You can change your dividend reinvestment (DRIP) instructions at any time. When turning dividend reinvestment (DRIP) on or off, it may take up to 3 business days for changes to be in effect. Not all dividends or securities are eligible for reinvestment. Reinvestment instructions must be turned on or off 3 days prior to the record date for a particular dividend to be included or excluded for reinvestment.
Simply visit the “Manage” option within your account on the app or on the web and select “Dividend reinvesting”. Toggle the selection on or off using the SoFi app or check/uncheck the box while on the web. (Views of both are below.)
