Buying power is the money available within a brokerage account for the purchase of securities. Your Active Invest account buying power will determine how many shares of an IPO or units of a SPAC IPO that you may purchase. The components of buying power include settled cash, cash from recent transactions that have not yet settled, incoming wires and any instant funding from pending ACH deposits.
On the SoFi mobile app, buying power is displayed near the top of your Active Invest summary section. Buying power is also displayed on the top-right corner of the order entry page.
On SoFi.com, buying power is displayed within the My Holdings section of your Active Invest account summary section. Buying power is also displayed near the top of the order entry page.