Trade stocks, shares, cryptocurrency and ETFs with SoFi Invest®. Pay no account fees and earn cash back rewards when you spend on your favorite brands with a SoFi Money® debit card.
SoFi Personal Loans, Student Loan Refinancing, and Home Loans feature competitive rates. Tell us your financial goals and we’ll help you Get Your Money Right®. Here’s how:
---Invest: Stocks, crypto, and automated investing—all in one place
• No trading fees or commissions, & no account minimums to invest in stocks
• Get a piece of popular stocks starting at $1 with Stock Bits
• Buy and sell Bitcoin, Litecoin, and Ethereum
• Discover trending stocks, ETFs
• Automated investing for a hands-off approach
---SoFi Money: save, spend, and earn—all in one product.
• Pay zero account fees. No annual, overdraft, or other account fees.*
*We work hard to give you cash back rewards 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.
---Loans: You can check your rates and apply all online or in our app.
• 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 when you refinance your student loans.
--Relay: connect your accounts and see everything in one place.
• Track your spending and find ways to save in real time.
Investments products: ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE
SoFi Money® is a cash management account, which is a brokerage product, offered by SoFi Securities LLC. Member FINRA/SIPC. Neither SoFi nor nor its affiliates is a bank.
SoFi loans are originated by SoFi Lending Corp. and not all products are available in all states. Additional terms, conditions, and state restrictions apply; https://www.sofi.com/eligibility for details. Licensed by the DFPI, 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 isn’t endorsing, and is not affiliated with the brands or companies displayed. Active investing via SoFi Securities LLC, member FINRA/SIPC, IN19-1324
Stock Bits is a brand name of the fractional trading program offered by SoFi Securities LLC. You are granting SoFi Securities discretion to determine the time and price of the trade. Fractional trades will be executed in our next trading window. The execution price may be higher or lower than it was at the time the order was placed.
We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You 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. SoFi’s ATM policies are subject to change at our discretion at any time.
The SoFi Money® World Debit Mastercard® is issued by The Bancorp Bank pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
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Ratings and ReviewsSee All
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.
I joined SoFi initially because of the high interest available on the savings account. After going I opened up an active investing, and auto investing and a Roth IRA account because it was slick and easy to use. I have since realized it's easy to put money in, not easy to take money out. I decided I wanted more control over my investing so I attempted to liquidate my Auto Investing account and move it into my money account, it initiated a sell of all my positions on February 4th with the money sent to my SoFi savings account. The invest account shows as "completed" finally on the 6th with all my positions sold and gone from that account but they are not in my savings account. That can take an additional 3 days which means this entire process is going to take an entire week with the weekend in the middle. And, to just like on more, the ability to cancel auto deposits to any of your SoFi accounts does not work from the web, clicking the cancel button does nothing, you literally have to use the app or you can't cancel auto deposits. It's obvious SoFi is far to "young" in the financial space and has a long way to go before I could ever recommend them for any service. Oh, and the savings rates have dropped drastically so that account isn't worth keeping open either.
Developer Response ,
Thank you for taking the time to provide us with your feedback. The timeframe normally takes about 3-5 business days to complete an Invest withdrawal because proceeds from selling stock will settle in your brokerage account two business days after the sale. After that, withdrawals from your brokerage account may take 1-3 business days to reach your linked bank account. We'll be sure to take your feedback into consideration to see how we can improve this process. Regarding the issue if being unable to cancel your auto deposits from the web, can you please email us at firstname.lastname@example.org with more information so we can look further into that?
So far, so good!
I have been using this bank as a Christmas fund and not an everyday checking. I have put about $300 so far in about 2 1/2 months of having it and have almost gained $0.25! You will never see this in any other checking! Since I haven't used this for a normal checking, I haven’t fought with overdraft fees or any of that, but to watch my money grow as a Christmas fund is absolutely amazing and so much fun. This is better than a CD or mutual fund because there is no maturity date or anything of that sort to wait for, so I can pull the money out as I please. I have also talked to customer service and they have been very polite and willing so get all the answers I have asked about. I also havent run across anyone that seems to want to just push you off the phone and count you as another number. (Ex: I got 42 calls today. How many did you get?) This has been great in the almost 3 months and I have no complaints.
Developer Response ,
Thank you so much for the honest feedback! We are so glad that you are enjoying your SoFi Money account! We love hearing from our Members and the experiences they have with our products and services!
With Family Sharing set up, up to six family members can use this app.