Business Insider's personal finance team compared Chase checking accounts to the best checking accounts and found them to be standard offerings.
The bank's checking accounts can offer good perks, such as interest, checking account bonuses, overdraft protection, and large ATM networks, but they come with monthly service fees that keep them from being great options for everyone.
Chase Checking Account Options
Chase Total Checking
$12 monthly service fee
None
$0
$300
Pros
Cons
There are several Chase checking accounts, and Chase Total Checking® is the bank's most popular choice. It offers several ways to waive the monthly fee, and you may qualify for a $300 bank account bonus. But if you want perks like early direct deposit or waived out-of-network ATM fees, one of Chase's other options could be a better fit.
Chase Total Checking- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- Chase Mobile® app - Manage accounts, pay bills, send money to friends with Zelle® and deposit checks from almost anywhere.
- Chase Overdraft Assist℠ – no overdraft fees if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
- Help keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock.
- Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law.
- With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
Chase Total Checking® is a good option if you want a basic checking account, because it's easy to waive the $12 monthly service fee. You just have to electronically deposit $500 per month, start each day with a $1,500 balance, or maintain a daily average balance of $5,000 in all of your accounts. You also may qualify for a $300 bonus.
Chase Secure Banking
$4.95 monthly service fee
None
$0
$100
Pros
Cons
Chase is one of the best national banks out there. It has several types of checking accounts, but Chase Secure Banking℠ is the only one that offers early direct deposit so you can receive paychecks up to two days early. But if early direct deposit doesn't matter to you, you may be more interested in another Chase checking account — one that lets you waive the monthly fee or enroll in overdraft protection.
Chase Secure Banking℠- New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
- Set up direct deposit and you may get your money up to two business days early—exclusively for Chase Secure Banking℠ customers.
- No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
- No need to worry about overdraft fees - Chase Secure Banking℠ allows you to spend only the money you have available.
- Chase Secure Banking℠ customers told us they save an average of more than $60 per month on fees after opening their account.
- Pay bills, cash checks and send or receive money with Zelle® with a Chase Secure Banking℠ account.
- Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase.com.
- JPMorgan Chase Bank, N.A. Member FDIC.
You can waive the monthly fee on your Chase Secure Banking℠ account with qualifying activities, but the $4.95 monthly service fee charge is relatively low, and you won't have to worry about overdraft fees.
You might like this account if you're unable to waive some of the more expensive checking account monthly fees the bank charges. You can also earn a bonus of $100 when you open a Chase Secure Banking account as a new Chase checking customer with qualifying transactions (offer expires 7/16/2025).
Chase Premier Plus Checking
$25 monthly service fee
0.01%
$0
Pros
Cons
- The $25 monthly service fee is waived when you have an average beginning day balance of $15,000 or more in any combination of this account and linked qualifying deposits or investments OR have a linked qualifying Chase first mortgage enrolled in automatic payments from your Chase account OR for current servicemembers and veterans of the U.S. Armed Forces with a qualifying military ID
- No Chase fee on first four non-Chase ATM transactions per statement period
- Earn interest on your checking account balance
- Access to 15,000 Chase ATMs and over 4,700 branches
- Open your account online now
- Available online nationwide except in Alaska, Hawaii, and Puerto Rico. For branch locations, visit locator.chase.com.
You get more perks with Chase Premier Plus Checking℠, including four waived out-of-network bank ATM fees each month.
However, you'll pay a $25 monthly service fee if you don't qualify to waive the fee. There's no cash bonus.
Chase Sapphire Banking
$25 monthly service fee
0.01%
None
Pros
Cons
- The information related to the Chase Sapphire℠ Banking has been collected by Business Insider and has not been reviewed by the issuer
- Access to 15,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com
- Waive $25 monthly service fee by maintaining an average daily balance of $75,000 combined in all of your Chase bank accounts and partner investment accounts
Chase Sapphire℠ Banking is a premium checking option. It comes with many of the same benefits as Chase Premier Plus Checking℠, plus waived foreign transaction and wire transfer fees. You'll need $75,000 in all of your Chase and partner accounts to waive the $25 monthly service fee, though. There's also no cash bonus with this account.
