How to close a SoFi Invest account – SoFi

In order to close your SoFi Invest account:

Verify you have no existing securities positions:
- Review the “Investments” section to confirm
- If you have any holdings in your account, you must transfer them to another firm or liquidate them and withdraw the proceeds
  - For more information on how to complete an ACAT, refer to How do I transfer assets out of my SoFi Invest account as an ACAT?
  - For more information on how to liquidate your holdings, refer to How do I buy and sell a stock on the SoFi app?
Verify that your balance is $0
- View your cash figures in the Buying Power section
- If any funds remain in your account, you must withdraw them to a linked bank account
  - For more information on how to withdraw funds from your SoFi Invest account, refer to How do I withdraw cash from my SoFi Self-Directed account?
  - Note: This may take 2-3 business days to complete
- If you have a negative balance, it must be rectified before proceeding
  - For more information on how to deposit funds into your SoFi Invest account, refer to How do I transfer money from my SoFi Money account to my SoFi Invest account?
Verify that you have no recurring deposits or purchases
- Review the “Scheduled” tab in the Recent Activity section to confirm
- If you have any recurring deposits or purchases in your SoFi Invest account, cancel them
  - For more information on how to cancel your recurring deposit/purchase, refer to How can I edit my Recurring Investment?
Submit the account closure
- Click on the gear wheel "Manage" icon in the top right corner of the screen of your Invest account
- Select "Close Account" to continue closing your account

Note: If there is a negative balance, you will need to bring the balance up to $0 before the account can be closed. If you have concerns about your negative balance or need assistance, please reach out to our Invest team at (855) 456-7634

How do I close my Invest Account if there is a negative balance?

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