SoFi Blog

Tips and news—
for your financial moves.

Dec
05
2025

ESS DM PS 51001

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YOU’RE PRESELECTED!1

Credit you can rely on with no surprise fees.

You can choose to stop receiving “prescreened” offers of credit from this and other companies by calling toll-free 1-888-5-OPTOUT (1-888-567-8688). See PRESCREEN AND OPT-OUT NOTICE BELOW for more information about prescreened offers.


YOU’RE PRESELECTED!1

Credit you can rely on with no surprise fees

You can choose to stop receiving “prescreened” offers of credit from this and other companies by calling toll-free 1-888-5-OPTOUT (1-888-567-8688). See PRESCREEN AND OPT-OUT NOTICE BELOW for more information about prescreened offers.

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Dec
05
2025

Invest Pricing and Rates

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SoFi Invest
Pricing and Rates.

We believe you should always know what you’re paying. Find all the clear, straightforward fees and rates for SoFi Invest right here.


Trade now

$0
Commission fees on Self-Directed stock, ETF1, and options2 trading.

$0
Options contract fees for Self-Directing investing. Other fees apply.

$0
Account maintenance fees for Self-Directed accounts, including Self-Directed IRAs.

Trading commissions and fees

Investment Type Cost What You Should Know
U.S. Stocks, ETFs, & Options (including OTC Securities) $0 Commission Commission-free trading applies to all self-directed cash or margin brokerage accounts when trading via the SoFi app or website.
Initial Public Offerings (IPOs)3 First Sale: $50

Subsequent Sales: $5

 This fee applies only to sales of securities obtained through an IPO offering within the first 120 days of the IPO.
American Depository Receipts (ADRs) Variable Custody Fee Some ADRs are subject to a custody fee. This fee is charged by the ADR’s custodial bank, not by SoFi.

Account fees and minimums

Account Type Opening Fee Maintenance Fee Minimum to Begin Investing
Self-Directed
(Includes Roth, Traditional, and SEP IRAs)		 $0 $0 Annual Fee $5
Robo-Advisor
(Includes Roth, Traditional, and SEP IRAs)		 $0 0.25% Annual Advisory Fee $50

Fund fees

SOFI INVESTMENT TRANSACTION FEES (DIRECT COSTS)

Fund/Investment Type Fee Charged by SoFi How it Works
Interval & Tender Offer Funds4 2% of Purchase Amount This is a transaction fee, similar to a brokerage commission, applied when you buy these specialized funds.
Other Mutual Funds (Transaction Fee) 0.2% of Purchase Amount (Max $20) This is SoFi’s transaction fee on certain mutual fund purchases. The fee is capped at a maximum of $20 per transaction.

EXTERNAL FUND COSTS (CHARGED BY FUND PROVIDERS, NOT SOFI)

Fund Cost Type Applies To What You Need to Know
Management Fees / Expense Ratios ETFs and Mutual Funds These are ongoing charges paid to the fund provider (not SoFi) to cover operating and administrative costs. These costs reduce the fund’s return.
Front-End Load Charges Mutual Funds5 Charged by the fund company when you purchase shares. It is deducted from your initial investment amount.
Back-End Load Charges (CDSC) Mutual Funds Charged by the fund company when you sell or redeem your shares (often if sold within a specific time frame).

Service fees

Service Fee
Electronic delivery of statements, trade confirmations, prospectuses, & tax forms $0
Paper Confirmations $2/confirm*
Paper Statements $5/statement*
IRA closing fee $100 (as of May 22, 2025)
Inactivity Fee: Per account for every 6 months of login inactivity $25
Participation in voluntary corporate action $50
Additional fee per security involved in a voluntary corporate action deposit/withdrawal $100

*Don’t worry: We’ll help you enroll in email confirmations and statements, so this only happens if your emails get returned.
As long as your email is correct and working, you’re all good. If you ever have issues, let us know.

Transfers and money movement fees

Transfer Type Fee
Returned Check, ACH or Wire & Recall/Insufficient funds $30
Outgoing ACATs (If you’re thinking about an ACAT out, please contact us.) $100
Incoming ACATs $0
Incoming Wire Transfer (though your transferring firm might charge a fee) $0
Outgoing Wire Transfer $25

Margin6

Margin Balance Margin Rate
$0-$50K 9.50%
$50K-$100K 8.75%
$100K-$200K 8.25%
$200K-$500K 7.25%
$500K-$1M 6.75%
$1M-$10M 5.75%
>$10M 4.75%

Note: The margin interest rate is subject to further changes at any time and at SoFi’s sole discretion.
The interest charge is calculated on the daily debit balance and the sum is charged monthly to the account.

