SoFi Plus Sweepstakes
Join SoFi Plus. You could win up to $400,000.*
We're helping six winners achieve America's top ambitions, from buying a home to fast-tracking retirement.
Enter by 5/14/25.
We're helping six winners achieve America's top ambitions, from buying a home to fast-tracking retirement. Enter by 5/14/25.
*NO PURCHASE NECESSARY. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. Open only to legal residents of the 50 US/DC, 18+. Void where prohibited by law. Sweepstakes ends at 11:59 pm ET on 5/14/25. Subject to Official Rules, including alternate and free methods of entry, prizes, limits, and odds, click here. Sponsor: Social Finance LLC (“SoFi”) 234 First Street, San Francisco, CA 94105.
How to enter the Power of Plus Sweepstakes:
Subscribe to SoFi Plus for $10/month1 or set up direct deposit with SoFi Checking and Savings at no extra cost by 5/14/25.
Look out for your welcome email and click the “enter now” registration link to select your ambition for a chance to win* one of six prizes.
Earn up to 10 bonus entries* when friends you refer subscribe to SoFi Plus. Get another bonus entry* after registering when you share on social. Terms apply.- OR
Enter by mail*—send up to 12 postcards with your selected ambition. See below for Official Rules and mailing address. No purchase necessary.
*NO PURCHASE NECESSARY. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. Open only to legal residents of the 50 US/DC, 18+. Void where prohibited by law. Sweepstakes ends at 11:59 pm ET on 5/14/25. Subject to Official Rules, including alternate and free methods of entry, prizes, limits, and odds, click here. Sponsor: Social Finance LLC (“SoFi”) 234 First Street, San Francisco, CA 94105.
Already a SoFi Plus member?
Check your email for an official registration link. To enter, pick the prize that fits your
ambition for a chance to win.*
Subscribe to SoFi Plus and tell us which of America's top six ambitions you’re working toward for a chance to win.*
Buy a home
$400,000
Pay off your student loans
$70,000
Fast-track your retirement
$35,000
Bucket list vacation
$35,000
Pay for the big day
$35,000
Once-in-a-lifetime tickets
$25,000
*NO PURCHASE NECESSARY. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. Open only to legal residents of the 50 US/DC, 18+. Void where prohibited by law. Sweepstakes ends at 11:59 pm ET on 5/14/25. Subject to Official Rules, including alternate and free methods of entry, prizes, limits, and odds, click here. Sponsor: Social Finance LLC (“SoFi”) 234 First Street, San Francisco, CA 94105.
Introducing the new SoFi Plus: $1,000+ in annual value.2
The more you use, the more you earn—the NEW! SoFi Plus helps you power up your money with extra savings, plus rewards, plus discounts, plus more.
Our highest APY on SoFi Bank savings3
Up to 3.3% cash back rewards on SoFi Credit Cards4
Unlimited 1% match on recurring SoFi Invest® deposits, paid in rewards points5
Unlimited access to SoFi Wealth® Financial Planners6
Plus, much more. Subscribe to SoFi Plus for just $10/month1 or at no extra cost with direct deposit.
2$1,000 value: See assumptions and details below, value is not guaranteed and varies depending on benefits used. Terms apply.
• NO PURCHASE OR PAYMENT IS NECESSARY TO ENTER OR WIN THIS SWEEPSTAKES. A PURCHASE OR PAYMENT OF ANY KIND DOES NOT INCREASE YOUR CHANCES OF WINNING.
• VOID WHERE PROHIBITED BY LAW.
• ALL DISPUTES WILL BE RESOLVED SOLELY BY BINDING ARBITRATION AND ENTRANTS WAIVE THE ABILITY TO BRING CLAIMS IN A CLASS ACTION FORMAT.
BY ENTERING (OR OTHERWISE PARTICIPATING IN) THE SWEEPSTAKES, YOU AGREE TO THESE OFFICIAL RULES, WHICH ARE A BINDING CONTRACT, SO READ THEM CAREFULLY BEFORE ENTERING. WITHOUT LIMITATION, THIS CONTRACT INCLUDES INDEMNITIES TO THE SWEEPSTAKES PARTIES FROM YOU AND A LIMITATION OF YOUR RIGHTS AND REMEDIES.
1. ELIGIBILITY: The Power of Plus Sweepstakes (“Sweepstakes”) is open only to legal residents of one (1) of the fifty (50) United States or the District of Columbia, who are at least eighteen (18) years of age or older as of time/date of entry. Employees, officers and directors of Social Finance LLC (“Sponsor” or “SoFi”), Realtime Media LLC (“Administrator”) and their respective parent companies, affiliates, subsidiaries, advertising, contest, fulfillment and marketing agencies (collectively, the “Sweepstakes Parties”), their immediate family members and those living in the same household as such individuals (whether legally related or not) are not eligible to participate in the Sweepstakes or win a prize. For purposes of this Sweepstakes, immediate family members are defined as spouse, partner, parents, legal guardians, in-laws, grandparents, siblings, children and grandchildren and their respective spouses, and those living in the same household shall mean people who share the same residence at least three (3) months a year, whether legally related or not. In the event that a household, based on address, enters the Sweepstakes using more than five (5) unique email addresses, all of the Sweepstakes entries associated with that household (determined by Sponsor or Administrator at their sole discretion) will be disqualified. Void where prohibited by law, rule or regulation. All federal, state and local laws and regulations apply. By participating in the Sweepstakes, you unconditionally accept and agree to comply with and abide by these “Official Rules” and the decisions of Sponsor, including the interpretation of these Official Rules administration of the Sweepstakes, selection of the winners, and Sponsor’s exercise of discretion, which will be final, non-appealable, and binding in all respects.
2. TIMING: The Sweepstakes begins at 6:00:00 a.m. Pacific Time (“PT”) on February 11, 2025, ends at 11:59:59 p.m. PT on May 14, 2025 (the “Promotion Period”), and includes a grace period at the end for certain entrants to select their Prize Pool as described below. Note: for some methods of entry, the initial steps must be completed before 11:59 p.m. PT on May 14, 2025. Read carefully below. The designated computer clock of the Sponsor is the official time-keeping device in the Sweepstakes.
3. HOW TO ENTER:There are several possible ways to enter this Sweepstakes, if you are eligible per Section 1, above. There are six (6) different options for prize choice (each, a “Prize Pool”), as described in Section 7, below. Each Prize Choice corresponds with a different ambition. Regardless of method of entry, you must ALSO select your Prize Pool, as described below, or you will not receive any entries into the Sweepstakes.
