Current Promo
The Square Cash App is offering a $5 bonus when you sign up via this Square Cash App Link with the Referral Code WXGBPQQ. You then just send at least $50 for the free $5 bonus. There is no cost to send or receive money if you’re using a debit card.
Cash APP Review
Square Cash APP lets you send money to and receive money from anyone with a registered phone number or email address via your linked debit card from your bank account. You can also send money using a credit card but they charge a 3% fee to the sender not the receiver. If you send via debit card it’s totally free for both parties.
The Square Cash app comes to you as a convenience because you do not have to cash out the money that is sent to you from someone like you do with competitors Venmo and PayPal. Say someone sends you money for concert tickets then Venmo and Paypal will hold on to that money until you send it into your bank account.
Square Cash is actually the most useful for tech-illiterate people because the only requirement is a debit card. No need for a Facebook sign-in or all of the trouble of setting up a Paypal or some of those clunky bank account apps. I did have trouble setting up my Etrade Visa Debit card (not sure why yet) but my Chase Debit Visa worked. There is a chance it does not work with banks such as Etrade. I will update this post when I find out.
Another neat thing about the Square Cash app is that if you purchase on a website or send money you just have to input the seller’s “$Cashtag”—the dollar symbol plus their unique identifier into Square’s “Cash” app or website—to pay from their debit card. Anyone can go to cash.me/$frugalz to set up an account.
You can also earn $5 referrals when you tell your friends and family about the Square Cash App. Just make sure that they send $50 or more so that you will both earn a $5 bonus credit. You can refer as many friends as you like so there is no limit to the amount of $5 referral bonuses that you can earn.
Square Cash vs. Venmo vs. Paypal vs. Facebook Messenger Payments If you’re more of a social media person and want all of your friends knowing your business of who you pay and who receive money from then Venmo is a better alternative. I cannot imagine anyone wanting publicly available Venmo transactions involving buying drugs, alcohol, or prostitution. Although you can set all of your transactions private or simply use Square Cash instead. We actually had one person write in on how someone sent a person they owed money to via Venmo and that person was the wrong person and cashed in the money and there was nothing Venmo could do about it. The social media aspect confused the person doing the transaction and resulted in a loss because they did not enter a full email address and just connected to a social media photo.
We do not see a reason to use Venmo if you’re on Facebook since they just integrated a payment option into their own Messenger. Using Messenger to send and receive money is as simple as pulling up that friend on Facebook then adding your debit card. The major catch here is you need to be friends on Facebook.
The bottom line is that Venmo is for Social Spenders. Square Cash is for Anonymous, Simple Transfers for Non-Techies. PayPal is people who want to take time to set up an account with the bank account information and take a bit longer for the transaction with it’s worldwide reach of over 200 markets and 26 currencies. We should also mention that a lot of people have a Gmail address so you can also try sending money via Google Wallet and that is free as well with a debit card.
While there are many options to send and receive money with friends the best option is to ask them if they are already using one of these then go from there. You also want to check out which service has a bonus such as Square Cash and try to use it for the $5.
We get tons of messages asking us where to find the highest interest paying checking or savings account. Here’s a highly recommended option that is the best interest rate you can make without going to a credit union or jumping hoops.
SoFi Money is a cash management account with absolutely no fees. Similar to a regular bank account without all the hassles and fees. They also offer a higher interest rate than most banks. Best of all, all ATM fees are reimbursed when using their debit card, so it is a great account to use when traveling internationally. Also, there is no hard pull that will hurt your credit reports.
Best of all, the sign up offer for the SoFi Money account was just increased to nice $50 – $300 bonus for new sign-ups! SoFi has been around since 2011 and have almost a million people using their app so they are growing significantly to be a competitor to the major banks with it’s high interest payout and easy to use interface and did we mention sign-up bonus!
New App Members Sign Up Offer
There are two new member offers for those signing up for both a SoFi Money and SoFi Invest account this month. As mentioned above, the SoFi Money bonus just increased, although it is still not as high as the bonus you’ll receive with the Sofi Invest bonus. You can get both bonuses because you are eligible to stack the bonus for each account.
SoFi Invest $50 Bonus: Deposit $5,000 in your account and you’ll receive a $50 bonus for free stock.
Additionally, if you refer friends or family members and they open up either account, you can continue to earn free money. You’ll receive $25 for everyone that opens up a SoFi Money account and $100 for a SoFi Invest account.
To add more to the list of things we like with this app they are currently offering a 20% cash back on Netflix paid with their debit card this is similar to the promotion that they ran with Lyft where we profited over $100 in ride reimbursements last month.
SoFi Checking and Savings Account Bonus: Up to $250 Bonus PLUS 4.60% APY
SoFi Checking and Savings is much like other deposit accounts, except with one big benefit—you can earn up to 4.60% APY on your savings balance, as well as 0.50% APY on your checking balance. New customers can also currently earn a sign-up bonus worth up to $300 just for opening a new Sofi Checking and Savings account and receiving qualifying direct deposits.
You also won’t have to jump through a lot of hoops to earn that elevated annual percentage yield (APY). All you have to do is set up monthly direct deposits of your paycheck or government-issued benefits. You won’t even have to receive a minimum direct deposit amount to earn the increased APY. If you don’t receive monthly direct deposits, you can still earn the top savings rate by depositing $5,000 or more each month.
SoFi Checking and Savings: $250 Bonus It’s pretty common for banks to offer a welcome bonus when you sign up and meet certain requirements, and the SoFi Checking and Savings account is no different.
New customers can currently earn a one-time bonus of up to $300 when they open a new SoFi Checking and Savings account before December 31, 2024.
Open a new SoFi Checking and Savings Account. Receive at least $1,000 in qualifying direct deposits within a 25-day “Evaluation Period,” which begins the day your first qualifying direct deposit is received. Hit the minimum requirement to earn a $50 cash bonus. Reach the next tier to earn you a $300 bonus. Once you meet the direct deposit requirement, you’ll receive your bonus within seven business days after the Evaluation Period.
SoFi Money: Earn 10% Back On Whole Foods, Trader Joe’s, Instacart, Netflix & Spotify
SoFi Money is offering 10% back up to $50 for streaming and grocery store merchants.
Grocery stores:
Instacart
Whole Foods
Trade Joe’s
Streaming services:
Netflix
Disney+
Spotify
Our Thoughts on Sofi
When I tried opening both a SoFi Money andSoFi Invest account it took me just a few minutes to fully get both accounts set up. The process was seamless and transferring money into my account was easy. It’s not nearly as much a hassle as the big bank accounts.
I received my SoFi Money cash bonus within just 3 business days of setting up my account, and I received my free stock from the SoFi Money account within the same time period. I also referred many friends and family members and most of those referrals show up the following day.
It took about a week to receive my debit card. I tried it out on an ATM that charges a fee and I was immediately reimbursed. So far, I truly have enjoyed my new Sofi debit card!
This is a great way to get some money back into your pocket simply by signing up for a debit card account. Unlike credit card welcome offers, there is no minimum amount of spend needed, no hard inquiry, and no guessing whether or not you are going to get approved. Many may just enjoy the benefit of the reimbursed ATM fees.
Referring Friends (or spouse)
To refer a friend, you’ll need to install the SoFi app. (I was able to find it quickly in the App Store). Once in the app, on the upper left-hand side of the welcome screen you’ll see a circle with a person icon enclosed. Click that button.
Then, click the link that says “Invite friends.” From there, you can refer a friend to SoFi Money and SoFi Invest. You can save your referral link and send it to friends, or you can directly send the link via a text message, email, Twitter, Facebook, etc.
Feel free to comment below with your experience and referral links from using SoFi.
