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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

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SoFi Money Autopilot

3 months ago · Updated

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  • What features do I get with recurring direct deposits?

Autopilot is a feature that lets you automate your recurring money moves in the following ways:

  • Save a part of your paycheck toward your goals. Set the dollar amount or percentage you want to save and we’ll automatically transfer it from your direct deposit to one or more of your Vaults.
  • Make recurring transfers to one or more of your Vaults.
  • Activate and manage Roundups to add funds to vaults of your choosing every time you use the SoFi debit card.

Whether you're saving up for a down payment on a house or an emergency fund, Autopilot can help you reach your goals faster.

 

Commonly Asked Questions

 

Question

Answer

How do I access Autopilot?

  1. Log into SoFi Money and from the homepage tap 'Autopilot.’
  2. ‘Create a Vault’ if you haven’t already done so. 
  3. Tap 'New Autopilot.' 
  4. Choose the way(s) you want to automate your recurring money moves.
    1. Split your Paycheck - Create funds transfer rules based on direct deposit. 
    2. Recurring Transfers - Set up recurring transfers between linked 3rd party accounts and SoFi accounts.
    3. Roundups - Turn on and manage Roundups

Can I use Autopilot if I don’t use Vaults?

You will need to have created at least one Vault to use Autopilot.


 

You can click 'Vaults' via your SoFi Money account homepage to get started or you will also have the option to create a Vault while you are initially setting up Autopilot.

What if the dollar amount I specify is larger than my direct deposit?

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    • If you set up an Autopilot recurring paycheck transfer and the dollar amount you had specified is larger than your direct deposit transaction, the full amount of your direct deposit transaction will be automatically transferred to your specified Vault.


     

    Additional funds will not be moved from your spending balance to the Vault to cover the difference.