SoFi, short for Social Finance, Inc., is a modern finance company that offers a range of financial products and services, including a mobile banking option. SoFi's mobile bank is designed to cater to the needs of digitally-savvy customers, offering a user-friendly platform for managing personal finances on-the-go.
With the SoFi mobile banking app, users can access a suite of financial services, including checking and savings accounts with competitive interest rates, no account fees, and no minimum balance requirements. The app facilitates easy money transfers, mobile check deposits, and real-time transaction notifications to help users stay on top of their finances.
SoFi also focuses on helping its customers save, spend, borrow, and invest smartly, all within an integrated app experience. Additional features such as budgeting tools, financial insights, and access to SoFi's investment platform enhance the mobile banking experience by enabling customers to take greater control of their financial lives. Furthermore, SoFi offers various member benefits such as discounts on loans, personalized financial planning, and access to exclusive events.
The brand emphasizes a community-centric approach, with a mission to help its members achieve financial independence and realize their ambitions. Overall, SoFi's mobile bank combines convenience, innovation, and a full suite of financial products, aiming to provide a comprehensive, modern banking solution.
Sofi is currently available for residents of the following countries:
United States
24/7 availability- anytime, anywhere
No matter where you are, at home or abroad, you can access your Sofi account via the app, check your account balance, control your savings, get customer support, make payments and even freeze your debit card if needed. In addition, get real-time notifications every time you make a transaction, so there won’t be any surprises at the end of the month. No need to make appointments, stand in line and lose working hours to manage your finances.
Get approved fast
Opening an account with Sofi is simple, with no lengthy paperwork. Just download the app, prove your identity, top up your account and you’re ready to go. Sofi doesn’t require a copy of your credit history to approve your account, meaning you can open an account and get approved in minutes.
Lower fees
Another main reason to use Sofi is the low (or no!) fees. Sofi has no physical branches, therefore they can offer lower fees than traditional banks – especially when it comes to ATM withdrawals, money exchange/transfer and payments abroad. For example, Sofi offers zero fees on all transactions, including purchases made overseas!
Makes traveling easier
Sofi = borderless banking. Low/no exchange rates and low/no ATM withdrawal fees worldwide make traveling a whole lot easier (and cheaper) than with traditional banks- especially in the eurozone. And for added safety, freeze or unfreeze your debit card while you travel, directly in the app.
Go paperless
One of the frustrating things about traditional banks is the amount of documents, contracts and letters that are sent to your mailbox. With Sofi everything you need is in the app and all communications are sent to your app or your email. Gone are the days of rummaging through piles of paper around your house – and protecting the environment is the cherry on top.
