EXCLUSIVE PARTNER

Build your first
$100K with SoFi—

the exclusive banking partner of

first 100k

first 100k

SoFi Checking and Savings offers up to 4.00% APY*, no account fees^, and up to $300 with direct deposit that—along with Her First $100K's advice!—can help you reach your goals.

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Her First $100K and SoFi— a match made in money heaven.

SoFi’s goal is to help our members get their money right. That’s why we’re partnering with Her First $100K to create the best experience for financial feminists.

Supercharge your savings by earning up to 4.00% APY.*

Here’s an HFK approved savings-building strategy: Earning 4.00% APY on your cash with your SoFi savings account and Vaults.

Jumpstart your first $100K
with a $300 bonus from SoFi Checking and Savings.

Sign up and set up direct deposit.

Wait for your direct deposit to hit your account (typically 2-4 weeks).

Collect a cash bonus of $50 to $300 depending on your direct deposit amount.

How else can we help you meet your money goals? We've got a few ways.

Open an account

No account fees^

No overdraft fees. No minimum balance fees. No monthly fees. Plus, 55,000+ fee-free ATMs within the Allpoint® Network.1

%

Up to 4.00% APY1

Members with direct deposit can earn 4.00% APY on their savings and Vaults balances, and 0.50% APY on their checking balances.

Up to 2-day-early-paycheck

Feel the magic of payday up to two days earlier—automatically—when you set up direct deposit.

No-fee Overdraft Coverage

Overspent by accident? No problem. You'll be covered up to $50 with no fees with direct deposit of at least $1,000.4

Do it all in one app.

Pay bills, deposit checks, send money, manage your digital wallet, and get live customer support 7 days a week, all in the SoFi app.

Automatic saving features

Organize your money, set savings goals, and save your change with Vaults and Roundups.

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Mobile-first for our digital-first friends.

Managing your finances all-in-one-app is as easy as following your financial feminist online. Securely log in to to pay bills, find ATMs, send money, make a mobile deposit, and more.

Open an account

Open an account

Mobile-first for our digital-first friends.

Managing your finances all-in-one-app is as easy as following your favorite financial feminist online. Securely log in to pay bills, find ATMs, send money, make a mobile deposit, and more.

Open an account

Open an account

FAQs

An online bank account conveniently allows you to manage your accounts from your computer or mobile device. This includes sending money, depositing checks, paying bills, and everything you’d normally do at a physical branch. Because SoFi does not have any physical branches, we’re able to pass those savings to our members!
Opening an account is quick and easy. All we need are a few pieces of information such as name, home address, and Social Security number. In some cases, we may need additional documentation like a copy of your driver’s license, and/or a current photo ID to verify your identity.
Of course. Anyone over 18 can open an individual or joint online bank account. In fact, we have some special offers for students (must have an .edu email address to qualify).

Learn more about our Student Bank Account.
Nine in 10 SoFi members agree—setting up direct deposit is easy.** Simply download this pre-filled form, sign it, and submit it to your employer’s payroll department. Simple as that! Alternatively, if your employer has an HR portal that allows you to set up direct deposit by inputting your account number and routing number, you can get those here.

Learn more: How to Set Up Direct Deposit
Members with direct deposit can earn 4.00% APY (annual percentage yield) on savings balances and 0.50% APY on checking balances. That's more than 9x the national average savings rate! Members without direct deposit can earn 1.20% on savings balances and 0.50% on checking balances.
When you set up direct deposit into your account, you are trusting your paycheck with us. We want to repay that trust by making sure that we give you the best of what SoFi has to offer, including up to 4.00% APY (annual percentage yield)1, plus features like No-Fee Overdraft Coverage2 and up to 2-Day Early Paycheck.
SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per legal category of account ownership, as described in the FDIC's regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $2M through participation in the program. See full terms at sofi.com/banking/fdic/terms/. See list of participating banks at sofi.com/banking/fdic/receivingbanks.
SoFi makes it easy to both withdraw and deposit money. To withdraw, simply visit any of the 55,000 Allpoint ATMs (more locations than Chase, Wells Fargo, and Bank of America combined!). You won’t pay any fee as long as you visit one of these ATMs. In order to deposit money, simply visit a retail location that offers GreenDot services.

Learn more: How to Deposit Cash at an ATM
There is no minimum balance required to open a SoFi Checking & Savings account. There is also no minimum direct deposit minimum required to earn the highest APY on your accounts. For more information about the direct deposit cash bonus offer, please visit sofi.com/banking.

Learn more: How Much Money Is Needed to Start a Bank Account?
You must be 18 years or older to open an individual or joint account.

Learn more: How Old Do You Have to Be to Open a Bank Account?
When you sign up for a SoFi online bank account, you will receive both a checking account and a savings account. Once you set up direct deposit, you can earn 0.50% APY on checking and 4.00% on savings (including Vaults)! We do not currently offer standalone checking or savings accounts.
Yes. As long as you have Overdraft Protection enabled, we’ll automatically pull from your available savings balances in the event that your checking balance is insufficient. Overdraft protection covers ACH withdrawals (bill pay, loans, P2P), checks and debit card transactions. Note that overdraft protection will not pull from your Vaults. To turn on Overdraft Protection, open the SoFi app, tap More > Overdraft and toggle the feature on.
No, there are no current limits on saving withdrawals or transfers between checking, savings and Vaults.
Nope! You can direct deposit into your checking or savings account and still take advantage of the 4.00% APY.
There is not currently a maximum on the 4.00% APY for savings or Vaults.
We’re proud to say that banking with SoFi has no account fees and no service charges—and we’re working hard to keep it that way.^ There are no fees on overdraft, account open, minimum balance, dormant account or regular maintenance. We also offer no ATM fees at 55,000+ Allpoint ATMs worldwide.1 Check out a full list of fees and service charges here.

Jumpstart your first $100K journey with
SoFi Checking and Savings.

Open an account