Samsung Money by SoFi is the new way to grow your hard-earned cash. Enjoy the convenience of a debit card, rewards of a credit card, and competitively high interest on your savings — all with no account fees. Do more with your money.
Already have a Samsung Money by SoFi account?
How to get an Samsung Money by SoFi account
1. Open the Samsung Pay app on your device. If you don’t have Samsung Pay, install it here in the Google Play Store.
2. Register your new account in the "Money" tab & immediately start using your Samsung Money by SoFi card in your digital wallet.
3. Add funds to start enjoying your account benefits, such as exclusive savings of up to 30% off sitewide on Samsung.com.
Sign up for Samsung Money by SoFi. Only available from Samsung Pay App.
SoFi has 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 incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.
The cash balance in Samsung Money by SoFi cash management accounts is swept to one or more program banks where it earns a variable rate of interest and is eligible for FDIC insurance. FDIC Insurance does not immediately apply. Coverage begins when funds arrive at a program bank. There are currently six banks available to accept these deposits, making customers eligible for up to $1,500,000 of FDIC insurance (six banks, $250,000 per bank). If the number of available banks changes, or you elect not to use, and/or have existing assets at, one or more of the available banks, the actual amount could be lower. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each of the Program Banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits in Samsung Money by SoFi or at Program Banks are not covered by SIPC.
Benefits are subject to terms, conditions and limitations, including limitations on the amount of coverage. Coverage is provided by New Hampshire Insurance Company, an AIG company. Policy provides secondary coverage only.
The Samsung Money by SoFi World Debit Mastercard is issued by The Bancorp Bank pursuant to license by Mastercard International Incorporated. Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated.
Samsung Money by SoFi® is a cash management account, a brokerage product, offered by SoFi Securities LLC. SoFi Securities, Samsung, and affiliates are not banking entities or bank holding companies.