Sep

2019

Money | Fees

By Jp Wu | money | Comments Off

SoFi Money charges you no account fees.

Whether you’re storing cash until you’re ready to invest or working toward a down payment, SoFi Money can help you on your way—with no account fees while you’re at it.

We work hard to charge no account fees. With that in mind, our fee structure is subject to change at any time. See our terms and conditions.

No account
minimum fees

SoFi Money is a cash management account that doesn’t require you to have a minimum balance—and doesn’t charge you for not having a certain amount.

No overdraft fees

We built SoFi Money to protect you from overdrafting, but in the off-chance it happens, you won’t get charged².

Our goal is to eliminate as many fees as possible. That being said, our fee structure is subject to change at any time.

No ATM fees at
55,000+ ATMs worldwide¹

When you need cash, you shouldn’t be charged for it—no matter where you are. With Samsung Money by SoFi, ATMs are fee-free at any ATM within the Allpoint® Network.

Our goal is to eliminate as many fees as possible. That being said, our fee structure and ATM fee reimbursement structure is subject to change at any time.

Full transparency

We’re proud to say that SoFi Money has no account fees and no service charges—and we’re working hard to keep it that way. That being said, our fee structure is subject to change at any time. See our terms and conditions.

Service charges

First Replacement Card

$0

Additional Replacement Card

$0

Replacement Card Rush Delivery

$0

Stop Payment

$0

Statement & Research –

Legal Processing

$0

No
Account

Opening
Fees

No
Account

Annual
Fees

No
Inactive

Account
Fees

No
Dormant

Account
Fees

No
Bill

Pay
Fees

No
Return

Item
Fees

No
Overdraft
Fees

Account Opening

^$
0

Account Monthly

^$
0

Account Annual

^$
0

Inactive Account

If you have not called in, logged into, made a withdrawal, or a deposit to your SoFi Money account (“customer-generated activity”) for a period of twelve (12) months, your account will fall in to a status of inactive. No fee will be charged.

^$ 0

Dormant Account

If you have not called in, logged into, made a withdrawal, or a deposit to your SoFi Money account (“customer-generated activity”) for a period of twelve (12) months, your account will fall in to a status of inactive. No fee will be charged.

^$ 0

Escheatment – Abandoned

or Unclaimed Account

Dormant accounts with no customer-generated activity are subject to escheatment procedures in accordance with the laws of the state in which you reside. For general information on the escheatment process, visit https://www.sec.gov/fast-answers/answersescheathtm.html.

^$ 0

P2P Transfers

^$ 0

Bill Pay

^$ 0

Mobile Deposit Capture

^$ 0

Return Item

SoFi may return items when your account does not have enough money.

^$ 0

Overdraft

While the SoFi Money account prevents you from overdrawing in most cases, there may still be times when your account could have a negative balance. This could happen if a transaction is approved for one amount, but the actual charge is more than the amount of money in your account. For example, when you use your debit card for a meal and then add a tip. In this situation, the full payment may go through and result in a negative balance on your account, but SoFi will not charge you an overdraft fee.

^$ 0

Point of Sale (POS)

Transactions – Domestic/

International

^$ 0

Allpoint ATM Transactions –

Domestic/International¹

^$ 0

Our goal is to eliminate as many fees as possible. That being said, our fee structure and ATM fee reimbursement structure is subject to change at any time.

Not already a SoFi Money member?

Sign up

Sep

30

2019

Tips to Crush Your Career Goals

By SoFi | Career | No Comments

Whether focused on your personal or career goals, it’s clear that you’re thinking ahead to the new year. But some will say you can’t move forward successfully without first looking back and understanding where you are today. Goal-setting usually works best in tandem with self-assessment.

To help make this year the year you step up professionally and work toward a more productive, profitable, and fulfilled career, don’t start with resolutions; start with reflection:

Sep

30

2019

4 Things Millennials Can Learn About Investing From Previous Generations

By SoFi | invest, Money | No Comments

Sometimes, money matters can feel frustrating as a millennial. Learning something new can make you scratch your head, wondering where to start. Investing is no exception.

One advantage millennials have is the ability to learn from previous generations. Additionally, there is one arena where millennials may have it better than previous generations, and that’s the arena of investing.

Currently, there are many accessible, transparent options for investing that are both low-cost and don’t require a huge amount of money to get started.

If you’re wondering “how do I learn to invest my money?”, you could start by taking a peek into history to learn what was different, what was the same, and what you can do better.

Here are four things that millennials can learn about investing from previous generations.