EXISTING SOFI PLUS MEMBERS: During the Promotion Period and before 11:59 p.m. PT on May 14, 2025, if you are an existing SoFi Plus member, click the Power of Plus promotional communication in your SoFi App or email and choose your Prize Pool to enter into the Sweepstakes. You will receive one (1) entry into the Sweepstakes, subject to the limit below only if you subsequently successfully take the steps required to select your one (1) Prize Pool (see below). Downloading the SoFi app is free. You will be directed to select your Prize Pool upon clicking on the call to action button, and you must do so before the end of the Promotion Period.
NEW SOFI PLUS MEMBERS: During the Promotion Period and before 11:59 p.m. PT on May 14, 2025, if you are not yet a SoFi Plus member visit http://sofi.com/powerofplus (the “Website”) and follow the links and instructions to complete and submit the registration form to sign up for SoFi Plus. You can join SoFi Plus in one (1) of two (2) ways:
a. Open a checking or savings account with SoFi Bank and sign up for direct deposit to the checking or savings account, or sign up for direct deposit to an existing SoFi Bank checking and savings account if you already have one. You will receive one (1) entry into the Sweepstakes subject to the limit below only if you subsequently successfully take the steps required to select your one (1) Prize Pool (see below). You will receive the invitation to select your Prize Pool via email within or around three (3) days of when SoFi Bank receives your direct deposit into your SoFi checking or savings account. Due to the inherent delay in the direct deposit schedule, if you open a checking or savings account with SoFi Bank prior to the end of the Promotion Period, you will have a grace period until 11:59 pm PT on June 14, 2025, for SoFi Bank to receive your direct deposit and for you to select your Prize Pool. This grace period is only for those who have signed up for direct deposit to their new checking or savings account.
b. Subscribe to SoFi Plus by paying the SoFi Plus Subscription Fee of $10 every 30 days. Subscribers are billed every 30 calendars based on the initial date of subscription. All terms and conditions applicable to the use of SoFi Plus apply. You will receive one (1) entry into the Sweepstakes subject to the limit below only if you subsequently successfully take the steps required to select your one (1) Prize Pool (see below). You will receive the invitation to select your Prize Pool via email within or around three (3) days of taking the steps above and you must do so before the end of the Promotion Period.
PICK YOUR “AMBITION” PRIZE POOL (required for all entrants described above): During the Promotion Period, using the emailed invitation you receive after taking the steps above, for either existing or new SoFi Plus members, follow the links and instructions in the emailed invitation to visit the “Prize Pick” site and complete and submit the registration form including your full legal name, address (no P.O. Boxes), email address, phone number, date of birth and your one (1) selection of prize from the list below. Unless you entered via signing up for direct deposit, you must complete this step before May 14, 2025, at 11:59 p.m. PT. If you entered via direct deposit, see grace period described in Section 3 (a), above for your deadline. All of your entries will be for the single Prize Pool that you select on the Prize Pick site.
Social Sharing Method of Obtaining an Additional Entry (Limit 1 per person): If you have entered via any of the ways listed above, and selected your Prize Pool, you will have the opportunity to share a link on X or LinkedIn regarding this Sweepstakes, from the thank you page of the Prize Pool selection site. If you do so, you will receive one (1) additional entry into the Sweepstakes subject to the limit below. You may also share a link on Meta/Facebook, but you will not receive an entry for doing so.
Referring Friends Method of Obtaining Additional Entries (Limit 10 referrals per person): If you have entered via any of the ways listed above, and selected your (1) Prize Pool before the deadlines indicated above, for each person you refer to SoFi Plus who subsequently signs up for SoFi Plus using your unique referral link during the Promotion Period, you will receive one (1) entry into the Sweepstakes, subject to the limit below All referrals completed during the Promotion Period will count toward your total entries, even if you were not yet a member of SoFi Plus at the time the referral was completed.
Alternate Method of Entry: mail-in 3×5 paper or card (Limit 12 mail-in entries per person): During the Promotion Period, if you do not choose to enter in any of the ways described above, legibly hand-print your full name, and email address (associated with your SoFi account if you have one), your address (P.O. Boxes are not permitted), your date of birth, your phone number, and state your selected Prize Pool on a plain 3×5 inch paper or card. Mail your completed entry to Realtime Media, Attn: The Power of Plus Sweepstakes Entry, 500 East Oregon Road, Lititz, PA 17543. Each entry must be mailed separately in a hand-addressed, properly-stamped envelope. No photocopied or mechanically reproduced entries will be accepted. Sponsor is not responsible for postage-due entries or for any incorrect or illegible data contained in any sweepstakes entry. Mailed-in entries must be postmarked by May 14, 2025, and received no later than May 21, 2025, to be eligible for the Sweepstakes. All mailed entries become the property of Sponsor and will not be returned or acknowledged. Once you have done so, you will receive one (1) entry into the Sweepstakes for each mailed-in entry, subject to the limit below. You may only select one Prize Pool across all entries. If you select more than one, or fail to indicate your selection, Administrator may randomly select a Prize Pool for your entries.
The Sweepstakes Parties are not responsible for technical, electronic, telephone, hardware, software or network, computer or data transmission errors, malfunctions, or difficulties of any kind, or for false, incorrect, changed, incomplete or illegible contact information.
