With Recurring Deposits, you can set up automatic deposits into your SoFi Invest account at a frequency of your choice. This is a great way to make investing a habit and save for the long-term.
To initiate a new recurring deposit:
Within the app or web browser, once logged in to your Invest account click on the Trade button and select Add Cash. After you choose the amount and the bank account you would like to have your funds pulled from, you can click on “Frequency”. Here you can adjust your deposits to weekly, every two weeks, or monthly and even choose the day of the week that works best for you. Be sure to review the information and confirm your selection.
To edit or cancel a recurring deposit:
Within the app or web browser, if you have an existing recurring deposit and would like to edit it, you can find the transaction listed under the Recent Activity section. You should see a transaction item for a scheduled deposit and the amount you have chosen. If you click on that scheduled transaction you will be able to find further detail, edit the amount or frequency, and cancel the recurring deposit.