SoFi SoFi Checking + Savings
A plan bySoFi
SoFi is a US neobank that combines banking, crypto trading, investing and the SoFiUSD stablecoin on Ethereum and Solana, with no FX fees. Its strength is the all-in-one offering under a national bank charter, but the service is available only in the US and the SoFiUSD stablecoin, launched in May 2026, is still very new.
SoFi Checking + Savings
- Price
- Free
- Issuance fee
- Free
- FX markup
- 0%
- Cashback
- 0%
- Cashback currency
- Nessuno
- Required staking
- Nessuno
- ATM fee
- 0%
- ATM limit
- 55,000+ fee-free ATMs (Allpoint network); out-of-network ATM operator fees charged to user
- Net annual cost
- Free
What's included
- Banking FDIC
- High APY savings
- Investing
- Crypto sospeso US 2023
- Loans
- Credit Card
Data & conditions
| Account fee | Free |
|---|---|
| IBAN | condiviso |
| Multi-currency | No (single currency) |
| Outbound transfers to third-party IBANs | Yes |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| On-chain crypto withdrawal | No |
| Interest on balance | 3.8% |
| ATM withdrawal | Free |
| Free ATM limit | 55,000+ fee-free ATMs (Allpoint network); out-of-network ATM operator fees charged to user |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | US · 1+ countries |
| Regulator | FinCEN / OCC / SEC |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | National Bank Charter (2022) OCC bank charter (USA) |
Strengths
- Neobank + crypto + invest + SoFiUSD stablecoin on ETH/Solana; 0% FX.
- No notable sovereignty advantage documented.
Weaknesses
- US only; SoFiUSD still new.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (OCC bank charter (USA)): reporting to authorities and freezes on order.
Verdict
The A rating rests on a rare national bank charter (OCC) combined with an all-in-one offering of banking, crypto trading, investing and the SoFiUSD stablecoin, with 0% FX fees. The consumer limit is US-only availability, while the SoFiUSD launched in May 2026 is still too new to weigh on the verdict.
Its own stablecoin on Ethereum and Solana is the most crypto-native detail, but SoFi stays custodial with full KYC under a federal bank charter: funds and keys belong to the institution. For anyone after self-custody and trustlessness, a bank-issued, bank-controlled stablecoin moves nothing.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is SoFi a real bank?
SoFi operates under a National Bank Charter (2022) licence (US). Fund protection: FDIC $250k.
Can I send transfers to third-party IBANs with SoFi?
Yes, SoFi allows outgoing transfers to third-party IBANs, like a traditional bank account.
Does SoFi support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does SoFi support?
The number of supported fiat currencies is not documented. Multi-currency accounts: not supported.
Can I withdraw crypto on-chain from SoFi?
No: SoFi does not currently allow withdrawing crypto to an external wallet (a feature announced as coming soon).
Sources
- Official service page Plans & pricing · Regulatory framework · Issuer · Savings interest · +2 Data verified on Jul 16, 2026
- investors.sofi.com Latest funding round · Supported stablecoins · Crypto Data verified on Jul 16, 2026
- support.sofi.com Deposit guarantee · On-chain crypto withdrawals Data verified on Jul 16, 2026
- bitget.com On-chain crypto withdrawals Data verified on Jun 15, 2026
Show 11 more sources
- mofo.com Valuation Data verified on Jun 15, 2026
- pitchbook.com Investors Data verified on Jun 15, 2026
- bossmoney.com Plans & pricing Data verified on Jun 14, 2026
- d18rn0p25nwr6d.cloudfront.net Trust & safety · Issuer Data verified on Jun 14, 2026
- d32ijn7u0aqfv4.cloudfront.net Plans & pricing Data verified on Jun 14, 2026
- fortune.com Issuer Data verified on Jun 14, 2026
- hackerone.com Trust & safety Data verified on Jun 14, 2026
- nerdwallet.com Plans & pricing Data verified on Jun 14, 2026
- rescana.com Regulatory framework Data verified on Jun 14, 2026
- trustpilot.com Trust & safety Data verified on Jun 14, 2026
- umbrex.com Company profile Data verified on Jun 14, 2026