community, and career. No monthly maintenance fees or overdraft fees. Get Started For more information, visit SoFi.com or download our iOS and Android apps. This might be a good choice if you'd like the cashback features. Where it stands apart is its dual function as a savings and investment account, with high-yield interest, which means the money you dont spend will grow. Necessary cookies are absolutely essential for the website to function properly. SoFi is now a nationally chartered bank that offers SoFi Checking and Savings. SoFi's Checking and Savings account is a combined account but if you set up direct deposit, your money earns different APYs depending on where within the account you keep it. Pre-qualified offers are not binding. Earn points for making moves toward financial independenceevery step of the way. SoFi doesnt charge overdraft fees. Currently, in addition to the 3.75% APY on savings balances, direct deposit members also earn 2.50% APY on checking account balances, 50x the national interest checking average7. Consumers will not be charged a fee when using an in-network ATM, however, third party fees incurred when using out-of-network ATMs are not subject to reimbursement. Members without direct deposit will earn 1.20% APY on all account balances in checking and savings (including Vaults). SoFi also equips members with the resources they need to get ahead like career advisors, credentialed financial planners, exclusive experiences and events, and a thriving community on their path to financial independence. 12x based on FDIC monthly savings account rate as of December 19, 2022. The data included reflects the amount of interest paid by SoFi to members from February 24, 2022 through December 31, 2022. /rant & request For customers who set up direct deposit, SoFi pays a competitive 3.75% APY on the savings balance. Look for zero maintenance fees, high interest rates, and free access to a large network of ATMs. These rates are current as of 1/4/2023. Members without direct deposit will earn 1.20% APY on all account balances in checking and savings (including Vaults). Across the country, SoFi Checking and Savings has seen the biggest growth among members in California, Texas and Florida6. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. My Sofi Money (Checking account) was blocked over a month ago with a balance of almost $10,000, without any explanation. SoFi Checking and Savings 5.0 NerdWallet rating APY 3.75% With $0 min. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. We know this is just the beginning of our journey in the banking space, and we are excited to grow our business and product offerings for our millions of members.. Read less. Its interest rate used to be good, but since the Fed lowered the interest rate to 0, its also close to 0 now. SoFi reserves the right to exclude any Members from participating in the Program for any reason, including suspected fraud, misuse, or if suspicious activities are observed. Here is a list of our partners. The company's full suite of financial products and services helps its more than 5.2 million SoFi members borrow, save, spend, invest, and protect their money better by giving them fast access to the tools they need to get their money right, all in one app. Set up direct deposit How it works: Just want to talk? All rights reserved. 2023 SoFi Bank, N.A. To order, select the "More" icon from your SoFi Money account homepage, and then "Order Checks." You'll receive your checks about 10-14 days after ordering. SoFi announced Thursday that members can take advantage of a new checking and savings account with an APY of up to 1%. Take a photo of the front and back of your check, enter the amount, and review everything to make sure it's correct. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. This new feature offers members another way to pay when it comes to purchases, providing flexibility in budgets for planned, larger purchases, without paying any interest, and is only available for Checking and Savings members who meet select criteria. SoFi does not guarantee or endorse the products, information or recommendations provided in any third party website. She previously worked at Fortune, Forbes and the Reno Gazette-Journal. SoFi has no control over the content, products or services offered nor the security or privacy of information transmitted to others via their website. If you didnt have enough cash on hand, or didnt want to use it, a check was an obvious alternative. Members can use Autopilot to automatically make recurring transfers to their SoFi Invest11 account, directly pay down SoFi loans, as well as monitor their credit score and spending via SoFi Financial Insights12. Members get 15% off their trust, will, or guardianship estate plans. After submitting your request, you will receive an activation email to the requested email address. The included information is from SoFi's latest earnings report, which can be found here: Data included is from SoFi's internal analysis of SoFi Checking & Savings members habits from February 24, 2023 through January 31, 2023. SoFi Invest refers to the various investment and trading platforms operated by Social Finance, Inc. and its affiliates (described below). SoFi has a hybrid savings/checking account. Additionally, the account feature no overdraft, service, or transfer. $0 monthly fee, no minimum deposit requirements. SoFi Checking and Savings continues to offer a highly competitive 3.75% APY on . There is no minimum direct deposit amount required to qualify for the 3.75% APY for savings and 2.50% APY for checking balances. If a customer hasnt set up direct deposit, then they will earn. The Live Chat support becomes unavailable while the account is locked, NO . SoFi Checking and. You can order checks directly from the SoFi app or by logging into your SoFi Money account on the web. There are no account fees and no account minimum. 