Why won’t eligible deposits grant me access to SoFi Plus benefits after March 30, 2026?

We are evolving SoFi Plus into an exclusive, paid membership to unlock even better rewards and unique benefits for Plus members. As part of this, we are updating how you qualify for SoFi Plus.

What is NOT changing?

•  Your current high APY is NOT changing: You will still earn high APY on your savings and Vaults balances with eligible direct deposit or $5,000 or more in qualifying deposits every 31 days. To see your current APY, visit your APY details page in the SoFi app or website.

•  Your current lending discount benefits are NOT changing: You will still earn discounts on a Personal Loan, Student Loan Refinance, Parent Student Loan, Mortgage Loan, and Home Equity Loan with eligible direct deposit or $5,000 or more in qualifying deposits every 31 days.

What is changing?

•  Starting March 30, 2026, you will need to pay a $10/month SoFi Plus subscription fee to access SoFi Plus benefits.

◦  It gives you immediate access to exclusive new benefits like:

▪  5% cash back rewards at grocery stores with the new Smart Card, offered by SoFi Bank.

▪  2% match on recurring IRA deposits, offered by SoFi Invest.

▪  20% off federal filings with TurboTax.

◦  To view the full list of SoFi Plus benefits, log in to your SoFi account in the app or on the website. Then, select the Plus icon at the top of your Home page or go to your Profile icon > Membership & Rewards.

◦  As a reminder, a SoFi Plus subscription will NOT be required to keep earning a high APY on your savings and Vaults balances or receiving lending discounts.

•  Members who meet the following eligibility criteria will receive complimentary access to all SoFi Plus benefits through March 30, 2026:

◦  Making an Eligible Direct Deposit into a SoFi Checking and Savings account every 31 days

◦  Making $5,000 or more in Qualifying Deposits into a SoFi Checking and Savings account every 31 days