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Is SoFi a good checking account?

What SoFi checking costs and pays, read from the bank's own page. Use Compare below to see it next to another bank.

The facts: monthly fee $0, minimum to open $0, APY 0.50% APY on checking balances, no minimum (#5 of 9 interest-paying accounts we track).

Account

SoFi Checking

Minimum balance

$0

ATMs

55,000+ fee-free Allpoint ATMs

Overdraft

No overdraft fees; coverage up to $50 with $1,000+ monthly direct deposit

Source

bank page (2026-10-12)

Compare

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More rates

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• Checking accounts
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• Savings Index & rate history
• Am I overpaying?

FAQ

Does SoFi checking have fees?

Monthly fee: $0; overdraft: No overdraft fees; coverage up to $50 with $1,000+ monthly direct deposit (per the bank's page, 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.