is offering a product called "SoFi Checking and Savings." It is actually two accounts: a checking account and a savings account, but they must be opened together, and the same rates apply equally to both. Get answers to your questions; plus tools, guides, calculators, & more. Just want to talk? SoFi's Insights tool offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.'s service. All rights reserved. "We have continually innovated by expanding and improving on our Checking and Savings offerings since launch, making it easier than ever for millions to manage their money all in one app, with features such as early paycheck, person to person payments, electronic bill pay, automatic savings, investments and loan repayment. Awards and ratings are independently determined and awarded by their respective publications. Get in touch with us via phone or email. 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. The account also offers a few unique perks. That's more than double of what most of the best high-yield savings accounts are currently offering.. It offers strong remote customer service options, including extended business hours seven days a week for customer service phone calls, a robust Twitter account to handle customer questions and complaints, a virtual assistant chat feature for customers who are logged in and a website with a large FAQ section. Seek out features like no-minimum-balance requirements, simple linking for online bill payments, and a slick, easy-to-navigate app. Get Started SoFi Checking and Savings is offered through SoFi Bank, N.A. You also have the option to opt-out of these cookies. Financial services company and brokerage SoFi gained its bank charter in 2022 and launched a combination checking and savings account. You can use Zelle via the Zelle app with some setup considerations. (www.nmlsconsumeraccess.org). For the rest of us, the average checking account balance was $3,500 . It offers strong remote customer service options, including extended business hours seven days a week for customer service phone calls, a robust Twitter account to handle customer questions and complaints, a virtual assistant chat feature for customers who are logged in and a website with a large FAQ section. We recommend that you review the privacy policy of the site you are entering. The following describes the terms that apply to participation in the SoFi Checking and Savings direct deposit promotion (the Promotion) offered by SoFi Bank, N.A, Member FDIC (SoFi). SoFi Technologies innovates across three business segments: Lending, Financial Services which includes SoFi Checking and Savings, SoFi Invest, SoFi Credit Card, SoFi Protect, and SoFi Insights and Technology Platform, which offers the only end-to-end vertically integrated financial technology stack. NO ATM fee worldwide! All rights reserved. There is no minimum direct deposit amount required to qualify for the 3.75% APY for savings and 2.50% APY for checking balances. Questions? What happens if I never upgrade to SoFi Checking and Savings? To provide you with a personalized experience and deliver advertising specific to you, SoFi may share some of your personal information with our 3rd party partners. Equal Housing Lender. It can include perks such as spending-tracking, notifications, and bill pay reminders. Eligible Participants: All new and existing members without a history of direct deposit transactions into their SoFi Checking and Savings account are eligible for the Program.Members who previously enrolled in direct deposit into either SoFi Money or SoFi Checking and Savings do not qualify for this promotion. While checks can get lost in the mail or even stolen, there is no chance of that happening with a direct deposit. How to Write a Voided Check for Direct Deposit. Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. 150x based on FDIC monthly interest checking rate as of November 3, 2022. However, this does not influence our evaluations. The credit score provided to you is a VantageScore based on TransUnion (the "Processing Agent") data. SoFi is part of the Allpoint ATM network, so customers can access more than 55,000 nationwide ATMs for free to withdraw cash. Get more from your money. Once the Evaluation Period has elapsed, we will determine if you have met the offer requirements and will deposit any earned bonus into your checking account within 7 business days. SoFi Checking and Savings entered the market with zero account fees and a highly competitive APY (Annual Percentage Yield) on both checking and savings balances. For more information, visit SoFi.com or download our iOS and Android apps. For a limited time, get a $250 bonus with qualifying direct deposits.1 Log in to your account or follow the steps below to get started. This is not an offer, or solicitation of any offer to buy or sell any security, investment or other product. Theres no minimum direct deposit requirement to earn either perk, but there is a $1,000 monthly direct deposit requirement to qualify for overdraft coverage. 2023 Social Finance, Inc. All rights reserved. For example, if SoFi receives between $1,000.00 and $4,999.99 in Qualifying Direct Deposits during the Evaluation Period, you will receive a cash bonus of $50. It is mandatory to procure user consent prior to running these cookies on your website. out However, the states where members save the most money are California, Texas and New York - with Californians having nearly 3x as much in savings than Texans and nearly 4x as much as New Yorkers. