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If you are an enormous advantage of SoFi Checking and Deals is the fact you don’t need to value membership fees3, such as a monthly repair payment, that does not mean SoFi Checking and you can Savings is totally fee free. For those who open a good SoFi Currency account ahead of the company’s incorporation because the a bank, don’t get worried—it is possible to keep your pros up to the spending membership is actually converted to the new Checking and Savings unit. Up to seemingly has just, SoFi® was not technically a bank—even when customers deposits were FDIC insured4. As well as, you earn 0.50% APY to the checking balance, whether or not you install head deposit.

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