To add a payable on death (POD) beneficiary, to your SoFi Checking and Savings account click here or follow the steps below:
- Log in to your account via sofi.com
- Navigate to your Banking account overview page
- Go to More
- Scroll down and select Beneficiaries from the left-hand menu
- Select +Add Beneficiary
- Input your beneficiary’s information and confirm
You can add up to five primary and five secondary beneficiaries. These beneficiary designations will apply only to your Checking and Savings accounts.
When naming an individual as your beneficiary, you’ll need their full name, Social Security number, date of birth, and a U.S. address.
Your banking balances will be evenly split among your primary beneficiaries first—and will be split evenly among secondary beneficiaries only if there’s no living primary beneficiary.
If you are looking to add beneficiaries to your SoFi Invest accounts, learn more here: Am I able to have beneficiaries listed on my Invest accounts?
Note: If you filled out a Payable on Death form before the online beneficiary designation was made available, simply submit the request online. The online submission replaces the form and becomes the current list of beneficiaries on your account. If you have not updated these existing beneficiaries online by June 23, 2023, they will be removed from your account and no longer be applicable.