Statement of Financial Condition
SoFi Checking and Savings® is a checking and savings account, which is a brokerage product, offered by SoFi Securities LLC. Member FINRA/SIPC. SoFi Securities is an affiliate of SoFi Bank, N.A.
This is not an offer, or solicitation of any offer to buy or sell any security, investment or other product.
The SoFi Checking and Savings® World Debit Mastercard® is issued by The Bancorp Bank pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
1 SoFi has partnered with Allpoint to provide consumers with ATM access at any of the 55,000+ ATMs within the Allpoint network. Consumers will not be charged a fee when using an in-network ATM, however, third party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.
2 8x based on national average of 0.04% from the weekly rate cap as of 9/14/21.
3As 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.
4 Existing eligible SoFi Members with a SoFi Home Loan, Personal Loan, Student Loan or who maintain a minimum balance of $10,000 in their SoFi Invest account and take out a new loan of a different product type will receive a 0.125% Interest Rate Discount on that new Personal or Student loan (home loans are not eligible for interest rate discount).
SoFi customers (“members”) may be eligible for a Member Rate Discount and/or a $500 Loan Processing Fee Discount ($1,495 Non Member) on certain loan types if they meet the eligibility criteria and any other applicable terms and conditions. SoFi reserves the right to discontinue or modify the Member Rate Discount and/or Loan Processing Fee Discounts at any time and without notice. Such changes or modifications will only apply to applications begun after the effective date of the change. If you’ve got questions about how we do our thing, we’ve got answers in our FAQs. Existing SoFi Checking and Savings® Account Holders: are eligible to receive the Member Rate Discount on a new SoFi Personal Loan, Student Loan Refinance, or SoFi Private Student Loan if they: 1) have no current SoFi loan accounts; 2) have a SoFi Checking and Savings account balance of greater than $0 at the time of the application for the new loan. Existing SoFi Invest® Account Holders: are eligible to receive the Member Rate Discount on a new SoFi Personal Loan, Student Loan Refinance, or SoFi Private Student Loan if they: 1) have no current SoFi loan accounts; 2) if they have a minimum balance of $10,000 in their SoFi Invest accounts at the time they begin their loan application. SoFi home loans are not eligible for rate discounts. Existing SoFi Invest® Account Holders: are eligible to receive the Member Fee Discount of $500 on a SoFi Home Loan ($1,495 Non Member) if they: 1) have no current SoFi Mortgage accounts; 2) have and maintain a minimum balance of $50,000 in their SoFi Invest accounts at the time they begin their SoFi Home Loan application. SoFi Members with Existing Consumer Loans: to be eligible for either of these discounts, 1) member and take out a new loan of a different product type, 2) must be in good standing with their current and prior SoFi loans, and 3) must meet other eligibility requirements. SoFi reserves the right to change or terminate either of these discounts at any time with or without notice. For complete terms and eligibility, please visit https://www.sofi.com/legal/#MemberRateDiscount.
Advisory services are offered through SoFi Wealth, LLC a registered Investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov/.
No companies, brands or products mentioned or highlighted are affiliated with SoFi, nor do they endorse or sponsor this content. Third party trademarks referenced herein are property of their respective owners.
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