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SoFi Bank Review

Checking

Overall rating: 8.6/10

Pros

  • No fees

  • Fee-free access at all 55,000 Allpoint ATMs
  • Very high APY
    • SoFi's checking account offers a 1.20% APY which can rise up to 2.50% if you set up Direct Deposit​

Cons

  • Accessibility

    • No physical branches​

  • Cash deposits cost up to $4.95

Savings

Overall rating: 9.0/10

Pros

  • High rates

    • 1.20% APY which increases to 3.75% if you set up Direct Deposit​

  • No fees

Cons

  • Accessibility

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