MoneyUn Archives

Nov

2023

Guide to Monthly Maintenance Fees

By Sheryl Nance-Nash | Budgeting & Goals, money | No Comments

If you have a bank account, you may be familiar with the monthly fees that many financial institutions charge their clients simply for having an account. These may be known as “maintenance” or “service” fees and tend to be assessed on checking accounts. However, some banks will charge them on savings accounts too.

If you don’t scrutinize your monthly bank statements, you may not be completely aware of what your charges are on this front or how they can add up over time. And you may not be aware that not every financial institution charges these fees. Some banks will lower them in certain situations, and others don’t collect them at all.

Since maintenance fees can eat away at your hard-earned cash, take a closer look here at how they work and how you might avoid them.

Key Points

• Monthly maintenance fees may be charged by banks for maintaining personal and business checking accounts, and sometimes savings accounts.

• The fees can vary from one bank to another, with average monthly maintenance fees for checking accounts being around $13.95.

• Banks may waive the fees if customers maintain a minimum balance, have multiple accounts, sign up for direct deposit, or use their debit card frequently.

• Other ways to avoid fees include considering online banks or credit unions and signing up for electronic statements.

• It’s important to read bank notifications and understand the terms and conditions to avoid unexpected fees.

What Is a Monthly Maintenance Fee?

Banks often charge fees on personal and business checking accounts and sometimes even some types of savings accounts to help them offset operational costs or help to “maintain” your account.

Institutions may also charge these fees as a way to incentivise customers to make larger deposits. Many banks will waive fees if customers keep their balances high or use their account more frequently, all moves that benefit the bank. (Banks may also encourage activity by assessing inactivity fees if you let your account just sit.)

Monthly maintenance fees are usually automatically withdrawn from a customer’s account each month.

How Much Are Monthly Maintenance Fees?

While not all banks charge a monthly maintenance fee, many of the large traditional financial institutions in the U.S. do charge monthly fees.

For Savings Accounts

Monthly maintenance fees on savings accounts can vary greatly. Typically, though, they range from $1 to $8 per month. Some banks may not charge any fee at all.

For Checking Accounts

How much varies from one bank to another, but the average monthly maintenance fee for a checking account is currently around $13.95 per month, according to a recent MoneyRates.com survey.

While that may not seem like a lot of money when viewed as a one-time charge, it adds up to a whopping $167 per year.
Add in other deductions, like for using an out-of-network ATM or triggering overdraft or NSF fees, and these surcharges can start to chip away at your hard-earned money.

10 Tips on Avoiding Account Maintenance Fees

Fortunately, there is often some wiggle room when it comes to maintenance fees. Here are some simple ways you may be able to minimize, or even completely avoid this type of account fee.

1. Choosing the Right Institution

Fees can vary quite a bit from one major U.S. bank to another. Some charge $4.95 a month just for maintaining a checking account, while others charge $12 or more for the same exact service. Others may not charge any maintenance fee at all. For that reason, it can pay to do a little digging before you open a new account.

When comparing banks, it can be helpful to understand exactly what the monthly maintenance fee (if any) will be, and if there are any ways to avoid the fee.

Many banks will waive the monthly fee If you meet certain requirements. If you won’t be able to meet those conditions, however, you may want to keep shopping around.

2. Maintaining a Minimum Balance

Many institutions will waive the monthly account fee if you keep a certain amount of money in your account, known as a minimum balance.

That means If your average monthly balance dips below this amount, the maintenance fee would be triggered for that month and deducted from your account.

If your average monthly balance is above this threshold, the bank would waive the fee for that month.

3. Opening More than One Account

Many institutions will reward you for loyalty and waive monthly fees if you have multiple accounts with them, such as a savings account, money market account, or certificate of deposit (CD), in addition to a personal checking account.

In some cases, linking your accounts (such as a checking and a savings account) can help you meet the balance requirement to avoid the monthly maintenance fee.

4. Signing up for Direct Deposit

Many checking accounts are free when you elect to have your paycheck or benefits check automatically deposited into your account.

Each bank may have slightly different qualifying criteria. Some banks waive the maintenance fee if you make a certain number of direct deposits to your account each month, while others might require you to deposit a minimum dollar amount.

5. Using Your Debit Card Frequently

You may want to find out if your financial institution waives checking account fees if you use the bank-issued debit card linked to the account to make purchases or bill payments a certain number of times per month.

This number will vary from one bank to another, but 10 is often the number required to make fees disappear.

Banks are able to ease up on customer fees because they get paid transaction fees from the merchants.

6. Reading Your Bank Notifications

Your free checking account is sometimes only free until…it isn’t.

While it’s important to read your account agreement when you first open up an account (and make sure you understand the bank’s requirements to avoid fees), you may also want to keep in mind that your bank can change its rules at any time as long as it notifies you about the change in writing.

For that reason, it’s a good idea to read the notifications the bank sends (via email or snail mail) about changes to its terms and conditions.

This will allow you to keep up to date on what you need to do to avoid monthly service fees before you start seeing these debts show up on your account.

7. Giving up an Interest-Bearing Checking Account

If you have an interest-bearing checking account with your bank, it may be worth checking to see whether you can avoid a monthly maintenance fee by switching bank accounts to an interest-free one. This could actually help you come out ahead.

Today’s interest rates are so low that the interest you are earning on your checking account may not even cover the monthly service fee you are paying in order to have an interest or “rewards” checking account.

8. Considering an Online Bank or Credit Union

Because online-only banks typically have lower overhead expenses than brick-and-mortar institutions, they can be less likely to charge their customers monthly fees. (They often pay considerably higher interest rates as well.)

Credit unions can be worth checking out as well. As nonprofit, member-owned institutions, credit unions typically aren’t as focused on the bottom line as for-profit banks. This enables them to charge lower rates on credit products and levy fewer (and lower) account fees compared to banks.

