Since student loan refinances are SoFi’s specialty, this could be the perfect robo-advisor for recent college graduates with student loans they want to refinance, and who are looking to begin investing. More SoFi Info: BBB File Opened: 09/12/2012. While I got a lot of customers telling me they have the same issue, Sofi and the CEO never responded. Opening an account at SoFi Automated Investing is easy, fully digital, and fast. However, they need to get our of their own way and provide a support experience that matches their vision. card classic compact. I've been recommending SoFi to all of my friends and will continue to do so. This site is a free online resource that strives to offer helpful content and comparison features to its visitors. Available and Pending funds are clearly marked on the account. I'm an existing SoFi Customer, faithfully paying my Personal Loan payments for 2 1/2 years now. maybe?). Sofi Reviews and Ratings. SoFi will invest that money between ETFs based on the risk level you choose. I have been a SOFI customer for years, but no more I have been a SOFI customer for years and had always received great service when refinancing my law school loans and using their investment platform. I knew that already but was still hoping they got more info. Overview Official FAQ Contact SoFi. No automated investing. The delay in receipt of the check resulted in nearly $65 in accrued interest. Forbes Advisor reviews the Sofi Student Loan None of which should flag as unusual or illegal. Mon-Thu 5:00 AM - 7:00 PM PT; Fri-Sun 5:00 AM - 5:00 PM PT; Home Loans General Support: (844) 763-4466. Rising. It's quick and laid out very well. There is clearly still some fine tuning to do, but the nuts and bolts of active investing work and work well. Now they are holding my funds hostage. Posts. Mid 30s, High Income, Excellent Credit - Exactly the type of consumer SoFi is targeting. I only have one complaint, but it's a huge one for me. They will exclusively invest in Vanguard developing markets, traditional Vanguard stock ETF, but they will invest in Sofi ETFs also which sometimes but not always outperform Vanguard. On the plus side, they cancel accounts and transfer funds out ASAP. Visit SoFi Invest Now. 5. pinned by moderators. Press question mark to learn the rest of the keyboard shortcuts. I am specifically looking for somewhere to keep my cash + a long term investment platform. There are some limitations such as you cannot cut a bill pay check on a weekly basis and they have insufficient alerting, but the product is intriguing enough that I’m willing to see where it goes. I setup my automated investing account prior to the SoFi ETFs being introduced into the automated investing portfolios. The only thing I use my brick & mortar for is depositing checks, which is a feature that SoFi has already mastered with their individual account products. I believe it has to do with the transferring of money to their partner banks that adds the extra time. Press J to jump to the feed. You can change your risk profile which in turn changed the allocation between stocks and bonds in 20% increments.. Keep an eye out. What about retiring early? SoFi sold my previous Vanguard ETF shares and reinvested into the SoFi ETFs. Reviewed By Theresa W. Carey. It was an excruciating hassle to get SoFi to rectify the issue and reimburse me for the accrued interest. The idea here would be that SoFi functions like Motif or M1. No response. I think their CEO has a good vision for the company. A business account (or even if given the ability to add multiple d/b/a's to an individual account would be amazing). Like you, I was a Netbank acquired by ING acquired by CapitalOne360 customer. High yield checking/savings hybrid account. I currently use a combination of Capital One 360 (Checking & Money Market), Fidelity, and M1 Finance. Edit: Shortly after posting this, the CEO's office reached out again via email and was able to withdraw the loan requests, causing their cards to disappear from the Home tab. I finally used the "Email the CEO" link and provided feedback. I know that growth isn't going to continue but I'm pleased so far. With a BBB rating of A most reviewers were happy with the quality of customer service and on how fast and simple the application process was. When I called today the representative had no idea why my account was locked. Hold times? SoFi needs to let users customize the cards on the Home tab. Phone support: I called the phone line to ask some questions about the Roth account, and the person I spoke with said I'd have to schedule for a specialist to call me back. SoFi does not guarantee or endorse the products, information or recommendations provided in any third party website. It's nice enough. Log In Sign Up. Good news my at that point, 4-day Twitter war was at least on their radar. Every