# SoFi: Bank, Invest & Crypto — Online Banking & Investing

> All-in-one financial app for banking, investing, crypto, and loans. (iPhone/iPad app by Social Finance, LLC.)

- Source: https://appshunter.io/ios/app/sofi-bank-invest-and-crypto/id1191985736 (this page in markdown: same URL + `.md`)
- Developer: [Social Finance, LLC](https://appshunter.io/developer/1126885394)
- Category: Finance, Business
- Price: Free
- Rating: 4.70/5 from 385,474 App Store ratings · 2,227 written reviews indexed
- Age rating: 12+
- Requires: iOS 15.2 · 273 MB
- Languages: American English
- Released: 2017-04-10
- Data updated: 2026-08-29
- Monetization: free with in-app purchases
- User reviews in markdown: https://appshunter.io/ios/app/sofi-bank-invest-and-crypto/id1191985736/reviews.md

## What is SoFi?

Why do 15.8M members love SoFi? Bank, invest, and own crypto all in one app, now with SoFi Coach, your free AI-driven financial guide.

NEW! SOFI COACH: AI-DRIVEN FINANCIAL GUIDE
• Chat with Coach for personalized financial insights, powered by SoFi Financial Planners.
• AI-driven analysis of your spending, budget, credit score, debt, and investment portfolio.

ONLINE BANKING
• Open a bank account with no account, service, or maintenance fees and no minimum balance required.
• Mobile banking app to send money, transfer funds, pay bills, and manage your finances.

HIGH-YIELD SAVINGS ACCOUNT
• Savings Vaults help you organize your emergency fund and savings goals in one place.
• Instant transfers between checking and savings with no fees.

BUY, SELL & HOLD CRYPTO
• First national chartered bank where individuals can buy, sell, and hold cryptocurrency.
• Access Bitcoin, Ethereum, Solana, plus 25+ cryptocurrencies on a platform with the safeguards of a bank.

SOFI PLUS PREMIUM MEMBERSHIP
• 4.50% APY on up to $20,000 in savings with a SoFi Plus membership.¹

STOCK TRADING & INVESTING
• Trade stocks and ETFs through SoFi Securities to build your investment portfolio (other fees apply).
• Invest in fractional shares from $5, or explore index funds, ETFs, and options trading (restrictions apply).
• Automated investing, IRA and Roth IRA retirement accounts, and portfolio management through SoFi Wealth.

BUDGET APP & MONEY MANAGEMENT
• Budget app to track spending, set savings goals, and manage your finances from one place.
• Track expenses, monitor your net worth, and manage money across SoFi and linked accounts.

LOANS & CREDIT SCORE
• Personal loans and student loan refinancing for debt consolidation and large purchases. Pre-qualify in minutes without affecting your credit score.
• Credit score monitoring, credit report access, and credit-building tools.

BANK SECURITY & CUSTOMER SUPPORT
• Bank-level encryption, fraud alerts, and instant notifications for suspicious activity.
• Financial support team available 7 days/week via chat or (855) 456-SOFI (7634).

For disclosures on SoFi Invest platforms visit SoFi.com/legal. For a full listing of the fees associated with SoFi Invest please view our fee schedule (https://www.sofi.com/wealth/assets/documents/sofi-invest-fee-schedule.pdf).

When you open a SoFi Savings Account, SoFi Bank will also automatically open a SoFi Checking Account in your name. See the SoFi Bank Deposit Account Agreement for details.

We do not charge any account, service, or maintenance fees for SoFi Checking and Savings. We do charge transaction fees for outgoing wire transfers, Instant Transfers, and global remittance transfers. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/.

Estimated annual interest earnings are based on a $20,000 SoFi Bank savings account balance and assumes 3.10% APY, with interest compounded monthly and no additional deposits or withdrawals. It also assumes that you receive eligible direct deposit or $5,000 in qualifying deposits every 31 days for the entire 12 months. Rates are variable and subject to change, and actual interest earned may vary based on changes to your account balance and applicable APY. Interest earned on a traditional bank account based on a $20,000 savings balance and FDIC savings rate of 0.38%, referenced July 20, 2026.