LIMIT: Each person may submit up to twelve (12) entries during the Promotion Period (regardless of method or combination of methods of entry), including: (i) up to twelve (12) entries by mail, (ii) up to one (1) entry per entrant for opting into the Sweepstakes by clicking the Power of Plus promotional communication in the SoFi app or in your email and following the instructions to complete your registration (existing SoFi Plus members only), (iii) up to one (1) entry per entrant by enrolling in SoFi Plus by receiving a direct deposit to your SoFi Checking or Savings account or paying the SoFi Plus Subscription Fee (new SoFi Plus members only), (iv) up to one (1) entry via the social sharing method of entry described above, and/or (v) up to ten (10) entries via the referral of friends method of entry described above. See additional details for each method of entry above. No individual may receive more than twelve (12) entries total in this Sweepstakes. In addition, each entrant may only select one Prize Pool during the Promotion Period. Attempts made by the same individual to earn more than the stated number of entries, or to enter more than one Prize Pool, by using multiple or false contact information, accounts or otherwise may result in disqualification. Entries generated by a script, computer programs, macro, programmed, robotic or other automated means are void and may be disqualified. Entries that are in excess of the stated limit, incomplete, illegible, corrupted, damaged, destroyed, forged, false, lost, late or misdirected, deceptive or otherwise not in compliance with the Official Rules may be disqualified from the Sweepstakes at Sponsor’s sole and absolute discretion. Those who do not follow all instructions, provide the required information in their entry form, or abide by these Official Rules or other instructions of Sponsor may be disqualified. Entries submitted by those who do not meet the eligibility requirements (including all requirements with respect to age and residence) are void. All materials submitted become the physical property of Sponsor and will not be returned. In the event of a dispute over the identity of an online entrant, entry will be deemed submitted by the registered account holder of the email address associated with the entry for the domain associated with the submitted address, provided that person is eligible. Winners may be required to show proof of being the registered account holders. Registered account holder is defined as the person assigned to an email address by an Internet access provider, online service provider or other organization responsible for assigning email addresses. In the event that a dispute regarding the identity of the individual who submitted an entry cannot be resolved to Sponsor’s satisfaction, the affected entry will be deemed ineligible. All entrants submitting materials/content as part of the Sweepstakes will be non-exclusively licensing (with the unlimited right to sublicense) to Sweepstakes Parties the right to use such materials, and the related images (including entrant’s name and likeness), for any purpose (including any and all commercial purposes) with the right to modify the materials and make derivative works thereof except where prohibited by law. Entrants represent and warrant that the materials submitted will not infringe or violate any right whatsoever, including, without limitation, any personal rights (e.g., defamation, privacy, false light, moral right, etc.) or any property rights (e.g., copyright, trademark, right to ideas, etc.) of any person or entity and the use thereof will result in no third-party liability or obligations.
4. SWEEPSTAKES DRAWINGS: There will be six (6) potential winners selected in this Sweepstakes, one (1) for each Prize Pool listed below, via a random drawing on or about July 7, 2025, from among all eligible entries received for the applicable Prize Pool in accordance with these Official Rules.
5. ODDS: Odds of winning a Sweepstakes prize depend on the total number of eligible entries received for each of the six Prize Pools.
6. WINNER NOTIFICATION/PRIZE CLAIMING: Each potential winner will be notified via email using the information provided during entry in a commercially reasonable time after the drawing (typically within three (3) days). The Sweepstakes Parties are not responsible for and shall not be liable for false, incorrect, changed, incomplete or illegible contact information or for electronic communications that are undeliverable as a result of any form of active or passive filtering of any kind, or insufficient space in entrant’s email or other account to receive messages or late, lost, damaged, intercepted, misdirected, or unsuccessful efforts to notify the potential winner. Notification is deemed to have occurred immediately upon sending of an email or placing of a phone call. If a potential winner cannot be contacted within a reasonable time period, if potential winner is ineligible, if any notification is returned undeliverable, or if a potential winner otherwise fails to fully comply with these Official Rules, potential winner will forfeit the prize and an alternate winner may be selected from among all remaining eligible entries for that Prize Pool. As part of the winner notification process, each potential winner will be required to complete and submit a declaration of eligibility/release of liability/prize acceptance agreement (“Declaration”), and a “Media Release” form, within five (5) days of date of notification, as a condition of receiving a prize. If a potential winner fails or refuses to sign and return the Declaration and Media Release within the required time period or if Declaration or Media Release is returned as rejected, faulty, unclaimed or returned as undeliverable to potential winner, and/or the potential winner is otherwise noncompliant, the potential winner will be disqualified and an alternate will be selected, up to three (3) alternates, after which the applicable prize will remain un-awarded. A potential winner becomes a “Winner” only after verification of eligibility by Sponsor. If no entrants select a particular Prize Pool, the applicable prize will be awarded an alternate winner in a random drawing from among all remaining eligible entries for any other Prize Pool.
Parents or legal guardians of any prize winner under the age of majority in their state/jurisdiction of residence (which is eighteen (18) in most states but is nineteen (19) in Alabama and Nebraska and twenty-one (21) in Mississippi) may be required to also sign the Declaration in order for the prize winner to be qualified to receive his or her prize.
No more than the stated number of prizes will be awarded. If, for any reason, more bona fide winners come forward seeking to claim prizes in excess of the number of prizes set forth in these Official Rules, the winner(s) of the advertised prizes available may be selected in a random drawing from among all persons making purportedly valid claims for such prize(s). Inclusion in such drawing shall be each entrant’s sole and exclusive remedy under such circumstances.
7. PRIZES/PRIZE RESTRICTIONS: The prizes to be awarded in this Sweepstakes are:
ONE (1) “HOME AMBITION” PRIZE: $400,000 deposited into winner’s SoFi Checking & Savings account that may be used toward purchase of a home. Approximate Retail Value (“ARV”): $400,000.
ONE (1) “STUDENT DEBT AMBITION” PRIZE: $70,000 deposited into winner’s SoFi Checking & Savings account that may be used toward paying off student debt. ARV: $70,000.
ONE (1) “RETIREMENT AMBITION” PRIZE: $35,000 deposited into winner’s SoFi Checking & Savings account that may be used toward retirement. ARV: $35,000.
ONE (1) “VACATION AMBITION” PRIZE: $35,000 deposited into winner’s SoFi Checking & Savings account that may be used toward vacation. ARV: $35,000.
ONE (1) “WEDDING AMBITION” PRIZE: $35,000 deposited into winner’s SoFi Checking & Savings account that may be used toward a wedding. ARV: $35,000.
ONE (1) “ENTERTAINMENT AMBITION” PRIZE: $25,000 deposited into winner’s SoFi Checking & Savings account that may be used toward entertainment. ARV: $25,000.