Investment apps are bringing stock market trading and financial planning to the digital age. Simply put, they offer a platform for investing your money independently, without the need for a stockbroker or financial advisor.
Betterment offers personalized investment options. It also automates the investment process from start to finish.
Betterment wants to make investing effortless and affordable for everyone. Based on your finances, needs, goals, and lifestyle, they give you a personalized portfolio of low-cost index funds.
They help you decide how much to invest and sync with your bank so that you have the option of regular automatic contributions. This robo-advisor makes financial decisions using a complex algorithm, but what’s great about Betterment is that you also have the option of speaking to a financial expert.
Pricing
$0 minimum and 0.25 percent annual fee for the standard account; $100,000 minimum and 0.40 percent annual fee for the premium account.
Pros
No prior experience required
Simple and effortless investing
Personalized
Financial advisor
Low fees
Cons
Rigid formula is not great for DIY-ers
Limited to managing Betterment accounts only
Stash
Stash is an easy investing app that’s accessible to everyone. You can start investing with as little as 1 cent!
Inspired by the weight loss industry, their philosophy is about making small, easy steps. Stash allows you to invest in fractions of shares, which means you can start with as small an investment as you want.
They offer you a choice of roughly 1800 single stocks and ETFs. So there is a lot to choose from based on your desired risk, financial situation, and lifestyle. What’s great about Stash is how easy they make the whole process. They explain everything along the way and they even offer financial advisory services.
Stash offers three different plans:
Beginner – This plan is $1/month and offers a personal investment account, debit account access, and free financial education.
Growth – This plan is $3/month and offers all the features of the beginner plan, plus tax benefits for retirement investing.
Stash+ – This is a $9/month plan that offers everything the other two plans offer, plus a debit card, an investing account for two of your children, and monthly market insights.
Pros
Low barrier to entry
Easy to use
Includes personal financial advisor
Cons
The cost can add up if you’re a small investor
Limited to their chosen portfolios
Open an account with Stash today. Special promotion: Sign up and add $5 to your investment account and get $5 added to your Stash banking account!
Acorns
Acorns allows you to choose from portfolios made by Nobel-Prize winning economist, and automatically invest your spare change.
Acorns links with your credit and debit card and automatically “rounds up” the spare change to the next dollar on every purchase.
For example, if you bought a latte for $3.60, they’d automatically deposit 40 cents to your investment account, which can potentially add up to quite a lot every month. Based on your desired risk, Acorns gives you the choice of five different portfolio options, which were created by Nobel Prize-winning economist Harry Markowitz.
This is a little different from robo-investors like Betterment that offer custom portfolios instead of the choice of a few pre-configured ones.
Pricing
$1 monthly fee for accounts with balance under $5,000; 0.25 percent of the balance annually on accounts over $5,000.
Pros
Easy way to invest without even noticing
No minimum balance
Cons
Your monthly spare change may not be enough for a solid routine investment
$1/month fee may not be worth it if you’re not investing enough
M1 Finance
M1 Finance offers automated investing in pre-selected portfolios, or you can choose from any stock or ETF.
M1 is meant for people who like the idea of automating their investments, but still want some say on where their money is going. M1 Finance allows investors to choose from any stock or ETF.
Unlike robo-investors, you’re not restricted to their pre-selected ETFs, but they do offer preset templates for beginners. You can also set up recurring automatic deposits on a weekly or monthly basis, or any custom time frame you desire.
Pricing
Free of charge; $100 minimum to open an account and $500 minimum to open a retirement account.
Pros
Offers an alternative to rigid robo-advisor formula
Simple, user-friendly
Free
Cons
Limited to 1 trade a day
Can be confusing for beginners
No human financial advisor
Personal Capital
Personal Capital is like a personal financial manager that offers advice, wealth management, and free financial tools
Personal Capital not only works as an asset manager service, but also provides helpful free financial tools. Personal Capital links to your financial accounts to summarize your finances and help you plan and budget your finances. You get a ton of features including a handy retirement planner or bill notification.
