This Investing App Will Give You up to $1,000 in Stock — Just for Signing Up

Remember those arcade claw games, like the one in “Toy Story?” We’ve all played some version of it, where you’re not sure what prize you’re going to get — but you’re going to get something.

With an investing app called SoFi®*, that something may be up to $1,000 in stock** just for opening and founding a new account.

How to Get up to $1,000 in Stock

Who couldn’t use $1,000 in stock? When you open a SoFi Invest* account and fund it with at least $50, they’ll give you stocks in return — worth up to $1,000**. Plus, get a 1% IRA Match on contributions & rollovers. Terms apply.

Download the app to get started investing. Whether you’re a beginner or have some experience, SoFi makes it easy. Even better? No commissions. SoFi lets you buy and sell stocks and exchange-traded funds (bundles of stocks) without paying any commission fees at all.

It also lets you purchase “fractional shares,” or pieces of stocks for $5, so you can invest in stocks like Netflix, Amazon, Apple,Tesla and Disney — even if you can’t afford to buy a full share.

In fact, you can open an investment account within minutes, just link your bank account and drop a little money in there to invest.

SoFi even lets you start a retirement account, like an IRA or a Roth IRA. This is especially important if you don’t have an active 401(k) account through work, or if you want to supplement your 401(k).

See How Much Stock You Can Get

You might be thinking there’s some catch, or that this will be complicated. But here’s the thing: There’s no catch, and SoFi’s mobile app and its desktop platform are super easy to use.

Once you’re signed up, it’s simple and intuitive to look up the historical data and past performance of each stock or ETF you might be interested in.

Finally, the investing app and desktop platform are linked to all of SoFi’s various financial products — including mortgages, personal loans, student loans, an online cash management account, an automated robo-investing platform and home equity loans. It’s like one-stop shopping for all your financial needs.

All of that can come later, though. For now, let’s return to the claw game.

All you have to do to get started is download the app, and see how much stock you can win.

Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder. He can’t stop quoting “Toy Story” now. “The claw, the claaaaawwww…”

*Terms and conditions apply. Matches on contributions are made up to the annual limits.

Investment Products: Are not FDIC-insured, are not bank guaranteed and may lose value.

SoFi Invest refers to the three investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below.

1. Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees.

2. Investing in alternative investments and/or strategies may not be suitable for all investors and involves unique risks, including the risk of loss. An investor should consider their individual circumstances and any investment information, such as a prospectus, prior to investing. Interval Funds are illiquid instruments, the ability to trade on your timeline may be restricted. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA(www.finra.org) /SIPC(www.sipc.org).

3. There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.

4. Options involve risks, including substantial risk of loss and the possibility an investor may lose the entire investment Before trading options please review the Characteristics and Risks of Standardized Options

5. Utilizing a margin loan is generally considered more appropriate for experienced investors as there are additional costs and risks associated. It is possible to lose more than your initial investment when using margin. Please see https://www.sofi.com/wealth/assets/documents/brokerage-margin-disclosure-statement.pdf for detailed disclosure information

6. SoFi Plus members can schedule an unlimited number of appointments with a financial planner during periods in which the SoFi Plus member meets the eligibility criteria set forth in section 10(a) of the SoFi Plus Terms and Conditions. SoFi members who are not members of SoFi Plus can schedule one (1) appointment with a financial planner. The ability to schedule appointments is subject to financial planner availability. SoFi reserves the right to change or terminate this benefit at any time with or without notice. Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov

1. Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Probability percentage is subject to decrease.

2. Terms and conditions apply*. For 401k rollovers, existing SoFi IRA members must complete 401k rollovers via this link For SoFi members without a SoFi IRA, a SoFi IRA must first be opened, and 401k rollover must be completed utilizing Capitalize via this link. SoFi and Capitalize will charge no additional fees to process a 401(k) rollover to a SoFi IRA. SoFi is not liable for any costs incurred from the existing 401k provider for rollover. Please check with your 401k provider for any fees or costs associated with the rollover. For IRA contributions, only deposits made via ACH and cash transfer from SoFi Bank accounts are eligible for the match. Click here for the 1% Match terms and conditions.

3. Must be a SoFi Plus member at the time a recurring deposit is received into your SoFi Active or Automated investing account to qualify. Bonus calculated on net monthly recurring deposits made via ACH and paid out as Rewards Points. See Rewards Terms of Service. SoFi reserves the right to change or terminate this promotion at any time without notice. See terms and limitations. https://www.sofi.com/sofiplus/invest/#disclaimers