Last Updated: September 17, 2026
Welcome to SoFi!
This Terms of Use Agreement (this “Agreement”) sets forth the terms and conditions that apply to your access and use of the online functions, products, and services made available to you by Social Finance, LLC and any and all of its subsidiaries and affiliates.
You can access SoFi products and services through our SoFi website (located at www.sofi.com) and the SoFi mobile application (the “SoFi App”). SoFi may also offer phone, email, and additional websites that allow you to access SoFi products and services. All of these channels are referred to collectively in this Agreement as the “SoFi Site.”
Through the SoFi Site you may access many different products and services offered by Social Finance, LLC and its affiliated companies, including but not limited to: SoFi Bank, National Association, SoFi Lending Corp., SoFi Securities LLC, SoFi Wealth LLC, SoFi Credit LLC, SoFi Digital Assets, LLC, and Social Finance Life Insurance Agency, LLC. We use the name “SoFi” to refer to any and all of the companies affiliated with Social Finance, LLC You may access more information about each SoFi company through the Legal page on the SoFi Site. SoFi may add new operating companies from time to time to offer additional products and services.
To use the SoFi Site and to obtain any SoFi product or service, you must agree to SoFi’s E-Sign Agreement, which means your acceptance of this Terms of Use Agreement and all other agreements with SoFi, such as our GLBA Privacy Notice and Arbitration Agreement, are effective and binding on you just as if you had signed the document with pen and ink, and you agree all communication with you related to SoFi and any SoFi product or service may be in electronic form.
Your acceptance of this Terms of Use Agreement is required to use the SoFi Site and to obtain any product or service offered on the SoFi Site. By using the SoFi Site to obtain any SoFi product or service, you agree to be bound by this Terms of Use Agreement just as if you have signed the document with pen and ink.
If you do not wish to be bound by this Terms of Use Agreement, then do not access or use the SoFi website or mobile application, do not click “accept” to register with SoFi, and do not submit any account application, loan inquiry, loan request, or other product request. Taking any of these actions means you agree to this Terms of Use Agreement just as if you had signed it with pen and paper.
You may only accept this Agreement and use the SoFi Site if you are legally authorized to accept and be bound by these terms and of a legal age to enter this Agreement.
If you have questions or comments about these Terms of Use, please contact SoFi Customer Support at 1-855-456-7634.
Please note this Terms of Use Agreement contains General Terms applicable to all users PLUS sections with terms that apply to you if you use specific SoFi products and services.
II. SPECIFIC ADDITIONAL TERMS AND CONDITIONS
If you use ANY of the following SoFi products or services, please read the terms applicable to each — these terms apply to you.
2. SoFi Coach (Financial Chat, Insights, and Tools)
4. At Work Services (If you reach SoFi through your Employer)
8. SoFi Member Rewards Program
9. SoFi Insurance Agency Services (Protect)
1. Changes to this Agreement. SoFi may change this Terms of Use Agreement from time to time by posting a current version on the SoFi website without delivering any notice to you. Please review the current version of this Terms of Use on the SoFi Site from time to time, because your continued access or use of the SoFi Site shall be deemed your acceptance of the Terms of Use in place at that time.
2. Additional Product or Account Agreements. To obtain certain SoFi products and services you might be required to enter into additional agreements with SoFi. For example, using SoFi Wealth’s investment advisory services requires you to enter an additional customer agreement. You will be subject to this Terms of Use Agreement and any other agreements you enter with SoFi.
3. The material provided on the SoFi website, including the information and any images incorporated in the site, is for your personal private non-commercial use only. You may not modify, republish, post or transmit anything you obtain from this website, including anything you download from the site, unless you first obtain consent of SoFi. You agree not to engage in systematic retrieval of data or other content from the SoFi Site.
4. You may not create any kind of link or hyperlink from any other site to the SoFi Site unless you first obtain our permission.
5. Risks of using the SoFi Site. Conducting financial transactions through online services such as SoFi has inherent risks. By using the SoFi Site and online services, you agree to and accept the following:
• Online information transmission can be disrupted. You accept the risk the SoFi Site could be affected by technical difficulties that impair your ability to obtain, view, or deliver information or execute a transaction, including in time sensitive transactions such as securities trades, payments, or cash management.
• You must confirm any transaction (such as a submission of information or a trade request) attempted online before relying on it being completed. It is your responsibility to verify the status of any attempted transaction by reviewing your accounts or contacting SoFi Customer Support at 1-855-456-7634.
• When you create an account, you agree to use a username with a password that is complex, secure, and private. You agree to protect your log-in credentials. You agree to accept the risk of unauthorized access and use of your account if your credentials are guessed, stolen, intercepted, or if SoFi’s system is breached or used without proper authorization. If you learn of any unauthorized use of your password or account, you must contact us immediately (using contact information on our SoFi Site). SoFi is not responsible for any unauthorized access to or use of your account.
• SoFi’s obligation is to use reasonable information security measures, and you acknowledge and agree that SoFi’s systems are not 100% secure against every possible attack.
6. Privacy. If you use or obtain any SoFi product or service, SoFi will collect information about you and use it and share it according to SoFi’s Online Privacy Policy and GLBA Privacy Notice.
Please read SoFi’s Privacy Policy and Privacy Notice for a full description of how SoFi will collect, use and share information about you. You may view these documents through the links in this provision or on the SoFi Site at the Privacy Policy page. This Terms of Use does not limit the application of the SoFi Privacy Policy or Privacy Notice.
5. Communicating with you. You give permission to SoFi to contact you as follows:
Registration & Accounts. You agree that SoFi may contact you about any matter relating to your activity with, any inquiry submitted to, or any account or product you have with SoFi.
Marketing. You agree that SoFi may contact you to tell you about and to offer products or services we believe might be of interest to you.
You agree that SoFi may use agents or representatives to contact you on our behalf.
Phone, SMS, Autodialers. You agree that SoFi may contact you through any means, including emails, telephone, SMS messages (including text messages), calls using pre-recorded messages or artificial voice, and calls and messages delivered using automatic telephone dialing systems (auto-dialer) or an automatic chatbot or texting system. SoFi and its agent or representative may leave messages on your answering machine, voice mail, or send messages via text or chatbot.
Marketing SMS: You may receive text messages from SoFi. By opting in to SoFi Marketing via SMS, you will receive marketing and promotional messages for products and services from SoFi. When a subscriber texts STOP to 410531, we will send a final SMS message to confirm that you have been unsubscribed. After that final message, you will no longer receive SMS messages from us unless you re-enroll in the SMS program. If you require help or assistance with your SMS messages, you can text “HELP” for additional information, or reach out directly at (855) 456-7634. Carriers are not responsible for delayed or undelivered messages. Message and data rates may apply for any messages sent or received. Message frequency varies. For more information, please review our Privacy Policy. Data obtained through the Marketing SMS program will not be shared with any third parties for their marketing reasons/purposes.
Recorded phone and other interactions. You agree that SoFi and our agents, representatives, affiliates or anyone calling or contacting you on our behalf may contact you on a recorded line or recorded messaging service, including via an automated chatbot. Your communications with SoFi may be monitored, recorded or reviewed by us and shared with our third-party providers for quality assurance and customer service purposes. Your use of the SoFi Site constitutes your consent to such monitoring, recording and review. We may also use third party tools or technology to monitor user experience on our Site. These tools automatically record information you provide to use on our Site and information about how you interact with our Site, including pages or links you click, videos you watch, mouse clicks and movements and page scrolling. We use this information for analytics and to improve Site usability as well as enhance the effectiveness of our Site, offers, advertising, communications and customer service. Please see our Privacy Policy for more information.
Accurate numbers. You certify telephone numbers that you have provided to us are your contact numbers and that you are permitted to receive calls at each of the telephone numbers you have provided to us. You agree to promptly alert us whenever you stop using a particular telephone number. We may contact you using any information you have provided to SoFi or any of its affiliates, at any telephone number, or any physical, email, or electronic address you provide or at which you may be reached.
Push-Notifications/Alerts. You may select for SoFi to send you messages called “Alerts” by text or phone. Alerts may be delayed or prevented by factor(s) affecting your internet/phone provider or other relevant entities. SoFi is not liable for losses or damages arising from non-delivery, delayed delivery, or the erroneous delivery of any Alert, or inaccurate Alert content. You are responsible for your use or reliance on the contents of any Alert for any purposes. The information in any Alert may be subject to certain delays. Each Alert may not be encrypted and may include your name and information pertaining to your account(s). SoFi may terminate your use of Alerts at any time without notice. You may choose to discontinue receiving Alerts by updating your SoFi App Notifications preferences.
