Have made SOFI my online bank starting 2024. Still keeping my local credit union.
@gissellemendez83907 ай бұрын
So you will stay with your credit union but also keep your Sofi account? That’s what I’m trying to do as well
@nicholaselia79435 ай бұрын
Problem is you cant deposit cash
@Dancing_Alone_wRentals5 ай бұрын
@@nicholaselia7943...problem is I can't seem to hold onto cash.....
@ceceward16285 ай бұрын
@@nicholaselia7943you can deposit cash but it’s a fee though and you have to do it at a dollar general, Walgreens,etc it tells you in the app
@JOpalensky4 ай бұрын
@@nicholaselia7943 yes you can, just go to one of their preferred atm partners.
@AndersonChao-vs3zf5 ай бұрын
I got Charles SW for my Checking no ATM fee charge debit card and Capital one and American express for my saving both of them 4.35 not much different from Sofi but I don't have to set up direct deposit
@monroemullinix59744 ай бұрын
Five to six times a month I have to suffer the embarrassment of standing in line and being told "your card has been rejected, sir" in front of a crowd of people. They temporarily reject transactions all the time, for "security" reasons. You have to respond to a text message and then try the transaction again. Never ever bank with SoFi if you're an adult. If you're a child who needs to be constantly monitored and nannied, then maybe it's for you.
@CorinthianSanders202528 күн бұрын
Sorry to break it to you but most banks does this because of behavior patterns and “tightening” security forced by Congress due to the banks negligence…Also, remember your experience won’t be the same for others and I have had both SoFi Money and SoFi Bank accounts for 2 years now never had a problem regardless of the expense
@lorenzosanchez73566 күн бұрын
“if your an adult” 😂 are you sure your one? Because most adults would just have this as a backup account and not use as a primary enough to sit here and complain and tell EVERYONE how it sucks.
@monroemullinix59746 күн бұрын
@@lorenzosanchez7356 The sofi account was actual my third account, and my first time trying a non-brick-and-mortar institution. Obviously the attractive interest rate was an appealing factor which encouraged me to keep significant funds there. I had no problem pulling out my Bank of America debit card or my Schwab One debit card to complete the transaction successfully. I would think that even a fool could see how annoying it is to have transactions declined repeatedly. But then, I do tend to overestimate people.
@xBexatrix6 ай бұрын
I’m thinking of going SoFi and deposit my main check into checking and then my other forms of income direct deposit into the savings account. The percentage yield seems amazing!
@Jiggy6095 ай бұрын
Ive had it for like a year and loving it. Best part is their investment platform integrated right into their app
@AyjayAlleyway5 ай бұрын
I started using Sofi a few months ago. It’s pretty great. I invest through them and also moved my home loan to them at a better rate.
@coachtanishamarie8 ай бұрын
They need to add zelle
@kezin90304 ай бұрын
You can just link your Zelle account and you’re all set!
@AhmedDada3 ай бұрын
They just released the Zelle integration
@excitinglife23026 ай бұрын
Love your content!! It would be very useful to hear from you the comparison with Sofi vs Schwab vs Betterment as checking accounts, especially for traveling, considering also the first and the third have pretty good yield rates.
@kenkanki96 ай бұрын
Been hearing people now having toygh time with account freezes and shut downs is this true because i need a way to invest and save money without getting scammed
@djcook4 ай бұрын
sofi is not a scam lol
@MADMOGtheFrugalАй бұрын
Not true at all
@ItsJustMeStevie7 ай бұрын
Great review. I have WF and am looking to get a credit union to build relationships for future home and auto loan. Curious about your thoughts on Alliant credit Union opposed to SOFI
@yipersnaperify11 күн бұрын
Is there a credit check?
@johnsutton950617 күн бұрын
I currently bank with cadence bank , but let’s say I wanted to open a savings account with SoFi. Could I just set up direct deposit with SoFi to pull money from my checking (from cadance) and move that to SoFi ?😊
@kadiatousylla863225 күн бұрын
What's the minimum amount of money to open a sophi account?
@bobmemer90626 ай бұрын
What are your thoughts on One Finance compared to Sofi? I thinking about switching…
@zDEMONiiK8 ай бұрын
Acorns has 3% APY on checking and 5% APY on Savings just saying 🤷🏾♂️
@GreaterThanEnough8 ай бұрын
Yes, that can be a good option if you have enough money in your account where you earn more additional interest to cover the $5 monthly fee.
@zDEMONiiK7 ай бұрын
@@GreaterThanEnough yes the fee is wave if you have a 350minimum direct deposit
@darius95137 ай бұрын
@@GreaterThanEnough he is right they waive the fees I have oak acorn account
@tj.henderson7 ай бұрын
Oh ok great information, thanks.
