Digital Banking > Best Digital Bank
SoFi Money was released to the public in early 2019, a mobile-first cash management account, with a high-yielding interest rate (1.80% as of September 2019), absolutely no fees (overdraft, account, minimums), unlimited ATM reimbursements, and joint accounts amongst many more features. In the months since launch, we’ve seen massive engagement and usage of SoFi Money as a primary account for our members. There are other competitors in the market offering a similar rate or a product with no fees, but none with no restrictions or minimum balance requirements like SoFi, which brings the best features of a checking and savings account together into one.
SoFi’s goal is to help members get their money right. With SoFi Money, members get more of what they want: a seamless mobile experience that rewards them for smart financial choices, and none of what they don’t: fees and hidden charges. SoFi membership comes with any SoFi product and offers benefits including exclusive events across the country, complimentary financial planning, and career coaching to all active members through an exclusive partnership with Korn Ferry. Members also receive incentives on SoFi products, including rate discounts on loans. All of these benefits add up making SoFi the most innovative and all encompassing financial partner in the market today.