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American Express vs SoFi checking

American Express and SoFi checking side by side: fees, minimums, interest, ATMs and overdraft.

APY

American Express: 1.00% APY, no minimum balance to earn
SoFi: 0.50% APY on checking balances, no minimum

Monthly fee

American Express: $0
SoFi: $0

Min to open

American Express: $0
SoFi: $0

Min balance

American Express: $0
SoFi: $0

ATMs

American Express: No fee at Allpoint and MoneyPass ATMs in the U.S.
SoFi: 55,000+ fee-free Allpoint ATMs

Overdraft

American Express: not found
SoFi: No overdraft fees; coverage up to $50 with $1,000+ monthly direct deposit

Sources: American Express, SoFi (2026-10-12).

More rates

• CD rates
• Money market rates
• Checking accounts
• Savings rates
• Savings Index & rate history
• Am I overpaying?

FAQ

Which pays more interest on checking, American Express or SoFi?

American Express has the higher stated top-tier APY as of 2026-10-12.

Where do these rates come from?

Each rate is read from the bank's own public page on the date shown and linked. Rates change often: confirm on the bank's site before opening. Not financial advice.

Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.