SoFi - Banking & Investing 4+

Bank, Borrow & Invest

Social Finance, Inc

    • Free

Screenshots

Description

Upgrade your summer travel with up to $300 on us. Plus, up next year’s travel by earning high APY on your savings. Bank, borrow, budget, and invest- all in one app.

Why do over 8M members love SoFi?

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HIGH-YIELD MOBILE BANKING
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• High APY and zero account fees
• 55,000+ free ATMs nationwide
• Get paid up to 2 days early with direct deposit*
• FDIC insured to $250,000

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SMART INVESTING
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• Stock and ETF trading without commission
• Exclusive access to IPO investments
• Start investing with just $5 in fractional shares
• Automated investing options available
• Get up to $1,000 in stock when you open and fund an active invest account

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POWERFUL BUDGET TRACKER
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• Connect all accounts for a complete financial view
• Set and monitor custom savings goals
• Categorize and analyze spending habits
• Receive bill payment reminders
• Credit score monitoring and updates

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LOW-RATE LOANS & CREDIT
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• Competitive personal, student, and home loans
• 2% cash back rewards credit card, 3% on SoFi Travel
• Build credit while earning rewards
• Check loan rates without affecting credit score†

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MORE MOBILE BANKING FEATURES
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• Instant bill pay and peer-to-peer transfers
• Mobile check deposit
• Complementary 1-on-1 sessions with financial planners
• Manage digital wallet and contactless payments
• Bank-level security with multi-factor authentication

Support: Call (855) 456-SOFI (7634) or chat with us online at https://www.sofi.com/contact-us/

*Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.

†To check the rates and terms you may qualify for, SoFi conducts a soft credit pull that will not affect your credit score. 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.

One app for all your financial needs: bank, invest, borrow, and budget. Boost your savings, start investing, and take control of your finances today.

Download SoFi now to bank, invest, and budget smarter!

What’s New

Version 3.11.2

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 mobilesupport@sofi.com.

Ratings and Reviews

4.8 out of 5
344.9K Ratings

344.9K Ratings

jwengwis ,

Some suggestions

This is a great app! I plan on moving my wife and I’s direct deposits here. However, I did have a couple of suggestions.

1. Please add scroll-to-top functionality for clicking at the top of the screen. 2. Separate all of the SoFi articles and such either into a separate tab or separate area. Most people want the “home” of their finance app to just be account overviews and such. Not a barrage of articles and suggestions. Also, every time the app is opened, it loads all of this stuff which is probably slowing it down a bit. 3. Add the ability to remove some of the “Accounts” at the very top of the Home tab. Such as life insurance (which I already have through my employer) and Student Loan Refi. 4. Refine the ability to create and maintain budgets. I’d even be willing to pay for this feature if it is refined enough. Monarch is able to charge $100/year for their budgeting app. By refine, I mean: a.) Add other connection options (Plaid is the main one, but doesn’t work with some providers). An example of one I’ve seen in Monarch is MX. b.) Make it so that reoccurring charges can be added/modified/maintained. Currently, they can only be recategorized. And it’s not picking up on my monthly mortgage payment from what I can tell as well as one of my utility bills. c.) Add the option to view all daily/monthly/yearly reoccurring charges at once. Currently, “reoccurring activity” only allows you to add or manage accounts. Pretty useless in my opinion as it is right now.

Developer Response ,

Thanks for this review, it's very helpful. We're continuously working on features and functionality to help you get your money right, so stay tuned for more updates in the coming weeks. Thanks for being a SoFi member.

MoneyMagnet8 ,

Some Suggestions

I am currently trading in 7 platforms right now. SOFI is my second favorite platform. I came back today in Sofi to add more money to my IRA and noticed that some stocks that I have I am not able to buy it anymore. I can only sell it but then I realized why I can’t buy it anymore. Sofi actually trying to help me to not keep losing money to those stocks that became penny stocks and then later on do a 1 to 25 - 1 to 100 reverse split. Thank you sofi for saving me. 😁. I do have couple suggestions though since I have invested quite an amount here and trade. First suggestions: If SOFI could add a modification like modifying an order the amount or the price without cancelling it. It is a hassle to cancel and then redo the order. Maybe try a simple button or something that we can modify an order quicker without canceling? You know what I mean? 😁 I always have issues when I am trying to change and especially when the price went low and wanted to buy the stocks low or even trying to sell it as well. I ended up missing the opportunity on buying it when it is really low and then selling it when it is really high because you have to cancel the entire orders instead of just pressing something to modify it. Second suggestions: If Sofi make a way that we can name our watchlist by category etc… between the 2 suggestions I prefer the first one that I can modify my orders without canceling the entire orders. Other than that SOFI is a great platform and I like it.

Developer Response ,

Thanks for the review. This is very helpful. We’re sorry that you’re running into this issue. Please email Mobilesupport@sofi.org and our team would be happy to help. Include your usertag and “App Review” in the subject line. Thanks for being a SoFi member!

emeza1 ,

Easy navigation . Literally all my $ finances in one place.

I downloaded SoFi initially to check refinance rates for my car. Stayed for the awesome interface and services. I love that im able to track all my finances in one place. The value of my home, the balance on my robinhood, fidelity, and Bank of America accounts. My credit score. My credit card debts. All my reoccurring auto payments . It’s all here in one place on one screen. It’s incredible to see all your net worth all in one place. I received free money for opening an investment account with SoFi , so opened one as well, why not? Brokerage interface is easy to use as well. Unlike robinhood , it has a very “social media” vibe. You can add friends just like on Facebook and follow what trades they make and what positions they hold in their portfolios. There’s updated news/articles/ educational material regarding anything you’re interested in. This doesn’t feel like a banking app, it’s truly addictive like a social media app. I haven’t opened a checking or savings account with SoFi yet. It says they’re offering 1.25% apy for these accounts if you direct deposit. I don’t think I’ve ever seen any bank with that rate. I need to look more into it if there’s fine print , but it’s definitely where I’d rather park ny savings money instead of collecting dust at Bank of America . Overall a fun app. Can’t wait to see what other features get added on.

App Privacy

The developer, Social Finance, Inc, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Linked to You

The following data may be collected and linked to your identity:

  • Purchases
  • Financial Info
  • Contact Info
  • User Content
  • Identifiers
  • Usage Data

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Location
  • Contacts
  • Usage Data
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

Supports

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