SoFi Invest is a free brokerage account from SoFi that allows users to invest in stocks and ETFs with no commission fees. They are currently offering new users $25 worth of free stock after opening a SoFi Invest account using a referral link. To earn your SoFi Invest referral bonus, you have to do the following:
- Open a SoFi Invest account using a referral link (here is my referral link).
- Fund your account with at least $100.
- You’ll earn $25 worth of free stock after meeting the above two requirements.
It’s important to note that the bonus terms do not require you to invest the money that you fund into your SoFi Invest account. You only have to fund your SoFi invest account with $100 to earn the $25 SoFi Invest referral bonus. Since you don’t have to invest the money you put into your SoFi Invest account, this makes the SoFi Invest referral bonus an easy one to earn.
In the rest of this post, I’ll briefly explain what SoFi Invest is and go into more detail about how to earn your SoFi Invest referral bonus.
What Is SoFi invest?
As previously mentioned, SoFi Invest is a free brokerage account from SoFi that allows users to trade stocks and exchange-traded funds (ETFs) with no fees or commissions.
SoFi Invest has several forms of investment accounts that all go under the SoFi Invest umbrella. These include the following:
- SoFi Active Invest. This account allows you to invest in individual stocks and ETFs. You can invest in fractional shares as well, which makes this a useful account since you can get your money working for you sooner. I think of SoFi Active Invest as similar to Robinhood and Webull, with the added benefit that it allows you to buy fractional shares instead of having to buy whole shares.
- SoFi Automated Investing. This account is a roboadvisor that automatically invests your money in a diversified portfolio of ETFs based on your risk tolerance and time horizon.
- SoFi Crypto Investing. This account allows you to invest in cryptocurrency.
I think SoFi Invest is a good brokerage account with options that will work for most investors. As long as you understand how to invest, you likely can’t go wrong with any of these accounts.
That being said, for our purposes, we’re looking to fund the SoFi Active Invest account to earn our referral bonus. Here’s how to do it.
SoFi Invest Referral Bonus Step-By-Step Directions
Even if you have no interest in using SoFi Invest as a brokerage account, I think it’s still worth opening an account just to collect the referral bonus. SoFi Invest has no fees, so you can easily open an account, earn your bonus, then take your money out.
Importantly, earning your SoFi Invest referral bonus doesn’t require you to invest the money – you only have to fund your SoFi Invest account. After you do that, you can simply leave your money as cash in the account so you don’t risk any loss.
With that information out of the way, here’s what you need to do to earn your SoFi Invest referral bonus.
1. Open a SoFi Active Invest account using a referral link. The first thing you need to do is open a SoFi Invest account using a referral link. Here’s my SoFi Invest referral link. Be sure to open the active investing account, which is the account you need to qualify for the bonus.
2. Fund Your Account With $100 Or More. Next, deposit $100 or more into your new SoFi Invest account. Remember that you don’t have to invest the money you fund into your account. If you prefer, you can leave it as cash, which you can then withdraw later.
3. You’ll Get $25 Worth Of Stock Within 10 Days. You’ll get $25 worth of free stock that you can invest in any company on SoFi invest. Examples of stocks you can get are Amazon, Tesla, Disney, Apple, Nike, and more.
Refer Your Friends For Additional Bonuses
When you open a SoFi Invest account, you’ll also get your own SoFi Invest referral link that you can use to refer your friends and family members. This allows you to earn more referral bonuses by referring people you know and having them follow the same steps.
To find your referral link, open the SoFi app, then click the icon at the top left corner of the app. It should be the picture of yourself that you upload when you download the app. This will bring you to the main settings page, where you’ll find your SoFi Invest referral link. You can also refer people to other SoFi products and earn referral bonuses for those (for example, you’ll earn a bonus if you refer someone to SoFi Money or refer someone to download the SoFi app).
If you want to earn additional referral bonuses, consider sending your friends and family your SoFi Invest referral link and walk them through the process. You can also refer them to this post if they need more information.
Final Thoughts
SoFi Invest is an easy brokerage account bonus that is worth taking advantage of while it’s available. If you’re a two-person household, you can easily open a SoFi Invest account for yourself and earn $25, then refer your spouse or partner for another $50. They’ll also earn $25 for opening an account with your link. Together, that’s $100 of free stock for a few minutes of work.
SoFi recently became a public company, so I suspect that these sorts of referral bonuses won’t last forever. That means you should earn these bonuses while you can. And since SoFi Invest doesn’t charge any fees, it’s an easy account to open and manage. You should keep your SoFi Invest account open so you can refer more people too.
