You can send money to friends right from the SoFi app. Here’s how:
- Go to Banking > Pay > Pay a friend (U.S. or abroad)
- Select a recipient from your recent contacts, or add a new one
- When asked where they’re located, choose In the U.S.
- Enter their email address or phone number
- Enter the amount you want to send, add a note if you want, and review the details
- Slide to submit the payment
If the person you’re paying has SoFi Checking and Savings accounts, they’ll get the money instantly.
If they’re not a SoFi member, they’ll get an email or text with instructions to claim the money. They’ll have a five days to accept it. If they don’t, the payment will be canceled and the money will go back to your checking account.
You can cancel unclaimed payments to non-members, but payments to other SoFi members are sent instantly and can’t be canceled.