Absolutely. SoFi Checking and Savings receives industry-standard FDIC insurance of up to $250,000 per member (joint accounts are insured up to $500,000). For more information on FDIC insurance coverage, please visit www.FDIC.gov.*
*Deposits in checking and savings accounts are insured up to $250,000 per depositor for each account ownership category
Additional Insurance of up to $2 million may be available through the SoFi Insured Deposit Program. You can learn more about the SoFi Insured Deposit Program in the Terms & Conditions.