SoFi will deliver the prize winnings to the winner only by transfer to the winner’s SoFi Bank Checking & Savings account within 30 – 60 days from the day the Administrator verifies the winner. If a winner does not have a SoFi Bank Checking & Savings account, he or she can open an account for free on the SoFi app or at www.sofi.com for SoFi to deposit funds into the winner’s account. Each winner must still have or must create a SoFi Checking & Savings account within 60 days of when the Administrator verifies the winner, in order to receive the prize or it will be forfeited. In the event a person attempts to open a SoFi Checking & Savings account and is deemed ineligible for the account, SoFi will distribute the prize amount in a reasonable alternate manner at SoFi’s discretion. Prizes are non-transferable, with no cash redemptions, equivalents, or substitutions except at Sponsor’s sole and absolute discretion. All prize details not specified in these Official Rules will be determined in Sponsor’s sole and absolute discretion. Prize details and availability are subject to change and prize provider’s rules and restrictions, and in the event that Sponsor is unable to provide a winner with a prize, the Sponsor may elect to provide a winner with the approximate value of such item in cash or award an alternate prize of comparable or greater value. Prizes are awarded “AS IS” and without warranty of any kind, express or implied (including, without limitation, any implied warranty of merchantability or fitness for a particular purpose). Each winner will be solely responsible for all federal, state and/or local taxes, and for any other fees or costs associated with the prize received, regardless of whether they, in whole or in part, are used. The ARV of each prize is based on available information provided to Sponsor and the value of the prize awarded to a winner will be reported for tax purposes as required by law. Each winner will be required to provide Sponsor with a valid social security number before the prize will be awarded for tax reporting purposes. An IRS Form 1099 will be issued in the name of winner for the actual value of the prize received. Any unclaimed prize will be forfeited. Prizes, if legitimately claimed, will be awarded. The Sweepstakes Parties are not responsible for and will not replace any lost, mutilated or stolen prizes or any prize that is undeliverable or does not reach the winner because of an incorrect or changed address. If a winner does not accept or use the entire prize, the unaccepted or unused part of the prize will be forfeited and the Sweepstakes Parties will have no further obligation with respect to that prize or portion of the prize. No more than the stated prizes will be awarded. The total ARV of the prizes awarded in this Sweepstakes is $600,000. Limit: One (1) prize per person and per household. The Sweepstakes Parties are not responsible for, and winner will not receive the difference, if any, between the actual value of the prize at the time of award and the stated ARV in these Official Rules or in any Sweepstakes-related correspondence or material. Prizes will be fulfilled approximately thirty (30) to sixty (60) days after winners are verified.
8. GENERAL: Subject to applicable law, each winner hereby expressly grants to the Sweepstakes Parties and their respective successors, assigns, sublicensees and designees, the irrevocable right to use and publish his/her name, Ambitions Content, social handles, likeness (photographic or simulated), voice, biography and place of residence for all purposes, including, without limitation, advertising, marketing, promotional and publicity purposes in connection with this Sweepstakes (“Advertising”), in any and all media now or hereafter devised, worldwide, in perpetuity, without any form of notice, permission or any amount or kind of compensation, except for the awarding of the prize(s) to the winner(s). All copyright, trademark or other intellectual property rights in such Advertising shall be owned by Sponsor and/or its licensors, and winner hereby disclaims and waives any claim of right to such Advertising. Such Advertising shall be solely under the control of Sponsor and/or its licensors, and each winner hereby waives any claim of control over the Advertising content as well as any possible claims of misuse of such winning recipient’s name, likeness or voice under contract, tort or any other theory of law. The Sweepstakes Parties do not assume any responsibility for any disruption in the Sweepstakes, including, but not limited to, the failure or interruption of any social media platform or any internet service provider. In the event there is a discrepancy or inconsistency between disclosures and other statements contained in any Sweepstakes materials and the terms and conditions of these Official Rules, these Official Rules shall prevail, govern, and control. In the event Sponsor is prevented from continuing with the Sweepstakes by any event beyond its control, including, but not limited to, fire, flood, epidemic, pandemic, earthquake, explosion, labor dispute or strike, act of God or public enemy, communications or equipment failure, utility or service interruptions, riot or civil disturbance, terrorist threat or activity, war (declared or undeclared), interference with the Sweepstakes by any party, or any federal, state, or local government law, order, or regulation, order of any court or jurisdiction, or other cause not reasonably within Sponsor’s control (each, a “Force Majeure” event or occurrence), Sponsor shall have the right to modify, suspend or terminate the Sweepstakes or prize. Sponsor additionally reserves the right, in its sole and absolute discretion: (a) to modify, suspend or terminate the Sweepstakes should causes beyond Sponsor’s control corrupt or interfere with the administration, integrity, operation, security or proper play of the Sweepstakes; or (b) to disqualify any entrant found to be, or suspected of: (i) tampering with the entry process or the operation of the Sweepstakes; (ii) acting in violation of these Official Rules; or (iii) acting in an un-sportsmanlike manner.
9. CONDUCT: The Sweepstakes Parties are not responsible for the actions of entrants in connection with the Sweepstakes, including entrants’ attempts to circumvent the Official Rules or otherwise interfere with the administration, security, fairness, integrity or proper conduct of the Sweepstakes. The Sweepstakes Parties reserve the right, at their sole discretion, to disqualify any individual found to be tampering with the participation process or the operation of the Sweepstakes, or to be acting in any manner deemed by the Sweepstakes Parties to be in violation of the Official Rules, or to be acting in any manner deemed by the Sweepstakes Parties to be unsportsmanlike or disruptive, or with intent to annoy, abuse, threaten or harass any other person and void all associated Entries and/or registrations. CAUTION: ANY ATTEMPT BY A USER, YOU OR ANY OTHER INDIVIDUAL TO DAMAGE OR UNDERMINE THE LEGITIMATE OPERATION OF THE SWEEPSTAKES IS A VIOLATION OF CRIMINAL AND CIVIL LAWS, AND SHOULD SUCH AN ATTEMPT BE MADE, THE SWEEPSTAKES PARTIES RESERVE THE RIGHT TO SEEK DAMAGES AND OTHER REMEDIES (INCLUDING ATTORNEYS’ FEES) FROM ANY SUCH PERSON TO THE FULLEST EXTENT PERMITTED BY LAW. Sponsor reserves the right, at its sole and absolute discretion, to disqualify (or terminate the prize of) any individual who is found to be, or suspected of, acting in violation of these Official Rules, or to be acting in an unsportsmanlike, obscene, immoral or disruptive manner, or with the intent to annoy, abuse, threaten or harass any other person.
