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SoFi Checking and Savings
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A good checking account should do more than just keep your money safe. It should also make your life easier, with features like ATM access and early direct deposit, and sometimes even help you grow your money by earning interest or rewards. Checking accounts with all of these perks are hard to come by, but we've reviewed options with popular banks and banking platforms to find the accounts that offer the most everyday value and benefits.
Learn our picks for the best checking accounts, why each bank account deserves a seat at the table, and the things we like about each bank or fintech.
How we rate products
Companies on this list were evaluated according to a set of criteria.
We looked at the following:
- FDIC insurance or NCUA insurance: To make our list, a checking account must be FDIC insured or National Credit Union Administration (NCUA) insured in the case of credit unions.
- Account minimums: All listed accounts have no minimum balance requirement or average daily balance requirement to remain open without incurring fees (though some do have minimum balances in order to earn APY). Some also have no minimum deposit required to open.
- Fees: A variety of bank account fees were considered in our assessment. Fees evaluated include monthly maintenance, ATM, minimum balance, foreign transaction, and overdraft fees.
- Account features: Checking accounts were evaluated on the availability of certain features such as paper checks, online bill pay, mobile deposits, rewards on spending, and whether the account is interest bearing.
What to look for in a checking account
Your checking account is likely to be one of the financial products you're going to interact with most, so it's important to pick one that meets your needs and fits your money management style. Things to keep in mind as you review the accounts below include, but aren't limited to:
- Fees (account maintenance, ATM, or otherwise)
- Features like overdraft protection or early direct deposit
- Customer service record
We'll go into greater detail on all these points and more below, but first, here are our picks for some of the top checking accounts out there.
Compare top checking accounts from banks and fintechs
| Checking Account | Best for | Monthly fees and minimums |
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Combined online checking and savings |
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In-person banking |
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Minimal-fee checking |
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| Earning cash back |
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Customer experience |
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*Details about Discover® Cashback Debit have been collected by FinanceBuzz editors. This information is accurate as of the date of the review and was not reviewed or approved by the issuer. FinanceBuzz does not receive commission for this product.
SoFi Checking and Savings
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- No monthly service or overdraft fees3 <p>We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a></p>
- Up to 3.80% APY on savings with direct deposit15 <p>SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet">http://www.sofi.com/legal/banking-rate-sheet</a>. See the SoFi Plus Terms and Conditions at <a href="https://www.sofi.com/terms-of-use/#plus">https://www.sofi.com/terms-of-use/#plus</a>.</p>
- Must have direct deposit to earn highest APY
- No standalone checking or savings account
We'll always go to bat for this account from SoFi® as one of the best checking options, even if it isn't strictly a checking account. In fact, this is why we prefer it over other choices — it's a combined checking and savings account that rewards you for everything from your everyday earnings or rainy day fund. The account earns up to 3.80% on your savings balance with direct deposit and up to 0.50% on checking with direct deposit. You'll earn 1.00% (as of 01/24/25) on your savings balance if you don't have direct deposit set up.15 <p>SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet">http://www.sofi.com/legal/banking-rate-sheet</a>. See the SoFi Plus Terms and Conditions at <a href="https://www.sofi.com/terms-of-use/#plus">https://www.sofi.com/terms-of-use/#plus</a>.</p> .
You don't have to stress about overdraft or monthly maintenance fees with SoFi Checking and Savings.3 <p>We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a></p> If you open this account, I recommend taking advantage of its overdraft coverage. If your account becomes overdrawn, SoFi will automatically pull from your savings to cover the charge.16 <p>Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with Eligible Direct Deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The 30-Day Evaluation Period refers to the "Start Date" and "End Date" set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the "30-Day Evaluation Period"). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage.</p> This joint account is also great for quickly transferring funds when you want to save more or need to tap into your savings.
Member FDIC 5 <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at <a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>
Visit SoFi Checking and Savings | Read our SoFi® review.
