Earn high interest on all your cash* and pay no account fees with a SoFi Money® debit card. Trade stocks and ETFs commission free with SoFi Invest®.
SoFi Personal Loans, Student Loan Refinancing, and Home Loans all have competitive rates and no hidden fees. Achieving your ambitions is easier than ever with SoFi. Tell us your financial goals and we’ll help you Get Your Money Right®. Here’s how:
---SoFi Money: save, spend, and earn—all in one product.
• Earn high interest on all your cash.*
• Pay zero account fees. No annual, transactional, overdraft, or other account fees.*
• Use any ATM that accepts Visa® and we’ll reimburse the fees.*
*We work hard to give you high interest and charge no account fees. With that in mind, our interest rate and fee structure is subject to change at any time. See our terms and conditions at sofi.com/legal.
---Invest: Stocks, crypto, and automated investing—all in one place
• No fees and no account minimums to invest in stocks and ETFs
• Get a piece of popular stocks starting at $1 with Stock Bits
• Buy and sell Bitcoin, Litecoin, and Ethereum
• Discover trending stocks, ETFs, and cryptocurrencies
• Automated investing for a hands-off approach
---Loans: we’ve funded over $40 billion in loans. You can check your rates in two minutes.
• Personal loans for what you need—and when you need them. Fund a home renovation or consolidate credit card debt. Servicing is now in app!
• SoFi is the leading student loan refinancing provider. You can save thousands on your student loans.
--Relay: connect your accounts and see everything in one place.
• Track your spending and find ways to save in real time.
• Set multiple goals. Talk one-on-one with a financial planner to set ambitious goals for your money and your life.
Are you an existing SoFi member? Keep track of your existing loans, apply for new accounts, get access to exclusive experiences, and connect with other members of the SoFi community.
Investments products: ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE
SoFi loans are originated by SoFi Lending Corp. and not all products are available in all states. Additional terms, conditions, and state restrictions apply; See https://www.sofi.com/eligibility for details. Licensed by the DBO, CFL#6054612. NMLS#1121636 (nmlsconsumeraccess.org).
We offer no guarantee that specific investments and strategies will be suitable or profitable. SoFi Relay, financial planning and automated investing via SoFi Wealth LLC, a registered investment advisor. Brokerage services via SoFi Securities LLC, registered broker dealer and member FINRA/SIPC.
Risk is a natural part of investing—and crypto, due to its volatility, carries a higher degree of it. FINRA, the SEC, and the CFPB have issued public advisories concerning this. SoFi Crypto via SoFi Digital Assets, LLC, a FinCEN registered Money Service Business.
SoFi Money is a cash management account not a bank account, and is offered through SoFi Securities LLC. The SoFi Money account is a brokerage account. Neither SoFi nor its affiliates is a bank.
SoFi doesn’t charge any ATM fees and will reimburse ATM fees charged by other institutions when a SoFi Money™ Visa® Debit Card is used at any ATM displaying the Visa®, Plus®, or NYCE® logo. SoFi reserves the right to limit or revoke ATM reimbursements at any time without notice.
The SoFi Money Visa® debit card is issued by Wilmington Savings Fund Society. Visa is a registered trademark of Visa International Service Association and is used pursuant to a license from Visa U.S.A. Inc.
SoFi. 2750 East Cottonwood Pkwy, Suite 300, Salt Lake City, Utah 84121
© 2019 Social Finance, Inc. All rights reserved.
We've made a bunch of bug fixes and improvements to help get your money right. It all adds up. Something else you'd like to see? Tell us more at email@example.com
Ratings and Reviews
Growing pains but well worth it
So, I am shifting all of my money away from my big name bank (after all, it seems a little archaic to be banking with a company that uses a horse-drawn carriage as their mascot). First, I will say that SoFi is not perfect. I have had to call their support several times through the setup process due to nuances in their systems, getting a joint account holder approved, ect. However, in my experience, the customer service is phenomenal. Thus, any of the issues that I have experienced has been taken care of swiftly and without compromise. Additionally, the benefit of having my banking (SoFi money), investing (SoFi Investing), and loan options all in one place is very useful. I am a medical student, so I hope to refinance my loans through SoFi once I go to residency. To summarize, SoFi is not perfect. It seems they are experiencing some growing pains. However, they have adequate staffing to face these growing pains. I will also say that they walk laps around the other banking companies out there (even some of the other “new” startups). Also, the app is clean cut and simple to use. I greatly appreciate SoFi!
Developer Response ,
Hi Mossonarock - Thanks for your clear and honest review. We’re continuously working on new features and functionality, so stay tuned for more updates in the coming weeks. Thanks for being a SoFi member.
Really convenient and great bank
I was hesitant to move my money to a bank just starting out, but after making the move, I was really glad that I did. The interest rates are way higher than what I had before (Wells Fargo). Moving money to the investing services is around 2 clicks. You just transfer money from your bank account to SoFi Invest and then choose the dollar amount that you want invested into SPY or any other popular stock or etf. I do wish that they allowed instant buying/selling of shares (like Robinhood, WeBull, etc) but trading isn’t really the point of SoFi, it’s for long term investments. The fractional shares do work as advertised and are really interesting. They also have money vaults that are way more convenient than having separate checking accounts. I did have to contact support once and they were very helpful and had no issues. The free ATMs really work as well. They instantly send you reimbursement for any ATM fees. The debit card works like a charm as well.
Developer Response ,
Thanks for the great review and for being a member. So glad you're continuing to have a great experience! :)
Love it, but I’d like to see more!
I have been using SoFi for about a month now, and I LOVE IT. Being able to see where my money is going, learning more about investing, and having a ton of tools to help me as I learn financial independence as a college student is really helping me to get smart about my money and spending. I do feel like there are a few more tools that could be added to improve the budgeting aspect of this app. For instance, a round-up tool that could round up the remaining change in your purchases, to go toward stock or savings would be extremely beneficial. I’d also love if there was a way to create little secondary pots of money for me to allocate toward certain bills, like a separate pot for rent or my phone bill that I could accumulate separate from my checking account, and then move over to my checking once the bill is due, to prevent over spending (perhaps even an auto-transfer). All in all, I understand that this app is still growing and fine tuning what is already presented, but I would love to see these additional features added!
Developer Response ,
Thank you for great suggestions. We can certainly pass this along as a suggestion for improvement to see if it is something that may be offered as a feature in the future. You also have the ability to send your feedback and suggestions for improvements to our Money Team directly through the FEEDBACK option located within your Mobile App!
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