When it comes to managing your finances, it's important to know the payment options available to you. In this article, we will explore the check and money order policies with SoFi Money, including what types of checks and money orders are accepted, how to endorse them, and whether cashier's checks and money orders can be issued.
Accepted Check and Money Order Types:
SoFi Money currently accepts the following types of checks and money orders:
- Personal Signed Checks
- Cashier's Checks
- Money Orders
- Pay-stub Checks
Endorsement Requirement: To ensure a smooth deposit process, it is important to apply a restrictive endorsement on the back of the check or money order. For checks and money orders deposited through SoFi Money, please endorse them with the phrase "For mobile deposit only at SoFi Bank."
Types of Checks and Money Orders NOT Accepted:
While SoFi Money accepts a variety of check and money order types, there are a few that are currently not accepted. These include:
- Credit Card Checks
- Third-Party Checks
- Remotely Created Checks: (also known as Demand Drafts)
Issuing Cashier's Checks and Money Orders:
SoFi Money does not currently issue cashier's checks, certified checks, or money orders. However, personal checks can be issued through SoFi Money.