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Account to consider instead
If the SoFi Checking and Savings account appeals to you but doesn't seem quite right, the Axos ONE account is a very similar alternative. It's also a checking and savings one-two punch. The account earns up to 0.51% APY on checking balances when you meet requirements, and 4.51% APY on savings balances when you meet requirements.20 <p class="">The Annual Percentage Yield (APY) is accurate as of 08/01/2025. The base and promotional interest rate and corresponding APY for Axos ONE Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE Savings is variable and is set at our discretion. Axos ONE Savings is a tiered variable rate account. Axos ONE Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.</p><p>Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below.</p><p>The Axos ONE Checking account will earn a base rate of 0.00% APY. The Axos ONE Savings account will earn a base rate of 1.00% APY.</p><p>Axos ONE accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE Checking and Axos ONE Savings, the Axos ONE Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period:</p><p>Option 1</p><p>1. Your Axos ONE Checking account has received qualifying direct deposits of at least $1,500 in total.</p><p>2. The average daily balance of your Axos ONE Checking account is at least $1,500.</p><p>Option 2</p><p>1. Your Axos ONE Checking account has received qualifying deposits of at least $5,000 in total.</p><p>2. The average daily balance of your Axos ONE Checking account is at least $5,000.</p><p>If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period:</p><p>• The Axos ONE Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met.</p><p>• The Axos ONE Savings account will earn a promotional rate of up to 4.51% APY for the statement cycle in which the requirements are met.</p><p>The Qualification Period is from the 1st of the month through the 25th of the month. The Qualification Period for new accounts will begin on the day the account is approved. Any qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. </p><p>A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. Other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.) or person-to-person payments are not considered a direct deposit.</p><p>Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds.</p><p>Both accounts must be in an open and active status on the date the interest is paid to receive the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.</p> Plus, like SoFi's account, it offers early access to your paycheck21 <p>Faster access to funds is based on a comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct Deposit and earlier availability of funds are subject to payer’s support of the feature and timing of payer’s funding.</p> and lets you separate spending money and savings.
You might like Axos ONE better than SoFi because it offers a higher yield on savings, but you do have to either receive at least $1,500 in total monthly qualifying direct deposits and maintain at least this amount as your average daily balance, or receive at least $5,000 in total monthly deposits and maintain this balance to qualify for this rate.
Chase Total Checking®
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- Large in-person branch network
- Overdraft Assist
- High monthly fee
- Limited fee-free ATM network (around 15,000)
Chase offers a variety of checking account options, including Chase First Banking for kids as young as six years old and Chase College Checking for students. But one of its most popular accounts is Chase Total Checking®, the option we recommend for the majority of people.
It's a basic account that's compatible with Zelle and offers excellent in-person access through a network of more than 5,000 branches. It makes for a great joint checking account, and the monthly service fee of $15, while not ideal, is relatively easy to waive. To avoid it, you can:
- Make qualifying electronic deposits totaling $500 or more to the account each statement period.
- Have a minimum daily balance of at least $1,500.
- Have a minimum combined balance of at least $5,000 across eligible Chase checking and savings accounts.
The account also includes Chase Overdraft Assist, which offers no overdraft fee if you're overdrawn by $50 or less at the end of a business day.
Member FDIC.
Visit Chase Total Checking® | Read our Chase Bank review
Chime® Checking
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- No monthly service fees9 <p>There’s no fee for the Chime Savings Account. Cash withdrawal and Third-party fees may apply to Chime Checking Accounts. You must have a Chime Checking Account to open a Chime Savings Account.</p>
- Offers fee-free overdraft protection of up to $200 to qualifying members11 <p>SpotMe® on Credit is an optional, no interest / no fee overdraft line of credit tied to the Secured Deposit Account available to qualifying members with an active Chime Card Account. To qualify for the SpotMe on Chime Card service, you must receive $200 or more in qualifying direct deposits to your Chime® Checking Account each month and have activated your physical secured Chime Visa® Credit Card or Chime Visa® Debit Card.</p><br> <p>Qualifying members will be allowed to overdraw their Secured Deposit Account up to $20, but may later be eligible for a higher limit of up to $200 or more based on Chime account history, direct deposit frequency and amount, spending activity and other risk-based factors. The SpotMe on Chime Card Limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime’s or its banking partners’ discretion. Although Chime does not charge any overdraft fees for SpotMe on Chime Card, there may be out-of-network or third-party fees associated with ATM transactions and fees associated with OTC cash withdrawals. SpotMe on Chime Card won’t cover non-card transactions. <a href="https://www.chime.com/policies/" style="background-color: rgb(255, 255, 255);">SpotMe on Chime Card Terms and Conditions</a>.</p>
- Potential early access to paychecks10 <p> Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.</p>
- Out-of-network ATM withdrawal fees
- Not all members are eligible for mobile check deposit
One of the few online checking accounts we've found that allows cash deposits, the Chime checking account lets you make cash deposits at a long list of retailers, including Walgreens, Walmart, 7-Eleven, Dollar General, and more (though only Walgreens transactions are fee-free).24 <p>Once the retailer accepts your cash, the funds will be transferred to your Chime account. Cash deposit fees may apply if using a retailer other than Walgreens and Duane Reade. </p> This is more choices than you'd get with another platform that lets you deposit cash, like Varo.
