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SoFi's Back with Big Bonuses (and Rakuten, Swagbucks Too!): Easy Money for New Accounts
Published on October 6, 2025, 1:55 AM

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Heads up, deal hunters! SoFi is once again offering a sweet bonus for new checking and savings accounts, and it's stackable with other offers from sites like Rakuten and Swagbucks. You can snag up to $300 from SoFi just for setting up direct deposit. The bonus amount depends on how much you deposit within 30 days of opening the account: $50 for $1,000-$1,999, $100 for $2,000-$4,999, and a whopping $300 for $5,000 or more.

But wait, there's more! Rakuten and Swagbucks have been upping their game too. We've seen deals offering up to $415 just for signing up through their links. Keep an eye out for these boosted offers. Remember, Rakuten lets you earn cashback (or Amex MR points!) on everyday purchases, so it's a win-win.

Why is this important? Well, free money is always a good thing! If you've been thinking about opening a new bank account or want to maximize your rewards, this is an excellent opportunity to do so. Just make sure you read the fine print about direct deposit requirements and evaluation periods to ensure you qualify for the bonus. Happy earning!

Why This Matters for Your Strategy

News in the points-and-miles world moves fast, and promotional changes often have a short window. If this announcement affects a card or program you hold, log into your awardtrail dashboard to check your current benefit usage, bonus progress, and whether a transfer or redemption makes sense right now — before terms change.

As a general rule: transfer points only when you have a specific redemption in mind — transfers are almost always one-way and non-reversible. If you're unsure of the value, check our redemption guides before acting.

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