What are SoFi Roundups, and how do they work?

SoFi Roundups help you build your savings automatically, without changing your spending habits. When you make a purchase with your SoFi debit card, the transaction is rounded up to the nearest dollar. The difference moves into your Savings account.

Which transactions are eligible for Roundups?

Roundups apply to eligible debit card purchases made with your SoFi Checking and Savings account. ATM withdrawals, ACH transfers, and peer-to-peer payments via platforms like Venmo or PayPal are not eligible.

What is a SoFi Vault, and do I need one for Roundups?

A Vault is a savings sub-account within SoFi Checking and Savings that lets you organize your money by goal. You’ll need at least one Vault to use Roundups, since that’s where your spare change will be saved.

Can I use Roundups with my SoFi Credit Card?

No. Roundups are only available with SoFi debit card purchases tied to your Checking and Savings account. They don’t apply to credit card transactions.

Can I automatically transfer funds to my SoFi Invest or Lending account?

No. Roundups can only be directed to Vaults within your SoFi Checking and Savings account.

Is there a fee for using SoFi Roundups?

No. Roundups is a free feature included with your SoFi Checking and Savings account.

Can I apply my Roundups to more than one Vault?

You can only assign Roundups to one Vault at a time, but you can switch the destination anytime in the SoFi app.

How can I use the funds saved through Roundups?

Your Roundup amounts are automatically saved into a designated SoFi Vault. To use these saved funds, you can easily transfer them from your Vault back to your SoFi Checking account.

What happens if I don't have enough money in my checking account for a purchase and the Roundup?

If your available balance can’t cover both the purchase and the Roundup amount, the Roundup won’t process. The transaction itself will still go through as long as funds are available.

Why don’t I see a Roundup right after a purchase?

Roundups are typically processed after the transaction settles, which may take a day or two. You’ll see the Roundup transfer once it’s completed.

How do I see my Roundup history and total savings?

You can view your Roundup activity and Vault balance in the SoFi app. Just tap into your Vault to see recent transfers and track your total savings.

How do I deactivate Roundups?

You can turn off Roundups anytime through the SoFi app. Just navigate to your Vault settings and toggle off the Roundups feature.

SoFi Roundups: Automatically Save Money with Every Purchase

SoFi Checking and Savings is offered through SoFi Bank, N.A. Member FDIC. The SoFi® Bank Debit Mastercard® is issued by SoFi Bank, N.A., pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

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Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at http://www.sofi.com/legal/banking-rate-sheet.

Eligible Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Eligible Direct Deposit”) via the Automated Clearing House (“ACH”) Network every 31 calendar days.

Although we do our best to recognize all Eligible Direct Deposits, a small number of employers, payroll providers, benefits providers, or government agencies do not designate payments as direct deposit. To ensure you're earning the APY for account holders with Eligible Direct Deposit, we encourage you to check your APY Details page the day after your Eligible Direct Deposit posts to your SoFi account. If your APY is not showing as the APY for account holders with Eligible Direct Deposit, contact us at 855-456-7634 with the details of your Eligible Direct Deposit. As long as SoFi Bank can validate those details, you will start earning the APY for account holders with Eligible Direct Deposit from the date you contact SoFi for the next 31 calendar days. You will also be eligible for the APY for account holders with Eligible Direct Deposit on future Eligible Direct Deposits, as long as SoFi Bank can validate them.

Deposits that are not from an employer, payroll, or benefits provider or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, Wise, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Eligible Direct Deposit activity. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. SoFi Bank shall, in its sole discretion, assess each account holder's Eligible Direct Deposit activity to determine the applicability of rates and may request additional documentation for verification of eligibility.

See additional details at http://www.sofi.com/legal/banking-rate-sheet

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