This estimate is for informational purposes only and should not be relied on as a guarantee of future interest earnings. For your most current APY details, see the APY Details page in the SoFi mobile app. See also sofi.com/legal/banking-rate-sheet.

## Key features

- Buy, sell, and hold cryptocurrency
- Fee-free checking account
- High-yield savings account
- Commission-free stock and ETF trading
- Fractional share investing
- Loan pre-qualification and credit score tracking

## Chart rankings

- #24 in Top Free · Finance (US App Store)

## What do users think of SoFi?

Overall sentiment: neutral

**Pros**

- 🚀 Convenient all-in-one finance app
- 💰 Competitive interest rates on savings
- 👍 Intuitive and user-friendly interface
- 📈 Integrated investment platform
- 💳 Useful credit card with rewards
- 🔒 Secure account management

**Cons**

- 🐛 Buggy and unreliable account management
- 🕰️ Slow money transfer and withdrawal process
- 💸 Unwarranted account freezes and fund holds
- 🤖 Poor and unresponsive customer service
- 📈 Cluttered app with too many upsells
- 🔍 Difficulty verifying identity and updating info

**Commonly reported bugs**

- Inconsistent account syncing and data display
- Unreliable push notifications and alerts
- Inability to modify existing orders and transfers
- Glitches in app navigation and functionality

**Most requested features**

- Customizable budgeting and spending tracking
- Recurring transfer and automatic payment options
- Advanced charting and analysis tools for investments
- Ability to hide irrelevant product offerings
- Streamlined account management and troubleshooting

## Recent user reviews (10 of 2,227)

All indexed reviews: https://appshunter.io/ios/app/sofi-bank-invest-and-crypto/id1191985736/reviews.md

### 1/5 — Suck bank

*2026-08-25, version 3.110.0*

Undocumented $10K/mo pull xfer limit now, put your checks on hold for a week, and can’t even reverse the app sending notifications for BTC that you’re not even subscribed to!

### 1/5 — Personal Loan Experience

*2026-08-24, version 3.110.0*

It has been two months since starting a personal loan. This loan intended to help pay bills and basic needs. Understand not the best financial strategy but limited on options in transitioning back to continue my education and being let go by my previous employer. I met all demands and information needed to be approved. 

Such as current employment.  As is I had to ask my new employers to submit employment papers. I now have three jobs and donate plasma for gas or small bills money.  

However through the process Sofi had failed to update me on any progress. If a document was incorrect. If employer didn’t fill out the verification correctly.

Had to contact customer support many of times to get updates or if anything is wrong. They are probably sick of me by now but I thank them for helping me and being patient.

Also was required to submit bank verification. All though I use my current bank account in sofi to submit payments or buy stocks or make payments. 

Now I am facing potentially have my basic needs like water and gas shut off because my three jobs can not help with the all the payments nor have received help from Sofi. 
I do not know if this is unfair practice on Sofi behalf or what is going on. I hope this gets resolved soon before I have take any actions or lose essential needs.  I have felt embarrassed by asking both employers and banking for verification.  I feel the embarrassment of my significant other watching me struggled and barely making it by.

### 5/5 — The best banking app

*2026-08-23, version 3.110.0*

I used Chime for a while but had lots of issues. After Chime kept the balance from one of my accounts for several months, I learned they are a “fintech,” not a bank, so I had limited recourse. SoFi is different because SoFi has an FDIC Charter. I also couldn’t write checks from Chime. I eventually got my money back but still stayed with SoFi because it has lots more options, better support including dramatically better customer service and is a much more stable business. I’m glad I switched to SoFi!

### 5/5 — 5 year customer and zero problems.

*2026-08-22, version 3.110.0*

I am using SOFI branded credit card, SOFI money account and SOFI invest and crypto. Previously had used 3 very well know companies for each of these services (except crypto) for about 30 years. Very happy I consolidated these 3 under SOFI and added crypto. App is excellent and will only get better over time.

