SoFi Blog

Tips and news—
for your financial moves.

What are all the benefits of setting up direct deposit?

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

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What benefits are available at SoFi Stadium?

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.

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How often is the interest accrued and compounded?

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.

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Do you provide paper checks?

Yes, we offer checks at no cost! To order checks, log in (either in the app or on the web), and go to the “More” section. You’ll receive your checks about 10-14 days after ordering. You can order an additional 25 checks after one week. Note that checks are not automatically sent.

Please note that SoFi’s routing number changed in 2020. Make sure that you are using checks with routing number 031101334 (routing number is found on the bottom left of the check).

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