SoFi - Banking & Investing
by Social Finance, Inc
App Store
Finance
Free
4.8
Rating
379,197
Reviews
-
Downloads
22
Views
Description
Mobile banking and investing made easy. Send money instantly, deposit checks digitally, pay bills online, track spending with budget tools, save cash in high-yield accounts, and trade stocks with no commission (other fees apply).
WHY DO 10M+ MEMBERS LOVE SOFI?
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SOFI PLUS PREMIUM MEMBERSHIP
-----
• America's most rewarding financial membership with $1,000+ in value² each year with qualifying activities.
• Exclusive cash back rewards, lending discounts, and savings perks to help you reach your goals.
• Sign up for $10 / month or at no cost with direct deposit.
-----
MOBILE BANKING FEATURES
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• Mobile checking with no monthly fees, no minimum balance requirements, and no overdraft charges^ for no account-fee free banking.
• Get your paycheck up to two days early with direct deposit* and enjoy immediate access to your funds with mobile banking.
• Find and use over 55,000+ fee-free ATMs nationwide³ to access your cash without ATM fees or surcharges.
• Send money to friends, pay bills online, and make transfers between accounts without extra charges or waiting periods.
-----
INVESTING TOOLS
-----
• Trade stocks and ETFs with no commission through our easy-to-use online investing platform with SoFi Securities (other fees apply).
• Start investing in fractional shares with just $5 to build a diversified stock portfolio regardless of your budget with SoFi Securities (restrictions apply).
• Access exclusive IPO stock investments before public trading through SoFi's investment platform advantages.
• Choose automated investing options tailored to your financial goals with digital portfolio management with SoFi Wealth.
-----
HIGH-YIELD SAVINGS
-----
• Earn a highly competitive APY¹ with direct deposit to maximize your savings account growth.
• Create custom Savings Vaults for your financial goals to organize funds for emergencies or major purchases.
• Transfer money instantly between checking and savings accounts§ with no transfer fees or waiting periods.
• Track savings progress with digital tools and watch your money grow faster than with traditional banks.
-----
PERSONAL LOANS & CREDIT
-----
• Apply for competitive loan rates for debt consolidation, home improvements, or other major purchases.
• Monitor your credit score with regular updates and credit tracking to stay informed about your financial health.
• Explore student loan refinancing options to potentially lower your monthly loan payments and save money.
-----
BUDGET TRACKER
-----
• Track spending across all your linked accounts with automatic budget categorization and spending insights.
• Get real-time spending alerts for unusual activity to help protect your accounts and maintain your budget.
• Set up bill payment reminders to avoid late fees and keep your budget on track with our money management tools.
-----
SECURITY FEATURES
-----
• Bank-level digital encryption protects your personal and financial information when banking online.
• Receive instant fraud alerts for suspicious account activity to protect your money and personal information.
• Bank with confidence knowing your deposits have FDIC insurance protection up to $3 million⁶.
-----
SPECIALIST SUPPORT
-----
• Get help from our dedicated financial team 7 days a week for all your banking and investing questions.
• Connect through secure in-app chat for immediate assistance with your accounts, loans, and investments.
• Call us directly at (855) 456-SOFI (7634) for customer support.
Download SoFi today for better mobile banking, investing, and budget tracking! Join 10M+ members managing money in one powerful app with exclusive financial features.
WHY DO 10M+ MEMBERS LOVE SOFI?
-----
SOFI PLUS PREMIUM MEMBERSHIP
-----
• America's most rewarding financial membership with $1,000+ in value² each year with qualifying activities.
• Exclusive cash back rewards, lending discounts, and savings perks to help you reach your goals.
• Sign up for $10 / month or at no cost with direct deposit.
-----
MOBILE BANKING FEATURES
-----
• Mobile checking with no monthly fees, no minimum balance requirements, and no overdraft charges^ for no account-fee free banking.
• Get your paycheck up to two days early with direct deposit* and enjoy immediate access to your funds with mobile banking.
• Find and use over 55,000+ fee-free ATMs nationwide³ to access your cash without ATM fees or surcharges.
• Send money to friends, pay bills online, and make transfers between accounts without extra charges or waiting periods.
-----
INVESTING TOOLS
-----
• Trade stocks and ETFs with no commission through our easy-to-use online investing platform with SoFi Securities (other fees apply).
