SoFi is a leader in marketplace lending and the largest provider of student loan refinancing, with over $3 billion dollars in loans issued. The Company is transforming financial services for high achieving professionals with student loan refinancing, mortgages, mortgage refinancing, and personal loans. Unlike traditional lenders, their proprietary underwriting approach takes into account merit and employment history to offer unique credit products members will not find elsewhere. They offer individual and institutional investors the ability to create positive social impact on the communities they care about while earning compelling rates of return.
@StevensonCanyon If your balance exceeds $245k at one partner bank, SoFi Money™ will automatically begin allocating deposits to a second program bank; each individual account is covered by the FDIC. This is to ensure your entire deposit is protected up to the $1.5mm limit we advertise.
@CCoffeeCap We want to make sure that we ware providing you with the best answer to your questions. Could you please provide us with some additional information so that we may assist you further. Are you referring to the time in which your funds may be available or transaction limits?