How to transfer money from my SoFi Bank account to another account

What is a bank transfer?

A bank transfer is a transaction that moves money from one bank account to another. Bank transfers offer convenience since you don’t have to withdraw cash to move funds.

What’s the difference between an internal and external transfer?

• Internal transfer: Move money between accounts at the same institution (e.g., SoFi Checking → SoFi Savings).
• External transfer: Move money from your SoFi account to an account at another financial institution.

Mobile: How to make a transfer

We’ve made it convenient to start a transfer right from your home screen.

1. Tap the Fast Action menu button (three lines/dots) and select Transfer money.
2. Select where you want to transfer the money (choose the From and To accounts).
3. Enter the amount.
4. (Optional) Select Change timing:
5. • One-time transfer: Move a set amount once.
   • Recurring transfer: Move a set amount on a schedule.
5. Confirm the information entered is correct, then click Next.
6. If the transfer is eligible for instant settlement via the FedNow® Service, you’ll see the Instant Transfer option.
7. Review and complete the transfer by clicking Transfer money.

Note: Transfers between SoFi Checking, Savings, and Vaults are available instantly.

Web: How to make a transfer

For faster access, you can start a transfer right from the top right of your home screen.

1. From the home screen, select Transfer money at the top right.
2. Select where you want to transfer the money (choose the From and To accounts).
3. Enter the amount.
4. (Optional) Select Change timing:
5. • One-time transfer: Move a set amount once.
   • Recurring transfer: Move a set amount on a schedule.
5. Confirm the information entered is correct, then click Next.
6. If the transfer is eligible for instant settlement via the FedNow® Service, you’ll see the Instant Transfer option.

Review and complete the transfer by clicking Transfer money.