If you have a $0 Balance - We will go ahead and submit the request to close your SoFi Invest account. The account will be closed within 5-7 business days.
If you have a Full Balance - In order to close your Invest account, you will have to have a zero balance. Please see the How do I withdraw cash from my SoFi Invest account? article for in-depth instructions.
- For Automated accounts: Withdrawing funds takes about 4-6 business days to complete because we must sell the securities.
- For Active accounts: Withdrawing funds takes about 1-3 business days, depending on conditions of the accounts (no pending, trades, and settlements have cleared).
- Transfer to another brokerage firm. You do also have the alternative option to request to have your Invest account transferred to another brokerage firm instead. If you would like to initiate this action, you would need to contact the firm you would like to transfer to. (Please note: there is a $75 transfer fee for outgoing securities from SoFi Active Invest accounts.)
Once your account is at a zero balance, we can then submit the request to close your SoFi Invest account.
To complete the request, please call us at 855-456-7634.