Everyone deserves up to 3.80% APY and up to $300 with direct deposit.¹

Reach your money goals by opening a SoFi Checking and Savings account today!

Open an account

Better banking can
fast track your money goals.

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No account fees²

No overdraft fees. No minimum balance fees. No monthly fees.

Up to 3.80% APY¹

Members with direct deposit can earn 3.80% APY on their savings balances.

Up to 2-day-early-paycheck³

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

No-fee overdraft coverage⁴

Overspent by accident? No problem. You'll be covered up to $50 with no fees with qualifying direct deposits.

Automatic Savings Features

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

Additional FDIC coverage⁵

Access additional FDIC insurance up to $2M on deposits through a seamless network of participating banks. Learn more and opt in here.

Accelerate your savings by earning up to 3.80% APY.¹

Here’s a Your Rich BFF approved way to build your savings: Earning 3.80% APY on your money in your SoFi savings account and Vaults.

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richer lives

richer lives

richer lives

I’m sitting down with inspiring guests to ask them everything you’ve ever wanted to know about their careers, ambitions, and finances. Tune in on YouTube to watch these conversations that will teach you how to use money to live your best life!

Watch and subscribe

Watch and subscribe

Psssst, here are some more
money secrets for my BFFs.

(aka even more benefits included with better banking.)

Financial Planning

Personalized advice from credentialed advisors, even if you're not rich-yet.

Financial Insights

Keep tabs on your money by connecting and viewing all of your accounts in the SoFi App.

Member Rewards⁷

Because SoFi and I believe you deserve a little treat for meeting your money goals.

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Paid promotion. Vivian Tu is a paid promoter of SoFi Bank, N.A.’s deposit and lending products. SoFi pays Vivian Tu a fee for her appearance on this program, plus a fee for each person who selects the links in the show notes, reaches SoFi, and opens a SoFi bank account. The receipt of this compensation creates a conflict of interest because the promoter has a financial incentive to promote SoFi Bank, N.A.’s deposit and lending products. Vivian Tu and and her associates are not affiliated with SoFi Bank, N.A.’s deposit and lending products and are not authorized to provide advice on behalf of SoFi Bank, N.A.’s deposit and lending products.

SoFi Checking and Savings is offered through SoFi Bank, N.A. Member FDIC.

When you open a SoFi Savings Account, SoFi Bank will also automatically open a SoFi Checking Account in your name. See the SoFi Bank Deposit Account Agreement for details.

¹†

The following describes the terms that apply to participation in the SoFi Checking and Savings direct deposit promotion (the “Direct Deposit Promotion”) offered by SoFi Bank, N.A, Member FDIC (“SoFi”).

Eligible Participants:
All new and existing members without any history of direct deposit transactions into their SoFi Checking and Savings account are eligible to earn a cash bonus of either $50 OR $300 under the Direct Deposit Promotion. Members who previously enrolled in direct deposit into either SoFi Money or SoFi Checking and Savings, whether currently still enrolled or not, do not qualify for this Direct Deposit Promotion. Bonuses are limited to one per SoFi Checking and Savings account. In the case of a joint account, only the primary account holder (the member who signed up first) is eligible for a bonus. Member must have an open SoFi Checking account in good standing at the time of the bonus payment.

Promotion Period:
The Direct Deposit Promotion will begin on 12/7/2023 at 12:01AM ET and end on 1/31/2026 at 11:59PM ET.

Bonus Terms:
In order to qualify for a bonus of either $50 OR $300, SoFi must recognize receipt of at least one Eligible Direct Deposit (as defined below) from an Eligible Participant, the first of which must be before the end of the Promotion Period. The amount of the bonus, if any, will be calculated during the Direct Deposit Bonus Period as described and defined below.

Eligible Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Eligible Direct Deposit”) via the Automated Clearing House (“ACH”) Network.

Although we do our best to recognize all Eligible Direct Deposits, a small number of employers, payroll providers, benefits providers, or government agencies do not designate payments as direct deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. After SoFi validates the details of your Eligible Direct Deposit, your Direct Deposit Bonus Period will be treated as having started on the date we receive your first Eligible Direct Deposit.

Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g. IRS tax refunds), do not constitute Eligible Direct Deposit activity. SoFi Bank shall, in its sole discretion, assess each account holder’s Eligible Direct Deposit activity to determine eligibility and may require additional documentation to complete this verification.

Direct Deposit Bonus Period:
The Direct Deposit Bonus Period begins when SoFi receives an Eligible Direct Deposit of $1 or more within the Promotion Period and ends 25 calendar days later (the “Direct Deposit Bonus Period”), subject to the Bonus Terms. For the avoidance of doubt, the Direct Deposit Bonus Period shall not extend beyond the Promotion Period.

Bonus Amount:
The bonus amount will vary based on the total amount of Direct Deposits received during the Direct Deposit Bonus Period.

Total Direct Deposit Amount Received During Direct Deposit Bonus Period	Cash Bonus Tier
$1.00 - $999.99	$0
$1,000.00 - $4,999.99	$50
$5,000.00 or more	$300

Once the Direct Deposit Bonus Period has elapsed, SoFi will determine if you have met the offer requirements and will deposit any earned bonus into your checking account within seven (7) business days. For example, if SoFi receives between $1,000.00 and $4,999.99 in Eligible Direct Deposits during the Direct Deposit Bonus Period, you will receive a one-time cash bonus of $50. A member may only qualify for one bonus tier and will not be eligible for future bonus payments if Eligible Direct Deposits subsequently increase after the Direct Deposit Bonus Period.

Bonus Payment Timeline:
SoFi will credit members who meet qualification criteria within seven (7) business days of the end of the Direct Deposit Bonus Period.

Tax Reporting:
Bonuses are considered income and may be reportable on IRS Form 1099-INT or Form 1042-S as applicable.

Other Important Details:
SoFi reserves the right to exclude any members from participating in this Promotion for any reason, such as suspected fraud, misuse, or suspicious activity. Sofi also reserves the right to modify or end the Promotion at any time.

Interest Rates:
SoFi members can earn the following annual percentage yields (APY):
With Eligible Direct Deposit:
•Savings (including Vaults): 3.80% APY.
•Checking: 0.50% APY.
•No minimum Direct Deposit amount is required to earn the 3.80% APY on savings.

Without Eligible Direct Deposit:
•Savings (including Vaults): 1.00% APY.
•Checking: 0.50% APY.
Other Rates Details:
•Rates are variable and are subject to change at any time.
•Rates are current as of 1/24/25.
•No minimum balance is required.
Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.

²We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.

³Early 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.

⁴ Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with direct deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage.

⁵SoFi 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 $3M through participation in the program. See full terms at sofi.com/banking/fdic/sidpterms/. See list of participating banks at sofi.com/banking/fdic/participatingbanks.

⁶7x based on FDIC monthly interest checking rate as of December 16, 2024.

⁷SoFi Member Rewards: Terms and conditions apply. To learn more about SoFi Member Rewards, please see the Rewards page.

Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov.

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery, or failure to store any user data, loss of user data, communications, or personalization settings. You must confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

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