Is SoFi Money Trustworthy?
The company is insured by the FDIC, and your money is protected for up to 1.5 million dollars. How secure is SoFi Money? Beyond being FDIC insured, SoFi Money has security features like chip card technology, two-factor authentication and suspicious activity monitoring to protect your money.
Is SoFi a good company to invest?
Bottom line: SoFi is best for beginner investors in the US who are looking for an intuitive online trading experience and want to open an active or automated investing account, or explore cryptocurrencies. Its limited investment selection and features mean it might not be a good fit for advanced investors.
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Is SoFi a real bank?
Not a bank— While we do offer many of the same products and services as traditional financial institutions, SoFi is not a bank.
How SoFi Works
Is SoFi money FDIC insured?
SoFi Money® is a cash management account, which is a brokerage product, offered by SoFi Securities LLC. Member FINRA/SIPC. ... The cash balance in SoFi Money cash management accounts is swept to one or more program banks where it earns a variable rate of interest and is eligible for FDIC insurance.
Fraud Protection & Security | SoFi Money
What bank does SoFi money use?
SoFi Money® SoFi Money Debit Card issued by The Bancorp Bank. SoFi has partnered with Allpoint to provide consumers with ATM access at any of the 55,000+ ATMs within the Allpoint network.
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