Personal Capital invests your money in a preselected portfolio of individual securities and ETFs, specifically to minimize added expenses and taxes. Every account also gets a dedicated advisor.
Pricing
0.89 percent fee for $1 million deposited or less; you need at least $100,000 to start using the service.
Pros
Affordable
Consolidates all your financial information
Free finance tools
Easy to use and set up
Cons
High minimum
Can’t customize your investment
More expensive than most robo-advisors
Robinhood
Robinhood is a simple stock trading platform with no transaction fee.
Robinhood offers a platform for buying and selling stocks and ETFs in real time. The best part is that you invest in anything with zero transaction fees. You can also schedule recurring deposits if you want.
Robinhood offers a super simple user interface that’s easy to use. You can see a simple overview of your investment performance with helpful charts and stats.
Pricing
Free; no minimum.They do charge a monthly fee!!
Pros
Absolutely free
Easy to use
Easy to sign up
Perfect for investment DIY-ers
Cons
You must do your own research
Easier to make rushed uncalculated decisions
No personalized investment recommendations
Stockpile
Stockpile is an investment brokerage app that allows you to buy fractional shares and offers stock gift cards.
If you want to buy a specific stock of ETF, but don’t want to pay for an entire share, Stockpile allows you to buy share fractions. What’s especially unique about Stockpile is that you can buy stocks and ETFs in the form of gift cards.
Trade can take up to a few days to get completed, it’s not ideal as a live trading platform. However, it’s a great option for casual investors or novices. It’s also a good way to learn about investing. Stockpile offers a bunch of learning resources and even lets kids create their own accounts with adult supervision.
Pricing
No minimum; $0.99 per trade; $2,000 maximum for gift card.
Gift cards cost $2.99 for the first stock and $0.99 for each additional stock, plus a three percent credit or debit card fee. The plastic cards cost $4.95-7.95 depending on the value of your gift.
Pros
Not limited to expensive stock buy-in cost
Unique gift card option
Low fee per trade and no annual fees
User-friendly interface
Allows minors to participate
Great way to learn about trading
Cons
Longer processing time
Not all stocks are available
Gift recipients are stuck using this platform
High gift card fee
No live customer support
Limited research tools
Wealthfront
Wealthfront is a robo-advisor that automates everything with the goal of keeping costs low. You can also get financial advice through the app.
How it works
Wealthfront looks to make you money with minimal effort from you. They create a custom portfolio for you based on your finances, goals, lifestyle, and risk level. They try to keep costs as low as possible by strategically choosing low-cost ETFs that minimize tax obligation.
Their whole interface is super simple. No complicated jargon, and the app has great resources. It can even answer your very specific questions about your goals and aspirations, like whether you can afford to take a year off to travel.
Pricing
$500 minimum investment; free for the first $10,000; 0.25 percent of your invested assets afterwards.
Pros
Low, straight-forward fees
Easy to use
Simple for new investors
Custom portfolios
Cons
No face time with financial advisor
High minimum investment
Stuck with rigid robo-advisor formula
Wealthsimple
Wealthsimple is actually based in Canada, but it’s available in the US. Wealthsimple is a robo-advisor that offers special investment portfolios you may not find elsewhere. These include SRI (socially responsible investing) portfolios and a Halal portfolio, consistent with Islamic Halal principles.
Wealthsimple offers three different SRI portfolio types for you to choose from. They include:
Conservative: More heavily invested in Local Initiatives and Affordable Housing, since those are bond funds. It essentially creates an allocation in which 65 percent of the portfolio is invested in bonds, and 35 percent in stocks.
Balanced: Has an even split of 50 percent stocks and 50 percent bonds. With the three different portfolio allocations, not only can you invest in SRI, but you can do so based on your own personal investment risk tolerance.