Chase Private Client Checking Account
$35 monthly service fee
0.01% as of 03/21/25
None
up to $3,000
Pros
Cons
Chase Private Client Checking℠ could be a good fit if you want access to a Chase Private Banker, Business Relationship Manager, and discounts on auto and home loans. But if you don't have at least $150,000 in a combination of your accounts, you won't qualify to open an account or to waive the monthly fee.
Chase Private Client Checking℠- You're eligible for up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities.
- Speak with a Private Client Banker to open your Chase Private Client Checking℠ account today. Schedule your meeting at your nearest branch to get started.
- Priority service for everyday banking. Receive personalized attention from a dedicated Chase Private Client Banker and 24/7 access to a U.S. based banking service line.
- Earn $1,000 when you deposit $150,000 or earn $2,000 when you deposit $250,000 or earn $3,000 when you deposit $500,000.
- No fees at Chase and non-Chase ATMs worldwide.
- No Chase fee on incoming or outgoing wire transfers.
- Enjoy higher limits on Chase Private Client debit card purchases and ATM withdrawals, as well as higher Zelle® and Chase QuickDeposit℠ limits.
- Relationship rates which may make you eligible for a 0.25% auto loan rate discount, and invitation-only events.
- Enhance your relationship with access to a J.P. Morgan Private Client Advisor who can help create a personalized investment strategy.
- Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC. Deposit products are FDIC insured up to the maximum amount allowed by law.
- J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.
- INVESTMENT AND INSURANCE PRODUCTS: • NOT A DEPOSIT • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNEMENT AGENCY • NO BANK GUARANTEE • MAY LOSE VALUE
Chase Private Client Checking℠ includes many of the same perks as Chase Sapphire℠ Banking, plus access to a private banker for customized service and exclusive events. You'll also have a Business Relationship Manager, which is useful if you're a business owner. You may qualify for a bonus of up to $3,000.
To waive the $35 monthly service fee, you'll need $150,000 in all of your Chase and partner accounts.
Chase First Banking
no monthly service fee
None
$0
Pros
Cons
- -
If you're hoping to open a bank account for a minor, this bank has options for you. It has three specialty bank accounts for children and young adults, each focused on a specific age range. The Chase First Banking℠ Account targets the youngest age range. This checking account for kids is intended for children ages six to 12, although any child between six and 17 years old can have one.
To open the account, you'll need to be an adult who already has a personal checking account with the bank. As the parent, you'll have primary control of the account. You're the only one who can fund the account through your linked checking account, and you can set limits on how much your child can spend, along with other parental control features.
The account charges no monthly service fee.
While the account comes with a debit card for kids, you can't use peer-to-peer transaction services such as Zelle or Venmo with this account. If you expect your child will need to use these services, they might prefer its other student checking accounts.
Chase High School Checking
no monthly service fee
None
$0
$100
Pros
Cons
Chase High School checking is an industry leader when compared to other teen checking accounts. Business Insider's personal finance team found that the account has minimal fees and robust tools for both teens and parents.
Chase High School Checking- Your teen gets $100 when you open a new Chase High School Checking℠ account together with qualifying activities within 60 days of coupon enrollment
- As a co-owner of the account, you must be present at account opening.
- $0 Monthly Service Fee
- Help your teen build good money habits with their own debit card. Plus, they can add their debit card to their digital wallet.
- Pay and get paid back from friends and family who have a participating bank account in the U.S. No fees and no waiting days for money to hit their account.
- You and your teen can stay on top of their account activity by choosing which Account Alerts you both want to sign up for — such as low balance, posted payments, and more.
- Chase makes it easy for your teen to access their money from anywhere with the Chase Mobile® app, plus thousands of ATMs and branches.
- JPMorgan Chase Bank, N.A. Member FDIC
The Chase High School Checking℠ account is a teen checking account intended for students ages 13 to 17. Students can only have this account until they turn 19; after that, it will be automatically converted into a Chase Total Checking® account. There's no monthly service fee for this account.
This account is a joint bank account co-owned by both the parent and the child. This account also requires the parent to have a personal checking account with the bank, and this account has to be opened in a physical branch.
Unlike the last account, this account can use features like Zelle, mobile check deposit, and direct deposit. That being said, this account doesn't come with parental controls like the Chase First Banking℠ Account does.
