Cryptocurrency Q&A
What is SoFi cash sweep?
What is SoFi cash sweep?
CosmicDream
Mon Dec 16 2024
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6 answers
1546
I heard about SoFi cash sweep and I'm curious to know what it actually is. Could someone please explain to me what SoFi cash sweep entails and how it works?
6 answers
SamuraiCourageous
Wed Dec 18 2024
This process, termed as "sweeping," ensures that your idle cash is efficiently managed.
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AmyDavis
Wed Dec 18 2024
Upon joining the brokerage cash sweep program, your uninvested funds in the SoFi Invest brokerage account undergo an automatic transfer.
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EmeraldPulse
Tue Dec 17 2024
The swept funds are directed into a distinct account, which is safeguarded by FDIC insurance.
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Federico
Tue Dec 17 2024
Apex Clearing, our clearing firm, handles the operations of this insured account.
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Dario
Tue Dec 17 2024
The account is maintained at one or multiple program banks.
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