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SoFi® Student Checking and Savings

4.2WalletHub Rating

WalletHub Rating

4.2

This product has been scored using WalletHub’s proprietary rating system for banking products. We evaluated this account for various consumer needs and picked the rating for the need with the highest score, which is "Everyday checking for students."

Market Comparison

4.2

Fees: 5.0

Interest Rates: 1.3

Annual Cost: 4.6

Other Features: 0.0

RatesFeesUsageReviewsQ&AContact

WalletHub Rating

4.2/5

SoFi® Student Checking and Savings has a rating of 4.2/5 according to our proprietary banking rating system. This rating reflects how appealing SoFi® Student Checking and Savings's terms are compared to a pool of more than 600 checking account offers tracked by WalletHub. We evaluated this product for various consumer needs and picked the rating for the need with the highest score, which is "Everyday checking for students." To break it down further, SoFi® Student Checking and Savings earned a score of 5.0/5 for Fees, 1.3/5 for Interest Rates, 4.6/5 for Annual Cost, and 0.0/5 for Other Features. Info about the SoFi® Student Checking and Savings has been collected by WalletHub to help consumers better compare checking accounts. The financial institution did not provide the details.

WalletHub Rating Breakdown

Fees 5.0/5

Annual Cost 4.6/5

Interest Rates 1.3/5

Other Features 0.0/5

SoFi® Student Checking and Savings Rates

Balance	APY
$0+	0.50%

None

SoFi® Student Checking and Savings Fees

	None
	N/A
	N/A

	N/A
	None
	N/A

SoFi® Student Checking and Savings ATM & Debit Card Usage

	None
ATM Network Size	55,000 ATMs
	None (fees may be charged by third parties)
	Not Offered

	N/A
	Mastercard
	N/A

WalletHub Review

No overdraft fees.

No monthly fees.

Huge fee-free ATM network.

Competitive savings account interest rates / APY.

No branch locations; online only.

No standalone checking or savings accounts.

SoFi® Student Checking and Savings Additional Info

	No
	$0 per month
	All SoFi bank account holders need to be at least 18 years or older.

Apply Now

at SoFi®'s secure site

Now college students can bank with SoFi! The SoFi Student Checking and Savings account is an online banking product that features two types of linked accounts. It combines the convenience of an online checking account and savings account.Earn up to 3.80% APY on your savings balances and 0.50% APY on your checking balances when you set up direct deposit.With SoFi Checking and Savings for students, you can get up to $30 by signing up and funding your account. Here’s how to cash in on up to $30: (a) Get $30 when you sign up for a student bank account with your .edu email address; AND(b) Add at least $10 to your account within 5 days of registration.No account minimum feesNo overdraft feesRound up and earn more: SoFi account holders can opt-in to Roundups to have leftover cash from each purchase automatically deposited into a savings Vault.With SoFi, ATMs are fee-free at any 55,000 Allpoint® ATMs.

Apply Now

at SoFi®'s secure site

SoFi® Student Checking and Savings Interest Rate Tracker

The graph above is based on WalletHub data. Actual rates may vary. For time periods with multiple applicable rates in our database, based on different criteria, the above graph reflects the lowest interest rate recorded. Before submitting an application, always verify the rates, fees, and all terms and conditions with the respective financial institution.

SoFi® Student Checking and Savings Q&A

Can't find what you are looking for? Submit your question about SoFi® Student Checking and Savings to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered.

SoFi® Student Checking and Savings Reviews

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