Across the finance industry, there’s been an increase in fraudulent and imposter activity, and SoFi has not been spared. With that in mind, we wanted to take a moment to remind you where SoFi operates, how to recognize a scam, and where you can report suspicious activity. At SoFi, we [...]
How It Works is an ongoing series here on our blog, exploring and demystifying topics about which we hear often from our members and the public. Today, we’re taking a look at how SoFi makes money. [UPDATED 11/21/2024 to include additional information on how SoFi Invest makes money.] SoFi is [...]
No, SoFi cannot refinance loans that are currently being used to finance education for actively enrolled students. For example, if you’re presently enrolled in a graduate program, SoFi can only refinance your undergraduate loans, not the loans you’re using for your graduate degree. You’ll need to wait until you’re no [...]
Starting on 9/9/2024, SoFi no longer offers the 0.125% Member Rate Discount on a new PL, SLR, or ISL. The discount will still be honored for offers that are still valid and that received the discount prior to 9/9/2024. The post How can I access the Member Rate Discount? appeared [...]
We closed out 2023 on a high note by debuting SoFi’s first comprehensive ESG report which captured our efforts throughout 2022. Today, we’re proud to share that our ESG Committee, which is made up of 10 SoFi stakeholders who represent key areas of our organization–including facilities, people, financial reporting, and [...]
SoFi is piloting two new invitation-only credit cards – the SoFi Everyday Cash Rewards Credit Card and the SoFi Essential Credit Card. These new cards reflect SoFi’s commitment to helping our members achieve their goals. By offering several cards, we can serve members with diverse credit backgrounds more options to [...]
We’re thrilled to share some exciting news: SoFi has been named on Forbes’ Best Workplaces for Women! A true testament to our commitment to fostering an inclusive, supportive, and empowering environment for all employees, this recognition is especially meaningful to me, not just as SoFi’s Chief People Officer – but [...]
New Survey Data from Embold Research, Sponsored by SoFi, Shows Federal Student Loan Borrower Confusion and Misconceptions Around Resumed Payments Understanding the current state of federal student loan repayment In October 2023, federal student loan borrowers received their first bill in nearly three-and-a-half-years, following the end of the student loan [...]
We’ve read your posts and comments, and we know that Zelle® is one of the most requested features on the SoFi app. We’re excited to share that starting today, we’re beginning to roll out Zelle® with SoFi Checking & Savings members. To make sure we’re building a great money transfer [...]
The SoFi Unlimited 2% Credit Card1 already focuses on rewarding our members simply. The card, which charges zero annual fee†, features a host of benefits to help you get your money right, including unlimited 2% cash back rewards2 on all purchases redeemable as statement credit or towards saving, investing, or [...]
