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NEW! Checking and Savings

Earn up to 4.20% APY and up to $300 with direct deposit.†

FDIC insured.*

Open an account

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NO ACCOUNT FEES3^

%


EARN UP TO 4.20% APY1


2-DAY-EARLY-PAYCHECK**


NO-FEE OVERDRAFT COVERAGE.4


DO IT ALL IN ONE APP.


UP TO $2M OF ADDITIONAL FDIC INSURANCE THROUGH A NETWORK OF PARTICIPATING BANKS*

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EXPERIENCE INDUSTRY-LEADING SAVINGS RATES.

With SoFi and direct deposit, you’ll earn more interest in six weeks than you
would in one year in a big bank’s savings account. Period.

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GET UP TO 4.20% APY TODAY1—
TOMORROW WILL THANK YOU.

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QUESTIONS?

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PRODUCTS

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2750 East Cottonwood Parkway #300
Cottonwood Heights, Utah 84121

SoFi Checking and Savings is offered through SoFi Bank, N.A. Member FDIC. The
SoFi® Bank Debit Mastercard® is issued by SoFi Bank, N.A., pursuant to license
by Mastercard International Incorporated and can be used everywhere Mastercard
is accepted. Mastercard is a registered trademark, and the circles design is a
trademark of Mastercard International Incorporated.

1



SoFi members with direct deposit activity can earn 4.20% annual percentage yield
(APY) on savings balances (including Vaults) and 0.50% APY on checking balances.
Direct Deposit means a recurring deposit of regular income to an account
holder’s SoFi Checking or Savings account, including payroll, pension, or
government benefit payments (e.g., Social Security), made by the account
holder’s employer, payroll or benefits provider or government agency (“Direct
Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day
Evaluation Period (as defined below). Deposits that are not from an employer or
government agency, including but not limited to check deposits, peer-to-peer
transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions
(e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds
transfers and wire transfers from external accounts, or are non-recurring in
nature (e.g., IRS tax refunds), do not constitute Direct Deposit activity. There
is no minimum Direct Deposit amount required to qualify for the stated interest
rate. SoFi members with direct deposit are eligible for other SoFi Plus
benefits.

As an alternative to direct deposit, SoFi members with Qualifying Deposits can
earn 4.20% APY on savings balances (including Vaults) and 0.50% APY on checking
balances. Qualifying Deposits means one or more deposits that, in the aggregate,
are equal to or greater than $5,000 to an account holder’s SoFi Checking and
Savings account (“Qualifying Deposits”) during a 30-day Evaluation Period (as
defined below). Qualifying Deposits only include those deposits from the
following eligible sources: (i) ACH transfers, (ii) inbound wire transfers,
(iii) peer-to-peer transfers (i.e., external transfers from PayPal, Venmo, etc.
and internal peer-to-peer transfers from a SoFi account belonging to another
account holder), (iv) check deposits, (v) instant funding to your SoFi Bank
Debit Card, (vi) push payments to your SoFi Bank Debit Card, and (vii) cash
deposits. Qualifying Deposits do not include: (i) transfers between an account
holder’s Checking account, Savings account, and/or Vaults; (ii) interest
payments; (iii) bonuses issued by SoFi Bank or its affiliates; or (iv) credits,
reversals, and refunds from SoFi Bank, N.A. (“SoFi Bank”) or from a merchant.
SoFi members with Qualifying Deposits are not eligible for other SoFi Plus
benefits.

SoFi Bank shall, in its sole discretion, assess each account holder’s Direct
Deposit activity and Qualifying Deposits throughout each 30-Day Evaluation
Period to determine the applicability of rates and may request additional
documentation for verification of eligibility. The 30-Day Evaluation Period
refers to the “Start Date” and “End Date” set forth on the APY Details page of
your account, which comprises a period of 30 calendar days (the “30-Day
Evaluation Period”). You can access the APY Details page at any time by logging
into your SoFi account on the SoFi mobile app or SoFi website and selecting
either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current
APY. Upon receiving a Direct Deposit or $5,000 in Qualifying Deposits to your
account, you will begin earning 4.20% APY on savings balances (including Vaults)
and 0.50% on checking balances on or before the following calendar day. You will
continue to earn these APYs for (i) the remainder of the current 30-Day
Evaluation Period and through the end of the subsequent 30-Day Evaluation Period
and (ii) any following 30-day Evaluation Periods during which SoFi Bank
determines you to have Direct Deposit activity or $5,000 in Qualifying Deposits
without interruption.

SoFi Bank reserves the right to grant a grace period to account holders
following a change in Direct Deposit activity or Qualifying Deposits activity
before adjusting rates. If SoFi Bank grants you a grace period, the dates for
such grace period will be reflected on the APY Details page of your account. If
SoFi Bank determines that you did not have Direct Deposit activity or $5,000 in
Qualifying Deposits during the current 30-day Evaluation Period and, if
applicable, the grace period, then you will begin earning the rates earned by
account holders without either Direct Deposit or Qualifying Deposits until you
have Direct Deposit activity or $5,000 in Qualifying Deposits in a subsequent
30-Day Evaluation Period. For the avoidance of doubt, an account holder with
both Direct Deposit activity and Qualifying Deposits will earn the rates earned
by account holders with Direct Deposit.

Members without either Direct Deposit activity or Qualifying Deposits, as
determined by SoFi Bank, during a 30-Day Evaluation Period and, if applicable,
the grace period, will earn 1.20% APY on savings balances (including Vaults) and
0.50% APY on checking balances.

Interest rates are variable and subject to change at any time. These rates are
current as of 10/31/2024. There is no minimum balance requirement. Additional
information can be found at http://www.sofi.com/legal/banking-rate-sheet.

