Are there any fees for using Overdraft Coverage? March 03, 2021 18:43 Updated Follow There are no fees and no interest charges for using this feature. Related articles How much can I overdraw using this feature? How do I repay my overdraft? I just set up a Direct Deposit with SoFi Money. Why don’t I qualify for Overdraft Coverage? Managing Overdraft Coverage with SoFi Money: Qualifications and Steps What types of purchases can I make using Overdraft Coverage?