Sofi® was an online bank launched in 2011 and got a bank charter in 2022. Its SOFI Check & Savings Account is a two-for-one, giving you both checking and thrift without a monthly fee or opening deposit requirements, and you can earn interest in the same balance. Sofi also offers investment, lending, credit card and more.
But if you wish the best of what Sofi would offer, you would need a With being a member.
What is Sofi Plus?
Sofi Plus is the “premium” option of banking membership. It's completely optional, but it makes being a SOFI customer better – especially for those with SOFI checking & savings account.
Plus Membership will get you perks like a higher apy with your SOFI saving balance, SOFI Invest® repetitive deposit matches, higher cashback reward with selected SOFI credit cards and more.
Earn more of Sofi Plus
Sofi Plus is free when you set up a direct deposit, or a $ 10 monthly subscription fee.
Earn 3.80% APY in savings.
Snag an unlimited 1% match with repeat -repeating SOFI Invest® deposits, reward points paid.
10% BOOST TO CASH BACK REWARDS TO SELECT SOFI CREDIT CARD.
Get unlimited access to financial planners, live events and other member experiences.
New and existing Review members and saving that are not yet enrolled in direct deposit along with SOFI deserves to earn a cash bonus of either $ 50 (with at least $ 1,000 total direct deposit received during the direct deposit bonus period) O $ 300 (with at least $ 5,000 total direct deposits received during the direct bonus deposit period). The cash bonus is based on the total amount of direct deposit. Direct Deposit Promotion begins at 12/7/2023 and is available by 1/31/2026. See full bonus and annual percentage Ani -ani (APY) Sofi.com/Banking#1 Terms.
SOFI members who enroll in SOFI including direct deposits or by paying a subscription fee to SOFI Plus every 30 days or with $ 5,000 or more of qualified deposits during the 30-day review can earn 3.80% annual percentage yield (APY) in savings balances (including vaurates) and 0.50% APY to review. There is no minimum direct amount of deposit required to qualify for the stated interest rate. Members who do not either Sofi Plus or qualified deposits, during the 30-day review period will get 1.00% APY in savings balances (including vaults) and 0.50% APY to check the balances. Only members of the SOFI Plus are eligible for other benefits of SOFI Plus. Interest rates are variable and subject to change at any time. These rates are currently 1/24/25. There is no minimum balance requirement. Further information can be found to see the terms and conditions of SOFI Plus at https://www.sofi.com/terms-of-use/#plus.
We do not charge any account, service or maintenance for checking and saving SOFI. We charge a transaction fee to process each outgoing wire transfer. SOFI does not charge a fee for incoming wire transfers, however the bank sending can be charged. Our fee policy is subject to change at any time. See Sofi Checking & Savings sheet for details at sofi.com/legal/banking- Fees/.
The Sofi Bank is an FDIC member and does not provide more than $ 250,000 of FDIC insurance per depositor per legal account owner category, as described in FDIC regulations. Any additional FDIC insurance is provided by the SOFI deposit program. Deposits can be ensured up to $ 3m by participating in the program. See the full term at sofi.com/banking/fdic/sidpterms. See the list of participating banks at sofi.com/banking/fdic/participatingbanks.
We have partnered with Allpoint to provide you with ATM access to any of the 55,000+ ATMs within the Allpoint Network. You will not be charged when using an in-network ATM, however, third-party fees are earned when using out-of-network ATMs are not subject to repayment. SOFI ATM policies are subject to a change in our decision at any time.
Early access to direct deposit funds is based on the timing in which we receive the notice of the upcoming payment from the Federal Reserve, which is usually up to two days before the set Payment date, but may vary.
The disclosure of sweepstakes: No purchase required. A purchase will not increase your chances of winning. Only open to legal residents of 50 US/DC, 18+. Void in which law prohibits. The sweepstakes end at 11:59 pm et on 5/14/25. Subject to official policies, including alternative and free entry procedures, prizes, limits, and odds, click Here. Sponsor: Social Finance LLC (“Sofi”) 234 First Street, San Francisco, CA 94105.
The benefits of Sofi Plus
We list the benefits of a regular SOFI member compared to a plus member for easy comparison.
Sofi Savings APY
Up to 1.00% APY
Up to 3.80% APY
Repeat -repeating deposit matches in SOFI Invest
N/a
Unlimited 1% match with repeat -repeating SOFI Invest deposits (Reward Points Payment)
Strengthened cash back
N/a
Up to 10% on Sofi's selected credit cards
Wealth of Sofi one-on-one session
30-minute intro session
Accessing financial planners
Sofi plus experience
N/a
Member experiences, such sports or live recreation events through exclusive giveaways and ticket offers.
How to Get Sofi Plus
You can be a Sofi Plus member in one of two ways:
Set up a direct deposit
Pay a $ 10 monthly subscription fee
The option to pay $ 10 per month for a plus membership is new to 2025. SOFI has introduced it to give customers access to its membership without a direct deposit.
Longtime Sofi customers who receive a direct deposit are considered a Plus member and do not have to pay a $ 10 subscription fee.
Alternatively, if you just want to earn the highest APY saving on your SOFI saving balance, you can deposit $ 5,000 per month-you will not just be a full Plus member.
Bottom line
Sofi Plus is an optional membership for SOFI customers. The simplest way to become a member of Sofi Plus is to set up a direct deposit on your account on checking and saving SOFI, and there are no required amounts you must direct the deposit, either. If you do not want to deal with deposit requirements, you can pay a $ 10 subscription fee to become a Plus member.
Sofi Checking & Savings has a lot of value on its own, with no monthly fees, saving rotations, high potential income, saving “vaults” to sort your thrift goals, early direct deposits and free overdraft fees. This account usually earns a place on our best checking account listing.
If Sofi isn't exactly what you're looking for, compare other banks like Sofi.
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Bethany Hickey is the banking editor and expert in personal finances in finder, which specializes in banking, lending, insurance, and crypto. Bethany's expertise in personal finances has gained recognition from valued media outlets, such as Nasdaq, MSN, Yahoo Finance, Gobankingrates, Supermoney, Aol and Newsweek. His articles offer practical financial techniques to Americans, providing them to make decisions that meet their financial goals. His previous work includes articles in developing spending and saving habits, lending, budgeting and managing debt. Before joining the finder, he was a content manager in which he wrote way -articles and articles on auto financing and credit arrangements for CarsDirect, Auto Credit Express and the car connection, among others. Bethany is already holding English from the University of Michigan-flint, and has been a poem editor for the University's Qua Literary and Fine Arts magazine. See the whole bio
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