I saw VOO on there, but not specifically VTSAX. Again, since no notification of an account restriction in app or online, it's a very confusing customer experience. I expect to see massive improvement once they're able to capture how users work inside the app and web site with Money/Invest. Nope, won't tell me. SoFi needs to let users customize the cards on the Home tab. Nope, they confirmed it may happen again. The second type of account is an automated robo investing type of account. SoFi Active Investing is a comission fee-free brokerage company that allows users to buy and sell stocks and ETFs in a brokerage account. Lastly, soon after my own Sofi Money story ended, another customer started retweeting all my Twitter posts and after talking to him he was having the same exact issue, and looking at the Tweets and Replies on @sofi and @sofisupport, I see plenty of other people who have same issue and worst, some are past the 10 business days stated. SoFi is currently offering a $75 SoFi Invest referral bonus ($75 for each). Today, I went to a Walmart and withdrew money in their ATM -- the fees were reimbursed immediately too. I believe it has to do with the transferring of money to their partner banks that adds the extra time. You can start a SoFi account with as little as a $1 investment. Transfer to SoFi Invest? Make sure to follow these rules or your link will be removed: DO … Here's the full timeline: - Opened account, initial transfer: $500 (just to test before I move all my checking), - (about a month later) Mobile check deposit: App kept timing out, but eventually hard reset my phone which fixed. The Offer. Press question mark to learn the rest of the keyboard shortcuts. Anyone can be a smarter investor with news updates and more—all in the SoFi app. Press question mark to learn the rest of the keyboard shortcuts. Thanks for the feedback. SoFi Money: SoFi Money® is a cash management account, which is a brokerage product, offered by SoFi Securities LLC. I'm not sure how I feel about this to be honest. - Called again next day since it was finally a Monday (yay security review finally back at work? You can go to the events for free and you can bring a friend (so long as you show up! - Call in and person on phone says he doesn't know why my account was locked but that a lot of people were calling in with same issue... lovely. "Holiday Spending", "Vacation", etc.). I refinanced my students loans with SoFi … Reddit investors have no major concerns about SoFi’s automated investing, with numerous reports of satisfactory returns. The base cost is $0 for anyone with an existing SoFi loan or anyone with less than $10,000 in assets invested at SoFi. San Francisco-based SoFi, a financial services firm that helps people “get their money right—save, spend, borrow, and invest in one app,” has noted that 2020 was a year to … Thank you so much for posting such a in-depth post and sharing your experience. Customer support is everything when dealing with people's money and SoFi has some work to do. Asked them to cancel my account. Also this was Friday afternoon, and he said team that does those security reviews is gone for the day, management won't know why, and also the team that does reviews does not work weekends. Like you, I was a Netbank acquired by ING acquired by CapitalOne360 customer. No wait times when adding buying power or contributing to my Automated Investing account. Well known for its lending business, SoFi has branched out more recently into investing products. Active investing is pretty slick. If you’re looking for more advanced account offerings or … - Try to livechat on Sofi.com but livechat does not support Money accounts, only Invest and Loans. I was more concerned about actually using the product. SoFi Invest does not receive sales commissions, 12b-1 fees, or other fees from ETFs for investing such funds on behalf of advisory clients, though if SoFi Invest creates its own funds, it could earn management fees there. Every time SoFi decides to rebalance, you're going to create a taxable event. The ability to hide and rearrange is all that would be required. I asked for a reason why it was locked in first place. No response. I used to use Sofi automated investing on an aggressive strategy. SoFi Invest: I have two Invest accounts, both an automated and active account. Active Investing with SoFi makes it easy to get started investing in stocks and ETFs. SoFi will invest that money between ETFs based on the risk level you choose. A few things to note. - (about a week later) Get an email saying account is locked for review for 7-10 business days.

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