Update 4/16/25: $125/12,500 now via Rakuten.
Update 3/18/25: $100/10,000 is again available on Rakuten
Update 10/6/23: Now $175 That was banking not invest
Update 9/29/23: This is now $100 or 10,000 Membership Rewards points with Rakuten (ht LikeaSumBoDi)
The Offer
- Swagbucks is offering 20,000 ($200) when signing up for a new SoFi Invest account and then depositing and trading $50
The Fine Print
- Must be a new user to SoFi Invest. Existing SoFi Invest and SoFi Crypto accounts are not eligible to earn SB.
- Must deposit and trade at least $50 to earn SB.
- SB will appear as Pending for 32 days.
- Must enter valid sign-up information, including social security & funding information to earn SB.
- Funds must stay in your account for a minimum of 30 days. Early withdrawal subject to SB award being revoked.
Our Verdict
We once saw a $75 bonus on SoFi Invest via referral link, though that one required $1,000 deposit. This is the simplest offer we’ve seen, and could be a nice bonus even for someone who doesn’t want to invest the funds as you can simply signup and do the deposit to get the $75 bonus.
I’d wait 32 days until the reward posts before pulling the funds out, but I don’t see any official requirement of such. The $75 probably won’t get reported on a form 1099, though legally you might have to self-report the bonus. We’ll add this to our list of Best Brokerage Bonuses.
If you’re new to Swagbucks, please read our review. You can also get a bonus of up to $13 by using a referral link.
Post history:
- Update 8/13/23: Back up to $200 now
- Update 3/22/23: Up to $150 now (still not the high $200 bonus)
- Update 2/1/23: Down to $100 now
- Update 1/31/23: Offer is back now, but it’s showing the lower $150 bonus now (at one point this was $200)(ht Mark)
- Update 11/4/22: Increased now from $150 to $200
- Update 9/29/22: Back again at $150
- Update 7/25/22: Bonus is now $150 (up from $121). Some people have had tracking issues with the checking offer so keep that in mind.
- Update 3/28/22: Increased to $121.50 on Swagbucks Revenue Universe or about $125 on MyPoints Revenue Universe. This one has a lower $50 deposit requirement, but does require a crypto trade (any amount). (ht Kris)
- Update 3/12/22: Increased to $100; Update 11/8/21: Has been reduced to $60.
View Comments (398)
Rakuten is showing only $50 for me
Quick question, which probably deserves NEW TOPIC(?): Sofi-Plus $160!!
https://www.sofi.com/score/?utm_campaign=20250425_TSYSPlusSweepstakesRmndr_MEM_MEM_NONE_MEMDD_NONE_ACQ_ACTV_XBN_1T_P_HON_BRZ_NRL_US_EN_LCM_EMA_TSYSFollowup&utm_medium=EMAIL&utm_source=BRAZE
What DD avoids $10 mo.fee?
I opened this account on 4/18 and immediately set up a $101 deposit. Still hasn't pulled from my bank account and in SoFi it still just shows in the "pending" section - is this common/normal on SoFi?
Rakuten never gave bonus.
Sofi never give me bonus.
Professional churner I used at least 20 banks.
These 2 sofi and Rakuten are just scammers.
Would this be considered a rebate or included in taxable income? Would rakuten issue a 1099?
Rakuten still shows $100 for me
$125 was only for one day (it showed "only today" when the bonus was $125)
Same for me
Same
Can this Sofi Invest Account be churned? Had an account about 5 years ago. Officially the T&C say: "Cash Back is only available for new SoFi Active Invest customers."
I got to give my input. I had a sofi invest account and left a couple hundred dollars there as a side account. 6 months later I received an email stating they sold some of my Securities to cover a $25 inactivity fee because I DID NOT LOG INTO MY ACCOUNT FOR 6 MONTHS! They would not reverse, even after I opened a CFPB complaint they would not reverse.
I never understand.
That's terrible, I would never leave money in here other than to get the bonus. I almost feel duped just for going for the bonus.
Rakuten only showing $100 for me
Ditto. (Logged in.) #2044915
I opened a new account yesterday and initiated a $100 pull into the account. It's showing in my Rakuten activity, but the cashback amount is zero. Hopefully it'll change to $125 after the $100 deposit posts
For whatever it is worth, I also opened a new account yesterday and initiated a $110 deposit into the account which is pending, and my rakuten cashback also shows zero.
Was in same situation. Just got an email notification with $125 amount
Same! I received an email showing that I earned $125 and the shopping trip in my Rakuten account changed from $0 to $125