Cryptocurrency Q&A Is SoFi a real bank?

Is SoFi a real bank?

SumoHonor SumoHonor Sun Dec 15 2024 | 7 answers 1668
I've been hearing a lot about SoFi recently and I'm wondering if it's a legitimate banking institution. Can someone confirm if SoFi is a real bank or just another financial technology company? Is SoFi a real bank?

7 answers

Nicola Nicola Tue Dec 17 2024
SoFi operates as an FDIC-insured and nationally chartered bank.

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ZenMind ZenMind Tue Dec 17 2024
The institution provides customers with SoFi Checking and Savings accounts.

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GwanghwamunGuardianAngelWings GwanghwamunGuardianAngelWings Mon Dec 16 2024
To qualify for this rate, customers must maintain an active direct deposit.

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KatanaBladed KatanaBladed Mon Dec 16 2024
The transition to becoming a bank enabled SoFi to offer superior features.

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BlockchainVisionary BlockchainVisionary Mon Dec 16 2024
Among these features is a competitive interest rate.

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