Growth: Has a higher concentration in the stock sectors, and particularly Low Carbon, which represents more than 46 percent of the portfolio. Local Initiatives and Affordable Housing represent just 20 percent of the portfolio combined. That results in a portfolio mix of 80 percent stocks, and 20 percent bonds.
Pricing
There’s no minimum investment required. Wealthsimple charges 0.50 percent per year of account balances up to $100,000; 0.40 percent per year for balances greater than $100,000. There is no additional cost for SRI investing.
Pros
Offers SRI investing
Offers Halal investing
No minimum investment requires
Cons
Higher fees than other investing platforms
Relatively new
How do investment apps work?
Investing apps allow you to start investing in a matter of minutes. There are many investing apps out there to satisfy the needs of all types of investors. Some apps help new investors effortlessly set up an investment portfolio from scratch. Others offer a simple bare-bones platform for quick low-fee trading.
The pros and cons of using an investment app
Pros
Simplicity for all
Investment apps empower anyone of any means or skill level to start investing easily. Your app can help you set up an investing account and offer financial advice based on your lifestyle and income.
They can also automate the whole process so that you can continue building your investment without much effort.
Cheaper
By replacing human advisors with an algorithm, apps have much lower overhead and can afford to keep their fees significantly lower. Some apps even offer free trading.
24/7 access
Gain access to your financial information, make adjustments, or buy and sell anywhere you can connect to the Internet. You don’t have to wait for the work day to start. The app works around the clock for you.
Cons
Enables bad decisions
The convenience of using these apps allows people to invest impulsively, instead of making a calculated investment decision. The benefit of investing the traditional way is that you have the advice of an expert to help second guess your decisions.
Lacks a human element
Although some apps give you the option of speaking to an advisor, many use algorithms to help guide you. What you’re missing is conversations that can reveal much more nuanced information. Advisors not only know about the market, but can offer advice that’s tailored specifically to you.
Many investors are finding that the massive advantages of investment apps make the risks worth taking.
App
Price
Minimum Investment Requirement
Betterment
Standard Account: $0 minimum and 0.25 percent annual fee
None
Stash
$1/month for balances under $5,000; 0.25 percent for balance of $5,000+
$5
Acorns
$1 monthly fee for accounts with balance under $5,000; 0.25 percent of the balance annually on accounts over $5,000
None – your purchases are rounded up to the nearest dollar
M1 Finance
Free
$100 minimum to open an account and $500 minimum to open a retirement account
Personal Capital
0.89 percent fee for $1 million deposited or less
$100,000
Wealthfront
Free for the first $10,000; 0.25 percent of your invested assets afterwards
$500
Wealthsimple
0.50 percent per year of account balances up to $100,000; 0.40 percent per year for balances greater than $100,000. There is no additional cost for SRI investing.
None
Robinhood
Free
None
Stockpile
$0.99 per trade
None
Investment apps FAQs
Don’t I need a financial advisor?
Financial advisors can be incredibly helpful resources. They also give you peace of mind that your financial decisions are backed by an expert. However, many apps can provide the same type of advice with an algorithm.
Are investment apps secure?
We don’t suggest anything that we haven’t personally vetted, all of these apps come with robust built-in security features.
How much money do I need to invest?
This really depends on how much you feel comfortable investing. There are many investment apps geared to a variety of investors. Apps like Stash have no minimum investment. You could invest as little as $5.
Why should I invest?
Whether or not you are saving up for something, investing allows you to squeeze the most out of your money. Investing doesn’t require much knowledge or a huge time commitment. Plus, a bunch of these apps make it easy for anyone can start investing.
What can I trade on these apps?
There are many trading options, depending on what app you choose. Robo-advisors like Betterment only trade ETFs, while live trading apps like Robinhood allow you to buy and sell stocks in seconds.
Everyone is at home streaming and ordering takeout so why not get the best prices in a time of no income from working.