Chase College Checking
$12 monthly service fee
None
$0
$100
Pros
Cons
Chase is one of the best national banks out there, and it offers multiple checking accounts. Your best fit could come down to what perks you want and whether you can waive the monthly fee. Chase is a good option if you're looking for a cash bonus — several of its checking accounts are featured in our best bank account bonuses guide.
Chase College Checking℠- Enjoy $100 as a new Chase checking customer when you open a Chase College Checking℠ account and complete 10 qualifying transactions within 60 days of coupon enrollment.
- $0 Monthly Service Fee while in school up to the graduation date provided at account opening (five years maximum) for students 17-24 years old.
- Wire funds internationally using the Chase Mobile® app or chase.com. Send money to recipients around the world with multiple currency options. Fees apply.
- Keep track of your money with confidence and control in the Chase Mobile® app. The Chase Mobile app helps you bank securely and conveniently from anywhere.
- With Zelle®, you can send and receive money with people and businesses you know and trust who have an eligible account at a participating U.S. bank.
- With Fraud Monitoring, Chase may notify you of unusual debit card purchases and with Zero Liability Protection you won't be held responsible for unauthorized debit card purchases when reported promptly.
- JPMorgan Chase Bank, N.A. Member FDIC
The Chase College Checking℠ account is a bank account for college students of ages 17 to 24. In order to qualify for this account, you'll need to provide the name of the school you go to and when you're expected to graduate. You can apply for this account online unless you're 17 years old, in which case you'll need to apply in person.
Unlike the other student checking options with this bank, this account comes with a $12 monthly service fee that you can waive as long as you're enrolled in school, for up to a maximum of five years. After that, you can waive the fee by keeping a minimum balance of $1,500 in the account or by direct depositing at least $500 into the account each month.
This account offers overdraft protection through Overdraft Assist. You can also get a checking account bonus by opening this account. Earn $100 as a new Chase checking customer when you open a Chase College Checking℠ account and complete 10 qualifying transactions within 60 days of coupon enrollment (offer expires 7/16/2025).
Overview of Chase Personal Checking Accounts
Below is a breakdown of the features and fees each Chase personal checking account comes with to help you choose the best checking account for you. We didn't include any checking accounts for children in this breakdown, since those are specialized accounts that not everyone is eligible for.
| Chase Total Checking | Chase Secure Banking℠ | Chase Premier Plus Checking℠ | Chase Sapphire℠ Banking | Chase Private Client Checking℠ | |
| Minimum opening deposit | $0 | $0 | $0 | None | None |
| Interest earned | None | None | 0.01% | 0.01% | 0.01% as of 03/21/25 |
| Monthly service fee | $12 monthly service fee; possible to waive | $4.95 monthly service fee; possible to waive | $25 monthly service fee; possible to waive | $25 monthly service fee; possible to waive | $35 monthly service fee; possible to waive |
| Out-of-network ATM fee | $3 to $5 | $3 to $5 | No Chase fee 4 times per statement period | No Chase fee | No Chase fee |
| Overdraft fees | $34; overdraft protection plans available | None; declines overdrafts | $34; overdraft protection available | No fees on the first 4 overdrafts during the current and previous 12 statement periods | No fees on the first 4 overdrafts during the current and previous 12 statement periods |
| Cash bonus for new customers | $300 | $100 | up to $3,000 |
Chase Checking Key Features and Benefits
Chase Checking National Branch and ATM Presence
One of the advantages of banking with this bank is that you have access to a robust branch and ATM presence. The bank has over 4,700 locations and over 15,000 ATMs. It also has locations in all lower 48 states.
Chase Checking Minimum Opening Deposits
You don't need any money to open a checking account with this bank. However, you must keep a minimum balance to waive the monthly fee on most accounts.
Chase Checking Fees and Charges
The bank only offers accounts with no monthly service fee for children or students. If you're an adult, you'll probably need to meet certain monthly requirements if you do not want to pay bank maintenance fees.
Chase Secure Banking℠ and Chase Total Checking® are the bank's everyday banking options. These accounts have the lowest monthly service fees and offer the most lenient requirements for waiving these fees.
You still might consider one of its higher-tier checking accounts if you regularly maintain a high account balance or meet one of the other requirements for waiving monthly service fees.
It charges a $34 overdraft fee, up to three times daily, for transactions that overdraw your checking balance by more than $50. There are ways to avoid this fee, though.
