| Community Rating | Mostly recommended |
| Monthly Fee | $0 |
| Minimum Balance to Avoid Monthly Fee | N/A |
| ATM Fee: Out-of-Network | $0 |
| APY | 2% |
| Number of Reviews | 5 |
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 offered 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 | 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.
Contact
- Headquarters
-
One Letterman Drive Building A
Suite 4700
San Francisco, CA 94129 - Visit Site
Other Services by SoFi
Availability
- 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
| 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 |
| Online Bill Pay Fee | $0 |
| 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 |
| Stop Payment Fee | $20 |
SoFi Money Checking Account Community Reviews
Would you recommend SoFi Money Checking Account to your friends?
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