More Recommended Ebike/Scooters
Check out these other ebikes/scooters I've had the chance to do a review for:
- GEN3 Outcross Bike – The GEN3 Outcross is a solid, affordable fat tire ebike that does a good job of doing what I need it to do. It works great for city riding, giving me a smooth ride in all conditions. It’s works really well as a winter ebike since the fat tires give it good traction over snow and ice. Check out my GEN3 Outcross Review.
- Himiway Escape Bike – The Himiway Escape is an interesting bike for anyone looking for a moped-style ebike. If you’re a gig economy worker, the Himiway Escape is particularly interesting and it’s possible to think of it as an investment, especially if you can opt to do deliveries with the Himiway versus using a car. It’s not cheap, but you can definitely make your money back when you compare the mileage you’ll put on your car versus using an ebike. Check out my Himiway Escape Bike Review.
- Espin Sport Bike – The Espin Sport is a good ebike for someone who is looking for an ebike that feels and rides more like a regular bike. There are many ebikes that are really only bikes in name. In reality, they’re basically electric mopeds. The Espin Sport, by contrast, is a bike you could probably ride without the battery and you’d feel like you’re just riding a regular bike. Check out my Espin Sport Review.
- Varla Eagle One Scooter – The Varla Eagle One is an excellent scooter that can make sense for a lot of people. It can work as a primary mode of transportation. You can use it to work on gig economy apps like DoorDash, Uber Eats, and Grubhub. And it can also be a recreational vehicle if you’d prefer to use it for that. Check out my Varla Eagle One Review.
- Fucare H3 Scooter – The Fucare H3 is a fun scooter and I’ve enjoyed testing it out. For a daily commuter or quick trips or errands, the Fucare H3 is probably the scooter I’ll use. It’s portable and easy to maneuver, so it’s just easier to take on the road when I need it. Check out my Fucare H3 Scooter Review.
More Recommended Investing App Bonuses
For additional investing app bonuses, be sure to check out the ones below:
- M1 Finance ($10) – This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $10 for opening an account. Check out my M1 Finance Referral Bonus – Step-By-Step Guide.
- SoFi Invest ($25) – SoFi Invest is an easy brokerage account bonus that you can earn with just a few minutes of work. Use my SoFi Invest referral link, fund your SoFi Invest brokerage account with $100 and you’ll get $25 of free stock. I also have a step-by-step guide for the SoFi Invest referral bonus.
- Moomoo (5 free stocks) – Moomoo is a free investing app currently offering 5 free stocks (usually worth around $75-$100) if you open an account using a referral link and deposit $2,000. Read my Moomoo referral bonus guide for more information.
- Webull (5 free stocks) – Webull also gives you 5 free stock valued between $3-$3,000 each if you open an account using my referral link. Here’s a guide I wrote about how to earn your free stocks using Webull.
- Robinhood (1 free stock) – Robinhood gives you a free stock valued between $2.50-$225 if you open an account using my referral link.
- Public (1 free stock) - Public gives you a free stock valued between $3-$70 if you open an account using my referral link.
More Recommended Bank Account Bonuses
If you’re looking for more easy bank bonuses, check out the below options. These bonuses are all easy to earn and have no fees or minimum balance requirements to worry about.
- Chime ($100) - Chime is a free bank account that offers a referral bonus if you use a referral link and complete a direct deposit of $200 or more. In practice, any ACH transfer into this account triggers the bonus. This bonus is easy to earn and posts instantly, so you’ll know if you met the requirements as soon as you move money into the account. I wrote a step-by-step guide on how to earn your Chime referral bonus that I recommend you check out.
- Upgrade ($100) – Upgrade is a free checking account that’s currently offering a $100 referral bonus if you open an account and complete three debit card transactions. These bonus terms are easy to meet, so it’s well worth doing this bonus as soon as you can. Importantly, this bonus says that it’s now scheduled to end on October 31, 2022. As long as you get your account opened before October 31st, you should be eligible. Here’s a post I wrote with more details: Upgrade $100 Referral Bonus – Step By Step Directions.
- SoFi Money ($350) – SoFi Money is a free checking account from SoFi. They’re currently offering a $25 referral bonus if you open a SoFi account with a referral link and deposit $10. You can also make an additional $300 as well if you complete a direct deposit. This is a good bank that is also 100% free, so you won’t have to worry about managing this account. Here’s a post I wrote with instructions on how to earn your SoFi Money bonus: SoFi Money Referral Bonus: Step By Step Guide.
- Fifth Third Bank ($250) – This offer is limited to customers in the following states: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, Tennessee, West Virginia, and South Carolina. If you don’t live in one of those states, you won’t be able to open an account online but you can still open an account in-branch if you happen to be visiting a city that has a branch. This is a fairly easy bank bonus to earn, especially since there are plenty of data points showing what will trigger the direct deposit requirement. In addition, you can open the Fifth Third Momentum Checking bank account, which comes with no monthly fees or minimum balance requirements. Read my guide on this bonus here.
