How to find your SoFi referral links


Yesterday, we posted what might be the runner-up for deal of the year: SoFi Money is offering a totally fee-free cash management account with a debit card that rebates ATM fees worldwide and when you sign up through a referral and deposit $100, you get a $50 new account bonus (See: Easy money: SoFi debit card new account / referral bonuses for more details). Furthermore, you get $100 for every person you refer who opens a new account and funds it. What’s more, both bonuses can post as fast as the day after you fund the account. I both opened an account yesterday and referred two people yesterday and both the new account bonus and referral bonuses posted in my account activity this morning. Unfortunately, finding your referral link hasn’t been intuitive for all readers. Fortunately, this post will show you how to do it so you can get your friends and family on the deal and make everyone some easy money.

First, sign up for SoFi Money

The first thing you’ll need to do is sign up for your open SoFi Money account. See yesterday’s post for full details. To recap briefly, SoFi Money is a cash management account (think checking account without the checks) with no fees, no monthly minimums, no direct deposit requirements, no monthly transaction requirements, no hard pull, and unlimited ATM fee reimbursements worldwide. SoFi isn’t a bank itself but deposits your money with banks, so keep in mind that your money is not initially FDIC-insured (until it reaches their partner banks). In short, I wouldn’t deposit a hundred grand today, but neither would I be concerned about depositing a hundred bucks.

If you’re looking to open a new account, feel free to use one of our referral links with our thanks (you’ll get your $50 new account bonus as long as you deposit $100 within 14 days, though it’s easy to do immediately):

After you’ve opened an account (which takes about 60 seconds), you’ll need to fund it with $100. You can either do that via ACH or link an existing bank login. I linked a Capital One bank account and transferred over money and it took a grand total of about an additional 60 seconds. In my case, I put $200 in my SoFi account, but keep in mind that you’ll only need to deposit $100 to trigger the bonus.

Next, download and install the app

In order to get your referral link, you’ll need to download and install the app on your phone:

Once you download and install the app, login.

Finding your referral links

The first time I logged in, there was a banner ad at the top of the app advising me to click there to refer friends. A reader pointed out that this banner add can change (you can pull down in the app to refresh it) and show referral links for different SoFi products.

However, it’s easy to get your referral links for the specific SoFi products to which you want to refer others (SoFi Money, SoFi investing, etc). All you have to do is click the icon that looks like a universal “My Account” icon in the app (on the Android version, it was in the top left corner as shown below):

Then click the spot that says “Invite friends, earn up to $10k”.

That’ll take you to a full list of the various SoFi accounts to which you can refer others. Simply click on the type of account to which you wish to refer someone to generate your link.

Choose SoFi Money to refer someone to the cash management account. They get $50 when they fund it with $100 or more and you get $100.

From there, click the buttons to copy your link (so you can paste it in an email or our Frequent Miler Insiders group or the place of your choice), share it via social media or text messages, etc.

Just click where it says “copy link” to copy yours or share it via social media, text messages, email, etc.

Note that you can also join SoFi Active Investing via referral and fund your investing account with $100 or more and get $50 in free stock when you sign up through someone’s referral link. Note that you can simply move the $100 you deposited in your SoFi account to your Active Investing account to trigger this — you don’t need to deposit an additional hundred bucks and there isn’t any requirement that you actually buy stock with the $100 you use to fund your Active Investing account. You can then refer friends to the Active Investing account and get $50 for each friend who signs up. If you’re interested in signing up and getting $50 in free stock, feel free to use our referral links with our thanks:

Bonuses post quickly

Yesterday, I deposited $200 from my Capital One account. I referred Greg and it looks like a reader signed up with my link. This morning, I saw two $100 referral bonuses and a $50 new account bonus in my account. It was that fast. I don’t yet have a debit card to take the cash out of the ATM, but I assume I could likely ACH transfer to my bank if I wanted to. This is pretty awesome.

Sharing your referral link

If you’re looking for friends to refer, head over to our Frequent Miler Insiders Facebook group and find the relevant thread. List your link as a REPLY to my first comment on that thread. Referrals not following the directions will be deleted. Comments on this post that include a link will get caught in our spam filter and will not post, so head over to the Frequent Miler Insiders group instead to post your link.

Bottom line

This SoFi Money account is really an amazing deal in many regards: it’s got a generous new account offer that posts in a day or two, it’s got a generous referral bonus that posts just as fast, it’s got a debit card that rebates ATM fees worldwide, and the account has no BS fees or hoops to jump through while also offering 1.8% APY. What’s more, if you know just a couple of people who would open a free account for some easy money, you could easily rack up a few hundred bucks with very very little effort. This is the definition of low-hanging fruit and should put at least a couple hundred bucks in your pocket if you’re playing in 2-player mode ($50 for Player 1, a $100 referral bonus for referring Player 2, and the $50 bonus for Player 2). Generate your referral link and share the love with friends and family while you can.

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