SoFi Bank charges $0 monthly fee, $0 ATM fees at 55,000+ Allpoint ATMs, and $0 foreign transaction fees. SoFi does not reimburse out-of-network ATM surcharges. The SoFi Checking and Savings account is one of the most fee-free accounts available in 2026.
Correction note (September 19, 2026): This page previously stated SoFi savings pays “up to 4.60% with direct deposit” and “~1.20%” without. Both were incorrect. SoFi’s official rate sheet shows non-Plus members earn 3.10% APY with an Eligible Direct Deposit or $5,000+ in Qualifying Deposits (0.80% without), and only SoFi Plus subscribers ($10/month) can reach 4.50% APY, and only on balances up to $20,000-$40,000. See the SoFi savings account guide for the full structure and sourcing. SoFi’s outgoing domestic wire fee is $30 (incoming domestic wires are free), per sofi.com.
SoFi Fee Schedule 2026
| Fee Type | Amount | Notes |
|---|---|---|
| Monthly maintenance fee | $0 | No conditions |
| Minimum balance fee | $0 | No minimum |
| ATM fees (Allpoint, 55,000+ ATMs) | $0 | In-network only |
| Out-of-network ATM fee (SoFi) | $0 | Operator may charge separately |
| ATM fee reimbursement (OON) | None | No reimbursement |
| Foreign transaction fee | $0 | Debit card purchases |
| International ATM operator fee | Not reimbursed | Foreign ATM surcharges not covered |
| Domestic wire (outgoing) | $30 | Per sofi.com, Sept. 2026 |
| Incoming wire | $0 | Free to receive |
| Overdraft fee | $0 | SoFi has no overdraft program; transactions decline |
| Account closing | $0 | — |
SoFi’s Free Allpoint ATM Network
SoFi gives members access to 55,000+ Allpoint ATMs at no charge. Allpoint ATMs are located at:
- Walgreens
- CVS
- Target
- Costco
- Dollar General
- Rite Aid
- Many other retailers
Use the Allpoint ATM locator (allpointnetwork.com) or the SoFi app to find the nearest fee-free ATM.
Important: SoFi does not reimburse fees when you use an ATM outside the Allpoint network. Out-of-network ATM operators may charge $2.50–$4.00 per withdrawal, and SoFi will not credit this back.
SoFi vs Other Fee-Free Banks
| Bank | Monthly Fee | ATM Reimbursement | Foreign Tx Fee |
|---|---|---|---|
| SoFi | $0 | None (Allpoint free) | $0 |
| Schwab | $0 | Unlimited worldwide | $0 |
| Fidelity | $0 | Unlimited worldwide | $0 |
| Ally | $0 | $10/mo (OON) | $0 |
| Discover | $0 | None (Allpoint free) | $0 |
| Chime | $0 | None (Allpoint/MoneyPass) | $0 |
SoFi’s fee structure is comparable to Chime and Discover — excellent at in-network ATMs, but no safety net for out-of-network use. For travelers who need global ATM access, Schwab and Fidelity are stronger.
Savings APY: SoFi’s Major Advantage
While SoFi has no unique fee advantage over Schwab or Fidelity, its savings APY with qualifying direct deposit is a standout:
| Product | APY |
|---|---|
| SoFi Savings (non-Plus, w/ Eligible DD or $5K+ Qualifying Deposits) | 3.10% |
| SoFi Savings (non-Plus, without) | 0.80% |
| SoFi Savings (SoFi Plus, $10/mo, balance ≤$20K-$40K) | Up to 4.50% |
| SoFi Checking | 0.50% |
| Schwab Savings | 0.48% (confirm current rate) |
| Ally High Yield Savings | Confirm current rate |
Setting up Eligible Direct Deposit (or $5,000+ in Qualifying Deposits) unlocks SoFi’s 3.10% non-Plus rate; reaching the 4.50% tier requires a separate $10/month SoFi Plus subscription.
Related Guides
- SoFi routing number 2026 — 031101334
- SoFi ATM limit 2026 — $500/day, 55,000+ Allpoint
- SoFi minimum balance 2026 — $0 minimum, no monthly fee
- SoFi transfer limit 2026 — ACH, Zelle, and instant transfer limits
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