Does Sofi Have Minimum Balance Extra Quality -

| Feature | SoFi Bank | Traditional Banks (e.g., Chase, Bank of America) | | :--- | :--- | :--- | | | $0 | $25 - $100 (typical) | | Min. Balance to Waive Fees | N/A (No monthly fees) | $1,500 - $5,000 (typical) | | Monthly Maintenance Fee | $0 | $10 - $25 (unless waived) | | Overdraft Fees | $0 | Up to $35 |

May 24, 2024 Subject: Analysis of Minimum Balance Requirements for SoFi Banking Products does sofi have minimum balance

While there is no minimum balance to have the account, you must set up an eligible direct deposit or make qualifying deposits of $5,000 or more every 31 days to unlock the highest advertised interest rates. SoFi Invest | Feature | SoFi Bank | Traditional Banks (e

$0. There are no rules requiring you to maintain a specific amount to keep the account active or avoid monthly fees. There are no rules requiring you to maintain

For completeness, it is worth noting that SoFi’s investment platform also adheres to low-barrier entry:

Open a Checking Account Online - No Deposit, No Monthly Fees

While there is no minimum balance to keep the account, your interest rate (APY) depends on your activity.