10. WAIVERS AND DISCLAIMERS: The Sweepstakes Parties assume no responsibility or liability for: (a) lost, late, stolen, undelivered, inaccurate, incomplete, delayed, misdirected, damaged or garbled registrations, entries, URLs, or emails; (b) any incorrect or inaccurate entry information, or for any faulty or failed electronic data transmissions; (c) any unauthorized access to, or theft, destruction or alteration of entries or registrations at any point in the operation of this Sweepstakes; (d) any technical malfunction, failure, error, omission, interruption, deletion, defect, delay in operation or communications line failure, regardless of cause, with regard to any equipment, systems, networks, lines, cable, satellites, servers, computers or providers utilized in any aspect of the operation of the Sweepstakes; (e) inaccessibility or unavailability of the Internet or the website or any combination thereof or for computer hardware or software malfunctions, failures or difficulties, or other errors or difficulties of any kind whether human, mechanical, electronic, computer, network, typographical, printing or otherwise relating to or in connection with the Sweepstakes, including, without limitation, errors or difficulties which may occur in connection with the administration of the Sweepstakes, the processing of entries, social networking posts, or registrations, the announcement of the prizes, or in any other Sweepstakes-related materials; or (f) any injury or damage to entrants or to any other person’s computer which may be related to or resulting from any attempt to participate in the Sweepstakes. If, for any reason, the Sweepstakes (or any part thereof) is not capable of running as planned for reasons which may include, without limitation, infection by computer virus, tampering, unauthorized intervention, fraud, technical failures, or any other causes which may corrupt or affect the administration, security, fairness, integrity or proper conduct of this Sweepstakes, then the Sweepstakes Parties reserve the right at their sole discretion to cancel, terminate, modify or suspend the Sweepstakes in whole or in part. If terminated, the Sweepstakes Parties will award the prizes from among all non-suspect, eligible entries received for the Sweepstakes up to the time of such action.
11. RELEASES: All entrants, as a condition of participation in this Sweepstakes, agree to release, discharge, indemnify and hold harmless the Sweepstakes Parties, and each of their respective directors, officers, employees, agents, successors and assigns (collectively, “Released Parties”) from and against any and all liability, claims, costs (including attorneys’ fees), losses, damages, fines, or actions of any kind whatsoever for injuries, damages, or losses to persons or property which may be sustained, in whole or in part, directly or indirectly, in connection with: (i) participation in any aspect of the Sweepstakes (including travel to/from any Sweepstakes activity), (ii) the receipt, ownership, use or misuse of the prize awarded, including any travel associated with any prize, (iii) the Released Parties’ violation of rights of publicity or privacy, claims of defamation or portrayal in a false light or based on any claim of infringement of intellectual property; (iv) entrant’s registration material on any related website, or (iv) any typographical, human or other error in the printing, offering, selection, operation or announcement of any Sweepstakes activity and/or prize.
12. GOVERNING LAW AND LIMITATION OF LIABILITY: All issues and questions concerning the construction, validity, interpretation and enforceability of these Official Rules or the rights and obligations of entrants, Sponsor or the Released Parties in connection with the Sweepstakes will be governed by and construed in accordance with the internal laws of the State of California, without giving effect to any choice of law or conflict of law rules or provisions that would cause the application of any other laws.
BY ENTERING THE SWEEPSTAKES, ENTRANT AGREES THAT TO THE EXTENT PERMITTED BY APPLICABLE LAW: (A) ANY AND ALL DISPUTES, CLAIMS AND CAUSES OF ACTION ARISING OUT OF OR CONNECTED WITH THE SWEEPSTAKES, OR ANY PRIZE AWARDED, WILL BE RESOLVED INDIVIDUALLY, WITHOUT RESORT TO ANY FORM OF CLASS ACTION; (B) ANY AND ALL CLAIMS, JUDGMENTS AND AWARDS WILL BE LIMITED TO ACTUAL THIRD-PARTY, OUT-OF-POCKET COSTS INCURRED (IF ANY) NOT TO EXCEED TEN DOLLARS ($10.00), BUT IN NO EVENT WILL ATTORNEYS’ FEES BE AWARDED OR RECOVERABLE; (C) UNDER NO CIRCUMSTANCES WILL ANY ENTRANT BE PERMITTED TO OBTAIN ANY AWARD FOR, AND ENTRANT HEREBY KNOWINGLY AND EXPRESSLY WAIVES ALL RIGHTS TO SEEK, PUNITIVE, INCIDENTAL, CONSEQUENTIAL OR SPECIAL DAMAGES, LOST PROFITS AND/OR ANY OTHER DAMAGES, OTHER THAN ACTUAL OUT OF POCKET EXPENSES NOT TO EXCEED TEN DOLLARS ($10.00), AND/OR ANY RIGHTS TO HAVE DAMAGES MULTIPLIED OR OTHERWISE INCREASED; AND (D) ENTRANTS’ REMEDIES ARE LIMITED TO A CLAIM FOR MONEY DAMAGES (IF ANY) AND ENTRANT IRREVOCABLY WAIVES ANY RIGHT TO SEEK INJUNCTIVE OR EQUITABLE RELIEF. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATIONS OR EXCLUSION OF LIABILITY, SO THE ABOVE MAY NOT APPLY TO YOU.
13. ARBITRATION AND DISPUTE RESOLUTION: The parties each agree to finally settle all disputes only through arbitration; provided, however, the Sponsor shall be entitled to seek injunctive or equitable relief in the state and federal courts in the State of California, and any other court with jurisdiction over the parties. In arbitration, there is no judge or jury and review is limited. The arbitrator’s decision and award is final and binding, with limited exceptions, and judgment on the award may be entered in any court with jurisdiction. The parties agree that, except as set forth above, any claim, suit, action or proceeding arising out of or relating to this Sweepstakes shall be resolved solely by binding arbitration administered by the American Arbitration Association (“AAA”). Either party can elect to have the arbitration administered by any other mutually agreeable arbitration administration service. If an in-person hearing is required, then it will take place in the State of California. The federal or state law that applies to these Official Rules will also apply during the arbitration. Disputes will be arbitrated only on an individual basis and will not be consolidated with any other proceedings that involve any claims or controversy of another party, including any class actions; provided, however, if for any reason any court or arbitrator holds that this restriction is unconscionable or unenforceable, then the agreement to arbitrate doesn’t apply and the dispute must be brought in a court of competent jurisdiction in the State of California. Sponsor agrees to pay the administrative and arbitrator’s fees in order to conduct the arbitration (but specifically excluding any travel or other costs of entrant to attend the arbitration hearing). Either party may, notwithstanding this provision, bring qualifying claims in small claims court.
14. ENTRY INFORMATION AND SWEEPSTAKES COMMUNICATIONS: As a condition of entering the Sweepstakes, each entrant gives consent for Sponsor to obtain and deliver his or her name, address and other information to third parties for the purpose of administering this Sweepstakes and to comply with applicable laws, regulations and rules. Any information entrant provides to Sponsor may be used to communicate with entrant in relation to this Sweepstakes or on a Sweepstakes winner’s list. By participating in the Sweepstakes, entrant agrees to all of the terms and conditions of the Sponsor’s Privacy Policy, which is available at www.sofi.com/privacy-policy. In the event of any discrepancy between the Sponsor’s Privacy Policy and these Official Rules, these Official Rules shall control and govern.
