Sign up for SoFi Checking and Savings and get a bonus of up to $300.†
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.
Supercharge your savings by earning up to 3.80% APY*
Get up to 3.80% APY on your cash with your SoFi savings balance and Vaults.
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Here's why Humphrey Yang chose SoFi.
No account fees^
No overdraft fees. No minimum balance fees. No monthly fees. Plus, 55,000+ fee-free ATMs within the Allpoint® Network.1
Earn 3.80% APY*
Set up direct deposit and earn up to 3.80% annual percentage yield (APY).
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 4
Overspent by accident? No problem. You’ll be covered up to $50 with no fees with qualifying direct deposits.
Cash back, close to home3
Get up to 15% cash back at local establishments when you pay with your SoFi debit card.
Increased FDIC insurance6
Deposits are insured up to $2M through a network of participating banks. Learn more.
Bank on us anytime, anywhere— with account access 24/7.
Make deposits, pay bills, find ATMs, send money, and much more—safely and securely in the app.
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More banking tips and tricks.
Achieve your financial goals faster with SoFi.
FAQs
Learn more about our Student Bank Account.
Learn more: How to Set Up Direct Deposit
Learn more: How to Deposit Cash at an ATM
Learn more: How Much Money Is Needed to Start a Bank Account?
Learn more: How Old Do You Have to Be to Open a Bank Account?