To say that SoFi (NASDAQ: SOFI) has shown impressive momentum in the few years since it went public would be an ...

On a day of bearishness in the market, Sofi stock surged following the bank charter announcement. Here is what could happen next. For context, SoFi is a fintech company that has recently applied ...

Financial services is on fire, with revenue up 88% in 2024. SoFi got a bank charter in 2022 when it acquired Golden Pacific Bancorp, and it now offers a large suite of financial services like bank ...

Commissions do not affect our editors' opinions or evaluations. SoFi Bank N.A.—the online banking subsidiary of online financial services company SoFi—offers one bank account: SoFi Checking ...

SoFi Technologies delivered capital-light margin growth, rising EPS, and major third-party funding wins in 2024. Check out ...

Bank Charter and Deposit Base Expansion: Obtaining a national banking charter allows SoFi to use its growing deposit base to fund lending operations more efficiently. This access to lower-cost ...

The company obtained a banking charter when it purchased Golden ... ratio is 2.1. That's more expensive than the typical bank stock, but SoFi isn't the typical bank. It's growing much faster ...

(Read more about our methodology below.) Best joint bank accounts Best for checking/savings combo: SoFi Checking and Savings Best savings account: LendingClub LevelUp Savings Best from a major ...

The nationally chartered bank also offers a bonus of $50 to $300 for eligible new account holders. Additionally, the SoFi Checking & Savings account features no standard bank account fees ...

In the three-year period including 2022, 2023, and 2024, SoFi's membership base nearly tripled, and its bank grew from $0 in deposits (it got its banking charter in early 2022) to nearly $26 billion.