Banking · Retail bank
SoFi: checking and savings account from SoFi Bank, N.A., a US national bank
Online checking and savings accounts held by SoFi Bank, N.A., a member of the FDIC, with extended coverage through a deposit-sweep program. The residency requirements could not be confirmed on an official page.
Please note
Characteristics
- Family
- Retail bank
- Regulator
- OCC / FDIC
- Regulator country
- United States
- Deposit guarantee
- Yes
- Remote opening
- Yes
- Currencies
- USD
- Services
- Current account · Savings · Payment card
- Accepted residencies
- Not provided
- Refused residencies
- Not provided
- Home country
- United States
Nationality, residency and address requirements for the SoFi Checking and Savings account were not recorded: the help page on eligibility did not display its content, and the "Eligibility Criteria" page covers loans only.
Entities and regulatory status
| Entity | Jurisdiction | Status | Regulator | Protection of funds |
|---|---|---|---|---|
| SoFi Bank, N.A.holds the accountSoFi Checking and Savings accounts are offered by SoFi Bank, N.A., a member of the FDIC, according to the official account page. National charter inferred from the "N.A." designation; the OCC and FDIC BankFind records were not consulted. | United States | Banks with their own licence | OCC / FDIC | FDIC |
Who can open or keep an account
| Country of residence | Case | Status | Conditions |
|---|---|---|---|
| United States | Opening and keeping | Unknown | Requirements for opening and keeping the account were not recorded from a readable official page. |
A country missing from this table is neither accepted nor refused: the information is not published.
Published figures
- Account feeNot provided
- Brokerage feeNot provided
- Deposit guarantee ceilingup to $3,000,000sofi.com · Verified on Nov 2, 2026
- Entry ticketNot provided
Which entity, which status
SoFi's checking and savings accounts are offered by SoFi Bank, N.A., a member of the FDIC (SoFi Checking and Savings page). It is a bank holding its own license, not a brand backed by a third-party bank, at least for this product.
The records for SoFi Bank, N.A. with the OCC and in FDIC BankFind were not opened. The group's brokerage entity (investment offering) was not verified during this update and is not included.
Who can open an account
Required nationality or residency status, Social Security number, US address, and what happens to the account after a move abroad: not recorded, as the help page on eligibility did not display.
Account, card and currencies
Checking account and savings account in US dollars, with a debit card, managed online.
Rates, fees and limits: not included, as no dated fee document was read.
Protection of funds
SoFi Bank provides no more than figure being updated of FDIC insurance per depositor and per ownership category. Beyond that, SoFi offers an insured deposit program that spreads funds across several banks, for coverage of up to up to $3,000,0001.
This extended coverage depends on participation in the program and on the assets the customer already holds at the banks in the network.
Points to check
- The eligibility requirements, to be read in the deposit agreement before opening the account.
- The list of banks in the insured deposit program, to avoid overlap with assets held elsewhere.
- The distinction between a bank account and investment products, which are not covered by the FDIC.
Sources and verification dates
- 1.
Deposit guarantee ceiling : $3,000,000
« Deposits may be insured up to $3M through participation in the program. »
SoFi Bank, N.A., « SoFi Checking and Savings »Verified on Nov 2, 2026Verified source