SoFi Blog

We have a number of security measures in place to prevent fraud, so it depends on the type of transaction, size of the transaction, and how long your account has been open. You can see full details on these limits here to learn more about money limits.
We’ve put these in place as security measures, in part based on typical usage of our members for adding or withdrawing money, peer transfers, bill payments, size of purchases, and number of purchases per day. Most notably, the maximum daily ATM withdrawal is $1,000 and the daily debit card use is $6,000. We maintain these limits for your security and protection, but if you have a special case we can help you with, please reach out to https://www.sofi.com/contact-us/.

Members can access any of the 55,000+ fee-free ATMs within the Allpoint network (more than Chase, Wells Fargo, and Bank of America combined).³
SoFi members can also withdraw cash at any ATM that accepts Mastercard, or which supports either Maestro or Interlink systems, however please note that a fee will be incurred when using a non-Allpoint ATM.

You can see locations of Allpoint ATMs in the SoFi

In addition to early paycheck,⁶ members with qualifying direct deposits are eligible for:
● No fee overdraft coverage⁴
● SoFi’s highest interest rate
● Early paycheck deposit (which is often up to 2 days early, but may vary)
● Preferred access to IPOs
● Discounts on personal loans

SoFi Stadium is the new home of the Los Angeles Chargers and Los Angeles Rams. The state-of-the-art stadium is the first indoor-outdoor stadium to be constructed. As a SoFi Checking and Savings Member, you will receive exclusive access to fast lanes at stadium check-ins and discounts on food and merchandise in the stadium. Check your SoFi app or sofi.com/stadium for more information before events.

Interest on your balance is accrued daily and compounded monthly. On the last business day of each month, we calculate the interest earned and post it to your SoFi Checking and Savings account, no later than the 5th business day of the following month. The interest earned is reflected on your monthly statement.