@brianam.williams42217 ай бұрын
Which one is the savings account? The one labeled “Later?”
@MsGrace-wu6bj19 күн бұрын
Does direct deposit include any deposit or does it have to be from an employer?
@kapedakrusader235917 күн бұрын
Wired deposit , doesn’t matter where, it has to look like a direct deposit from somewhere that you get paid from
@sohnitabassum8 ай бұрын
How about that 900$ bonus with Chase Checking and Savings ?
@justintm917 ай бұрын
I have alot of money saved up sitting in my checking account I feel like I should probably put it into a savings account just don’t know if sofi is the right bank just for using as a savings account 🤔 or something different?
@GreaterThanEnough7 ай бұрын
Here's my video on the best high yield savings accounts: kzfaq.info/get/bejne/bdqRlMd-0p6qgJs.html
@marvinsylver43102 ай бұрын
@@GreaterThanEnoughHey was just wondering let’s say I want a fresh start move to LA & get a job pays minimum wage what’s the best bank to go with? like if SoFi needs 5k a month minimum to get the highest rate but my check by the end of the month doesn’t match that is that not the bank for me? I’m new to banking in general so was just wondering like what would be best for me
@ShadyGabe6 күн бұрын
@@marvinsylver4310 Ally would be your best bet, since they offer a 4.20% APY rate on their Savings account with no requirement needed. However, if you get direct deposit, then definitely SoFi for their 4.60% APY rate.
@jonathanlebo37103 ай бұрын
Ok so I’m depositing 4000 a month from my job will I still qualify for the 4% interest
@kenleder9632Ай бұрын
Yes, if you have direct deposit set up it doesn't matter the amount.
@badassuchiha48756 ай бұрын
Daves the best too well so Far
@ikeugbor92058 ай бұрын
So to earn that 4.6% you need to sign up for direct deposit and deposit $5000 a month....thats not good.
@AnidemDaOne8 ай бұрын
I believe it’s either or, set up direct deposit every 30days or deposit $5000 into your SoFi account every 30days
@GreaterThanEnough8 ай бұрын
That's correct. Any direct deposit amount or if you don't have direct deposit, you'd need to deposit $5k every 30 days to earn 4.60% APY.
@AyjayAlleyway12 күн бұрын
Either or, not both.
@Victoria-jh9ufАй бұрын
How does it say SoFi is not a bank, and it is? 🥴
@soundfrequencytherapy53047 ай бұрын
So if you don’t have direct deposit how much is the rate ??
@GreaterThanEnough7 ай бұрын
1.20%, if you don't have direct deposit set up or meet the monthly deposit amount, I'd recommend watching this video to find better options: kzfaq.info/get/bejne/bdqRlMd-0p6qgJs.html
@DJSliick9 ай бұрын
Sucks theres no Zelle. I woulda been down.
@carlosgaspar24089 ай бұрын
I kept my BoA because of this. But still got Sofi because of the HYsa
@GreaterThanEnough9 ай бұрын
I use my Capital One 360 account for Zelle and the few times per year I want to deposit cash into my account. After I get the money in my Capital One account, I transfer it to SoFi.
@parasiticlotus3 ай бұрын
It has Zelle now!
@Quangcurry135244 ай бұрын
Question: how does SoFi know if I direct deposit 100% of my pay in the savings or not? With Paychex I can split the deposit between banks so can I just deposit $1 into SoFi and the rest into chase?
@mistaJ.7 ай бұрын
What if I make a savings account but don’t have 5000 to put every month ? lol
@GreaterThanEnough7 ай бұрын
As long as you set up direct deposit, it can be for any amount to earn the higher rate. It's only without direct deposit you need to deposit $5k into your account each month.
@okoliemenikeelvis45408 ай бұрын
But does sofi has any physical branch in any state ?
@nickperez69598 ай бұрын
No that why the interest rates are so high
@nicholaselia79435 ай бұрын
You get charged to deposit cash not worth it
@AyjayAlleyway12 күн бұрын
No, you don’t.
@Dancing_Alone_wRentals5 ай бұрын
....oh rats....fees to make deposits.....I'm out. tHanks for the video!
@Quangcurry135244 ай бұрын
What if my direct deposit amount is like 5 bucks lol
@kapedakrusader235917 күн бұрын
That’s fine they don’t have a minimum
@tj.henderson7 ай бұрын
Is there any sign up bonus
@GreaterThanEnough7 ай бұрын
Yes, you can use my referral link to earn $25 when you sign up and fund your account and then up to another $300 if you set up direct deposit, here's the link: www.sofi.com/invite/money?gcp=9c64173f-c077-4191-8f06-88070daf8edb&isAliasGcp=false