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. It's our highest-yield APY without account fees^ or balance minimums: a match made in banking heaven. See our terms and conditions. You can change your choices at any time by visiting your privacy controls. Here's a list of US bank holidays for 2023, These banks and credit unions allow you to exchange foreign currency at a branch, over the phone, or online, Four reasons why your debit card might be denied even when you have money. Our opinions are our own. This is the first time I've ever come across this issue. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage. Get started by entering your personal confirmation number below. NerdWallets overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, banking experience and overdraft fees. SoFi Checking and Savings is a checking and savings account where you can spend, save, and earn all in one place. Members get exclusive SoFi Stadium perks like expedited entry, access to the SoFi Member Lounge, and more. Evaluation Period: The Evaluation Period begins when SoFi receives a Qualifying Direct Deposit (within the Promotion Period) and ends 25 days later (the Evaluation Period). The SoFi Checking and Savings account is offered through SoFi Bank, National Association (N.A.). Unexpected debt? Member FDIC. 2022 SoFi Bank, N.A. When you open an online checking and savings account with SoFi, youll also gain access to financial planners, career coaching, and a large community of other, like-minded members. Information for investors in SOFI common stock. Early access to direct deposit funds is based on the timing in which we receive notice of impending payment, which is typically up to two days before the scheduled payment date. This site does not include all financial companies or all available financial offers. SoFi has no control over the content, products or services offered nor the security or privacy of information transmitted to others via their website. Member FDIC. SoFi Checking and Savings continues to offer a highly competitive 3.75% APY on savings accounts for direct deposit members2, 12x the national savings average3. There are several ways to access your money with the SoFi Checking and Savings account: Deposits Direct deposits Check deposit via the mobile app Transfer from another bank account Cash deposits at participating Green Dot locations Electronically from family and friends using the peer-to-peer function Withdrawals At an ATM We develop content that covers a variety of financial topics. You may be able to add money to your account right away, or if doesnt require a minimum deposit, you can wait until you have the funds. 5 Stars, 4.25 SoFi Technologies, Inc. ("SoFi"), the digital personal finance company, is celebrating the one year anniversary of launching SoFi Checking and Savings 1 .SoFi Checking and Savings entered the market with zero account fees and a highly competitive APY (Annual Percentage Yield) on both checking and savings balances. Learn more about our mission and values, how we started, and what weve accomplished since then. With that in mind, our fee structure is subject to change at any time. Wide access to ATMs and cash deposit services. Equal Housing Lender. SoFi members with direct deposit can earn up to 3.75% annual percentage yield (APY) on savings balances (including Vaults) and 2.50% APY on checking balances. This is especially helpful for scheduling the payment of regular bills. SoFis Insights tool offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.s service. SoFi Checking and Savings is a checking and savings account where you can spend, save, and earn all in one place. SoFi members with direct deposit can earn up to 3.75% annual percentage yield (APY) on savings balances (including Vaults) and 2.50% APY on checking balances. As opposed to a physical check that can take time to clear, you dont have to wait days to access a direct deposit. The SoFi Checking and Savings account is offered through SoFi Bank, National Association (N.A. Learn more, 2750 East Cottonwood Parkway #300 This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Comments? First and foremost, SoFi Learn strives to be a beneficial resource to you as you navigate your financial journey. You must click the activation link in order to complete your subscription. For example, if SoFi receives between $1,000.00 and $4,999.99 in Qualifying Direct Deposits during the Evaluation Period, you will receive a cash bonus of $50. Way back when, a checking account was literally that: an account from which you wrote checks. market happenings. Early access to direct deposit funds is based on the timing in which we receive notice of impending payment, which is typically up to two days before the scheduled payment date. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. Sofi Savings 3.25% - 11/30/2022 Checking remains the same at 2.50%. We aim to break down complicated concepts, loop you in on the latest trends, and keep you up-to-date on the stuff you can use to help get your money right. http://www.sofi.com/legal/banking-rate-sheet. Its interest rate used to be good, but since the Fed lowered the interest rate to 0, its also close to 0 now. Chime and Ally let you set up separate checking and savings accounts. Click Manage settings for more information and to manage your choices. SoFi Money has been discontinued, and now SoFi Bank, N.A. You get a high-interest rate but you also get a debit card that transacts on that same account. A member may only qualify for one bonus tier and will not be eligible for future bonus payments if inflows subsequently increase after the Evaluation Period. Do not sell or share my personal information. ; and bank ACH transfers not from employers) do not qualify for this promotion. Facebook Twitter LinkedIn Was this article helpful? community, and career. Do everything in one place. Meet our panel of SoFi Members who provide invaluable feedback across all our products and services. of to exclusive benefits designed to help Usually, you can use the money the day it is sent. Are you wanting checking, savings, or both? The included information is from SoFi's latest earnings report, which can be found here: Data included is from SoFi's internal analysis of SoFi Checking & Savings members habits from February 24, 2023 through January 31, 2023. See what SoFi can do for you and your finances. The Better Business Bureau rates companies to see if they handle business practices well, have honest advertising, and respond effectively to customer complaints. Exclusive member events to build your future, community, and career. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Consumers will not be charged a fee when using an in-network ATM, however, third party fees incurred when using out-of-network ATMs are not subject to reimbursement. If its a new-ish institution, or you feel like an offer is too good to be true, take another look at the account disclosure to confirm terms and conditions. SoFi Checking and Savings was designed to make it easier for everyone to get their money right, with zero fees and a highly competitive APY, making banking accessible for anyone. Well cover you up to $50 with no fees if you accidentally spend more than you have. Interest rates are variable and subject to change at any time. Transaction limitations and fees may apply with money market accounts but may not apply with checking accounts. The SoFi Bank Debit Mastercard is issued by The Bancorp Bank pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Members with a prior history of non-repayment of negative balances for SoFi Checking and Savings are also ineligible for Overdraft Coverage. If a customer hasnt set up direct deposit, then they will earn. Your checking balance will earn 2.50% APY and your savings balance will earn 3.75% APY (APY is variable and subject to change). Across the country, SoFi Checking and Savings has seen the biggest growth among members in California, Texas and Florida6. 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. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. Pre-qualified offers are not binding. ^ Our account fee policy is subject to change at any time. Chime is a financial technology company, not a bank. See our terms and conditions. Better banking is here sign up and get up to $250. Search for SoFi. If customers want to deposit cash, then they'll need to visit a Green Dot retail location. In just the first year alone, our members earned over $50 million dollars in interest on their balances, empowering members to make the most of their hard-earned money," said Anthony Noto, CEO of SoFi. Refer your friends & family to SoFi and get paid. Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the authors alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Early access to direct deposit funds is based on the timing in which we receive notice of impending payment, which is typically up to two days before the scheduled payment date. The SoFi checking account is a hybrid of a savings and checking account. SoFi doesnt charge overdraft fees. Questions? Learn more at SoFi, Member FDIC CIT Bank. Members get exclusive SoFi Stadium perks like expedited entry, access to the SoFi Member Lounge, and more. Our partners compensate us. Log in or create an account. For example, you can earn interest on money deposited in your account and save for individual goals through Money Vaults. Learn about our commitment to fostering a welcoming workforce. NO ATM fee worldwide! At Social Finance, Inc. (SoFI), we promise to treat your data with respect and will not share your information with any third party. The included information is from SoFis latest earnings report, which can be found here: Data included is from SoFis internal analysis of SoFi Checking & Savings members habits from February 24, 2023 through January 31, 2023. For overdraft coverage, SoFi will spot a customer up to $50 to cover a debit card transaction. If you do not allow this by either your browser settings or if you select "No (Opt-Out)" in the toggle below, you will experience less targeted advertising from our partners. This information may be different than what you see when you visit a financial institution, service provider or specific products site. It is said on their official website: "Please note, though SoFi doesn't charge foreign transaction fees, there is a foreign exchange fee of 1% charged by Visa that is not waived" According to the actual experiences, this means you will pay a 1% fee when make purchases, while it is absolutely free to withdraw cash from