Find updated promotions and offers from SoFi here. Offers are typically available for these products: SoFi Checking & Savings, SoFi Invest, Student Loan Refinancing and Personal Loans.
SoFi has a very popular referral program as well. Other referral opportunities here.
SoFi Technologies, Inc., commonly known as SoFi, is a San Francisco-based fintech company.
Initially, the firm operated an alumni-funded lending model, providing low-interest student loans funded by alumni and institutional investors.
However, as their services diversified, SoFi transitioned towards a non-traditional underwriting approach, specifically targeting financially responsible individuals.
Best SoFi Promotions
Swagbucks is offering a limited-time offer of 20,000 SB (worth $200) for a SoFi Invest account. Update 9/22/2023: Get up...Read more
SoFi has an ongoing offer for their SoFi Active Investing product where users can get a $25 sign up bonus...Read more
SoFi has an ongoing offer where you can earn a $300 bonus using a referral link to refinance your student...Read more
SoFi is now offering a $1,000 referral bonus for doctors and dentists who refinance their student loans with the bank....Read more
SoFi has an ongoing offer available on their personal loans product where new customers can get a $300 bonus using...Read more
SoFi Checking & Savings earns interest and has no account and overdraft fees. Earn more on your money with 4.40%...Read more
The new SoFi Plus premium membership earns interest and cash back rewards. Earn up to $250 cash for enrolling in...Read more
SoFi is targeting existing customers with an offer where they can earn up to $1,000 in rewards points for adding...Read more
Swagbucks Deal: Get $10 Rewards + 750 SB (Worth $7.50) When Sign Up For Credit Insights From SoFi Relay
Earn 1,000 Swagbucks (worth $10) plus $10 in rewards from SoFi when you sign up for Credit Insights from SoFi...Read more
Key points about SoFi’s services:
- Offering a variety of financial products through mobile app and desktop platforms.
- Expanding beyond student loans to offer personal loans, home loans, and refinancing services.
- Transitioning from an alumni-funded model to a non-traditional underwriting approach.
READ MORE: GET THE $200 BONUS FROM CHASE BEFORE IT ENDS
SoFi Investment Services
Investment services were introduced in 2018 under the SoFi Invest platform, which used to be known as SoFi Wealth.
This platform offers commission-free trades of stocks and ETFs. As of December 2021, SoFi Wealth, LLC managed $523 million in assets and offered several types of IRA retirement accounts.
Key points about SoFi’s investment services:
- Launched SoFi Invest platform in 2018, featuring commission-free trades of stocks and ETFs.
- As of December 2021, SoFi Wealth, LLC managed assets worth $523 million.
- Offers traditional, Roth, and SEP IRA retirement accounts.
SoFi Cryptocurrency Services
In 2019, SoFi collaborated with Coinbase to facilitate cryptocurrency trading, which includes Bitcoin, Ethereum, Litecoin, and over 17 other crypto assets. These services, however, come with transaction fees.
Key points about SoFi’s crypto services:
- Launched cryptocurrency trading in partnership with Coinbase in 2019.
- Supports trading for Bitcoin, Ethereum, Litecoin, and 17+ other crypto assets.
- Crypto transactions are among the few SoFi services that involve fees.
SoFi provides banking services, including cash management accounts that are insured by FDIC through partner banks.
In 2020, SoFi partnered with Samsung Pay to launch Samsung Money by SoFi, an online checking/savings account.
SoFi also launched its first-ever credit card in late 2020 and introduced SoFi Money under SoFi Bank in 2022.
Summary of SoFi’s banking services:
- Offers FDIC-insured cash management accounts through partnerships with banks like MetaBank, Hills Bank and Trust Company, EagleBank, etc.
- Launched Samsung Money by SoFi in partnership with Samsung Pay in July 2020.
- Released their first credit card in late 2020 to promote healthy financial habits.
- Launched SoFi Money, a checking and savings account under SoFi Bank, in 2022.
SoFi’s Additional Services
Additionally, SoFi provides a free credit score monitoring and budgeting tool called SoFi Relay.
Furthermore, in partnership with third-party companies such as Lemonade, Inc., SoFi offers insurance options.
READ MORE: GET THE LATEST BANK PROMOTIONS HERE