With people across the country stuck indoors more than ever before, SoFi Money is offering a major deal for some of the most useful services during this era of quarantines and isolation. Through June, you can earn 20% cashback on food delivery via DoorDash and nearly every streaming service: Netflix, Amazon Prime Video, Disney+, Hulu, HBO Now, and many more.
SoFi Money has been pushing to become a mainstay in travelers’ wallets with a new debit card offering no ATM fees or foreign transaction fees worldwide. It gets even sweeter, with a $75 sign-up bonus after making two direct deposits of $500 or more and $25 for each friend you refer.
Breaking Down SoFi’s Latest Offer
This latest offer just boosts SoFi’s appeal at a time when travel is largely off-limits. Call it the quarantine special.
DoorDash is the only food delivery service included in this offer. New SoFi Money members can earn up to $100 in cashback on DoorDash orders, while current members can earn up to $40. This is a great deal for our favorite food delivery service – look here at the comparison to UberEats.
Movie, show, and music streaming services included in this cashback offer include:
Netflix
Prime Video
Disney+
Hulu
HBO Now
CBS All Access
Spotify
Pandora
Google Play Music
All new and current members can use the SoFi card with multiple eligible streaming services and earn up to $75 cashback through the streaming service promotion. Cashback caps for DoorDash and the streaming services are calculated separately.
All About SoFi Money
SoFi Money boasts a fee-free online account service. Here are all of the perks that come with a SoFi account:
No account fees
ATM fees reimbursed worldwide
No foreign transaction fees
No overdraft fees
No hard credit pull when you apply
Transfer money via mobile from major U.S. banks or check deposit
$75 sign up bonus when you make two direct deposits of $500 or more
To make sure you get the $75 sign up bonus, here is what you need to do:
A $75 bonus will be deposited into your account in 1-2 days!
Refer friends and family and earn $25 for each referral!
Once you have a SoFi Money account, you can earn $25 for every single friend, family member, or anybody else you refer (up to $10,000 annually) after you sign up for an account. This is a no-brainer and the $25 cash posts within 24 hours of the approved referral. The $25 referral link is in your profile within the SoFi phone app. Read more about setting up your SoFi Money account.
Get 20% Cashback on DoorDash
If you’re ordering delivery while at home, this is the perfect excuse to support your local restaurants – and use your SoFi debit card to do it. Here’s how to earn cashback on your DoorDash orders:
Add your SoFi Money debit card to your DoorDash account.
Set SoFi Money as your default payment.
Earn cashback within 2-4 days of your purchase.
A few things you need to know about this DoorDash promotion:
Your SoFi Money account must have at least a $50 balance.
DashPass subscription transactions are excluded.
New SoFi Money members can earn a maximum cap on cashback bonus of $100. Current SoFi Money members can earn a maximum cap on cashback bonus of $40.
Promotional period ends June 30, 2020.
Get 20% Cashback on Streaming Services
Watching a few more shows than usual right now? Make the most of it by paying your monthly subscriptions with your SoFi debit card and earn 20% back! Here’s how:
Add your SoFi Money debit card to your account with any of the eligible streaming services.
Set SoFi Money as your default payment for subscription payments.
Things to know about this streaming services promotion:
Eligible services include: Disney+, Hulu, Netflix, Spotify, HBO Now, Amazon Prime Video, CBS All Access, Pandora Music, and Google Music.
Cashback is eligible for ongoing monthly subscription payments to these services
The maximum cap on cashback earnings is $75 per member.
You can use a SoFi Money card with more than one of the above merchants to earn cashback.
Promotional period ends June 30, 2020
Bottom Line
If you have any video or music streaming service and are ordering delivery, now is a great time to get or use the SoFi Money debit card and link your account. Earn 20% cashback on two of the arguably hottest stay-at-home commodities right now through June 30.
Get 20% cashback on every Lyft ride when you pay with your SoFi Money card – up to $1,000! Valid now through 2/18/20.
