SoFi Money allows you to securely deposit money, earn high interest, and spend money through bill pay, P2P transfers, and checks.
With $500 monthly recurring deposits, you also earn up to 8x the national average vs. traditional transactional accounts in APY on all your cash and are eligible for cashback rewards when you spend at a rotating list of your favorite brands and merchants.
The funds in your SoFi Money account are subject to FDIC coverage once they are deposited at one of our partner banks. SoFi provides everything else, including, our easy-to-use iOS and Android apps, a web interface, the SoFi Money debit card, and customer support.