• Start investing in fractional shares with just $5 to build a diversified stock portfolio regardless of your budget with SoFi Securities (restrictions apply).
• Access exclusive IPO stock investments before public trading through SoFi's investment platform advantages.
• Choose automated investing options tailored to your financial goals with digital portfolio management with SoFi Wealth.
-----
HIGH-YIELD SAVINGS
-----
• Earn a highly competitive APY¹ with direct deposit to maximize your savings account growth.
• Create custom Savings Vaults for your financial goals to organize funds for emergencies or major purchases.
• Transfer money instantly between checking and savings accounts§ with no transfer fees or waiting periods.
• Track savings progress with digital tools and watch your money grow faster than with traditional banks.
-----
PERSONAL LOANS & CREDIT
-----
• Apply for competitive loan rates for debt consolidation, home improvements, or other major purchases.
• Monitor your credit score with regular updates and credit tracking to stay informed about your financial health.
• Explore student loan refinancing options to potentially lower your monthly loan payments and save money.
-----
BUDGET TRACKER
-----
• Track spending across all your linked accounts with automatic budget categorization and spending insights.
• Get real-time spending alerts for unusual activity to help protect your accounts and maintain your budget.
• Set up bill payment reminders to avoid late fees and keep your budget on track with our money management tools.
-----
SECURITY FEATURES
-----
• Bank-level digital encryption protects your personal and financial information when banking online.
• Receive instant fraud alerts for suspicious account activity to protect your money and personal information.
• Bank with confidence knowing your deposits have FDIC insurance protection up to $3 million⁶.
-----
SPECIALIST SUPPORT
-----
• Get help from our dedicated financial team 7 days a week for all your banking and investing questions.
• Connect through secure in-app chat for immediate assistance with your accounts, loans, and investments.
• Call us directly at (855) 456-SOFI (7634) for customer support.
Download SoFi today for better mobile banking, investing, and budget tracking! Join 10M+ members managing money in one powerful app with exclusive financial features.
Expert Review & Analysis
## SoFi - Banking & Investing App Review
SoFi is a comprehensive mobile application designed to consolidate various financial services into a single platform. Its primary purpose is to provide users with easy access to banking, investing, and budgeting tools, all within a user-friendly interface. The app aims to simplify personal finance management by offering a streamlined experience for everyday banking needs and more sophisticated investment options.
1. What the App Does:
SoFi offers a suite of financial services, including mobile checking and savings accounts, investment trading (stocks and ETFs), personal loan applications, student loan refinancing options, budgeting tools, and credit score monitoring. It acts as a one-stop shop for managing various aspects of personal finances, eliminating the need to juggle multiple separate apps or institutions.
2. Key Features & Advantages:
SoFi's strengths lie in its integration and convenience. Key features include:
* No-fee banking: Offers checking accounts without monthly fees, minimum balance requirements, or overdraft charges (with caveats).
* Early paycheck access: Provides access to direct deposited funds up to two days early.
* High-yield savings accounts: Offers competitive interest rates on savings accounts with convenient tools for goal-based savings.
* Commission-free trading: Allows users to trade stocks and ETFs without commission fees (although other fees may apply).
* Fractional share investing: Allows investment in fractional shares, making it accessible to users with smaller investment budgets.
* Automated investing: Provides automated portfolio management options for users who prefer a hands-off approach.
* Comprehensive budgeting tools: Offers robust tools for tracking spending, setting budgets, and receiving alerts for unusual activity.
* Access to personal loans and credit services: Provides options for personal loans and student loan refinancing.
* Extensive ATM network: Provides access to a large network of fee-free ATMs.
* Strong security features: Employs bank-level encryption and fraud alerts.
* Dedicated customer support: Offers multiple channels for customer support, including in-app chat and phone support.
* SoFi Plus Membership: Provides added value through cashback rewards, discounts, and perks.
3. Use Cases:
SoFi is useful for a variety of users, including:
* Individuals seeking a consolidated financial platform: Those who want to manage their checking, savings, investing, and budgeting all in one place.
* Millennials and Gen Z: Appeals to younger demographics comfortable with digital banking and investing.
* Budget-conscious individuals: Attractive due to the no-fee checking and commission-free trading options.
