SoFi Checking & Savings combines checking and savings into one online banking experience designed for people who want fewer fees and more from their everyday money.
There are no monthly account, service or maintenance fees and no minimum balance requirement. Members also have access to more than 55,000 Allpoint ATMs without an in-network ATM fee.
The biggest benefits come when you make SoFi your primary banking relationship. Members with eligible direct deposit can currently earn 3.10% APY on savings and may receive their paycheck up to two days early. Qualifying SoFi Plus members can currently earn 4.50% APY on up to $20,000 in savings, with 3.10% APY applying to additional savings balances.
SoFi is also currently offering eligible customers who have never set up direct deposit with SoFi a bonus of up to $400. The bonus ranges from $50-$500 and depends on the amount of eligible direct deposits received during the qualifying 25-day period after account signup.
SoFi Checking & Savings may be a particularly strong fit for someone comfortable with online banking who wants checking and savings in one place and plans to use direct deposit.
Highlights
No monthly account, service or maintenance fees
Earn 3.10% APY on savings with eligible direct deposit
Qualifying SoFi Plus members can earn 4.50% APY on up to $20,000 in savings
Get paid up to two days early with eligible direct deposit
Access 55,000+ Allpoint ATMs with no in-network ATM fee
Eligible members can receive overdraft coverage up to $50
Eligible customers can currently earn a direct deposit bonus of up to $400
About Sofi
SoFi stands out for combining checking and savings with no monthly maintenance fees and a strong set of benefits for customers who use direct deposit. The savings APY, early paycheck access, large fee-free ATM network, and integrated digital experience make it worth considering for someone comfortable banking primarily online. SoFi Checking & Savings is offered through SoFi Bank, N.A., Member FDIC.
WalletPal may receive compensation when you click through or open an account through this page. Compensation does not determine how WalletPal evaluates or presents an offer. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. APYs are variable and subject to change. Rates, bonuses, features and eligibility requirements shown were current when this page was published and may change. Certain benefits require eligible direct deposit or other qualifying activity. See SoFi for current rates, fees, eligibility requirements and complete terms.