SoFi takes your security very seriously. Upon depositing funds into your SoFi checking and, or savings accounts (including vaults), the balance is FDIC insured up to $250,000 per account holder across all deposit accounts. Joint accounts will be insured up to $500,000. Additional coverage of up to $2 million may be available through the SoFi Insured Deposit Program.
For additional details on FDIC Insurance, please see www.fdic.gov. You can also learn more about the SoFi Insured Deposit Program in the Terms & Conditions.