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A person typically has to be 18 to open their own bank account. That said, there are many options if you want to open a bank account for a child. In general, a bank account can be started at any age — as long as a parent or a guardian serves as a joint account holder.

Opening a bank account can help kids gain hands-on money skills and learn how a bank account works.

What Age Can You Open a Bank Account?

How old do you have to be to open a bank account? Usually, a person has to be 18 to open their own account. However, there isn’t a federal law that sets a minimum age at which you can have a bank account. Each state can have its own regulations regarding accounts for young savers and, depending on the state, financial institutions also may have the ability to set their own rules.

If you’re interested in opening an account and are unsure of age requirements, you may want to contact a few different financial institutions to ask if they have an account that suits your needs.

Can a Minor Open a Bank Account?

Usually, you must be 18, or the age of majority in your state, to open a bank account without a parent or guardian. But there are ways in which a minor can open a bank account and have his or her name on it. Some popular options include:

Custodial Accounts

A custodial account is an account an adult opens on behalf of a minor. The money held in the account belongs to the minor but is controlled by the custodian — usually a parent — until the minor reaches the age of majority (typically 18 to 21, but it may vary by state). There are a few different types of custodial accounts, including savings, educational savings, and investment accounts.

With this type of account, the minor won’t be able to access funds on their own, and they won’t be issued an ATM card. Generally, a custodial account changes over to an individual account when the child reaches adulthood.

Joint Accounts

A joint account may be possible, listing both a minor’s name and an adult’s name as co-owners, and they have equal control of the account. In some cases, the child must be between the ages of 13 and 17. In other cases, a younger child may be able to be a joint account holder, but perhaps with fewer privileges.

If the goal of the account is to help a minor learn financial responsibility or to give them control over their own money — but with an adult’s guidance — this might be the right choice. These accounts usually offer the parent the ability to monitor and control the account to some degree. For instance, the parent might set spending limits and get notified of transactions.

When minors reach the age of majority, they may choose to keep a joint account, but they also may want to transfer the account to just their name. As another option, they can open a new, individual account that better suits their current needs.

Recommended: Tips to Improve Your Money Mindset

Can a Minor Withdraw Money from a Bank Account?

If you’re wondering if a minor can withdraw money from a bank account, the answer is: It depends. With a custodial account, it is likely that the child cannot touch the money. The adult likely maintains control until the child reaches majority and becomes the account owner.

However, with a joint account, the child may be able to deposit and withdraw funds, just as the adult on the account can. That said, parental monitoring and controls can often be set up. In some cases, the child needs to be a certain age to withdraw money, or they might be unable to deposit or transfer money, as is the case with U.S. Bank.

What Age Can You Get a Debit Card?

Typically, checking accounts for kids and teens offer debit cards. The age at which a minor can get a debit card will be determined by the bank offering the account. This feature may only be available to teens, but some banks (such as Chase with its Chase First Banking program) allow six-year-olds and up to get debit cards.

There are also options like prepaid or secured debit cards that can be used by kids. Acorns Early offers them to children as young as age 6 to help them learn money management skills, while Greenlight says there is no minimum age for its debit card. It is likely, however, that you will find plenty of parental monitoring and controls in place, so it’s not as if the child can spend all their money on a whim.

What Will I Need to Open a Bank Account?

Whether you plan to open a bank account online or in person, you can expect to be asked for identification and certain types of documentation. Most account applications are straightforward and easy to complete; still, you may save some time by confirming that you meet all the criteria for a particular type of account before you get started.

You may have to provide the following information and documents when you set up a bank account:

•   Government-issued photo identification, such as a valid driver’s license or passport

•   Social Security number or other identification number

•   Contact information, including your full name, address and phone number

•   Proof of address, such as a utility bill or some other type of official document with your current address (you can print an online statement if you receive paperless bills and documents)

•   Student bank accounts may require proof of school enrollment, such as a student ID or acceptance letter

•   Joint account holders should be ready to provide required documents for all parties named on the account

This can mean that you may need one or more of the following forms of ID for the child who will be on the account:

•   Social Security card

•   Birth certificate

•   Passport

•   School photo ID

•   Immunization record

In addition to the above items, a minimum deposit to open an account may be required.

Recommended: How to Open a Bank Account

What to Consider When Choosing a Bank Account

Your goals for the account and how much participation you want the child to have can help you decide between a savings account vs. a checking account and between a custodial account or joint account.

Some other things to keep in mind as you compare accounts include:

Access

If you and/or your child expect to make frequent deposits and withdrawals, you may want to be sure the account comes with access to a large ATM network, easy online banking, or a convenient branch location.

Account Minimums

Many banks and credit unions have minimum balance requirements for savings and checking accounts. If you and your child would struggle to meet that threshold, you may want to look for an account that has a low or no minimum balance requirement.

APY

Earning interest isn’t necessarily a top priority with a bank account, but every little bit helps. Learning how an annual percentage yield (APY) works and how interest is calculated can be a good teachable moment for kids. What’s more, watching their money grow can be educational and motivational for young savers.

Recommended: APY Calculator

Customer Support

Does the financial institution have a reputation for reliable and helpful customer service? This could be important if you have questions or need help with disputing a transaction.

Fees

Fees can quickly eat away at a teen’s hard-earned money, especially if they’re using a non-network ATM to make withdrawals. You may want to find accounts that offer no or low monthly fees, ATM fees, overdraft fees and non-sufficient funds (NSF) fees.

Online/Mobile Experience

Whether you prefer online vs. traditional banking, be sure to check out the financial institution’s web and mobile platforms. It’s likely both parent and child will be using these tools on a regular basis.

Parental Protections

Though having a checking or cash management account can be a big step toward financial independence, it can be wise to put some parental controls on a minor’s account. Many accounts allow parents to monitor their child’s transactions so they can offer timely guidance.

Security

Will the money in the account be insured by the FDIC or NCUA? Will your personal and financial information be protected from unauthorized access with two-factor or multi-factor authentication? If one of your reasons for using a bank account is to keep your money safe, these can be important questions to ask.

Opening a Checking Account vs Savings Account for a Minor

As you consider options for opening a bank account for a minor, you may be faced with the decision of whether to go with a checking or a savings account. Here are some key differences to be away of; they can help you find the right fit:

The Takeaway

Though there is likely a minimum age to open a bank account on your own (typically 18), minors may be able to share a joint account with a parent or guardian until then. There are several types of accounts that kids and their parents might consider depending on their needs and goals, so it’s important to do a little research before choosing an account. Once a child is of legal age, they can shop for an account that suits their needs.

Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.

FAQ

What is the youngest age to open a bank account?

In terms of at what age you can open a bank account, there’s no single rule. Typically, though, you must be age 18 or the age of majority in your state to have your own account. But, via joint accounts and custodial accounts, even younger individuals can have some banking privileges.

How do I open a bank account for a minor?

To open a bank account for a minor, you typically need various forms of identification, proof of residence, and an opening deposit. If the minor will share the account, they will need to provide identification as well.

Can a child get a debit card?

A child can get a debit card as part of the features of many joint accounts for minors. You may find them for kids as young as age six. There are also some secured or prepaid debit cards for minors, some with no minimum age available.

Photo credit: iStock/Chaay_Tee
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.

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 https://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 https://www.sofi.com/legal/banking-rate-sheet.
*Awards or rankings from NerdWallet are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Third Party Trademarks: Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®

SOBNK-Q325-038

Renting a car with a debit card is possible at certain car rental agencies, but you may have to jump through a few additional hoops, such as paying a large deposit or undergoing a credit check. Agencies may also impose certain restrictions, such as being over age 25 and having a debit card with a Visa or Mastercard logo.

Here are key things to know about renting a car with a debit card, including which companies accept debit cards, the pros and cons of using debit vs. credit, and alternatives ways to pay for a rental car.

