New! Eligible SoFi members can invest in upcoming IPOs before they’re traded on the public market—only in the SoFi app.* Learn more

We’ve got your
back with no-fee
Overdraft Coverage.

You shouldn’t be charged if you accidentally spend more than you have. That’s why SoFi Money® covers up to $50 once you’ve set up qualifying direct deposits.*

Get SoFi Money

Already have SoFi Money?
Set up direct deposit →

How it works:

SoFi Money members who receive $1,000 or more in total monthly
direct deposits are eligible for no-fee Overdraft Coverage.

1

Sign up for SoFi Money and set up qualifying direct deposits. We’ll automatically turn on Overdraft Coverage as soon as you do.

2

Spend more than you have in your account? We’ll cover you up to $50 with no fees.

3

Your next deposit will automatically be applied to your negative balance.

FAQs

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