SoFi: Bank, Investing & Crypto

Social Finance, LLC

About this app

Bank, invest, and buy crypto with SoFi. High-yield savings, checking, credit card, loans, and SoFi Coach, your free AI money guide. See why 15.8M members love SoFi.

NEW! SOFI COACH: AI-DRIVEN FINANCIAL GUIDE
• Chat with Coach for personalized financial insights, powered by SoFi Financial Planners.
• AI-driven analysis of your spending, budget, credit score, and debt.

ONLINE BANKING
• Open a bank account with no account, service, or maintenance fees and no minimum balance required.
• Get paid up to 2 days early with direct deposit and early payday.⁴
• Mobile banking app to send money, transfer funds, pay bills, and manage your finances.

HIGH-YIELD SAVINGS ACCOUNT
• Savings Vaults help you organize your emergency fund and savings goals in one place.
• Instant transfers between checking and savings with no fees.

BUY, SELL & HOLD CRYPTO
• First national chartered bank where individuals can buy, sell, and hold cryptocurrency.
• Access Bitcoin, Ethereum, Solana, plus 25+ cryptocurrencies on a platform with the safeguards of a bank.

SOFI PLUS PREMIUM MEMBERSHIP
• 4.50% APY on up to $20,000 in savings with a SoFi Plus membership.¹
• 1% Invest Match² on eligible deposits into non-retirement SoFi Invest® accounts.
• Unlimited sessions with experienced SoFi Wealth Financial Planners.³

STOCK TRADING & INVESTING
• Trade stocks and ETFs through SoFi Securities to build your investment portfolio (other fees apply).
• Invest in fractional shares from $5, or explore index funds, ETFs, and options trading (restrictions apply).
• Automated investing, IRA and Roth IRA retirement accounts, and portfolio management through SoFi Wealth.

BUDGET APP & MONEY MANAGEMENT
• Budget app to track spending, set savings goals, and manage your finances from one place.
• Track expenses, monitor your net worth, and manage linked accounts in one place.

LOANS & CREDIT SCORE
• Personal loans and student loan refinancing for debt consolidation and large purchases. Pre-qualify in minutes without affecting your credit score.
• Credit score monitoring, credit report access, and credit-building tools.

BANK SECURITY & CUSTOMER SUPPORT
• Bank-level encryption, fraud alerts, and instant notifications for suspicious activity.
• Financial support team available 7 days/week via chat or (855) 456-SOFI (7634).

For disclosures on SoFi Invest platforms visit SoFi.com/legal. For a full listing of the fees associated with SoFi Invest please view our fee schedule (https://www.sofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf).

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

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service and for SoFi to present to you data we have received from the credit bureau. The credit score and associated data provided to you is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

⁴Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.

We do not charge any account, service, or maintenance fees for SoFi Checking and Savings. We do charge transaction fees for outgoing wire transfers, Instant Transfers, and global remittance transfers. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/.

8x based on FDIC monthly savings account rate as of April 20, 2026.

Ratings and reviews

It's a pretty alright app with lots of helpful features. I do really wish that the pop-up notifications I get would translate into persistent notifications in the app, or that clicking them might actually take me to review the trades I'm being notified about. As it is, I have to spend way too much time slogging through the menus and trying to remember disappeared information to track what's going on in my account and act appropriately.

Generally, the bank and the app are alright. However, I am having a major issue with the fact that some merchants simply don't accept the card as payment. In my experience this has mostly been restaurants. It's super embarrassing to have my card denied when trying to pay a bill. Even though the card still works via Google Wallet. SoFi needs to investigate why their card is not being accepted by some merchants.

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.

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].