SoFi Money vs Acorns Spend

There are a lot of options when it comes to money management apps and it can be overwhelming deciding which one is right for you. We’ll help break it down for you. Below you’ll find a comparison of SoFi Money and Acorns Spend—so you can see how we stack up against some of the competition.

SoFi Money

Acorns Spend

Account TypeBenefits of checking and savings all in oneChecking account where you can save and invest
Interest Rate2.25% APY*0% APY
FeesNo account fees*$3/month fee for checking account
SecurityFDIC insured up to $1.5 million* plus added security measures in place to detect fraudFDIC insured up to $250k plus added fraud protection
ATMsUse any ATM worldwide for free*Use any ATM worldwife for free

Information accurate as of 5/22/19 accessed via

Let’s take a look at some of the key differences between SoFi Money and Acorns Spend.

Account Type

SoFi Money is unique in that you get the best of checking and savings, all in one account. That means you earn interest on all your cash like a savings account—but can access and spend your money with no account fees or restrictions like a checking account. Acorns Spend is a hybrid checking and savings account.

Interest Rate

SoFi Money earns you 2.25% APY on all your cash. Acorns Spend doesn’t earn any interest.


Both SoFi Money and Acorns Spend let you access any ATM in the world for free.


When it comes to security, SoFi Money is FDIC insured up to $1.5 million—whereas Acorns Spend is only FDIC insured up to $250k.


SoFi Money account holders get access to exclusive benefits like career coaching, financial planning, member events, and more—all at no added cost. Acorns Spend account holders get real-time roundups, found money program, and an ATM finder.

Get More From Your Money

Ready to break up with your bank? Start earning 2.25% APY on all your cash, get free access to ATMs worldwide, and never pay account fees. It takes just 60 seconds to open a SoFi Money account.

Get SoFi Money

SoFi Money®
SoFi Money is offered through SoFi Securities LLC, member FINRA / SIPC .
Neither SoFi nor its affiliates are a bank.

ABOUT SoFi SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing, and protecting give our more than half a million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. For more information, visit Want an easy and convenient way to manage your financial life? Get the SoFi app. For iOS and Android.

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