There's plenty to like about this account, including a large fee-free ATM network12 <p>Out-of-network ATM withdrawal and over the counter advance fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.</p> , a debit card, and no minimum balance requirements. I also like this account if your income and expenses might be a little erratic and occasionally lead to a lower balance.
You also might find some of Chime's other accounts useful, like the Secured Chime Credit Builder Visa® Credit Card25 <p>The secured Chime Credit Builder Visa® Credit Card is issued by The Bancorp Bank, N.A. or Stride Bank, N.A., pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see the back of your card for its issuing bank. To apply for Credit Builder, you must have an active Chime® Checking Account.</p> or high-yield savings account.26 <p class="">Chime Checking Account is required to be eligible for a Savings Account.<br></p>
Like some of the other accounts on this list, Chime offers the ability to get your paycheck up to two days early with direct deposit. But on top of that, Chime SpotMe® overdraft protection covers any accidental overdrafts up to $200, so your purchases aren't declined, and it won't charge an overdraft fee either.11 <p>SpotMe® on Credit is an optional, no interest / no fee overdraft line of credit tied to the Secured Deposit Account available to qualifying members with an active Chime Card Account. To qualify for the SpotMe on Chime Card service, you must receive $200 or more in qualifying direct deposits to your Chime® Checking Account each month and have activated your physical secured Chime Visa® Credit Card or Chime Visa® Debit Card.</p><br> <p>Qualifying members will be allowed to overdraw their Secured Deposit Account up to $20, but may later be eligible for a higher limit of up to $200 or more based on Chime account history, direct deposit frequency and amount, spending activity and other risk-based factors. The SpotMe on Chime Card Limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime’s or its banking partners’ discretion. Although Chime does not charge any overdraft fees for SpotMe on Chime Card, there may be out-of-network or third-party fees associated with ATM transactions and fees associated with OTC cash withdrawals. SpotMe on Chime Card won’t cover non-card transactions. <a href="https://www.chime.com/policies/" style="background-color: rgb(255, 255, 255);">SpotMe on Chime Card Terms and Conditions</a>.</p>
Visit Chime® | Read our Chime review
Discover® Cashback Debit
- 1.00% cash back on up to $3,000 in qualifying debit card purchases each month
- Early access to paychecks
- No NSF fee or minimum balance requirement
- Can only deposit cash at Walmart
I have to say, there aren't many checking accounts that offer cash back on your spending. If you like the idea of earning money back on your debit transactions, you may want the Discover® Cashback Debit account.
It offers an impressive 1% cash back on up to $3,000 in qualifying debit card transactions each month. This is in addition to standard checking features such as no minimum balance requirements and early access to paychecks. It also has an extensive ATM network and a fee-free overdraft protection service.
One drawback to Discover Bank's checking account is that you can only make cash deposits at Walmart. You can make electronic deposits by transferring money from another institution, however. Member FDIC.
Read our Discover review
Capital One 360 Checking
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- Excellent ATM access relative to other online banks
- May offer welcome bonuses to new customers
- Early access to paychecks28 <p>Early paycheck is available for 360 Checking customers that set up direct deposit with their employer or other payor to receive electronic deposits of regular periodic payments (such as salary, pension, or government benefits). Certain non-payroll and tax payments are not eligible for early paycheck. Early direct deposits may be available to you up to 2 days earlier, however, we are dependent on the timing of your payor’s payment instructions and therefore you may not always see your direct deposits arrive early. Early paycheck eligibility may vary between pay periods and daily/transaction limits apply. </p>
- Permits cash deposits at any CVS or Walgreens
- Earns negligible interest
- No debit card rewards
- Does not reimburse ATM fees for out-of-network ATMs
This well-advertised account is worthy of its status as one of the most popular checking accounts today, from our perspective. Capital One 360 Checking doesn't offer the most features or rewards as some checking accounts out there, including others on this list, but it does more things right than not.
For instance, you won't pay any overdraft fees with this account (because you can either have these transactions automatically declined or protect your account from a negative balance by linking another account), and you can get your paycheck up to two days early with direct deposit. Plus, this account offers better cash access and deposit options than others. You can use more than 70,000 ATMs without incurring fees, including no international ATM fees, and you can even make fee-free cash deposits, which is far less common.
We ultimately included this account on our list because Capital One is known for providing an above-average customer banking experience. In the J.D. Power 2025 U.S. Retail Banking Satisfaction Study, Capital One scored the highest in both the Mid-Atlantic and South Central regions. The Capital One mobile banking app is rated 4.9 out of 5 stars in the App Store and 4.5 stars on Google Play to boot.
Visit Capital One 360 Checking | Read our full Capital One 360 review.
