SoFi - Banking & Investing
SoFi - Banking & Investing brings together mobile banking, investing, and smart money management in one powerful app. This all-in-one financial solution lets you send money instantly, deposit checks digitally, pay bills online, and track your spending with budget tools. You can save cash in high-yield accounts and trade stocks with no commission, all from a clean, user-friendly interface designed for everyday use. The promise is simple: fewer apps, more control over your financial life, with features that help you grow your money over time.
Seamless Banking & Investing in One App
SoFi groups traditional banking essentials—checking, savings, loans, and credit cards—into a single, straightforward experience. The app emphasizes user-friendly setup, quick access to funds, and no unnecessary account fees, making it a strong candidate for anyone looking to simplify money management. With direct deposit, early paycheck access, and a broad network of fee-free ATMs, you can manage your money on the go without friction.
Premium Membership & Rewards
America's most rewarding financial membership with $1,000+ in value² each year for your banking and investing needs.
Premium mobile banking features and digital investing tools for just $10/month to enhance your financial management.
Exclusive cash rewards, money-saving perks, and special banking discounts to boost your savings goals.
Enter to win prizes that could fund your biggest financial ambitions through SoFi's member sweepstakes.
Mobile Banking Features
Mobile checking with no monthly fees, no minimum balance requirements, and no overdraft charges for no account-fee free banking.
Get your paycheck up to two days early with direct deposit and enjoy immediate access to your funds with mobile banking.
Find and use over 55,000+ fee-free ATMs nationwide to access your cash without ATM fees or surcharges.
Send money to friends, pay bills online, and make transfers between accounts without extra charges or waiting periods.
Investing Tools
Trade stocks and ETFs with no commission through our easy-to-use online investing platform with SoFi Securities (other fees apply).
Start investing in fractional shares with just $5 to build a diversified stock portfolio, regardless of your budget, with SoFi Securities (restrictions apply).
Access exclusive IPO stock investments before public trading through SoFi's investment platform advantages.
Choose automated investing options tailored to your financial goals with digital portfolio management from SoFi Wealth.
High-Yield Savings
Earn a highly competitive APY with direct deposit to maximize your savings account growth.
Create custom Savings Vaults for your financial goals to organize funds for emergencies or major purchases.
Transfer money instantly between checking and savings accounts with no transfer fees or waiting periods.
Track savings progress with digital tools and watch your money grow faster than with traditional banks.
Personal Loans & Credit
Apply for competitive loan rates for debt consolidation, home improvements, or other major purchases.
Monitor your credit score with regular updates and credit tracking to stay informed about your financial health.
Explore student loan refinancing options to potentially lower your monthly loan payments and save money.
Budget Tracker
Track spending across all your linked accounts with automatic budget categorization and spending insights.
Get real-time spending alerts for unusual activity to help protect your accounts and maintain your budget.
Set up bill payment reminders to avoid late fees and keep your budget on track with our money management tools.
Security Features
Bank-level digital encryption protects your personal and financial information when banking online.
Receive instant fraud alerts for suspicious account activity to protect your money and personal information.
Bank with confidence knowing you can access additional FDIC insurance coverage up to $3 million.
Specialist Support
Get help from our dedicated financial team 7 days a week for all your banking and investing questions.
Connect through secure in-app chat for immediate assistance with your accounts, loans, and investments.
Download SoFi today for better mobile banking, smarter investing, and powerful budget tracking! Join millions of members who send money, pay bills, deposit checks, save cash, and trade stocks—all in one comprehensive financial app.
Community, Education, & Getting Started
SoFi isn’t just a tool; it’s a community centered on financial education and practical resources. Beyond the core banking and investing features, the app offers webinars, articles, and learning content to help you make smarter money decisions. You’ll find a vibrant user community where you can share tips, ask questions, and learn from others’ experiences. Additional member benefits extend beyond finance—career coaching and exclusive events demonstrate SoFi’s holistic approach to helping you reach your financial goals. If you’re searching for an all-in-one platform that blends everyday banking with investing, budgeting, and education, SoFi - Banking & Investing is worth a try.
Ready to simplify your finances? SoFi’s all-in-one mobile app can help you manage money, grow your savings, and invest with confidence. Download SoFi today and experience a smarter, more connected approach to banking and investing.
Pros
- Intuitive and user-friendly interface.
- No account maintenance fees.
- Access to a range of investment options.
- Worldwide free ATM access.
- Prompt customer support.
Cons
- Limited access to physical brick-and-mortar branches.
- Certain features are available only in the US.
- High wire transfer fees.
- Limited options for cash deposits.
- Joint accounts are not offered.
