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SoFi is a modern personal finance company offering a wide range of financial products, including student loan refinancing, personal loans, home loans, banking, and investing, all through a user-friendly digital platform.
SoFi (Social Finance, Inc.) is a leading digital personal finance company that empowers its members to achieve financial independence and realize their ambitions. Founded in 2011, SoFi began by disrupting the student loan refinancing market and has since expanded into a comprehensive suite of financial products, aiming to be a one-stop shop for its members' financial needs. Its mission is centered around helping people get their money right by offering innovative, user-friendly, and often fee-free solutions.
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What services does SoFi offer?
SoFi offers a wide range of financial products including student loan refinancing, personal loans, home loans, banking (checking and savings accounts), and investing platforms.
How is SoFi different from traditional banks?
SoFi is primarily a digital-first financial institution, offering a streamlined online experience, competitive rates, and often fewer fees than traditional banks, along with a broader suite of financial products and member benefits.
Are my deposits with SoFi insured?
Yes, SoFi Bank is an FDIC-insured institution, meaning your deposits are insured up to the maximum amount allowed by law (currently $250,000 per depositor).
Does SoFi offer financial advice?
Yes, SoFi provides access to complimentary financial advisors for its members, offering personalized guidance on various financial planning topics.
How can I become a SoFi member?
You become a SoFi member by opening an account or taking out a loan with SoFi. Once a member, you gain access to all SoFi products and member-exclusive benefits.