SoFi®
Checking
and
Savings
is
offered
through
SoFi
Bank,
N.A.
Additional
information
can
be
found
at http://www.bankperks.com/r.php?url=http://www.sofi.com/...king-rate-sheet
†The
following
describes
the
terms
that
apply
to
participation
in
the
SoFi
Checking
and
Savings
direct
deposit
program
[“Program”]
offered
by
SoFi
Bank,
N.A
Member
FDIC
[“SoFi”].
Eligible
Participants: All
new
members
who
open
a
SoFi
Checking
and
Savings
account
during
the
Promotion
Period
[as
defined
below]
and
all
existing
SoFi
Checking
and
Savings
customers
who
have
not
previously
set
up
direct
deposit
transactions
into
their
SoFi
Checking
and
Savings
account
as
of
the
beginning
of
the
Promotion
Period
are
eligible
for
the
Program. Members
who
previously
received
a
bonus
for
enrolling
in
direct
deposit
into
either
SoFi
Money
or
SoFi
Checking
and
Savings
do
not
qualify
for
this
promotion.
Promotion
Period: The
Program
will
be
available
from
4/5/22
12:01AM
ET
to
9/30/22
11:59PM
ET.
Bonus
Terms: In
order
to
qualify
for
eligibility
for
a
bonus,
SoFi
must
receive
at
least
one
Qualifying
Direct
Deposit
[as
defined
below]
from
an
Eligible
Participant
during
the
Promotion
Period.
The
SoFi®
Bank
Debit
Mastercard®
is
issued
by
The
Bancorp
Bank
pursuant
to
license
by
Mastercard
International
Incorporated
and
can
be
used
everywhere
Mastercard
is
accepted.
Mastercard
is
a
registered
trademark,
and
the
circles
design
is
a
trademark
of
Mastercard
International
Incorporated.
1 SoFi
members
with
direct
deposit
can
earn
up
to
2.00%
annual
percentage
yield
[APY]
interest
on
all
account
balances
in
their
Checking
and
Savings
accounts
[including
Vaults].
Members
without
direct
deposit
will
earn
1.00%
APY
on
all
account
balances
in
Checking
and
Savings
(including
Vaults).
Interest
rates
are
variable
and
subject
to
change
at
any
time.
Rate
of
2.00%
APY
is
current
as
of
08/12/2022.
No
bonuses
shall
be
paid
for
Qualifying
Direct
Deposits
of
less
than
$1,000
during
the
Evaluation
Period
[defined
below].
Evaluation
Period: The
bonus
amount
will
vary
based
on
the
total
amount
of
Qualifying
Direct
Deposits
received
during
a
30-day
period
[the
“Evaluation
Period”].
The
amount
of
the
bonus,
if
any,
is
described
below.
Qualifying
Direct
Deposits
are
defined
as
deposits
from
an
enrolled
member’s
employer,
payroll,
or
benefits
provider
via
ACH
deposit.
Deposits
that
are
not
from
an
employer
[such
as
check
deposits;
P2P
transfers
such
as
from
PayPal
or
Venmo,
etc.;
merchant
transactions
such
as
from
PayPal,
Stripe,
Square,
etc.;
and
bank
ACH
transfers
not
from
employers]
do
not
qualify
for
this
promotion.
Once
the
Evaluation
Period
has
elapsed,
we
will
determine
if
you
have
met
the
offer
requirements
and
will
deposit
any
earned
bonus
into
your
checking
account
within
14
days.
For
example,
if
you
receive
$1,000-$1,999
in
Qualifying
Direct
Deposits
in
the
Evaluation
Period,
you
will
receive
a
cash
bonus
of
$50.
A
member
may
only
qualify
for
one
bonus
tier
and
will
not
be
eligible
for
future
bonus
payments
if
inflows
subsequently
increase
beyond
the
Evaluation
Period.
Total
Qualifying
Direct
Deposit
amount
in
30-day
Evaluation
Period
Cash
Bonus
$1,000
-
$1,999
$50
$2,000-$4,999
$100
$5,000
or
more
$300