What’s a debit card and how does it work?

A debit card is a payment card that lets you spend money directly from your checking account.

How do I activate my debit card?

Easily and quickly activate your card using the SoFi app.

What’s the difference between a debit and credit card?

Debit cards deduct directly from your checking account. Credit cards let you borrow money and pay later—typically with interest. Debit cards can help you with budgeting and avoiding debt. Credit cards can help build credit and may offer rewards.

Do you have to pay monthly for a debit card?

SoFi Checking and Savings—and the SoFi debit card—don’t have fees.

Is there a withdrawal limit on my debit card?

For SoFi checking accounts, the most you can withdraw in a day is $1,000. The daily debit card use limit is $6,000.

Am I able to lock my debit card?

Yes. You can lock your phone in just a few taps using the SoFi app.

Can I use my SoFi debit card in other countries?

Yes, you can use your debit card in most countries. Note that the Office of Foreign Assets Control prohibits business with certain countries and your SoFi debit card may not work in those locations.

Is the SoFi debit card a prepaid card or a true debit card?

The SoFi debit card is a true debit card. You can use it to access funds in your checking account.

Apply for a Debit Card Online

SoFi Checking and Savings is offered through SoFi Bank, N.A. Member FDIC. The SoFi® Bank Debit Mastercard® is issued by SoFi Bank, N.A., 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.

¹ 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.

² Our account fee policy is subject to change at any time.

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