SoFi Checking & Savings: $700 Bonus & Up to 3.80% APY!

SoFi's Checking and Savings account offers a lucrative bonus opportunity alongside competitive interest rates. Currently, the promotion boasts a potential $700 bonus, achieved by combining SoFi's $300 offer (with a $5,000+ qualifying direct deposit) and an additional $375 or 37,500 Membership Rewards points through Rakuten. A referral bonus of $25 further enhances the potential earnings. The account features an interest rate of up to 3.80% APY for those with direct deposit, and 1.00% APY without. This promotion supersedes previous offers involving Swagbucks and MyPoints, which also provided additional bonus amounts. Qualifying direct deposits are defined as those from employers, payroll, or benefits providers via ACH; other deposit methods do not qualify. The bonus amount is tiered, with a $50 bonus for $1,000-$4,999 in qualifying deposits within the 30-day evaluation period. SoFi credits qualifying bonuses within 14 days of the evaluation period's end. While the promotion offers significant financial incentives, potential risks include meeting the qualifying direct deposit requirements and the variable nature of interest rates, which can change at any time. The article emphasizes the ease and convenience of earning extra income through such bank bonuses, highlighting a previous year where the author earned over $6,000 from similar promotions. The account's features include no minimum balance or limits to earn interest, making it attractive to a wide range of users. The offer's expiration date is provided, urging interested parties to act quickly. Details on how to maximize the bonus, including using referral links, are explicitly explained.

(Source: https://dannydealguru.com/sofi-checking-savings-250-bonus/)