Janet: Say goodbye to account fees when you bank with SoFi

No account fees, no kidding.

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Log in ›     Hi Janet, Tired of the endless fees and outdated practices of traditional banks? It's time to make the switch to SoFi Checking and Savings. When you open an account with us, you pay zero account fees^. No overdraft fees‡, no balance minimums, or monthly charges.     Plus, enjoy no-cost benefits like:     Up to a $300 bonus†, plus premium benefits Get our best interest rates, rewards, and discounts at no cost with SoFi Plus1 when you sign up for direct deposit.     Up to a $300 bonus†, plus premium benefits Get our best interest rates, rewards, and discounts at no cost with SoFi Plus1 when you sign up for direct deposit.     Ready to make the switch to SoFi?     Open an account       Have questions? Contact us   Download the SoFi app   SoFi Checking and Savings is offered through SoFi Bank, N.A. Member FDIC. The SoFi® Bank Debit Mastercard® is issued by SoFi Bank, N.A., pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. ^ We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/. ‡Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with Eligible Direct Deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The 30-Day Evaluation Period refers to the "Start Date" and "End Date" set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the "30-Day Evaluation Period"). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage. † The following describes the terms that apply to participation in the SoFi Checking and Savings direct deposit promotion (the "Direct Deposit Promotion") offered by SoFi Bank, N.A, Member FDIC ("SoFi"). Eligible Participants: All new and existing members without any history of direct deposit transactions into their SoFi Checking and Savings account are eligible to earn a cash bonus of either $50 OR $300 under the Direct Deposit Promotion. Members who previously enrolled in direct deposit into either SoFi Money or SoFi Checking and Savings, whether currently still enrolled or not, do not qualify for this Direct Deposit Promotion. Bonuses are limited to one per SoFi Checking and Savings account. In the case of a joint account, only the primary account holder (the member who signed up first) is eligible for a bonus. Member must have an open SoFi Checking account in good standing at the time of the bonus payment. Promotion Period: The Direct Deposit Promotion will begin on 12/7/2023 at 12:01AM ET and end on 1/31/2026 at 11:59PM ET. Bonus Terms: In order to qualify for a bonus of either $50 OR $300, SoFi must recognize receipt of at least one Eligible Direct Deposit (as defined below) from an Eligible Participant, the first of which must be before the end of the Promotion Period. The amount of the bonus, if any, will be calculated during the Direct Deposit Bonus Period as described and defined below. Eligible Direct Deposit means a recurring deposit of regular income to an account holder's SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder's employer, payroll or benefits provider or government agency ("Eligible Direct Deposit") via the Automated Clearing House ("ACH") Network. Although we do our best to recognize all Eligible Direct Deposits, a small number of employers, payroll providers, benefits providers, or government agencies do not designate payments as direct deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. After SoFi validates the details of your Eligible Direct Deposit, your Direct Deposit Bonus Period will be treated as having started on the date we receive your first Eligible Direct Deposit. Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g. IRS tax refunds), do not constitute Eligible Direct Deposit activity. SoFi Bank shall, in its sole discretion, assess each account holder's Eligible Direct Deposit activity to determine eligibility and may require additional documentation to complete this verification. Direct Deposit Bonus Period: The Direct Deposit Bonus Period begins when SoFi receives an Eligible Direct Deposit of $1 or more within the Promotion Period and ends 25 calendar days later (the "Direct Deposit Bonus Period"), subject to the Bonus Terms. For the avoidance of doubt, the Direct Deposit Bonus Period shall not extend beyond the Promotion Period. Bonus Amount: The bonus amount will vary based on the total amount of Direct Deposits received during the Direct Deposit Bonus Period. Total Direct Deposit Amount Received During Direct Deposit Bonus Period Cash Bonus Tier $1.00 - $999.99 $0 $1,000.00 - $4,999.99 $50 $5,000.00 or more $300 Once the Direct Deposit Bonus Period has elapsed, SoFi will determine if you have met the offer requirements and will deposit any earned bonus into your checking account within seven (7) business days. For example, if SoFi receives between $1,000.00 and $4,999.99 in Eligible Direct Deposits during the Direct Deposit Bonus Period, you will receive a one-time cash bonus of $50. A member may only qualify for one bonus tier and will not be eligible for future bonus payments if Eligible Direct Deposits subsequently increase after the Direct Deposit Bonus Period. Bonus Payment Timeline: SoFi will credit members who meet qualification criteria within seven (7) business days of the end of the Direct Deposit Bonus Period. Tax Reporting: Bonuses are considered income and may be reportable on IRS Form 1099-INT or Form 1042-S as applicable. Other Important Details: SoFi reserves the right to exclude any members from participating in this Promotion for any reason, such as suspected fraud, misuse, or suspicious activity. SoFi also reserves the right to modify or end the Promotion at any time. Interest Rates: SoFi members can earn the following annual percentage yields (APY): With Eligible Direct Deposit: Savings (including Vaults): 3.80% APY. Checking: 0.50% APY. No minimum Direct Deposit amount is required to earn the 3.80% APY on savings. Without Eligible Direct Deposit: Savings (including Vaults): 1.00% APY. Checking: 0.50% APY. Other Rates Details: Rates are variable and are subject to change at any time. Rates are current as of 1/24/2025. No minimum balance is required. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. 1See SoFi Plus details and terms at https://www.sofi.com/sofi-plus/. SoFi Bank values your privacy and the security of your personal information so please do not include sensitive personal information, such as your Social Security number, in any email or letter that you send to us. Unsubscribe  |  Privacy  |  Licenses SoFi Bank, N.A., 2750 East Cottonwood Pkwy #300, Cottonwood Heights, UT 84121 © 2025 SoFi Bank, N.A. Member FDIC. Equal Housing Lender. All rights reserved. w: 1553561