Is It Possible to Rent a Car With a Debit Card?

So, can you use a debit card to rent a car? Yes! You’ve just got to find rental car agencies that accept debit cards. Though company policies can change, and also vary by location, these are among the agencies that typically allow drivers to rent a car without a credit card:

•   Alamo

•   Avis

•   Budget

•   Dollar

•   Enterprise

•   Hertz

•   Thrifty

Keep in mind that rental car companies that accept debit cards often have additional requirements and restrictions for customers who choose to pay this way.

For example, the company might require a large security deposit and run a credit check on you. You may also have to provide multiple forms of identification, be at least 25 years old, and/or have a debit card with a common logo, like Mastercard, Visa, American Express, or Discover. Airport rental agencies may have additional requirements for renting a car with a debit card, such as proof of return travel.

In addition, the rental company will likely place a debit card hold (equivalent to the total estimated cost of the rental, plus some extra funds for security), which will limit the funds available in your checking account. The hold on the account will be removed after the car is returned and all fees are paid.

It’s a good idea to call the specific location where you hope to rent a car using a debit card. You can then make sure you understand what requirements must be met in order to reserve and pay for the car. In some cases, a rental agency will allow you to use your debit card to pay your final rental bill after you return the car, but require a credit card to make the car reservation.

Recommended: Cheapest Ways to Rent a Car

Why Do Many Car Rental Companies Require a Credit Card?

While many rental car companies will let you rent a car with a debit card, they generally prefer that you use a credit card. The reason is that credit cards offer multiple types of assurances to a rental car agency. For starters, a credit card signals to them that you are trustworthy and responsible — two traits that a company might value before lending you a $25,000+ piece of heavy machinery.

Credit cards also enable rental car companies to collect money for any repairs, tickets, tolls, and other fees. Because of the open line of credit on the card, the rental agency knows it can charge you for incidentals as necessary — without requiring a large security deposit from you up front.

Recommended: Can You Use a Debit Card Online?

Pros of Renting a Car With a Debit Card

Renting a car with a credit card certainly seems easier, but are there advantages to using a debit card? Definitely. Here are some of the pros of using a debit card to rent a car:

•   No credit card necessary: The biggest advantage is also the most obvious. If you can’t qualify for a credit card or simply don’t want one, using a debit card allows you to rent a car without needing a line of credit.

•   No credit card interest: If you pay your credit card off in full each month, you probably aren’t worried about credit card interest. But if you suddenly have a major charge for a car rental, you might be tempted to just make your minimum payment on your credit card — and rack up interest. By paying with a debit card, you don’t risk accruing credit card interest.

•   No impact on credit utilization: High credit utilization can drive down your credit score. By using a debit card, you won’t tap into any of your available credit. However, if the agency runs a credit check for debit card users, the hard inquiry could impact your credit score temporarily.

Cons of Renting a Car With a Debit Card

Though it’s possible to rent a car with a debit card, this payment method can have drawbacks. Here are some of the biggest downsides of renting a car with a debit card:

•   Fewer perks: By swiping your debit card, you may be missing out on credit card travel insurance offered to cardmembers. If you have a rewards credit card that earns cash back or points for every purchase, you may also be leaving money on the table by using a debit card.

•   Security deposit: When using a debit card, you’ll often have to pay the full cost of the rental up front. On top of that, an agency may hold additional funds as a security deposit. This could reduce the cash you have available to spend while on your travels.

•   Credit check: Without a credit card, the rental car agency may perform a credit check before handing over the keys. This can result in a hard inquiry on your credit report.

•   More hoops to jump through: In addition, rental agencies may require multiple forms of ID, might have age requirements, and may even need to see proof of scheduled return travel to allow you to pay with a debit card.

Is It Better to Rent a Car With a Debit or Credit Card?

Do you need a credit card to rent a car? Not necessarily. If you cannot qualify for a credit card or do not want one, renting with a debit card may be the right choice for you.

That said, using a credit card can offer some perks. Doing so is likely the better approach for many drivers since it won’t require putting a large hold on the funds in your bank account, may have built-in car insurance, and won’t necessitate a credit check by the agency.

Is It Safer to Rent a Car With a Debit or Credit Card?

Renting a car with a credit card is generally safer than renting a car with a debit card. One reason is that it can be more challenging to dispute charges with a debit card compared to a credit card. In addition, your credit card may also offer rental car insurance as part of its perks, meaning extra protection on the road.

Alternatives to Car Rentals With Debit Cards

While you can use a debit card to rent a car, here are some alternative payment options you may want to consider:

•   Using a credit card: The main alternative is paying for a car rental with a credit card. In fact, this is usually the better option for the driver and the rental agency.

•   Riding with another driver: If someone else in your party has a credit or debit card and is willing to pay for the rental, let them get behind the wheel. Many companies allow customers to add additional drivers to the rental contract, though it may involve a fee.

•   Paying with a prepaid card or cash: While rental car agencies will likely require a credit or debit card to secure the rental, some agencies may allow you to pay with a prepaid card, money order, or even cash at the end of the rental agreement — once the car has successfully been returned.

Recommended: Common Misconceptions About Money

Ways to Protect Yourself While Renting a Car

Renting a car can be stressful, but it also enables you freedom to travel, allows you to put miles on a car that isn’t yours during road trips, and may come in handy when your vehicle is being worked on. Here’s how you can protect yourself when renting a car:

•   Research the car before driving it: Once you know the year, make, model, and trim of your rental, you can research it online to understand any nuances to how it works, especially if you aren’t accustomed to newer safety technologies. The owner’s manual should be in the glove compartment and is worth reviewing if you’re uncomfortable driving an unfamiliar vehicle.

•   Carry insurance: Before renting a car, it’s a good idea to check with your car insurance agent and your credit card company to see what coverage you have. If you don’t have coverage for the rental through any other means, make sure you opt in for the insurance offered by the rental agency.

•   Follow the rules of the road: You should always abide by traffic laws, but they’re especially important when you’re learning a new vehicle. If you’re traveling in a foreign country, it’s a good idea to study their laws and traffic signs at home before your trip.

The Takeaway

Renting a car with a debit card is possible, but you’ll miss out on some of the perks of paying with a credit card — like potential cashback rewards and car insurance. Plus, rental agencies may require you to fulfill more requirements to get behind the wheel, like paying a security deposit or agreeing to a credit check.

Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.

FAQ

Which rental car companies allow you to use a debit card?

Alamo, Avis, Budget, Dollar, Enterprise, Hertz, and Thrifty are just some of the rental car companies that allow you to pay with a debit card. However, these and other rental car companies may have stricter rules and requirements for renting a car with a debit card vs. a credit card, such as requiring a credit check or a larger security deposit.

Are there any restrictions when renting a car with a debit card?

Each rental car company may have its own restrictions when you rent a car with your debit card. For example, they may require you to be 25 or older, pay a large security deposit, and/or agree to a credit check. It’s a good idea to call the specific agency before arriving to understand what you’ll need in order to rent a car with a debit card.

What is the process of renting a car with a debit card?

Rental agencies have varying processes for renting a car with a debit card. It’s a good idea to check online and even to call the specific agency to understand the process ahead of time. In general, companies may require full payment plus a security deposit up front, they may run a credit check, and they might want to see multiple forms of identification. If you’re renting at an airport, they may also require you to provide proof of a return plane ticket.

Photo credit: iStock/Khaosai Wongnatthakan

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.

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 https://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 https://www.sofi.com/legal/banking-rate-sheet.
*Awards or rankings from NerdWallet are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

SOBNK-Q325-020

If you need a cashier’s check but don’t have a bank account, you will likely have to put some time and effort into getting the form of payment you need. You might open an account ASAP, find a financial institution that will issue a cashier’s check to those who aren’t account holders, or else consider using a money order.

