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Financial institutions
LiveNeobanks & digital banksUnited States

SoFi

By SoFi Bank, N.A.

SoFi is a digital banking platform and neobank that offers a combined checking and savings account model to help users manage their finances in one place. It is designed for consumers seeking high-yield interest rates, no monthly fees, and early access to paychecks via direct deposit. The platform reached sustained quarterly profitability in 2025 and serves as a major player in the U.S. digital banking market.

Last verified todayOfficial site
What it offers
  • Users can earn up to 4.00% APY on savings balances by meeting direct deposit requirements or depositing $5,000 every 31 days.
  • Customers can access their paychecks up to two days early through eligible direct deposit services.
  • Members can utilize a large, free ATM network for cash withdrawals without incurring account fees.
  • Plus members can access unlimited one-on-one financial planning sessions through SoFi Wealth.
  • Investors can receive a 1% match on recurring deposits made into SoFi Invest accounts, paid in rewards points.
Standout features
No monthly or overdraft feesHigh-yield checking and savings comboCash-back rewards boost for Plus membersFDIC insured through SoFi Bank, N.A.
Fees and rates

Free. There are no account, service, or maintenance fees, though charges apply for outgoing wire transfers, Instant Transfers, and global remittances.

Background

SoFi Bank, N.A. is a member of the FDIC and established itself as a profitable neobank by 2025 alongside competitors like Chime.

What's new
  1. 2026-09-14New profile

    SoFi added to the directory

    SoFi is a digital banking platform and neobank that offers a combined checking and savings account model to help users manage their finances in one place. It is designed for consumers seeking high-yield interest rates, no monthly fees, and early access to paychecks via direct deposit. The platform r

    fortune.com
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