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SoFi Bank Review 2025: Digital Banking, High Yields

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
SoFi is a strong choice for those looking to earn a high APY on their checking and savings accounts.
The article from Fortune provides a comprehensive review of SoFi, a digital bank that offers a range of financial services including checking and savings accounts, investment options, and loans. SoFi stands out for its high-yield savings account with a competitive annual percentage yield (APY), no account fees, and no minimum balance requirements, making it attractive for those looking to maximize their savings. The bank also offers a checking account with early direct deposit and no overdraft fees, alongside a user-friendly mobile app that allows for easy management of finances. Additionally, SoFi provides access to a network of over 55,000 ATMs nationwide with no fees. The review highlights SoFi's focus on customer service, offering 24/7 support and career coaching, which adds value for customers seeking a more holistic financial and career guidance. However, the article notes that SoFi's investment options might not be as robust as those offered by traditional brokerages, and some users may find the lack of physical branches a drawback. Overall, SoFi is recommended for tech-savvy individuals and those looking for a one-stop-shop for their banking and financial needs.

Read the Full Fortune Article at:
[ https://fortune.com/article/sofi-bank-review/ ]