SoFi does not charge trading fees or commissions, but your account could be subject to service charges. For instance, there could be a $15 returned ACH fee if a transfer is reversed. ACH transfers may be reversed by your bank for various reasons. Here are some common reasons your bank may reverse your ACH transaction:
- Insufficient Funds
- Unavailable Funds
- Account is Frozen
- Account is Closed
If you have had a transaction reversed by your bank, we recommend that you reach out to your banking institution.