SoFi - Mobile Banking Software
Company Name: Social Finance, Inc
About: 36Kr is a comprehensive service provider aimed at serving innovative tech companies while being the
largest ecosystem-based platform
Headquarters: Beijing, Beijing, China.
SoFi Overview
What is SoFi? SoFi is a comprehensive financial app that allows users to manage their money, invest and trade, check rates, and apply for loans all in one place. The app offers high-interest savings and checking accounts, early access to direct deposit funds, and automatic savings features. Users can also earn rewards by inviting friends to download the app.
Features
- Manage money, invest and trade, check rates, and apply for loans all in one app
- High-interest savings and checking accounts with up to 2.00% APY for members with direct deposit
- Trade crypto and earn up to $100 in Bitcoin with SoFi Invest
- Pay zero account fees with SoFi Checking and Savings, including no annual, overdraft, or other account fees
- Get paycheck up to two days early with direct deposit
- Automatic savings features to help users save money effortlessly
- Rewards for inviting friends to download the app
- Advisory services offered through SoFi Wealth, LLC
- Loans originated by SoFi Lending Corp. or an affiliate
- Brokerage products offered through SoFi Securities LLC, member FINRA/SIPC
- SoFi Bank Debit Mastercard® issued by The Bancorp Bank and can be used everywhere Mastercard is accepted.
Official Screenshots
Product Details and Description of
this app is a one-stop shop for your finances, designed to help you Get Your Money Right®. Save, spend, earn, borrow and invest—all in one app. Download the this app app, invite your friends and earn rewards. ONE CONVENIENT APP DOES IT ALL Manage your money, invest and trade, check your rates and apply for loans. Do everything in one place. EARN HIGH INTEREST When you save with this app Checking and Savings, you can earn high interest on your balances—up to 2.00% APY.** GET UP TO $100 IN BITCOIN!*** this app Invest lets you trade crypto, invest in stocks, retirement funds and more. Trade crypto and get up to $100 in Bitcoin!*** GET YOUR MONEY RIGHT® WITH ZERO ACCOUNT FEES Pay zero account fees with this app Checkings and Savings, which includes no annual, overdraft or other account fees.**** REACH YOUR GOALS FASTER Get your paycheck up to two days early***** and save money effortlessly with automatic savings features. Full disclosure can be found at the end of the App Store screenshots. Swipe to view disclosure or visit this app.com/legal. INVESTMENT PRODUCTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE Terms and conditions apply. Loans originated by this app Lending Corp. or an affiliate. CFL #6054612, NMLS #1121636 (www.nmlsconsumeraccess.org). Equal Housing Lender. Brokerage products offered through this app Securities LLC, member FINRA/SIPC. this app Checking and Savings is offered through this app Bank, N. A. Member FDIC.Advisory services are offered through this app Wealth, LLC an SEC-registered Investment adviser. [job code] **this app members with direct deposit can earn up to 2.00% annual percentage yield (APY) interest on all account balances in their Checking and Savings accounts (including Vaults). Members without direct deposit will earn 1.00% APY on all account balances in Checking and Savings (including Vaults). Interest rates are variable and subject to change at any time. Rate of 2.00% APY is current as of 08/12/2022. Additional information can be found at http://www.this app.com/legal/banking-rate-sheet this app Checking and Savings is offered through this app Bank, N.A. The this app® Bank Debit Mastercard® is issued by The Bancorp Bank 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. ***See terms and conditions at https://www.this app.com/invest/buy-cryptocurrency/. ****We work hard to offer high interest and no account fees. With that in mind, our interest rate and fee structure are subject to change at any time. See our terms and conditions at this app.com/legal. *****Early access to direct deposit funds is based on the timing in which we receive notice of impending payment, which is typically up to two days before the scheduled payment date. this app’s Relay tool offers users the ability to connect both in-house accounts and external accounts using Plaid, Inc.’s service. The credit score provided to you is a VantageScore® based on TransUnion™ (the “Processing Agent”) data. this app loans are originated by this app Lending Corp. or an affiliate and not all products are available in all states. Additional terms, conditions, and state restrictions apply; this app.com/eligibility for details. Licensed by the DFPI, CFL# 6054612. NMLS# 1121636 (nmlsconsumeraccess.org). Brokerage and Active investing products offered through this app Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org). The this app Bank Debit Mastercard® is issued by The Bancorp Bank 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. Advisory services are offered through this app Wealth, LLC an SEC-Registered Investment Adviser.
Top Reviews
By JeremyMSiegel
Really convenient and great bank
I was hesitant to move my money to a bank just starting out, but after making the move, I was really glad that I did. The interest rates are way higher than what I had before (Wells Fargo). Moving money to the investing services is around 2 clicks. You just transfer money from your bank account to this app Invest and then choose the dollar amount that you want invested into SPY or any other popular stock or etf. I do wish that they allowed instant buying/selling of shares (like Robinhood, WeBull, etc) but trading isn’t really the point of this app, it’s for long term investments. The fractional shares do work as advertised and are really interesting. They also have money vaults that are way more convenient than having separate checking accounts. I did have to contact support once and they were very helpful and had no issues. The free ATMs really work as well. They instantly send you reimbursement for any ATM fees. The debit card works like a charm as well.
By PB779
Giving it a chance
I am giving this app 5stars because I do see how it can potentially be one of the best all-in-one financial app. However, I sadly am facing a very annoying issue with it and customer service has been less than great in dealing with this. The app has been showing me an error that reads “you’ve reached max attempts, try reconnecting banks on November 11, 2019” for the past month.. and I am not able to connect any funding sources. I basically see the potential yet it’s all useless to me so far. Customer service has been giving me answers like “hmmm... it’s weird.. send me a screenshot of the error and we’ll get back to you” and never follow-up. If this issue won’t get resolved in the upcoming 48 hours i’m closing the account and changing my stars rating.. If that can be resolved, I am happy to submit a fair review update because I truly want to love this app. Finally, PLEASE catch up with the 2019 must-have dark mode option!! Thank you.
By saucy no 1
So far, so good!
I have been using this bank as a Christmas fund and not an everyday checking. I have put about $300 so far in about 2 1/2 months of having it and have almost gained $0.25! You will never see this in any other checking! Since I haven't used this for a normal checking, I haven’t fought with overdraft fees or any of that, but to watch my money grow as a Christmas fund is absolutely amazing and so much fun. This is better than a CD or mutual fund because there is no maturity date or anything of that sort to wait for, so I can pull the money out as I please. I have also talked to customer service and they have been very polite and willing so get all the answers I have asked about. I also havent run across anyone that seems to want to just push you off the phone and count you as another number. (Ex: I got 42 calls today. How many did you get?) This has been great in the almost 3 months and I have no complaints.