†

The following describes the terms that apply to participation in the SoFi
Checking and Savings direct deposit promotion (the “Direct Deposit Promotion”)
offered by SoFi Bank, N.A, Member FDIC (“SoFi”).

Eligible Participants: All new and existing members without any history of
direct deposit transactions into their SoFi Checking and Savings account are
eligible for the Direct Deposit Promotion. Members who previously enrolled in
direct deposit into either SoFi Money or SoFi Checking and Savings, whether
currently still enrolled or not, do not qualify for this Direct Deposit
Promotion. Bonuses are limited to one per SoFi Checking and Savings account. In
the case of a joint account, only the primary account holder (the member who
signed up first) is eligible for a bonus. Member must have an open SoFi Checking
account in good standing at the time of the bonus payment.

Promotion Period: The Direct Deposit Promotion will begin on 12/7/2023 at
12:01AM ET and end on 12/31/24 at 11:59PM ET.

Bonus Terms: In order to qualify for eligibility for a bonus, SoFi must receive
at least one Direct Deposit (as defined below) from an Eligible Participant, the
first of which must be before the end of the Promotion Period. Direct Deposit
means a recurring deposit of regular income to an account holder’s SoFi Checking
or Savings account, including payroll, pension, or government benefit payments
(e.g., Social Security), made by the account holder’s employer, payroll or
benefits provider or government agency (“Direct Deposit”) via the Automated
Clearing House (“ACH”) Network. Deposits that are not from an employer or
government agency, including but not limited to check deposits, peer-to-peer
transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions
(e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds
transfers and wire transfers from external accounts, or are non-recurring in
nature (e.g. IRS tax refunds), do not constitute Direct Deposit activity. SoFi
Bank shall, in its sole discretion, assess each account holder’s Direct Deposit
activity to determine eligibility and may require additional documentation to
complete this verification. The amount of the bonus, if any, will be calculated
during the Direct Deposit Bonus Period as described and defined below.

Direct Deposit Bonus Period: The Direct Deposit Bonus Period begins when SoFi
receives a Direct Deposit of $1 or more within the Promotion Period and ends 25
calendar days later (the “Direct Deposit Bonus Period”). For the avoidance of
doubt, the Direct Deposit Bonus Period shall not extend beyond the Promotion
Period. The bonus amount will vary based on the total amount of Direct Deposits
received during the Direct Deposit Bonus Period. Once the Direct Deposit Bonus
Period has elapsed, SoFi will determine if you have met the offer requirements
and will deposit any earned bonus into your checking account within seven (7)
business days. For example, if SoFi receives between $1,000.00 and $4,999.99 in
Direct Deposits during the Direct Deposit Bonus Period, you will receive a
one-time cash bonus of $50. A member may only qualify for one bonus tier and
will not be eligible for future bonus payments if Direct Deposits subsequently
increase after the Direct Deposit Bonus Period.

Total Direct Deposit Amount in Direct Deposit Bonus Period Cash Bonus Tier $1.00
- $999.99 $0 $1,000.00 - $4,999.99 $50 $5,000.00 or more $300


Bonus Payment Timeline: SoFi will credit members who meet qualification criteria
within seven (7) business days of the end of the Direct Deposit Bonus Period.

Bonuses are considered miscellaneous income and may be reportable to the IRS on
Form 1099-MISC (or Form 1042-S, if applicable). SoFi reserves the right to
exclude any Members from participating in the Direct Deposit Promotion for any
reason, including suspected fraud, misuse, or if suspicious activities are
observed. SoFi also reserves the right to stop or change the Direct Deposit
Promotion at any time.

SoFi members with Direct Deposit can earn 4.20% annual percentage yield (APY) on
savings balances (including Vaults) and 0.50% APY on checking balances. There is
no minimum Direct Deposit amount required to qualify for the 4.20% APY for
savings (including Vaults). Members without Direct Deposit will earn 1.20% APY
on savings balances (including Vaults) and 0.50% APY on checking balances.
Interest rates are variable and subject to change at any time. These rates are
current as of 10/31/2024. There is no minimum balance requirement. Additional
information can be found at http://www.sofi.com/legal/banking-rate-sheet.




29x based on FDIC monthly interest savings rate as of October 21, 2024.

3We’ve partnered with Allpoint to provide you with ATM access at any of the
55,000+ ATMs within the Allpoint network. You will not be charged a fee when
using an in-network ATM, however, third-party fees incurred when using
out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are
subject to change at our discretion at any time.

4 Overdraft Coverage is limited to $50 on debit card purchases only and is an
account benefit available to customers with direct deposits of $1,000 or more
during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The
30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on
the APY Details page of your account, which comprises a period of 30 calendar
days (the “30-Day Evaluation Period”). You can access the APY Details page at
any time by logging into your SoFi account on the SoFi mobile app or SoFi
website and selecting either (i) Banking > Savings > Current APY or (ii) Banking
> Checking > Current APY. Members with a prior history of non-repayment of
negative balances are ineligible for Overdraft Coverage.

^ Our account fee policy is subject to change at any time.

**Early access to direct deposit funds is based on the timing in which we
receive notice of impending payment from the Federal Reserve, which is typically
up to two days before the scheduled payment date, but may vary.

*SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC
insurance per legal category of account ownership, as described in the FDIC's
regulations. Any additional FDIC insurance is provided by the SoFi Insured
Deposit Program. Deposits may be insured up to $2M through participation in the
program. See full terms at sofi.com/banking/fdic/terms/. See list of
participating banks at sofi.com/banking/fdic/receivingbanks.


SoFi Bank, N.A., 2750 E Cottonwood Pkwy STE 300, Salt Lake City, UT 84121.
Screen images simulated. BK21-68395

©2024 SoFi Bank, N.A. All rights reserved. Member FDIC. Equal Housing Lender.

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