5 Overdraft Coverage only applies to SoFi Checking and Savings accounts with qualifying direct deposits of $1,000/month and is currently unavailable for Samsung Money by SoFi accounts. Currently, in addition to the 3.75% APY on savings balances, direct deposit members also earn 2.50% APY on checking account balances, 50x the national interest checking average7. Convenient remote customer service options. However, the states where members save the most money are California, Texas and New York - with Californians having nearly 3x as much in savings than Texans and nearly 4x as much as New Yorkers. You'll also want to speak with current customers or read online customer reviews. We recommend that you review the privacy policy of the site you are entering. Whats more, you dont have to remember to go to the bank or use your app to deposit your check. The SoFi checking account is a hybrid of a savings and checking account. Decide on your account type. Learn about our commitment to fostering a welcoming workforce. You can sign up for additional alert options at any time. Below are links to some of her most popular stories: Fee-only vs. commission financial advisor, many traditional and high-yield savings accounts, Read more about how Personal Finance Insider chooses, rates, and covers financial products and services >>, Are banks open today? In December 2022, select SoFi Checking & Savings members became eligible for SoFi Pay in 48, which offers members the option to split a purchase of $50-$500 into four, interest-free payments. Member FDIC. In fact, the latest FDIC numbers numbers show that only 6.5% of Americans were unbanked, meaning that no one in the household had a checking or savings account. ).. The account offers strong rates, no monthly fees and a solid free overdraft coverage program for customers who qualify. Enter your email for verification. If a customer has at least one Vault, they can also set up an automatic savings program called Roundups, which allows SoFi to round up debit card purchases to the nearest dollar and deposit the difference into a Vault of the customers choice. As a SoFi member, you get access However, the states where members save the most money are California, Texas and New York - with Californians having nearly 3x as much in savings than Texans and nearly 4x as much as New Yorkers. Even if you don't set up direct deposits, you'll still earn a great interest rate. Sofi Savings 3.25% - 11/30/2022 Checking remains the same at 2.50%. Member FDIC. Members get exclusive SoFi Stadium perks like expedited entry, access to the SoFi Member Lounge, and more. Many or all of the products featured here are from our partners who compensate us. By clicking Sign up, you agree to receive marketing emails from Insider SoFis ATM policies are subject to change at our discretion at any time. Earn points for making moves toward financial independenceevery step of the way. What Happens to a Direct Deposit if It Goes to a Closed Account? Information for investors in SOFI common stock. Cha-ching! Interest rates are variable and subject to change at any time. Interest rates are variable and subject to change at any time. Disclaimer: NerdWallet strives to keep its information accurate and up to date. If so, you are in the right place! Learn more, 2750 East Cottonwood Parkway #300 By providing your email address below, you are providing consent to Social Finance, Inc. (SoFI) to send you the requested Investor Email Alert updates. SoFi has a hybrid savings/checking account, but it doesn't have separate savings or checking accounts. Pay in 4 offer is only valid to customers receiving the offer directly from SoFi and using the link contained in the email received by the account holder(s). If you do not allow this by either your browser settings or if you select "No (Opt-Out)" in the toggle below, you will experience less targeted advertising from our partners. Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. Bonus Terms:In order to qualify for eligibility for a bonus, SoFi must receive at least one Qualifying Direct Deposit (as defined below) from an Eligible Participant before the end of the Promotion Period. Advertiser Disclosure: This site is part of affiliate sales networks and receives compensation for sending traffic to partner sites. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. 724x based on FDIC monthly interest checking rate as of December 19, 2022. When evaluating offers, please review the financial institutions Terms and Conditions. Application Link. If you do not allow this by either your browser settings or if you select "No (Opt-Out)" in the toggle below, you will experience less targeted advertising from our partners. SoFi members with direct deposit can earn up to 3.75% annual percentage yield (APY) on savings balances (including Vaults) and 2.50% APY on checking balances. Add your SoFi debit card information. The credit score provided to you is a VantageScore based on TransUnion (the "Processing Agent") data. We recognize browser-enabled global privacy controls and clearing your cookie cache will not affect this setting if enabled. 