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.

SoFi Referral Program — Earn $75

$75per referral

Earn $75 when a friend opens a new SoFi Checking & Savings account with your referral link and makes a qualifying initial deposit.

Payout Type

Cash

Commission Type

One-Time

Difficulty

Easy

Max Referrals

unlimited

Max Earnings

unlimited

Rating

4.4(1456 reviews)

Start Referring →

What Your Friend Gets

$25for your friend

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.