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2750 East Cottonwood Parkway #300
Cottonwood Heights, Utah 84121

Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 10/20/26. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet.


Eligible Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Eligible Direct Deposit”) via the Automated Clearing House (“ACH”) Network every 31 calendar days.


Although we do our best to recognize all Eligible Direct Deposits, a small number of employers, payroll providers, benefits providers, or government agencies do not designate payments as direct deposit. To ensure you're earning the APY for account holders with Eligible Direct Deposit, we encourage you to check your APY Details page the day after your Eligible Direct Deposit posts to your SoFi account. If your APY is not showing as the APY for account holders with Eligible Direct Deposit, contact us at 855-456-7634 with the details of your Eligible Direct Deposit. As long as SoFi Bank can validate those details, you will start earning the APY for account holders with Eligible Direct Deposit from the date you contact SoFi for the next 31 calendar days. You will also be eligible for the APY for account holders with Eligible Direct Deposit on future Eligible Direct Deposits, as long as SoFi Bank can validate them.


Deposits that are not from an employer, payroll, or benefits provider or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, Wise, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Eligible Direct Deposit activity. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. SoFi Bank shall, in its sole discretion, assess each account holder's Eligible Direct Deposit activity to determine the applicability of rates and may request additional documentation for verification of eligibility. See additional details at https://www.sofi.com/legal/banking-rate-sheet.


SoFi Bank, N.A. NMLS #696891, Member FDIC

SoFi Lending Corp. NMLS #1121636

234 1st Street, San Francisco, CA 94105

©2026 Social Finance, Inc. All rights reserved.

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How do I change the phone number on my account?

4 months ago · Updated

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  • To update your information, simply log into your SoFi account via the SoFi website or Mobile App! 

     

    Mobile App Instructions

    1. Click on the Profile Icon in the top left corner, and select My Information.
    2. Locate the Contact Info section and click the Edit link next to Mobile Phone. 
    3. Validate your current phone number.
    4. Put your new phone number in and receive a verification code to confirm the new number.
    5. Select Forget remembered devices.
    6. Enter your new mobile phone number in the Phone number field. Then, click Send Text.
    7. Check your phone for a text from SoFi that contains the six-digit verification code. Enter the code in the box. Then, click Verify code. 
    8. You will be redirected to your profile home page. To confirm that the update is successful, repeat steps 1 & 2 and review the phone number listed in your profile. 

     

    Congrats! You have successfully updated your phone number! 

     

     

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    Desktop Instructions

     

    1. Log into your account.
    2. Click on your name in the top right corner, and select My Profile.
    3. Locate the Contact Info section and click the Edit link. 
    4. Locate the Mobile Phone section and click Change Phone Number.
    5. Confirm your current phone number.
    6. Enter your new mobile phone number in the Phone number field. Then, click Send Text.
    7. Check your phone for a text from SoFi that contains the six-digit verification code. Enter the code in the box. Then, click Verify code. 
    8. You will be redirected to your profile home page. To confirm that the update is successful, repeat steps 2 & 3 and review the phone number listed in your profile.