Update 9/29/23: This is now $100 or 10,000 Membership Rewards points with Rakuten (ht LikeaSumBoDi)
The Offer
- Swagbucks is offering 20,000 ($200) when signing up for a new SoFi Invest account and then depositing and trading $50
The Fine Print
- Must be a new user to SoFi Invest. Existing SoFi Invest and SoFi Crypto accounts are not eligible to earn SB.
- Must deposit and trade at least $50 to earn SB.
- SB will appear as Pending for 32 days.
- Must enter valid sign-up information, including social security & funding information to earn SB.
- Funds must stay in your account for a minimum of 30 days. Early withdrawal subject to SB award being revoked.
Our Verdict
We once saw a $75 bonus on SoFi Invest via referral link, though that one required $1,000 deposit. This is the simplest offer we’ve seen, and could be a nice bonus even for someone who doesn’t want to invest the funds as you can simply signup and do the deposit to get the $75 bonus.
I’d wait 32 days until the reward posts before pulling the funds out, but I don’t see any official requirement of such. The $75 probably won’t get reported on a form 1099, though legally you might have to self-report the bonus. We’ll add this to our list of Best Brokerage Bonuses.
If you’re new to Swagbucks, please read our review. You can also get a bonus of up to $13 by using a referral link.
Post history:
- Update 8/13/23: Back up to $200 now
- Update 3/22/23: Up to $150 now (still not the high $200 bonus)
- Update 2/1/23: Down to $100 now
- Update 1/31/23: Offer is back now, but it’s showing the lower $150 bonus now (at one point this was $200)(ht Mark)
- Update 11/4/22: Increased now from $150 to $200
- Update 9/29/22: Back again at $150
- Update 7/25/22: Bonus is now $150 (up from $121). Some people have had tracking issues with the checking offer so keep that in mind.
- Update 3/28/22: Increased to $121.50 on Swagbucks Revenue Universe or about $125 on MyPoints Revenue Universe. This one has a lower $50 deposit requirement, but does require a crypto trade (any amount). (ht Kris)
- Update 3/12/22: Increased to $100; Update 11/8/21: Has been reduced to $60.
Chuck
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