SMS Notifications. All SMS Notifications (texts and emails from us to you will be considered to be in writing.
Capability to view messages. In order to access, view, and retain SMS Notifications that we make available to you, you must have: (i) a SMS-capable mobile phone, (ii) an active mobile phone account with a communication service provider; and (iii) sufficient storage capacity on your mobile phone.
You are responsible for messaging Costs. SOFI MAY USE ANY MEANS OF COMMUNICATION TO REACH YOU EVEN IF YOU WILL INCUR COSTS TO RECEIVE SUCH MESSAGES, INCLUDING PHONE, TEXT, E-MAILS OR OTHER MEANS. You are responsible for any and all charges, including but not limited to, fees associated with text messaging, imposed by your communications service provider. Please consult your mobile service carrier’s pricing plan to determine the charges for sending and receiving text messages. These charges will appear on your phone bill. Message frequency depends on account status or settings. We may modify or terminate our text messaging services from time to time, for any reason, and without notice, including the right to terminate text messaging with or without notice, without liability to you.
6. SoFi SMS Two-Factor Authentication Program
SoFi may send you a two-factor authentication code messages. This is intended to support your secure access but is not guaranteed to provide you account security.
(a) You can cancel the SMS service at any time. Just text “STOP” to the short code. After you send the SMS message “STOP” to us, we will send you an SMS message to confirm that you have been unsubscribed. After this, you will no longer receive SMS messages from us. If you want to join again, just sign up as you did the first time and we will start sending SMS messages to you again.
(b) If you experience issues with the messaging program you can reply with the keyword HELP for more assistance, or you can get help directly at 1-855-456-SOFI (7634).
(c) You might incur message and data fees for any messages sent to you from us and to us from you. You will receive at least one message per authentication attempt. If you have any questions about your text plan or data plan, contact your wireless provider.
If you have any questions regarding privacy, please read our privacy policy: https://www.sofi.com/online-privacy-policy/.
7. Loan Inquiries and Submissions. If you submit an inquiry or request to SoFi for a loan, credit card, or other product that relies on credit, you authorize SoFi to obtain your credit report from a credit reporting agency and to use the information according to SoFi’s Privacy Policy, including to advertise products and services to you. Your authorization in this Agreement is in addition to: (i) terms you accept at the time you submit a loan inquiry, (ii) terms in any loan application, and (iii) terms in loan documents if you obtain a loan. You agree you will provide current, complete, and accurate information about yourself and any co-borrowers or co-signers. If any information you provide is untrue, inaccurate, not current, or incomplete, SoFi has the right to terminate your submission and to decline to provide any and all future use of the SoFi Site. At all times we reserve the right to decline any loan submission or application for a loan.
8. You are Responsible for Your Financial Decisions. You are responsible for all financial decisions you make on the SoFi Site or based upon information you obtain on the SoFi Site. SoFi’s products and services are offered to you upon the express condition that you will fully evaluate your own financial circumstances, the terms of the products and services, are fully responsible for your own financial decisions. Only you can consider your financial situation and circumstances. You agree to pursue a SoFi product or service only after you have determined it is right for you.
In the event you would like to obtain financial guidance or advice, you may enter an advisory relationship with a financial advisor, including SoFi Wealth, LLC. Unless you have entered into an advisory agreement with SoFi Wealth, you agree that:
• SoFi has NOT reviewed your financial situation, SoFi does not attempt to understand your full financial situation, and SoFi will not attempt to select offers, products, or services that are suitable for you.
• You must make decisions about whether SoFi products are right for you.
• Before making any financial decisions, you should always consider obtaining information and advice from a certified financial advisor who is aware of your individual circumstances.
9. Investments. SoFi offers you the opportunity to reach SoFi Invest through the SoFi Site and App. SoFi Invest is offered by SoFi Securities, LLC, and you must enter an additional customer agreement with SoFi Securities, LLC. ALL INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE.
AI-Assisted Brokerage Orders. SoFi Coach is an AI-enabled tool provided by Social Finance, LLC. Coach may use first-person language, including “I” or “me,” in its responses. Those references refer to Coach and not to SoFi Securities LLC or a human financial professional. Coach can show you an investment order card provided by SoFi Securities LLC, after you request a specific transaction. A prompt or Coach response is not an order and does not authorize a trade. SoFi Securities LLC provides the separate order-review card, and only your affirmative confirmation of the exact terms displayed in that card authorizes submission of your self-directed order. AI-generated investment content outside the order card is not provided or endorsed by SoFi Securities and is not a SoFi Securities recommendation. Brokerage orders are governed by the SoFi Securities Customer Agreement.
10. SoFi’s Limitation of Liability. You agree that all access and use of the SoFi Site and your use of SoFi products and services is at your own risk. In no event shall SoFi (and all related parties) be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising or in connection with use of the SoFi Site. In addition, you agree:
• SoFi will not be responsible if you are unable to use the SoFi Site or any linked site, or in the event of any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if SoFi, or representatives thereof, are advised of the possibility of such damages, losses or expenses.
• SoFi will not be responsible or liable to you in any way if information is intercepted by an unauthorized person, either in transit or at your place of business.
• SoFi will have no liability to you for any unauthorized payment or transfer made using your passcode that occurs before you have notified us of possible unauthorized use and we have had a reasonable opportunity to act on that notice.
• SoFi may suspend or cancel your passcode even without receiving such notice from you, if we suspect your passcode is being used in an unauthorized or fraudulent manner.
• SoFi shall have no liability to you for any losses, financial or otherwise, suffered by you arising out of or resulting from compatibility or inoperability problems of the website, your computer device, or your failure to confirm any attempted transaction.
11. SoFi may suspend your Account and your use of the Site. SoFi reserves the right to suspend, cancel, or terminate your use of the SoFi Site and any SoFi product or service if we believe you are using it for a purpose that is unauthorized, improper, illegal, or that could harm SoFi or SoFi’s reputation. SoFi may determine in our sole discretion the activities that could lead to such suspension or cancellation. You agree that you will not use any device, software or routine to interfere or attempt to interfere with the proper working of the SoFi Site or any transaction being conducted on the SoFi Site.
12. Site Changes. SoFi reserves the right to change or modify or discontinue the SoFi Site, or any features or functions on the SoFi Site, for any reason, at our sole discretion, without notice to you.
13. Agreement Duration and Termination. This Terms of Use Agreement will continue to apply to you and your use of the SoFi Site until your SoFi account or relationship is terminated as set forth herein. SoFi may, in its sole and absolute discretion, at any time, for any or no reason, and with or without prior notice, suspend or terminate your use of the SoFi Site and the rights afforded to you hereunder. If you fail to comply with any terms and conditions of this Agreement, then your access to the SoFi Site and any rights afforded to you may be automatically terminated, without any notice to you or other action by SoFi.
You agree that SoFi will not be liable to you or any third party for any termination of your account or access.
If you want to deactivate or delete your SoFi account, please see our FAQs page. You agree that even if you seek to terminate this Agreement, SoFi may be obligated by law to retain information about you and certain transactions.
14. Advertisements and Promotions. The SoFi Site may contain promotions for products and services of other companies. In many cases these companies pay marketing fees to SoFi. SoFi’s promotions of other companies’ products is an introduction for you and is not an endorsement of any other company’s services or products. SoFi disclaims any liability for any products offered by any other company.
15. Links to External Sites. External sites with links on SoFi’s Site often have Terms of Use, Privacy Policies, and security practices that are different from those of SoFi. It is your responsibility to read and understand those documents before agreeing to use the external site.
16. Indemnification. You shall indemnify, defend and hold harmless SoFi and its affiliates, partners, suppliers and licensors, and each of their respective officers, directors, agents and employees (the “Indemnified Parties”) from and against any claim, proceeding, loss, damage, fine, penalty, interest and expense (including, without limitation, fees for attorneys and other professional advisors) arising out of or in connection with the following: (i) your access to or use of the SoFi Site or App; (ii) your breach of the License to use the SoFi Site and App; (iii) your violation of law in connection with this License; (iv) your negligence or willful misconduct in connection with this License; or (v) your violation of the rights of a third party, including the infringement by you of any intellectual property or misappropriation of any proprietary right or trade secret of any person or entity. These obligations will survive any termination of this Agreement or the App License.
17. Applicable Law. These Terms of Use and the License shall be governed in all respects by the substantive laws of the State of California, without regard to its provisions relating to conflict of laws. You agree to submit to the personal and exclusive jurisdiction and venue of the state and federal courts located within San Francisco County, California. The failure of SoFi to exercise or enforce any right or provision of the Terms of Use shall not constitute a waiver of such right or provision. If any provision of the Terms of Use or the License is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision, and the other provisions of the Terms of Use or the License remain in full force and effect. You agree that regardless of any statute, regulation, or law to the contrary, any claim or cause of action you may have arising out of or related to use of the SoFi Site, the SoFi App, or these Terms of Use must be filed within one (1) year after such claim or cause of action arose or be forever barred.
