Earn up to $400 after receiving qualifying direct deposits in a new SoFi Checking and Savings account.
The appeal here is payout density: you are taking on a more involved setup, but the combined offer still models to $400 after estimated fees. For people willing to manage both accounts together, that can beat stacking multiple smaller bonus paths.
PersonalChecking + savingsDirect deposit requiredNo state restriction listedHigh friction
Gross bonus
$400
Headline payout before any modeled fee drag.
Funding threshold
$5,000
$5,000+ qualifying direct deposit
Time to clear
35 days
Fast by bank-bonus standards if you stay on top of the checklist.
Friction
High friction
Higher cash commitment, longer hold periods, or several moving parts make this a more hands-on execution play.
Direct deposit
$5,000+ DD
Qualifying payroll or ACH
Opening deposit
No min
No opening minimum listed
Hold period
35 days
Keep open through payout
Fee
No fee
No recurring fee modeled
Bonus ROI
8%
Bonus vs required funding
Execution Summary
What actually decides this offer
Primary requirement
Open both accounts and route $1,000+ in qualifying direct deposit.
Primary constraint
Keep the account open for 35 days.
Execution model
This is a bundle play: open both accounts, satisfy the balance and activity rules, and stay organized for 35 days.
Cash profile: Low cash drag. Hold period: 35 days.
Checklist
How to complete it cleanly
3 steps
1
At opening
Open both required accounts
Save the confirmation email and a copy of the live offer terms before you begin.
2
Qualifying direct deposit of at least $1,000
Keep account open for 35 days
Open a new SoFi Checking and Savings account.
Receive at least one eligible direct deposit.
Accumulate at least $1,000 in eligible direct deposits during the first 25-day direct deposit bonus period for a $50 payout, or $5,000+ for the $400 top tier.
During qualification window
Route qualifying direct deposit
Send at least $1,000 in qualifying direct deposits and verify the bank counts them correctly.
3
Through day 35
Keep the account open until the bonus is safe
Plan on about 35 days before you consider the offer done.
Good Fit If
Who should actually do this
You can route at least $1,000 in qualifying direct deposit without disrupting your main bank setup.
You prefer offers that do not require a meaningful opening balance.
You are willing to manage two new accounts at once for a larger combined payout.
Think Twice If
Where this can get annoying
Your current direct deposit setup makes qualifying direct deposit hard to move or verify.
You want a near-hands-off offer with only one step to track.
Watch For
Failure points before you start
The offer depends on qualifying direct deposits totaling at least $1,000.
Do not treat the account as finished until roughly day 35; early closure can wipe out the payout.
SoFi's official checking offer page advertised the up-to-$400 direct deposit bonus through December 31, 2026 when re-verified on May 10, 2026. The slug is retained from the prior $300 offer amount.
Related Offers
Other bank bonuses in the same neighborhood
Chase
Chase Total Checking Bonus
Checking-based alternative with a different activity profile.
If this offer is the one you want to anchor around, send it straight into the planner and let it decide whether this bank bonus should be first, deferred, or left out.
