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Rakuten: $225 back when you open SoFi Checking and Savings

· PerkSensei Desk

Rakuten, a free cash back site, pays $225 when you open SoFi Checking and Savings through its link and your first direct deposit is $500+. SoFi's bonus, up to $400, stacks on top: see our SoFi page.

Is this deal useful?
Deposit
$500+ first direct deposit within 45 days
States
No state list on Rakuten's or SoFi's page
Who
Never opened SoFi Checking and Savings
Fee
No monthly fee

How to get it

  1. Sign in to Rakuten, a free cash back site, or join first. Open Rakuten's SoFi Banking page and click through to SoFi, with browser cookies on (Rakuten's terms ask for that).
  2. Open your first SoFi Checking and Savings account through that link.
  3. Set up direct deposit of your paycheck. The first one must be $500 or more and post within 45 days of your click. Rakuten then adds the $225 to your Rakuten account, which can take several weeks or longer, and pays out by PayPal or check.

What changed

  • BeforeRakuten paid $75 cash back for a new SoFi Checking and Savings account.
    NowRakuten pays $225 for the same account.

What it means for churners

  • SoFi's own direct deposit bonus, up to $400, stacks on top of Rakuten's $225. SoFi's offer ends Dec 31. It's on our page "SoFi Checking and Savings: up to $400 direct deposit bonus" under Banking.

Fine print

  • One per Rakuten account. You must be 18 or older with an SSN or ITIN.
  • Rakuten pays the amount shown on the day you click its link. It can change the amount at any time and states no end date.
  • Only regular income paid by direct deposit counts: pay from an employer, a pension, or government benefits such as Social Security. Checks, Zelle, PayPal, Venmo, Wise, merchant payouts, transfers from other bank accounts, wires and IRS refunds don't.

Sources

SoFi Banking Coupons, Promo Codes & $225 Cash Back - October 2026 | Rakutenrakuten.comOfficial sourceChecked Oct 26, 2026
Earn Up to $400 Checking Account Bonus - Bank Promotions | SoFisofi.comOfficial sourceChecked Oct 26, 2026

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