This is nice new benefit on the SoFi Money card, which is already offering a $50 cash bonus when you open an account and deposit $100. New Lyft riders also get $5 credit. I’m surprised they are offering such a generous offer but it does get people to sign up and using their accounts. They might end this early…so you know the drill. If you’re a big spender on ride sharing, you can max out the $1000 cash back if you spend $5000 on Lyft through the expiration data of this promotion.
Get 20% cashback on every Lyft ride when you pay with your SoFi Money card – up to $1,000! Valid now through 2/18/20. This is nice new benefit on the SoFi Money card, which is already offering a $50 cash bonus when you open an account and deposit $100. New Lyft riders also get $5 credit. I’m surprised they are offering such a generous offer but it does get people to sign up and using their accounts. They might end this early…so you know the drill. If you’re a big spender on ride sharing, you can max out the $1000 cash back if you spend $5000 on Lyft through the expiration date of this promotion.
How To Get 20% Off Every Lyft Ride
Open a free Sofi Money account. $50 Bonus: You’ll need to deposit some money anyway to use it so… deposit $100 and you’ll get a $50 cash bonus.
Add your Sofi Money card to your Lyft account and make it your default payment method.
Get 20% cash back every time you pay for your Lyft ride with Sofi Money.
What is a SoFi Money card?
SoFi offers a free cash management account with a $50 bonus offer when you open an account and deposit $100. They also give a $100 bonus worth of stock when you open a trading account and deposit $1000 but that’s a completely separate offer. These are are refer a friend offers. Feel free to use my links and post yours in the comments below. Thank you in advance if you do use our links!
This is nice new benefit on the SoFi Money card, which is already offering a $50 cash bonus when you open an account and deposit $100. New Lyft riders also get $5 credit. I’m surprised they are offering such a generous offer but it does get people to sign up and using their accounts. They might end this early…so you know the drill. If you’re a big spender on ride sharing, you can max out the $1000 cash back if you spend $5000 on Lyft through the expiration date of this promotion.
How To Get 20% Off Every Lyft Ride Open a free Sofi Money cash management account. $50 Bonus: You’ll need to deposit some money anyway to use it so… deposit $100 and you’ll get a $50 cash bonus. Add your Sofi Money card to your Lyft account and make it your default payment method. Get 20% cash back every time you pay for your Lyft ride with Sofi Money. What is a SoFi Money card? SoFi offers a free cash management account with a $50 bonus offer when you open an account and deposit $100. They also give a $100 bonus worth of stock when you open a trading account and deposit $1000 but that’s a completely separate offer. These are are refer a friend offers. Feel free to use my links and post yours in the comments below. Thank you in advance if you do use my links!
Fine Print
SoFi Money®? is a cash management account, which is a brokerage product, offered by SoFi Securities LLC. Member FINRA/SIPC. Neither SoFi nor its affiliates is a bank.
SoFi Securities, LLC Member FINRA/SIPC. ¹ The SoFi Money Annual Percentage Yield as of 10/31/2019 is 1.60% APY (1.59% interest rate). Interest rates are variable and subject to change at our discretion, at any time. No minimum balance required.
² The following describes the terms that apply to participation in the SoFi Money Lyft promotional program (“Program”) offered by SoFi Securities LLC (“SoFi”). Promotion with Lyft through the Program is open to current SoFi Money members. No opt-in required. To participate, enter your SoFi Money debit card number in the Lyft app and use it to pay for rides. Promotion Period: 11/20/19 12:00PM EST – 2/18/20 11:59AM EST. Only Lyft rides completed and processed for payment during the Promotion Period are eligible for the Cash Back Promotion. 20% cash back is calculated using the quoted price for your Lyft rides only – it does not apply to other charges such as tips, cancellation fees, and other services such as rental and bike rides. Cash back will be rounded up to the nearest into the participant’s SoFi Money account. Cash back reimbursements can be delayed by up to 14 business days.SoFi reserves the right to terminate the promotion at any time without notice.
Current Promo
