SoFi Checking & Savings vs Bank of America Advantage Banking
Bank of America Advantage Banking returns more on the money it ties up, so it is the better first move for most people. SoFi Checking & Savings still makes sense if its requirement is easier for you to meet.
| SoFi Checking & Savings | Bank of America Advantage Banking | |
|---|---|---|
| Bonus | $50 - $400 | Up to $500 |
| Requirement | Direct deposit $1,000 for $50, or $5,000 for the full $400 within 25 days. | Direct deposit $2k / $5k / $10k for $100 / $300 / $500. |
| Direct deposit | Required | Required |
| Money tied up | None | None |
| Hold period | No hold | No hold |
| Effective APY | Not applicable | Not applicable |
| Payout | 2-4 weeks after DD posts | ~60 days |
| Last checked | Jul 5, 2026 | Jul 5, 2026 |