Author Topic: $50 SoFi Bonus- Account Churning  (Read 277 times)

tralfamadorian

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$50 SoFi Bonus- Account Churning
« on: June 25, 2018, 07:54:04 AM »
Hey guys. SoFi is doing a $50 bonus for folks who sign up for their Wealth Management platform with a $100 starting deposit and a scheduled $20/mo recurring deposit. All fees are waived for 2018 and thereafter it will be 0.25% for amounts over 10k.

According to their fine print, the bonus should be deposited within 10 days. There is no note on minimum holding times so it appears that you can deposit $100 and schedule a $20 recurring deposit, then pull out your $150 once the $50 bonus hits before the first $20 recurring deposit ever happens. If you decide that you do want to keep the account for a while, it automatically put me in Vanguard (VTI, VEA, VWO).

I signed up from another referral link for $25 last month so this $50 bonus looks pretty good.

There's no bonus to me for posting the referral link.


www.sofi.com/refer/2043/410469

Orin!

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Re: $50 SoFi Bonus- Account Churning
« Reply #1 on: July 14, 2018, 08:26:03 PM »
@tralfamadorian

Where is the bonus referred to in the link you posted?

tralfamadorian

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Re: $50 SoFi Bonus- Account Churning
« Reply #2 on: July 15, 2018, 05:44:09 AM »
@tralfamadorian

Where is the bonus referred to in the link you posted?

The email they sent me referenced July 15 as the promotion end date but sometimes if promotions are too popular, they’ll kill the links earlier.