How do I withdraw cash from my SoFi Self-Directed account?

Your SoFi Self-Directed account balance includes two categories: withdrawable cash and buying power.

Your withdrawable cash amount will include all funds that are settled, cleared, and available to withdraw back to your bank account.

A security you sell will typically settle one (1) business day after your trade date. The one-day settlement cycle is a regulatory requirement set by the Securities and Exchange Commission.

Additionally, recently deposited funds, bonus and fee credits are subject to a 5 business day deposit hold.

Please note: The funds from a Securities, Options, ETFs, Mutual Fund or Alternative Fund sale cannot be withdrawn until after your trade is processed. We still allow you to use the proceeds from this sale to buy additional Securities, Options, ETFs, Mutual Funds or Alternative Funds before the settlement date of your sale; this is your buying power.

Conditions that must be satisfied before your funds are available to withdraw:

Your deposit hold has settled, 5 full business days after your deposit has posted. (Market holidays are not included in this business day count)
Your sell trade has settled, one business days after your trade has executed.

Steps to withdraw funds from Self-Directed Account:

SoFi Website: Click the following link to initiate a withdrawal: https://www.sofi.com/wealth/app/withdrawal

Select the applicable Invest account needed to make the withdrawal from
Select the More button
Select the Available Funds tab
Click Withdraw cash
Enter the amount of the withdrawal up to the available balance
Select the account the funds should be deposited into
Select Withdraw cash
Review and confirm the withdrawal

SoFi App: Select the Invest Account you wish to withdraw from, tap on the Trade button in the bottom right corner of the screen and select Withdraw.