
SoFi Money Cash Management Account
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Community Rating | Strongly recommended |
Cashback Rewards | Up to 15% |
APY (Annual Percentage Yield) | 0.01% - 0.25% |
Monthly Fee | $0 |
Minimum Balance to Avoid Monthly Fee | N/A |
Number of Reviews | 7 |
SoFi Money Cash Management Account Review
SoFi Money Cash Management Account is offered by SoFi, a nonbank financial services provider founded in 2011 and based in San Francisco, CA. SoFi Money Cash Management Account is available in 50 states (and Washington, DC).
- Higher than average APY. SoFi Money Cash Management Account has an annual percentage yield of up to 0.25%, which is higher than the national average interest rate on savings accounts.
- $0 monthly fee. This account does not charge a monthly Service Charge.
- No minimum initial deposit. There is no minimum balance required to open an account.
- No ATM fees. SoFi Money Cash Management Account does not charge fees on ATM transactions.
- ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
- Bill pay. Pay your bills to practically anyone in the United States through SoFi.
Pros | Cons |
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Are checking accounts from SoFi federally insured?
Yes, this account is insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does SoFi Money Cash Management account offer?
SoFi Money Cash Management account offers an APY starting at 0.01% and ranging up to 0.25% (APY stands for annual percentage yield, rates may change).
Rates | Amount |
---|---|
APY (Annual Percentage Yield) | 0.01% - 0.25% |
What are the account minimums for SoFi Money Cash Management account?
SoFi Money Cash Management account does not require a minimum initial deposit.
Description | |
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APY Minimum Balance | $0 |
Minimum Opening Deposit | Starting at $0 |
What fees does SoFi Money Cash Management account charge?
The good news is that this account does not have a monthly Service Charge.
Description | |
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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 |
Stop Payment Fee | $0 |
ATM Fee: Out-of-Network | $0 |
Does SoFi Money Cash Management account charge overdraft fees?
No, SoFi Money Cash Management account does not charge overdraft fees.What features and perks does SoFi Money Cash Management account offer?
This account includes the following features:
- ATM rebates - This account will reimburse you for any domestic ATM fees.
- Fraud monitoring - SoFi Money Cash Management account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - SoFi Money Cash Management account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
What is the customer support email for SoFi Money Cash Management account?
The customer support email for SoFi Money Cash Management account is customerservice@sofi.com.
How do people rate the customer service and user experience of SoFi Money Cash Management account?
Overall, SoFi Money Cash Management account is strongly recommended based on community reviews that rate customer service and user experience.
Message From SoFi
Contact
- Headquarters
-
234 1st Street
San Francisco, CA 94105 - Visit Site
- Email Support
Other Services by SoFi
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- 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
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 |
Stop Payment Fee | $0 |
ATM Fee: Out-of-Network | $0 |
SoFi Money Cash Management Account Community Reviews
Would you recommend SoFi Money Cash Management Account to your friends?
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