SoFi Referrer Bonus Increased To $100 Per Referral
Update: Yesterday SoFi reduced the referral bonus back to $50 for the referrer. This is the standard offer. The $100 offer has come back twice in the past 4-5 weeks but it is unclear at this time if it will come back again any time soon.
I have spilled a lot of digital ink on SoFi Money the last few weeks. It is a great program that offers a lightning quick bonus offer. I even ran some tests and put it up against the Charles Schwab debit card, a favorite among travelers, and SoFi came out on top. Well they have now increased the bonus for referrers. So it is time to turn this good bonus offer into a great one!
How To Turn This Bonus Into A Money Making Machine
Once you sign up for the account and fund it with $100 you should get a $50 bonus. Then get everyone you know to sign up using your referral. Your spouse, parents, kids etc. You will get $100 for each of them and they will get a $50 bonus as well! If you have 5 people in your life you can get to do it that is $550 in your SoFi account for depositing $100. And now you also have the best debit card for traveling out there.
Don’t stop there – jump on the investing bonus train too! Sign up for SoFi Investing and get a $50 stock of your choice for adding $100. The best part is this $100 can come from your SoFi Money account! There is no need to invest the $100 you just need to deposit it into your account. Then refer those same 5 friends for the investing and you get another $250 in bonuses! At the end of the day you have $800 sitting there for getting 5 people to sign up. Now you can take those 5 people out for dinner and drinks 😉.
The investing offer ends at the end of the month. I am not sure how long the $100 referrer offer will last though.
It really is as easy as it sounds. You can rack up some serious profit here and you get an amazing SoFi Money account on top of that. No fees for the account or ATM withdraws, 1.6% interest (updated 10/1/19) and near instant ATM fee refunds. All of this without a hard pull!
Quit sitting on the sideline and get in the game…the only thing you are hurting by not playing is your bank!