The reason why cashier’s checks can be so restrictive and desirable is that they are a very secure form of payment, issued against a financial institution’s own funds. That is why they are not given out casually.

If you don’t have a bank account but need a cashier’s check, this guide will walk you through your options.

What Is a Cashier’s Check and How Does It Work?

A cashier’s check is a type of check that is issued by a bank from its own account and signed by a representative of the financial institution. Because the funds are guaranteed by the bank as opposed to the check writer, recipients of a cashier’s check can be assured of its security. They can feel confident that it won’t bounce.

(This is assuming, of course, that it’s not a fake or forged document — not even cashier’s checks are immune to fraud, which is why it’s important to verify a check.)

When a consumer buys a cashier’s check, the bank will typically withdraw funds from that person’s checking or savings account and then deposit them into its own account. From there, the bank will write the cashier’s check from its own account.

You may wonder what the difference is between a cashier’s vs. a certified check. With a certified check, the money is withdrawn from an account holder’s check and then certified by the bank. This certification indicates that there are enough funds in the account to cover the check and verifies that the account’s owner’s identity was confirmed by the bank. However, the money is not placed into the bank’s own account as an interim step.

Procedures involving checks, like ordering checks or having a cashier’s check prepared, often involve a fee. For cashier’s checks, this could be a flat fee of $10 or $15 or sometimes a percentage of the check’s amount. The fee may be waived for clients who have premium accounts.

Can You Get a Cashier’s Check Without a Bank Account?

Bank policies can vary, but it can be more challenging to get a cashier’s check without an account. Credit unions may be more willing to offer this service than banks, but it’s important to check with an individual institution to find out whether they’ll offer a cashier’s check without an account.

Keep in mind that you can only get a cashier’s check through a financial institution like a bank or credit union. You cannot purchase one at, say, the post office or Western Union.

If you do find a financial institution that will issue a cashier’s check to non-customers, the rest of the process will be largely the same as it is for customers — except that you will need to pay in cash because the funds can’t be withdrawn from an account.

The steps will likely involve:

•   Providing proper identification

•   Giving the financial institution the cash to deposit into its account

•   Letting the bank employee know the amount of the check you’ll need

•   Supplying the correct spelling of the recipient’s (payee’s) name

•   The bank printing all of the information; this means you can’t make any changes or handwritten corrections

Where to Get a Cashier’s Check Without a Bank Account

As far as where to get a cashier’s check without a bank account, most financial institutions won’t accommodate this request. You will likely have to do a bit of research to find one that does. You might try smaller local banks and credit unions in your area to see if they will accommodate this request.

Here is another work-around:

Opening and Closing an Account

If you know you’ll need to have a cashier’s check in the near future, opening a checking account now can position you for this financial transaction. To do so, you will typically need to provide information confirming your identity and choose which type of account you wish to open. From there, you can fill out an application and make an opening deposit, if required.

Then, once the account is up and running, you can request a cashier’s check. Make sure not to get one too far in advance of when it’s needed, because how long a check is good for is typically six months.

When you’re ready to close the account, be sure to transfer funds and move automatic transactions over to a new one, if that’s your plan, or to find other ways to handle these matters.

Can You Get a Cashier’s Check at Any Bank?

Virtually all financial institutions (traditional and online banks, credit unions) will issue cashier’s checks. The challenge can be that they typically only create these financial instruments for account holders.

If you just walk into or contact a bank where you do not have an account, they may not be willing to issue a cashier’s check for you. That’s true even if you have enough cash on you to cover the amount of the check you’re seeking.

Is There a Maximum Amount for a Cashier’s Check?

There is typically no upper limit for cashier’s checks, though policies may vary from one financial institution to the next.

The fact that there isn’t usually a maximum amount for cashier’s checks makes them particularly useful for larger purchases. For example, when undertaking a real estate transaction or buying a car, a cashier’s check may be a preferred form of payment for both parties involved.

Recommended: APY Calculator

Money Order: An Alternative to a Cashier’s Check

If you’re struggling to get a cashier’s check without a bank account or are simply curious what alternatives there may be, you may consider a money order. A money order is a type of paper check that can’t bounce because it’s been prepaid by the sender. Typically, there’s a limit to the value of these, a maximum of $1,000. One big advantage of money orders is that you don’t need a bank account to get one. This can make it an important option for those who are unbanked.

For instance, you can go to the post office and do the following:

•   Purchase money orders using cash, a traveler’s check, or a debit card (though not a credit card)

•   Pay the face value of the money order, plus a fee of a couple of dollars (for a domestic money order)

•   Fill out the money order to the payee and complete the transaction

Many banks and credit unions also sell money orders for a small fee of a few dollars, which may be waived for certain customers.

Money orders are also available at some retail locations, such as pharmacies, convenience stores, Western Union, Moneygram, and more. While fees may vary from location to location, they are usually no more than a few dollars.

Another Options to a Cashier’s Check

If a money order isn’t the right vehicle for you, there may be another way to move money if you cannot access a cashier’s check. You might be able to use a P2P app to transfer funds, such as PayPal or Venmo. These services can have transaction limits and fees, so do your research first.

The Takeaway

A cashier’s check is a form of payment that must be issued by a financial institution. Typically, funds are taken out of a customer’s savings or checking account and deposited into the bank’s account. Then the check is issued from the bank’s account, which provides a significant amount of security. Some banks or credit unions may allow you to buy a cashier’s check even if you are not a customer, but you may need to call around to determine where this is available. Money orders, meanwhile, can be purchased at the post office, financial institutions, and some retail and convenience stores.

FAQ

Can you get a cashier’s check without a bank account?

Many financial institutions do require a bank account to issue a cashier’s check. You may be able to get one without an account, perhaps through a credit union. It’s likely easier to buy a money order if that form of payment is acceptable to the recipient. This type of check is more widely available, including at the post office, financial institutions, and some retail and convenience stores.

Can I get a cashier’s check somewhere other than a bank?

No. By definition, a cashier’s check comes directly from a bank’s account. You can, however, get a money order from a variety of establishments, including the post office, financial institutions, and some stores.

Can I use a money order instead of a cashier’s check?

That depends upon the recipient. Both forms of payment are considered safer than a personal check, but you’ll need to verify that your payee will accept a money order instead of a cashier’s check if that’s what they requested. Also keep in mind that money orders may only be available in denominations up to $1,000.

Can you get a cashier’s check at the post office?

Only a financial institution can issue a cashier’s check because it comes directly from the bank’s or credit union’s own account. Thus, you cannot get a cashier’s check at the post office. The post office does issue money orders, however, which can be a good alternative if your recipient will accept this form of payment.

About the author

Kelly Boyer Sagert

Kelly Boyer Sagert is a full-time freelance writer who specializes in SEO-optimized blog and website copy: both B2B and B2C for companies ranging from one-person shops to Fortune 500 companies. Read full bio.

You may also be interested in:

What Is a Cashier’s Check and How Can You Get One?

Comparing Cashier’s Checks vs. Money Orders

What’s the Difference Between a Certified Check and a Cashier’s Check?

Photo credit: iStock/pixdeluxe

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Third Party Trademarks: Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®

SOBNK-Q325-037

Financial gurus, your money-savvy friend, and personal finance books and articles all say the same thing: You need a budget. Why? Because without any guardrails to guide your spending decisions, you can end up overspending (and, in turn, running up debt). You may also find it difficult to reach important financial goals, such as building an emergency fund, going on vacation, or buying a home.

The main characteristics of any budget are estimates of how much money you’ll make and how much you’ll spend over a certain period of time, typically a month. Trouble is, it can be hard to predict every expense that may come up in a given month. That can make it hard to know what to include in your budget. But don’t give up — read on. What follows are eight key components of a successful and realistic budget.

The Importance of Budgeting

While a budget may sound restrictive, it’s really nothing more than a plan for how you will spend your money. Why bother making one? Here’s a look at some of the benefits of putting together a basic budget:

•   Lets you know if you’re spending more than, less than, or about the same as you’re earning each month.

