SoFi Blog

You can earn 3.60% APY (annual percentage yield)¹ on savings with eligible direct deposit, or by depositing at least $5,000 every 30 days. Members without eligible direct deposit will earn 1.00% APY.

Once you receive your new SoFi Debit Card, you can activate your card in the SoFi app. Navigate to Manage Account, select “Manage your cards” to activate the card, click “Next” from the card activation screen and follow the instructions.

You can create your PIN when you activate your card in the SoFi app. You can change your PIN within the SoFi app by clicking on the “More” button on the Banking dashboard and then from the Manage Account page, click on “Manage your cards” and then click “Reset PIN”.

You can use your SoFi Debit Card in other countries for purchases and ATM withdrawals wherever Mastercard is accepted. The funds will be withdrawn in the currency of the country where you made the purchase or ATM withdrawal.

If you notice suspicious activity, you can freeze your card right away from the SoFi web or mobile app under “More” and contact us as soon as possible! If you find fraudulent activity on your account, you’re also covered by the Mastercard Zero Liability policy.⁵ See our Debit Card Agreement and Error Resolution Disclosure which secures our commitment that you won’t be held responsible for unauthorized or erroneous card transactions as long as you report them to us no later than sixty (60) days after the first statement on which the problem or error occurred was made available. Lost or stolen debit cards must be reported within 2 business days.