Chase Secure Banking℠ does not charge overdraft fees; it declines transactions that would cause a negative checking balance. Chase Sapphire℠ Banking and Chase Private Client Checking℠ waive the first 4 overdrafts during the current and previous 12 statement periods.
Another option is to sign up for overdraft protection and link a Chase savings account. When you make a transaction that would result in a negative balance, money from your savings account will be transferred to restore your checking balance. There are no fees for overdraft protection transfers.
With Chase Overdraft Assist, you can also avoid overdraft fees by restoring your checking balance by the end of the next business day (11 p.m. ET/8 p.m. PT). Your overdrawn amount must be $50 or less to restore your account.
This is one of the best banks for avoiding ATM fees. It has a $3 to $5 out-of-network ATM fee. However, several checking accounts waive or do not charge ATM fees.
Chase Premier Plus Checking℠ won't charge ATM fees at out-of-network ATMs for up to four times per statement period. Chase Sapphire℠ Banking and Chase Private Client Checking℠ won't charge fees at out-of-network ATMs.
Chase Checking Account Pros and Cons
Chase Checking Pros
- No minimum opening deposits
- Overdraft protection available for several accounts
- Interest-earning checking account options
- Large brick-and-mortar branch footprint
- Multiple checking account bonuses
- Children's checking accounts available
- Large ATM network
Chase Checking Cons
- Monthly service fees on most accounts
- High overdraft fees on some accounts
- Out-of-network ATM fees on some accounts
Chase Customer Service
Customer support is available at branches or by phone. The bank also has an FAQ section with videos to help address questions about personal banking, business banking, credit cards, online banking, mobile banking, home lending, and investments.
Customer service hours may vary depending on the location. Generally, branches are open weekdays from 9 a.m. to 5 p.m. in your respective time zone and Saturday mornings. The bank offers 24/7 customer service for most of its banking products over the phone.
Chase Checking Account Alternatives
Chase Checking vs. Wells Fargo Checking
Neither bank offers checking accounts without monthly bank maintenance fees. The monthly services on checking accounts at both banks are similar, and you'll need to meet certain requirements each month for the fee to be waived.
It's slightly easier to waive monthly service fees on the Wells Fargo Everyday Checking Account, but your choice may ultimately come down to which account features stand out the most to you.
Chase Checking vs. Bank of America Checking
Chase is a better option for a checking account with a low minimum opening deposit. Its checking accounts don't have a minimum opening deposit, while Bank of America checking accounts range from $25 to $100.
Chase offers a greater variety of bonuses right now, and Chase Total Checking® stands out among new bank account bonuses because of its relatively straightforward requirements. You can earn a $300 bonus when you open an account and make direct deposits totaling $500 or more within 90 days of coupon enrollment (offer expires on 7/16/2025).
It could be a toss-up between the two banks if you want to avoid monthly service fees on a checking account. Both banks have similar monthly service fees for checking accounts. Your choice may ultimately depend on which type of checking account you want and whether you qualify to avoid the monthly service fee.
If you're not set on banking with a traditional brick-and-mortar bank, online banks could be more suitable for finding low-fee checking accounts. The best bank for checking accounts have options with no monthly service fees and no overdraft fees.
Chase Checking Account Bonuses
Bank account bonuses are one of the most notable benefits for this bank. It has checking account bonuses for Chase Total Checking®, Chase Secure Banking℠, Chase College Checking℠, and Chase Private Client Checking℠. The Chase bank promotions are generally for new checking account customers.
Chase Private Client Checking℠ has the highest bank account bonus at the bank. You can get up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities (offer expires 7/16/2025). Chase Total Checking® or Chase Secure Banking℠could be worth exploring if you're searching for a checking account bonus with more lenient requirements, and Chase College Checking℠ could be a good option for a bonus if you're currently enrolled in a qualifying institution.
Opening a Chase Checking Account
You can apply for a checking account online or at a branch. If you're applying online, you must provide a Social Security number and driver's license or state ID.
Two forms of ID are usually required to open a checking account with the bank. A driver's license or passport is considered an acceptable form of ID for an adult. Minors opening a teen checking account with their parent may use a birth certificate and student ID with a photo.
You'll also share general information about yourself, like full name, address, and date of birth. The bank's checking accounts do not require a minimum opening deposit.