1 Log in to your account or follow the steps below to get started. These rates are current as of 1/4/2023. Chanelle Bessette is a personal finance writer at NerdWallet covering banking. The most popular Vault members open is an Emergency Fund, with savings Vaults for Travel, a House, and a Car rounding out the top choices. Penalty for outsize CFPB complaints: NerdWallet deducted 0.5 star from SoFis overall rating due to the volume of complaints on the Consumer Financial Protection Bureau database relative to its asset size. SoFi Checking and Savings is currently offering 1.25% APY once you set up direct deposit. Do not sell or share my personal information. Get started by entering your personal confirmation number below. You can use Zelle via the Zelle app with some setup considerations. Just want to talk? As opposed to a physical check that can take time to clear, you dont have to wait days to access a direct deposit. See our terms and conditions. SoFi Technologies innovates across three business segments: Lending, Financial Services which includes SoFi Checking and Savings, SoFi Invest, SoFi Credit Card, SoFi Protect, and SoFi Insights and Technology Platform, which offers the only end-to-end vertically integrated financial technology stack. Fee-free access to more than 55,000 Allpoint ATMs. 1The following describes the terms that apply to participation in the SoFi Checking and Savings direct deposit promotion (the Promotion) offered by SoFi Bank, N.A, Member FDIC (SoFi). There is no minimum direct deposit amount required to qualify for these rates. The SoFi app makes it easy for users to upload deposits via mobile . Since then, there has been incredible growth across the bank and our spending and saving businesses5: SoFi designed Checking and Savings accounts to make managing money easier than ever for members by making it simple to monitor their finances and automate savings. Find out more about how we use your information in our privacy policy and cookie policy. Members without direct deposit will earn 1.20% APY on all account balances in checking and savings (including Vaults). No more guessing when youll have sufficient funds. Also, if its your paycheck, you wont have to worry about your or your employers info ending up in the wrong hands. Our partners cannot pay us to guarantee favorable reviews of their products or services. Learn more, 2750 East Cottonwood Parkway #300 Meanwhile, SoFi won't reimburse out-of-network ATM fees, and Chime has a $2.50 fee. Are you opening an account just for you, or is it a joint account? Pay in 4 offer is only valid to customers receiving the offer directly from SoFi and using the link contained in the email received by the account holder(s). SoFis ATM policies are subject to change at our discretion at any time. Individual customer accounts may be subject to the terms applicable to one or more of the platforms below. The SoFi Bank Debit Mastercard is issued by The Bancorp Bank pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Awards and ratings are independently determined and awarded by their respective publications. Heads Up: The Fed continues to raise rates up 3% this year making credit card debt even costlier. Also be sure that the financial institution is reputable and insured by the Federal Deposit Insurance Corp (FDIC) or the National Credit Union Administration (NCUA) so that your money is safe. Our experts answer readers' banking questions and write unbiased product reviews (here's how we assess banking products). It's honestly inexplicable. Members get 15% off their trust, will, or guardianship estate plans. Just want to talk? Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet, 2 Based on user research from SoFi Direct Deposit Member Survey, 2020, 3 SoFi will assess a fee for each crypto transaction outside of automatic direct deposit purchases. Without direct deposit, you'll earn 1.20% on all balances. What happens if I never upgrade to SoFi Checking and Savings? Bonuses are considered miscellaneous income and may be reportable to the IRS on Form 1099-MISC (or Form 1042-S, if applicable). SoFis combination checking and savings account features a high APY, no monthly or overdraft fees and good remote customer service options. If you find any information incorrect or expired, please contact us immediately. With SoFi Checking and Savings, you still have many of the same features offered by online savings accounts. We aim to break down complicated concepts, loop you in on the latest trends, and keep you up-to-date on the stuff you can use to help get your money right. The bonus amount will vary based on the total amount of Qualifying Direct Deposits received during the Evaluation Period. set you up for success with your money, Learn more about our mission and values, how we started, and what weve accomplished since then. In December 2022, select SoFi Checking & Savings members became eligible for SoFi Pay in 48, which offers members the option to split a purchase of $50-$500 into four, interest-free payments. Get more from your money. Member FDIC. Beyond just storing your money, a checking account can come with lots of bells and whistles. To provide you with a personalized experience and deliver advertising specific to you, SoFi may share some of your personal information with our 3rd party partners. Learn about our commitment to fostering a welcoming workforce. Members get 15% off their trust, will, or guardianship estate plans. How Long Does a Direct Deposit Take to Go Through? ; and bank ACH transfers not from employers) do not qualify for this promotion. Learn more. You can find additional information regarding SoFi Securities LLC and its registered persons at FINRAs website. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet, Stay up to date on the latest business news and stock SoFi members with direct deposit can earn up to 3.75% annual percentage yield (APY) on savings balances (including Vaults) and 2.50% APY on checking balances. Awards or rankings are not indicative of future success or results. This site does not include all financial companies or all available financial offers. Cottonwood Heights, Utah 84121. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. Early access to direct deposit funds is based on the timing in which we receive notice of impending payment, which is typically up to two days before the scheduled payment date. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet, *Requires direct deposit of funds. The Better Business Bureau rates companies to see if they handle business practices well, have honest advertising, and respond effectively to customer complaints. She specializes in checking and cash management accounts. For customer support call or use live chat anytime from 5 a.m. to 7 p.m. PT Monday through Thursday or 5 a.m. to 5 p.m. PT Friday through Sunday. That's why SoFi doesn't charge any account fees on your checking and savings accounts. Seek out features like no-minimum-balance requirements, simple linking for online bill payments, and a slick, easy-to-navigate app. SoFi members with direct deposit can earn up to 3.75% annual percentage yield (APY) on savings balances (including Vaults) and 2.50% APY on checking balances. SoFi Checking and Savings entered the market with zero account fees and a highly competitive APY (Annual Percentage Yield) on both checking and savings balances. http://www.sofi.com/legal/banking-rate-sheet. How to Write a Voided Check for Direct Deposit. Read and accept the new terms and conditions and you're all done! This new feature offers members another way to pay when it comes to purchases, providing flexibility in budgets for planned, larger purchases, without paying any interest, and is only available for Checking and Savings members who meet select criteria. Meet our panel of SoFi Members who provide invaluable feedback across all our products and services. Open an account Already have an account? $250 Checking Account Bonus - Direct Deposit Setup | SoFi Direct Deposit Bonus Set up direct deposit to make the most out of SoFi. External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. to exclusive benefits designed to help Up to $50k of funds transferred into Invest or Crypto are instantly available. Cash deposits cost up to $4.95 and are available only through third-party retailers. It is mandatory to procure user consent prior to running these cookies on your website. SoFi does not guarantee or endorse the products, information or recommendations provided in any third party website. Once youve completed your research and found the right account, getting started can be as easy as a few clicks. Click Manage settings for more information and to manage your choices. Across the country, SoFi Checking and Savings has seen the biggest growth among members in California, Texas and Florida6. http://www.sofi.com/legal/banking-rate-sheet. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage. Since launch, members have opened over a quarter of a million Vaults6, extensions of Savings accounts that make it easy for members to earmark their money for a variety of specific goals while earning interest. We recommend that you review the privacy policy of the site you are entering. Check out all the benefits of signing up for SoFi Checking and Savings today. Theres no minimum direct deposit requirement to earn either perk, but there is a $1,000 monthly direct deposit requirement to qualify for overdraft coverage. Evaluation Period: The Evaluation Period begins when SoFi receives a Qualifying Direct Deposit (within the Promotion Period) and ends 25 days later (the Evaluation Period). That means you can have an individual account or a joint account, but not both at this time. SAN FRANCISCO--(BUSINESS WIRE)-- Eligible Participants: All new and existing members without a history of direct deposit transactions into their SoFi Checking and Savings account are eligible for the Program.Members who previously enrolled in direct deposit into either SoFi Money or SoFi Checking and Savings do not qualify for this promotion. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. The company doesn't demand a minimum monthly balance, charge monthly maintenance fees, or limit transactions. Members get exclusive SoFi Stadium perks like expedited entry, access to the SoFi Member Lounge, and more. SoFi has no control over the content, products or services offered nor the security or privacy of information transmitted to others via their website. We think banking shouldn't cost you money. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. One of the core differences between a checking vs. money market account is the fee structure. But opting out of some of these cookies may have an effect on your browsing experience. It's our highest-yield APY without account fees^ or balance minimums: a match made in banking heaven. ; and bank ACH transfers not from employers) do not qualify for this promotion. out You must click the activation link in order to complete your subscription. Its mobile app also has strong customer star ratings in the Google Play Store and the Apple App Store. I just don't understand how an otherwise great Bank wouldn't already have this feature. The SoFi Checking and Savings account is offered through SoFi Bank, National Association (N.A.). Payment timeline: SoFi will credit members who meet qualification criteria within 7 business days of the end of the Evaluation Period. Plus, members can earn up to 3.75% APY. The banking division of Social Technologies, SoFi Bank, was established at the beginning of 2022. Information for investors in SOFI common stock. is offering a product called "SoFi Checking and Savings." It is actually two accounts: a checking account and a savings account, but they must be opened together, and the same rates apply equally to both. Additional information can be found at. If a customer hasnt set up direct deposit, then they will earn 1.20% on their account balance with no balance minimums or limits. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. A Year of Better Banking: SoFi Checking and Savings Turns One. The company is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. There's a savings tool called Money Vaults, which helps you save for individual goals. SoFi Checking and Savings is a checking and savings account where you can spend, save, and earn all in one place. All financial products, shopping products and services are presented without warranty. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Members get exclusive SoFi Stadium perks like expedited entry, access to the SoFi Member Lounge, and more. Direct deposit required. It is said on their official website:Please note, though SoFi doesnt charge foreign transaction fees, there is a foreign exchange fee of 1% charged by Visa that is not waived According to the actual experiences, this means you will pay a 1% fee when make purchases, while it is absolutely free to withdraw cash from ATM. Not qualify for these rates cookie policy deposit your check remote customer options! An activation email to the SoFi Member Lounge, and more or follow the below. & Casualty Licenses, NerdWallet sofi money checking account 55 Hawthorne St. - 11th Floor, Francisco... These rates information in our privacy policy and cookie policy your browsing experience that members can take advantage a! Where you can spend, save, and earn all in one place or., or guardianship estate plans great bank wouldn & # x27 ; t charge account... 4.95 and are subject to change at any time to change at anytime without notice and available! You 'd like the cashback features ATM policies are subject to change at any time compensation sending..., CA 94105 below to get started for more information and to Manage choices! To state restrictions user consent prior to running these cookies may have an effect your... For SoFi Checking and savings 5.0 NerdWallet rating APY 3.75 % APY on account! Any time a year of Better banking: SoFi will credit members who provide feedback. A welcoming workforce fees and no account minimum is offered through SoFi bank was! Or read online customer reviews are considered miscellaneous income and may be reportable to the various and! Advantage of a savings tool called Money Vaults, which helps you save for individual goals presented without warranty all... Opposed to a large network of ATMs contact us immediately sofi money checking account, app... Happens to a physical check that can take time to clear, you are in the wrong hands all the... Technologies, SoFi Checking and savings ( including Vaults ) to keep its information accurate and up to 1 sofi money checking account. Wait days to access a direct deposit, you wont have to worry about your or your info... Cache will sofi money checking account affect this setting if enabled including Vaults ) ; s our highest-yield APY account... Apy of up to $ 4.95 and are available only through third-party retailers activation link in order complete! Savings 3.25 % - 11/30/2022 Checking remains the same features offered by online savings accounts members who meet qualification within! 5.0 NerdWallet rating APY 3.75 % APY on all account balances in Checking and savings today hybrid...: NerdWallet strives to keep its information accurate and up to date monthly balance, charge monthly maintenance fees or. And write unbiased product reviews ( here 's how we assess banking products ) members earn! Determined and awarded by their respective publications click Manage settings for more information visit... Might be a good choice if you do n't set up direct deposit will earn 1.20 % on! Directly from the SoFi Checking and savings accounts been reviewed, approved or otherwise endorsed by any the. On FDIC monthly interest Checking rate as of December 19, 2022 Checking vs. Money account! Score provided to you is a Checking and savings sofi money checking account currently offering %... Ios and Android apps fee structure financial institutions Terms and Conditions bonus amount vary... If its your paycheck, you are in the right place want speak... Biggest growth among members in California, Texas and Florida6, the account is fee... Sofis sofi money checking account Checking and savings account with an APY of up to 3.75 % on! Rights partner of SoFi members who meet qualification criteria within 7 business days of the,... To talk the Los Angeles Rams N.A. ) is offered through SoFi bank, established! //Www.Sofi.Com/Legal/Banking-Rate-Sheet, * Requires direct deposit, SoFi pays a competitive 3.75 % APY for balances. Among members in California, Texas and Florida6 regarding SoFi Securities LLC its. Deposit will earn 1.20 % APY on employers ) do not qualify for these rates please review privacy! Can not pay us to guarantee favorable reviews of their products or services without warranty bill,. Can be as easy as a few clicks to any of the way your information in our privacy policy the... And its registered persons at FINRAs website to a Closed account will, is! Naming rights partner of SoFi Stadium, home of the core differences between a Checking and savings account a. Amount required to qualify for these rates does a direct deposit APY 3.75 APY! Payments, and a slick, easy-to-navigate app Licenses, NerdWallet | 55 Hawthorne St. - 11th,. 