time SoFi decides to rebalance, you're going to create a taxable event. See reviews below to learn more or submit your own review. "Holiday Spending", "Vacation", etc.). If they make your financial management easier for you. Right now, a message appears that the market is closed and doesn't give the user any option to do anything else.). I also started the process to move the RJ stock account over. I ended up going with a different company (Laurel Road) for my private student loan refinancing, but those rates aren't unheard of for someone with excellent credit. Transfers from SoFi Money to SoFi Invest were immediate. Years in Business: 7. Business Started: 6/17/2011. I have yet to test out the SoFi invest product. SoFi aims to help customers get control of their finances. I think the future products and features they're working on are exactly what people are looking for. Join. SMH, - Sent email to the Email CEO link on site: No response. This is a little rough IMO. 5.0. Read more We develop content that covers a variety of financial topics. They have some pretty small limits on how much cash you can withdraw each day from an ATM and how large of a purchase you can make with your debit card. - Called next day to see if they have more info and was told no since the team that does the reviews is off. Keep up the great work! SoFi provides student debt refinancing, unsecured personal loans, mortgages, wealth management and more. Member Support. I've tried out the instant ATM reimbursement features too. Asked if this will happen again or are they at least making steps to ensure it won't? Even though I accepted that I wouldn't get any answers and was going to end the call, she circled back to the beginning of the conversation sounding extremely frustrated that I wasn't happy I received the answers I needed (I didn't get any so not sure why this was a thing?). Opening an account was very straight-forward, and funding the account was even easier. The ability to hide and rearrange is all that would be required. If they want customers to switch, a high interest rate and some low fund ETFs aren't going to be enough. After 3 months of jerking our chain, we submitted a refi app with our current mortgage holder. Also check out Earnest, Citizens Bank, and DRB/Laurel Road. No fractional shares. A few things to note. How to open an account. Business Incorporated: 6/17/2011 in CA. Categories My Reviews My Settings Install App Help Log out Log in Sign up Install App For companies Overview Reviews About SoFi Reviews 2,397 • Great . Same. 4.4. - Made Twitter post complaining about check deposit, before I hard reset it. What is Invest, exactly. On this tangent, a "goal" section might be nice too for some people (when you go to set up a custom account, as described above, you could set a goal in dollars. When it comes to student loan refinancing, there’s a lot to learn and we can help with our SoFi refinance review. App: I'm not a smartphone person (I have one, I just don't want to deal with the Apple App Store), so everything I've done has been through the website on my PC. Automated investing works as you would expect. Don't forget to Like and SUBSCRIBE! We may receive compensation when you click on links to those products or services. The unofficial subreddit of SoFi: Get Your Money Right. SoFi Automated Investing Review A solid, low-cost approach to building wealth aimed at newcomers to investing. SoFi has an A+ rating on the BBB page. I operate a single-member LLC for my real estate investments/property management, and I would love to ditch my brick & mortar. SoFi sent the check to pay off my student loan to the wrong address, and didn't fix the problem even after I called SoFi to make sure they were sending it to the right address. Shop around to see what sorts of rates you can get. Hot New Top Rising. Additionally, retrieving the account number and routing numbers for my account has been a breeze. I used to use Sofi automated investing on an aggressive strategy. Read more We develop content that covers a variety of financial topics. Press J to jump to the feed. Looking forward to seeing where the products go. Hot New Top. - End of day (Day 4): get an email thanking me for emailing the CEO and confirmed my account was unlocked. Press J to jump to the feed. There have been some weird UI bugs, such as $GE being shown with pricing and news information from a different stock. An online account that blends the high APY of a savings account with flexibility. Sofi give the user an option here on how to use SoFi Invest, but it 's a very customer! Work inside the app, BOOM... complete these loans given the ability to hide and rearrange is that! Was declined without explanation finally a Monday ( yay security review was done still some fine to! 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