Introducing a hybrid account that earns you more and costs you nothing.
SoFi Money has the convenience of checking and savings morphed into one hybrid account.
You work hard for your money. Now your money can work hard for you. SoFi Money earns up to 2.25% APY.2
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
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.
Send money to anyone you need to right from our app. And when you send to SoFi Money holders, they’ll get it instantly.
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
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. Its 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 pays and much more.
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.
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.
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, or US military states) over 18 years of age are eligible.
If you’re a SoFi member, you’re already off the list. Log in and check it out! If you’re not a member, add yourself to the waitlist above and we’ll keep you updated via email. We plan to make this available to those on the waitlist in the coming months.