18. Compliance with Applicable Law. You agree to abide by all applicable local, state, national, and international laws and regulations in your use of the SoFi Site. The SoFi Site is available only to individuals who are permitted to use it under applicable law. The SoFi Site is made available only for personal, non-commercial use and display by U.S. residents legally capable of entering commercial agreements. If you do not qualify, do not use the SoFi Site. You agree to comply with all applicable laws, rules and regulations regarding the export of technical data from the U.S. You agree: (i) You are solely responsible for your actions and the contents of your transmissions through the SoFi Site. (ii) You will not impersonate any person or entity or falsely state or otherwise misrepresent your identity or affiliation with a person or entity. (iii) You possess the legal right and ability to enter into these Terms of Use and the License and to use the SoFi Site. Unauthorized use of this SoFi Site, including but not limited to unauthorized entry into SoFi’s systems, misuse of passwords, or misuse of any information posted on a site, is strictly prohibited.
19. No Warranty. SoFi does not warrant the accuracy, adequacy or completeness of the information provided on the SoFi Site and expressly disclaims liability for any errors or omissions in such information. No warranty of any kind, implied, expressed or statutory including but not limited to the warranties of non-infringement of third party rights, title, merchantability, fitness for a particular purpose and freedom from computer virus, is given in conjunction with the information. Calculators and tools on the SoFi Site provide you with ESTIMATES that may be different than actual amounts.
20. Copyright. SoFi Technologies, Inc. owns the copyright in all of the information and material contained on the SoFi Site. The contents of the SoFi Site, including its “look and feel” (e.g., text, graphics, images, logos, and button icons), editorial content, notices, software (including html-based computer programs), and other material are protected under both United States and foreign copyright, patent, trademark, and other laws. You agree not to reproduce, duplicate, copy, sell, resell, use or exploit for any commercial purposes, the SoFi Site, or use of or access to the SoFi Site, or any information or technology obtained from the SoFi Site, including, but not limited to, SoFi’s trademarks.
This Terms of Use Agreement includes both the General Terms and Conditions above and additional product specific Terms and Conditions below. If you use any of the following Services, the terms below apply to you in addition to the General Terms and Conditions above:
1. Connected Accounts. SoFi offers products and services that allow you to “connect” or “link” external accounts, such as a bank account, a loan, or a credit card account held at another institution (we refer to such accounts as a “Connected Account”).
You agree to the following terms and conditions when you connect an account at another institution:
• SoFi will obtain your account information. If you connect an external account to SoFi, SoFi may obtain any and all information from the Connected Accounts. The specific information SoFi obtains may vary by institution and account type. You should assume SoFi will obtain from the account any information that is available to you. For example, if you connect a bank account to SoFi Coach (described below), SoFi can collect any information from the account, including balance and transaction information, such as amount of payments, debits, and deposits. If you connect a loan account at an external institution, SoFi can collect loan balance, interest rate on the loan, and your payment history.
• Use of Connected Information. If you elect to connect an account through any SoFi service, SoFi may use the information from the connected account for any purpose permitted by SoFi’s Privacy Policies, including use of the information to identify products and services that may be of interest to you, sharing information with affiliated companies to offer products and services to you, and identifying if you would be likely to be eligible for certain products and services.
• Use of Plaid Services. To connect an account, SoFi requires you to use a service offered by Plaid Inc. (“Plaid”). By using this Service, you acknowledge and agree that Plaid’s Privacy Policy will govern Plaid’s use of information it collects about you or that you provide to Plaid, and you expressly agree to the terms and conditions of Plaid’s Privacy Policy. Further, you expressly grant Plaid the right, power, and authority to access and transmit your information as reasonably necessary for Plaid to provide the Services to you.
• Use of Aggregator Services such as Plaid. To connect an account , SoFi may require you to use a service offered by a data aggregator, such as Plaid Inc. (“Plaid”). By using this Service, you acknowledge and agree that the privacy policy of the aggregator (such as Plaid’s Privacy Policy) will govern the aggregator’s use of information it collects about you or that you provide to the aggregator. You expressly grant to the aggregator (such as Plaid) the right, power, and authority to access and transmit your information as reasonably necessary to provide the selected services to you.
• To obtain information from Connected Account, SoFi Acts as Your Agent. If you elect to connect an external account to SoFi, SoFi will connect to the account and obtain information at your direction and as your agent. SoFi does not warrant that the information obtained from the external account is accurate, complete, or non-infringing.
2. SoFi Coach – Personalized financial chat, insights, tracking, and tools. (Coach was formerly titled “SoFi Relay”)
SoFi Coach offers financial insights and personal tools to view, aggregate, and manage your information from multiple accounts. The information compiled includes accounts held at SoFi and that you might have connected from external financial institutions, such as a bank account or a loan serviced by another institution. SoFi offers these tools under the product name brand of “SoFi Coach.” If you elect to connect an external account in SoFi Coach, you authorize SoFi to obtain information from the Connected Account external account and use it as described above in the section (“Connected Accounts”). SoFi Coach tools are intended to only provide organizational and informational services regarding your finances. The SoFi Coach tools and services are not intended to provide any financial planning, investment, tax, or retirement planning services or advice. SoFi does NOT undertake any review of your account information to provide you with any advice or guidance. SoFi does not make any determination about the suitability or appropriateness of any transactions you might undertake at SoFi or elsewhere. If you elect to use SoFi Coach, you are fully and solely responsible for your accounts and agree SoFi’s only role is to present and use information for you to review.
Use of artificial intelligence in SoFi Coach. Responses may be generated by artificial intelligence (“AI”). If you require customer support, a live support agent may be available.
AI-generated responses may be incorrect, incomplete, or inconsistent with information available in your account. You agree to verify important details and not rely on SoFi Coach for financial, legal, investment, tax, or other professional advice. SoFi Coach suggestions should not be treated as advice or recommendations, and you agree to not make any financial decisions based solely on SoFi Coach responses.
SoFi may review your interactions with Coach to improve accuracy, safety, and performance of our systems.
Your use of SoFi Coach means you accept these terms and is also subject to the SoFi Terms of Use and Privacy Policy.
3. Credit Score Monitoring. If you use SoFi’s Credit Score Monitoring service, the following terms and conditions also apply to you.
SoFi offers you the opportunity to obtain your credit score from a single credit reporting agency for the purpose of allowing you to monitor your credit score. Obtaining the service also enables SoFi to offer you additional tools and insights related to your credit information. When you elect to use Credit Score Monitoring, you agree to the following terms and conditions:
• You authorize and instruct SoFi to obtain your full credit reporting information from a credit reporting agency on a regular recurring basis (e.g., weekly) until such time that you terminate the Credit Score Monitoring. SoFi reserves the right to pause Credit Score Monitoring after a period of inactivity. If you return and log in again, we’ll automatically restart the service. Please see FAQs for the process to terminate the service. If your credit score monitoring is paused, rewards points associated with credit score increase will also be paused.
• SoFi’s service includes presenting your credit score and other elements in your credit report to you. SoFi does NOT undertake any responsibility to monitor your credit report for activity, identify theft, or any other actions. SoFi’s service enables YOU to monitor your credit score.
• The credit score obtained by SoFi and presented to you is for your own use and for your education.
• The credit score is obtained from a single credit reporting agency and may be different from the credit reporting information used by other institutions or lenders or creditors.
• If SoFi provides any simulations or hypothetical estimates of credit score changes, these are for educational purposes only and are not a guarantee of any outcome.
• SoFi will obtain and keep your credit reporting information and use it for the purposes permitted in SoFi’s Privacy Notice. SoFi’s uses of your information may include:
• SoFi may use your credit information to serve targeted advertisements to you and other communication based on your information.
• SoFi may present offers to you for other SoFi products and services using your credit information to identify if you are likely to be eligible or interested.
• SoFi may use your credit information for statistical analysis to improve SoFi products and services.
• You may obtain your own credit report without using SoFi. You have the right to a free credit report from the website AnnualCreditReport.com or by calling (877)322-8228.
• SoFi is not a credit reporting agency or a credit repair company. SoFi does not and will not undertake any credit repair on your behalf. To the extent SoFi offers you any suggestions regarding improving credit scores or any simulation of your score based upon assumptions, such information is for your education and consideration, and is not intended to be financial advice.