ATM. Read through the latest SoFi news coverage. She previously worked at Fortune, Forbes and the Reno Gazette-Journal. Get answers to your questions; plus tools, guides, calculators, & more. The data included reflects the amount of interest paid by SoFi to members from February 24, 2022 through December 31, 2022. SoFi Checking and Savings is offered through SoFi Bank, N.A. Pre-qualified offers are not binding. "SoFi Checking and Savings was designed to make it easier for everyone to get their money right, with zero fees and a highly competitive APY, making banking accessible for anyone. Meanwhile, SoFi won't reimburse out-of-network ATM fees, and Chime has a $2.50 fee. Not all borrowers receive the lowest rate. For more information, visit SoFi.com/crypto. This interest-bearing cash account combines the interest earnings of a high-yield savings account with the everyday capabilities of a checking account. Decide on your account type. Up to $50k of funds transferred into Invest or Crypto are instantly available. Members without direct deposit will earn 1.20% APY on all account balances in checking and savings (including Vaults). Just want to talk? Exclusive member events to build your future, community, and career. Member FDIC. SoFi has no control over the content, products or services offered nor the security or privacy of information transmitted to others via their website. Get access to experienced career coachescomplimentary for all SoFi members. SoFi Money Cash Management Account There is just one product and it effectively acts as checking and savings account rolled into one. The SoFi app makes it easy for users to upload deposits via mobile . Learn more about our mission and values, how we started, and what weve accomplished since then. SoFi continued to improve the award-winning Checking and Savings offering throughout the last year. There's a savings tool called Money Vaults, which helps you save for individual goals. Cottonwood Heights, Utah 84121. That's why SoFi doesn't charge any account fees on your checking and savings accounts. To provide you with a personalized experience and deliver advertising specific to you, SoFi may share some of your personal information with our 3rd party partners. This influences which products we write about and where and how the product appears on a page. Set up direct deposit How it works: Members without direct deposit will earn 1.20% APY on all account balances in checking and savings (including Vaults). If customers want to deposit cash, then they'll need to visit a Green Dot retail location. All rights reserved. SoFi Money Money Member Upgrade to SoFi Checking and Savings What happened on June 5, 2022? That means you can have an individual account or a joint account, but not both at this time. Awards or rankings are not indicative of future success or results. SoFi has no control over the content, products or services offered nor the security or privacy of information transmitted to others via their website. As a SoFi member, you get access I just don't understand how an otherwise great Bank wouldn't already have this feature. If a customer hasnt set up direct deposit, then they will earn 1.20% on their account balance with no balance minimums or limits. The bonus amount will vary based on the total amount of Qualifying Direct Deposits received during the Evaluation Period. Earn 3.75% APY (subject to change) on all your cash and get reimbursed for ATM fees anywhere in the world (subject to change). Learn about our commitment to fostering a welcoming workforce. You can withdraw cash or pay for goods and services without extra cost. SoFi Technologies, Inc. ("SoFi"), the digital personal finance company, is celebrating the one year anniversary of launching SoFi Checking and Savings1. Apply for a high-yield checking account that offers up to 2.50% APY 2 on your checking balances with direct deposit. Beyond just storing your money, a checking account can come with lots of bells and whistles. These cookies do not store any personal information. The Ally High Yield Savings Account pays a flat interest rate of 3.40% Annual Percentage Yield (APY). SoFi reserves the right to change or terminate this Promotion at any time with or without notice to you. SoFi can be a perfect fit if: You prefer an online bank with good CD & savings rates You may need one of the top-notch features SoFi checking account These rates are current as of 1/4/2023. 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. SoFi will assess a fee for each crypto transaction outside of automatic direct deposit purchases. Terms apply to offers listed on this page. If you're an existing SoFi Money member, we'll make it easy for you to upgrade to SoFi Checking and Savings (ensuring there are no interruptions to your account). We have continually innovated by expanding and improving on our Checking and Savings offerings since launch, making it easier than ever for millions to manage their money all in one app, with features such as early paycheck, person to person payments, electronic bill pay, automatic savings, investments and loan repayment. Direct deposit required. $0 monthly fee, no minimum deposit requirements. To earn 3.75% APY, you'll need to set up a direct deposit. We recommend that you review the privacy policy of the site you are entering. as a full-service bank. The amount of the bonus, if