How do I withdraw cash from my SoFi Invest account?

  • Updated

Your SoFi Invest account balance includes two categories: withdrawable cash and buying power.

Your withdrawable cash amount will include all funds that are settled, cleared, and available to withdraw back to your bank account. Once all activity in an account settles, buying power and withdrawable cash will be equal.

A security you sell will typically settle around 9:00 AM ET two business days after your trade date. The two-day settlement cycle is a regulatory requirement set by the Securities and Exchange Commission. 

  • Proceeds from the sale of cryptocurrencies are subject to a 1 business day hold.
  • Additionally, recently deposited funds, bonus and fee credits are subject to a 5 business day deposit hold.

Please note: The funds from a securities or cryptocurrency sale cannot be withdrawn until after your trade is processed. We still allow you to use the proceeds from this sale to buy additional securities or cryptocurrency before the settlement date of your sale; this is your buying power.

 

ACTIVE INVESTING

Conditions that must be satisfied before you can withdraw funds from an Active Account: 

  1. Your deposit hold has settled, 5 business days after your deposit has posted. (Market holidays are not included in this business day count)
  2. Your trade has settled, two business days after your trade has executed. 

Steps to Withdraw funds from Active Account: 

On Desktop: Click the following link to initiate a withdrawal: https://www.sofi.com/wealth/app/withdrawal 

In Mobile App: Select the Invest Account you wish to withdraw from, click ‘Manage’, click ‘Withdraw’. 

  1. Choose the amount you would like to withdraw (up to the amount of withdrawable cash available showing).
  2. Select the 'From' and 'To' accounts for transfer. 
  3. Finally, click 'Review' when you are ready to submit your withdrawal. (Please Note: It can take 1-3 business days for your funds to post into the selected account base on normal ACH deposit timeframes).


AUTOMATED INVESTING

Conditions that must be satisfied before you can withdraw funds from an Auto Account: 

  1. Your deposit hold has settled, 5 business days after your deposit has posted. (Market holidays are not included in this business day count).

Steps to Withdraw funds from Auto Account: 

Please Note: With an Auto account, all funds will be invested and will show full account value.

On Desktop: Click the following link to initiate a withdrawal: https://www.sofi.com/wealth/app/withdrawal 

In Mobile App: Select the Invest Account you wish to withdraw from, click ‘Manage’, click ‘Withdraw’.

  1. Choose the amount you would like to withdraw (up to your full account value will be displayed).
  2. Select the 'From' and 'To' accounts for transfer. 
  3. Once a withdrawal is initiated, it will trigger the trade to generate withdrawable cash. Trades will process on the next available business day.
  4. Finally, your requested withdrawal will initiate into your selected account, 2 business days from the trade execution date. (Please Note: It can take 1-3 business days for your funds to post into the selected account base on normal ACH deposit timeframes).


CRYPTO

Conditions that must be satisfied before you can withdraw Crypto funds from an Active Individual Account: 

  1. The sale of cryptocurrency has settled, 1 business day after your trade has executed.
  2. Crypto, at SoFi, is only for investing purposes - you cannot link a wallet with SoFi, at this time.

Steps to Withdraw Crypto funds from an Active Individual Account: 

On Desktop: Click the following link to initiate a withdrawal: https://www.sofi.com/wealth/app/withdrawal
In Mobile App: Select the Invest Account you wish to withdraw from, click ‘Manage’, click ‘Withdraw’.

  1. Choose the amount you would like to withdraw (up to the amount of withdrawable cash available showing).
  2. Select the 'From' and 'To' accounts for transfer.
  3. Finally, click 'Review' when you are ready to submit your withdrawal. (Please Note: It can take 1-3 business days for your funds to post into the selected account base on normal ACH deposit timeframes).

If you have additional questions, you can start a chat with us. Please note, you will be prompted to log in.



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