15. MISCELLANEOUS: The invalidity or unenforceability of any provision of these Official Rules or the Declaration will not affect the validity or enforceability of any other provision. In the event that any provision of the Official Rules or the Declaration is determined to be invalid or otherwise unenforceable or illegal, the other provisions will remain in effect and will be construed in accordance with their terms as if the invalid or illegal provision were not contained herein. Sponsor’s failure to enforce any term of these Official Rules will not constitute a waiver of that provision. Entrants agree to waive any rights to claim ambiguity of these Official Rules. Headings are solely for convenience of reference and will not be deemed to affect in any manner the meaning or intent of the documents or any provision hereof. In the event there is a discrepancy or inconsistency between disclosures or other statements contained in any Sweepstakes-related materials, privacy policy or terms of use on any website, social media platform or application and/or the terms and conditions of the Official Rules, the Official Rules shall prevail, govern and control and the discrepancy will be resolved in Sponsor’s sole and absolute discretion.
16. WINNERS LIST: To receive the names of the prize winners, send a #10 self-addressed, stamped envelope for receipt by August 16, 2025 to: Power of Plus Sweepstakes – Winners List Request, c/o Realtime Media, 1001 Conshohocken State Road, Suite 2–100, West Conshohocken, PA 19428.
17. SPONSOR: Social Finance LLC (“SoFi”) 234 First Street, San Francisco, CA 94105. Reference to third parties in connection with prizes and/or third-party websites or services are for reference and identification purposes only and not intended to suggest endorsement, sponsorship or affiliation with Sponsor or the Sweepstakes.
18. ADMINISTRATOR: Realtime Media LLC, 1001 Conshohocken State Road, Suite 2–100, West Conshohocken, PA 19428.
SoFi Plus: SoFi Plus is a premium membership that gives members access to our best APY, discounts, rewards, and more when they set up Direct Deposit or pay the SoFi Plus Subscription Fee. Benefits are subject to change and may not be available to everyone. All terms and conditions applicable to the use of SoFi Plus apply. To learn more about SoFi Plus and available benefits and terms, please see the SoFi Plus page.
1$10 subscription fee: Subscribers are billed every 30 calendar days based on the initial date of subscription.
SoFi Checking and Savings is offered through SoFi Bank, N.A. Member FDIC.
2$1,000 Value of SoFi Plus membership: The value of a SoFi Plus membership varies depending on benefits used and there is no guarantee you will reach any specific value. $1,000 value assumes a SoFi Plus member uses the following benefits in the year: $6,000 deposited in a high yield savings account, $27,000 spent on the SoFi Unlimited 2% Credit Card, and one additional annual session (beyond the basic benefit) with a financial planner. Other benefits may be available. Rewards points redeem at a rate of 1 cent per every point. SoFi Plus member must be approved for a SoFi Credit Card in order to receive the corresponding benefit. Savings and spend assumptions are based on median activity from existing SoFi Plus members for the period of 10/16/23 – 10/16/24.
3Highest APY on SoFi Bank savings: SoFi members with direct deposit activity can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. SoFi members with direct deposit are eligible for other SoFi Plus benefits.
As an alternative to direct deposit, SoFi members with Qualifying Deposits can earn 3.80% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that, in the aggregate, are equal to or greater than $5,000 to an account holder’s SoFi Checking and Savings account (“Qualifying Deposits”) during a 30-day Evaluation Period (as defined below). Qualifying Deposits only include those deposits from the following eligible sources: (i) ACH transfers, (ii) inbound wire transfers, (iii) peer-to-peer transfers (i.e., external transfers from PayPal, Venmo, etc. and internal peer-to-peer transfers from a SoFi account belonging to another account holder), (iv) check deposits, (v) instant funding to your SoFi Bank Debit Card, (vi) push payments to your SoFi Bank Debit Card, and (vii) cash deposits. Qualifying Deposits do not include: (i) transfers between an account holder’s Checking account, Savings account, and/or Vaults; (ii) interest payments; (iii) bonuses issued by SoFi Bank or its affiliates; or (iv) credits, reversals, and refunds from SoFi Bank, N.A. (“SoFi Bank”) or from a merchant. SoFi members with Qualifying Deposits are not eligible for other SoFi Plus benefits.
SoFi Bank shall, in its sole discretion, assess each account holder’s Direct Deposit activity and Qualifying Deposits throughout each 30-Day Evaluation Period to determine the applicability of rates and may request additional documentation for verification of eligibility. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving a Direct Deposit or $5,000 in Qualifying Deposits to your account, you will begin earning 3.80% APY on savings balances (including Vaults) and 0.50% on checking balances on or before the following calendar day. You will continue to earn these APYs for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Direct Deposit activity or $5,000 in Qualifying Deposits without interruption.
SoFi Bank reserves the right to grant a grace period to account holders following a change in Direct Deposit activity or Qualifying Deposits activity before adjusting rates. If SoFi Bank grants you a grace period, the dates for such grace period will be reflected on the APY Details page of your account. If SoFi Bank determines that you did not have Direct Deposit activity or $5,000 in Qualifying Deposits during the current 30-day Evaluation Period and, if applicable, the grace period, then you will begin earning the rates earned by account holders without either Direct Deposit or Qualifying Deposits until you have Direct Deposit activity or $5,000 in Qualifying Deposits in a subsequent 30-Day Evaluation Period. For the avoidance of doubt, an account holder with both Direct Deposit activity and Qualifying Deposits will earn the rates earned by account holders with Direct Deposit.
Separately, SoFi members who enroll in SoFi Plus by paying the SoFi Plus Subscription Fee every 30 days can also earn 3.80% APY on savings balances (including Vaults) and 0.50% APY on checking balances. For additional details, see the SoFi Plus Terms and Conditions at SoFi.com/terms-of-use/#plus.
Members without either Direct Deposit activity or Qualifying Deposits, as determined by SoFi Bank, during a 30-Day Evaluation Period and, if applicable, the grace period, or who do not enroll in SoFi Plus by paying the SoFi Plus Subscription Fee every 30 days, will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances.
Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. Additional information can be found at SoFi.com/legal/banking-rate-sheet.