4. SoFi AtWork Customer Agreement. If you reach SoFi through your employer or a link on your employer’s site and you proceed to use SoFi, you agree to and accept this AtWork Customer Agreement in addition to any other terms and conditions or agreements applicable to use of SoFi. If you do not wish to accept this Agreement, please inform your employer to remove you from the list of participating employees immediately and do not use the SoFi Site. f you are using SoFi to receive contributions from your Employer, you agree to the following terms:
1. Your employer has engaged SoFi to assist your employer obtain information to make a contribution to your student loan account. The contribution is made by your employer to you. SoFi’s role is only to assist you in delivering your loan information to your employer.
2. You agree to enroll only student loans that are Qualified Education Loans as defined by the IRS in the Internal Revenue Code Section 221(d)). By enrolling a loan, you attest that the loan was: (a) used solely and only for the cost of attendance and did not exceed the cost of attendance, (b) at an approved Title IV school, (c) that you attended at least half time, and (d) that the loan was for you or your dependent’s cost of attendance.
3. You will not enroll a delinquent loan unless directed to do so by your employer.
4. Your employer’s contribution does not reduce your monthly minimum loan payment and is an additional payment intended to help you pay off your loan. You must continue to make your required minimum monthly payment or confirm the amount due.
5. You are responsible for confirming the amount contributed to your loan through your lender. You agree to check your loan account to confirm your employer’s contributions are correctly received.
6. You are responsible for assuring your employer contributes the correct amount to your loan. SoFi is not responsible for verifying that you receive the correct contribution amount.
7. You must notify SoFi or your employer immediately if you notice or have reason to believe funds are not delivered correctly to your external accounts.
8. Sharing your information. You authorize SoFi to receive information about you from your employer as necessary in order to facilitate your participation in the employer’s program. You authorize SoFi to deliver to your employer information about you and your loan, including the amount and timing of your loan payments, so that your employer may deliver contributions to the account you have designated.
9. By making services available to you, SoFi is NOT a fiduciary to you. SoFi is not providing any retirement benefits or any employment benefits.
5. Customer Agreement for SoFi’s Lantern / Marketplace Services
SoFi offers users the opportunity to obtain information about loans and loan-related products from other financial services companies or lenders. In this Agreement we refer to this service as Marketplace Services, even though in some places we may brand it as “Lantern.”
All SoFi Marketplace services are provided to you by SoFi Lending Corp. (SLC) or an SLC affiliate. SLC is licensed as set forth on our Licensing page.
When you use SoFi’s Marketplace, SoFi is providing a marketing service to the Participating Lenders to present information to you. SoFi is not involved in reviewing your information for eligibility for a loan or in any decision, and SoFi is not a loan broker. SoFi is a venue for you to connect with lenders for potential products they offer, and we only present information of lenders who agree to promote their products through SoFi.
SoFi will be paid a marketing fee from lenders and/or from MoneyLion or Quinstreet who manage the lender network. The fee to SoFi may be paid based on various events, including when you connect with the lender and when you obtain a loan, including as a percentage of any loan you obtain. SoFi’s compensation from the lender may affect SoFi’s selection of lenders to participate and the presentation of lender information to you.
6. Additional Terms for the use of the SoFi Application for Mobile Devices
License to use the SoFi App. You may download the SoFi App that operates on certain devices, such as mobile devices, from an “App Store” (such as Apple App Store or Google Play). All terms, agreements, limitations, and disclosures that apply to your use of the SoFi Site also apply to your use of the SoFi App. You are responsible for any data access or wireless or internet charges of your mobile device service provider. SoFi does not make any representation or warranty that all aspects of the SoFi Site are rendered or operable on the SoFi App, and we do not warrant that the SoFi App will be compatible with your mobile device. You agree that your functional use of the SoFi App may be affected by or dependent on your wireless connection and speed or your wireless service provider. The functionality of the SoFi App could become disabled during times of poor connections or speeds from your wireless or internet service provider while conducting financial transactions. By using the SoFi App, you agree to the following terms:
a. The SoFi App is licensed, not sold, to you by Social Finance, LLC for use strictly in accordance with the Terms of Use. Upon downloading the SoFi App, SoFi grants you a personal, revocable, non-exclusive, non-transferable limited license to install and use the SoFi App on your mobile device to access and use the Services for your personal, non-commercial use and display strictly in accordance with this license, your Account Agreements, these Terms of Use and any applicable Usage Rules (the “License”).
b. You agree that you will not (i) decompile, reverse engineer, disassemble, attempt to derive the source code of, or decrypt the SoFi App; (ii) make any modification, adaptation, improvement, enhancement, translation, copy or derivative work from the SoFi App; (iii) violate any applicable laws, rules or regulations in connection with your access or use of the SoFi App; (iv) remove, alter or obscure any proprietary notice (including any notice of copyright or trademark) of SoFi or its affiliates, partners, suppliers or the licensors of the SoFi App; or (iv) create, design, engineer or use any “bot” or other technology in connection with the SoFi App.
c. You acknowledge and agree that the SoFi App and all copyrights, patents, trademarks, trade secrets and other intellectual property rights associated therewith are owned by SoFi or its affiliates, agents or licensors, as applicable. All rights, title, and interest in and to the SoFi App are reserved by SoFi and its affiliates, agents, or licensors, as applicable. All trademarks (including logos, service marks, trade names and icons), copyrights, patents, trade secrets, content, publicity rights, and other intellectual property (collectively, the “Intellectual Property”) are proprietary to SoFi, its affiliates, agents, or licensors. You may not remove any proprietary notices, including, but not limited to, copyright and trademark notices, from the SoFi App or alter, obscure or modify such notices in any way. Except as expressly stated in this license, you are not granted any intellectual property rights in or to the SoFi App by implication, estoppel or other legal theory, and all rights in and to the App not expressly granted in this License are hereby reserved and retained by SoFi.
d. You acknowledge and agree that, in the event of a third-party claim that the App infringes any third party’s intellectual property rights caused by or arising out of your use of the SoFi App, you (and not SoFi or any third-party mobile device service provider or app venue) shall be solely responsible for the investigation, defense, settlement and discharge of any intellectual property infringement claim or suit, any third-party claims or any other harm or damages caused by, arising out of or resulting from your use of or access to the SoFi App. You hereby release SoFi and its employees, officers, directors, affiliates, agents and licensors from any and all liability caused by, arising out of or resulting from your use of the SoFi App or the services, including from product liability claims or any claim that the SoFi App fails to conform to any legal or regulatory requirement. You will, however, promptly notify SoFi in writing of any such claim.
e. If you believe that material on our SoFi App violates your copyright, please contact SoFi Customer Support at 1-855-456-7634 for instructions on submitting a copyright infringement notice. SoFi will respond to all copyright infringement notices that it receives and respond appropriately by removing infringing material if necessary. If a member repeatedly infringes upon copyrights, his or her account may be subject to termination at SoFi’s discretion.
f. You may not rent, lease, lend, sublicense or transfer the App, this License or any of the rights granted hereunder. Any attempted transfer in contravention of this provision shall be null and void and of no force or effect.
g. Export Control. You may not use or otherwise export or re-export the mobile Application except as authorized by United States law and the laws of the jurisdiction(s) in which the Application was obtained. You represent and warrant that you are not: (i) located in any country that is subject to a U.S. Government embargo, or that has been designated by the U.S. Government as a “terrorist supporting” country, or (ii) listed on any U.S. Government list of prohibited or restricted parties including the Treasury Department’s list of Specially Designated Nationals or the U.S. Department of Commerce Denied Person’s List or Entity List. You also agree that you will not use the Application for any purposes prohibited by United States law.
7. SoFi’s Referral Program
Last Updated: Jan 23, 2026
The following describes the terms of service which apply to participation in the referral or account opening promotional programs (collectively, the “Referral Programs”) currently offered by Social Finance, LLC (“SoFi”) and its affiliates. If you (the “Referrer”) wish to participate in any Referral Program described below, you agree to the Official Rules, which apply to all Referral Programs, and to the terms for each Referral Program Terms described below.
Please note that any person whom you’d like to refer must use your specific product referral link in accordance with the terms and conditions associated with the specific promotional campaign for that link. Note you have separate referral links for (1) Personal Loans and Student Loans, (2) Checking and Savings accounts, (3) Invest products, or (4) Credit Score Monitoring. Only one referral reward and one welcome bonus per new customer per product if the promotional campaign rules are met, with the exception of referrals for new closed end unsecured installment loans. You will not receive multiple referral bonuses for the same person taking advantage of multiple promotions, nor will those referred receive multiple welcome bonuses for taking advantage of multiple promotions unless they are for a new closed end unsecured installment loan that they have not previously obtained. You will receive an additional referral bonus for the same person funding a new personal loan, new student loan refinance or new private student loan, provided the person applies through the specific product’s referral link and has not previously obtained that type of closed end unsecured lending product.
