What is the Bancorp Bank partnership with Sofi?

WILMINGTON, Del.-- ( BUSINESS WIRE )--The Bancorp Bank, the wholly owned banking subsidiary of The Bancorp, Inc. (NASDAQ: TBBK) is excited to announce its partnership with SoFi, a digital personal finance company, to provide back-end banking services and act as the exclusive card issuer behind the SoFi Money® product.

Does Sofi bank offer a money market account?

But SoFi doesn’t offer CDs or a money market account, and you can’t open a standalone checking or savings account. This SoFi Bank review offers a closer look at SoFi’s personal banking products and services. Account details, including annual percentage yields (APYs) and fees, are accurate as of May 1, 2023.

What is Sofi & how does it work?

your money. SoFi is a different kind of finance company whose goal is to help people get their money right. Our products are built around our members—so that they have the tools they need to take control of their financial futures. Getting your money right means different things to different people. For some, it means being debt free.

Who makes Sofi loan products?

SoFi loan products are originated by SoFi Lending Corp., NMLS # 1121636. ( www.nmlsconsumeraccess.org. ). Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi Money® is a cash management account, which is a brokerage product, offered by SoFi Securities LLC.