official SoFi siteChecked Jun 2, 2026 |
| Chase | $50 | $100–$300 | Typically within 30 days of your friend's qualifying account opening | 10/year | US only — you must be an existing Chase checking customer to refer | Official Chase siteChecked Jun 2, 2026 |
| Cash App | $5–$15 | $5–$15 | Usually instant — the bonus lands in your Cash App balance once your friend's first $5 payment clears | unlimited | US only — your friend needs a US-based Cash App account and a linked US debit card | Official Cash App siteChecked Sep 8, 2026 |
| Chime | $100 | $100 | Usually within a few business days after your friend's qualifying direct deposit posts | unlimited | US only — you need a Chime account to share a referral link | Official Chime siteChecked Mar 9, 2026 |
| Venmo | $5 | $5 | Usually within minutes of your friend's first qualifying payment, credited to your Venmo balance | 10 total | US only — both people need a US-based Venmo account and a US phone number | Official Venmo siteChecked Jun 2, 2026 |
These are referral-program terms as last verified by RefPerks — not financial, tax, or betting advice, and not a guarantee of payout. Providers change reward amounts, caps, and eligibility without notice, so confirm the current terms with the provider before sharing your link.
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