•   Gives you a birds-eye view at where exactly your money is going each month.

•   Helps you avoid spending more than you have or want to spend.

•   Alerts you to subscriptions or services you’re paying for but may no longer need.

•   Ensures you stay on top of debt payments.

•   Allows you to make adjustments in your spending and saving so you can align your financial habits to reach your goals.

•   Can prevent you from going into debt should there be an unexpected, emergency expense or if you get laid off

•   Helps you feel more secures and less stressed about money

Key Characteristics That Make a Budget Successful

While there are many ways you can approach managing your money, all budgeting styles share some of the same key elements. Let’s take a look at the main characteristics of a budget that can help you stay on track and boost your overall financial wellbeing.

Emergency Funds

The bedrock of any type of budget is an emergency fund. Without a cash reserve set aside specifically for unplanned expenses or financial emergencies, any bump in the road — say a car repair, trip to the ER, or a loss of income — can force you to run up credit card debt. This can lead to a debt spiral that can take months, potentially years, to recover from.

A general rule of thumb is to keep three to six months’ worth of basic living expenses in a separate savings account earmarked for emergencies. If you’re self-employed or work seasonally, however, you might want to aim for six or 12 months of expenses to feel secure and protected.

Recommended: Where to Keep Emergency Funds

Irregular Expenses

When creating a budget, you likely won’t overlook your recurring monthly expenses, such as rent, utility bills, and food. What’s easy to forget about are your one-off and irregular expenses.

To set up an accurate budget, you’ll want to be sure to jot down any annual or seasonal expenses you anticipate, such as membership dues, holiday gifts, insurance payments, car and registration fees, or kid’s camp expenses. Scanning through your monthly checking account statements for a year should help you suss out your irregular expenses.

To adequately account for these expenses, determine the annual cost, divide by 12, and build that amount into your monthly budget. You may want to transfer that money into a separate account so you can pay those expenses when they’re due.

Recommended: What Are the Average Monthly Expenses for One Person?

Repaying Debt

For a budget to be successful, you want to make sure you’re accounting for debt repayment, including minimum monthly payments and (if you’re carrying high-interest debt) additional payments. The 50/30/20 budgeting rule, for example, recommends putting 50% of your money take-home income toward needs (including minimum debt payments), 30% toward wants, and 20% toward savings and debt repayment beyond the minimum.

Once you’ve paid off your balances, the money you were spending on debt/interest each month can now go towards other goals, such as a vacation, large-ticket purchase, or down payment on a house.

Recommended: See how your money is categorized using the 50/30/20 Budget Calculator.

Monthly Savings

Even if you tend to live paycheck to paycheck, a key element of a budget is putting at least something into savings each month. For example, with the “pay yourself first” approach to budgeting, you set up a recurring transfer from your checking account into your savings account on the same day each month, ideally right after you get paid.

Once you’ve fully funded your emergency saving account, you can funnel this extra money into a high-yield savings account to work towards your short-term savings goals.

And it’s fine to start small. If you save $20 a week, in a year you’ll have accumulated $1,040. If you commit to the 52-week savings challenge, where you save $1 the first week, $2 the second week, and so forth for an entire year, you’ll have stashed away $1,378 by week 52.

💡 Quick Tip: Most savings accounts only earn a fraction of a percentage in interest. Not at SoFi. Our high-yield savings account can help you make meaningful progress towards your financial goals.

Accurate Monthly Income

Without knowing exactly how much money hits your bank account each month, you won’t be able to allocate your funds accordingly and create an accurate budget. Besides your paycheck, you’ll want to factor in any other income streams, such as freelance work, government benefits, alimony, or child support.

If you’re self-employed and your income varies from month to month, determining your monthly income can be a bit trickier. One solution is to use your lowest monthly income over the past year as your baseline income (minus any taxes you will owe). This gives you a margin of safety, since you will likely make more than that.

Money for Vacations and Free Time

While it’s important to save for an emergency fund and pay off your debt, a key component of budgeting is money for fun and leisure. Without it, you likely won’t stick to your budget at all.

Think about what activities bring you the most joy and offer the most value in your life. What hobbies would you like to invest more time, energy, and resources in? Where would you like to vacation next? From there, you can set some “fun” savings goals. Consider how much you will need and when you want to reach your goal to determine how much to set aside for fun each month.

Recommended: 15 Creative Ways to Save Money

Retirement

Retirement might seem far off but failing to start saving early can put you in a tough predicament later on. Thanks to compound interest — the interest earned on your initial savings and the reinvested earnings — it’s much easier to amass a comfortable nest egg when you start early. Even if you’re still paying off your student loans, retirement is an important element of a budget that can make a huge difference in your future.

If you work for a traditional employer, you likely have a company 401(k) you are eligible to participate in. If your employer offers a company match, it’s wise to contribute at least up to match — otherwise you’re leaving free money on the table.

Realistic Goals

While many people don’t write down specific goals when creating a budget, this is actually an important element of budgeting. By setting realistic goals, such as building an emergency fund, saving for a downpayment on a car or a home, getting out of debt, or saving for retirement, you can begin to find ways to save for those goals and track your progress towards achieving them.

Having specific and realistic money goals can give you the motivation to take control of your spending. It also gives all the money that comes into your account a purpose.

Keep in mind, though, that goals and budgets are ever-evolving. When changes arise in your situation, you can tweak your goals accordingly. For instance, maybe you suffered a financial setback. In that case, you might want to put your foot off the pedal on aggressively paying off debt, and focus on replenishing your emergency fund.

Tips on Starting a Budget

If the idea of creating a budget feels overwhelming, here are some stimple steps that help jump start the process.

•   Determine your after-tax income. If you get a regular paycheck, the amount you receive is probably just that, but if you have automatic deductions, such as 401(k) contributions or health and life insurance, you’ll want to add those back in to give yourself an accurate picture of your earnings.

•   Tally your monthly expenses. You can scan your bank and credit card statements for the past three to six months to get an idea of what you typically spend each month and on what. You can then make a list of spending categories, how much (on average) you spend on each per month, and then break down those expenses into two main categories: “needs” and “wants.”

•   Make adjustments. If your average monthly income is less than your average monthly spending (meaning you are going backwards) or is about the same (meaning you aren’t saving anything), you’ll want to look for places to cut back. You likely find it easier to cut back spending in your “wants” categories, such as cooking a few more times a week (and getting take-out less often) or cutting the cord on cable and opting for cheaper streaming services.

•   Choose a budgeting plan. Once you’ve done the basics, you can take it a step further by selecting a budgeting plan. Any budget must cover all of your needs, some of your wants and — this is key — savings for emergencies and the future. The 50/30/20 budget (mentioned above) often works well for beginners. But there are many different types of budget — including the envelope system and zero-based budget. You might choose a budgeting app, such as YNAB or Goodbudget, to automate the process.

Banking With SoFi

Knowing exactly what elements go into a successful budget can help you create a spending plan that’s in step with your goals and help you do a lot more with the money you have.

Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.

FAQ

How do I stick to a budget?

The best way to stick to a budget is to never spend more than you have. Running up high-interest debt can be a vicious cycle that is tough to get out of. You also end up spending a lot more on your purchases than if you have held off and saved up.

If you can’t afford something you want right now, it’s generally a good idea to put it off until you can. If you want to go on vacation or buy new furniture, for example, plan for it and save regularly so it doesn’t throw off your budget.

What is the best budgeting method?

The best budgeting method is the one you’re most likely to stick with. If you prefer to not worry so much about where you’re spending each dollar, you might prefer the 50/30/20 budget. If you like to get granular with your spending, then a zero-sum budget might be a good choice.

What are the benefits of budgeting?