SoFi Credit Cards are issued by SoFi Bank, N.A. pursuant to license by Mastercard® International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
410% Boost on Cash Back Rewards Points for SoFi Credit Card Purchases: Members who meet the eligibility criteria shall earn a 10% boost on cash back rewards rates for all eligible purchases made with a SoFi Credit Card (the “Promotion”). A 10% boost means that a 10% multiplier shall be applied to existing cash back rewards rates (e.g., a purchase previously earning 100 rewards points would now earn 110 with the promotion). For purposes of calculating the 10% boost on cash back rewards points, each transaction shall be rounded to the nearest dollar, and fractional points shall be rounded to the nearest whole point. The 10% boost shall not apply to (i) transactions that are not eligible for cash back rewards points, including: fees or interest charges, balance transfers or cash advances, purchase of traveler’s checks or other cash equivalents, purchase or reloading of prepaid cards, or other quasi-cash transactions; or (ii) courtesy rewards points that are manually awarded. SoFi shall, in its sole discretion, determine whether a transaction is eligible to earn the 10% boost under this Promotion.
To be eligible for this Promotion, you must be successfully enrolled in SoFi Plus during the Promotion Period. In order to enroll in SoFi Plus and to continue to receive the 10% boost, you must either (i) receive a Direct Deposit during each 30-Day Evaluation Period (as defined below) or (ii) pay the SoFi Plus Subscription Fee every 30 days, as detailed in the SoFi Plus Terms and Conditions. Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network. Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g. IRS tax refunds), do not constitute Direct Deposit activity.
The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving a Direct Deposit to your account, you will begin earning the 10% boost on cash back rewards. You will continue to earn the 10% boost for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Direct Deposit activity without interruption. SoFi Bank reserves the right to grant a grace period to account holders following a change in Direct Deposit activity before terminating your 10% boost benefit. If SoFi Bank grants you a grace period, the dates for such grace period will be reflected on the APY Details page of your account. If SoFi Bank determines that you did not receive a Direct Deposit during the current 30-day Evaluation Period and, if applicable, the grace period, then you will no longer earn the 10% boost until you have Direct Deposit activity in a subsequent 30-Day Evaluation Period. In certain cases, it may take up to 90 days for your Direct Deposit to be recognized, after which you will begin earning the 10% boost on cash back rewards. If you do not see your 10% boost on cash back rewards benefit after 90 days, please contact our help center.
Promotion Period: The Promotion will begin on 4/1/24 at 1:00 PM ET. SoFi reserves the right to terminate or make changes to this Promotion at any time.
Eligible Participants: All new and existing SoFi Credit Card members who successfully enroll in SoFi Plus during the Promotion Period are eligible for this Promotion. In order to enroll in SoFi Plus and to continue to receive the 10% boost, you must either (i) receive a Direct Deposit during each 30-Day Evaluation Period or (ii) pay the SoFi Plus Subscription Fee every 30 days, as detailed in the SoFi Plus Terms and Conditions. A member shall not earn the 10% boost under this Promotion if they are currently earning 3% cash back rewards points under the 3% Cash Back Rewards Promotion. If you currently benefit from the 3% Cash Back Rewards Promotion, then you will continue to earn 3% cash back rewards points until you are either no longer eligible or until the expiration of such benefit, as provided in the 3% Cash Back Rewards Promotion terms. Upon the expiration of your 3% cash back rewards points benefit, you will be eligible to earn the 10% boost under this Promotion, provided that you meet the eligibility criteria stated herein. Offer limited to one per SoFi Checking and Savings account. A SoFi Credit Card account will only benefit from the 10% boost under this Promotion if the primary SoFi Credit Card account holder receives a Direct Deposit into their SoFi Checking or Savings account (or, in the case of a joint Checking and Savings account, a joint account holder receives a Direct Deposit). SoFi reserves the right to exclude any member from participating in this Promotion for any reason, including suspected fraud, misuse, or if suspicious activities are observed.
51% Match on Recurring Invest Deposits: You must be a SoFi Plus member at the time a recurring deposit is received into your SoFi Invest® account in order to receive this 1% match benefit. “Recurring deposits” refer to ACH transfers scheduled with a frequency of weekly, every two weeks, or monthly into either your Active SoFi Invest® account or your SoFi Wealth Automated Investing account. Regular deposits set up from your SoFi Checking & Savings account using Autopilot are eligible for the bonus. One-time transfers are excluded from the bonus. If funds are withdrawn and later redeposited manually into your SoFi Invest® account, the manual deposit will not be eligible for the bonus. Offer can be combined with SoFi Invest® 1% IRA match. SoFi Invest encompasses two distinct companies, with various products and services offered to investors as described below:
1) Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-registered investment adviser (“SoFi Wealth“). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC.
2) Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA/SIPC. Clearing and custody of all securities are provided by APEX Clearing Corporation.
Individual customer accounts may be subject to the terms applicable to one or more of these platforms. For additional disclosures related to the SoFi Invest platforms described above please visit SoFi.com/legal.
Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform.
Please note that the Active Invest platform is self-directed, therefore all monies transferred to your SoFi Active Invest will not be automatically invested.
Bonuses will be paid out as rewards points within two weeks of the end of the calendar month. See Rewards Terms of Service. Members must enroll in Rewards in order to redeem their points, but not to be eligible for the bonus. Learn more about our SoFi Member Rewards program here. Bonus will not be paid out on SoFi InvestⓇ or SoFi Wealth accounts that are closed or pending closure.
Bonus amounts are calculated on the total net recurring inflows (incoming recurring ACH transfers less outgoing transfers) per calendar month. For example, if you have a recurring Invest deposit of $1,000 on 11/4/2024 and withdraw $500 on 11/15/2024 and make no other deposits or withdrawals to your SoFi InvestⓇ account for the month, you will earn 500 rewards points, equal to 1% of $500 net monthly inflows. If you lose SoFi Plus eligibility at any point throughout the month, you will earn the 1% match only on recurring deposits received while you were a Plus member. All withdrawals in the calendar month (regardless of Plus status) will count against your bonus. For example, if you have a recurring Invest deposit of $1,000 on 11/4/2024 as a SoFi Plus member, lose Plus status on 11/10/2024, and have another recurring Invest deposit of $1,000 on 11/12/2024, you would earn $10 in rewards points (1% of the $1,000 that was deposited while you were a Plus member).
