SoFi Bank has increased the referral bonus for a short period of time to $100. Referrals still receive $50 after depositing $100, but the referer receives $100! (increased from $50)
https://www.sofi.com/money/
(New members MUST be referred by a current member to receive the $50 bonus. Do not sign up at the link above if you are looking for the bonus. The link is provided just for information purposes.)
For those on the fence about the bank…
They are now advertising on TV. It is legit. Current APY is 2.25%. The money account is limited to six withdrawals per billing cycle as it is a savings account. ATM card is provided. Your account can be accessed by website or app. There are no fees or early termination fees (if all you are looking for is to get the bonus and cash out). Bonuses post immediately (~1 day) after completing the $100 deposit (Venmo works). However, you need to wait a few days before you can cash out the bonus. There are no limitations on household, so you can refer your significant others if you so desire. There are no fees associated with the bank.
I’ve been using them for a month now. Decent bank. They also offer an investment vehicle to buy stocks, including buying fractional shares. That also has a bonus system too. Get referred to it, receive $50 in stock after depositing $25 into the investment account.
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