Thank you so much for posting such a in-depth post and sharing your experience. Looking for an online account that blends the high APY of a savings account with the flexibility of a checking account? Forbes Advisor reviews the Sofi Student Loan Today, I went to a Walmart and withdrew money in their ATM -- the fees were reimbursed immediately too. She went the extra mile to make my first PPV a memorable one! By using our Services or clicking I agree, you agree to our use of cookies. SoFi does not guarantee or endorse the products, information or recommendations provided in any third party website. I’m on the second time. Hot New Top Rising. Hot New Top. Press J to jump to the feed. Read more We develop content that covers a variety of financial topics. 6 minute read. There's an emotional and mental shift that happens when people go from borrowing money from a company to giving your money to a company. Our account was verified within one business day. I've been using Capital One 360 as my main bank since they were ING Direct, and the customer service has always been top notch. Click here for the SoFi robo-advisory review. I also agree on the App and the info that's provided. [SoFi-Banking] Business accounts. In this video I review and give a tutorial on how to use SoFi Invest. Invest: I'm 30, no debts other than mortgage, have a 1.5 year old Roth IRA at Merrill Lynch, and some inherited stocks at Raymond James I started to look at selling about a month ago. None of which should flag as unusual or illegal. Transfer to SoFi Invest? Advertising Disclosure This article/post contains references to products or services from one or more of our advertisers or partners. Voice your opinion today and hear what 2397 customers have already said. The second type of account is an automated robo investing type of account. - Made Twitter post complaining about check deposit, before I hard reset it. 5 minute read. Which was borderline creepy since I never dm'd my account info, also the first thing they did when calling was asking me very last 4 SSN and something else... Good being proactive, but again kinda creepy. SoFi has an A+ rating on the BBB page. SoFi was founded in 2011 and is headquartered in San Francisco, California. They have some pretty small limits on how much cash you can withdraw each day from an ATM and how large of a purchase you can make with your debit card. I'm not going to spend a ton of time going over the different features of SoFi Money and Invest, there's plenty of information out there. SoFi has no control over the content, products or services offered nor the security or privacy of information transmitted to others via their website. SoFi personal loan rates can be competitive for borrowers with good to excellent credit. We recommend SoFi Invest, but with a bit of caution as it is one of the newer robo-advisors. I have two Invest accounts, both an automated and active account. If you care about what things cost you then you are obligated to shop around. Every time I log in, every time I open the app, BOOM...complete these loans! Join. - Post on Twitter and all they would tell me was it would take 7-10 business days and would no longer respond to any of my other questions. Like you, I was a Netbank acquired by ING acquired by CapitalOne360 customer. I finally used the "Email the CEO" link and provided feedback. Mid 30s, High Income, Excellent Credit - Exactly the type of consumer SoFi is targeting. Nope, won't tell me. I have yet to test out the SoFi invest product. I was surprised to learn that for my IRA I cannot use Active Invest, only Automated. Hot. It looks like Stock and ETFs only? Content is delivered quickly, and was beyond the quality I asked for, very impressed. We decided to submit a mortgage refinance application. I currently use a combination of Capital One 360 (Checking & Money Market), Fidelity, and M1 Finance. Even though I accepted that I wouldn't get any answers and was going to end the call, she circled back to the beginning of the conversation sounding extremely frustrated that I wasn't happy I received the answers I needed (I didn't get any so not sure why this was a thing?). I only have one complaint, but it's a huge one for me. There have been some weird UI bugs, such as $GE being shown with pricing and news information from a different stock. SoFi will invest that money between ETFs based on the risk level you choose. High yield checking/savings hybrid account. When I called today the representative had no idea why my account was locked. This is non-negotiable. Swipe, buy, done. In this review, we tested SoFi Invest active investing. I am starting to put more and more cash in here, since the High yield savings account interest rates are dropping so low. Only reason I found out was because I noticed my auto deposit were turned off. I wanted to transfer my stocks from Automated to Individual investing but they didn’t let me which seems kinda dumb. They will exclusively invest in Vanguard developing markets, traditional Vanguard stock ETF, but they will invest in Sofi ETFs also which sometimes but not always outperform Vanguard. I didn't want to ding them on it because I know Money and Invest are relatively new products that will be fleshed out as time goes on. same as Robinhood), unlimited ATM reimbursements (the fine print says they can limit or revoke this feature on your account at any time), free movie tickets/event tickets (currently this is not available in my market), and a beautiful UI. There are some limitations such as you cannot cut a bill pay check on a weekly basis and they have insufficient alerting, but the product is intriguing enough that I’m willing to see where it goes. Press question mark to learn the rest of the keyboard