Regulatory trading fees

Fee Type How the Fee is Calculated
Trading Activity Fee (TAF) Stocks: $0.000166 per share (on equity sells)

Options: $0.00279 per contract (on options sells)
Options Regulatory Fee (ORF) $0.0187 per options contract (on both buys and sells)
OCC Clearing Fee Standard: $0.02 per options contract

Large Trades (>2,750 contracts): $55 flat rate

Note: Regulatory Trading Fees are set by law and regulation, and are subject to change without notice.
You should always check the current posted Fee Schedule before placing trades.

{/* module*/}

Please review the Customer Relationship Summary (Form CRS) which contains important information about the product, services, fees, and conflicts of interests of SoFi Securities LLC.

You may also learn more about SoFi Securities LLC and its Representatives on FINRA’s BrokerCheck.

FAQ


How much does it cost to open an account?

$0. There is no fee to open any SoFi Invest account (Self-Directed, Robo-Advisor, or IRA). There is also no minimum balance required to maintain the account or avoid fees.


Does SoFi charge fees for trading stocks?

We offer $0 commission trades for all U.S. listed stocks, ETFs, and options in your Self-Directed account. Certain minimal regulatory fees still apply to sales, as mandated by the SEC and FINRA.


Are there annual fees for having a SoFi IRA?

It depends on the investing method:

  • Self-Directed IRA: $0 annual or maintenance fee.
  • Robo (Automated) IRA: The account will incur the 0.25% Annual Advisory Fee, which is charged for the professional management of the portfolio.



Are there any hidden fees I should know about?

No, we believe in full transparency. While commissions on stocks and ETFs are $0, there are a few service-related fees (like an avoidable $25 inactivity fee and a $100 IRA closing fee) and standard regulatory fees that you will find clearly outlined in the tables above.


What is the minimum amount needed to start investing?

With Self-Directed Investing, via SoFi Securities, you can get started with as little as $5. With Robo Investing, via SoFi Wealth, you need a minimum of $50 to start investing.


Why is there a management fee for Robo Investing but not for Self-Directed Investing?

The fee for Automated Investing covers the essential service of professional portfolio management. The 0.25% advisory fee pays for algorithm-driven features like:

  • Creating and managing your personalized portfolio.
  • Automatic rebalancing to maintain your target risk level.
  • Dividend reinvestment.

In Self-Directed Investing, you manage your own portfolio, so there is no management fee.


Does it cost money to transfer my account to or from SoFi?

Transferring to SoFi: $0 – We do not charge any fee for incoming transfers (ACATs). If your previous broker charges you a fee, we will reimburse up to $75 when you transfer $5,000 or more.

Transferring Out of SoFi: There is a $100 fee for a full or partial transfer (ACAT Out) to another brokerage.


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Dec
04
2025

offers/1000-points

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{/* OFFER – HERO */}

{/* OFFER – Banner */}


CREDIT SCORE MONITORING

{/* OFFER – Title */}


Get $10 in rewards points when you sign up for credit score monitoring.

{/* OFFER – Description */}

To receive this offer, you must successfully complete setting up credit score monitoring. Terms apply.*

{/* DISCLOSURE CONTENT */}

{/* INSERT DISCLOSURE’S HERE */}

*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery, or failure to store any user data, loss of user data, communications, or personalization settings. You must confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

{/* CTA Mobile */}


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name: ‘onClose’,
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actionUrl: ‘https://www.sofi.com/referral/api/attribution?gcp=1ea7d2b7-24e1-48db-ad29-d86fef370d79’
}));
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>
Get started

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Get started

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Dec
04
2025

offers/20-account-open

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{/* OFFER – HERO */}

{/* OFFER – Banner */}


SoFi Checking and Savings

{/* OFFER – Title */}


Earn $20 in rewards points.

{/* OFFER – Description */}

Open a SoFi Checking and Savings account and earn $20 in rewards points. Terms apply.*

{/* DISCLOSURE CONTENT */}

{/* INSERT DISCLOSURE’S HERE */}

*The following describes the terms that apply to participation in the SoFi Checking and Savings $20 open offer (“Open Offer”) offered by SoFi Bank, N.A (“SoFi”).

This offer is available to new SoFi Checking and Savings members who have not previously opened a SoFi Money or SoFi Checking and Savings account. This offer is limited to one per person.