By participating in the Referral Program, you agree to the following conduct and content standards:
• By clicking “Share Link” and sharing your referral link via text message, you agree that before texting your referral link to any contact in Washington State, you have obtained that Referee’s express consent to receive promotional messages about SoFi’s products and services.
• You agree not to distribute a Referral Link or otherwise solicit anyone through mass email.
• You will clearly and conspicuously disclose your material connection to SoFi in any referral communication. This includes stating the specific benefit or compensation you will receive.
• Any statements made regarding your experience with SoFi must be truthful, accurate, and based on your actual personal use of the product. If you mention specific results, such as savings or earnings, you must qualify that such results are not guaranteed nor representative of all experiences. You are strictly prohibited from making guarantees regarding the outcomes of use, or the approval of, any SoFi product or service.
• You agree to use only current, accurate facts as stated on SoFi’s official webpages. You are prohibited from discussing or summarizing specific interest rates, APYs, fees, or promotional fine print, as these are subject to change. Instead, you must direct all potential Referees to SoFi’s official webpages for current rate and fee information.
• You shall not make any claims that SoFi itself could not legally substantiate, including but not limited to “guaranteed approval,” “best rates available,” or similar claims.
• You will not use SoFi’s logo, trademarks, or any other brand creative in connection with the Referral Program unless those assets were provided directly by SoFi for the express purpose of this referral promotion.
• If sharing a referral link via social media, you agree to comply with all relevant advertising and disclosure rules of the respective platform(s), including the use of any required “Paid Partnership” or “Ad” tags.
SoFi reserves the right to review, investigate, and disqualify anyone from participation in the SoFi Referral Program at any time, and reserves the right to not honor any referral which in our sole discretion was solicited in a manner inconsistent with the spirit or terms and conditions of the SoFi Referral Program.
Furthermore, SoFi reserves the right to seek reimbursement from any customer of amounts paid as Referral Bonuses to customers who violate the terms and conditions of the referral program. Please note that in certain circumstances the deduction of such amounts from their account may result in a negative balance.
If account funding is required to meet referral bonus payout eligibility, P2P transfers or proceeds of a reward, promotion or similar program are not eligible methods of funding.
To protect the privacy of those you refer, referral prospect account information or eligibility is not, under any circumstances, permitted to be shared with the Referrer.
Employee Referral Program
Employees of Social Finance, LLC and its subsidiaries/affiliates in the United States are eligible to receive Referral Bonuses as applicable for any SoFi product with a Referral Program, except that SoFi employees are ineligible for Referral Bonuses for SoFi Invest products.
Employee Referrals are subject to the Referral Program Official Rules, the Bank Referral Program Terms and Conditions, the Loan Referral Program Terms and Conditions, the Credit Score Monitoring Referral Program Terms and Conditions, and the Crypto Referral Program Terms and Conditions.
Employees are strictly prohibited from use of any SoFi member data to which they have access beyond usage necessary and usual for their role at SoFi. Employees may not make statements about rates, bonuses, or product features beyond what is publicly disclosed directly by SoFi. Employees must adhere to the company’s Code of Business Conduct and Ethics Policy at all times.
Referral Cap
In no event will any person be entitled to receive more than $10,000 in cumulative referrals or welcome bonuses under these Referral Programs within any calendar year. In addition, SoFi reserves the right to, at any time, limit the maximum number of times a Referral Link can be used.
Tax Considerations
Referral Bonuses and Welcome Bonuses are each considered miscellaneous income and may be reportable to the IRS on Form 1099-MISC (or Form 1042-S, if applicable). SoFi is required to do this reporting in compliance with the applicable federal and state reporting requirements. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer; consult with your tax advisor to determine applicable tax consequences.
Non-Solicitation Agreement
Other than as set forth herein, you agree not to compensate or accept any compensation from applicants whom you refer to SoFi through any of the corresponding Referral Programs described above. You further agree that your activities will be limited to referring potential customers as described above, so they may independently decide whether to apply. You may not collect information from eligible recipients under any Referral Program, assist with filling out an application, or discuss specific product terms.
No Spam
You must comply with all applicable laws and regulations in soliciting referrals. Eligible referrers may not purchase internet search terms. Further, any distribution of a program link that could constitute unsolicited commercial email or “spam,” any content which impersonates or implies an affiliation with or endorsement by SoFi or any SoFi subsidiary, or any actions which otherwise violate any terms or conditions imposed by SoFi, or that SoFi determines in its sole discretion to be fraudulent in nature, are prohibited and will be grounds for immediate termination from a Referral Program. We will not honor referral payments for referrals which are generated using any of the foregoing means.
Independent Contractor
Your participation in a Referral Program is solely as an independent contractor. Neither you nor SoFi intend to establish an employment relationship, and you are not entitled to any benefits. We may require completion of a Form W-9 prior to payment of any referral or welcome bonus. Any payments that are not claimed within 180 days of the date the funds have been made available because either the direct deposit bank account or required tax information have not been provided are subject to forfeit.
Conflict
In the event any of the terms of these Official Rules conflicts with any terms in a specific promotional campaign associated with a unique referral link, the terms of these Official Rules shall govern.
Discontinuation of Previous Referral Program
The Referral Programs described herein replace all earlier versions of such SoFi referral programs. SoFi reserves the right to temporarily, or permanently modify or discontinue the Referral Programs at any time, for any reason, at our sole discretion and without notice to you.
Program terms:
Loan Referral Program
The terms below and those set forth in the Official Rules govern your participation in SoFi Bank, N.A.’s (“SoFi Bank“) Loan Referral Program (the “Loan Referral Program“) described below. The Loan Referral Program is open to any consumer who registers on SoFi’s website and who resides outside of the state of Vermont (the “Eligible Loan Referrer(s)“).
Eligible Loan Referrers are limited to refer friends, colleagues, family members, and other people they (collectively, the “Eligible Loan Recipient(s)“) believe may be interested in applying for a student loan or personal loan product as described in a specific promotional campaign (collectively, the “Eligible Loan(s)“). SoFi Bank reserves the right to disqualify anyone from participating in the Loan Referral Program at any time. The Eligible Loan Referrers will NOT receive a Loan Referral Bonus for referrals for any other SoFi Bank loan products. Anyone who violates these terms and conditions is ineligible for payment of any bonus.
To receive credit for a referral under the Loan Referral Program, Eligible Loan Referrers must send their unique referral link to an Eligible Loan Recipient, the Eligible Loan Recipient must use their Eligible Loan Referrer’s unique referral link and complete all specified promotional requirements, within 120 days after receipt of the Eligible Loan Referrer’s unique referral link, and the Eligible Loan Recipient must meet the terms and conditions of the specific promotional campaign associated with the unique referral link that was used for the referral. Further, in order for the Eligible Loan Recipient to receive their Loan Welcome bonus for a SoFi Personal Loan, the loan must still be an active loan in good standing ninety (90) days after the disbursement date, meaning the account remains open and hasn’t been paid off, and the borrower is current on all payments with no defaults or violations of the loan terms. For Private Student Loan referrals, the Eligible Loan Recipient and Eligible Loan Referrer will receive their bonus sixty (60) days after their first loan disbursement, and the Eligible Loan Referrer is eligible for a maximum of 5 total referral bonuses for the Private Student Loan product. Further, for referrals for the Private Student Loan product no payments will be made if the Eligible Loan Referrer is employed by a qualified educational institution. If the Eligible Loan Recipient uses the Eligible Loan Referrer’s unique referral link and meets the terms and conditions of the specific promotional campaign associated with that unique referral link, SoFi Bank or its designee shall pay to (a) the Eligible Loan Referrer, a referral bonus into a SoFi Bank Checking or Savings account in the amount specified in the promotional campaign associated with the unique referral link that was used for the referral (the “Loan Referral Bonus“); and (b) the Eligible Loan Recipient, a welcome bonus into a SoFi Bank Checking or Savings account in the amount specified in the promotional campaign associated with the unique referral link that was used for the referral (the “Loan Welcome Bonus“). Only one Loan Referral Bonus and one Loan Welcome Bonus will be awarded for each referred Eligible Loan Recipient, per loan type, regardless of whether the Eligible Loan Recipient takes out multiple Eligible Loans. Further, and notwithstanding the above, the following additional restrictions shall apply (1) no Loan Referral Bonus will be paid to otherwise Eligible Loan Referrers who are residents of Vermont, and (2) no Loan Referral Bonus will be paid for otherwise funded loans made to Vermont residents. An Eligible Loan Referrer will not earn a Loan Referral Bonus if the Eligible Loan Recipient has or had a funded SoFi loan account of the same type, or if the Eligible Loan Recipient does not use the unique referral link provided by the Eligible Loan Referrer.