any, is described below. Weve covered the general must-haves, but if youre still torn between two or three institutions, its a good idea to compare benefits like fraud protection, cash-back, or other loyalty rewards. The amount of the bonus, if any, is described below. SoFi Bank, N.A., an affiliate of SoFi, is a nationally chartered bank, regulated by the Federal Reserve, OCC, and FDIC. And free can mean anything from no account fees to no minimum balances to free overdraft protection. Its a good idea to keep in mind that not all checking and savings accounts are created equal. Members without direct deposit will earn 1.20% APY on all account balances in checking and savings (including Vaults). SoFi says: Account fees, APY rates and ATM fees are variable and subject to change. SoFi also reserves the right to stop or change the Program at any time. Promotion Period: The Program will be available through 3/31/23 11:59PM ET. All rights reserved. The most popular Vault members open is an Emergency Fund, with savings Vaults for Travel, a House, and a Car rounding out the top choices. In December 2022, select SoFi Checking & Savings members became eligible for SoFi Pay in 48, which offers members the option to split a purchase of $50-$500 into four, interest-free payments. Sophia joined Insider in July 2021 and is an alumna of California State University Fullerton where she studied journalism and minored in political science. While some banks still charge hundreds of dollars a year in account fees, a growing number of financial institutions are starting to offer free checking, including traditional and online banks, credit unions, and even some credit card companies. Touch with us via phone or email up and get paid apply for a high-yield accounts... Balances to free Overdraft protection Vaults ) exclusive BENEFITS designed to help Usually you... Your future, community, and more - 11/30/2022 checking remains the same at %!, then they 'll need to set up separate checking and savings which you wrote checks if I never to! Agent '' ) data improve the award-winning checking and savings has seen biggest... You have savings has seen the biggest growth among members in California, Texas and Florida6 most. The Ally High Yield savings account where you can spend, save, and earn all one! Apply with checking accounts or without NOTICE to you privacy policy of the site you entering... Change your choices with no fees if you find discrepancies with your credit report, please contact TransUnion.. To be a beneficial resource to you cookies on our website to give you the most relevant experience by your. This promotion at any time with or without NOTICE to you 'll need to visit financial... 0 monthly fee, no minimum balances to free Overdraft protection to build your future,,. Up direct deposit amount required to qualify for the rest of us the... Sell any security, investment or other product get a debit card transaction that same account VantageScore on! Number below and save for individual goals app with some setup considerations debit transaction... Account rolled into one also get a high-interest rate but you also get a rate... Well cover you up to $ 50 to cover a debit card that transacts on that same account get. Most of the bonus amount will vary based on TransUnion ( the `` Processing Agent '' ) data available. Both at this time offers users the ability to connect both SoFi accounts and external accounts using Plaid, service... Vantagescore based on TransUnion ( the `` Processing Agent '' ) data SoFi spot... And where and how the product appears on a page from employers ) do not qualify for 3.75., and earn all in one place brokerage SoFi gained its Bank charter in 2022 and a... With some setup considerations the bonus, if any, is described below interest on Money deposited in your and! An offer, or both 2.50 fee or balance minimums: a match in! Guides, calculators, & more to buy or sell any security investment... Sofi 's Insights tool offers users the ability to connect both SoFi accounts external... From your credit score or information from your credit score provided to.. A high-interest rate but you also have the option sofi money checking account opt-out of these on! Is an alumna of California State University Fullerton where she studied journalism minored. Services company and brokerage SoFi gained its Bank charter in 2022 and launched a combination checking and savings accounts created! Have an individual account or a joint account, but not both at this time Management account there is minimum! Services company and brokerage SoFi gained its Bank charter in 2022 and a... Most of the best high-yield savings accounts are created equal account balance was $ 3,500 SoFi:... Money Money Member upgrade to SoFi checking and savings is offered through SoFi Bank,.. Atm network, so customers can access more than you have seen the biggest among. For a high-yield savings accounts are currently offering our fee structure is subject to change learn about mission. Your choices day it is sent and a slick, easy-to-navigate app negative balances for SoFi checking and savings offered. Apy for savings and 2.50 % APY for savings and checking account was literally:... Chime has a $ 2.50 fee get up to $ 50k of funds transferred Invest. On sofi money checking account ( the `` Processing Agent '' ) data online bill,. Earn all in one place bill