Posted by William Charles on November 9, 2019
Brokerage Bonuses

Published on November 9th, 2019 | by William Charles

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SoFi Invest $100 Bonus When You Invest $1,000+

The Offer

Requires a referral, share your referrals in this linked post

  • SoFi is offering a $100 bonus when you open a new SoFi Securities LLC active brokerage account and fund it with at least $1,000. $100 bonus will be in the form of a fractional share in a company

Our Verdict

Bonus was $25, then it was increased to $50 and now we see it at $100. The amount you need to invest was $1, then $100 and now $1,000 so does require a much bigger investment. This is basically four times the standard bonus so that’s nice. We will be adding this to the best brokerage bonus page. Do not share your referrals in the comments below, they can be shared in this linked post instead (make sure you don’t share a link if you’ve already shared one there already).



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JT
JT

Is this churnable?

Gregory
Gregory

There is an incest bonus?

Mark
Mark

“And u can also sign up for incest and get a bonus” lol!

Gadget 🕵️

Pretty sure that function must be disabled, except maybe in a few states.

vc
vc

i literally just lold

Frugal Nellie, aka Lela
Frugal Nellie, aka Lela

Oh, I love you people! I LOL’d too.

Kim
Kim

Typo in “The offer” section: “SoFi is offering a $100 bonus when you open a new SoFi Securities LLC active brokerage account and fund it with at least $100. $50 bonus will be in the form of a fractional share in a company.” The end of that first sentence should be $1,000, not $100.

Bruce
Bruce

The SoFi Invest referral system is so incredibly broken. Its doesn’t tracking properly. SoFi Money works just fine.

soulespada
soulespada

Are you saying there will be difficulty getting the bonus from this post?

Bruce
Bruce

Very likely. Unless they fixed it, which I doubt. I tried telling them through every possible means (FB, Twitter, online chat, email) that their referrals weren’t tracking and they just won’t believe me. Very often the one referring gets nothing and very often the one who signs up gets nothing. Then you’re stuck battling with their customer support trying to get the money.

There are multiple DPs of this floating around, so it’s not just me.

@Chase-ing UR points
@Chase-ing UR points

Agreed, my app has been showing $50 referral bonus earned and 1 successful referral for over a month now and I never got paid. I’ve been meaning to reach out to SoFi but judging by your comment, it doesn’t seem like it’ll accomplish too much

A
A

Yeah I’m currently missing the welcome bonus in invest but my friend got theirs fine and I got my bonus for referring them. Also I am missing 1 money referral but got others. They said until 10 business days pass they won’t investigate. We’ll see.

Darrell
Darrell

I read elsewhere that you can’t get the referral bonus for the same pair of referer and referred (referee?) on both the Money and Invest accounts. So if you have 2 players, and A refers B for Money, you should have B refer A for Invest.

Mdam0re

in proccess of this but will see if a refer invest after as well

Joe
Joe

Is this a hard pull on the credit file?
Thanks.

Gadget 🕵️

No, it’s not a hard pull. It is a pull on your EWS.

Joe
Joe

What does EWS stand for?
Thank you!

desert rat
desert rat

Can I refer someone if I only have a Money account? When I click on the Referral Program, it says I can refer someone for a personal loan or student loan refi – doesn’t say anything about Invest.

Oh, never mind – I found the rules and to refer to Invest, you have to have an Invest account yourself.

Flea
Flea

They need to shell out some money for UI testing, as I’m pretty sure nobody meant to put up a link to the “Non-solication (sic) Agreement”

Neil Degrasse
Neil Degrasse

I already have an Invest account.

Would it be possible to open a second one for this new bonus?

Brittney Wolfe
Brittney Wolfe

Absolutely!!! Hi! 👋 Get SoFi Money today. As long as you fund your account with at least $100, you’ll get an extra $50. Then start saving, spending, and earning high interest—all in one product. Use my link [remvoed]

Brian C 🐕

Are you serious posting a referral link here?

Chang
Chang

No you cannot, the app states that you can only have on active investing account

Alex Coulson
Alex Coulson

I have 2 and can open more. You are not limited to number of accounts

Brian C 🐕

You are limited to one bonus per individual for this promotion.

Kurt Tostenson
Kurt Tostenson

.

David
David

Does the investing platform work on desktop or does one have to install an app?

Brittney Wolfe
Brittney Wolfe

You can use desktop. 🙂 it also says if you spend 10$ in crytpo investing you get a 25$ bonus.

AllwaysLearning22
AllwaysLearning22

What is a good way to speak to a CSR with SoFi? My account has the wrong birthday and I am not able to fix it. Called once and was ‘1st in line’ for 45 minutes before I hung up.

James Bond

Does anyone know if the Sofi web site is down? I tried 3 different browser using the referral links and all time out with same error message: This site can’t be reached

Tony
Tony

My deposit went in 11/12 and I got my bonus stock 11/13. Quick and easy. Thanks, DoC.

Mark E
Mark E

From the referral program FAQ:

“How do I ensure that my friend and I earn the referral bonus?
You must use your friend’s unique URL immediately prior to registering for a SoFi account and creating an application.

Only brand new SoFi customers are eligible to receive a welcome bonus and they must meet the minimum requirements. **If the referred applicant already has a SoFi account, does not use their friend’s unique referral link when first creating their SoFi account, or has an account associated with another promotion, their application will not earn a welcome bonus, and their referring friend will not earn a referral reward.**”

Does this mean that someone who received the $50 bonus for SoFi Money would be denied the $100 bonus for SoFi Invest?

Tony
Tony

Interesting wording but I’m not sure this is enforced. A couple months ago I did the SoFi money bonus. This past week I did the SoFi invest referral. Prompted me to login, it let me choose my free stock, and I finished signing up for an invest account. I just got my SoFi Invest bonus so I guess ymmv.

LearningToChurn
LearningToChurn

Deposited $1000 on Nov 12, $100 welcome offer pending Nov 13 (app notification says bonus stock will be deposited within 10 business days). You can also combine this with the $25 crypto offer (invest $10 in crypto, get $25 worth of Bitcoin). Sell the Bitcoin and $100 share and you’ll get ~$125 worth of bonuses in a matter of days. No-brainer offer.

beat2def
beat2def

I am completely dumb when it comes to crypto and Bitcoin stuff. Where and how do you buy the crypto, and, how do you sell the Bitcoin?

Brian C 🐕

It’s all done through the app and is straight forward.

Once you have your investment account up and running they give you a click option for the crypto bonus

beat2def
beat2def

I deposited the money and it’s in my account but I don’t see any my $100 welcome offer or even anything saying pending. I went through a referral so I thought I’d be good for it.

beat2def
beat2def

I needed to wait. I finally got the 10 day congrats message. I haven’t seen the crypto bonus yet.

jack
jack

William Charles FYI I got an email on the 7th about opening a sofi investing account and funding with as little as $1 to get $50 in free stock. Didn’t see this posted yet

T/C:

Terms and conditions apply. To receive the offer, you must: open a new SoFi Securities LLC active brokerage account through the signup link you were given, and add at least $1 to your brokerage account. The offer only applies to new active brokerage accounts. The offer is limited to one per person. The offer expires on December 31st, 2019. Once conditions are met and account is opened, you will receive $50 which will be paid in a fractional share (or fractional shares) in a publicly traded company. The number of fractional shares delivered for the bonus will be determined based on the execution price at which SoFi Securities acquires the shares. Please note, given the Welcome Bonus will be paid in the form of a marketable security, the dollar value of the Bonus will change as the price of that security changes, which will result in a change in value of the Bonus provided. SoFi reserves the right to change the form of consideration used to pay the Welcome Bonus at any time without advance notice. Bonus amounts of $600 or greater in a single calendar year may be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099‑MISC in the year received by applicable law. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer, consult your tax advisor to determine applicable tax consequences. SoFi reserves the right to change or terminate the offer at any time or without notice.

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