Are funds in my Money Vaults FDIC insured? October 13, 2020 22:02 Yes! Your available SoFi Money balance is FDIC insured, along with any funds you transfer to one or more Money Vaults. Related articles How do I open a Vault? Can I pay bills using a specific Vault? What are SoFi Money vaults? Can I spend directly from a vault? How many vaults can I have?