9. Asking About Student and Senior Discounts

Many banks will offer a break on monthly fees to students. So, if you are currently in school it can be worthwhile to ask if a discount is offered, what age group is covered, what proof you’ll need to show that you’re a student, and what types of schools are included.

Similarly banks may offer a lower fee or no monthly fee if you’re over a certain age, and qualify as what they consider a “senior.”

10. Signing up for Electronic Statements

You may be used to getting that statement in the mail and there is something to be said for having it handy, but is it worth paying a fee for?

Since financial institutions save money by not printing and mailing you a paper statement each month, they often pass that savings along by offering discounts to customers who agree to go paperless.

The discount is often a reduced or eliminated monthly maintenance fee.

The Takeaway

You don’t necessarily have to settle for high monthly checking account fees.

Many financial institutions will waive monthly fees if you maintain a certain balance, make a minimum number of purchases with your debit card each month, or sign up for direct deposit.

Another way to avoid paying monthly fees is to consider a SoFi Checking and Savings Account. With SoFi, you can earn a competitive annual percentage yield (APY) and save and spend, all in one account. And SoFi Checking and Savings doesn’t have any account fees which could eat away at your savings.

Better banking is here with SoFi, NerdWallet’s 2024 winner for Best Checking Account Overall.* Enjoy 3.60% APY on SoFi Checking and Savings with eligible direct deposit.

FAQ

How can you avoid monthly maintenance fees?

There are several ways to avoid monthly maintenance fees on your bank account, including switching banks, meeting minimum balance requirements, opening additional accounts, and skipping paper statements, among other moves.

Why are you getting charged a monthly maintenance fee?

Banks typically charge maintenance fees as a way to recoup some of their operating costs. You may be able to take steps, however, to avoid these fees in part or totally.

Are maintenance fees yearly?

Bank maintenance fees are typically deducted automatically from your account on a monthly basis.

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.

Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet

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 every 31 calendar days.

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. To ensure you're earning the APY for account holders with Eligible Direct Deposit, we encourage you to check your APY Details page the day after your Eligible Direct Deposit posts to your SoFi account. If your APY is not showing as the APY for account holders with Eligible Direct Deposit, contact us at 855-456-7634 with the details of your Eligible Direct Deposit. As long as SoFi Bank can validate those details, you will start earning the APY for account holders with Eligible Direct Deposit from the date you contact SoFi for the next 31 calendar days. You will also be eligible for the APY for account holders with Eligible Direct Deposit on future Eligible Direct Deposits, as long as SoFi Bank can validate them.

Deposits that are not from an employer, payroll, or benefits provider or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, Wise, 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. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. SoFi Bank shall, in its sole discretion, assess each account holder's Eligible Direct Deposit activity to determine the applicability of rates and may request additional documentation for verification of eligibility.

See additional details at https://www.sofi.com/legal/banking-rate-sheet.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

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Oct

2023

How Is Income-Driven Repayment Calculated?

By Maureen Shelly | Building Your Career, Fresh Out of School, Student Loans | No Comments

After graduation and your six-month federal student loan grace period, it’ll be time to start paying your dues. If you are on the Standard Repayment Plan, you’ll pay at least $50 a month for 10 years. But there are other ways to pay back your student loans: through income-driven repayment plans.

Not all of these plans have the same repayment strategy, and not all federal loans qualify for income-driven repayment. We’ll help you find the one that aligns with your financial situation before you commit.

Key Points

• Income-driven repayment plans calculate monthly payments as a percentage of discretionary income, which is determined by adjusted gross income above a protected threshold.

• The SAVE plan offers the lowest payments for undergraduate loans, setting payments at 5% of discretionary income, while the IBR plan sets payments at 10% to 15%.

• Borrowers may qualify for loan forgiveness after 20 or 25 years on IDR plans, with those owing less than $12,000 eligible for forgiveness after 10 years on the SAVE plan.

• Alternatives to IDR include federal loan consolidation to simplify payments or refinancing with a private lender to potentially secure a lower interest rate.

• Refinancing federal student loans removes access to government benefits like Public Service Loan Forgiveness and income-driven repayment plans, so borrowers should carefully weigh their options.

How Does Income-Driven Repayment Work?

The U.S. Department of Education offers two income-driven repayment (IDR) plans for holders of federal student loans. (Two other plans, PAYE and Income-Contingent Repayment, are no longer accepting new enrollments.) The current plans are:

• Income-Based Repayment (IBR)

• Saving on a Valuable Education (SAVE) Plan

For IDR plans, your monthly payment is calculated as a portion of your discretionary income. The Department of Education defines discretionary income as your adjusted gross income in excess of a protected amount.

Discretionary income under the SAVE Plan, for example, is any adjusted gross income you have above 225% of the federal poverty guideline appropriate to your family size. You’ll have a $0 monthly payment under the SAVE Plan if your annual income doesn’t exceed the protected amount of $32,805 for a single borrower and $67,500 for a family of four in 2023.

If you don’t qualify for a $0 monthly payment on the SAVE Plan, your monthly payment beginning in July 2024 is set at 5% of discretionary income for undergraduate loans, 10% for graduate loans, and a weighted average if you have both.

On the IBR plan, your monthly payment is typically set at 10% to 15% of your discretionary income above 150% of the federal poverty guideline appropriate to your family size. But unlike the SAVE Plan, a borrower’s monthly payment on the IBR plan will never be more than what you would have paid through the Standard Repayment Plan.

IDR Loan Forgiveness

All federal IDR plans can end with your remaining loan balance being forgiven after 20 or 25 years, but some borrowers may receive forgiveness sooner under the SAVE Plan. Beginning in July 2024, federal student loan borrowers with original principal balances of less than $12,000 can have their remaining loan balance forgiven after 10 years of monthly qualifying payments on the SAVE Plan.

For more details on federal IDR debt relief benefits, check out our Guide to Student Loan Forgiveness.

Your personal circumstances and goals may dictate which student loan repayment plan is right for you. You can estimate how much your monthly payments will be through the federal Loan Simulator calculator.

Take control of your student loans.
Ditch student loan debt for good.

💡 Quick Tip: Ready to refinance your student loan? You could save thousands.

The Difference Between Income-Driven Repayment Plans

Deciding which IDR plan is right for you (and that you may qualify for) depends on your financial situation and your loan type(s). Here’s what they mean:

• IBR (Income-Based Repayment). This plan is based on your income and family size. The potential IBR payment must be less than what you would pay under the Standard Repayment Plan to qualify. Any remaining balance is forgiven after 20 or 25 years.

• SAVE (Saving on a Valuable Education). This IDR plan replaced the former REPAYE Plan. Anyone with qualifying student loans can enroll into the SAVE Plan. However, you could end up paying more per month under this plan than the Standard Repayment Plan. You’ll have a $0 monthly payment under the SAVE Plan if your annual income falls below 225% of the federal poverty guideline appropriate to your family size.

Alternatives to Income-Driven Repayment Plans

The 2023 debt ceiling bill officially ended the three-year Covid-19 forbearance, requiring federal student loan interest accrual to resume on Sept. 1, 2023, and payments to resume in October 2023.

Aside from the Standard Repayment Plan, there are a few options to consider instead of IDR:

Consolidation

If you have federal student loans, you can get a Direct Consolidation Loan. This will move all your eligible federal student loans into one monthly payment. Your new interest rate is the weighted average of all your loans, rounded up to the nearest eighth of a percent.

This can be helpful if you have many smaller loans that each have a minimum monthly payment. It typically won’t lower your monthly payment, however, but it can make it manageable and easier to keep track of. Only federal loans are eligible for a Direct Consolidation Loan.

Refinancing

Refinancing is similar to consolidation. You get one loan to replace all of your other loans, but it’s a new loan with a new interest rate from a private lender or bank. Your credit report and other personal financial factors are considered to see if you’re a responsible borrower. If you previously had a co-borrower, such as a parent, you can look into refinancing without a cosigner.

Many lenders allow you to refinance all of your student loans, not just federal student loans. So if you have a mix of private student loans and federal student loans, refinancing will create one new loan with one payment to replace them.

If you qualify for a lower interest rate and a shorter term, it could reduce the amount of money paid in interest over the life of the loan. You may pay more interest over the life of the loan if you refinance with an extended term. You can explore different scenarios with our Student Loan Refinance Calculator.

You may ask, “Should I refinance my federal student loans?” Refinancing federal student loans with a private lender forfeits your access to Public Service Loan Forgiveness (PSLF), Teacher Loan Forgiveness, and federal IDR plans. You can weigh the pros and cons when determining whether student loan refinancing is right for you.

💡 Quick Tip: Refinancing could be a great choice for working graduates who have higher-interest graduate PLUS loans, Direct Unsubsidized Loans, and/or private loans.

How Do You Calculate Income for an Income-Driven Plan?

The Department of Education considers three different components when calculating a borrower’s income. While this may seem needlessly complicated, it actually benefits borrowers:

Annual Income

Any income that’s taxable counts toward the Education Department’s calculation. That means regular wages, plus interest and dividends from savings and investments, unemployment benefits, etc. On the flip side, any income that isn’t taxed doesn’t count: gifts and inheritances, cash rebates from retailers, child support payments, and so on.

Spouse’s Income

If you and your spouse file a joint tax return, then their income must also be factored in. If you file separately, only your income counts.

Family Size

Your family size is the number of people who live with you and receive more than half their support from you. This includes children but also dependent adults, such as an older parent.

The Takeaway

There are now two income-driven repayment plans for federal student loan holders, IBR and SAVE. The PAYE and Income-Contingent Repayment plans stopped accepting new borrowers as of July 1, 2024, although current enrollees can remain on the plan after that date.

Looking to lower your monthly student loan payment? Refinancing may be one way to do it — by extending your loan term, getting a lower interest rate than what you currently have, or both. (Please note that refinancing federal loans makes them ineligible for federal forgiveness and protections. Also, lengthening your loan term may mean paying more in interest over the life of the loan.) SoFi student loan refinancing offers flexible terms that fit your budget.

With SoFi, refinancing is fast, easy, and all online. We offer competitive fixed and variable rates.

SoFi Student Loan Refinance
Terms and conditions apply. SoFi Refinance Student Loans are private loans. When you refinance federal loans with a SoFi loan, YOU FORFEIT YOUR ELIGIBILITY FOR ALL FEDERAL LOAN BENEFITS, including all flexible federal repayment and forgiveness options that are or may become available to federal student loan borrowers including, but not limited to: Public Service Loan Forgiveness (PSLF), Income-Based Repayment, Income-Contingent Repayment, extended repayment plans, PAYE or SAVE. Lowest rates reserved for the most creditworthy borrowers. Learn more at SoFi.com/eligibility. SoFi Refinance Student Loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

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Oct

2023

Can You Use A Credit Card To Pay Off Your Student Loans_780x440

Can You Use a Credit Card to Pay Your Student Loans?

By Kayla McCormack | Debt Payoff, personal_loan, Student Loans, student_loan | No Comments

Making student loan payments with a credit card can be tempting. After all, if your credit card offers you rewards like points or miles, by putting your student loan payments on your card, you could be cashing in on points and scoring a free flight to Vegas, right?

On the flip side, you might be looking for a way to make your monthly student loan payment during a month when your checking account isn’t quite as full as you’d like.

So is it even possible to pay down your student loans with a credit card? The short answer is that it’s not possible to do so on federal student loans, though there may be ways to do so on some private student loans.

Can I Make a Student Loan Payment With My Credit Card?

Federal student loan servicers, as a rule, do not allow credit card payments directly. In order to pay student loans with a credit card, payments have to go through a third-party platform for a fee – which would usually negate any points you might have earned from using your card to pay off your loans. And if you’re keeping a balance rather than paying off your credit card bill immediately, you’ll have to contend with high credit card interest rates.

