There’s been some buzz about a referral offer from an online financial service provider called SoFi. And yesterday, I finally dived in and signed up — and boy, was it an easy 50 bucks.
SoFi is probably best known for its student and personal loans products, but they have something called SoFi Money. Essentially, SoFi Money is an online cash management account with no physical banking branches. Instead, SoFi sends you a debit card and you can withdraw money from ATMs worldwide without a fee. Everything is managed online or through their mobile app. And in case you were wondering, the company is legit.
At the moment, SoFi is offering $50 to anyone who signs up for an online cash management account (SoFi Money) through a personal referral link (like mine here). In turn, the person doing the referring (aka me) would get $100.
- First, sign up for a SoFi Money cash management account (which comes with a Visa debit card) and deposit at least $100 within 14 days and get a $50 bonus
- Refer new members and get a $100 bonus for each person you refer up to $10,000 in bonuses. And yes, I’d be super appreciative if you used my personal referral link.
- Feel free to share your referral links below in the comments
To deposit $100, you can link an existing banking institution to easily transfer funds to SoFi. After a couple of days, the $50 bonus should post onto your account. At this point, you can cash out your $150 if you’d like. Easy, peasy — $50 free.
There are no monthly fees, no minimums, no deposit requirements, ATM fee reimbursement worldwide, and a current 1.6% APY (as of 10/31/19).
While I am incentivized if you use my link, this deal makes sense for everyone, no matter whose link you use. It’s a no brainer.
Some Key FAQs Directly From SoFi:
Who can open a SoFi Money cash management account?
How easy is it to sign up for SoFi Money?
Are there any fees for having a SoFi Money account?
Does SoFi provide paper checks?
Here is a full list of FAQs and key terms.
Access Your SoFi Personal Referral Link
After you sign up for an account, you must download the app and login in order to access your personal SoFi Money referral link. It should show up as a banner but also can be found in your account within the app.
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