| 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 lending platform 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?
| 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.
| Description | Amount |
|---|---|
| Minimum Initial Deposit | $0 |
What fees does SoFi Money Checking Account charge?
This account charges a monthly maintenance fee of $0.
| 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...
Contact
- Headquarters
-
One Letterman Drive Building A
Suite 4700
San Francisco, CA 94129 - Visit Site
Other Services by SoFi
Availability
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 |
SoFi Money Checking Account Community Reviews
Other Checking Accounts
Browse Checking Accounts
- Adventure Credit Union Checking Account
- America First Credit Union Checking Account
- AxiomGO Checking Account
- BBVA Convenience Checking
- Eastman Credit Union Beyond Free Checking
- First Citizens Bank & Trust Company Checking Account
- Frost Bank Checking Account
- Hudson Valley Federal Credit Union Checking Account
- Huntington 5 Checking Account
- On Point Community Credit Union Interest Checking
- Space Coast Credit Union Interest Checking
- Trustco Bank Home Town Free Checking