You may be able to pay off a private student loan with a credit card. To find out if student loan payment with your credit card is an option, consider calling your student loan servicer to find out. Some allow credit card payments in certain situations, such as if it’s the last day before your payment becomes overdue.

💡 Quick Tip: Enjoy no hidden fees and special member benefits when you refinance student loans with SoFi.

Take control of your student loans.
Ditch student loan debt for good.

Is Using a Credit Card to Pay on a Student Loan a Good Idea?

Even if your student loan servicer accepts credit card payments, the practice could have downsides.

As previously mentioned, there may be additional fees to use a credit card to pay student loans. Paying additional fees could offset the benefit of earning any additional points or miles on your credit card.

Another factor is that credit card interest rates are generally higher than your student loans. If you’re unable to make monthly payments in full on your credit card, you might end up paying significantly more interest by using your credit card instead of a modest interest often associated with student loans. Simply put, making a student loan payment on a credit card, especially a high yield one, can cost you much more.

So while racking up those credit card points can seem enticing, they might not be such a great deal if you’re paying more on your student loans in the long run.

How Paying Student Loans With a Credit Card Can Affect Your Credit

You might want to also consider your credit score. Your credit usage makes up 30% of your FICO® score. Typically, you don’t want to use more than a third of the credit available to you. If you put a large student loan payment on your credit card, you might use a bigger chunk of your available credit, which could potentially bring down your credit score.

If you’re unable to keep up with your student loan or credit card payments, you could end up with both student loan and credit card debt.

Both the mix of credit and length of credit history are two factors that inform your credit score. Paying off your student loans may result in a temporary dip in your credit score because you have closed the loan.

Is There a Better Way to Manage Student Loan Debt?

If you feel like you’re going to fall behind on student loan payments, using a credit card isn’t your only option.

Income-Driven Repayment Plans

If you’re experiencing long-term financial difficulty, federal student loan borrowers may consider switching to an income-driven repayment plan (IDR). These plans are based on your discretionary income, are intended to make payments more affordable, and have terms that allow for loan forgiveness after a set amount of years. Here are the four IDR with their respective payment terms:

• Pay As You Earn (PAYE) Plan: Borrowers typically pay 10 % of their discretionary income but not more than the 10-year Standard Repayment Plan. Remaining balances are forgiven after 20 years of payment with this plan.

• Saving on a Valuable Education (SAVE) Plan: Borrowers typically pay 10 % of their discretionary income over the course of 20 years for loans for undergraduate study or 25 years for graduate or professional school loans. However, the repayment period can be as little as 10 years for undergraduate borrowers with balances under $12,000. And the minimum payment will fall to 5% of discretionary income starting in July 2024.

• Income-Based Repayment (IBR) Plan: Student loan holders typically pay 10 % or 15% of their discretionary income but not more than the 10-year Standard Repayment Plan. After 20 or 25 years, depending on when the loan was first received, any remaining balance will be forgiven.

• Income-Contingent Repayment (ICR) Plan: As a new borrower, student loan holders typically pay the lesser of these two: 20% of their discretionary income or a fixed payment over the course of 12 years. Any remaining balance will be forgiven after 25 years with this plan.

Consolidating Student Loans

A Direct Consolidation Loan could lower your monthly payment by giving you up to 30 years to repay your federal student loans.

If you’re not able to make your monthly payments, you could ask your loan servicer about forbearance or deferment, both of which pause payments until your financial situation improves. Student loan borrowers with both federal and private loans can consolidate their loans via private student loan refinancing. It’s important to note that consolidating the federal loans will release the borrower from federal loan forgiveness programs.

Refinancing Student Loans

You could also consider refinancing your student loans with a private lender. Refinancing combines existing student loans into a new loan, one ideally with a lower interest rate and a more favorable loan term, which may mean lower, more affordable monthly payments. (Note: You may pay more interest over the life of the loan if you refinance with an extended term.) To determine your interest rate, private lenders will generally conduct a credit check, evaluate your credit score, and income among other factors.

The Takeaway

Can you pay student loans with a credit card? In short, it’s possible, but may require the use of a third-party app or paying additional fees to the lender. These fees can outweigh the benefits of earned credit card points or miles. If you’re using a credit card because you’re struggling to make monthly payments on your student loan, you’re probably better off refinancing or using an income-driven repayment plan.

With SoFi, refinancing is fast, easy, and all online. We offer competitive fixed and variable rates.

FAQ

Can I pay student loans with a debit card?

Generally, paying student loans with a debit card is not permitted. It may be possible, but there may be fees associated. For the most part, student loan servicers prefer payments made electronically from your bank account. Most lenders will allow borrowers to enroll in automatic payments, where the loan payment is automatically debited from the checking account each month.

Can you pay off student loans all at once?

It is possible to make a lump sum payment to pay off all of your loans at once. Your lender should be able to provide a payoff quote if you are interested in this option.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

SoFi Student Loan Refinance
Terms and conditions apply. SoFi Refinance Student Loans are private loans. When you refinance federal loans with a SoFi loan, YOU FORFEIT YOUR ELIGIBILITY FOR ALL FEDERAL LOAN BENEFITS, including all flexible federal repayment and forgiveness options that are or may become available to federal student loan borrowers including, but not limited to: Public Service Loan Forgiveness (PSLF), Income-Based Repayment, Income-Contingent Repayment, extended repayment plans, PAYE or SAVE. Lowest rates reserved for the most creditworthy borrowers. Learn more at SoFi.com/eligibility. SoFi Refinance Student Loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .

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Sep

2023

Reasons to Balance Your Bank Account Every Month

By Kim Franke-Folstad | Budgeting & Goals, Financial Independence, money | Comments Off

You may wonder if anyone balances their bank account manually anymore given how many aspects of personal finances have become electronic.

