| Written by: Sarah Dye

Rakuten Sofi Checking and Savings Account Offer

There is an increased Rakuten Sofi checking and savings account offer that is a double-win. It is a standard bank account bonus, plus you can also earn a bonus from Rakuten directly. The bonus from SoFi is in the form of a cash bonus to your account, while the Rakuten bonus can be taken as (up to) 30,000 Bilt Rewards or Amex Membership Rewards. One potential downside is the tracking on Rakuten's end. Usually Rakuten is really solid on tracking, but it sounds like this one can be problematic at times. Just be sure to take screenshots of the offer and throughout the process. As always, plan for the worst and hope for the best.

Update 5/7/2026: This offer is back for Rakuten's Big Give Week at $30/30,000 points. Previous offers were as high as $400/40,000 points, but this is still an excellent deal.

Offer Details

Here are the details for the Rakuten SoFi checking account offer:

For the bonus from Rakuten:

  • Earn $300 / 30,000 Bilt Rewards / 30,000 Membership Rewards when opening a SoFi checking and savings account via Rakuten and completing the following tasks:
    • Open a new SoFi Checking and Savings account directly through the Rakuten link
    • Set up and post a direct deposit in the amount of $500.00+ as the net INITIAL direct deposit within 45 days of clicking the cash back link.
      • Direct Deposits are defined as a recurring deposit of regular income including payroll, pension or government agency via the Automated Clearing House (“ACH”) Network.
      • The following do not constitute Direct Deposit activity:
        • Check deposits
        • Peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.)
        • Merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.)
        • Bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds). 
        • Offer Landing Page

Rakuten Sofi Checking and Savings Account Offer

For the bonus from Sofi:

  • New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with Sofi can receive a bonus:
    • $50 bonus with at least $1,000 total Eligible Direct Deposits received within 25 calendar says of your first Eligible Direct Deposit of $1 or more or
    • $400 bonus with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more.
  • Direct Deposits are defined the same as in the Rakuten offer above.

Stack With Rakuten Sign Up Bonus

If you don't already have a Rakuten account then you could pair this offer up with their new account sign up bonus. It is at an all time high 5,000 points ($50) right now. For details on the Rakuten program, and our Rakuten referral link, check out our complete guide here.

Rakuten Sofi Checking and Savings Account Offer

Offer Terms

Here are some notable terms for the Rakuten SoFi checking and savings account offer:

  • Cash Back through the Rakuten link is provided by Rakuten, not SoFi (the SoFi offer is separate as noted)
  • Limit one Cash Back offer per Rakuten account.
  • This offer is applicable only to SoFi members who have not previously opened a SoFi Checking and Savings account.

Here are some notable terms for the SoFi

Rakuten SoFi Checking and Savings Account Offer: ToP Thoughts

This offer is a double-win. Either option on its own would be worthwhile, but when combined you can really maximize your return. The only potential downside is correct tracking with Rakuten, but even that is worth the hassle if you encounter it. Just make sure you have a paper trail just in case anything goes wrong. Let me know if you are planning on grabbing this Rakuten Sofi checking and savings account offer over in the ToP Facebook Group.