Earn Free Money with SoFi Invest — An Easy $50 Bonus + $50 For Every Referrals

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Over the past few weeks, I’ve written about a pretty amazing opportunity to earn literally free money with SoFi Money and SoFi Invest. With both accounts you’ll earn a bonus simply for signing up for an account, plus you’ll receive a bonus every time you refer someone to open up an account. Originally, the SoFi Invest offer was set to end at the end of October, but fortunately for those who missed out, it has been extended. (With no set expiration date yet).

Sign Up Links:

  • SoFi Money account — with this account you’ll earn a $50 bonus, plus an additional $50 for every person you refer (note: the referral offer has been decreased from $50 per person you refer)
  • SoFi Invest account — with this account you’ll earn $50 in free stock, plus an additional $50 for every person you refer

The best part of these two promotions is that you can earn a bonus for BOTH accounts. This means if you and your significant other take advantage of this offer, you can get some serious money pretty quickly. (You can learn more about the SoFi Money account promotion and benefits here).

To earn the sign up bonus, you must fund $100 in your Money account within 14 days and within your Invest account within 7 days. You are also capped at earning $10,000 bonus for referring other.

Steps to Open up a SoFi Invest account

To receive the $50 in free stock, you’ll first need to open up a SoFi Invest account. The process is almost identical to opening a SoFi Money account. Use the same username/password as you used for your SoFi Money account so everything is linked.

You’ll then have the option to fund your $100 with your linked SoFi Money account or your checking account. Instead of funding the SoFi Invest account with another $100, you can actually transfer the money from your SoFi Money account to your SoFi Invest account instead. If your $100 from opening your SoFi money account is not yet accessible, you can wait until the money is there to fund your SoFi Invest account. Just make sure it is done within 7 days of opening your SoFi Invest account.

Once your account is created, your are immediately given $50 to select the stock of your choice. Some stock options include: Amazon, Apple, CVS, Google, Pinterest, Microsoft, Starbucks, etc. There are a ton to select from.

I personally selected Pinterest, for no specific reason and my $50 in stock already shocks up. I’ve even made a whopping 17 cents thus far on my free investment. I can even

Referring Your Friends

For every friend you refer to SoFi invest, you’ll earn a $50 bonus. The money you earn from referrals is not in stock, but instead in straight cash, similar to the SoFi Money account. You can invest this money in stock, if you want, but there is no requirement.

Interestingly enough, when I referred my husband to the Invest account, it showed up in my account overnight. I had not even funded my account with the $100 yet at that point. I waited for my $100 to clear from my SoFi Money account, then transferred it over to my Invest account. My initial $100 transfer to my SoFi Money account took 3 business days to clear.

Overall…

Similar to the SoFi Money account bonus, this is a great way to make some money for just a few minutes of work. By just opening up both a SoFi Money and SoFi Invest account you can get $200 in free money, plus $100 in free stock, if you do it in two-player mode (you plus a significant other). You’ll both earn $50 each for opening up a SoFi Money account, another $50 for referring the other to a SoFi Money account, another $50 for referring the other to the SoFi Invest account, plus $50 each in stock. You can also increase your money by continuing to refer your friends and other family members.

For those looking to sign up for an account through a referral link, here are my links:

  • SoFi Money account — with this account you’ll earn a $50 bonus, plus an additional $50 for every person you refer
  • SoFi Invest account — with this account you’ll earn $50 in free stock, plus an additional $50 for every person you refer

THANK YOU IN ADVANCE. Also, once you sign up, feel free to post your referral link to the comments section below. (Comments offering to pay readers for using their links will be deleted).

Aside from your referral link, please comment below with your experience using SoFi and also let me know when your money appears in both accounts. Data points are always welcome!

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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