SoFi

Overview / Commentary

www.sofi.com

855-456-7634

One Letterman Drive Building A, Suite 4700
San Francisco, CA 94129

For all the readers who travel internationally. I was out of country this month and used the sofi money bank card to withdraw local currency. Was simple and easy. Heres the benefit. There is no fees for this withdrawel at either sofi or the atm machine. Sofi reimburses the fees. Only charge is 1 percent conversion. Nothing can be done about that. So for 100 dollars removed in local currency i had a 1 dollar conversion fee. So no more cost to convert at airport or hotel or bank. This benefit saves the traveler alot of money during traveling. Just fyi for everyone. Thanks

Sofi Money APY Drops To 1.60% - 10/31/2019

Wasting no time following yesterday's FED rate reduction, SoFi has lowered the APY on their Money account from 1.80% to 1.60%. A message announcing this popped up on their app the moment that I opened to check my balance. I'll not complain too much. From their high of 2.25% on this account and facing 0.75% of reductions in the underlying FED rate, at least SoFi has left us with 0.10% better than a 1:1 change would have.

Sofi Quietly Slips APY On Money Account Down To 1.80% - 9/19/2019

The APY on my SoFi Money account shows as 1.80% this morning vs 2.00% yesterday. Perhaps an email announcement will come out later today. SoFi did inform us one day before the rate decline of Aug 1, so I expect the communication will pop up quite soon. Will be disappointed if they delay too long, though.

View all posts from:

2019

11/18 - One Benefit Of Sofi Money Account
10/31 - Sofi Money APY Drops To 1.60%
9/19 - Sofi Quietly Slips APY On Money Account Down To 1.80%
8/19 - Review of SoFi Money
8/1 - Sofi Money Mirrors The FED, Rate Drops From 2.25% To 2.00% Effective 8/1/19
2/13 - Sofi 2.25% Checking Account Dropped All Direct Deposit & Spending Restrictions

Reviews (2)

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So Fi Is Excellent! Easy $50 Bonus

Posted by: oak404 | Aug 16, 2019

I am extremely happy with my So Fi checking account. They refund any ATM fees instantly
and pay a great interest rate of 2.0%.
Their referral plan is amazing also. You can earn $50 for each friend that opens an account with just a $100 deposit and you both get $50. Your friend can get their own referral link to give out. Anyone interested feel free to send me a PM and I will be happy to get you a link to open your account.

Thanks

3

Very Pleased

Posted by: garyh1961 | Jul 15, 2019

I opened a sofi account 4 months ago. The 2.25 % interest on the liquid money acccount is stable and has not changed. Also can have automated investments set up if you like that, I referred a friend and we both received a 50 dollar bonus when he opened with only 100 dollars. Its worth a look. If you want the bonus you need to sign up through a referral link. If you want that tell me i wili forward anyone who ask. They have free services for people who lose there job such a s free resume writing services

Check it out

3

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One Benefit Of Sofi Money Account

garyh1961 | Nov 18, 2019

For all the readers who travel internationally. I was out of country this month and used the sofi money bank card to withdraw local currency. Was simple and easy. Heres the benefit. There is no fees for this withdrawel at either sofi or the atm machine. Sofi reimburses the fees. Only charge is 1 percent conversion. Nothing can be done about that. So for 100 dollars removed in local currency i had a 1 dollar conversion fee. So no more cost to convert at airport or hotel or bank. This benefit saves the traveler alot of money during traveling. Just fyi for everyone. Thanks

5

Sofi Money APY Drops To 1.60%

pgroove_fan | Oct 31, 2019

Wasting no time following yesterday's FED rate reduction, SoFi has lowered the APY on their Money account from 1.80% to 1.60%. A message announcing this popped up on their app the moment that I opened to check my balance.

I'll not complain too much. From their high of 2.25% on this account and facing 0.75% of reductions in the underlying FED rate, at least SoFi has left us with 0.10% better than a 1:1 change would have.

1

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SoFi Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.60%	-	-	SoFi Money

Locations

SoFi is an Internet only bank and does not have branch locations. Its headquarters is located at One Letterman Drive Building A, Suite 4700 - San Francisco, CA 94129

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