The Offer
Direct Link to offer | Terms
- SoFi Invest is offering a 2% transfer bonus to new or existing users who transfer assets to their brokerage or IRA.
- Bonus is up to $100,000 ($5M transfer).
- Funds must be maintained for 5 years.
The Fine Print
- The Offer Period is from May 7, 2026 – May 28, 2026
- This Offer may not be combined with any other offers
- SoFi will match 2% of a customer’s asset transfers (ACAT), subject to a maximum match of $100,000 (equivalent to 2% of up to $5,000,000 in ACAT transfers), into their existing or newly opened SoFi self-directed individual retirement account (IRA) or SoFi self-directed taxable account during the Offer Period.
- Matches will be paid in cash within 5 business days from the date which the funds settle in your SoFi self-directed account.
- The Match is available to customers who have an existing or newly opened SoFi self-directed IRA (Traditional IRA or Roth IRA) or SoFi self-directed taxable account in good standing during the Offer Period through SoFi Securities LLC.
- Only asset transfers via ACAT are eligible.
- The transferred assets must be settled before the end of the Offer Period to be eligible for the match.
- Qualifying deposits must remain in the SoFi self-directed account that earned the Match for five (5) years to keep the entire match amount. If a member makes a withdrawal before the five (5) year Holding Period is complete, they will be subject to an early withdrawal fee and SoFi will remove a proportional amount of the Match from the member’s account. The proportional amount is based on the breach in retention value, not retention period. To avoid this fee, the total equity of the member’s account (“total equity”) must remain at the original pre-promotion total equity in the account, plus the qualifying deposit and match amount. If a withdrawal causes the total equity to fall below this combined amount, the fee will be applied. The fee will also apply if the member initiates a withdrawal and the total equity has decreased, for any reason including investment losses. Distributions required by law (e.g., required minimum distributions in IRAs) can also trigger the fee. However, the fee will not apply if the member’s total equity has risen by an amount greater than the withdrawal amount, either by investment gains or additional deposits.
- Matches will be paid out in cash into the account the ACAT was transferred into within 5 business days of the settlement date. The 2% Match is calculated based on the total assets transferred (via ACAT). The customer’s SoFi self-directed account must be in good standing to receive the payout. Example: If you complete an ACAT of $20,000 into a SoFi Self-directed Traditional IRA during the Offer Period, you will be matched 2%, equaling $400.
- The Match is treated as taxable income and will get a form 1099
Our Verdict
This is an interesting offer for new or existing SoFi Invest users; the 5-year lock up is the big caveat. Still can be interesting for someone who likes SoFi and/or who doesn’t like jumping around brokerages. (Last year SoFi offered a 1% bonus, but with a much shorter hold time.)
If you’re new to SoFi Invest, it would make sense to first sign up with this Rakuten $100 deal. We’ll add this to our list of Best Brokerage Bonuses.
Hat tip to reader Michael B