To receive the account $20 offer, participants must first apply and successfully open a SoFi Checking and Savings account. qualifying participants will receive 2,000 SoFi rewards points, worth a value of $20, within 7 business days. 2,000 Bonus Rewards Points are equal in value to $20 when redeemed into SoFi Checking and Savings, SoFi Active Invest, SoFi Personal, SoFi Student or Student Loan Refinance loans or as a SoFi Credit Card statement credit. In the case of joint accounts, participants will receive a total of 2,000 rewards points into the joint account.

You must receive this offer directly from SoFi to be eligible and respond via the specific link contained in this communication.

This SoFi Checking and Savings $20 open offer cannot be combined with the SoFi Checking and Savings Referral Offer. Participants must comply with the SoFi Checking and Savings terms of use.

SoFi and its affiliates have an obligation to meet its tax reporting requirements. Per applicable law, bonus amounts of $600 or greater in a single calendar year will be reported to the Internal Revenue Service (IRS) as other income to the recipient on Form 1099-MISC in the year received. The tax reporting threshold of $600 or greater is applied on a consolidated basis across all products. Recipient is responsible for any applicable federal, state, or local taxes associated with receiving the bonus offer. Consult your tax advisor to determine applicable tax consequences. SoFi reserves the right to change or terminate the offer at any time without notice.

{/* CTA Mobile */}


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(window.Android || window.callbackHandler).postMessage(JSON.stringify({
name: ‘onClose’,
value: ‘onClose’,
actionUrl: ‘money/onboarding/’
}));
}}
>
Open an account

{/* CTA Desktop*/}



Open an account

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Dec
04
2025

International Money Transfer – SoFi Pay Test

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{/* SoFi Pay LP 9/18/25 */}
{/* https://www.sofi.com/banking/online-banking/pay-worldwide/ */}



{/* Hero */}


WORLDWIDE MONEY TRANSFERS

Send cash in a flash
with worldwide
money transfers.


Now you can send money to 30+ countries directly from your SoFi Checking and Savings account—including Mexico, India, Brazil, and more. Plus, make three international money transfers by 3/31/26 to earn $30 in rewards points.1


Low cost—one flat fee for every transfer, regardless of destination or amount.


Fast—send money right when others need it.


Easy—make a transfer directly from our app.


Open an account

Already have an account? Send money now.

Send money to over 30 countries.

We’re adding new countries regularly. Choose a destination to get started.

{/* — HEADER & CONTROLS — */}

Where do you want to send money?

{/* Tabs */}





{/* Functional Search */}


{/* — BODY CONTENT — */}

{/* SECTION 1: POPULAR DESTINATIONS */}

{/* SEPARATOR */}

{/* SECTION 2: ALL OTHER COUNTRIES */}

All Countries

{/* AUSTRIA (Europe) */}


Austria

{/* BELGIUM (Europe) */}


Belgium

{/* BULGARIA (Europe) */}


Bulgaria

{/* CROATIA (Europe) */}


Croatia

{/* CYPRUS (Europe) */}


Cyprus

{/* CZECH REPUBLIC (Europe) */}


Czech Republic

{/* DENMARK (Europe) */}


Denmark

{/* ESTONIA (Europe) */}


Estonia

{/* FINLAND (Europe) */}


Finland

{/* FRANCE (Europe) */}


France

{/* GERMANY (Europe) */}


Germany

{/* GREECE (Europe) */}


Greece

{/* ICELAND (Europe) */}


Iceland

{/* IRELAND (Europe) */}


Ireland

{/* ITALY (Europe) */}


Italy

{/* LATVIA (Europe) */}


Latvia

{/* LIECHTENSTEIN (Europe) */}


Liechtenstein

{/* LITHUANIA (Europe) */}


Lithuania

{/* LUXEMBOURG (Europe) */}


Luxembourg

{/* NETHERLANDS (Europe) */}


Netherlands

{/* NORWAY (Europe) */}


Norway

{/* POLAND (Europe) */}


Poland

{/* PORTUGAL (Europe) */}


Portugal

{/* ROMANIA (Europe) */}


Romania

{/* SLOVAKIA (Europe) */}


Slovakia

{/* SLOVENIA (Europe) */}


Slovenia

{/* SPAIN (Europe) */}


Spain

{/* SWEDEN (Europe) */}


Sweden

{/* SWITZERLAND (Europe) */}


Switzerland

{/* How to send money outside the U.S. */}

How to send money outside the U.S.
with SoFi Checking and Savings.

Send money to loved ones directly from your SoFi Checking and Savings account. Here’s how:


  • From the SoFi app or site, log in to your account and go to Banking > Pay > Pay a friend (U.S. or abroad).


