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SoFi Transfer Money
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{/* https://www.sofi.com/banking/transfer-money/ */}
Easily transfer your money where and when you need it.
Easily and securely make unlimited transfers between your SoFi accounts, send money to external banks, and build your savings with automatic transfers.
Open an account
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Simple ways to transfer your money.
Move money instantly between SoFi accounts.
Navigate to “Transfer”.
Log in to the SoFi app or website and head to the Banking tab. Tap the “Transfer” button to get started.
Select your “From” and “To” accounts.
Choose which SoFi account you want to move money from (like Checking) and where you want to move it to (like Savings or a Vault).
Set the amount and frequency.
Enter the dollar amount you want to move. Here, you can also set up a recurring, scheduled transfer to put your savings on autopilot.
Review and move your money.
Double-check the details and confirm the transfer. Your money will be moved instantly.
Send funds to and from your other banks.
Navigate to “Transfer”.
Log in to the SoFi app or website and head to the Banking tab. Tap the “Transfer” button to get started.
Select your “From” and “To” accounts.
Choose which account you want to move money from and where you want it to go. Select your external bank account as your source or destination.
Link your bank (if it’s your first time).
If you haven’t connected an external account yet, you’ll be prompted to securely add your bank using your account and routing number.
Set the amount, review, and confirm.
Enter the dollar amount, confirm the details, and your transfer is on its way. External transfers typically take 2-3 business days to complete.
Looking to pay someone else?
We’ve got that covered, too. Whether you’re paying friends, buying a home, or sending money abroad, you can do it all from the SoFi app.
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Zelle®1
A fast, safe, and easy way to send money to friends and family. All you need is their U.S. mobile number or email address.
Explore Zelle®
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Wire transfers.
Need to send a large amount of money for a big purchase? Securely send domestic wire transfers for home down payments, car purchases, and more.
Explore wires
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International transfers.
Make fast international transfers easily, right from the SoFi app. Enjoy low-cost, transparent pricing with all exchange rates and fees shown upfront.
Explore international transfers
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FAQ
Transfer limits depend on the method you’re using:
- Internal Transfers (between SoFi accounts): There are no limits to how much you can transfer between your SoFi Checking and Savings accounts.
- External ACH Transfers (to/from other banks): Limits are typically $50,000 per day, but can be as high as $100,000 per day for established members.
Transfer times depend on the method you’re using:
- Internal Transfers (between SoFi accounts): Instant.
- External ACH Transfers (to/from other banks): 1 to 3 business days.
It depends on the transfer type, so it’s important to be sure before you send:
- Internal Transfers (between SoFi accounts): Technically, you can’t cancel the transfer because the money moves instantly. However, you can just as instantly transfer it back to the original account if you change your mind.
- External ACH Transfers (to/from other banks): Yes, but only if the transfer is still in “pending” status.
This is a very common point of confusion. Here’s a simple way to break it down:
- External ACH Transfers: This is the standard way to move money between your SoFi account and an external bank account you own. They are free but typically take 1 to 3 business days to complete.
- Wire Transfers: These are best for large, time-sensitive domestic payments, like for a home purchase. They usually process the same day if sent by the cutoff time, but have a $30 fee. Wires are generally final and cannot be reversed.
- Zelle®: This is a fast, safe, and easy way to send money to other people (like friends and family) using just their U.S. mobile number or email address. Transfers typically happen in minutes.
We use a multi-layered security approach to protect your money and information. Your SoFi Bank deposits are FDIC-insured up to $250,000 (and up to $3 million through our partner network). We use SSL encryption to protect your personal and financial data, require two-factor authentication to prevent unauthorized access, and have systems in place that continuously monitor for fraudulent activity 24/7.
This can be done two ways:
- Instant: If you link your account using Plaid (by logging in with your other bank’s username and password), it’s linked instantly.
- 1-2 Business Days: If you link your account manually (using your account and routing numbers), it will take 1-2 business days to verify via micro-deposits.
We do not charge any fees for ACH transfers (moving money to or from your linked external bank accounts).2
See all FAQs
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More resources on transferring money
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Make your money move.
Give your funds the freedom to move. Open a SoFi Checking and Savings account today.
Transfer money
Open an account
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