March 17, 2024

SoFi Bank Locations

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SoFi is an online bank offering checking and savings accounts. But does it have physical branches? Keep reading to find out.

How important are physical bank branches to you?

SoFi Bank Locations

SoFi is an online-only bank with no brick-and-mortar branches. But you can use your SoFi checking debit card to withdraw at over 55,000 Allpoint ATMs.

Just use this Allpoint ATM locator to find one near you.

Additionally, you can make use of SoFi's online and mobile banking platforms to manage your account and finances.

Does SoFi have local branches?
No, SoFi does not have any physical branches. They operate exclusively through an online business model.

To get your hands on your cash, here's how to withdraw with SoFi.

How to Withdraw Money from Your Account

You can withdraw from your SoFi bank account by using:

  • Your SoFi debit card at any Allpoint ATM location
  • The SoFi mobile app to do online transfers

And if you want to add to your funds, here's how you can deposit some money.

How to Deposit Money to Your Account

You can fund your SoFi bank account through:

  • Direct deposit
  • Transfer from an external account
  • ACH or peer-to-peer transfers
  • Transfer from third-party wallet services
  • Mobile check deposit
  • Cash deposit

To deposit cash, simply go to a retail store that provides GreenDot services. Then, ask the cashier to deposit the money directly to your SoFi debit card.

Note that there is a small fee of up to $4.95 for cash deposit transactions.[1] This will be deducted from your deposit at the POS.

Here's how to open an account to help you get started.

How to Open a SoFi Bank Account

You can easily open a SoFi checking or savings account on their website. Here's what you need to do:

  1. Select your chosen banking product and click Open an Account.
  2. Create your login details and fill out the application form.
  3. Submit the application and fund your account.

Remember to fund your account within 30 days of opening it, or it will be closed.

SoFi Bank Customer Support

If you need to reach SoFi Bank, you can call their Checking and Savings customer support at +(855) 456-7634 from:

  • Monday to Thursday at 5 am to 7 pm PT
  • Friday to Sunday at 5 am to 5 pm PT

If you are an existing customer already, you can simply log in and use the 24/7 Chat with Sofi function.

SoFi has smart virtual assistants 24/7 and live agents during work hours to answer your questions and assist with problems. Just note that you must log in to your SoFi account to use this feature.

Is SoFi a Trusted Bank?

Yes, SoFi is a trusted bank. It is an FDIC-member bank (Cert #26881), which means deposits are insured up to $250,000 per depositor, per ownership category. This means even if the bank goes under, you're guaranteed to receive your money.

More About SoFi Bank

SoFi, established in 2011, is a popular financial institution headquartered in San Francisco. It has 12 offices across the United States and a few in Hong Kong and Latin America.

It started as a company known for refinancing federal and private student loans. Then, it grew to offer a variety of services, including loans, mortgages, investments, insurance, and banking products.

The following pros and cons may help you weigh if its services are worth it.

Pros & Cons of SoFi Bank


  • Combined checking and savings account
  • Competitive APY
  • No minimum balance
  • No monthly or overdraft fees
  • Allows cash deposits
  • Access to 55,000+ fee-free ATMs
  • FDIC-insured


  • No physical branches
  • Limited banking options
  • Up to $4.95 cash deposit fee

SoFi Bank Offers

What's the main reason for choosing/considering SoFi for banking?

Bottom Line

SoFi is a great option for those who prefer online banking but want easy access to their money with a debit card. Even without physical branches, managing your finances is simple with the user-friendly mobile app and extensive ATM network.

That said, if you prefer in-person banking, you'll have to explore other alternatives.


  1. ^ Green Dot. Deposit cash, Retrieved 02/15/2024
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Darlene Santos is a research analyst at CreditDonkey, a bank comparison and reviews website. Write to Darlene Santos at Follow us on Twitter and Facebook for our latest posts.

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How important are physical bank branches to you?
56% Very important, I prefer in-person services.
28% Somewhat important, I like having the option.
11% Not very important, I rarely use branch services.
6% Not important at all, I prefer online banking.
Source: CreditDonkey. Totals may not add to 100% due to rounding.
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