Statement of Financial Condition
SoFi Checking and Savings is offered through SoFi Bank, N. A. Member FDIC.
This is not an offer, or solicitation of any offer to buy or sell any security, investment or other product.
1SoFi members with direct deposit can earn up to 4.30% annual percentage yield (APY) on savings balances (including Vaults) and 1.20% APY on checking balances. There is no minimum direct deposit amount required to qualify for the 4.30% APY for savings. Members without direct deposit will earn 1.20% APY on all account balances in checking and savings (including Vaults). Interest rates are variable and subject to change at any time. These rates are current as of 6/9/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet
2 Deposits in checking and savings accounts are insured up to $250,000 per depositor for each account ownership category under the FDIC’s general deposit insurance rules.
3 We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.
4 Existing eligible SoFi Members with a SoFi Home Loan, Personal Loan, Student Loan or who maintain a minimum balance of $10,000 in their SoFi Invest account and take out a new loan of a different product type will receive a 0.125% Interest Rate Discount on that new Personal or Student loan (home loans are not eligible for interest rate discount). Existing eligible SoFi Members with a SoFi Personal Loan, Student Loan or who have a $50,000 minimum balance in their SoFi Invest account, can receive a 50% discount on SoFi’s $1,000 Home Loan Processing Fee on their first mortgage with SoFi. Based on regulatory requirements, the name of this fee may vary in certain states. To be eligible for either of these discounts, members must also meet the following criteria: 1) The member must be in good standing with their current and prior SoFi loans; 2) the member has never been 60 or more days past due on a current and prior SoFi loan; 3) the member has not been 30 or more days past due more than once on a current and prior SoFi loan; and 4) the member was never in forbearance on a SoFi loan. SoFi reserves the right to change or terminate either of these discounts at any time with or without notice. For complete terms and eligibility, please visit SoFi.com/legal#MemberRateDiscount.
SoFi Checking and Savings is offered through SoFi Bank, N.A.. 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. ©2023 SoFi Bank, N.A. All rights reserved. Member FDIC. Equal Housing Lender.
Advisory services are offered through SoFi Wealth, LLC a registered Investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov/.
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