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Get started now and bring down your low
fixed rate for a SoFi Personal Loan even more.
Where’s my confirmation #?
Your confirmation # is a 13—digit code on the right hand side of the SoFi offer you received in the mail.
Don’t worry—checking your rate will not affect your credit score.†︎
†︎Terms and conditions apply. Offer good for new SoFi Personal Loan customers only. To receive the offer, you must: (1) register and apply by 5/21/2021 through the designated landing page SoFi.com/LowerMyRate; (2) have completed your application within 90 days of the register date; and (3) and meet SoFi’s underwriting criteria. Once conditions are met and the loan has been disbursed, the interest rate shown in the Final Disclosure Statement will include an additional 0.25% rate discount. Cannot be combined with other rate discount or offers, with the exception of the 0.25% autopay rate discount. Autopay is not required to receive a loan from SoFi. SoFi reserves the right to change or terminate the Rate Discount Program to unenrolled participants at any time with or without notice.
Borrow from $5k to $100k with fixed personal loan rates ranging from
8.74% APR to 35.49% APR (with AutoPay).*
Balance
$31,000
Interest Rate
19.40% APR
Monthly Payment
$811
5-Year Interest
Paid
$17,659
Estimated savings with SoFi
$7,369
Example chart shows calculations based on a 5 year SoFi Personal Loan with a fixed rate of 11.91% APR, which is the rounded average funded APR for SoFi Personal Loan borrowers from May 1 2020-May 31 2021. Lowest rates are reserved for the most qualified borrowers. The ‘High-Interest Rate Credit-Card’ APR shown is the average credit card APR reported by Wallethub for Q1 2021 under their Good Credit category. The savings estimate also assumes that the borrower doesn’t take out any additional credit card debt during the same period. Both calculations assume 60 total monthly payments and no pre-payment amounts. *See back of letter for APR information.
These high-income transplants bring in money and other resources. But they also drive up the cost of living, and some worry they will permanently change the culture of these small towns.
Read more{/* Direct Deposit Refresh 2/11/25*/}
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Learn how to set up direct deposit with SoFi. And for a limited time, get up to a $300 cash bonus when you set up direct deposit.1
Open an account
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From overdraft coverage to getting paid early (you heard that right), there’s lots to love about direct deposit. Plus, you can set up direct deposit right from home.
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What do you need to set up direct deposit? With SoFi, you have three different options to get started:
If your employer has an HR portal that allows you to set up direct deposit yourself, you can access your SoFi Checking and Savings account and routing numbers here.
Simply download this pre-filled form, sign it, and submit it to your employer’s payroll department.
Once you’re logged in online or on the SoFi app, you can easily connect your SoFi account to your employer’s payroll systems.
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Get SoFi Plus at no extra cost with eligible direct deposit
to a SoFi Checking and Savings Account. Premium membership
benefits include:
Our highest APY on SoFi Bank savings3
10% boost on cash back rewards earned
through select SoFi Credit Cards. For example,
2% cash back rewards boost to 2.2%4
2x rewards points for qualifying account activity5
Plus, so much more…
Get SoFi Plus
3$1,000 value: See assumptions and details below, value is not guaranteed and varies depending on benefits used.
Terms apply.
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Open an account
With direct deposit, you’ll automatically get your paycheck up to two days early every time you get paid.6
After you set up direct deposit, we’ll cover you up to $50 with no fees if you accidentally spend more than you have.7
Cha-ching! Get up to a $300 bonus deposited in your bank account when you set up direct deposit.1
Members with direct deposit can earn 3.60% APY on their savings and Vault balances, and 0.50% APY on their checking balances.2
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Direct deposit is by far the most common way to get paid in America. In fact, 82% of U.S. workers get their paychecks electronically as a direct deposit, according to the National Automated Clearing House Association.
SoFi’s routing number is: 031101334. This applies to SoFi Bank Checking and Savings account, SoFi Money Cash Management Account, and Samsung Money by SoFi.
To access your account numbers, log in to your account or go to the Banking tab of your SoFi mobile app and tap “More.”
Many employers allow you to change your own direct deposit settings by inputting your account and routing numbers into their HR portal.
You’ll receive your payout within seven business days following the 25-day promotional period. See full terms below.
On average, it takes two to four weeks for a direct deposit to hit.
You can earn 3.60% APY (annual percentage yield) on savings (including Vaults) balances, and 0.50% APY on your checking balances with direct deposit. That’s 9x the national average savings account rate!9
Members without direct deposit will earn 1.00% on savings balances and 0.50% on checking balances.
It typically takes 1 to 2 pay periods for your direct deposit to become active. After this time frame, you’ll know your direct deposit works when you receive funds on or before your expected payday.
Because direct deposit happens digitally, it’s more secure than paper transactions. Gone are the days of paper checks getting lost in the mail, stolen, or fraudulently cashed. SoFi bank deposits are also insured by the FDIC up to $250,000 per individual and $500,000 per joint account. Plus, SoFi Checking and Savings members can access additional FDIC insurance up to $3M by enrolling in the SoFi Insured Deposit Program.
With a SoFi account, you can automatically set up direct deposit without a voided check. However, if you want or need to set up direct deposit manually, you can receive a pre-filled direct deposit form with a voided check.
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