SoFi Checking & Savings
APY
3.80%
Min. to Open
None required
Monthly Fee
No monthly fee
Welcome Bonus
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SoFi Checking & Savings
SoFi Checking & Savings
Up to 3.80% APY on savings. No monthly fees. No foreign transaction fees. $0 min balance.
Our take
SoFi Checking & Savings stands out from other nomad-friendly US accounts by combining zero fees with a genuinely competitive APY on savings (up to 3.80% with direct deposit). No foreign transaction fees means your Visa debit card works abroad without a surcharge. While SoFi doesn't rebate international ATM fees, the high savings yield means your idle cash actually grows — ideal for nomads who park 3–6 months of runway in a US account between trips.
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Full details
Rate & Earnings
| APY | 3.80% |
| APY conditions | With qualifying direct deposit of $5,000+/month |
Fees & Requirements
| Monthly fee | No monthly fee |
| Minimum to open | None required |
Features
| FDIC insured | FDIC insured |
| Mobile app | Mobile app |
| ATM access | ATM access |
| Check writing | Check writing |
Frequently asked questions
What is the current APY on this account?
The current APY is 3.80%. With qualifying direct deposit of $5,000+/month
Is my money protected?
Yes — this account is FDIC insured up to $250,000 per depositor, per institution. Your money is safe even if the bank fails.
How do I access my money?
ATM withdrawals are available. Check writing is supported. You can transfer funds electronically to a linked checking account, typically within 1–3 business days.
Are there any hidden fees?
This account has no monthly maintenance fee. Always review the full fee schedule for wire transfer, outgoing transfer, or other service fees.
SoFi Checking & Savings