This article will provide a user-friendly step-by-step guide on getting your SoFi Money referral bonus.
Are you always searching for ways to get the best bang for your buck? Of course, who isn’t?
We don’t need to tell you that making and saving more money is a never-ending quest.
So why explore the possibilities and consider a SoFi Money account referral bonus?
Whether you are already a SoFi Money customer or just curious about what this banking alternative offers, you will have all the information you need to make an informed decision by the time you finish reading our guide.
Ready to learn about one of the best banking offers around? Let’s get started!
What is SoFi Money Referral Bonus?
The SoFi Money Referral Bonus is a great way to take advantage of the referral program offered by SoFi Money.
This bonus allows you to get up to $50 when you refer a new user. To be eligible for the bonus, the new user must open an account with at least $50 and remain a customer for at least one month.
When you successfully refer someone, they will earn a signup bonus, and you will earn your referral bonus.
You’ll receive $25 when your referred user funds their first transfer with $100 or more and another $25 after being a customer for at least one month.
Referring someone to SoFi Money is easy—have them enter your unique referral link when they open their account or tell them your referral code over the phone. Once they’ve successfully signed up, you’ll both receive the bonus.
If you know anyone looking for a high-yield savings account with no fees, consider referring them to SoFi Money and helping them get started on their financial journey while earning some bonus money for yourself!
How to Get the SoFi Money Referral Bonus
Ready to get your SoFi Money referral bonus? Here’s how in three easy steps:
Step One
Create your account and get your referral link. You can do this by going to SoFi.com/Money and clicking Sign up or Log in.
Once you have completed the signup process, you will see your referral code, which you can share with friends via text, email, or social media.
Step Two
Your friends must open a SoFi Money account, deposit at least $100 within 14 days of clicking your referral link, and keep the money in the account for at least 30 days.
Both of you will be rewarded with a bonus ranging from $10 – $50 each—the more they deposit initially, the greater the reward!
Step Three
Once your friend has met all requirements, SoFi Money will deposit both bonus amounts in your accounts within 30 – 45 days. That’s it—it’s a simple way to save money together with your friends!
Creating Your SoFi Money Account
Creating your SoFi Money account is a breeze. All you need to do is follow four simple steps.
Step 1: Sign up for a SoFi Money account
Head to the SoFi Money homepage and click “Sign Up” in the screen’s upper-right corner. From there, you’ll go through a quick but secure verification process.
After you enter some information, including your full legal name, date of birth, email address, and phone number, you’ll be ready to set up your SoFi Money account.
Step 2: Add funds to your account
Once your account has been created, you’ll need to fund it with at least $1 (this amount can be lower or higher depending on how much money you want to transfer).
You can do this by linking an outside bank account or transferring money from an existing checking or savings account.
You can also set up recurring transfers so that funds are automatically added each month, which is great if you only want to add funds some of the time manually.
Step 3: Refer friends and family
Once your Sofi Money account is ready, it’s time to refer friends and family and take advantage of that sweet bonus cash!
You can do this via email referral links or share your unique promo codes with your buddies.
Just make sure that each person signs up using either the link or code sent—that way, they will qualify for the bonus, AND so will you!
Step 4: Get rewarded
Once your friends have signed up for their accounts (and have successfully funded them), both of you
How to Meet the Requirements for Referee and Referrer Bonuses
Regarding the SoFi Money Referral Bonus program, you may qualify to receive a bonus when you refer a friend who opens up their own SoFi Money account.
But, before you can get that referral bonus, both the referrer and referee must fulfill specific requirements – so let’s talk about what those are.
For starters, both the referee and referrer must first become SoFi members.
For the referee to be eligible for the bonus, they must do one of two things: either make a deposit of at least $500 or open up their account from one of their existing linked accounts with an ACH transfer of at least $500.
So for both parties to get the referral bonus, this is what has to happen:
- The referee has to open up their account with SoFi Money
- The referee must make an initial ACH transfer or deposit of at least $500
- The referrer will receive their pay-out within 30 days of when both parties have met the qualifications
Once both parties meet their requirements, they can look forward to receiving their rewards – which tend to vary depending on terms and conditions that are subject to change over time – so check those frequently!
How to Check Your Balance and Withdrawing Funds
Checking your SoFi Money balance and withdrawing funds is easy—you can do it through the SoFi mobile app or website.
When you want to withdraw money, you must ensure sufficient funds in your SoFi Money account to cover the withdrawal amount plus any applicable fees.
Here are the steps for checking your balance and withdrawing funds:
- Log in to the SoFi Money mobile app or website.
- Select “My Money” from the main menu.
- Select “Withdraw” from the main menu, enter the money you want to withdraw and hit “Continue.”
- Select a bank account from which you’d like to withdraw funds, then hit “Confirm.”
- You will receive a confirmation email when your withdrawal is processed and completed successfully, along with information about when the withdrawn funds will arrive in your bank account.
That’s it! Withdrawing funds with SoFi Money is fast, secure, and hassle-free!
Tips & Tricks for Maximising Your Sofi Money Referral Bonus
Maximizing your SoFi Money referral bonus doesn’t have to be a hassle.
Here are some great tips and tricks to help you make the most of it.
One of the best ways to maximize your SoFi Money referral bonus is to share it on social media.
Post a link to your referral code on your Facebook, Twitter, and Instagram accounts so your friends and family can access it quickly—and don’t forget to let them know why they should join!
Personalize Your Invite
Make sure your invitation stands out by personalizing it with a message showing why they should join SoFi Money.
Tell them about the unique features, such as free ATM withdrawals, no overdraft fees, and 24/7 customer support.
Set Out Reminders
Set up reminders every few weeks or months, so you remember your referral link.
You can also set up automated emails or messages to take advantage of every opportunity to share them with potential customers.
By following these simple tips and tricks, you’ll be well on your way toward maximizing your Sofi Money referral bonus in no time!
Conclusion
Taking advantage of SoFi Money’s referral bonus is a great way to get extra cash while helping your friends and family get a great financial product.
So, if you follow the simple steps highlighted above and know the terms and conditions, referring friends and family to SoFi Money can be a win-win situation.
So, start referring today and watch your account balance grow!