* Investors seeking fractional share investing: Provides access to the stock market for those with limited capital.
* Users needing personal loans or student loan refinancing: Offers competitive rates and a streamlined application process.
4. Target Audience:
The app is primarily targeted at tech-savvy individuals who are comfortable managing their finances digitally. It's particularly well-suited for those seeking a streamlined and integrated approach to personal finance, rather than using multiple separate apps or institutions. The SoFi Plus membership likely targets users who value additional perks and rewards.
5. Overall Assessment:
SoFi provides a compelling all-in-one solution for managing personal finances. Its user-friendly interface, integrated services, and competitive offerings make it a strong contender in the fintech market. While the absence of overdraft fees is a significant advantage, users should carefully review the terms and conditions regarding other fees associated with investing and the SoFi Plus membership. The high rating reflects positive user experiences, but individual needs and preferences should be considered before adopting SoFi as a primary financial management tool. The app successfully simplifies many aspects of personal finance, making it a valuable resource for many users.
SoFi is a comprehensive mobile application designed to consolidate various financial services into a single platform. Its primary purpose is to provide users with easy access to banking, investing, and budgeting tools, all within a user-friendly interface. The app aims to simplify personal finance management by offering a streamlined experience for everyday banking needs and more sophisticated investment options.
1. What the App Does:
SoFi offers a suite of financial services, including mobile checking and savings accounts, investment trading (stocks and ETFs), personal loan applications, student loan refinancing options, budgeting tools, and credit score monitoring. It acts as a one-stop shop for managing various aspects of personal finances, eliminating the need to juggle multiple separate apps or institutions.
2. Key Features & Advantages:
SoFi's strengths lie in its integration and convenience. Key features include:
* No-fee banking: Offers checking accounts without monthly fees, minimum balance requirements, or overdraft charges (with caveats).
* Early paycheck access: Provides access to direct deposited funds up to two days early.
* High-yield savings accounts: Offers competitive interest rates on savings accounts with convenient tools for goal-based savings.
* Commission-free trading: Allows users to trade stocks and ETFs without commission fees (although other fees may apply).
* Fractional share investing: Allows investment in fractional shares, making it accessible to users with smaller investment budgets.
* Automated investing: Provides automated portfolio management options for users who prefer a hands-off approach.
* Comprehensive budgeting tools: Offers robust tools for tracking spending, setting budgets, and receiving alerts for unusual activity.
* Access to personal loans and credit services: Provides options for personal loans and student loan refinancing.
* Extensive ATM network: Provides access to a large network of fee-free ATMs.
* Strong security features: Employs bank-level encryption and fraud alerts.
* Dedicated customer support: Offers multiple channels for customer support, including in-app chat and phone support.
* SoFi Plus Membership: Provides added value through cashback rewards, discounts, and perks.
3. Use Cases:
SoFi is useful for a variety of users, including:
* Individuals seeking a consolidated financial platform: Those who want to manage their checking, savings, investing, and budgeting all in one place.
* Millennials and Gen Z: Appeals to younger demographics comfortable with digital banking and investing.
* Budget-conscious individuals: Attractive due to the no-fee checking and commission-free trading options.
* Investors seeking fractional share investing: Provides access to the stock market for those with limited capital.
* Users needing personal loans or student loan refinancing: Offers competitive rates and a streamlined application process.
4. Target Audience:
The app is primarily targeted at tech-savvy individuals who are comfortable managing their finances digitally. It's particularly well-suited for those seeking a streamlined and integrated approach to personal finance, rather than using multiple separate apps or institutions. The SoFi Plus membership likely targets users who value additional perks and rewards.
5. Overall Assessment:
SoFi provides a compelling all-in-one solution for managing personal finances. Its user-friendly interface, integrated services, and competitive offerings make it a strong contender in the fintech market. While the absence of overdraft fees is a significant advantage, users should carefully review the terms and conditions regarding other fees associated with investing and the SoFi Plus membership. The high rating reflects positive user experiences, but individual needs and preferences should be considered before adopting SoFi as a primary financial management tool. The app successfully simplifies many aspects of personal finance, making it a valuable resource for many users.
Screenshots
App Information
Updated
2017-04-10
Content Rating
4+
Contains Ads
No
Developer
Social Finance, Inc
Price
$0.00
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