Rule 606 Order Routing | Statement of Financial Condition

The SoFi Checking and Savings™ World Debit Mastercard® is issued by The Bancorp Bank pursuant to a license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Mastercard and World Debit Mastercard are registered trademarks, and the circles design is a trademark, of Mastercard International Incorporated.

¹ NO PURCHASE NECESSARY TO ENTER OR WIN. Void where prohibited. Open to legal residents of the 50 U.S. or DC, and legal age of majority before time/date of entry. Ends 12/31/21. For Official Rules & complete details, Click here.

² Minimum purchase transaction of at least $1.00.

³ The following describes the terms that apply to participation in the SoFi Checking and Savings direct deposit promotional program (“Program”) offered by SoFi Securities LLC (“SoFi”). Eligible Participants: All new and existing SoFi Members without a prior history of Direct Deposit transactions (“Direct Deposit”) to their SoFi Checking and Savings account are eligible for the Program. Enrollment period: Enrollment in the Program will be available from 3/1/21 12:01AM ET to 04/30/21 11:59PM ET. New SoFi Checking and Savings members who open their account within the enrollment period are automatically enrolled in the Program with the account open date acting as the effective enrollment date. Existing members without a prior history of Direct Deposit transactions (“Direct Deposit”) are automatically enrolled in the Program at the start of the enrollment period. Bonus Terms: In order to qualify for the bonus, an enrolled member must have $1,000 or more in total qualifying Direct Deposit transactions within a 30-day period. Members have 60 days after enrollment in order to qualify for the bonus. Qualifying Direct Deposits must be made from the enrolled member’s employer, payroll, or benefits provider via ACH deposit. Deposits that are not from an employer (such as check deposits; P2P transfers such as from PayPal or Venmo, etc.; merchant transactions such as from PayPal, Stripe, Square, etc.; and bank ACH transfers not from employers) do not qualify for this promotion. SoFi will credit members who meet the qualification criteria stated above with a one-time cash bonus of $100 deposited into their SoFi Checking and Savings account within two weeks of qualification. Bonuses are considered miscellaneous income, and may be reportable to the IRS on Form 1099-MISC (or Form 1042-S, if applicable). SoFi reserves the right to exclude any Members from participating in the Program for any reason, including suspected fraud, misuse, or if suspicious activities are observed. SoFi also reserves the right to stop or make changes to the Program at any time.

⁴ As of 6/9/2020, accounts with recurring monthly deposits of $500 or more each month, will earn interest at 0.00%. All other accounts will earn interest at 0.01%. Interest rates are variable and subject to change at our discretion at any time. Accounts opened prior to June 8, 2020, will continue to earn interest at 0.00% irrespective of deposit activity. SoFi’s Securities reserves the right to change this policy at our discretion at any time.

Accounts which are eligible to earn interest at 0.00% (including accounts opened prior to June 8, 2020) will also be eligible to participate in the SoFi Checking and Savings Cashback Rewards Program.

⁵ Overdraft Coverage only applies to SoFi Checking and Savings accounts and is currently unavailable for Samsung Money by SoFi accounts. Members with a prior history of non-repayment of negative balances for SoFi Checking and Savings are also ineligible for Overdraft Coverage.

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