Instant Transfers let you move money between SoFi and your eligible, connected bank accounts via the FedNow® Service in seconds, 24/7/365, instead of waiting 1–3 business days for an ACH.
Instant Transfers rely on the FedNow® Service, which moves money faster than traditional bank transfer methods.You can send money in seconds from your SoFi Checking, Savings or Samsung by SoFi account to your eligible, external bank accounts that are also partnered with FedNow®. More than 1,600 financial institutions participate in the FedNow® network — including Capital One, Chase, Citi, and Wells Fargo — and the network continues to grow. You can view the full list of eligible banks here.
Note that a small fee applies for initiating instant transfers. You can view a full list of SoFi fees here.
Instant Transfers aren’t available for SoFi Money. You can upgrade to SoFi Checking & Savings at no cost to use this feature.