### 2/5 — Poor service but ok banking

*2026-08-22, version 3.110.0*

I tried to address a problem where SoFi said they have instant bank transfer from a SoFi savings to credit card but it is not true. So beware if you need the service. I also tried to address it with their help department and they disconnected the chat. Then I reconnected and it said one minute wait. Over ten minutes later I tried to contact them again with no luck. Good luck trying to get them to solve the problem of them advertising one thing and not delivering it. My credit card is still being rejected even after several hours of having an “instant” payment made. Buyer beware.

### 2/5 — Horrible Crypto Notifications

*2026-08-21, version 3.110.0*

I got this app for banking, not for spammy notifications about Crypto. Was finally able to turn them off finally, but enabling these by default is a horrible user experience.

### 1/5 — Notification Spam

*2026-08-21, version 3.109.0*

I get multiple crypto notification spams even though I've disabled it. Very annoying.

### 1/5 — Processing times are way too long

*2026-08-20, version 3.109.0*

Every time i try to either deposit, transfer, or do anything cash related the turn around time is way too long and their estimated wait times are always wrong, be ware.

### 1/5 — STOP MESSING WITH STUFF

*2026-08-20, version 3.109.0*

ugh I need to change banks at this point because they are slowly removing features and changing the entire layout and process to deposit checks. What used to be a streamline process now makes you press 8 different buttons and slide a slider that barely works when there was literally NOTHING wrong with it before. Stop messing with stuff!!! It was FINE omg. What used to be a helpful budgeting platform is also absolutely useless with the recent changes to the relay system. I miss what this bank/app was when I joined years ago.

### 5/5 — The best

*2026-08-20, version 3.109.0*

1. I get my paycheck early
2. I can trade stocks/options (needs chain options though)
3. I can buy sell and transfer crypto
4. Great apy savings 
5. Rewards and discounts for being a member
6. I can get loans (6) small businesses loans all from the app
7. Has credit tracking, and wealth tracking ( can connect outside accounts to view in one place) 
8. Has Ai coach to help with spending 
All in an app what more do you want!

## Frequently asked questions about SoFi

### What does the SoFi app do?

The SoFi app allows users to manage their banking, invest in stocks and ETFs, buy and sell cryptocurrency, and track their credit score. It aims to consolidate various financial activities into a single platform, eliminating the need for multiple apps.

### What are the key features of the SoFi app?

Key features include a fee-free checking account with early direct deposit, a high-yield savings account with organizational vaults, commission-free stock and ETF trading with fractional shares, the ability to buy/sell/hold over 25 cryptocurrencies, loan pre-qualification, and credit score monitoring.

### Is the SoFi app free to use?

The app itself is free to download and use. While there are no account or service fees for checking and savings accounts, certain transactions like outgoing wire transfers may incur fees. Trading stocks and ETFs is commission-free, but other fees may apply.

### What kind of accounts can I open with SoFi?

You can open a SoFi Checking Account and a SoFi Savings Account. The app also facilitates cryptocurrency trading and allows for stock and ETF investing. Additionally, it offers tools for loan pre-qualification and credit score monitoring.

### How does SoFi protect my financial information?

The app employs bank-level encryption to protect personal and financial information, along with fraud alerts. It also provides instant notifications for suspicious account activity to ensure your money is safe. A financial support team is available seven days a week for assistance.

## Version history (last 5 releases)

### 3.111.0 — 2026-08-29

We've made a bunch of bug fixes and improvements to help get your money right. It all adds up. Something else you'd like to see? Tell us more at mobilesupport@sofi.com.

### 3.110.1 — 2026-08-25

We've made a bunch of bug fixes and improvements to help get your money right. It all adds up. Something else you'd like to see? Tell us more at mobilesupport@sofi.com.

### 3.110.0 — 2026-08-21

We've made a bunch of bug fixes and improvements to help get your money right. It all adds up. Something else you'd like to see? Tell us more at mobilesupport@sofi.com.

### 3.109.0 — 2026-08-14

We've made a bunch of bug fixes and improvements to help get your money right. It all adds up. Something else you'd like to see? Tell us more at mobilesupport@sofi.com.

### 3.108.0 — 2026-08-07

We've made a bunch of bug fixes and improvements to help get your money right. It all adds up. Something else you'd like to see? Tell us more at mobilesupport@sofi.com.

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-29.*