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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 9/23/26. 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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Mobile Wallets For SoFi Money

3 months ago · Updated

  • Can I have a second SoFi Money™ debit card?Chevron Right
  • Freezing/Unfreezing Your SoFi Money debit cardChevron Right
  • How do I get a SoFi Money debit card for the joint account?Chevron Right
How do I reset my PIN for my SoFi Mastercard Debit Card?Chevron Right
  • I disputed a charge on my debit card and haven't received a responseChevron Right
  • I exceeded my max number of PIN attempts with my debit card. Can you help?Chevron Right
  • I just returned an item purchased with my SoFi Money Debit card…when can I expect to see my refund? Chevron Right
  • I received a new card that I did not requestChevron Right
  • Mobile Wallets For SoFi MoneyChevron Right
  • My SoFi Debit Card has been Damaged, Lost or Stolen.Chevron Right
  • SoFi Money Debit Card ActivationChevron Right
  • What happens if a refund is processed to a deactivated card?Chevron Right
  • When will I receive my SoFi Money Mastercard Debit Card?Chevron Right
  • Apple Pay:
     

    Setting up Apple Pay

    1. Open the Apple Wallet App.
    2. Select the + sign in the top right corner of the screen to add a card.
    3. Touch 'Enter Card Details Manually' at the bottom of the screen.
    4. Enter the name on the card and the card number, then touch "Next".
    5. Enter the expiration date and the CCV.
    6. Review the Terms and Conditions, then click on "Agree".
    7. Select to verify the card with either text message or email.

    Apple Pay Checkout

    1. When prompted to pay, hold the device within 1/2 inch to an inch of the contactless terminal. An image of the SoFi Money card will appear on the screen. 
    2. If there are multiple cards within Apple Pay, tap the screen to choose another card.
    3. Rest finger on the TouchID® sensor and wait for confirmation of fingerprint verification. 
    4. When the payment is successful, the device will show "Done" with a checkmark on the screen.
    5. If prompted for Credit or Debit on the terminal, choose Credit. 
    6. If the last four digits of the card must be provided, use the device account number.
    7. For iPhone, open Wallet, tap the card, then tap the info icon to see the device account number. 

    Apple Pay Returns

    1. On the device used to make the original payment, select the card in Apple Pay that should be refunded.
    2. Hold the device near the reader and authorize the return with TouchID or passcode.

     

    Google Pay:
     

    Setting up Google Pay

    1. Open the Google Pay app.
    2. Sign in with your Google account.
    3. Click on the "+Payment method" button.
    4. Next, select "Credit or debit card".
    5. Use the auto-capture feature to take a picture of the card, or enter the card information manually. 
    6. Review the issuer terms, then click "Accept & continue".
    7. Once the issuer terms have been accepted, Google Pay will contact your bank to add the card. 
    8. The screen will show that the bank is verifying the card. 
    9. Select the method of verification. Choose to receive a verification code via text message or email. 
    10. Enter the verification code, then click "Submit". 
    11. If the card was successfully added, it will be shown in the list of available cards in Google Pay.


     

    Samsung Wallet:
     

    Setting up Samsung Wallet

    1. Open the Samsung Wallet App.
    2. Sign into your Samsung account.
    3. Press the “Menu” button at the bottom of the screen.
    4. Select the ‘Payment Cards’ option.
    5. Select the plus sign at the top right of the screen to add a new card.
    6. Select ‘Add payment cards’ option.
    7. You will have the option to take a photo of the card details or add the card number, cardholder name, expiration date, and security code manually. 
    8. Once the details are captured select ‘Next’.
    9. Review the Terms and Conditions then press "AGREE TO ALL". 
    10. Verify the card by selecting either SMS or Email.
    11. Enter the verification code from the SMS or Email, then press "SUBMIT".

    Samsung Checkout

    1. Swipe up from the bottom of the lock screen to access cards.
    2. Swipe to locate the SoFi Checking & Savings or SoFi Money debit card. 
    3. Place your finger on the home button to verify identity.
    4. To use Samsung PIN instead, touch PIN and enter the four-digit PIN. 
    5. When prompted to pay by the terminal, place the back of the device about 1/2 inch about the card reader on the payment terminal.

     

    You can also add your SoFi Money debit card to your mobile wallet through the SoFi App by following the instructions below:

    1. Log into your SoFi Money Account and select the Gear Icon.
    2. Select ‘Debit Card’.
    3. Select “Add to Wallet’.
    4. Confirm info on screen is accurate then click Next.
    5. Next, Agree to the Terms and Conditions for your Mobile Payment services.
    6. Once completed, you may receive a push notification confirming the add to your mobile wallet as well as seeing the final confirmation screen within the SoFi app.