Eligibility Period: Funds must remain in your SoFi InvestⓇ account for two years to be eligible for the bonus. If the deposit is removed prior to the end of the two-year Eligibility Period, SoFi, at its discretion may remove the corresponding proportion of the 1% Match from the customer’s account. For instance, if $1,000 was deposited receiving a $10 rewards points match and $500 was withdrawn in a subsequent month, SoFi may remove $5 in rewards points from the bonus. SoFi reserves the right to liquidate securities to pay for the removal of the Match bonus. Further, SoFi may bill this to a receiving firm in the event of an account transfer.
6Unlimited Access to Financial Planners: SoFi Plus members can schedule an unlimited number of appointments with a financial planner during periods in which the SoFi Plus member meets the eligibility criteria set forth in section 10(a) of the SoFi Plus Terms and Conditions. SoFi members who are not members of SoFi Plus can schedule one (1) appointment with a financial planner. The ability to schedule appointments is subject to financial planner availability. SoFi reserves the right to change or terminate this benefit at any time with or without notice. Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov.
2x rewards points on qualifying activity: SoFi Plus members can earn double the rewards points as stated in the “Ways to earn” section of the Membership & Rewards Center for qualifying earning activities during periods in which the SoFi Plus member meets the SoFi Plus eligibility criteria. The qualifying earning activities exclude the following: Credit or Debit card spend paid in rewards points, welcome bonuses paid in rewards points (including any referral bonuses paid in rewards points), and select promotions with bonuses paid in rewards points. The specific number of rewards points is subject to change at any time and can be found in the “Ways to earn” section of the Membership & Rewards Center.
Preferred IPO Access: A SoFi Plus membership is one of many factors used by Sofi Securities, LLC to determine an investor’s allocation. Members enrolled in the Plus program may have an increased chance of receiving a larger percentage of their indication than those who are not enrolled. New offers (IPOs) generally have high demand and there are a limited number of shares available. Having a SoFi Plus membership does not guarantee that you will be allocated the number of shares you requested in your Indication of Interest (IOI) or any shares at all. For SoFi’s allocation procedures please refer to IPO Allocation Procedures.
Elevated Earn on SoFi Travel: SoFi Plus members earn 3% cash back in rewards points on hotel bookings through SoFi Travel (“Elevated Earn”). All terms and conditions applicable to the use of SoFi Member Rewards apply. To learn more about SoFi Member Rewards, please see the Rewards page. Rewards points will be awarded within 60 days of travel completion. If you do not see your rewards points after 60 days of travel completion, please see our help center or contact us at 855-456-7634. Bookings made on non-hotel lines of business (e.g., air, car, activities) are not eligible for the Elevated Earn. When you elect to redeem rewards points toward active SoFi accounts, including but not limited to, your SoFi Checking or Savings account, SoFi Money® account, SoFi Active Invest account, SoFi Automated Invest account, SoFi Credit Card account, SoFi Personal Loan, Private Student Loan, Student Loan Refinance, or toward SoFi Travel purchases, your rewards points will redeem at a rate of 1 cent per every point. SoFi reserves the right to exclude any member from participating in the SoFi Member Rewards Program for any reason, including suspected fraud, misuse, or if suspicious activities are observed. SoFi also reserves the right to stop or make changes to this Program at any time.
$1K Mortgage Loan Discount: SoFi offers a one-time standard member discount on loans originated by SoFi Bank of $500 off the standard $1,495 origination fee for a home purchase or refinance mortgage and $200 off the $1,295 origination fee for home equity loan or line of credit. To be eligible for the discount, a person must be a registered SoFi member at the time the home loan application is approved (indicated as “final approval”), and the applicant must have a current or prior SoFi Personal Loan, Student Loan, or SoFi Money or Checking/Savings account with an account balance greater than $0, or be a SoFi Invest account holder with a balance greater than $10,000. Based on regulatory requirements, the name of the origination fee may vary in certain states.
In addition to the standard SoFi member discount, SoFi Plus members are also eligible for an additional one-time discount on loans originated by SoFi Bank of $500 off the standard origination fee for a home purchase or refinance mortgages. To be eligible for the SoFi Plus member discount, the member must receive a Direct Deposit into their SoFi Checking/Savings account or pay the SoFi Plus Subscription Fee, at or before the time their home loan application is approved (indicated as “approved with conditions”). Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate.
SoFi reserves the right to change or terminate this discount at any time with or without notice.
Discounts are not available on products or in states where no origination fee is assessed including Texas and VA loans. The Discounts described above are only available for new loans of a different type from loans previously or currently held by the member. For example, a person with an existing or prior SoFi mortgage or home equity loan or line of credit is not eligible to receive the Discount on another first-lien or second-lien loan. Consult your tax advisor to determine applicable tax consequences.
Personal Loan Rate Discount: To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your “Loan”), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.
90-Day Free SoFi Plus Trial for Students: Members who sign up for a SoFi Plus subscription using an email address ending in .edu will receive their first 90 days of SoFi Plus for $0.00. On day 91 after signup, the payment method will be charged $10. You must provide a valid payment method and service will automatically renew every month unless you terminate. You must cancel your subscription during your free trial period to avoid charges. To cancel, visit the Subscription Management page of the Membership & Rewards Center.
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America’s most rewarding financial membership: Based on a series of blinded surveys of financial memberships across banking, borrowing, investing, and credit cards. A nationally representative sample of 900 consumers were asked to rank offerings based on the question “Which financial membership brand is most rewarding?” Results as of January 2025. See SoFi.com/plus-survey for details.
SoFi Plus Experiences: Unless otherwise specified, you must be a SoFi Plus member or guest of a SoFi Plus member to attend a SoFi Member In-Person Experience (a “Member Experience”). By signing up for a Member Experience, you acknowledge that SoFi may record or photograph the Member Experience (including you, your likeness and voice) and may use such recordings or photographs publicly or privately in any form of media, including for commercial purposes. By attending a Member Experience, you consent to the recording and photographing of such Member Experience and grant SoFi an unrestricted, perpetual, non-excluding, and sublicensable license, to take, use, display, perform, distribute or exploit for any lawful and commercial purpose any recordings or photographs. By attending a Member Experience, you also agree that you will make no monetary or other claim against SoFi for the use of the recordings or photographs. If you do not agree, please do not claim a ticket and do not attend the event. We believe our community should be truly open for everyone. As such, we are committing to providing a friendly, safe, and welcoming environment for all regardless of gender, sexual orientation, disability, race, ethnicity, national origin, age, or religion. View the SoFi Experiences Code of Conduct.