If the Eligible Loan Recipient already has a SoFi loan account, is on our opt-out list or the national email opt-out list, or has already used another Eligible Loan Referrer’s unique referral link, the Eligible Loan Recipient may not be sent an email. We cannot disclose to you any information about funded loans opened by any Eligible Loan Recipients you refer to us. Participation in the Loan Referral Program serves as a one-time limited waiver of privacy rights by both parties, whereby each may become aware of the presence of an account relationship with SoFi Bank.
$1,000 Medical and Dental Referral Offer: All referral program terms and conditions apply. Offer is subject to lender approval and not available to residents of Vermont. The offer is only open to new medical or dental Student Loan Refinance borrowers and may not be combined with other offers aside from the autopay discount. For both the Eligible Loan Referrer and Eligible Loan Recipient to each receive a $1,000 bonus, the referee must: (1) register and apply for a medical or dental student loan refinance through the referral link provided; (2) meet SoFi’s underwriting criteria; (3) fund a loan with SoFi; and (4) have or apply for a SoFi Checking and Savings or have a SoFi Money account to receive the bonus. Once conditions are met and the loan has been disbursed, the loan must remain active and in good standing for ninety (90) days, meaning the account remains open, hasn’t been paid off, and the borrower is current on all payments with no defaults. Following this 90-day period, both the referrer and referee welcome bonus will be deposited into their respective SoFi Checking and Savings or Money account within 30 calendar days.. Bonuses that are not redeemed within 180 calendar days of the date they were made available to the recipient may be subject to forfeit. Bonus amounts of $600 or greater in a single calendar year will be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer; consult your tax advisor to determine applicable tax consequences. SoFi reserves the right to change or terminate the offer at any time with or without notice.
Invest Referral Program
The SoFi Invest Referral Program (the “Invest Referral Program”) allows eligible members to refer others to open a new SoFi Invest Self-Directed Invest Account offered by SoFi Securities LLC.
To qualify as an Eligible Invest Referrer, you must have a SoFi Invest Self-Directed Invest Account offered by SoFi Securities LLC or an Automated Invest account offered by SoFi Wealth LLC that is funded and in good standing (i.e., not suspended). Employees of Social Finance, LLC and its affiliates are not eligible to receive referral bonuses under the Invest Referral Program.
Eligible Invest Referrers are encouraged to refer friends, colleagues, family members, and anyone else they believe may be interested in opening a SoFi Invest Self-Directed Invest Account (the “Eligible Invest Recipient”). Eligible Invest Referrers will not receive a referral bonus unless the referred individual opens a new SoFi Invest Self-Directed Invest Account. Referral bonuses are not available for referrals to open a SoFi Invest Automated Invest Account or a SoFi Invest Self-Directed IRA Account. SoFi Securities LLC, or its designee (collectively, “SoFi Securities”), reserves the right to disqualify anyone from participation in the Invest Referral Program at any time.
Under the Invest Referral Program, Eligible Invest Referrers must share their unique referral link with an Eligible Invest Recipient they wish to refer.
To earn bonuses, the Eligible Invest Recipient must:
(1) open a new SoFi Invest Self-Directed Invest Account using the Eligible Invest Referrer’s unique referral link within 90 days of clicking the referral link;
(2) fund the new account with a minimum deposit of $25.00; and
(3) meet any additional terms and conditions that may apply to a specific promotional campaign associated with the referral link.
When these conditions are met, SoFi Securities LLC will:
(a) credit the Eligible Invest Referrer’s Invest account with a $50 cash bonus (the “Invest Referral Bonus”); and
(b) credit the new SoFi Invest Self-Directed Invest Account of the Eligible Invest Recipient with a $25 stock bonus (the “Invest Welcome Bonus”).
Only one $50 cash bonus and one $25 stock bonus will be awarded for each referred Eligible Invest Recipient. An Eligible Invest Referrer will not earn the $50 cash bonus if the Eligible Invest Recipient has or previously had a funded SoFi Invest account, does not use the unique referral link provided by the Eligible Invest Referrer, or is on an opt-out list. We cannot disclose to you any information about new SoFi Invest Self-Directed Invest Accounts opened by any Eligible Invest Recipients you refer. By sending a referral link, you agree that you have express consent to send the recipient promotional messages about SoFi’s products and services.
Bank Referral Program
Terms effective: October 29, 2026
The following terms and conditions govern your participation in the SoFi Bank Referral Program (“Bank Referral Program”). The Bank Referral Program provides:
The SoFi Bank Referral Program is subject to change or may expire at any time. Only referrals that satisfy the deposit amount needed to qualify while the Bank Referral Program is available will qualify for the applicable bonus.
Eligible Bank Referrer Requirements
To be eligible for a referral bonus under the Bank Referral Program (including both the Standard Bonus and the Additional Bonus), a referrer (an “Eligible Bank Referrer”) must:
Eligible Recipient Requirements
To be eligible for the Standard Bonus, an Eligible Recipient must:
To be eligible for an Additional Bonus, the Eligible Recipient must:
All deposits used to satisfy the Standard Bonus or Additional Bonus requirements must be made via an ACH transfer from a linked bank account, direct deposit, “Instant funding” from a debit card (if available), cash deposit, mobile check deposit (if available), or wire transfer.
Peer-to-peer (P2P) transfers and instant transfers through the FedNow Service (including eligible instant payments sent from another financial institution) do not count toward the $50 funding requirement. P2P transfers include ACH or debit-card-based transfers made from services such as Venmo, PayPal, Apple Cash Cash App, Zelle, and similar services.
Standard Bonus
Once the Eligible Bank Referrer and Eligible Recipient have met all applicable eligibility requirements, SoFi will credit each party a cash bonus (each, a “Standard Bonus”), with the amount determined as follows:
Eligible Bank Referrer Standard Bonus
The Eligible Bank Referrer will receive a cash bonus in one of the following amounts, credited into their SoFi Checking account. The applicable Standard Bonus amount is determined based on the Eligible Bank Referrer's status at the time the Eligible Recipient registers or logs in as a SoFi user. This timing is determined in Eastern Time (E.T.).
Eligible Recipient Standard Bonus
The Eligible Recipient will receive a $25 cash bonus into their SoFi Checking account for opening a SoFi Checking and Savings account and making deposits totaling $50 or more.
Additional Bonus
In addition to the Standard Bonus, both the Eligible Recipient and the Eligible Bank Referrer may earn an Additional Bonus. The amount of the Additional Bonus depends on the tier the Eligible Recipient reaches, based on their aggregate balance, and maintains for 90 consecutive calendar days after the 25 calendar day funding period. Each tier has a minimum aggregate balance, as shown below:
| Tier | Eligible Recipient’s aggregate balance at the end of 25-day funding period | Additional Bonus for Eligible Recipient | Additional Bonus for Eligible Bank Referrer |
|---|---|---|---|
| Tier 1 | $5,000–$24,999 | $100 | $100 |
| Tier 2 | $25,000 or more | $300 | $300 |
SoFi will aggregate balances across all SoFi Checking and Savings accounts for which the Eligible Recipient is the primary account holder, including individual and joint accounts.
To receive the Additional Bonus at a given tier, the Eligible Recipient must:
If, at any time during the 90-day period, the aggregate balance falls below the minimum for the tier the Eligible Recipient initially reached, the Additional Bonus will be reduced to a lower tier for both the Eligible Recipient and the Eligible Bank Referrer. The Additional Bonus will be based on the highest tier for which the Eligible Recipient maintained the required minimum aggregate balance for the entire 90-day period.
If the aggregate balance falls below $5,000 at any time during the 90-day period, neither the Eligible Recipient nor the Eligible Bank Referrer will receive an Additional Bonus.
The Eligible Recipient must first meet the requirements for the Standard Bonus before becoming eligible for an Additional Bonus.
Bonus Payment Timing
Once all qualifying activities for a particular bonus have been completed and validated by SoFi, that bonus payment will be credited to your SoFi Checking account within seven (7) business days. In all cases, bonus payments will be made no later than seventy-four (74) days after the applicable qualifying activities have been completed.
Standard Bonus payments and Additional Bonus payments are issued separately and at different times.
An Eligible Bank Referrer must have an open SoFi Checking and Savings account in good standing to receive any bonus payment. If the Eligible Bank Referrer does not have an open SoFi Checking and Savings account at the time the bonus payment is issued, SoFi is not obligated to make the bonus payment.
Additional Terms
See the SoFi Referral Program Official Rules and full Bank Referral Program terms at SoFi.com/referral-program/.
