Apr
28
2022
Do you offer joint accounts?
Yes! You can invite a second account holder by navigating to the “More” tab and clicking “add a joint account holder”.
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Tips and news—
for your financial moves.
Apr
28
2022
What is your foreign exchange fee?
If your SoFi Debit Card purchase or ATM withdrawal is in a foreign currency, the amount will be converted to US dollars by Mastercard based on their exchange rate at the time of settlement. A 0.9% foreign convenience fee is charged, which SoFi pays rather than passing the cost on to you. There is also a 0.2% foreign conversion fee, which is baked into your actual transaction and we do not reimburse.
Read moreApr
28
2022
Apr
28
2022
Can I set up a business account?
SoFi Checking and Savings is not currently available for Businesses. However, SoFi Checking and Savings is currently available for both personal Individual and Joint accounts.
Read moreApr
28
2022
I received a bonus for referring people to SoFi—do I need to think about the tax implications of these bonuses?
While bonuses are normally considered income (check with your tax advisor), bonus amounts of $599 or greater in a single calendar year may be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. Bonus recipients are responsible for any applicable federal, state, or local taxes associated with receiving the bonus offer. SoFi always recommends that you consult your tax advisor to determine applicable tax consequences. If you do meet this requirement, your copy of the form will be mailed to you via post on or around January 31.
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