How Do I Transfer Funds from My SoFi Account?

If you have any of the various SoFi accounts, you will eventually need to know how to withdraw money from them. Active Invest, Auto Invest, Crypto Invest, and Money accounts have different withdrawal procedures. They all require you to have a bank account linked to your SoFi account.

Sep 8, 2022

SoFi is an online bank and finance company that handles loans, crypto trading, and investing services. If you have a SoFi account, then no matter what you do with it, you are going to need to withdraw money from it now and then. There are several different kinds of SoFi accounts, and each one has its own procedure for withdrawing money. This article will teach you how to withdraw from each type of account.

Linking Your SoFi Invest Account to Your Bank Account

To withdraw money from your SoFi Active or Auto Invest account, you need to link it to a bank account. To link the accounts, follow these instructions:

  1. Open the app.
  2. Go to your SoFi Invest account.
  3. Tap on Add Cash.
  4. Tap on From.
  5. Tap on Add New Account. You will be sent to a Plaid website.
  6. Tap on the Continue button.
  7. Select your bank from the list.
  8. Follow the instructions to finish linking your accounts.

Withdrawing Money from Your SoFi Auto Invest Account

To initiate a withdrawal, follow these instructions:

  1. Open the app.
  2. Go to your account page.
  3. Tap on the gear icon in the upper right corner.
  4. Tap on Withdraw Money.
  5. Choose an amount to withdraw.
  6. Select the account to withdraw from
  7. Select the account to transfer to.
  8. Submit and confirm the withdrawal.

The funds will appear in your account within three business days.

Withdrawing Money from Your SoFi Active Invest Account

To withdraw money from a SoFi Active Invest account, follow these instructions:

  1. Open the app.
  2. Go to your Active Invest account page.
  3. Tap on Manage.
  4. Tap on Withdraw.
  5. Enter an amount to withdraw.
  6. Choose your SoFi account to withdraw from.
  7. Choose an account to receive the funds.
  8. Click on Review to complete the transaction.

You will receive your funds within three business days.

Withdrawing Money from Your SoFi Crypto Invest Account

To withdraw money from your SoFi Crypto account, all you have to do is sell the crypto. The money will be deposited in your SoFi Active Invest account automatically. To get the money to your bank, follow the instructions above for withdrawing money from an Active Invest account.

Linking Your SoFi Money Account to Your Bank Account

To get money out of your SoFi Money account, you need to link it to a bank account. To do that, follow these instructions:

  1. Open the app.
  2. Go to the SoFi Money page.
  3. Tap on Transfer.
  4. Tap on Transfer between Accounts.
  5. Click on To.
  6. Tap on Add an Account. You will be taken to a Plaid website.
  7. Tap on Get Started.
  8. Choose your bank from the list.
  9. Select the account to link to.
  10. Tap on Connect.
  11. Verify your identity by phone.
  12. Enter the verification code.
  13. Tap on Submit.
  14. Tap on Next.

Withdrawing Money from Your SoFi Money Account

To make a withdrawal from your SoFi Money account, follow these instructions:

  1. Open the app.
  2. Go to your SoFi Money account.
  3. Tap on Transfer.
  4. Click on From.
  5. Select your SoFi Money account.
  6. Click on To.
  7. Select your bank account.
  8. Submit and confirm the transfer.

Your funds will hit your bank within three business days.

Contacting SoFi

If you need help or have questions, you can call a SoFi customer service representative for assistance. There are no online contact options.

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