SoFi Money Account Type

SoFi Money is a cash management account that combines the features of a checking and savings account. It offers an interest-earning cash account with no monthly fees, no minimum balance requirements, and the ability to spend freely. Account holders can earn up to 1.00% APY on balances up to $50,000 with qualifying direct deposits, while balances above that earn 0.05% APY. Additionally, SoFi Money provides no-fee overdraft coverage of up to $50, and customers can access their funds through a large network of surcharge-free ATMs. The account also includes features like direct deposit, cash back offers, and the ability to create savings goals through "vaults."

SoFi Money Broker Account Opening Process

To open a SoFi Money account, follow these steps:

• Visit the Official Website: Go to SoFi's official website to ensure your personal information remains secure.
• Select SoFi Money: Navigate to the SoFi Money product page to begin the signup process.
• Start the Sign-Up Process: Click on the button labeled "Get Started" or "Find My Rate."
• Provide Personal Information: Fill out the form with your full name, address, email, phone number, and Social Security number for identity verification.
• Create Login Credentials: Choose a secure username and a strong password.
• Agree to Terms and Conditions: Read and agree to SoFi's terms and conditions.
• Verify Your Email: Check your email for a verification link from SoFi and click it to confirm your account.
• Complete Additional Verification: If required, upload documents or link your bank account.
• Set Up Your Profile: Log in to complete your profile and set up financial goals.
• Start Using SoFi Money: Explore the services available to manage your finances effectively.

By following these steps, you will have a fully functional SoFi Money account, ready for use.