SoFi Money App Sofi debit card

Earn 2.25% APY 2

Say hi to SoFi MoneyTM, a hybrid account that earns you more and costs you nothing.

Get SoFi Money

Get Your Money Right.

SoFi Money has the convenience of checking and savings morphed into one hybrid account.

Pay zero account fees.

No annual, transactional, overdraft, or other account fees.

Earn more interest.

Get 2.25% APY on your account.2

Free ATMs everywhere.

Use any ATM and we’ll reimburse the fees.3

No. Freakin’. Fees.

Most banks charge an average of $329 per year in account fees.1 We don’t charge any. Not the ones you expect—and definitely not the ones you don’t.

Check out the list
of fees we don’t have. →
Zero Fees

Interested in interest?
SoFi Money earns even more of it.

You work hard for your money. Now your money can work hard for you. SoFi Money earns 2.25% APY.2

2.25% APY


SoFi Money

Average Checking

Don’t pay money to get your money.

Sometimes you want cold hard cash. You shouldn’t be charged for that—no matter where you are. Use any ATM worldwide that accepts Visa® and we’ll reimburse you for the fees.3

ATM card

Catching on to how great Money is?

We’re just getting started.

Quick sign up

Sign up for SoFi Money and open an account in just 60 seconds. It’s that easy.


SoFi Money is FDIC insured up to $1.5 million with additional protection against fraud.5


Your phone is your branch—complete with mobile transfers, photo check deposit, and customer service.

P2P transfers

Send money to anyone you need to right from our app. And when you send to SoFi Money holders, they’ll get it instantly.

Debit Card Front Debit Card Back

Get the most out
of SoFi Money.

SoFi Money holders pay no fees, earn 1.25% APY, and get the benefits of SoFi membership.

Get even more out of SoFi Money when you set up a direct deposit of $3k/month or spend $500/month on your debit card. This gets you:

  • Unlimited reimbursement on ATM fees

  • 2.25% APY on your account

Earn more.
Pay nothing.
Get it now.

Get SoFi Money

Common questions

Q: What is SoFi Money?

SoFi Money is a mobile-first financial product which functions like a checking account but pays a higher interest rate on deposits like a savings account. It’s powered by the SoFi mobile app and the SoFi Money Debit Card™. In addition to a higher interest rate1, SoFi Money charges no account fees and offers unlimited reimbursement for ATM fees each month2, free P2P payments, free bill pay and much more.

Q: Are there any fees for having a SoFi Money account?

Nope! We don’t believe in charging you fees to use your own money, so that means no account fees. There are no fees to open a SoFi Money account, no overdraft fees, and no regular maintenance fees. Check out a full list of fees (spoiler alert: there are none) and service charges here.

Q: Is SoFi Money secure?

We take security of your sensitive information seriously, including your cardholder data. We maintain the most stringent industry-standard administrative, technical and physical safeguards to protect your information.

Your swept deposits with SoFi Money are insured by the FDIC, which means deposits in your account are protected up to $1.5MM3. For details, please see

SoFi Money is offered through SoFi Securities, LLC, member FINRA/SIPC

Q: Do you have to be a SoFi member?

No, you don’t need to have an existing SoFi product to apply for SoFi Money. US citizens and most permanent residents (in the 50 US states, District of Columbia) over 18 years of age are eligible.

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