Today, paychecks are deposited digitally, automatic bill pay whisks money from one account to another, and smartphones enable check deposits anytime, from anywhere.

Nevertheless, tracking withdrawals and deposits via a checkbook ledger and tallying up amounts can have value.

Monitoring your checking account in this way can help you identify errors or fraud. It can reveal charges and fees you may not have known you were being assessed. It can also put you in better touch with your money and your spending. All those things are definitely positives.

This guide will help you learn the step-by-steps for balancing your checkbook as well as its benefits.

What’s The Purpose Of Balancing Your Checking Account?

Back in the not-so-distant past, most people who had a bank account received a paper statement once a month in the mail.

On the first few pages, the statement listed the past month’s transactions — checks that had cleared, deposits that had posted, ATM and other withdrawals — along with the account balance as of the day the statement was printed.

On the back page, there was a reconciliation worksheet. There, account holders could add or subtract anything that was missing on the statement (deposits or withdrawals that hadn’t yet posted) to be sure the balance they thought they had actually matched the one the bank was reporting.

While some considered the process of balancing or monitoring a bank account tedious and frustrating, others diligently did the math every month.

Times have changed. Though financial institutions are legally required to mail those old-school statements to customers who want them, most have been touting the benefits of going paperless for years. Plus, customers now have 24/7 access to their account information using a website or an app.

Many banks also will provide a monthly online statement with the same data as the old paper statement, usually in the same or a similar format. They’ll even send a notification when the statement is ready.

But since this requires taking the time to log on, review the numbers, check for errors, and maybe do some math, many people procrastinate or simply skip regular account reviews. This can be especially true if they have multiple bank accounts.

But monitoring and balancing a bank account still plays an important role in responsible money management.

💡 Quick Tip: Don’t think too hard about your money. Automate your budgeting, saving, and spending with SoFi’s seamless and secure online banking features.

People – and Institutions – Sometimes Make Mistakes

Even if you are a fastidious record keeper, logging every cash withdrawal, bill payment, and deposit into a paper ledger, spreadsheet, or app, we all make mistakes from time to time.

Maybe an ATM receipt went missing or bill payment was forgotten or recorded incorrectly. By reconciling an account regularly, these little mistakes can be quickly fixed. This will allow you to have an accurate picture of your account, and help avoid overdraft charges and/or bounced checks.

Banks also can make errors. Duplicate charges are rare, but they can occur. Automatic payments may occasionally go awry. And it’s possible for deposits to land in the wrong account.

Even though the mistake might be the bank’s fault (because of human or technical error), it’s up to the account holder to bring it to someone’s attention — either by calling or writing to the financial institution.

In most cases, the Electronic Fund Transfer Act (EFTA) gives an account holder 60 days after receiving the bank statement with evidence of an error to challenge a problem with a direct deposit, ATM use, phone transfer, and other transactions.

But the time frame for reporting other bank errors may vary — rules may differ from bank to bank. Consumer advocates advise making contact as soon as possible upon spotting a mistake.

Reviewing an account regularly can help limit a consumer’s liability.

It also can be a good idea to check on vendor charges. Reviewing debit card, pay-by-phone, and even recurring automatic charges on a bank statement every month can help catch small errors before they become bigger problems.

A bank statement can provide the official documentation needed to dispute the charge with the vendor or financial institution.

Scammers Hope People Aren’t Paying Attention

Every time a person makes an ATM withdrawal, pays for gas with a debit card, or places an order online, there’s a chance someone is out there, waiting to steal their identity and their money.

Scammers sometimes start by making small purchases and, if no one seems to notice, bump up the spending to a more serious level.

Consumers who check their accounts regularly may have a better chance of spotting fraud faster, limiting their own liability and helping the bank deal with potential problems.

Reconciling Regularly Can Help Manage Automatic Payments

Automatic bill payments are convenient and can help an account holder avoid late payments (and late fees).

But the downside is that those bills might not get the same attention as those we have to make some effort to pay ourselves every month by check, phone or online. Ready or not, the money comes out of the bank account as scheduled, and if the account is low on the payment date, it can lead to bounced checks and overdraft fees.

Account holders who check their statements regularly may find they’re more aware of and prepared for the amount and timing of their autopay charges. They also might find they’re ready to dump or reduce the cost of some of the services and subscriptions they’ve been paying for every month or year.

💡 Quick Tip: Are you paying pointless bank fees? Open a checking account with no account fees and avoid monthly charges (and likely earn a higher rate, too).

Reviews May Offer Insights into Spending and Saving Behaviors

Reviewing their bank statements may help those who need or want to take more control of their spending to see exactly where their money is going every day, week, or month.

Regularly scheduled reconciliations enable people to see exactly how much they’re spending every week on nonessentials, such as in-app purchases or happy hours. This kind of information can help people budget more effectively and help bring them closer to their savings goals, such as a downpayment on a home.

Identifying Unnecessary Fees Can Save Money

Bank fees can eat away at a bank balance so slowly, an account holder might not even notice. The average monthly fee for a checking account now runs around $12. An out-of-network ATM withdrawal fee currently averages more than $4. Overdraft fees are typically $35 a pop.

Those charges can quickly add up — but if it’s all laid out there in black and white on a statement, it might be harder to ignore how much money is slipping away every month. (It also might provide more motivation to find a way to avoid those fees in the future.)

How to Balance Your Checking Account

Of course, account holders can always check on their available balance by using an ATM, or by logging into their account online or with an app. But that’s just a snapshot — and the picture could change in just a few minutes, depending on what transactions hit the account throughout the day.

By reconciling your records with your monthly online or paper statements on a regular basis, account holders can dig into the details of where their money is going, and be confident they aren’t missing any mistakes or paying fees or bills they aren’t aware of.

• Start by gathering the receipts and records for any spending and deposits for the period chosen. (If you use a check register, grab that. If you write your purchases down in a notebook or use software or a spreadsheet, use those. If you collect ATM receipts, pull that pile together, too.)