  • We’ll automatically create a payment handle for you. Then, just follow the steps to add your recipient and send your payment.

If you don’t have SoFi Checking and Savings, you’ll need to open and fund an account first. See list of supported countries here.


Open an account

Already have an account? Send money now.

{/* Why SoFi? Better online banking begins here. */}

Why SoFi? Better online banking begins here.

Get a bonus of up to $3002†

Open an account and set up an eligible direct deposit of $1,000 or more to receive a $50 or $300 bonus. Terms apply.

Earn 4.30% APY3

Set up an eligible direct deposit to earn 4.30% APY for up to six months on savings balances. Terms apply.

Pay no account fees4

We don’t mess with account fees, neither should you. That’s right—no account, overdraft, or monthly fees.


Open an account


{/*FAQs*/}

SoFi Pay FAQs


What’s the option to send money to someone outside the U.S.?

If you have SoFi Checking and Savings, you’ll be able to send money to friends and family in select countries for a small fee. The transfer is processed instantly and is sent directly from your SoFi Checking account.

To make it work, both you and your recipient need payment handles. We’ll automatically create yours the first time you use the international send feature and link it to your checking account. When you’re ready to send money, you can either enter your recipient’s payment handle or invite them to set one up for free.

Right now, international payments can only be sent from your SoFi Checking account (either individual or joint).

We’re gradually rolling this feature out to all members with SoFi Checking and Savings. If you don’t have access to it yet, or if you don’t see it in your app yet, keep an eye out. We’ll send you an email and an in-app notification when it’s available for you.




Which countries can I send money to outside the U.S.?


You can see the supported countries here.

If you have SoFi Checking and Savings, you’ll be able to send money to friends and family in select countries for a small fee. The transfer is processed instantly and is sent directly from your SoFi Checking account.

To make it work, both you and your recipient need payment handles. We’ll automatically create yours the first time you use the international send feature and link it to your checking account. When you’re ready to send money, you can either enter your recipient’s payment handle or invite them to set one up for free.

Right now, international payments can only be sent from your SoFi Checking account (either individual or joint).

We’re gradually rolling this feature out to all members with SoFi Checking and Savings. If you don’t have access to it yet, or if you don’t see it in your app yet, keep an eye out. We’ll send you an email and an in-app notification when it’s available for you.


Will I be subject to the 1% U.S. federal remittance tax when sending money internationally with SoFi?

No. All transactions are exempt from the 1% federal remittance tax when you send money through the SoFi app.


When will the person I’m sending money to get it? (International recipient)


Most international payments arrive within minutes. In some cases, the recipient’s bank may take longer to process and post the funds.

If the payment was sent but not received, ask your recipient to check the recent activity section of their account and/or their bank statement. It may appear under a local partner’s name rather than SoFi. If it’s been a few hours and they still don’t see it, contact us and we’ll help investigate.



Are there fees to send money internationally?


Yes, there are small fees when you send money to someone outside the U.S. You’ll see a clear breakdown of these fees on the review screen before you send.

How the fees work:

Processing fee: We charge this small fee to help us cover secure payment processing and compliance. It’s included in the total you’ll pay and will appear as a separate line in your Activity.

Network fee: This fee is set by our payment partner and depends on how much you’re sending. It’s subtracted from the amount before it’s converted to your recipient’s currency. So the final amount they receive may be slightly lower than what you send, depending on the fee and the exchange rate.

We’ll always show you the exact amount your recipient will receive on the Review screen before you confirm and send the payment.


{/* Horizon */}

{/* Need to send cash fast? */}

Need to send cash fast?

Send money to loved ones across countries and currencies—and do it directly from your
SoFi Checking and Savings account. It’s fast, easy, and affordable.


Open an account

Already have an account? Send money now.



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SoFi Daily

Stay up to date on the latest business news and stock market happenings.

Learn more

Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org)

✝︎ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

INVESTMENTS: NOT FDIC INSURED • HAVE NO GUARANTEE • MAY LOSE VALUE. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The SoFi Wealth platform is operated and maintained by SoFi Wealth LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of SoFi Wealth LLC by SoFi Securities LLC, an affiliated broker-dealer registered with the Securities and Exchange Commission and a member of FINRA /SIPC . Clearing and custody of all securities are provided by APEX Clearing Corporation. For more information, please see SoFi Wealth LLC’s Form ADV Part 2 by clicking here for SoFi's Wealth Form ADV Part 2 A&B or by visiting www.adviserinfo.sec.gov .
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