Budgeting is a tool that helps ensure you’re spending your money in a way that aligns with your priorities. If you simply spend here and there without any type of plan, you can end up spending on things you don’t care all that much about, and never saving up enough for the things that you do — such as buying a car, going on vacation, or putting a downpayment on home.

Budgeting also helps ensure you can pay all your bills, have a cushion for the unexpected, and avoid running up expensive debt.

Photo credit: iStock/AndreyPopov

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 https://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 https://www.sofi.com/legal/banking-rate-sheet.
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.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

SOBK0124056

If you’re looking for a career that makes a lot of money, you might want to start your search in the health and medical field. Health-care jobs are the highest-paying jobs in America, and overall employment in this sector is expected to grow much faster than the average for all occupations through 2034, according to the U.S. Bureau of Labor Statistics (BLS).

Outside of health care, professional athletes and airline pilots are among the highest-paid professions. Three other fields that also made the top 25: chief executive officers (CEOs), computer/information systems managers, and financial managers.

Read on for a snapshot of the highest-paying jobs across the U.S., followed by a listing of the best-paying careers by state.

Top 25 Highest Paying Jobs in America

To compile this list of highest-paying jobs, we reviewed data from BLS’s most recent Occupational Employment and Wage Statistics report (May 2024). We also used government data to cite the minimum education requirements, projected growth, and which industries provide employment for each occupation. For more job description details, we tapped the Occupational Information Network (O*NET).

Here’s a look at the highest-paying jobs in America, ranked from highest average salary to lowest.

1. Pediatric Surgeon

Pediatric surgeons diagnose and perform surgery to treat fetal abnormalities and birth defects, diseases, and injuries in fetuses, premature and newborn infants, children, and adolescents.

Average Salary

$450,810

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Analyze patient’s medical history, physical condition, and examination results to verify operation’s necessity and to determine best procedure.

•  Conduct research to develop and test surgical techniques that can improve operating procedures and outcomes.

•  Consult with a patient’s other medical care specialists to determine if surgery is necessary.

•  Describe preoperative and postoperative treatments and procedures to parents or guardians of the patient.

•  Direct and coordinate activities of nurses, assistants, specialists, residents, and other medical staff.

Projected growth (2024-2034)

3% (as fast as average)

Top Industries

•  Hospitals

•  Offices of physicians

2. Cardiologist

Cardiologists diagnose, treat, manage, and prevent diseases or conditions of the cardiovascular system. They may further subspecialize in interventional procedures (e.g., balloon angioplasty and stent placement), echocardiography, or electrophysiology.

Average Salary

$432,490

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Administer emergency cardiac care for life-threatening heart problems.

•  Advise patients about diet, activity, and disease prevention.

•  Calculate valve areas from blood flow velocity measurements.

•  Compare measurements of heart wall thickness and chamber sizes to standards to identify abnormalities using echocardiogram results.

Projected growth (2024-2034)

3% (as fast as average)

Top Industries

•  Offices of physicians

•  Hospitals

•  Outpatient care centers

3. Surgeons

Surgeons operate on patients to treat injuries, such as broken bones; diseases, such as cancerous tumors; and deformities.

Average Salary

$371,280

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

Varies with specialty

Projected growth (2024-2034)

3% (as fast as average)

Top Industries

•  Offices of physicians

•  Hospitals

•  Outpatient care centers

•  Colleges, universities, and professional schools

4. Orthopedic Surgeon

Orthopedic surgeons diagnose and perform surgery to treat and prevent rheumatic and other diseases in the musculoskeletal system.

Average Salary

$365,060

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Analyze patient’s medical history, physical condition, and examination results to verify operation’s necessity and to determine best procedure.

•  Conduct research to develop and test surgical techniques that can improve operating procedures and outcomes related to musculoskeletal injuries and diseases.

•  Direct and coordinate activities of nurses, assistants, specialists, residents, and other medical staff.

Projected growth (2024-2034)

3% (as fast as average)

Top Industries

•  Offices of physicians

•  Hospitals

•  Outpatient care Centers

•  Colleges, universities, and professional schools

5. Radiologists

Radiologists diagnose and treat diseases and injuries using medical imaging techniques, such as x rays, magnetic resonance imaging (MRI), nuclear medicine, and ultrasounds. They may also perform minimally invasive medical procedures and tests.

Average Salary

$359,820

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Perform or interpret the outcomes of diagnostic imaging procedures including magnetic resonance imaging (MRI), computer tomography (CT), positron emission tomography (PET), nuclear cardiology treadmill studies, mammography, or ultrasound.

•  Prepare comprehensive interpretive reports of findings.

•  Communicate examination results or diagnostic information to referring physicians, patients, or families.

•  Obtain patients’ histories from electronic records, patient interviews, dictated reports, or by communicating with referring clinicians.

Projected growth (2024-2034)

3% (as fast as average)

Top Industries

•  Offices of physicians

•  Hospitals

•  Medical and diagnostic laboratories

•  Outpatient care centers

•  Colleges, universities, and professional schools

6. Dermatologists

Dermatologists diagnose and treat diseases relating to the skin, hair, and nails. They may perform both medical and dermatological surgery functions.

Average Salary

$347,810

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Conduct complete skin examinations.

•  Diagnose and treat pigmented lesions, such as common acquired nevi, congenital nevi, dysplastic nevi, Spitz nevi, blue nevi, or melanoma.

•  Perform incisional biopsies to diagnose melanoma.

•  Perform skin surgery to improve appearance, make early diagnoses, or control diseases such as skin cancer.

•  Counsel patients on topics such as the need for annual dermatologic screenings, sun protection, skin cancer awareness, or skin and lymph node self-examinations.

Projected growth (2024-2034)

3% (as fast as average)

Top Industries

•  Offices of physicians

•  Outpatient care centers

•  Offices of other health practitioners

•  Medical and diagnostic laboratories

•  Personal care services

7. Anesthesiologist

Anesthesiologists administer anesthetics and analgesics for pain management prior to, during, or after surgery.

Average Salary

$336,640

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Examine patients, obtain medical history, and use diagnostic tests to determine risk during surgical, obstetrical, and other medical procedures.

•  Administer anesthetic or sedation during medical procedures, using local, intravenous, spinal, or caudal methods.

•  Monitor patients before, during, and after anesthesia and counteract adverse reactions or complications.

•  Record type and amount of anesthesia and patient condition throughout procedures.

•  Provide and maintain life support and airway management and help prepare patients for emergency surgery.

Projected growth (2024-2034)

3% (as fast as average)

Top Industries

•  Offices of physicians

•  Hospitals

•  Outpatient care centers

•  Colleges, universities, and professional schools

•  Offices of other health practitioners

8. Oral and Maxillofacial Surgeons

Oral and maxillofacial surgeons perform surgery and related procedures on the hard and soft tissues of the oral and maxillofacial regions to treat diseases, injuries, or defects. They also diagnose problems of the oral and maxillofacial regions, and may perform surgery to improve function or appearance.

Average Salary

$334,310

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Administer general and local anesthetics.

•  Collaborate with other professionals, such as restorative dentists and orthodontists, to plan treatment.

•  Evaluate the position of the wisdom teeth to determine whether problems exist currently or might occur in the future.

•  Perform surgery to prepare the mouth for dental implants and to aid in the regeneration of deficient bone and gum tissues.

•  Remove impacted, damaged, and non-restorable teeth.

Projected growth (2024-2034)

5% to 8% (faster than average)

Top Industries

•  Offices of dentists

•  General medical and surgical hospitals

•  Outpatient care centers

•  Offices of physicians

9. Athletes and Sports Competitors

Athletes and sports competitors compete in athletic events.

Average Salary

$328,830

Typical Entry-Level Education

No formal educational credential

Primary Duties

•  Participate in athletic events or competitive sports, according to established rules and regulations.

•  Assess performance following athletic competition, identifying strengths and weaknesses and making adjustments to improve future performance.

