What I Wish I Knew Before Opening a SoFi Online Savings Account
What I Wish I Knew Before Opening a SoFi Online Savings Account
SoFi Checking and Savings is ranked one of the best online bank accounts by top financial blogs, YouTube gurus, and more. In this video, we cover the pros and cons, to determine if SoFi is the right fit for you!
SoFi (Up to $325 Bonus offer)
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Tags: SoFi, SoFi HYSA, SoFi Checking and Savings, HYSA, Best HYSA, High Yield Savings Accounts, Finance
#SoFi #HYSA #CreditCards #Finance
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I sent an electronic payment to a SOFI account. My electronic check was cashed by SOFI. The money was Not credited to my account and SOFI refuses to return my money.
APY is what pls be more specific in wording what your speaking about it would really clarify things had to google it: APY stands for annual percentage yield, which is the rate of interest earned on a bank account over a year. APY is different from interest rate because it takes into account how often interest compounds, or is added to the balance, over time.
He’s a scam click his link pay him
Why would direct deposit be a problem? You can put some in there not all
You’re the male Karen of the Internet, especially on YouTube…..
I’m wanting to bank with sofi, not sure if should open both checking and saving accounts, or just the saving account to receive the 4.60% apy. Need advice on how to proceed. Thks
Honestly the direct deposit is not that big of a deal. They don’t set up a minimum. Just split your check deposit with your employer and send just a portion to SoFi. I put most of my money in Fidelity. But still send a few hundreds to SoFi every month, just to have it
💰Click ➜ https://bit.ly/Sofi-FC-2025 to earn up to a $325 Bonus offer when opening your SoFi account
Zelle was added to SoFi on May 7 2024
Can you also use the world debit card at regular competitor atms too for a fee? Like a Chase ATM.
What’s the website to start saving account
I am a freelancer and get paid to my LLC/S Corp and then currently pay myself a monthly distribution. Do you have any idea if I set up a monthly transfer from my Business LLC account(Novo), that would qualify from SoFi as a Direct Deposit? I called their customer service, and they person couldn’t give me a clear answer.
By opening an account with SoFi, am I forced to use their checking account ? I know when you sign up it automatically comes with the checking account, but does the account require any flow of money ? (I mainly want to use it for the savings account itself)
No thanks. Website is bloated like a samsung phone, I needed a map to locate the checking account.
What if I choose to direct deposit portion of my pay check like 10 or 15% to Sofi and the rest to my traditional account, will I still be qualified for the high interest rate?
Second question : If I direct deposit money from my side hustle like Amazon flex or doordash, does that qualify as direct deposit?
Direct deposit is a HUGE deal breaker. No thanks!
I’m planning to do a partial direct deposit to savings. Would that be ok or it has to be deposited to the checking account?
If I make the direct deposit in my checking account and I transfer to my savings account, will I still have 4% or not?
SoFi is trash….
Probably a dumb question… but I literally just set up an account thru direct deposit that goes to checking… will I still be able to get the higher rate with the savings (when I move portion to savings) even tho I’m depositing into the checking?
the direct deposit is a deal breaker.
they recently announce they are implementing zelle! Pretty epic!
Thank you for the information ✔️
That’s the only reason i downloaded Sofi for the Zelle , now you saying i wont be able to use it until my direct deposit is set up, 👎🏾 i just want to send money to a zelle account with out the big banks, know any go apps that can send besides the big name brand banks
It’s a scam but not a scam because biological systems multiply, not inanimate shit like money.
Jesus loves you all <3
For most of these online banks, maintaining an account with a brick and mortar bank might be a good idea. 🏦💵🏧
Does direct deposit have to be set up thru Sofi Portal or can it be set up by the employer directly?
Thanks for sharing the cons.. Im self employed, so needed yo know about that 1.2% without the direct deposit.
Sofi the same as the one samsung offer ? Sofi with samsung
Can a debit card add to your account?
Can i transfer money from my bank of america account to my sofi savings account?
Will I have to pay taxes if I make $1,000 a month?
you make me soooooo fucking sleepy listening to you
Hello I hope you can answer my question being this is an older video. Does the HYSA pay the interest gained monthly? Or is it yearly? And is there a limit to what I gain? For example my community America HYSA only lets me gain high interest on a limit of $2500 and the rest of the money I add only gains basically pennies. Does SoFi let me gain interest on larger amounts?
Its 10 bucks a month get acorns
is a partial Direct Deposit enough to get the 4.6% currently being offered?
SOFI LOST MY DEPOSIT. DO NOT TRUST SOFI.
6:38 getting taxed on the interest u earn is not specific to sofi. I know u mention it but how is that a con to sofi? Any interest u earn at any bank is taxable
San Francisco is a deal.breaker .
If I deposit 5K in sofi, do I still need to make direct deposit of $1k per month?
All these random pictures and business shorts lol – great vid tho!
100% VA plus civilian employment 🙏
Inactive fee of $25 a month if I don’t login? That’s scummy activity
so how much do you really gain if you’re being taxed on the APY? It’s being eaten all up by Unk Sam?–right?
I want to purchase this sofi account, can you help me?
I have a question. What is the minimum required direct deposit? Or as long as you have direct deposit you will get the highest apy ?
Is it possible to do a direct deposit from one bank account to another?
Does an Uber driver direct deposit works with Sofi? Seems like I linked mine there to my savings but not sure if it will work, also does an ACH from a business account could work?
Direct deposit? BOOO👎🏻