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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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When will my funds/deposit be available to use on my Invest account?

2 months ago · Updated

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We sincerely apologize for any funding delay you may be experiencing. If you're contacting us because your application is in a 'Pending' status please bear with us as we conduct a thorough review of your information. In the meantime, please ensure no additional documents are required on your account.

If your funds were transferred between your self-directed SoFi Invest brokerage accounts, they will be available for trading immediately.

If your funds were deposited using SoFi Checking or Savings, you will have instant funding availability up to $250,000 a day, and $1,000,000 per month!

If your funds were deposited using an external bank account, your instant funding limit amount is available to trade instantly*.

Any funds above your instant funding limit will be available to trade 3 business days post deposit. Under ‘Pending Deposits’, you will be able to see the remaining requested funds preparing for deposit.

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(Please Note: All prior deposits must clear before funds will be available instantly on any subsequent deposits.)

*Eligibility requirements include:

  1. Your external bank account must be linked, verified, and approved through our instant verification process.
  2. Your external bank account must have a reported balance greater than or equal to your deposit.


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