Posted by William Charles on February 6, 2020
Bank Account Bonuses

Published on February 6th, 2020 | by William Charles


[Targeted] SoFi Money $75 Direct Deposit Bonus for Existing Users

The Offer

No direct link, check email for subject <Set up direct deposit. Get $75>

  • SoFi Money is offering $75 for users who set up a recurring payroll direct deposit of $500 or more. After receiving two payroll direct deposits, you’ll be eligible for the $75 bonus.

The Fine Print

  • Terms and conditions apply.
  • Only SoFi Money members who have not previously set up direct deposit and are original recipients of this message (email, sms text, push notification) are eligible.
  • To receive the promotional balance, two qualifying payroll direct deposits of at least $500 must be made by the new SoFi Money member’s employer, or payroll provider by ACH deposit within 60 days of receiving this email.
  • Direct deposits that are not from an employer (such as check deposits; P2P transfers such as from PayPal or Venmo, etc.; merchant transactions such as from PayPal, Stripe, Square, etc.; and bank ACH transfers not from employers) do not qualify for this promotion.
  • Within two weeks of the second direct deposit clearing, qualifying participants will receive a $75 deposit into their SoFi Money account.
  • After receipt, the promotional balance must remain in the account for 30 days.
  • This offer is limited to one per person.
  • The offer expires on 3/30/2020, at 5pm EDT.
  • Participants must comply with the SoFi Money terms of use.
  • Any fraudulent or returned funding will result in disqualification.
  • 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.

Our Verdict

Not as good as the previous $100 bonus that was offered, but still worth doing if you were targeted.

Hat tip to reader fitzejunk

Leave a Reply


newest oldest most voted
Notify of

not targeted , 🙁


Not targeted..


Just got my $100 bonus from the last promo. Wealthfront transfers counted as DD


Did the transfer show up as “Deposit” or “Direct Deposit”? I just did a couple of transfers from Welathfront and they are shoing up as “deposit”. How long after the second one posted did you get the bonus?


Target me again, please 😉


Not sure how I missed the $100 DD promo – saw was targeted last Nov. hopefully get targeted again.


Not seeing it


i’d rather use my DD for Wells Fargo…


Got targeted today.


Got a push notification today for this

Back to Top ↑