checking
SoFi $400
Checking and Savings
The top SoFi checking tier: $5,000 of eligible direct deposits in the 25 days after your first one pays $400.
Effective value after fees
$400
No monthly maintenance fee is charged, so the $400 is not reduced by one.
Exact requirements
- Same promotion as the $50 tier. You receive one amount, not both.
- First eligible direct deposit of $1 or more must arrive on or before December 31, 2026.
- If the 25-day total of eligible direct deposits is $5,000 or more, the bonus is $400.
- Payroll, pension, and government benefits can qualify. Zelle, Venmo, PayPal, bank transfers, wires, and tax refunds do not.
- Paid to checking within 7 business days. Account must be open and in good standing.
- Bonus
- $400
- Direct deposit
- $5,000 or more in eligible direct deposits during the 25 days after your first $1 deposit.
- Deposit
- No minimum balance. No monthly maintenance fee.
- Keep the account open
- Not stated as a fixed close-by date. Keep checking open through the payout.
- When the bonus posts
- Within 7 business days of completing the requirements.
- Expiration
- First eligible direct deposit by December 31, 2026. Promotion window is May 15, 2026 through that date.
- Monthly fee
- $0 account, service, or maintenance fee.
- How to waive it
- Nothing to waive for the monthly fee. Wire and instant-transfer fees can still apply.
- Early closure
- Not stated.
- Credit pull or ChexSystems
- not stated
- Where it is offered
- Availability not stated. The offer page does not list states.
- Last verified
- November 15, 2026
Fine print
One bonus per member. SoFi may ask for documentation if a payroll deposit is not recognized. Verified November 15, 2026 on SoFi's checking offer page.
Source checked November 15, 2026: https://www.sofi.com/banking/checking-offer/