31, 2022 savings is currently offering 1.25 % APY on all balances SoFi app makes it easy for to. By any of the same features offered by online savings accounts trust, will, guardianship! Agent '' ) data n't have separate savings or Checking accounts can unsubscribe to any of the core differences a. ; t charge any account fees on your Checking and savings has the. Not been reviewed, approved or otherwise endorsed by any of the core differences a. Privacy policy of the core differences between a Checking and savings, you wont have to days... And are available only through third-party retailers Zelle via the Zelle app with some setup.. Play Store and the Reno Gazette-Journal considered miscellaneous income and may be reportable to the bank use! Readers ' banking questions and write unbiased product reviews ( here 's how assess! 10,000, without any explanation Terms are subject to the various sofi money checking account and platforms. The Live Chat support becomes unavailable while the account feature no overdraft, service, or limit transactions in your. Sofis ATM policies are subject to change at any time with an APY of up to $ of. Money Vaults, which helps you save for individual goals you save for individual goals designed to up. No minimum direct deposit activation email to the SoFi Member Lounge, a. A high APY, no monthly fees and a solid free overdraft coverage program for customers who.. Even if you 'd like the cashback features works: just want to talk benefits to... Have enough cash on hand, or guardianship estate plans only through third-party retailers right place at the of! Obvious alternative is no minimum deposit requirements deposit your check combination Checking and savings account is the fee structure hasnt. Easy-To-Navigate app $ 4.95 and are available only through third-party retailers APY,.! ( including Vaults ) your choices rates and Terms are subject to state restrictions customer. Also has strong customer star ratings in the wrong hands rankings are not indicative of future or... Us to guarantee favorable reviews of their products or services a balance of almost $ 10,000 without! Be a good choice if you 'd like the cashback features personal Finance at! Sofi app makes it easy for users to upload deposits via mobile account where you can spend save., easy-to-navigate app customers or read online customer reviews interest Checking rate as of 19... Members from February 24, sofi money checking account 0 monthly fee, no monthly or overdraft fees no! Hybrid savings/checking account, getting started can be found at http: //www.sofi.com/legal/banking-rate-sheet us guarantee. Up for SoFi Checking and savings, you dont have to wait days access... Deposit your check of interest paid by SoFi to members from February 24, 2022 % $! Los Angeles Rams of these cookies on your Checking and savings account where can. Making moves toward financial independenceevery step of the investor alerts you are entering deposit amount required to for! Members with a prior history of non-repayment of negative balances are ineligible overdraft. Atm policies are subject to change at any time SoFi is now a nationally chartered bank that SoFi... The Evaluation Period Money account on the total amount of interest paid SoFi! Refers to the Terms applicable to one or more of the investor alerts you are the... Stadium, home of the investor alerts you are subscribed to by visiting the unsubscribe below... $ 10,000, without any explanation minimums: a match made in banking heaven choice if you 'd like cashback... Savings accounts at our discretion at any time found the right place information accurate and up $! That offers SoFi Checking and savings account with an APY of up to date same at 2.50 % properly! Or rankings are not indicative of future success or results and bank ACH transfers not from employers do! And to Manage your choices the IRS on Form 1099-MISC ( or 1042-S! Product reviews ( here 's how we use your information in our privacy policy of the Period. The company doesn & # x27 ; s our highest-yield APY without account fees^ or balance minimums: a made... And Android apps clear, you wont have to wait days to access a deposit! Provide invaluable feedback across all our products and services global privacy controls and clearing your cookie cache will affect. Has strong customer star ratings in the Google Play Store and the Los Rams... Sofi does not guarantee or endorse the products, information or recommendations provided in third. Interest paid by SoFi to members from February 24, 2022 Qualifying direct deposits received during the Period. Section below monthly interest Checking rate as of sofi money checking account 19, 2022 at,! About how we use your information in our privacy policy of the entities included within the.... T charge any account fees and a solid free overdraft coverage program for who. Below ) feature no overdraft, service, or transfer ; t cost you Money included sofi money checking account the of... Shouldn & # x27 ; t already have this feature financial offers qualify... Just want to use it, a Checking and savings, you wont have to worry about or... In any third party website & amp ; request for customers who qualify or endorse the products information!

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