Why You Should Trust Us: How We Reviewed Chase Checking Accounts
We rated these checking accounts using Business Insider's bank account methodology. We rate each checking account from one to five stars based on the following categories: ethics, security, customer service, mobile app, minimum opening deposit, monthly service fees, overdraft fees, miscellaneous features, and ATM network/fees. We use a weighted average to get our star rating, which can vary from one to five stars.
Chase Checking FAQs
How to close a Chase checking account?
You can close a Chase checking account with a zero balance by either going into a branch or calling customer service.
How to avoid a Chase checking fee?
To avoid Chase checking account fees, you generally need to meet one of the following monthly requirements: receive an electronic deposit of a certain amount, maintain a specific average daily checking balance, maintain a certain combined balance across all your accounts, or have a linked eligible account (for premium checking accounts).
Can I add someone to my Chase checking account online?
No, you cannot add someone to your Chase checking account online. To make your account into a joint bank account, you'll both need to go into a physical branch.
***The Annual Percentage Yield (APY) is accurate as of 04/01/2025. The base and promotional interest rate and corresponding APY for Axos ONE Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE Savings is variable and is set at our discretion. Axos ONE Savings is a tiered variable rate account. Axos ONE Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings. Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below. The Axos ONE Checking account will earn a base rate of 0.00% APY. The Axos ONE Savings account will earn a base rate of 1.00% APY. Axos ONE accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE Checking and Axos ONE Savings, the Axos ONE Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period: Option 1 1. Your Axos ONE Checking account has received qualifying direct deposits of at least $1,500 in total. 2. The average daily balance of your Axos ONE Checking account is at least $1,500. Option 2 1. Your Axos ONE Checking account has received qualifying deposits of at least $5,000 in total. 2. The average daily balance of your Axos ONE Checking account is at least $5,000. If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period: The Axos ONE Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met. The Axos ONE Savings account will earn a promotional rate of up to 4.66% APY for the statement cycle in which the requirements are met. The Qualification Period is from the 1st of the month through the 25th of the month. The Qualification Period for new accounts will begin on the day the account is approved. Any qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. Other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.) or person-to-person payments are not considered a direct deposit. Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder's Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds. Both accounts must be in an open and active status on the date the interest is paid to receive the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.
Non-Chase ATM Fee: $3.00 for inquiries, transfers or withdrawals while using a non-Chase ATM in the US, Puerto Rico and US Virgin Islands. Fees from the ATM owner/network still apply. $5 per withdrawal and $3.00 for any transfers or inquiries at ATMs outside the U.S., Puerto Rico and the U.S. Virgin Islands. Fees from the ATM owner/network still apply.
1. Up to $400 Bonus Tiered Disclosure New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 5/15/2026 and will be available through 12/31/26. See full bonus and annual percentage yield (APY) terms at sofi.com/banking/checking-offer/
2. APY disclosures Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 5/28/26.. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet
3. Fee Policy We do not charge any account, service, or maintenance fees for SoFi Checking and Savings. We do charge transaction fees for outgoing wire transfers, Instant Transfers, and global remittance transfers. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/.
4. Additional FDIC Insurance (must be bolded) SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC's regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.
5. ATM Access We've partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees may be incurred when using out-of-network ATMs. SoFi's ATM policies are subject to change at our discretion at any time. 6. Early Access to Direct Deposit Funds Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
7. Overdraft Coverage Overdraft Coverage is a feature automatically offered to SoFi Checking and Savings account holders who receive at least $1,000 or more in Eligible Direct Deposits within a rolling 31 calendar day period on a recurring basis. Eligible Direct Deposit is defined on the SoFi Bank Rate Sheet, available at https://www.sofi.com/legal/banking-rate-sheet. Members enrolled in Overdraft Coverage may be covered for up to $50 in negative balances on SoFi Bank debit card purchases only. Overdraft Coverage does not apply to P2P transfers, bill payments, checks, or other non- debit card transactions. Members with a prior history of unpaid negative balances are not eligible for Overdraft Coverage. Eligibility for Overdraft Coverage is determined by SoFi Bank in its sole discretion. Members can check their enrollment status, if eligible, at any time by logging into their account through the SoFi app or on the SoFi website.
8. 0.90% Savings APY Boost Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.90% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#4. SoFi Bank, N.A. Member FDIC.
