New! Eligible SoFi members can invest in upcoming IPOs before they’re traded on the public market—only in the SoFi app.* Learn more


We’ve got your
back with no-fee
Overdraft Coverage.

You shouldn’t be charged if you accidentally spend more than you have. That’s why SoFi® covers up to $50 once you’ve set up direct deposit of at least $1,000.*

Get SoFi Money

Already bank with SoFi?
Set up direct deposit →

How it works:

SoFi members who receive $1,000 or more in total monthly
direct deposit are eligible for no-fee Overdraft Coverage.


Sign up for Checking and Savings and set up direct deposits of at least $1,000. We’ll automatically turn on Overdraft Coverage as soon as you do.


Spend more than you have in your account? We’ll cover you up to $50 with no fees.


Your next deposit will automatically be applied to your negative balance.


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