How to Open an Account with SoFi Bank: A Step-by-Step Guide

SoFi Bank, a part of the SoFi financial services platform, offers a variety of banking products, including checking and savings accounts, loans, and investment options. If you’re interested in opening an account with SoFi Bank, this step-by-step guide will help you through the process, along with official phone numbers and website links.

Step 1: Determine Your Account Type

SoFi Bank offers several types of accounts, each designed to meet different financial needs. Here are some common options:

Account Types

1. SoFi Checking and Savings: A combined checking and savings account with competitive interest rates.
2. Investing Accounts: For those looking to invest in stocks and ETFs.
3. Personal Loans: If you’re interested in borrowing.

To explore specific features of each account type, visit the SoFi Bank website: SoFi Bank Accounts.

Step 2: Gather Required Documentation

Before opening an account, make sure you have the necessary documents ready. Typically, you will need:

• Identification: A valid government-issued ID (e.g., passport or driver’s license).
• Social Security Number: Required for tax identification purposes.
• Proof of Address: A recent utility bill, bank statement, or lease agreement showing your name and address.
• Initial Deposit: Some accounts may require a minimum initial deposit; check the specific requirements for your chosen account.

Step 3: Open an Account Online

SoFi Bank primarily offers online banking services. Here’s how to open an account:

1. Visit the SoFi Bank Website: Go to SoFi Bank Online.
2. Select “Open an Account”: Click on the type of account you wish to open.
3. Complete the Application: Fill out the online application form with your personal information.
4. Upload Required Documents: You may need to provide digital copies of your identification and proof of address.
5. Review and Submit: Double-check all information for accuracy before submitting your application.
6. Initial Deposit: If required, fund your new account using a transfer from another bank or by entering your debit/credit card information.

Step 4: Set Up Online and Mobile Banking

Once your account is successfully opened, it’s beneficial to set up online and mobile banking for easy management:

1. Register for Online Banking: Go to the SoFi Bank Online Banking page.
2. Follow the Registration Process: Provide the necessary information to create your online profile.
3. Download the Mobile App: SoFi offers a mobile app for managing your accounts conveniently.

Step 5: Customer Support and Assistance

If you have questions or need assistance during the account opening process or afterward, you can reach out to SoFi Bank customer support:

• Customer Service Phone Number: Call 1-855-456-7634 for assistance.
• Website Support: For more information, visit the SoFi Contact Page.

Conclusion

Opening an account with SoFi Bank is a straightforward process when you follow these steps. By selecting the appropriate account type, gathering necessary documentation, and completing the online application, you can easily access the financial services offered by SoFi Bank. Utilize their online tools and customer support for a seamless banking experience. Whether you’re managing personal finances or looking to invest, SoFi Bank provides the resources you need to achieve your financial goals.