An Eligible Recipient may receive the Standard Bonus and any applicable Additional Bonus only once when opening their first SoFi Checking and Savings account. After opening their account, they may then participate as an Eligible Bank Referrer and earn referral bonuses for their own qualifying referrals, subject to the terms of the Bank Referral Program.
In no event will any Eligible Bank Referrer be entitled to receive more than $10,000 in cumulative referral or direct deposit bonuses under all available SoFi referral programs within any calendar year.
Bonuses are considered miscellaneous income and may be reportable to the IRS on Form 1099-MISC or Form 1042-S, if applicable. SoFi is required to do this reporting in compliance with applicable federal and state reporting requirements. Recipients are responsible for any applicable federal, state, or local taxes associated with receiving a bonus. Consult with your tax advisor to determine applicable tax consequences.
SoFi reserves the right to exclude any Member from participating in the Bank Referral Program for any reason, including suspected fraud, misuse, or suspicious activity. Furthermore, SoFi reserves the right to seek reimbursement from any customer of amounts paid as referral bonuses to customers who violate the terms and conditions of the Bank Referral Program. Please note that, in certain circumstances, the deduction of such amounts from an account may result in a negative balance.
This offer cannot be combined with the SoFi Checking and Savings “Account $20 Open Offer.”
Joint Accounts
Only the primary account holder who opens the new joint Checking and Savings account can be an Eligible Recipient for the referral bonuses. The secondary account holder added to the joint account is not considered an Eligible Recipient for this offer and will not receive referral bonuses for joining the joint account. The secondary account holder can still refer new members and earn referral bonuses for their own successful referrals.
Definitions
Eligible Direct Deposit means a recurring ACH deposit of regular income (such as payroll, pension, or government benefits, including Social Security) made to your SoFi Checking and Savings account by your employer, payroll provider, benefits provider, or a government agency. Deposits that are not from one of these sources or that are non-recurring in nature (such as IRS tax refunds) do not qualify. Examples of ineligible deposits include check deposits, peer-to-peer (P2P) transfers (e.g., PayPal, Venmo, Wise, Zelle), merchant transactions (e.g., PayPal, Stripe, Square), ACH transfers from external bank accounts, and wire transfers. There is no minimum Eligible Direct Deposit amount required. SoFi Bank, in its sole discretion, will assess Eligible Direct Deposit activity and may require additional documentation to verify eligibility.
Although we do our best to recognize all Eligible Direct Deposits, a small number of employers, payroll providers, benefits providers, or government agencies do not designate payments as direct deposit. If the Eligible Bank Referrer has satisfied the Eligible Direct Deposit requirements but has not received the correct cash bonus in the respective Checking account, please contact us at 855-456-7634 with the details of your initial Eligible Direct Deposit. After SoFi validates the details of the Eligible Direct Deposit, Eligible Bank Referrer’s correct bonus will be paid.
Qualifying Deposits means one or more deposits, in the aggregate, totaling $5,000 or more into an Eligible Bank Referrer's SoFi Checking and Savings account within a 31-calendar-day period. Qualifying Deposits may include ACH transfers, inbound wire transfers, peer-to-peer transfers, check deposits, instant funding to Eligible Bank Referrer’s SoFi Debit Card, push payments to SoFi Debit Card, and cash deposits. Qualifying Deposits do not include transfers between Eligible Bank Referrer's own SoFi accounts (including SoFi Checking, Savings, Invest accounts, or Vaults), interest payments, bonuses issued by SoFi or its affiliates, or credits, reversals, or refunds from SoFi or a merchant. SoFi Bank, in its sole discretion, will assess Qualifying Deposits and may require additional documentation to verify eligibility.
31-day evaluation period for Eligible Direct Deposit and Qualifying Deposits
SoFi Bank assesses Eligible Direct Deposit or Qualifying Deposits based on a rolling 31-calendar day period and may request additional information for verification of eligibility. A rolling 31-calendar day period means that each time you receive an Eligible Direct Deposit or $5,000 in Qualifying Deposits, a new 31-day period begins. If you receive another Eligible Direct Deposit or $5,000 in Qualifying Deposits during the current 31-day period, the period will reset, and a new 31-day period will begin from the date the criteria are met. You can view the end date of your current 31-day period, based on your most recent deposit activity, by visiting the APY details page within your account.
Interest Rates:
Rates are variable and are subject to change at any time. Rates are current as of 10/20/26. No minimum balance is required. Fees may reduce earnings.
For SoFi Plus members, SoFi Savings is a tiered-rate account. Earn 4.70% Annual Percentage Yield (APY) on up to $20,000 in one SoFi Savings account, and 3.30% APY on all other Savings balances with a SoFi Plus membership. Promotional APY boost offers cannot be combined on balances earning a 4.70% APY. Rates are current as of 10/20/26. APY is variable and subject to change at any time. There is no minimum balance requirement. Fees may reduce earnings. Terms apply at SoFi.com/terms-of-use/#sofi-plus.
See additional rates and information at SoFi.com/legal/banking-rate-sheet.
Credit Score Monitoring Referral Program
SoFi will give you 1,000 rewards points (equivalent to $10) if the person you refer registers to use, and successfully activates SoFi Credit Score Monitoring within 60 days of clicking on your unique referral link. Eligible Referrers will not earn rewards points if the Eligible Recipient already has or had another SoFi product, or does not use the unique referral link. In order to refer others and receive rewards points, Eligible Referrers must be actively enrolled in credit score monitoring and accept the SoFi Member Rewards Program Terms and Conditions. Once the referral qualifications have been met, SoFi will: (a) credit Eligible Recipients 1,000 rewards points and (b) credit the Eligible Referrer 1,000 rewards points (equivalent to $10) within 7 business days. See Official Referral Program Rules for additional information.
Crypto Referral Program
CRYPTOCURRENCY AND OTHER DIGITAL ASSETS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE
SoFi cryptocurrency products and services are offered by SoFi Bank, N.A., subject to applicable regulatory approvals. Participation is subject to the promotion’s terms and conditions and does not constitute an offer or guarantee of access to cryptocurrency-related products or services. Cryptocurrency and other digital assets are highly speculative and involve significant risk, including the potential for complete loss of value.
The following terms and conditions govern your participation in the SoFi Crypto Referral Program (“Crypto Referral Program”) during the Promotion Period (as defined below).
PROMOTION PERIOD: February 4, 2026 at 12:00 a.m. E.T. – December 31, 2026 at 11:59 p.m. E.T.
TERMS AND CONDITIONS:
This is a limited-time offer from SoFi with limited availability, and is subject to expire at any time.
To receive the crypto referral bonus, a referrer must complete the following required activities:
(1) Share their unique referral link during the Promotion Period to the referred member.
(2)Have BOTH an existing SoFi Checking and Savings account AND an existing SoFi Crypto account at the time the referred member opens their SoFi Crypto Account.
To receive the crypto referral bonus, a referred member must complete the following required activities:
(1) Click the referrer’s unique referral link during the Promotion Period
(2) Apply and successfully open BOTH a SoFi Crypto AND a SoFi Checkings and Savings account
(3) Make a single qualifying crypto purchase of at least $50 within 30 calendar days of clicking the referral link.
A qualifying crypto purchase means a successful SoFi Crypto purchase transaction to buy Supported Digital Assets: (i) cryptocurrencies (ii) stablecoins. A qualifying crypto purchase must be funded directly from your Sofi Checking and Savings.
REFERRAL BONUS
Once the referrer and the referred member have completed all required activities, SoFi will:
(1) credit the referrer a one-time cash bonus of $25 into their SoFi Checking and Savings account AND (2) credit the referred member a one-time cash bonus of $25 into their SoFi Checking and Savings account.
Bonus payments will be credited to the referrer and the referred member’s respective SoFi Checking and Savings account within seven (7) business days following confirmation by SoFi that all required activities have been completed by the referrer and referred member.
Referrers will not earn a referral bonus if the referred member has previously opened a SoFi Crypto Account or does not use the unique referral link provided by the referrer to open a SoFi Crypto account during the Promotion Period.
In no event will any referrer or referred member be entitled to receive more than $10,000 in cumulative referral or welcome bonuses under all available SoFi referral programs within any calendar year. Bonuses are considered miscellaneous income, and will be reportable to the IRS on Form 1099-MISC (or Form 1042-S, if applicable).
OTHER IMPORTANT DETAILS
•This offer can be combined with other SoFi Crypto promotions
•SoFi reserves the right to disqualify any participant from the referral program at its sole discretion, including but not limited to cases of actual or suspected fraud, abuse, gaming of the program, or conduct inconsistent with the spirit or intent of these terms.
