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.
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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.
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:
- Select your chosen banking product and click Open an Account.
- Create your login details and fill out the application form.
- 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.
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
Pros
- 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
Cons
- No physical branches
- Limited banking options
- Up to $4.95 cash deposit fee
SoFi Bank Offers
Sofi Checking and Savings
- Up to 4.60% APY with direct deposit on savings balances
- $0 monthly fees
- No minimum balance
- Get paid 2 days early
SoFi Checking and Savings Account - $300 Bonus
Set up at least one eligible direct deposit of $5,000 or more in your new or existing SoFi Checking and Savings account. Direct deposit must be received before the end of the promotion period. This offer is valid for new or existing customers who do not have any history of direct deposit transactions into their SoFi Checking and Savings account.
SoFi Checking and Savings Account - $50 Bonus
Set up at least one eligible direct deposit of $1,000 - $4,999 in your new or existing SoFi Checking and Savings account. Direct deposit must be received before the end of the promotion period. This offer is valid for new or existing customers who do not have any history of direct deposit transactions into their SoFi Checking and Savings account.
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.
References
- ^ Green Dot. Deposit cash, Retrieved 02/15/2024
Chase Total Checking® - $300 Bonus
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Discover® Online Savings - $200 Cash Bonus
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY624 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/12/2024, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
Bank of America Advantage Banking - $200 Bonus Offer
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 9/30/2024.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- Bank of America, N.A. Member FDIC.
CIT Bank Platinum Savings - 5.00% APY
- 5.00% APY with a balance of $5,000 or more
- 0.25% APY with a balance of less than $5,000
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
Darlene Santos is a research analyst at CreditDonkey, a bank comparison and reviews website. Write to Darlene Santos at darlene.santos@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
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