Advertiser Disclosure

Editorial Independence: Opinions, recommendations, and reviews are our own. Partner commissions help keep our site free. They do not influence our editorial content.

New benefits. New 401(k). New tax forms. And, of course, new direct deposit information.

Now is the perfect time to ask:

Is your old checking account still the best place for your new paycheck?

Right now, SoFi^® Checking & Savings, Member FDIC, is offering:

✅ Up to $400 cash bonus with direct deposit^ⓘ
✅ Up to 4.40% APY (savings) + 0.50% APY (checking)
✅ $0 overdraft fees
✅ Automatic transfers from available general savings
✅ Up to $50 of qualifying debit-card Overdraft Coverage for eligible members
✅ $0 monthly maintenance and minimum-balance fees

Plus, eligible direct deposit can unlock benefits designed to help you get more from every paycheck.

👉 Open Your SoFi Checking & Savings Account Now →
On SoFi's secure site. Member FDIC.

💰 Your New Paycheck Could Earn You Up to $400

Here's one reason to consider making the switch now:

SoFi is currently offering eligible customers up to a $400 cash bonus for setting up direct deposit.¹

During the 25-day bonus period:

So if your new job pays enough to reach $5,000 in eligible direct deposits during the qualifying period, simply changing where your paycheck is deposited could qualify you for the $400 bonus.

Not a bad way to celebrate the new gig.

👉 See If You Qualify for the SoFi Bonus→
On SoFi's secure site. Member FDIC.

🎉 New Job. New Paycheck. New Banking Setup.

Changing checking accounts normally feels like one of those things you'll “get around to eventually.”

But starting a new job gives you a natural opportunity.

You're likely already setting up your payroll information.

Instead of automatically sending your new paycheck to the same checking account you've had for years, you can use this moment to upgrade where your money lands.

Here's how to make the switch:

1. Open Your SoFi Account
Open a SoFi Checking & Savings account online.

2. Set Up Your New Direct Deposit
Use your new SoFi account and routing numbers when completing your employer's payroll setup.

3. Start Moving Your Bills
Gradually move recurring bills and subscriptions from your old account to SoFi. There's no need to change everything overnight.

That's it.

Your new paycheck can start going directly into an account designed to help you do more with it.

👉 Set Up Your New Paycheck With SoFi →
On SoFi's secure site. Member FDIC.

⏰ You May Even Get Your Paycheck Up to 2 Days Early

Getting paid on Friday is good.

Having access to that paycheck as early as Wednesday can be even better.

With eligible direct deposit, SoFi members may receive access to their paycheck up to two days before their scheduled payday.²

That extra time can make it easier to:

• Pay bills before they're due
• Avoid waiting for payday to make a purchase
• Move money into savings sooner
• Keep more breathing room between paychecks

Your employer isn't necessarily paying you earlier.

SoFi is simply making eligible direct deposit funds available sooner when they receive notice of the incoming payment^ⓘ.

👉 Open Your New Account with SoFi^® Now→
On SoFi's secure site. Member FDIC.

🏦 A Checking Account Without the Typical Monthly Fees

A new job should mean more money coming in — not more of it disappearing into bank fees.

SoFi Checking & Savings currently charges:

✅ $0 account fees
✅ $0 monthly maintenance fees
✅ $0 minimum balance requirement
✅ No-fee overdraft coverage for eligible members
✅ Access to 55,000+ fee-free Allpoint® ATMs

There are fees for certain services such as outgoing wires and Instant Transfers, so make sure you review the complete fee schedule.

But for everyday banking?

It's refreshingly simple.

👉 Upgrade Your Checking Account with SoFi^® Now→
On SoFi's secure site. Member FDIC.

📈 And Your Savings Gets an Upgrade, Too

Opening SoFi Checking also gives you a SoFi Savings account.

That means your paycheck doesn't just have somewhere to land.

It has somewhere to grow.

For a limited time, eligible new accounts can earn up to 4.40% APY on SoFi Savings for up to six months with qualifying activity.⁵

So you can have:

Checking for your paycheck, bills, debit card and everyday spending.

Savings for your emergency fund, vacation, down payment or other goals.

All inside the same SoFi experience.

You can even use SoFi Vaults to separate savings for different goals without opening a bunch of different accounts.

New paycheck → bills → savings → financial goals.

One system.

👉 Open Your New Account with SoFi^® Now→
On SoFi's secure site. Member FDIC.

🧠 Why Starting a New Job Is One of the Best Times to Switch Banks

Let's be honest.

Switching checking accounts can be annoying.

You have direct deposit to change. Bills to move. Subscriptions to update.

Which is exactly why people stay with checking accounts they opened 5, 10 or even 20 years ago.

A new job changes the equation.

You're already setting up a new payroll relationship.

You're already reviewing your benefits.

You're already deciding how much goes toward your 401(k).

You're already adjusting your budget around your new income.

Adding “upgrade my checking account” to that financial reset can be much easier than trying to make the switch six months from now.

Think of it as part of your New Job Money Checklist:

✅ Set up health insurance
✅ Choose your 401(k) contribution
✅ Review your tax withholding
✅ Set up direct deposit
✅ Make sure your paycheck is going to the right bank

🚀 Give Your New Paycheck a Better Place to Land

You worked hard to get the new job.

Now make sure you're getting as much as possible out of the paycheck that comes with it.

With SoFi Checking & Savings, eligible customers can get:

✅ Up to a $400 direct deposit bonus
✅ Paycheck access up to 2 days early
✅ No account or monthly maintenance fees
✅ No minimum balance requirement
✅ 55,000+ fee-free Allpoint® ATMs
✅ High-yield savings alongside your checking account
✅ FDIC insurance

And because you're starting a new job, this may be one of the easiest opportunities you'll have to change where your paycheck goes.

New job. New paycheck. Better banking.

👉 Open Your New Account with SoFi^® Now→
On SoFi's secure site. Member FDIC.