• Match those records with the bank statement. If you missed something the bank has listed and you’re sure it’s accurate (an ATM fee, for example, or a birthday check you deposited and forgot about), add it to your records.

• Take the statement balance and subtract payments that are in your records but haven’t yet cleared the bank, and add in any deposits that haven’t yet been posted.

• The amount you come up with should match with the balance you have in your register/notes/spreadsheet. If it doesn’t, you may have to do a closer check to see what you might have missed or if your math is a little off.

• If you’re confident that the bank made a mistake or you notice anything else askew, contact the bank by phone, email, messaging, or in-person right away to let them know about the inconsistency.

The Takeaway

With so many other tech tools available to help track saving and spending, reconciling a bank statement every month may seem unnecessary or even archaic.

But the process can serve as an important backup and safeguard, especially for those who have multiple accounts, or who have turned over certain financial tasks (deposits, withdrawals, bill-paying, and budgeting) to automation and apps. It can also help you avoid unnecessary fees and spot mistakes or fraud.

It might even point the way toward better budgeting and money management, and help you reach your short- and long-term financial goals sooner.

Looking for Something Different?

Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with eligible direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.

Better banking is here with SoFi, NerdWallet’s 2024 winner for Best Checking Account Overall.* Enjoy 3.60% APY on SoFi Checking and Savings with eligible direct deposit.

May

2023

Top 10 Fun Things to Do When Visiting Miami

By Kim Franke-Folstad | Credit, credit card, Family Finances | Comments Off

Sure, you could spend an entire Miami vacation just relaxing on the beach, people-watching, and sipping cold drinks.

But there’s so much to explore in the Magic City, you also could build an almost limitless list of fun things to do in Miami. In fact, you may have trouble narrowing it all down to a manageable itinerary of absolute must-sees — whether you’re visiting on your own, as a couple, or with friends or family.

You could have an amazing time just focusing on bucket-list items, like going to Little Havana or strolling the Miami Beach Boardwalk. Or you might use your time to take in Miami’s renowned architecture or to go shopping or history hunting.

The best answer may well be to mix it up and sample the sunny outdoors, the arts, plus some of the great food and nightlife. So here is a curated list of seasoned travelers’ tips and picks for the top things to do in Miami, Florida. Get ready for an amazing adventure.

Best Times to Go to Miami

Springtime is probably the best time to visit Miami — if you don’t mind the crowds — followed closely by December through February. The weather is typically warm, but you’ll avoid the heat and humidity.

You may find there’s a festival or two you’ll want to base your visit around. If you travel in March, for example, you can enjoy Carnaval Miami events, like the Calle Ocho Music Festival or Art on the Drive. And in December, the Art Basel international art fair comes to town.

Bad Times to Go to Miami

There really isn’t a wrong time to go to Miami. The beach is always there, after all. But if heat, humidity, rain, and the potential for hurricanes aren’t your thing, you may want to avoid summer travel to Miami or planning a vacation for the summer or early fall.

Average Cost of a Miami Vacation

The cost of a vacation in Miami can vary significantly, depending on how long you stay, when and where you stay, and how you get there. (And, of course, you might lower the price tag by using credit card miles or cash back.)

Travel sites generally put the average cost of a weeklong trip at about $1,200 to $2,450 for an individual and $2,300 to $4,600 for a couple. (If you’re traveling with your kids or traveling with pets, the cost could be significantly more.)

Here are just a few of the costs you may want to consider when budgeting for your trip (and when you’re figuring out how to make the most of your credit card rewards):

Getting There

Roundtrip airfare to Miami can average from $200 to $600 or more, based on where you’re flying from and when you’re traveling. (Don’t forget to look at how credit card travel insurance works, just in case your flight is canceled, your luggage gets lost, or some other mishap occurs.) Driving could end up costing about the same, or even more, if you have to stop at a hotel for a night or two.

Accommodations

If you’re willing to stay at a budget hotel or a hotel or rental that’s outside the more popular areas of the city, you may be able to save some serious money in this category. Otherwise, you can expect to pay about $150 to $700 or more (much more) per night for a mid-range to luxury hotel on your Miami trip.

Transportation

Though much of Miami is walkable, to conveniently get around to everything you want to see, you may want to rent a car. A mid-size SUV could cost about $21 to $66 per day, and a convertible can be about $65 per day.

Dining

The average spend per person for food in Miami can range from $30 to $100 per day. But your food bill may go up or down (just like at home) based on how often you dine out, the restaurants you choose, and whether you drink tap water or an excellent bottle of wine. A couple of street tacos or a fast-food meal, for example, could cost less than $10, while a meal in a nice restaurant like Joe’s Stone Crab might be $100 or more per person.

Sightseeing

There are many free things to do in Miami, and admission to most museums and other attractions generally costs $25 or less for an adult.

Recommended: Where to Keep a Travel Fund

10 Fun Must-Dos in Miami

There’s so much to do in and around Miami, it could be a challenge to squeeze it all into one week—or even two or three weeks. But if you go in with a plan having pre-selected some must-see destinations, you can improve the chances that you’ll get to your fair share of fun activities.

To help get you started, here’s a list of 10 cool things to do in Miami, compiled from dozens of travel sites, blogs, and “best of” lists, plus advice from savvy travelers.

1. Check Out the South Beach Scene

You’ve seen it in movies. You’ve read about it in books. When most people think about Miami, they probably picture the iconic South Beach area. There’s plenty there to explore, from the beautiful, expansive beach to the Art Deco buildings, trendy boutiques, and top-rated bars and restaurants. And the free South Beach Trolley loops around the neighborhood from 8 am to 11 pm seven days a week. It’s a popular area, so expect to find crowds, especially when the weather is at its best.