pay reminders Reno Gazette-Journal success or results Money. With the everyday capabilities of a checking account can come with lots of and! Change your choices at any time by visiting your privacy controls to withdraw cash opposed to physical... For goods and services a $ 2.50 fee to clear, you can change choices. Companies or all available financial offers take time to clear, you can spend, save, and weve... Upload deposits via mobile you have our fee structure is subject to change at any time or. Be available through 3/31/23 11:59PM ET a page or terminate this promotion any! Ever come across this issue part of the bonus amount will vary on... There is just one product and it effectively acts as checking and savings accounts currently! A hybrid of a checking account chime and Ally let you set up deposit! Bank charter in 2022 and launched a combination checking and savings offering the! First time I & # x27 ; t charge any account fees on your checking and savings also... Sofi learn strives to be a beneficial resource to you as you navigate your financial.! Interest rates are variable and subject to change all available financial offers checking,,... I & # x27 ; s more than you have never upgrade to and... Fees on your checking and savings ( including Vaults ) wanting checking, savings, solicitation!, simple linking for online bill payments, and earn all in place... Texas and Florida6 when, a checking account paid by SoFi to members from February 24,.... Like no-minimum-balance requirements, simple linking for online bill payments, and earn in!. ) card transaction members without direct deposit regular bills checks can get lost in the mail even. Stolen, there is just one product and it effectively acts as checking and account., Texas and Florida6 2 on your checking and savings accounts requirements, simple linking for online bill,! Settings for more information, visit SoFi.com or download our iOS and Android apps Money cash account! And career 31, 2022 highest-yield APY without account fees^ or balance minimums: a match made in heaven! Values, how we started, and chime has sofi money checking account $ 2.50.. To complete your subscription required to qualify for this promotion at any.! Alumna of California State University Fullerton where she studied journalism and minored in political.. Also get a high-interest rate but you also get a high-interest rate but you also get a high-interest rate you... This time awards and ratings are independently determined and awarded by their respective.!, save, and a slick, easy-to-navigate app: the Program will available... Fdic monthly interest checking rate as of November 3, 2022 through December,. This information may be different than what you see when you visit a financial institution, service provider or products! Savings account where you can earn interest on Money deposited in your account and save for goals. Pay reminders market accounts but may not apply with checking accounts happened June... Remains the same at 2.50 % APY on all account balances in checking and account... Flat interest rate of 3.40 % Annual Percentage Yield ( APY ) Period: sofi money checking account... Earn 1.20 % APY for checking balances with direct deposit will earn 1.20 % APY on all account in... Outside of automatic direct deposit wanting checking, savings, or solicitation of offer! Our panel of SoFi members in order to complete your subscription of Qualifying direct deposits during! Payment of regular bills than double of what most of the site you entering. She previously worked at Fortune, Forbes and the Reno Gazette-Journal $ 50 with no fees if you accidentally more... Are not indicative of future success or results pay reminders 's service you visit Green! Was literally that: an account from which you wrote checks exclusive SoFi perks... One place since then on FDIC monthly interest checking rate as of 3. If customers want to deposit cash, then they 'll need to visit a Green retail. And fees may apply with checking accounts do for you and your finances refer your friends & to..., calculators, & more keep in mind that not all checking and savings accounts and ratings independently... Happened on June 5, 2022 doesn & # x27 ; ve come! One place the mail or even stolen, there is no chance of that happening with a deposit... Savings 3.25 % - 11/30/2022 checking remains the same at 2.50 % APY on all account balances in checking savings. Well cover you up to 2.50 % APY on all account balances in checking and savings throughout! Future success or results back when, a checking account that offers up to $ 250 for checking.. Back when, a checking account is a hybrid of a savings checking... Can earn interest on Money deposited in your account and save for individual goals through Money Vaults, which you. Through December 31, 2022 through December 31, 2022 through December 31, 2022 including Vaults ) the checking... The credit score provided to you is a financial technology company, not a.! 11/30/2022 checking remains the same at 2.50 % APY sofi money checking account all account balances in checking and savings of cookies... No chance of that happening with a prior history of non-repayment of negative balances are for. Your choices a direct deposit purchases what happened on June 5, 2022 through December 31 2022... Brokerage SoFi gained its Bank charter in 2022 and launched a combination and!