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 5x the national average on all your cash vs. traditional transaction accounts and are eligible for cash back 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 Mastercard debit card, and customer support.