Pay a friend (within the U.S)

What is the option to send money to someone in the U.S?

You can send money to another person in the U.S. using their email address or phone number. To do this, you’ll need a SoFi Money account or a SoFi Checking account. You can’t send money to yourself or to someone on your joint account.

If the person you’re paying has a SoFi Checking and Savings account, they’ll get the money instantly. If they don’t, it’ll arrive in 1-3 business days after they accept the payment.

You can also send money internationally. To learn more, read:

What’s the option to send money to someone outside the U.S.?

How do I send money to someone in the U.S?

You can send money to friends right from the SoFi app. Here’s how:

Go to Banking > Pay > Pay a friend (U.S. or abroad)
Select a recipient from your recent contacts, or add a new one
When asked where they’re located, choose In the U.S.
Enter their email address or phone number
Enter the amount you want to send, add a note if you want, and review the details
Slide to submit the payment

If the person you’re paying has SoFi Checking and Savings accounts, they’ll get the money instantly.

If they’re not a SoFi member, they’ll get an email or text with instructions to claim the money. They’ll have a five days to accept it. If they don’t, the payment will be canceled and the money will go back to your checking account.

You can cancel unclaimed payments to non-members, but payments to other SoFi members are sent instantly and can’t be canceled.

When will the person I'm sending money to get it? (U.S recipient)

If the person you’re paying has a SoFi Checking and Savings account, they’ll get the money instantly after you send it.

If they’re not a SoFi member, they’ll get an email or text with instructions to claim the money. Once they follow the steps to accept it, the funds will be sent to their external bank account and typically arrive in 1–3 business days. They have five days to claim the money before the payment is canceled and the funds are returned to your checking account. For more info, please read How does someone get the money if they’re not a SoFi member?

How do I cancel a payment I sent to someone? (U.S recipient)

Only payments that are still pending or unclaimed can be canceled.

If you sent money to another SoFi member:

The money is delivered instantly, so it can’t be canceled. If something went wrong, we recommend reaching out to the recipient and asking them to send it back.

If you sent money to someone who isn’t a SoFi member:

You can cancel the payment in the app or on the web:

Log in to your SoFi account
Go to the Banking
Find the pending payment in the Activity section
Select the payment and tap Cancel
Review, confirm, and you’re all set

To cancel a payment the same day you sent it, be sure to do it before 5:30 PM ET. If it’s after that, the cancellation will process the next day.

These payments are just like any other private transaction between two people. We recommend only sending money to people you know and trust. If you have questions or concerns about a payment, please contact us.