SuperMoney 
  SoFi Money Checking Account

SoFi Money Checking Account

in Checking Accounts from SoFi

Claimed

SoFi Money Checking Account

Claimed

in Checking Accounts from SoFi

SuperMoney Net Recommendation Score +50% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly recommended

4 users recommend
1 user is unsure
1 user doesn't recommend
Cast your vote
Cast your vote

Would you recommend SoFi Money Checking Account to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
Community Rating Strongly recommended
Monthly Fee $0
Minimum Balance to Avoid Monthly Fee N/A
ATM Fee: Out-of-Network $0
APY (Annual Percentage Yield) 2%
Number of Reviews 6

SoFi Money Checking Account Review

SoFi Money Checking Account is offered by SoFi, a marketplace lender founded in 2011 and based in San Francisco, CA. SoFi Money Checking Account is available in 50 states (and Washington, DC).

Are checking accounts from SoFi federally insured?

No, your SoFi checking accounts are not insured by a federal insurance agency. This means that if SoFi were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What APY does SoFi offer?

SoFi Money Checking Account Rates & Terms
Description
APY (Annual Percentage Yield) 2%

SoFi Money Checking Account offers an APY of 2% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

What are the account minimums for SoFi Money Checking Account?

SoFi Money Checking Account does not require a minimum initial deposit.

SoFi Money Checking Account Account Minimums
Description Amount
Minimum Initial Deposit $0

What fees does SoFi Money Checking Account charge?

This account charges a monthly maintenance fee of $0.

SoFi Money Checking Account Fees
Description
Monthly Fee $0
Paper Statement Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
NSF Fee $0
Overdraft Protection Fee (per transfer) $0
Overdraft Item Fee $0
Early Account Closure $0
Returned Deposit Fee (Domestic) $0
Debit Card Replacement Fee $0
Bank Teller Fee N/A
Check Cashing Fee N/A
Online Bill Pay Fee $0
Stop Payment Fee $20
Check Image Service N/A
Check Copy N/A
Foreign Transaction Fee (Debit Card) 0%
Wire Transfer Fee - Domestic (Outgoing) $0
Wire Transfer Fee - International (Outgoing) $0
Wire Transfer Fee - International (Incoming) $0
Returned Deposit Fee (International) $0
Wire Transfer Fee - Domestic (Incoming) $0
ATM Reimbursement Monthly Limit N/A

What features and perks does SoFi Money Checking Account offer?

This account includes the following features:

  • Mobile Banking Services - SoFi Money Checking Account allows you to manage your money online.
SOFI MONEY CHECKING ACCOUNT Disclosure: Standard fees for ingoing and outgoing wire transfers (actual fees not yet announced)
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 0%
Monthly Fee $0
NSF Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Paper Statement Fee $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $0
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $0
ATM Fee: Out-of-Network $0
Stop Payment Fee $20
Bank Account Features
  • Debit Card
  • Mobile Banking
APY (Annual Percentage Yield) 2%

SoFi Money Checking Account Community Reviews

 

Would you recommend SoFi Money Checking Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Other Checking Accounts

Axos Bank Rewards Checking
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

1 Reviews

USAA Classic Checking Account
Mostly recommended

6 Reviews