SoFi - Banking & Investing

Social Finance, LLC

About this app

Mobile banking and investing made easy. Send money instantly, deposit checks digitally, pay bills online, track spending with budget tools, save cash in high-yield accounts, trade stocks with no commission (other fees apply).

WHY DO 10M+ MEMBERS LOVE SOFI?

NEW! SOFI PLUS PREMIUM MEMBERSHIP
• 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 nationwide³ 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 with SoFi Wealth.

HIGH-YIELD SAVINGS
• Earn a highly competitive APY¹ 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 million⁶.

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.
• Call us directly at (855) 456-SOFI (7634) to speak with our knowledgeable customer service specialists.

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.

Ratings and reviews

really happy with this app/bank. had a bank before sofi ( I will not mention their names) but my account was hacked 3 times!! I finally got fed up with them and switched. I'm so glad I did. the app is easy to use, and you also earn points, which you can redeem for cash, or pay off your credit card/student loans. I'd give them 6 Stars if it would let me.

I have nothing but positive things to say about this app! It's secure, it has a smooth and easy interface, it's fast and reliable, it has 24/7 tech support ready to assist, it has countless perks and offers, it gives personalized recommendations for loans and credit cards, helps find life insurance for affordable prices. The list goes on! I know my money is secure, which gives me peace of mind. I get real time notifications for any charge and can dispute any fraudulent charges. Best app ever!

Overall, SoFi has been pretty good. I have multiple account types open through them that I use as my primary accounts. That being said, there are a few features that could use improvement like all apps. The Savings balance should only show the Savings balance, and maybe have a separate section where it shows "Total Savings Balance" that would include the vaults. Also, allow customization of vault appearance. Customer Service is terrible also 75% of the time. Depends who you get.

What’s new

We've made a bunch of bug fixes and improvements to help get your money right. It all adds up. Something else you'd like to see? Tell us more at [e-mail].