When you set up a Recurring Investment, we’ll automatically purchase shares for you on a schedule that you choose.
- Choose a stock eligible for fractional trading.
- Select the Trade option and then select Recurring.
- Select the frequency and dollar amount that works for you.
- Once confirmed, the order will show as 'Pending' under your 'Scheduled Activity'.
Your recurring investment cannot exceed your instant funding limit if the funds are being received from an external bank account. If you set up the recurring purchase from SoFi Money, the recurring amount can be up to $50,000.
(Please Note: All prior deposits must clear before funds will be available instantly on any subsequent deposits.)
If your recurring investment falls on a day that the market is closed, like a weekend or holiday, we’ll queue it for the next trading window when the market is open.
Check out this video to see the few simple steps to take in setting up a recurring investment: