Community Rating | Strongly recommended |
Monthly Fee | $0 |
ATM Fee: Out-of-Network | $0 |
Minimum Balance to Avoid Monthly Fee | N/A |
APY (Annual Percentage Yield) | 0.2% |
Number of Reviews | 6 |
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).
- Low APY. The maximum annual percentage yield for this account is only 0.2%.
- $0 monthly fee. This account does not charge a monthly maintenance fee.
- 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 reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
- Free bill pay. Pay your bills to practically anyone in the United States through SoFi.
- Hard credit pull. SoFi may require a hard pull on your credit report to open a checking account.
Pros | Cons |
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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 Money Cash Management Account offer?
Description | |
---|---|
APY (Annual Percentage Yield) | 0.2% |
SoFi Money Cash Management Account offers an APY of 0.2% (APY stands for annual percentage yield, rates may change).
What are the account minimums for SoFi Money Cash Management Account?
SoFi Money Cash Management Account does not require a minimum initial deposit.
Description | Amount |
---|---|
Minimum Initial Deposit | $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 | |
---|---|
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 |
What features and perks does SoFi Money Cash Management Account offer?
This account includes the following features:
- ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
- Fraud monitoring - SoFi Money Cash Management Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Free Bill Pay - 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. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Contact
- Headquarters
-
234 1st Street
San Francisco, CA 94105 - (855) 456-7634
- 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
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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