First, you have to be at least 18 years old and provide a valid government-issued photo ID, such as a driver’s license or passport. The digital-first bank has built its reputation on removing traditional banking friction, and this product is a cornerstone of that philosophy.
SoFi Savings Account APY Requirements: What You Need to Earn the Top Rate
Additionally, the bank utilizes Plaid to securely link your external bank account, which facilitates the initial funding of your SoFi Savings account. -based financial institution, the account is designed for individuals residing within the United States.
Alternatively, you can utilize direct deposit by providing your SoFi account details to your employer. You will need to provide your Social Security Number (SSN) to comply with federal regulations and pass a verification check.
SoFi Savings Account APY Requirements: Minimum Deposits and Eligibility
Deposit and Funding Requirements One of the most appealing aspects of the SoFi Savings account is the lack of a minimum opening deposit. This flexibility is part of SoFi’s strategy to encourage saving habits among a wide demographic of users.
More About Sofi savings account requirements
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