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Rakuten and SoFi increased (expired) offer

Sep 16, 2024

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Rakuten and SoFi increased offer is currently being offered for up to a total of $550. To receive the full offer you must be a new SoFi member, & direct deposit a minimum of $5000 in 24 days via ACH transfer. This offer consists of $250 via Rakuten if you have a minimum of $500 direct deposit to SoFI in 45 days, and up to $300 via SoFI if you have a minimum of $5000 direct deposit in 24 days. The Rakuten portion of this offer can be received in cash back, or AMEX membership rewards if you have an AMEX account linked. The Rakuten portion of this offer is typically $125, and has been increased to the current offer times before, and normally does not last for an extended period. If trying for the SoFI offer portion of this, you need to take into account how long it takes for your employer to institute any changes made to your direct deposit elections. For example if you are on a bi-weekly pay system, and this week is currently your pay week; if you opened the account today, tried to set up your direct deposit election for your new account. Your new elections would likely not take effect until the next pay period. This needs to be taken into account if you require 2 pay periods to meet the $5000 in direct deposits.

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