•  Attend scheduled practice or training sessions.

•  Maintain optimum physical fitness levels by training regularly, following nutrition plans, or consulting with health professionals.

Projected growth (2024-2034)

5% (faster than average)

Top Industries

•  Spectator sports

•  Other amusement and recreation industries

•  Promoters of performing arts, sports, and similar events

•  Colleges, universities, and professional schools

10. Emergency Medicine Physicians

Emergency medicine physicians make immediate medical decisions and act to prevent death or further disability. They provide immediate recognition, evaluation, care, stabilization, and disposition of patients. They may also direct emergency medical staff in an emergency department.

Average Salary

$320,700

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Analyze records, examination information, or test results to diagnose medical conditions.

•  Assess patients’ pain levels or sedation requirements.

•  Collect and record patient information, such as medical history or examination results, in electronic or handwritten medical records.

•  Communicate likely outcomes of medical diseases or traumatic conditions to patients or their representatives.

•  Conduct primary patient assessments that include information from prior medical care.

Projected growth (2024-2034)

3% (as fast as average)

Top Industries

•  Offices of physicians

•  General medical and surgical hospitals

•  Outpatient care centers

•  Colleges, universities, and professional schools

11. Ophthalmologists

Ophthalmologists diagnose and perform surgery to treat and help prevent disorders and diseases of the eye. They may also provide vision services for treatment including glasses and contacts.

Average Salary

$301,500

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Perform comprehensive examinations of the visual system to determine the nature or extent of ocular disorders.

•  Diagnose or treat injuries, disorders, or diseases of the eye and eye structures including the cornea, sclera, conjunctiva, or eyelids.

•  Provide or direct the provision of postoperative care.

•  Develop or implement plans and procedures for ophthalmologic services.

•  Prescribe or administer topical or systemic medications to treat ophthalmic conditions and to manage pain.

Projected growth (2024-2034)

2% to 4% (as fast as average)

Top Industries

•  Offices of physicians

•  Offices of other health practitioners

•  Outpatient care centers

•  Colleges, universities, and professional schools

12. Neurologists

Neurologists diagnose, manage, and treat disorders and diseases of the brain, spinal cord, and peripheral nerves, with a primarily nonsurgical focus.

Average Salary

$286,310

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Interview patients to obtain information, such as complaints, symptoms, medical histories, and family histories.

•  Examine patients to obtain information about functional status of areas, such as vision, physical strength, coordination, reflexes, sensations, language skills, cognitive abilities, and mental status.

•  Perform or interpret the outcomes of procedures or diagnostic tests, such as lumbar punctures, electroencephalography, electromyography, and nerve conduction velocity tests.

•  Order or interpret results of laboratory analyses of patients’ blood or cerebrospinal fluid.

•  Diagnose neurological conditions based on interpretation of examination findings, histories, or test results.

Projected growth (2024-2034)

3% (as fast as average)

Top Industries

•  Offices of physicians

•  Hospitals

•  Outpatient care centers

•  Colleges, universities, and professional schools

13. Obstetricians and Gynecologists

Obstetricians and gynecologists provide medical care related to pregnancy or childbirth. They diagnose, treat, and help prevent diseases of women, particularly those affecting the reproductive system. They may also provide general care to women, and perform both medical and gynecological surgery functions.

Average Salary

$281,130

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Treat diseases of female organs.

•  Care for and treat women during prenatal, natal, and postnatal periods.

•  Analyze records, reports, test results, or examination information to diagnose medical condition of patients.

•  Perform cesarean sections or other surgical procedures as needed to preserve patients’ health and deliver babies safely.

•  Collect, record, and maintain patient information, such as medical histories, reports, or examination results.

Projected growth (2024-2034)

3% (as fast as average)

Top Industries

•  Offices of physicians

•  Hospitals

•  Outpatient care centers

•  Colleges, universities, and professional schools

14. Psychiatrists

Psychiatrists diagnose, treat, and help prevent mental disorders.

Average Salary

$269,120

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Prescribe, direct, or administer psychotherapeutic treatments or medications to treat mental, emotional, or behavioral disorders.

•  Gather and maintain patient information and records, including social or medical history obtained from patients, relatives, or other professionals.

•  Design individualized care plans, using a variety of treatments.

•  Collaborate with physicians, psychologists, social workers, psychiatric nurses, or other professionals to discuss treatment plans and progress.

•  Analyze and evaluate patient data or test findings to diagnose nature or extent of mental disorder.

Projected growth (2024-2034)

7% (faster than average)

Top Industries

•  Offices of physicians

•  Hospitals

•  Outpatient care centers

•  State government

15. Pathologists

Pathologists diagnose diseases and conduct lab tests using organs, body tissues, and fluids. Includes medical examiners.

Average Salary

$266,020

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Examine microscopic samples to identify diseases or other abnormalities.

•  Diagnose diseases or study medical conditions, using techniques such as gross pathology, histology, cytology, cytopathology, clinical chemistry, immunology, flow cytometry, or molecular biology.

•  Write pathology reports summarizing analyses, results, and conclusions.

•  Communicate pathologic findings to surgeons or other physicians.

•  Identify the etiology, pathogenesis, morphological change, and clinical significance of diseases.

Projected growth (2024-2034)

5% to 8% (faster than average)

Top Industries

•  Offices of physicians

•  Medical and diagnostic laboratories

•  Colleges, universities, and professional schools

•  Local government, excluding schools and hospitals

•  Scientific research and development services

16. General Internal Medicine Physicians

General internal medicine physicians diagnose and provide nonsurgical treatment for a wide range of diseases and injuries of internal organ systems. They provide care mainly for adults and adolescents, and are based primarily in an outpatient care setting.

Average Salary

$262,710

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Treat internal disorders, such as hypertension, heart disease, diabetes, or problems of the lung, brain, kidney, or gastrointestinal tract.

•  Analyze records, reports, test results, or examination information to diagnose medical condition of patients.

•  Prescribe or administer medication, therapy, and other specialized medical care to treat or prevent illness, disease, or injury.

•  Manage and treat common health problems, such as infections, influenza or pneumonia, as well as serious, chronic, and complex illnesses, in adolescents, adults, and the elderly.

•  Provide and manage long-term, comprehensive medical care, including diagnosis and nonsurgical treatment of diseases, for adult patients in an office or hospital.

Projected growth (2024-2034)

2% to 4% (average)

Top Industries

•  Offices of physicians

•  Hospitals

•  Colleges, universities, and professional schools

•  Outpatient care centers

17. Family Medicine Physicians

Family medicine physicians diagnose, treat, and provide preventive care to individuals and families across the lifespan. They may refer patients to specialists when needed for further diagnosis or treatment.

Average Salary

$256,830

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Prescribe or administer treatment, therapy, medication, vaccination, and other specialized medical care to treat or prevent illness, disease, or injury.

•  Order, perform, and interpret tests and analyze records, reports, and examination information to diagnose patients’ condition.

•  Collect, record, and maintain patient information, such as medical history, reports, or examination results.

•  Monitor patients’ conditions and progress and reevaluate treatments as necessary.

•  Explain procedures and discuss test results or prescribed treatments with patients.

Projected growth (2024-2034)

2% to 4% (average)

Top Industries

•  Offices of physicians

•  Hospitals

•  Outpatient care centers

•  Colleges, universities, and professional schools

18. Orthodontists

Orthodontists examine, diagnose, and treat dental malocclusions and oral cavity anomalies. They design and fabricate appliances to realign teeth and jaws to produce and maintain normal function and to improve appearance.

Average Salary

$243,620

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Examine patients to assess abnormalities of jaw development, tooth position, and other dental-facial structures.

•  Study diagnostic records, such as medical or dental histories, plaster models of the teeth, photos of a patient’s face and teeth, and X-rays, to develop patient treatment plans.