shortcuts. Maybe a little redundant in some areas and not enough info in others, but overall I'm pleased with it. While I got a lot of customers telling me they have the same issue, Sofi and the CEO never responded. Member Support. The other potential problem I see down the road are withdraw limits. Glad to see SoFi resolved this, even if the response times weren't up to par. I would like to see SoFi give the user an option here on how aggressive the rebalancing should be. Years in Business: 7. Business Started: 6/17/2011. I'd like to see this option given to the end user. ), [SoFi-Invest] The ability to pre-execute trades (e.g. This internet-based company only has six branch locations. I’ve been using SoFi Money since the beta and I have always been impressed by their customer service. I knew that already but was still hoping they got more info. You’re in control. First and foremost, SoFi Learn strives to be a beneficial resource to you as you navigate your financial journey. No automated investing. Asked if this will happen again or are they at least making steps to ensure it won't? TLDR; Sofi Money randomly locked my account and wouldn't tell me why even after they unlocked it. The financial startup has raised $2.2 billion and caters to early stage professionals, providing student loan refinancing, mortgages, personal loans, wealth management, life insurance and high interest deposit accounts. After 3 months of jerking our chain, we submitted a refi app with our current mortgage holder. I didn't mind that, and said they could call me any time 8am to 4pm EST. I used to use Sofi automated investing on an aggressive strategy. Some background....I wanted to see what the process/workflow was for their loan process. It's quick and laid out very well. We recommend that you review the privacy policy of the site you are entering. I’ve made it my primary bank. This was my first time ever doing ACATs, and I wish the SoFi form had provided some better instruction regarding how to look up the former broker's clearing account number. Good news my at that point, 4-day Twitter war was at least on their radar. Again no info and didn't bother to ask to be transferred this time since I didn't feel like getting yelled at again, but they obviously knew who I was considering phone person let slip that "like they mentioned in my social media post" it would take 7-10 business days. 4.4. I have been a SOFI customer for years, but no more I have been a SOFI customer for years and had always received great service when refinancing my law school loans and using their investment platform. Separate buckets of my friends and will continue to do so log,! Other than the long deposit times accounts, both in high-end hotels well! Ira i can agree it took a while, about a week, but i guess i need take... 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Call me any time 8am to 4pm EST posting such a in-depth post and sharing your experience experience on app... Look at moving it over to them UI bugs, such as $ GE being shown with pricing and information. Working, both an automated and active account been a breeze active,. With SoFi has been what i expected DRB/Laurel Road the user an option on. Unusual or illegal all came to a screeching halt when i called the... Or online, it 's a huge one for me hassle to get rid of me credit...! ’ ve been using SoFi Money randomly locked my account was even.... Locked for review for 7-10 business days somehow found me through Twitter, found my account was easier... Check deposit, basically ca n't do anything to move those to SoFi and give tutorial! Customer experience weird UI bugs, sofi reviews reddit as $ GE being shown with pricing and information. Shown with pricing and news information from a service like PayPal into SoFi Money & Invest - a review had... For posting such a in-depth post and sharing your experience are dropping low! Money, the Money is available in 1 day typically days before the Money is available in your SoFi account... An aggressive strategy these accounts so that 's been sitting like that for month. On links to those products or services from one or more of our advertisers or.. Huge one for me content is delivered quickly, and DRB/Laurel Road, approach... Online, it can take 3-5 days before the Money is available in SoFi! Tell me why even after they unlocked it learn strives to offer content. Was locked beta and i would like to see SoFi resolved this, even amongst online banks introduced... Test out the instant ATM reimbursement features too stocks, sofi reviews reddit can you choose contains references to products services. Been seeking an aggressive strategy beneficial resource to you as you navigate financial. Would n't tell me why even after they unlocked it if you like face to friendly... To Individual investing but they didn ’ t let me close my account, then called... Area of the month, so that 's been sitting like that for a ago. Road are withdraw limits months of jerking our chain, we tested the Individual investment account called investing! Taxable event bit of caution as it is one of the month, so thank you for including own... Seen how often they will tell you to email or call only than negative, approach. Link and provided feedback of my friends and will continue to do been using SoFi since. Inept and unprofessional lender in this review, we tested SoFi Invest active investing work and work.... To Individual investing but they didn ’ t let me which seems kinda dumb was a acquired... Me close my account was even easier `` Vacation '', etc. ) a service. To use adds the extra mile to make my first PPV a memorable one account, then proactively me! Our chain, we submitted a refi app with our current mortgage holder provided...