2. Take a Tour of Little Havana

You can book a bus tour or walking tour of Miami’s Little Havana neighborhood to get the full story on its food and cultural diversity. Or you can settle in with a mojito at one of the excellent restaurants there, then wander over to watch a dominos or chess match at Domino Park at the corner of Calle Ocho (Eighth Street) and 15th Avenue.

3. Check Out the Wynwood Arts District

Another top thing to do in Miami: You can take in the street art for free in the super-cool Wynwood Arts District. Then, for more cutting-edge art, buy a ticket to see the Wynwood Walls outdoor museum. Artists from around the world have covered the museum’s abandoned warehouse walls with graffiti and street art. The district is also home to several art galleries, a variety of well-reviewed restaurants, and chic, high-end shopping. thewynwoodwalls.com/

4. Do Some Time-Traveling at HistoryMiami

HistoryMiami is celebrating 80 years of providing access to archives and artifacts that bring South Florida’s stories to life. You can visit the museum’s permanent and rotating exhibitions to get a true feel for the area’s history and heritage, and its evolution. historymiami.org

5. Linger at the Lush Fairchild Tropical Botanic Garden

If you’re a fan of flowers, butterflies, and all things green, a trip to the Fairchild Tropical Botanic Garden is a must. Its horticultural collections include tropical fruit trees, orchids, palms, and Florida native plants; and while you’re there, you can wander over to the Wings of the Tropics exhibit to see hundreds of spectacular butterflies fluttering about. The museum hosts several family-friendly festivals and other events throughout the year, including the mouth-watering Bacon & BBQ Classic in June. fairchildgarden.org/

Recommended: How Families Can Afford to Travel

6. Miami Beach Boardwalk

The scenic Miami Beach Boardwalk (sometimes referred to as the South Beach Boardwalk) is a favorite with tourists and locals alike. The pathway starts at the southern point of South Beach and stretches seven miles along the ocean to the Surfside border in North Beach. Or you can venture off the boardwalk onto Lincoln Road and explore the popular shopping district there.

You also may want to build a visit to New World Center into your itinerary and take in a movie or concert from the lawn of SoundScape Park. miamibeachboardwalk.com and nws.edu/events-tickets/wallcast-concerts-and-park-events

7. Go Birding in Barnacle Historic State Park

If you’re ready for something a little outside the city, you might want to take a drive over to Coconut Grove and visit The Barnacle Historic State Park. The park’s location and landscaping attract herons, pelicans, kingfishers, and other shorebirds. While there, you also can take a guided tour of the Munroe House Museum, located on the shore of Biscayne Bay, to get an idea of what life was like for pioneer and sailor Ralph Middleton Munroe in the late-1800s. Picnics are allowed on the lawn, and events are scheduled throughout the year at the museum and park. floridastateparks.org/parks-and-trails/barnacle-historic-state-park

8. Enjoy Miami’s Exhilarating Nightlife

Miami has a little bit of everything when you’re ready to head out at night, from comedy, improv, and karaoke clubs to nightclubs with rooftop lounges, live music, and dancing, to neighborhood pubs where you can sample a microbrew and watch the ballgame on a big screen. Keep in mind that if you’re heading to a nightclub, there will likely be a dress code that just says no to flip-flops, ball caps, tank tops, and shorts.

9. Tour the Art Deco District

If you’re an architecture buff or just like to look at cool old buildings, you may want to spend some time in Miami Beach’s Art Deco Historic District. You can take a guided or self-guided walking tour of the district’s lovingly restored buildings. Then learn more about Miami Beach’s Art Deco, Mediterranean Revival, and Miami Modern design styles at the Art Deco Museum and Welcome Center. miamiandbeaches.com/things-to-do/history-and-heritage/art-deco-historic-district

10. Take a Walk on the Wild Side at the Shark Valley Loop

The 15.4-mile Shark Valley Loop Trail is one of the highlights of the vast Everglades National Park and worth the trip if you’re up for a bit of a drive. (It’s about 30 miles west of the city.) You can hike or bike the trail to get a close-up look at Florida’s wild side, or you can take a two-hour guided tram tour from the Shark Valley Visitors Center. nps.gov/ever/planyourvisit/shark-valley-tamiami.htm

Insider Tips

Now that you know some of the best things to do in Miami, consider these insider tips that might help improve your trip, including:

A Little Bit About Location

To make your trip to Miami more manageable, you may want to keep your sightseeing priorities in mind when choosing your accommodations. You’ll likely save money on hotels or rentals outside the city or farther from the beach. However, traffic in the area can be challenging, and you could spend a large part of your visit just trying to get to the attractions you hope to see. If your homebase is closer in, you can take advantage of the walkability in many popular tourist areas.

Make the Most of the Fresh Seafood

If you love seafood, you’ll love dining in Miami, where you can get your favorite fish sandwich, fish tacos, scallops, shrimp, stone crab claws, clams, and lobster just about anywhere and at any time of day.

Your choices will range from cutting-edge food trucks to elegant eateries, with menu items at all price points. For a special night out, consider Joe’s Stone Crab in South Beach, which is famous for both its food and the service. Joe’s is best known for its stone crab claws and another Florida favorite: Key lime pie.

Plan How You’ll Pay

It can be a good idea to bring cash, your debit card, and a couple of different credit cards to pay for various things during your trip to Miami. You also may want to bring at least one travel credit card so you can get rewarded for qualifying purchases.

The Takeaway

Miami is a super-popular destination for a variety of very good reasons: Great weather, gorgeous beaches, amazing architecture and attractions, as well as terrific food and drink. If you decide to travel there, there are plenty of incredible sights to see, or you can have fun just lounging by the sea or a pool. That’s part of what makes Miami such a great destination for solo voyagers, couples, friends, and families to visit.

Whether you want to travel more or get a better ROI for your travel dollar, SoFi can help. SoFi Travel is a new service exclusively for SoFi members that lets you budget, plan, and book your next trip in a convenient one-stop shop. SoFi takes the guessing game out of how much you can afford for that honeymoon, family vacation, or quick getaway — and we help you save too.

