Sep
13
2023
SoFi Blog
Tips and news—
for your financial moves.
Sep
12
2023
DM – HL Prospect Trigger (New)
With a SoFi Mortgage,
You’re eligible for a
$1,000 cash bonus.*
Here’s a great reason to choose SoFi for your next home
purchase or refi. Get a $1,000 cash bonus into a SoFi Checking
and Savings account once your loan is funded! Start by viewing your
rate-it takes minutes and won’t affect your credit score.†
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.†
Why SoFi
Mortgages?
Help when you need it.
Our Mortgage Loan Officers (MLOs) can guide you through the process—and we have member specialists standing by to answer any other questions.
Flexible loan options
✓ Choose from 10-, 15-, 20-, and 30-year fixed terms5-8
Simple online application.
Buying a home shouldn’t be so painful–our online application is simple, and we have dedicated Mortgage Loan Officers to guide you through the process.
Low down payment options
Down payments as low as 3% for first-time borrowers^, or as low as 5% for other borrowers.^
Private Mortgage Insurance (PMI) is an insurance that protects lenders in the event of loan default.
^ SoFi requires Private Mortgage Insurance (PMI) for conforming conventional home loans with a loan-to-value (LTV) ratio greater than 80%. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Lock in today’s rate and find the home you love.
Our Lock and Look feature² allows you to lock in your rate for 90 days while you search for the perfect place to call home.
Close. On. Time.
Guaranteed.
You deserve a more zen mortgage. Our Mortgage Loan Officers are dedicated to closing your new home purchase on time – backed by our $5,000 guarantee offer.‡
⁵ 30-YEAR Payment Example: The payment for a 30-year term, loan amount $362000.00, Rate 5.875%, LTV 80% is $2141.00 for full Principal and Interest Payments with $6030.92 due at closing. The Annual Percentage Rate is 6.117%. No prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater. Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change without notice.
⁶ 20-YEAR Payment Example: The payment for a 20-year term, loan amount $362000.00, Rate 5.750%, LTV 80% is $2542.00 for full Principal and Interest Payments with $6041.78 due at closing. The Annual Percentage Rate is 6.072%. No prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater. Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change without notice.
⁷ 15-YEAR Payment Example: The payment for a 15-year term, loan amount $362000.00, Rate 5.125%, LTV 80% is $2886.00 for full Principal and Interest Payments with $4901.48 due at closing. The Annual Percentage Rate is 5.474%. No prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater. Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change without notice.
⁸ 10-YEAR Payment Example: The payment for a 10-year term, loan amount $362000.00, Rate 5.250%, LTV 80% is $3884.00 for full Principal and Interest Payments with $5194.70 due at closing. The Annual Percentage Rate is 5.767%. No prepayment penalty. Payment shown does not include taxes and insurance. The actual payment amount will be greater. Interest rates and annual percentage rates (APRs) are for informational purposes only and are subject to change without notice.
Sep
12
2023
Sam Auto Refresh
Auto insurance
made easy.
We’ve teamed up with Experian® to help you protect your vehicle with the right auto insurance coverage at the right price.
Compare quotes now
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Get coverage that’s right for you.
-
Compare quotes
Check prices and coverage options from a network of top insurance providers.
-
Save time
Answer a few simple questions to get all your quotes in minutes, all in one place.
-
Personalized coverage
See options tailored to fit your needs and compare them to your current policy.
-
Great rates
Competitive quotes from different providers could help you save $961 a year on average.*
How it works:
How it works:
-
Personalize it.
Answer a few questions about your
home and needs. -
See your quotes.
Get offers from up to 40 top insurers
to find the best rate. -
Get covered.
Purchase your favorite policy. That’s it!
Compare quotes now
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FAQs
See all FAQs
Get auto insurance today.
Compare quotes now
Read more
Sep
12
2023
Sep
11
2023
SoFi Joint Bank Account
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A checking and savings account for you and yours.
Our joint bank account helps two adults build toward the future as a team. Pay no account fees1 and earn $50 to $300 with eligible direct deposit3.
Plus, earn up to 3.30% APY on Savings with eligible direct deposit2. Terms apply.
Open an account
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Open a joint bank account designed to help you reach your goals together.
Our joint bank account has the features you need to help secure the financial future you want.
An APY that’s 8x the national average savings rate.4
Once you set up direct deposit or add $5,000 every 31 days, you can take advantage of up to 3.30% APY.2
Make unlimited transfers.