Our advice for picking a checking account
As you compare the best checking accounts available, you'll need to consider your goals and lifestyle. Here's what to look at as you research account options:
Steer clear of fees (or at least make sure you can waive them)
There's almost no reason to pay for your checking account, and many banks have stopped charging account maintenance fees altogether. So you can seek out an account with no monthly fees. While some of the banks and companies here charge these, you can typically waive monthly fees with certain account activities, like direct deposit.
If you plan to keep a sizable balance in your checking account, an account that waives monthly fees when you meet a minimum balance requirement might be good.
Take into account any fees you might encounter before signing up for a new checking account. You can search online for the bank's name or checking account and "fees" and typically find this information.
Look for the following:
- Monthly account maintenance fees (and how to waive them, if possible)
- Overdraft fees
- ATM fees
- Non-sufficient funds (NSF) fees
- Debit card fees
Of course, no one wants to pay any fees, but be sure you understand fee structures of your new account. If you rarely let your balance dip below $500 and that's the minimum amount to avoid a monthly fee, you're probably safe. Or if ATMs are important to you, check the bank's ATM locator to ensure that there are plenty of fee-free machines in your area.
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Make sure the bank offers the features and benefits you need
Next is a fairly obvious question as well. What do you want from your checking account? Figure out what matters most to you. You probably won't get all of these features, so prioritize the benefits you need and want.
- Fee-free ATM access: How many ATMs are available? Does the bank reimburse out-of-network ATM transactions?
- Annual percentage yield (APY) or cashback rewards: Does the checking account pay more than a pittance in interest on your balance? How do you earn it? A few checking accounts offer a rewards program on your spending.
- Overdraft protection: Does the bank offer overdraft protection if you make a payment and your balance dips temporarily?
- Early access to your paycheck: Does the bank provide optional access to funds up to two days before the direct deposit date?
- Joint accounts: If this applies to you, you might want a joint checking account with a partner or relative.
- In-person branches: If you prefer in-person banking, choose a bank with physical branches near you.
- Monthly statements: All checking accounts provide monthly statements summarizing your account activity for a statement period, or a month, and many give you the flexibility to choose either paperless electronic statements or physical paper statements. Some accounts charge a small fee — usually $1 — for paper.
I prefer mobile banking to in-person, for example, but I don't really care about ATM access or cash rewards. I tend to keep a relatively high balance in my checking account, so I don't need to worry about a minimum balance or overdraft fees. But your priorities in a checking account may be different, so choose what works for you.
FAQs
What is required to open a new checking account?
Requirements vary by bank for opening an account, but you'll typically need to be at least 18 years old and have a valid Social Security number or Individual Taxpayer Identification Number. You'll also need to submit photo identification and provide proof of your current address.
How many checking accounts should I have?
There's no magic number; it's totally okay to have one or multiple checking accounts in your name. Sometimes, having more than one checking account can make money management and budgeting easier. For example, you might want a separate checking account for spending on your kids, or a business checking account for your business expenses.
How much should I keep in checking?
You should keep at least the minimum balance in your checking account and ensure you have enough to cover all your monthly bills. It's a good idea to have a cushion to protect yourself from accidental overdrafts. I tend to keep more than necessary because that's what's comfortable for me, but it's better to move excess funds into a high-yield savings account where it can earn you more.
Bottom line
Choosing the right checking account is crucial for healthy money management. Some checking accounts offer high interest rates, while others have low or no fees. Some have convenient mobile banking features, while others provide more flexibility and perks. Some banks even offer discounts for a specific profession, like for educators, so it is important to research thoroughly.
Among our top recommendations are Chime and SoFi. Check out our SoFi vs. Chime comparison to see how they stack up, or our SoFi vs. Discover® Cashback Debit to compare those accounts. But there are plenty of other options available (including more banks like Chime), so make sure to research and compare your options before making your choice.
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- Limited-Time Offer: Earn up to a $300 bonus and up to 4.50% APY on Savings (3.80% APY1 <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at <a href="https://www.sofi.com/banking/">sofi.com/banking</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p><p>SoFi members with Eligible Direct Deposit can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet" >http://www.sofi.com/legal/banking-rate-sheet</a>.</p> with +0.70% APY Boost) for 6 Months on new accounts with eligible direct deposit. Terms Apply.2 <p>Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at <a href="https://www.sofi.com/banking/#2">sofi.com/banking#2</a>. SoFi Bank, N.A. Member FDIC.</p>
- No account, overdraft, or monthly fees3 <p>We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a></p>
- Get your paycheck up to two days early4 <p>Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.</p>
- Access additional FDIC insurance up to $3 million5 <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Helvetica Neue", Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at <a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>