Online Checking Account

A checking account that works for you.
No fees, no hassle.

Open an online checking account¹ with no account fees² or minimum balances, and earn 0.50% APY³ on your checking balances.

Open an account

¹When you open a SoFi Checking Account, SoFi Bank will also automatically open a SoFi Savings Account in your name. See the SoFi Bank Deposit Account Agreement for details.

No account fees
Say goodbye to fees. Pay no monthly, overdraft, or minimum balance fees.²
Up to 2-day early paycheck
Get paid up to two days early⁴ - just set up direct deposit.
24/7 banking security
Around-the-clock fraud monitoring and zero liability protection keep your money safe.
Up to $300 bonus with direct deposit
Earn $50 or $300 cash when you set up direct deposit.⁵ See terms.

A smarter way
to manage your
checking account on the go.

Manage your checking account anytime with online and mobile banking. Use smart tools to help save, send, and secure your money with ease.

Security & Control

Stay safe with:
✓ Real-time alerts
✓ Two-factor authentication
✓ Card controls
✓ Access additional FDIC insurance up to $3M⁶

All from the mobile app for enhanced banking security.

Explore banking security

A debit card built for security, ease, and everyday spending.

Automatically get a SoFi debit card at no cost when you open your checking account.

$0 fraud liability
With the World Debit Mastercard, you're protected from unauthorized transactions online, in-store, by phone, and at ATMs.
Access 55,000+ fee-free ATMs
Conveniently access cash from 55,000+ no-fee ATMs within the Allpoint® Network.⁸ Find an ATM near you.
Instant digital wallet
Instantly start using your checking account by linking your debit card to your digital wallet so you can make secure purchases right away.
Contactless payments
Just tap your chip debit card at checkout for a quick, encrypted transaction without swiping or inserting.

What sets us apart?
We're glad you asked.

Earn more with 0.50% APY³

Most checking accounts pay little to no interest - not here. Earn 7x the national checking rate⁹ with no balance tiers or requirements.

No-fee overdraft coverage

Overspent by accident? No problem. You'll be covered up to $50 with no overdraft fees with direct deposit of at least $1,000.¹⁰

FDIC-insured, plus more

Your deposits are protected up to $250,000 per member, with free access to up to $3M in FDIC coverage⁶ for even greater security.

Savings account integration.

Earn up to 3.80% APY³ with your integrated savings account. Plus, tools like Vaults and Roundups help you reach your savings goals faster.

Unlike big banks,¹¹ SoFi checking charges no account fees.

With a SoFi checking account, enjoy zero monthly fees², no minimum balance requirements, and no overdraft charges¹⁰. Plus, access over 55,000 fee-free ATMs in the Allpoint® network.⁸

¹¹Competitive bank fees are current as of 02/04/2025.

*Interest earned is calculated over 3-years using a monthly compound rate. Actual interest credited by your financial institution may vary based on institution-specific calculation methodology. Rates may vary by state and do not account for bonus, special or promotional APYs. Traditional bank rates are in comparison to Chase and Bank of America and current as of January 22, 2025. National Average is based on the FDIC monthly savings account rate as of December 16, 2024.

Earn 7x the national average checking rate.⁹

Unlock the full potential of your checking account with 0.50% APY³ - no balance tiers, no qualifying requirements, just a great rate. Unlike other banks, you earn more without jumping through hoops. Use this calculator to see how our rate compares to other checking accounts.

Open an account

Apply for a checking account online:¹

Opening a checking account¹ is quick, secure, and hassle-free. Get started in minutes.

Apply online
Provide basic information and complete a quick, secure application in minutes.
Fund your account
Add money to your account to
start earning 0.50% APY.³
Start banking
Access your checking account right away with our mobile app and digital wallet.

Open an account

Get up to a $300 cash bonus with direct deposit.⁵

Earn a $50 or $300 cash bonus with direct deposit⁵ and unlock getting paid up to two days early. See terms.

Open an account

Checking that fits your life.

No matter where you are in life, our checking account is designed to work for you.

Joint bank accounts
Managing money together has never been easier.
Our joint bank account offers shared access, real-time transaction tracking, and easy bill payments.
Explore joint accounts
Student banking offer
Banking that fits your college life. With no monthly fees, mobile banking, and a $30 cash bonus,¹² you can manage your money confidently while staying focused on what matters most.
View student offer

FAQs

To open a checking account with SoFi, you'll need the following:

• Personal info: Name, date of birth, Social Security Number (SSN) or Individual Identification Number (ITIN), primary home address, email address, and phone number
• Age requirement: At least 18 years old
• Minimum deposit: $0

In some cases, you may need to provide a government-issued ID (driver's license, state ID, passport).

Opening a SoFi checking account online is a simple process that only takes a few minutes. Just provide some basic personal information, such as your name, home address, and SSN/ITIN. Once you're approved, you can immediately start using your debit card online and in person by linking it to a digital wallet of your choice.

No. SoFi checking account holders don’t pay any overdraft fees¹⁰, minimum balance fees, or monthly service fees.²

Nope! If you overdraw your SoFi checking account, you won’t be charged any overdraft fees as long as you receive $1,000 or more in total monthly direct deposits.¹⁰ SoFi’s Overdraft Coverage will cover you up to $50, and the amount you 'borrow' will be deducted from your next deposit.

SoFi account holders earn 0.50% APY³ on their checking balances, which is 7x times the national average checking rate.⁹

Absolutely! SoFi checking accounts are protected by the standard FDIC insurance up to $250,000 per member (joint accounts are insured up to $500,000). Plus, you get free access to additional FDIC coverage up to $3 million.⁶

You bet! When you open a SoFi checking account, you'll automatically be sent a Mastercard debit card. It usually takes 7-10 business days to arrive, and activating it is a breeze—just use the SoFi mobile app.

Simply download this pre-filled form, sign it, and submit it to your employer’s payroll department. It’s that simple! Alternatively, if your employer has an HR portal where you can set up direct deposit, you can find your account number and routing number here.

You can use any one of the 55,000+ Allpoint ATMs to withdraw money from your SoFi checking account, fee-free.⁸

Accessing your SoFi checking account online is simple! You can log in to your account through the SoFi website or use the SoFi mobile app. Both options let you check your balance, view transaction history, transfer funds, and more.

You can find your SoFi account and routing numbers online or using your physical check:

• Online: Log in to your SoFi account through the website or mobile app and navigate to the "Banking" tab, then click "More"
• Paper check: Using your physical check, look at the bottom. The routing number is the first set of numbers (usually 9 digits), and the account number is the second set of numbers.

Yes! Every online checking account also comes with a savings account that has an up to 3.80% APY.³ We don't currently offer standalone checking or savings accounts.