How Do I Open an Account with SoFi?

SoFi is both an online bank and an online investment service. If you are interested either in the convenience of online banking or the convenience of online investment tools, consider opening an account with SoFi, as shown below.

Types of SoFi Account

SoFi offers a few types of accounts that you can choose from, as follows:

• SoFi Active Invest Account: This account is for people who want to decide what stocks to buy on their own. With it, you can choose your investment strategy, one designed to let you potentially outperform the market, with the ability to choose your risks, goals, and preferences.
• SoFi Auto Invest Account: This account is for people who want to benefit from investing in stocks but don't know how to do it. With it, all you do is pick the portfolio and fund the account, and the SoFi virtual broker will make the purchase decisions for you.
• SoFi Checking and Savings Accounts: These are traditional checking and savings accounts such as any bank has, only online.

How to Open a SoFi Active Invest Account

To open a SoFi Active Invest Account, follow these instructions:

1. Log into the SoFi app.
2. Tap on the Invest icon, located at the bottom of the page.
3. Tap on Start Active Investing. You will be taken to the Contact Information page, which will mostly autofill all the needed fields.
4. Verify that the autofilled fields are correct.
5. Fill in any information that was not autofilled.
6. Tap on the Next button.
7. Tap on the No button under the "Are you using this account for retirement?" question.
8. Tap on Personal Investment Account.
9. Tap on the Next button.
10. Answer the questions you are asked.
11. Check the box to agree to SoFi's terms and conditions.
12. Tap on the Agree and Continue button. You will be given the option of linking your bank account to the Active Invest account, so you can transfer funds to it. To do so, follow the remaining instructions. To do it another time, tap on Skip This Step for Now.
13. Find your bank in the list of banks or by using the Search tool.
14. Enter your bank login credentials.
15. Tap on the Next button.
16. Click on the Add Money button. You will be taken to the transfer page.
17. Fill in all the fields on the Transfer page.
18. Submit the transfer to fund your Invest account.

The funds should reach your SoFi account in no more than 3 business days.

How To Open a SoFi Auto Invest Account

To open an Auto Invest account, open the app and tap the Get Started button. Then tap on Start Investing underneath Automated Invest Account. You will be given detailed instructions for opening the account.

How To Open SoFi Checking and Savings Accounts

To open SoFi's online banking accounts, follow these instructions:

• Go to the SoFi home page.
• Click on the Get Started button in the upper right corner.
• Enter your name.
• Select the state you live in from the drop-down menu.
• Enter your email address.
• Choose a password.
• Check the checkbox that says you agree to SoFi's terms and conditions.
• Click on the Next button.
• Follow the additional instructions you are given and provide any information requested.

Contacting SoFi

If you have any questions about SoFi accounts, you call a SoFi representative for assistance. There is no way to reach one online.