•  Fit dental appliances in patients’ mouths to alter the position and relationship of teeth and jaws or to realign teeth.

•  Adjust dental appliances to produce and maintain normal function.

Projected growth (2024-2034)

4% (as fast as average)

Top Industries

•  Offices of dentists

•  Hospitals

19. Airline Pilots, Copilots, and Flight Engineers

Airline pilots, copilots, and flight engineers pilot and navigate the flight of fixed-wing aircraft, usually on scheduled air carrier routes, for the transport of passengers and cargo. This job requires a Federal Air Transport certificate and rating for the specific aircraft type used.

Average Salary

$226,600

Typical Entry-Level Education

Bachelor’s degree

Primary Duties

•  Start engines, operate controls, and pilot airplanes to transport passengers, mail, or freight, adhering to flight plans, regulations, and procedures.

•  Work as part of a flight team with other crew members, especially during takeoffs and landings.

•  Respond to and report in-flight emergencies and malfunctions.

•  Inspect aircraft for defects and malfunctions, according to pre-flight checklists.

Projected growth (2024-2034)

4% (as fast as average)

Top Industries

•  Scheduled air transportation

•  Couriers and express delivery services

•  Federal executive branch

•  Support activities for air transportation

•  Management of companies and enterprises

20. Pediatricians

Pediatricians diagnose, treat, and help prevent diseases and injuries in children. They also refer patients to specialists for further diagnosis or treatment, as needed.

Average Salary

$222,340

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Prescribe or administer treatment, therapy, medication, vaccination, and other specialized medical care to treat or prevent illness, disease, or injury in infants and children.

•  Examine children regularly to assess their growth and development.

•  Treat children who have minor illnesses, acute and chronic health problems, and growth and development concerns.

•  Examine patients or order, perform, and interpret diagnostic tests to obtain information on medical conditions and determine diagnosis.

Projected growth (2024-2034)

3% to 4% (as fast as average)

Top Industries

•  Offices of physicians

•  Hospitals

•  Outpatient care centers

•  Colleges, universities, and professional Schools

21. Nurse Anesthetists

Nurse anesthetists administer anesthesia, monitor patient’s vital signs, and oversee patient recovery from anesthesia. They assist anesthesiologists, surgeons, other physicians, or dentists. They must be registered nurses who have specialized graduate education.

Average Salary

$214,200

Typical Entry-Level Education

Master’s degree

Primary Duties

•  Manage patients’ airway or pulmonary status, using techniques such as endotracheal intubation, mechanical ventilation, pharmacological support, respiratory therapy, and extubation.

•  Respond to emergency situations by providing airway management, administering emergency fluids or drugs, or using basic or advanced cardiac life support techniques.

•  Monitor patients’ responses, including skin color, pupil dilation, pulse, heart rate, blood pressure, respiration, ventilation, or urine output, using invasive and noninvasive techniques.

•  Select, order, or administer anesthetics, adjuvant drugs, accessory drugs, fluids or blood products as necessary.

•  Select, prepare, or use equipment, monitors, supplies, or drugs for the administration of anesthetics.

Projected growth (2024-2034)

35% (much faster than average)

Top Industries

•  Offices of physicians

•  Hospitals

•  Outpatient care centers

•  Offices of other health practitioners

•  Colleges, universities, and professional schools

22. Chief Executives

Chief executives determine and formulate policies and provide overall direction of companies or private and public sector organizations within guidelines set up by a board of directors or similar governing body. They plan, direct, or coordinate operational activities at the highest level of management with the help of subordinate executives and staff managers.

Average Salary

$206,420

Typical Entry-Level Education

Bachelor’s degree

Primary Duties

•  Direct or coordinate an organization’s financial or budget activities to fund operations, maximize investments, or increase efficiency.

•  Confer with board members, organization officials, or staff members to discuss issues, coordinate activities, or resolve problems.

•  Direct, plan, or implement policies, objectives, or activities of organizations or businesses to ensure continuing operations, to maximize returns on investments, or to increase productivity.

•  Prepare or present reports concerning activities, expenses, budgets, government statutes or rulings, or other items affecting businesses or program services.

Projected growth (2024-2034)

4% (as fast as average)

Top Industries

•  Local and state government

•  Management of companies and enterprises

•  Elementary and secondary schools

•  Computer systems design and related services

23. Dentists

Dentists examine, diagnose, and treat diseases, injuries, and malformations of teeth and gums. They treat diseases of nerve, pulp, and other dental tissues affecting oral hygiene and retention of teeth. They may also fit dental appliances or provide preventive care.

Average Salary

$179,210

Typical Entry-Level Education

Doctoral or professional degree

Primary Duties

•  Examine teeth, gums, and related tissues, using dental instruments, x-rays, or other diagnostic equipment, to evaluate dental health, diagnose diseases or abnormalities, and plan appropriate treatments.

•  Administer anesthetics to limit the amount of pain experienced by patients during procedures.

•  Use dental air turbines, hand instruments, dental appliances, or surgical implements.

•  Formulate plan of treatment for patient’s teeth and mouth tissue.

Projected growth (2024-2034)

4% (as fast as average)

Top Industries

•  Offices of dentists

•  Hospitals

•  Outpatient care centers

•  General medical and surgical hospitals

24. Computer and Information Systems Managers

Computer and information systems managers plan, direct, or coordinate activities in such fields as electronic data processing, information systems, systems analysis, and computer programming

Average Salary

$171,200

Typical Entry-Level Education

Bachelor’s degree

Primary Duties

•  Direct daily operations of department, analyzing workflow, establishing priorities, developing standards and setting deadlines.

•  Meet with department heads, managers, supervisors, vendors, and others, to solicit cooperation and resolve problems.

•  Review project plans to plan and coordinate project activity.

•  Assign and review the work of systems analysts, programmers, and other computer-related workers.

•  Provide users with technical support for computer problems.

Projected growth (2024-2034)

15% (much faster than average)

Top Industries

•  Computer systems design and related services

•  Management of companies and enterprises

•  Software publishers

•  Management, scientific, and technical consulting services

•  Computing infrastructure providers, data processing, web hosting, and related services

25. Financial Managers

Financial managers plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

Average Salary

$161,700

Typical Entry-Level Education

Bachelor’s degree

Primary Duties

•  Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.

•  Oversee the flow of cash or financial instruments.

•  Plan, direct, or coordinate the activities of workers in branches, offices, or departments of establishments, such as branch banks, brokerage firms, risk and insurance departments, or credit departments.

•  Recruit staff members.

•  Evaluate data pertaining to costs to plan budgets.

Projected growth (2024-2034)

15% (much faster than average)

Top Industries

•  Credit intermediation and related activities

•  Management of companies and enterprises

•  Securities, commodity contracts, and other financial investments and related activities

•  Accounting, tax preparation, bookkeeping, and payroll services

•  Insurance carriers

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What Are The Highest Paying Jobs Without a Degree?

Jobs that make a lot of money don’t always require a college education. These are five top high-paying jobs that don’t require a degree.

•   Commercial Pilot: The average annual salary of a commercial pilot is $122,670, and the projected job growth is 4% (as fast as average), according to the BLS. Commercial pilots typically need flight training and they must meet federal regulations regarding certifications and ratings.

•   Elevator and Escalator Installer and Repairer: The annual average salary for this position is $106,580, and the job is expected to grow faster than average between 2024 and 2034, BLS data shows. Most elevator and escalator installers and repairers learn the job through an apprenticeship, and most states require them to be licensed.

•   Transportation, Storage and Distribution Manager: The average annual salary for this job is 102,010, and the job is growing faster than average (6%) from 2024 to 2034, according to BLS. Those interested in this field typically need work-related experience, such as warehousing.

