We’ve set the following limits on your SoFi Money account to protect your account against fraudulent activity. Depending on our assessment of your account, these limits may be different or change with time.
|Peer to Peer||Bill Pay|
|Cumulative Amount Per Day||$250|
|Cumulative Amount Per Month||$3,000|
|Amount Per Transaction||$10,000|
|ATM and Point of Sale Cash Withdrawal||$610|
|Over the Counter Cash Withdrawal||$150|
|Point of Sale (POS) Spend Limit||$3,000|
|POS Transactions Per Day||12|
If we receive an ACH deposit before 6:00PM ET and a check deposit before 5:00 PM ET on a business day, we will consider that business day to be the day of your deposit. However, if we receive a deposit after these cut-off times, or on a non-business day, we will consider that the deposit was made the next business day. A business day is any day of the week except Saturday, Sunday, and federal holidays.
Our current funds availability rules are as follows:
Different rules may apply for checks deposited from new customers (accounts open fewer than 30 calendar days) versus established accounts as shown in the table below. The dollar thresholds represent the cumulative amount from all checks deposited in that business day.
|General Availability||New Customers|
|On-us check||Up to $5,000: 1 business dayOthers: 2 business days||Up to $5,000: 1 business dayOthers: 2 business days|
|Treasury check||1 business day||Up to $5,000: 1 business dayOthers: 4 business days|
|Regular check, Money order, Local/State Govt Check, Cashier’s Check||Up to $200: 1 business dayNext $4,800: 2 business daysOthers: 4 business days||Up to $5,000: 2 business dayOthers: 4 business days|
When you initiate an ACH deposit from or to your SoFi Money account, the transaction will be processed under the National Automated Clearing House Association (“NACHA”) Operating Rules.
Deposits that you initiate through another bank will generally be available on the next business day after the day the ACH Transfer is deemed to be received by us but may be available earlier.
Deposits that you initiate through your SoFi Money account from a linked external account will generally be available within 3 business days.
Neither SoFi nor its affiliates is a bank.