With SoFi, there are no limits on the number of transfers you can make—and no account fees. 1
Overdraft coverage without the fees.5
If you’re short on a purchase, we’ll cover you up to $50 with no fee.
Joint account awards mean one thing.
You’re sharing a really, really good bank account.
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Simply better together.
Savings and checking together just makes sense. Opening a joint savings account with SoFi means you’ll get a joint checking account too, and vice versa. You’ll earn up to 3.30% APY on your shared savings account with eligible direct deposit. Terms apply. You’ll also earn up to 0.50% APY on your shared checking account2. Terms apply. Plus, both account holders can receive their paychecks up to two days early with direct deposit.6
Open an account
{/* Joint account or individual account? */}
JOINT BANK ACCOUNT
Joint account or individual account? Have it both ways.
You asked for it, so you got it! In the coming weeks, every SoFi Checking and Savings member will have the option to hold both an individual and joint account. This is just one of many upgrades to come as we make our award-winning banking better for families, so stay tuned.
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Experience 8x the national average savings rate with no minimum balance.
Our joint bank accounts come with up to 3.30% APY on savings when you set up eligible direct deposit or add $5,000 in qualifying deposits every 31 days2. Terms apply. That means you’ll earn more interest in five weeks than you would in a year with a big bank. Plus, there are no maintenance or transfer fees.1 Start banking better, together, today.
Open an account
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Our benefits are big enough to share.
When you set up a joint banking account, you and your partner both get in on all that SoFi has to offer.
There are no account fees1 or minimum balances.
We don’t charge maintenance fees or require minimum balances on joint bank accounts.
Get paid up to two days early.6
By setting up direct deposit, both account holders can receive their paychecks up to two days early.
Meet your joint savings goals with Vaults.
SoFi Vaults give account holders the chance to save money toward a specific goal. Whether you want to save up for a vacation or a future wedding, Vaults can help.
Manage everything through the app.
Through the SoFi banking app, account holders can easily log in to check their balance, make deposits, transfer money, and receive helpful insights.
Earn more on debit card purchases.
Up your savings with Roundups. Each debit card purchase will be rounded up, and the remainder will be added to a savings Vault of your choice.
Access 55,000+ fee-free ATMs.7
Use your SoFi Debit Card anywhere Mastercard is accepted, and get access to over 55,000 ATMs without extra fees.
{/*How to set up a joint bank account with sofi*/}
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Provide the basics.
Answer a few questions on our website or mobile app. It should take 60 seconds or less.
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Add a joint account holder.
We’ll send your partner an application to fill out. Once they complete it and you approve it, they’ll become a joint owner of the account.
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Set up direct deposit.
Set up eligible direct deposit to unlock the best of SoFi, like up to 2-day-early paycheck6, no-fee overdraft coverage5, and an up to a $300 cash bank bonus!3 Terms apply. More information here.
-
How to set up a joint bank account with SoFi.
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Meant to be.
Are you two ready to take the next step? Open a joint bank account online to get started today!
Open an account
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FAQs
A joint bank account gives designated account holders complete and unlimited access to the account. Account holders can contribute, withdraw, and transfer money to and from their shared checking and savings accounts.
Learn more: What Is a Joint Bank Account?
With SoFi, it’s easy to add anyone to your account. Simply visit your Checking and Savings dashboard, go to “More,” and select “Joint account holder.” The person you choose will receive an invitation, complete an application, and then you will need to approve their access.
You must be 18 years or older to apply for a joint bank account with SoFi.
Once you open a joint account with SoFi, you’ll need to wait at least 7-10 business days for your debit card to arrive.
Combining two individual accounts into a joint account is currently not possible. Instead, the primary account user must send the secondary account user an invitation to create a new profile. Once they accept the invitation, the second user will be added to form the joint account.
As long as you have monthly direct deposits of at least $1,000, you will have overdraft coverage of up to $50 total.4 However, if one account holder disables overdraft coverage, it will affect the other user.
Both SoFi joint bank account holders receive FDIC insurance up to $250,000, for $500,000 in total coverage.1 SoFi Checking and Savings members can get additional FDIC insurance up to $3M by enrolling in the SoFi Insured Deposit Program. The total amount of FDIC insurance for your account under this program is limited to $3M.6
Yes! All SoFi Checking and Savings members can now hold both an individual and joint account.
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More resources on joint bank accounts
Read more
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