•SoFi further reserves the right to verify eligibility, withhold or revoke any bonus, or modify, suspend, or terminate this offer or the referral program at any time without notice.
8. SoFi Member Rewards Program
Last Updated: October 28, 2026
Social Finance, LLC, and its affiliates (“SoFi”) operate the SoFi Member Rewards program (the “Program”), through which consumers who choose to join the Program (“Members”, “you”, or “your”) and accept these terms ( the “Program Terms”) can earn and redeem points as described below. By clicking the “Join for free” button on the Program enrollment screen you agree that your enrollment in the Program will be governed by these Program Terms and SoFi’s Terms of Use www.sofi.com/terms-of-use (the “Terms of Use”) applicable to www.sofi.com (the “Website”).
There is no cost to you to participate in the Program.
Program Eligibility
This SoFi Member Rewards Program (the ‘Program”) is open to all current Members, who are in good standing with any loan, account or other product they may have with SoFi, and who have registered on SoFi’s website (www.sofi.com) and agreed to these Program Terms. Any information you provide to SoFi or its affiliates in connection with this Program is subject to SoFi’s Privacy Policy. We may send you communications about this program to any mailing address, email address, or telephone number in our records or that you have provided to us.
Points Earned
The SoFi Member Rewards Program allows you to earn points from activities such as:
• Linking your first non-SoFi account to SoFi Coach
• Signing up for Credit Score Monitoring (for new SoFi members)
• Activating your SoFi Debit Mastercard
• Setting up Billpay from your SoFi Money® or SoFi Checking account
The ways to earn rewards points are subject to change at any time. To see the latest ways to earn rewards points and respective rewards points values per activity, visit the “Ways to earn” section. The terms of the specific promotional offers listed in the “Ways to earn” section will govern the number of rewards points you will earn in association with those promotional offers and may differ from the terms for other customers. Some state restrictions may apply.
You may see the total balance of your earned, unredeemed rewards points by tapping the gem icon above your account details.
No points may be redeemed prior to your acceptance of these Program Terms and your enrollment in the Program through the Membership & Rewards hub. Further, Members must enroll for the Program by clicking “Join for free” on the Program enrollment screen and obtain one of the following products within 90 days of earning any points: SoFi Checking and Savings, SoFi Active Invest, SoFi Crypto, SoFi Credit Card, SoFi Personal Loan, Private Student Loan, or Student Loan Refinance. Co-signers of Personal Loans, Private Student Loans and Student Loan Refinance do not qualify as having “obtained” a product. If at any time after earning points under this Program a Member has not enrolled in the Program by clicking the “Join for free” button through the enrollment flow or does not have a product for which points can be redeemed into for a period of ninety (90) consecutive days, such points will expire and be forfeited. SoFi reserves the right to modify or discontinue any promotional offers for points earnings at any time, and with or without notice to you.
Points aren’t your property and have no cash value. You can’t transfer or move points unless expressly provided for in this agreement. Additionally, points can’t be transferred by operation of law, such as by inheritance, in bankruptcy or in connection with a divorce.
Redemption Process
Rewards points may be redeemed toward active SoFi accounts, including but not limited to, your SoFi Checking or Savings account, SoFi Money® account, SoFi Active Invest account, SoFi Credit Card account, SoFi Personal Loan, Private Student Loan, Student Loan Refinance, or toward SoFi Travel purchases. Generally, rewards points will redeem at a rate of 1 cent per every point. You may also redeem rewards points for SOFID at a rate of 0.01 SOFID per point through SoFi Crypto.
The ways to redeem rewards points are subject to change at any time. To see the latest ways to redeem your rewards points, including redemption details for any promotional offers, visit the “Redeem” page. As a participant in the Program, you are eligible to redeem rewards points in accordance with the terms of any current promotional offer listed on the “Redeem” page.
Rewards points may be redeemed on a one-time basis or on a monthly basis when set up through auto-redemption. To set up and manage your auto-redemption preferences, tap the gem icon above your account details within the SoFi app.
Please note that the terms of any promotional offer listed on the “Redeem” page may contain separate eligibility requirements or conditions to receive that promotional offer. The terms of the specific promotional offers listed on your “Redeem” page will govern your ability to redeem rewards points for those promotional offers and may differ from the terms for other customers. To the extent these Program Terms conflict with any of the separate terms for a promotional offer, the Program Terms shall govern how rewards points are earned and the specific promotional terms will govern how rewards points are redeemed for the offer.
SoFi reserves the right to modify or discontinue any promotional offers for points redemptions at any time, and with or without notice to you. Points redemptions may be conditional upon you being a SoFi customer with at least one active SoFi product.
Points Restriction
SoFi in its sole discretion may prohibit or limit your ability to use, earn, keep or redeem points, in whole or in part, and at any time, if you are a SoFi Member in “bad standing”. For clarity, a Member in “bad standing” includes but is not limited to the following: if you are delinquent or have defaulted on a SoFi Credit Card or loan product; if you have a negative balance in your SoFi Money, SoFi Checking, or SoFi Savings or any of your SoFi Active Invest Accounts; if we believe you have violated any applicable law in connection with this Program; or if we believe you have committed any fraudulent acts in connection with this Program.
Additional terms
Your participation in this Program may result in the receipt of taxable income from SoFi and we may be required to send you, and file with the IRS, a Form 1099. You are responsible for any tax liability, including disclosure requirements, related to your participation in the Program.
We are not responsible for any dispute you may have in connection with this Program with an authorized user or joint account holder on any of your accounts.
Changes to the SoFi Member Rewards Program
SoFi may modify or update these Program Terms at any time, and each such modification will be effective upon either posting at the Website or notice to you. Your continued participation in this Program following any such modifications constitutes your acceptance of such modifications and your agreement to be bound by these Program Terms and the Terms of Use. If you do not agree to any modification of these Program Terms or the Terms of Use, as the case may be, your sole remedy is to discontinue your participation in the Program. It is important that you review these Program Terms regularly. SoFi in its sole discretion may terminate this Program, or prohibit or limit your ability to use, earn or redeem points, in whole or in part, at any time with or without notice to you. The Program described herein shall replace all earlier versions of this Program.
INDEMNIFICATION
You shall defend, indemnify, and hold harmless Social Finance, LLC, its affiliates, and each of its and its affiliates’ respective employees, contractors, directors, suppliers, and representatives from all damages, losses, costs and expenses of whatever kind, including attorneys’ fees and any sums paid under any settlement incurred or suffered as a result of any claim, demand, action, or suit by any third party, whenever and wherever filed, arising out of or relating to (i) your violation of any of these Program Terms, (ii) any fraud or misuse associated with your participation in this Program, (iii) your violation of any applicable law, and (iv) any dispute you may have in connection with this Program with an authorized user or joint account holder on one of your accounts. SoFi reserves the right to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will assist and cooperate with SoFi in asserting any available defenses.
ACCESS INSTRUCTIONS
To view your rewards points account balance, tap the gem icon above your account details.
9. SoFi Insurance Agency
SoFi Insurance Agency is an independent insurance agency. We offer you the opportunity to learn about insurance policies offered by insurance carriers, but SoFi is not the insurer, and SoFi is a fiduciary for you, and SoFi does not undertake to find the “best” or most appropriate policy for you.
If SoFi provides you with information about possible policies to consider, we do so based upon only preliminary information you provide. You should carefully consider your insurance needs and make decisions about what coverages are right for you.
In cases where we connect you to an insurance carrier, we get paid fees by the carrier, in some cases if you obtain a policy. In some cases we gather information from you and assist you in getting a quote, or more, and in those cases we may get paid a commission by insurance companies for each policy placed.
All insurance products quoted, offered, or sold through SoFi are products offered by insurance carriers, NOT SoFi. SoFi makes no representations or warranties with respect to such insurance products. SoFi accepts no liability in connection with such products. All insurance products are provided to you pursuant to the terms and conditions of the insurance carrier providing the products. All questions, concerns or disputes with any such products should be raised to the insurance carrier providing such products. Not available in all states.
Insurance policy quotes shown on SoFi Site are non-binding. The final insurance policy premium for any policy is determined by the underwriting insurance company following you submitting an application.
SoFi may at times promote that certain policies may be available through the SoFi Site. All policies are subject to product availability and your eligibility, and availability of prices may depend upon your truthful answers to a health questionnaire. Not all policies promoted may be available in all states. Savings may vary by term, policy amount, health class and state.
See Licenses for SoFi Insurance Agency State Licenses and lines of authority.
Please direct all questions or comments about these Terms of Use to SoFi Customer Support at 1-855-456-7634.
COPYRIGHT © Social Finance, LLC. ALL RIGHTS RESERVED.