SoFi Bank Review 2024 - The Best Checking & Savings Account in 2024?

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SoFi Bank Review 2024 - The Best Checking & Savings Account in 2024?

Рет қаралды 40,906

Greater Than Enough

Күн бұрын

Пікірлер: 75

@johnhenderson7081 7 ай бұрын

Have made SOFI my online bank starting 2024. Still keeping my local credit union.

@gissellemendez8390 7 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

@nicholaselia7943 5 ай бұрын

Problem is you cant deposit cash

@Dancing_Alone_wRentals 5 ай бұрын

@@nicholaselia7943...problem is I can't seem to hold onto cash.....

@ceceward1628 5 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

@JOpalensky 4 ай бұрын

@@nicholaselia7943 yes you can, just go to one of their preferred atm partners.

@AndersonChao-vs3zf 5 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

@monroemullinix5974 4 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.

@CorinthianSanders2025 28 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

@lorenzosanchez7356 6 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.

@monroemullinix5974 6 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.

@xBexatrix 6 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!

@Jiggy609 5 ай бұрын

Ive had it for like a year and loving it. Best part is their investment platform integrated right into their app

@AyjayAlleyway 5 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.

@coachtanishamarie 8 ай бұрын

They need to add zelle

@kezin9030 4 ай бұрын

You can just link your Zelle account and you’re all set!

@AhmedDada 3 ай бұрын

They just released the Zelle integration

@excitinglife2302 6 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.

@kenkanki9 6 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

@djcook 4 ай бұрын

sofi is not a scam lol

@MADMOGtheFrugal Ай бұрын

Not true at all

@ItsJustMeStevie 7 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

@yipersnaperify 11 күн бұрын

Is there a credit check?

@johnsutton9506 17 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 ?😊

@kadiatousylla8632 25 күн бұрын

What's the minimum amount of money to open a sophi account?

@bobmemer9062 6 ай бұрын

What are your thoughts on One Finance compared to Sofi? I thinking about switching…

@zDEMONiiK 8 ай бұрын

Acorns has 3% APY on checking and 5% APY on Savings just saying 🤷🏾‍♂️

@GreaterThanEnough 8 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.

@zDEMONiiK 7 ай бұрын

@@GreaterThanEnough yes the fee is wave if you have a 350minimum direct deposit

@darius9513 7 ай бұрын

@@GreaterThanEnough he is right they waive the fees I have oak acorn account

@tj.henderson 7 ай бұрын

Oh ok great information, thanks.

@brianam.williams4221 7 ай бұрын

Which one is the savings account? The one labeled “Later?”

@MsGrace-wu6bj 19 күн бұрын

Does direct deposit include any deposit or does it have to be from an employer?

@kapedakrusader2359 17 күн бұрын

Wired deposit , doesn’t matter where, it has to look like a direct deposit from somewhere that you get paid from

@sohnitabassum 8 ай бұрын

How about that 900$ bonus with Chase Checking and Savings ?

@justintm91 7 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?

@GreaterThanEnough 7 ай бұрын

Here's my video on the best high yield savings accounts: kzfaq.info/get/bejne/bdqRlMd-0p6qgJs.html

@marvinsylver4310 2 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

@ShadyGabe 6 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.

@jonathanlebo3710 3 ай бұрын

Ok so I’m depositing 4000 a month from my job will I still qualify for the 4% interest

@kenleder9632 Ай бұрын

Yes, if you have direct deposit set up it doesn't matter the amount.

@badassuchiha4875 6 ай бұрын

Daves the best too well so Far

@ikeugbor9205 8 ай бұрын

So to earn that 4.6% you need to sign up for direct deposit and deposit $5000 a month....thats not good.

@AnidemDaOne 8 ай бұрын

I believe it’s either or, set up direct deposit every 30days or deposit $5000 into your SoFi account every 30days

@GreaterThanEnough 8 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.

@AyjayAlleyway 12 күн бұрын

Either or, not both.

@Victoria-jh9uf Ай бұрын

How does it say SoFi is not a bank, and it is? 🥴

@soundfrequencytherapy5304 7 ай бұрын

So if you don’t have direct deposit how much is the rate ??

@GreaterThanEnough 7 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

@DJSliick 9 ай бұрын

Sucks theres no Zelle. I woulda been down.

@carlosgaspar2408 9 ай бұрын

I kept my BoA because of this. But still got Sofi because of the HYsa

@GreaterThanEnough 9 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.

@parasiticlotus 3 ай бұрын

It has Zelle now!

@Quangcurry13524 4 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

@GreaterThanEnough 7 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.

@okoliemenikeelvis4540 8 ай бұрын

But does sofi has any physical branch in any state ?

@nickperez6959 8 ай бұрын

No that why the interest rates are so high

@nicholaselia7943 5 ай бұрын

You get charged to deposit cash not worth it

@AyjayAlleyway 12 күн бұрын

No, you don’t.

@Dancing_Alone_wRentals 5 ай бұрын

....oh rats....fees to make deposits.....I'm out. tHanks for the video!

@Quangcurry13524 4 ай бұрын

What if my direct deposit amount is like 5 bucks lol

@kapedakrusader2359 17 күн бұрын

That’s fine they don’t have a minimum

@tj.henderson 7 ай бұрын

Is there any sign up bonus

@GreaterThanEnough 7 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