Sep

25

2019

Crypto Trading: Buy Bitcoin, Litecoin, and Ethereum (DR)

By Eujin Rhee | invest | Comments Off

Buy cryptocurrency

Trade crypto.
Get up to $100 in Bitcoin.

Get ready for a new way to trade crypto.

SoFi Invest is built for investors who learn by doing. Learn the ins and outs of crypto as you go—no matter your skill level.

Protect your investment

SoFi secures all crypto holdings from fraud or theft—so your holdings are protected^✝.

Do it all in one app

Trade Bitcoin, Ethereum, and Litecoin right alongside stocks and ETFs—all on the SoFi app.

Be smart about risk

Risk is a natural part of investing. But it’s important to know that crypto, due to its volatility, carries a higher degree of risk.

Learn as you go

Gain an understanding of the crypto market by tracking the prices of up to 40 cryptocurrencies.

Crypto is offered through SoFi Digital Assets, LLC. Not subject to FDIC & SIPC coverage.

You’re just a few clicks away from trading crypto.

Start trading Bitcoin, Ethereum, Litecoin, Polkadot, Dogecoin, and more today—you don’t even need to set up a crypto wallet.

FAQs

Fixed rates from 8.74% APR to 35.49% APR reflect the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of 12/15/25 and are subject to change without notice. The average of SoFi Personal Loans funded in 2022 was around $30K. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors.

Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0%-6%, which will be deducted from any loan proceeds you receive.

PERSONAL LOAN INTEREST RATES AND FEES | ELIGIBILITY AND IMPORTANT DETAILS. Annual percentage rates (APRs) shown include the 0.25% autopay discount. If approved for a loan, the rates and terms offered will depend on things like creditworthiness, the length of the loan, and other factors, and will fall within the range of rates available by applicable loan term; check out our full APR examples and terms. Remember, not all applicants will qualify for the lowest rate. Want to learn more? See our eligibility criteria at SoFi.com/eligibility-criteria. SoFi reserves the right to change interest rates at any time without notice, changes would only apply to applications begun after the effective date of the change. Fixed Rates: Fixed rates range from 8.74% APR to 35.49% APR (with autopay). The SoFi 0.25% autopay interest rate reduction requires you to agree to make your scheduled monthly payments by an automatic monthly deduction (ACH) from a savings or checking account. Enrolling in autopay is not required to receive a loan from SoFi. Loan Terms: SoFi Personal Loans offer loans with a period of repayment between 2 and 7-year terms. Loan Fees: SoFi personal loans have no fees required; specifically, no origination fees required, no late fees, no prepayment penalties.

PERSONAL LOAN | REPAYMENT EXAMPLE. The following example depicts the APR, monthly payment and total payments during the life of a $30,000 personal loan with a 2-year repayment term, a 0.25% autopay discount, and a fixed rate between 8.74% APR to 35.49% APR. It works out to 24 monthly payments ranging from $1,356.68–$1,529.07 for a total amount of payments ranging from $32,560.37–$36,697.76. This repayment example assumes that the borrower is signed up for autopay and that all payments are made on time, with no pre-payments. Actual rates may vary based on repayment term, loan amount, creditworthiness, and other terms and conditions. SoFi does not offer variable rate personal loans. State restrictions may apply.

Sep

24

2019

What is Bitcoin & How Does It Work?

By SoFi | Money | No Comments

To understand Bitcoin, there are a few other definitions to clarify first, including that of digital currency .

This type of currency does not have a physical form, so it can’t be seen or touched, but theoretically, it can be used in the same ways as traditional money, including buying and selling goods and services. Digital currency can be used around the globe, as long as parties accept this type of payment, being exchanged among digital wallets.

Cryptocurrency is a type of digital currency, one that’s based on cryptography, using complex mathematical principles to create and analyze algorithms. Bitcoin is the most widely recognized form of cryptocurrency, but it isn’t the only option.

Bitcoin uses blockchain technology and a decentralized ledger to operate. In hypothetical terms, blockchain technology is like a spreadsheet duplicated across networks of computers with the technology creating the ability for people to regularly update the spreadsheet with transactions.

Records are public and easily verified, creating a sense of openness. Bitcoin has no primary regulating authority—and no centralized version of its record exists. Regulators are increasingly getting involved, but the regulatory structure is currently nowhere near the same degree as those imposed on securities or banking products.

SoFi Blog

Tips and news—
for your financial moves.

Money | Fees

SoFi Money charges you no account fees.

No account
minimum fees

No overdraft fees

No ATM fees at
55,000+ ATMs worldwide¹

Full transparency

We’re proud to say that SoFi Money has no account fees and no service charges—and we’re working hard to keep it that way. That being said, our fee structure is subject to change at any time. See our terms and conditions.