FAQ

Is it helpful to know some Spanish when vacationing in Miami?

You won’t need to take a language course to get around Miami successfully, but knowing a few popular phrases could be useful, including hola (hello), gracias (thank you), ¿Cómo estás? (How are you?), and ¿Dónde está? (Where is it?).

What are the best things to do in Miami Beach on a rainy day?

Although much of Miami is built around South Florida’s beautiful weather, there are also plenty of museums and galleries to visit if it’s raining or too hot and humid.

What are some things to do in Miami for couples?

Walking the beaches and enjoying the nightlife in Miami are about as romantic as it gets. A visit to Vizcaya Museum and Gardens (vizcaya.org/) will provide lush grounds and gardens to explore and plenty of photo opportunities too.

Photo credit: iStock/Gian Lorenzo Ferretti Photography

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**Terms, and conditions apply: This SoFi member benefit is provided by Expedia, not by SoFi or its affiliates. SoFi may be compensated by the benefit provider. Offers are subject to change and may have restrictions, please review the benefit provider's terms: Travel Services Terms & Conditions.
The SoFi Travel Portal is operated by Expedia. To learn more about Expedia, click https://www.expediagroup.com/home/default.aspx.

When you use your SoFi Credit Card to make a purchase on the SoFi Travel Portal, you will earn a number of SoFi Member Rewards points equal to 3% of the total amount you spend on the SoFi Travel Portal. Members can save up to 10% or more on eligible bookings.

Eligibility: You must be a SoFi registered user.
You must agree to SoFi’s privacy consent agreement.
You must book the travel on SoFi’s Travel Portal reached directly through a link on the SoFi website or mobile application. Travel booked directly on Expedia's website or app, or any other site operated or powered by Expedia is not eligible.
You must pay using your SoFi Credit Card.

SoFi Member Rewards: All terms applicable to the use of SoFi Member Rewards apply. To learn more please see: https://www.sofi.com/rewards/ and Terms applicable to Member Rewards.

Additional Terms: Changes to your bookings will affect the Rewards balance for the purchase. Any canceled bookings or fraud will cause Rewards to be rescinded. Rewards can be delayed by up to 7 business days after a transaction posts on Members’ SoFi Credit Card ledger. SoFi reserves the right to withhold Rewards points for suspected fraud, misuse, or suspicious activities.
©2024 SoFi Bank, N.A. All rights reserved. Member FDIC. Equal Housing Lender. NMLS #696891 (Member FDIC), (www.nmlsconsumeraccess.org).

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SOCC0223055

Guide to Monthly Maintenance Fees

What Is a Monthly Maintenance Fee?

How Much Are Monthly Maintenance Fees?

For Savings Accounts

For Checking Accounts

10 Tips on Avoiding Account Maintenance Fees

1. Choosing the Right Institution

2. Maintaining a Minimum Balance

3. Opening More than One Account

4. Signing up for Direct Deposit

5. Using Your Debit Card Frequently

6. Reading Your Bank Notifications

7. Giving up an Interest-Bearing Checking Account

8. Considering an Online Bank or Credit Union

9. Asking About Student and Senior Discounts

10. Signing up for Electronic Statements

The Takeaway

FAQ

How can you avoid monthly maintenance fees?

Why are you getting charged a monthly maintenance fee?

Are maintenance fees yearly?

How Is Income-Driven Repayment Calculated?

How Does Income-Driven Repayment Work?

IDR Loan Forgiveness

Take control of your student loans. Ditch student loan debt for good.

The Difference Between Income-Driven Repayment Plans

Alternatives to Income-Driven Repayment Plans

Consolidation

Refinancing

How Do You Calculate Income for an Income-Driven Plan?

Annual Income

Spouse’s Income

Family Size

The Takeaway

Can You Use a Credit Card to Pay Your Student Loans?

Can I Make a Student Loan Payment With My Credit Card?

Take control of your student loans. Ditch student loan debt for good.

Is Using a Credit Card to Pay on a Student Loan a Good Idea?

How Paying Student Loans With a Credit Card Can Affect Your Credit

Is There a Better Way to Manage Student Loan Debt?

Income-Driven Repayment Plans

Consolidating Student Loans

Refinancing Student Loans

The Takeaway

FAQ

Can I pay student loans with a debit card?

Can you pay off student loans all at once?

Reasons to Balance Your Bank Account Every Month

What’s The Purpose Of Balancing Your Checking Account?

People – and Institutions – Sometimes Make Mistakes

Increase your savings with a limited-time APY boost.*

Scammers Hope People Aren’t Paying Attention

Reconciling Regularly Can Help Manage Automatic Payments

Reviews May Offer Insights into Spending and Saving Behaviors

Identifying Unnecessary Fees Can Save Money

How to Balance Your Checking Account

The Takeaway

Looking for Something Different?

Top 10 Fun Things to Do When Visiting Miami

Best Times to Go to Miami

Bad Times to Go to Miami

Average Cost of a Miami Vacation

Getting There

Accommodations

Transportation

Dining

Sightseeing

10 Fun Must-Dos in Miami

1. Check Out the South Beach Scene

2. Take a Tour of Little Havana

3. Check Out the Wynwood Arts District

4. Do Some Time-Traveling at HistoryMiami

5. Linger at the Lush Fairchild Tropical Botanic Garden

6. Miami Beach Boardwalk

7. Go Birding in Barnacle Historic State Park

8. Enjoy Miami’s Exhilarating Nightlife

9. Tour the Art Deco District

10. Take a Walk on the Wild Side at the Shark Valley Loop

Insider Tips

A Little Bit About Location

Take control of your student loans.
Ditch student loan debt for good.

Take control of your student loans.
Ditch student loan debt for good.

Increase your savings
with a limited-time APY boost.*

Student Loan
Refinancing

Personal
Loans

Online
Investments