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I’d hesitated on posting this deal because it’s not really “miles and points” related. However, most people that love miles and points also love free money.
In this article
SoFi is an online financial service, currently paying a 1.6% yield on its “Money” online banking product. A Money account is “like a bank account” but it’s not technically one. But the reason to open this account is the $50 referral bonus and then the ATM fee rebate program.
When you open a new account and deposit a mere $100 using a referral link only (here’s my link to refer you), you will get $50 in your account (and the referrer gets $50 (it was $100 but it’s been reduced). Once you have the account open, you are now the referrer! So you’ll now be the one getting $50
$100 every time you refer a friend, significant other, etc. to join. I’d think this can be quite the money train!
You’ll need to download the SoFi app to get your SoFi Money referral link. For some reason, it’s not on the website.
ATM Fee Rebates
This can now be your “non-local bank and overseas money withdrawal card” because SoFi will reimburse ALL of your ATM fees. In Vegas and hit up an ATM with a $7 fee? SoFi puts that $7 right back in your account.
Are SoFi deposits insured?
A Note on Referrals:
You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards.
New to all of this? My “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.