Details for SoFi neobank

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SoFi is available in:

Australia, China, Hong Kong, Japan, Singapore, USA

SoFi offers an online cash management account that acts as a hybrid checking/savings account.

They obtain FDIC insurance through their partner banks: MetaBank, Hills Bank and Trust Company, EagleBank, East West Bank, Tristate Bank Capital Bank, and Wells Fargo.

As SoFi's product offerings expanded to include mortgages, mortgage refinancing, and personal loans, the company moved away from an alumni-funded model to a non-traditional underwriting approach focused on lending to financially responsible individuals