SoFi Disclosure:
¹ New and existing checking and savings account members who have not yet signed up for the SoFi direct deposit offer are eligible to receive a cash bonus when they set up a direct deposit offer of at least $1,000 during the direct deposit bonus period. The cash bonus is based on the total direct deposit amount. The direct deposit promotion begins 12/7/2023 and is available through 12/31/24. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, NA, Member FDIC.
SoFi members with direct deposit can earn 4.60% annual percentage rate (APY) on savings (including vault) and 0.50% APY on checking balances. There is no minimum direct deposit amount required to qualify for the 4.60% APY on savings (including vault). Members without direct deposit earn 1.20% APY on savings (including vault) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are effective 10/24/2023. There is no minimum balance requirement. For more information, visit http://www.sofi.com/legal/banking-rate-sheet.
² SoFi members with direct deposit or $5,000 or more in qualifying deposits during the 30-day evaluation period can earn 4.60% annual percentage rate (APY) on savings (including vault) and 0.50% APY on checking balances. There is no minimum direct deposit amount required to qualify for the stated rate. Members without direct deposit or qualifying deposits will earn 1.20% APY on savings (including vault) and 0.50% APY on checking balances during the 30-day evaluation period. Interest rates are variable and subject to change at any time. These rates are effective 10/24/2023. There is no minimum balance requirement. For more information, visit http://www.sofi.com/legal/banking-rate-sheet.
³ Our account fee policy is subject to change at any time.
⁴ SoFi Bank is a member of the FDIC and provides no more than $250,000 of FDIC insurance per legal account holder category, as described in the FDIC’s regulations. Any additional
FDIC insurance is provided through the SoFi Insured Deposit Program. Deposits can be insured up to $2 million through participation in the program. For complete terms, visit SoFi.com/banking/fdic/terms.
For a list of participating banks, visit SoFi.com/banking/fdic/receivingbanks.
⁵ We have partnered with Allpoint to provide you with access to any of the 55,000+ ATMs in the Allpoint network. You will not be charged a fee to use an in-network ATM, but third-party fees incurred when using out-of-network ATMs will not be refunded. SoFi’s ATM policies are subject to change at any time at our discretion.
⁶ Early access to direct deposit funds depends on when we receive notification of the upcoming payment from the Federal Reserve, which is usually up to two days before the scheduled payment date, but can vary.
⁷ Overdraft Coverage is capped at $50 on debit card purchases and is an account benefit available to customers with direct deposits of $1,000 or more during the current 30-day evaluation period, as determined by SoFi Bank, N.A. The 30-day evaluation period refers to the “Start Date” and “End Date” specified on your account’s APY detail page, which includes a 30 calendar day period (the “30-Day Evaluation Period”). You can access the APY detail page at any time by logging into your SoFi account via the SoFi app or the SoFi website and selecting either (i) Banking > Savings Accounts > Current APY or (ii) Banking > Checking Account > Current APY. Members who have a history of failing to repay negative balances are not eligible for Overdraft Coverage.
