Cash App vs SoFi
On the standard spending profile, Cash App has the lowest net annual cost (€0). Cash App offers the highest cashback (0%). Pick Cash App if you prioritise simplicity and exchange integration; consider SoFi if you prefer a mature custodial ecosystem.
| Cash App | SoFi | |
|---|---|---|
| Tier | A | A |
| Rating | ★ 4.4 | ★ 4.3 |
| FX markup | 3% | 0% |
| Cashback | 0% | 0% |
| Annual fee | Free | Free |
| Estimated net annual cost | €0 | €0 |
| Custodial | Custodial | Custodial |
| Network | — | — |
| Regions | US | US |
| Licences & safety | Money Transmitter + Banking partner (Wells Fargo, Sutton Bank) | National Bank Charter (2022) |
Frequently asked questions
Cash App vs SoFi: which is better?
On the standard spending profile, Cash App has the lowest net annual cost (€0). Cash App offers the highest cashback (0%). Pick Cash App if you prioritise simplicity and exchange integration; consider SoFi if you prefer a mature custodial ecosystem.
Which is cheaper, Cash App or SoFi?
On the standard spending profile Cash App has the lowest net annual cost: €0 versus €0 for SoFi.
Is Cash App custodial or self-custody?
Cash App is custodial: funds are held by the platform, while SoFi is custodial.
Which is better for spending abroad?
For foreign-currency spending SoFi wins, with the lowest FX markup: 0%.