- Current ($50) – Current is a free fintech bank that’s offering new users a $50 referral bonus after signing up for an account using a referral link.Current is an easy bonus to earn and also gives you access to three savings accounts that pay you 4% interest on up to $2,000. That means you can put away up to $6,000 earning 4% interest. That’s very good and makes Current an account I recommend to everyone. Check out my step-by-step guide on how to earn your Current Bank bonus.
- OnJuno ($100) – OnJuno is a fintech/neobank that is currently offering a $100 referral bonus if you open an account using a referral link and complete a direct deposit of $250 or more. The account has no fees or minimum balance requirements. Even better, the bonus posts immediately after you meet the requirements. If you can meet the direct deposit requirements, OnJuno is an easy bank bonus that’s worth snagging. Check out my OnJuno referral bonus guide here.
- Varo ($50) – Varo is a free fintech banking app similar to Chime or Current. It’s currently offering a $50 bonus to new users that open a new Varo account with a referral link. The bonus for this bank is very easy to meet, all you need to do is spend $20 within 30 days of opening your Varo account. Check out my step-by-step guide to learn how to earn this bonus.
- Fairwinds Credit Union ($100) – Fairwinds Credit Union is offering a referral bonus for users that sign up using a referral link. Fairwinds has no fees or minimum balance, so this is a particularly easy bonus to earn. Since this is a smaller credit union, my gut instinct tells me this offer won’t be around long, so if you’re in a position to meet the bonus requirements, grab this bonus before it’s gone. Here is my step-by-step guide on how to earn your Fairwinds Credit Union bonus.
- Novo Bank ($40) - Novo bank is a free business checking account that’s currently offering a $40 bonus if you open a Novo business checking account using a referral link. In addition to being a good bank bonus, Novo is also a good business checking account. It has no monthly fees or minimum balance requirements and operates a good app and website. Indeed, it’s the business checking account I currently use for this blog. Check out my post on how to easily open a Novo account.
- Spiral ($50) – Spiral is a fintech bank that's currently offering new customers a $50 signup bonus after opening a free checking account with them. The Spiral referral bonus is especially good because it's a free checking account and doesn't require a direct deposit to earn the bonus. Here is my step-by-step guide on how to earn your Spiral Bank bonus.
- One Finance ($50) – One Finance is a fintech bank that’s currently offering a $50 signup bonus if you open an account using a One Finance referral link and have a direct deposit of $250 or more. This is a completely free bank account with no minimum balance requirement, so if you can meet the requirements, it’s worth doing. Check out my One Finance referral bonus guide here.
- Albert ($150) – If you can manage to do a real direct deposit, Albert is an easy account you can use to earn a referral bonus. Here’s a review about Albert I wrote. And here’s a step-by-step guide on how to earn your Albert referral bonus.
- Netspend ($20 + 5% Interest Savings Account) – Netspend is a company that provides 5% interest savings accounts. If you sign up using my referral link, you’ll get a $20 signup bonus once you make your first deposit into your Netspend account of $40 or more. That means you get a 5% interest savings account and a free $20 to start! Make sure to check out my in-depth guide on how to set up these accounts.
Kevin is an attorney and the blogger behind Financial Panther, a blog about personal finance, travel hacking, and side hustling using the gig economy. He paid off $87,000 worth of student loans in just 2.5 years by choosing not to live like a big shot lawyer.
Kevin is passionate about earning money using the gig economy and you can see all the ways he makes extra income every month in his side hustle reports.
Kevin is also big on using the latest fintech apps to improve his finances. Some of Kevin's favorite fintech apps include:
- SoFi Money. A really good checking account with absolutely no fees. You'll get a $25 referral bonus if you open a SoFi Money account with a referral link, and an additional $300 if you complete a direct deposit.
- Upgrade Bank. Upgrade is a free checking account that’s currently offering a $100 referral bonus if you open an account and complete three debit card transactions. These bonus terms are easy to meet, so it’s well worth doing this bonus as soon as you can. Note that it’s now scheduled to end on October 31, 2022.
- Novo Bank. Novo bank is a free business checking account that’s currently offering a $40 bonus if you open a Novo business checking account using a referral link. It’s the business checking account I currently use for this blog.
- M1 Finance. This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $10 for opening an account.
- Personal Capital. One of best free apps you can use to monitor your portfolio and track your net worth. This is one of the apps I use to track my financial accounts.
Feel free to send Kevin a message here.
Interesting, I thought SoFi was just a student loan refinancer but they’re getting into the brokerage business now too.
So many free brokerages are popping up, popularized by Robinhood.
What’s your email address associated with sofi invest? Sofi needs this to approve me your refferal