Skip Navigation
Log InGet Started

Legal

  • Terms of Use
  • Disclaimers
  • Licenses
  • NMLS Access
  • Eligibility Criteria
  • Accessibility
  • Business Continuity

Company

  • About Us
  • How it Works
  • Reviews
  • Press
  • Our Values
  • Jobs
  • Blog

Find us

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.

Norton Secured, powered by VeriSignTLS 1.2 Encrypted
Equal Housing Lender
  1. Help Center
  2. Chevron RightSearch
Search

How do I set up Pay in 4?

5 hours ago · Updated

  • What tax documents will be prepared for my SoFi Invest account?Chevron Right
  • How did my Market on Open Order cause a negative buying power?Chevron Right
  • Shareholder Meeting/ Proxy VoteChevron Right
  • Can I start or stop dividend reinvestment (DRIP) at any time? / How do I enable or disable the dividend reinvestment (DRIP) option within my account?

Eligible Pay in 4 members can get started with their single-use Pay in 4 virtual card by following these steps:

1. Log in to your SoFi Banking tab and click on your Checking account.

2. If eligible, you will see a Pay in 4 option under the Cards section. Alternatively, you can access this through the gear icon and selecting ‘Pay in 4’..

3. Next, review your approved virtual card amount and payment plan details.

a. Virtual cards can be approved for amounts up to $2000

b. The first payment will automatically be debited from your SoFi Checking account at the time of purchase.

4. Once you agree to the terms and conditions, the next screen will give you the options for how you would like payments to be made for your Pay in 4 loan.

a. If you choose Autopay for your Pay in 4 loan, your SoFi Checking account will automatically be debited every two weeks when a payment is due. If you have more than one account, you will be able to select which Checking account to pay from.

b. You can also choose to make manual payments from your SoFi Checking account.

c. Don't worry -- we'll send you a reminder email five days before your payment is due so you can keep track.

5. Your Pay in 4 virtual card is ready to go! You can choose to provision your virtual card to your Apple or Google digital wallet.

Note: Only eligible members will receive the Pay in 4 offer. The amount approved for use on the virtual card up to $2000 cannot be changed or increased.

 

Chevron Right
  • How can I set up a Recurring Investment?Chevron Right
  • How to sell a Fractional Share (Stock Bit)?Chevron Right
  • How do I open a Self-Directed invest account?Chevron Right
  • How do I close my SoFi Checking and Savings accounts?Chevron Right
  • How do I manually set up direct deposit for SoFi Money? (Direct deposit form)Chevron Right
  • How do I set up Pay in 4?Chevron Right
  • What is spending reserve?Chevron Right
  • How do I find my routing and account numbers for SoFi Money?Chevron Right
  • How do I dispute a charge for my SoFi Debit Card? Can I submit a dispute online? (MasterCard)Chevron Right
  • What if I enter the wrong payment handle or send money to the wrong person? (International recipient)Chevron Right
  • What happens if an international payment is delayed or fails?Chevron Right
  • Tips to help you avoid scams:Chevron Right
  • What tax documents will be prepared for my SoFi Checking and Savings accounts?Chevron Right
  • I earned interest with SoFi Checking and Savings. Will I get a 1099-INT tax form?Chevron Right
  • Why doesn’t the amount on my Form 1099-INT match the interest earned in my SoFi checking or savings account?Chevron Right
  • What is Overdraft Coverage?Chevron Right