SoFi Money® Limits
We’ve set the following limits on your SoFi Money cash management account to protect your account against fraudulent activity. Depending on our assessment of your account, these limits may be different or change with time.
Withdrawal Limits
| Peer to Peer | Bill Pay | |
|---|---|---|
| Cumulative Amount Per Day | At least $1,000 | |
| Cumulative Amount Per Month | $3,000 | |
| Amount Per Transaction | $10,000 |
| Debit Card | |
|---|---|
| ATM and Point of Sale Cash Withdrawal | $1,000 |
| Over the Counter Cash Withdrawal | $150 |
| Point of Sale (POS) Spend Limit | $6,000 |
| POS Transactions Per Day | 12 |
Funds Availability
If we receive an ACH deposit before 6:00PM ET on a business day or 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 an ACH or mobile check deposit after these cut-off times, or on a non-business day, we will treat the deposit as having been made on the next business day. For purposes of this Funds Availability policy, a “business day” is any day of the week except Saturday, Sunday, and federal holidays.
Our current funds availability rules are as follows:
Mobile Check Deposit
For most deposits, a portion of the deposit will be available the business day following the business day of the deposit.
With respect to any portion of the deposit which will not be available on the next business day, you will be notified of the funds availability schedule at the time of deposit. Funds will be available as follows:
| Cumulative amount deposited on business day | Availability |
|---|---|
| Up to $5000 | No later than 3rd business day |
| Over $5000 | No later than 5th business day |
ACH Transfers
In most cases, P2P or ACH transfers sent to you from another financial institution, will generally be available on the business day after the day the P2P or ACH transfer has been received. In certain cases, funds may be made available earlier.
Funds transferred by you to your SoFi Money® account from an external linked account will generally be available within 3 business days after the transfer has been initiated.
SoFi Securities LLC is an affiliate of SoFi Bank, N.A.
Statement of Financial Condition
SoFi Money is a brokerage account, not a bank account, and is offered by a broker dealer. The SoFi Checking and Savings account is a brokerage account. Neither SoFi nor its affiliates is a bank.
This is not an offer, or solicitation of any offer to buy or sell any security, investment or other product.
SoFi Checking and Savings is offered through SoFi Securities LLC, member FINRA/SIPC.
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