•   Aircraft and Avionics Equipment Mechanic and Technician: The average annual pay for these trade jobs ranges from $78,680 for aircraft mechanics and service technicians to $81,390 for avionics technicians. The field is expected to grow 5% (faster than average) between 2024 and 2034, BLS data finds. A certificate from a program approved by the Federal Aviation Administration may be required, though it’s possible to train on the job or in the military.

•   Police and Detective:

The average annual salary for these jobs is $77,270, and the projected job growth is about 3%, or as fast as average, according to the BLS. Most police officers and detectives must graduate from their agency’s training academy.

Recommended: Common Signs That You Need to Make More Money

How to Choose a Job Based on Your Personality

Finding a job that not only pays well so you’ll have plenty of money in your checking and savings account, and is an enjoyable position that will help you grow and thrive, is the ultimate goal for job seekers. One way to do it is to assess your personality to see what jobs might be the best fit for you.

To choose a job based on your personality, first consider your interests, values, and strengths. What are you good at? What kinds of things do you like to do? What types of tasks give you a sense of purpose? Think about things you’ve done in the past that made you feel fulfilled, confident, and energized.

Next, take an online career assessment test. These tests can help you identify your core strengths and find career paths that align with those traits. For example, are you creative or more of the analytical type? The answer to that question could help direct you into a field like public relations or marketing if you’re creative, or computers of finance if you’re analytical.

Are you social and enjoy working as part of a team? If so, you might look into the best jobs for extroverts so that you can make the most of your traits and skills.

On the other hand, if you prefer a more self-directed role where you can work independently and focus closely on the task at hand, you can explore the best jobs for introverts.

Finally, research different career options that match your personality traits and choose the ones that are most appealing and strike you as rewarding jobs. Is there anyone in your network who works in one of those fields? If so, get their contact information and reach out to see if you can set up an informational interview with them. Ask lots of questions about what the job is like day-to-day. Can you see it being a good long-term fit for you? If so, go ahead and start your job search!

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What are the Highest Paying Jobs in Each State?

The best-paying careers and occupations in the U.S. vary by location. Here’s a look at the best-paid jobs by state based on the BLS’s State Occupational Employment and Wage Estimates for 2024. This listing goes in alphabetical order and includes all 50 states.

Alabama

Career: Cardiologist

Average Salary: $443,520

Alaska

Career: Surgeon

Average Salary: $407,300

Arizona

Career: Pediatric Surgeon

Average Salary: $533,740

Arkansas

Career: Orthopedic Surgeon

Average Salary: $346,680

California

Career: Anesthesiologists

Average Salary: $452,930

Learn more: 20 Highest-Paying Jobs in California

Colorado

Career: Neurologists

Average Salary: $409,690

Connecticut

Career: Cardiologists

Average Salary:$381,730

Delaware

Career: Obstetricians and Gynecologists

Average Salary: $309,490

District of Columbia

Career: Radiologists

Average Salary: $353,800

Florida

Career: Cardiologist

Average Salary: 494,690

Georgia

Career: Surgeons

Average Salary: $446,490

Hawaii

Career: Opthamologists

Average Salary:$343,320

Idaho

Career: Dermatologists

Average Salary: $525,040

Illinois

Career: Opthamologists

Average Salary: $375,370

Indiana

Career: Surgeons

Average Salary: $429,250

Iowa

Career: Opthamologists

Average Salary: $430,910

Kansas

Career: Surgeons

Average Salary: $365,230

Kentucky

Career: Pathologists

Average Salary: $376,940

Louisiana

Career: Cardiologists

Average Salary: $422,290

Maine

Career: Opthamologists

Average Salary: $355,640

Maryland

Career: Emergency Medicine Physicians

Average Salary: $358,680

Massachusetts

Career: Radiologists

Average Salary: $369,490

Michigan

Career: Orthopedic Surgeons

Average Salary: $426,300

Minnesota

Career: Dermatologists

Average Salary: $581,560

Mississippi

Career: Cardiologists

Average Salary: $418,290

Missouri

Career: Radiologists

Average Salary: $363,870

Montana

Career: Surgeons

Average Salary: $415,030

Nebraska

Career: Anesthesiologists

Average Salary: $455,850

Nevada

Career: Emergency Medicine Physicians

Average Salary: $361,510

New Hampshire

Career: Radiologists

Average Salary: $388,410

New Jersey

Career: Chief Executives

Average Salary: $449,370

New Mexico

Career: Neurologists

Average Salary: $383,340

New York

Career: Cardiologists

Average Salary: $402,840

North Carolina

Career: Cardiologists

Average Salary: $450,610

North Dakota

Career: Physicians

Average Salary: $351,270

Ohio

Career: Cardiologists

Average Salary: $500,440

Oklahoma

Career: Pathologists

Average Salary: $296,030

Oregon

Career: Dermatologists

Average Salary: $481,330

Pennsylvania

Career: Cardiologists

Average Salary: $408,950

Rhode Island

Career: Surgeons

Average Salary: $379,330

South Carolina

Career: Orthopedic Surgeons

Average Salary: $398,350

South Dakota

Career: Radiologists

Average Salary: $475,780

Tennessee

Career: Cardiologists

Average Salary: $472,670

Texas

Career: Radiologists

Average Salary: $327,850

Utah

Career: Surgeons

Average Salary: $515,130

Vermont

Career: Orthopedic Surgeon

Average Salary: $449,240

Virginia

Career: Cardiologists

Average Salary: $399,570

Washington State

Career: Orthopedic Surgeons

Average Salary: $396,590

West Virginia

Career: Surgeons

Average Salary: $344,770

Wisconsin

Career: Orthopedic Surgeons

Average Salary: $534,270

Wyoming

Career: Cardiologists

Average Salary: $498,630

The Takeaway

Whether you look at the highest-paying fields nationally or by state, health-care professions dominate the list. However, a few other careers also show up in the highest-paid job rankings, including professional athletes, chief executives, airline pilots, and computer/information systems managers. Plus, there are many jobs that don’t require a degree that also pay well — proving that it’s possible to find a job that fits your skills, core personality traits, and interests and also lets you earn a good income.

Whatever field you choose to go into, choosing the right bank account for your hard-earned cash can help you make the most of your money.

Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.

FAQ

What job makes $500,000 a year?

Jobs that make $500,000 a year or more tend to be specialized medical professions, such as surgeons, dermatologists, and anesthesiologists. For example, in some states in the U.S., pediatric surgeons and dermatologists earn more than $500,000 a year.

What is the highest paying job in the world?

There is no one single highest-paying job in the world. However, the highest paying jobs across the globe include neurosurgeons, who can earn an average of $500,000 to $800,000 a year, chief executive officers, who can earn an average of $350,000 to $1.5 million, and Artificial Intelligence (AI) and Machine Learning (ML) Engineers, who can earn an average of $180,000 to $350,000.

What are the best paying careers in the medical field?

The best-paying careers in the medical field are typically surgical specialties, such as neurosurgeons and orthopedic surgeons who can earn more than $600,00 a year, and other medical specialists like cardiologists, anesthesiologists, and radiologists, who can earn around $500,000 a year or more.

What are some high-paying jobs that are in high demand?

High-paying jobs that are in high demand include those in the healthcare field like doctors and nurses; technology jobs, such as data scientists and information security analysts; and skilled trades like elevator and escalator installers and repairs, and transportation, storage, and distribution managers. Workers in all these jobs typically earn more than $100,000 a year.

Do you need an advanced degree to get a high-paying job?

No, you don’t need an advanced degree — or in some cases, even a Bachelor’s degree — to get a high-paying job. Commercial pilots, elevator and escalator installers and repairers, and transportation, storage, and distribution managers all make more than $100,000 without a college degree. Other high-paying jobs, such as software developers, computer hardware engineers, and human resource managers, typically don’t require an advanced degree.

Photo credit: iStock/Eva-Katalin

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 https://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 https://www.sofi.com/legal/banking-rate-sheet.
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.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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