
SoFi Checking and Savings
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Community Rating | Strongly recommended |
Cashback Rewards | Up to 15% |
APY (Annual Percentage Yield) |
Up to 4.0% (Verified 03/23/2023)
|
Monthly Fee |
$0 (Verified 03/23/2023)
|
Minimum Balance to Avoid Monthly Fee | N/A |
Number of Reviews | 11 |
SoFi Checking and Savings Review
SoFi Checking and Savings is offered by SoFi, a nonbank financial services provider founded in 2011 and based in San Francisco, CA. SoFi Checking and Savings are available in 50 states (and Washington, DC).
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 4.0%, which is much higher than the average for a checking account.
- $0 monthly fee. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
- No ATM fees. SoFi Checking and Savings 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.
SoFi Checking and Savings Pros & Cons
Pros | Cons |
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SoFi Checking and Savings FAQ
Are checking accounts from SoFi federally insured?
Yes, your deposits are 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 Checking and Savings offer?
SoFi does not provide interest rate information until a customer applies for a new account.What are the account minimums for SoFi Checking and Savings?
SoFi Checking and Savings does not require a minimum initial deposit.
Description | |
---|---|
Minimum Opening Deposit | Starting at $0 |
Minimum Balance to Earn APY | $0 |
What fees does SoFi Checking and Savings charge?
The good news is that this account does not have a monthly Service Charge.
Description | |
---|---|
Monthly Fee | $0 |
ATM Fee: In-Network | $0 |
ATM Fee: Out-of-Network | Starting at $0 |
Foreign Transaction Fee (Debit Card) | 0% |
NSF Fee | $0 |
Overdraft Item Fee | $0 |
Overdraft Protection Fee (per transfer) | $0 |
Returned Deposit Fee (Domestic) | $0 |
Returned Deposit Fee (International) | $0 |
Stop Payment Fee | $0 |
Paper Statement Fee | $0 |
Online Bill Pay Fee | $0 |
Debit Card Replacement Fee | $0 |
Early Account Closure | $0 |
Does SoFi Checking and Savings charge overdraft fees?
No, SoFi Checking and Savings does not charge overdraft fees.What features and perks does SoFi Checking and Savings offer?
This account includes the following features:
- ATM rebates - This account will reimburse you for any domestic ATM fees.
- Fraud monitoring - SoFi Checking and Savings 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 Checking and Savings 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 Checking and Savings?
The customer support email for SoFi Checking and Savings is customerservice@sofi.com.
How do people rate the customer service and user experience of SoFi Checking and Savings?
Overall, SoFi Checking and Savings is strongly recommended based on community reviews that rate customer service and user experience.
Message From SoFi Checking and Savings
Contact
- Headquarters
-
234 1st Street
San Francisco, CA 94105 USA - (844) 945-7634
- Visit Site
- Email Support
Other Services by SoFi
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- 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
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
Minimum Opening Deposit | Starting at $0 |
Minimum Balance to Earn APY | $0 |
SoFi Checking and Savings Community Reviews
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