SoFi review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Our verdict
SoFi suits US businesses that want a fee free debit card that pays cashback and carries a crypto feature. It is a debit card from a licensed US bank, and its comparison score is 6 overall across the site listings.
Key facts
- Best for
- US businesses wanting a fee free debit card that pays cashback
- Monthly fee
- $0 (Source, checked September 26, 2026)
- Card type
- Debit (Source, checked September 26, 2026)
- Legal entity
- SoFi Bank, National Association (Source, checked September 26, 2026)
- Headquarters
- United States (Source, checked September 26, 2026)
- Founded
- 2011 (Source, checked September 26, 2026)
- Features
- Crypto
- Audience
- Business
- Official website
- sofi.com
Credit cards
- Rewards type
- Cashback (Source, checked September 26, 2026)
- Card kind
- Credit (Source, checked September 26, 2026)
- Legal entity
- SoFi Bank, National Association (Source, checked September 26, 2026)
- Headquarters
- United States (Source, checked September 26, 2026)
- Founded
- 2011 (Source, checked September 26, 2026)
- Features
- Crypto
- Audience
- Business
Pros and cons
Pros
- Cashback rewards on a debit card, a rewards type shared by 49.5% of the brands listed
- The account runs through SoFi Bank, National Association in the US with FDIC cert 26881 behind it
- Built for the business audience, which covers 66.1% of the brands on the site
- A debit card type, the most common in this comparison at 74.3%
Cons
- Card type is debit (debit) while the card kind is credit (credit), a mixed signal on the setup
- Personal users get little here: the listed audience is business (business)
- Crypto is the one extra feature, carried by just 13% of the brands listed
Who it suits
- Business owners who want a fee free debit card
- US teams that want cashback on everyday spending
- Anyone who prefers a bank behind the card, since the entity is licensed in the US
Who should look elsewhere
- Personal users, as Starling Personal Account Debit Card is aimed at that group
- Frequent travellers who need multi currency, where Wise fits better
- People wanting a crypto led card, since Bitpanda treats crypto as a main feature
Who runs it
SoFi is run by SoFi Bank, National Association, headquartered in the US and founded in 2011. The bank holds FDIC cert 26881, so deposits sit inside the banking system rather than with a standalone card issuer. Both the Office of the Comptroller of the Currency and the FDIC are named against the entity.
How SoFi compares
9.0 vs 9.4
9.0 vs 9.0
9.0 vs 8.9
9.0 vs 9.2
9.0 vs 8.8
9.0 vs 8.5
9.0 vs 8.5
9.0 vs 9.0
9.0 vs 8.8
9.0 vs 8.8
9.0 vs 8.7
9.0 vs 9.2Bitpanda keeps a monthly fee of €0 and treats crypto as a main feature rather than an extra.
9.0 vs 9.0
9.0 vs 8.9
9.0 vs 8.8
9.0 vs 9.6
9.0 vs 9.4
9.0 vs 9.4
9.0 vs 9.2
9.0 vs 9.1
9.0 vs 9.1
9.0 vs 9.1
9.0 vs 9.1
9.0 vs 8.8
9.0 vs 8.8- 9.0 vs 8.8
- 9.0 vs 8.8
9.0 vs 8.8- 9.0 vs 8.8
9.0 vs 8.5
9.0 vs 8.5
9.0 vs 8.5
9.0 vs 8.3
9.0 vs 8.2
9.0 vs 8.0
9.0 vs 8.0
Where SoFi is available
- Available
- United States
- Licence in United States
- Office of the Comptroller of the Currency (OCC), checked September 26, 2026
- Licence in United States
- FDIC (FDIC cert 26881), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does the SoFi debit card cost each month?+
The monthly fee is $0, the same as Wise at £0 and Bitpanda at €0. That puts SoFi at 1 across 419 brands ranked on monthly fee, where the median across the site is €0 and the top of the range is €99.
Does the SoFi card pay cashback?+
Yes. The rewards type is cashback, a category that covers 49.5% of the brands on the site and 43.9% of debit brands. Cashback is common in this field rather than unusual, so it helps but it is not the reason to pick this card.
Is the money in a SoFi account protected?+
The bank behind the card holds FDIC cert 26881, and the account is run by SoFi Bank, National Association. Both the FDIC and the Office of the Comptroller of the Currency are named in its licences, so the money sits inside the US banking system.
Who is the SoFi card built for?+
The audience is business, matching 66.1% of the brands listed. The card type is debit and the card kind is credit, so the account is set up for companies rather than personal banking, and business is the whole of 100% in that group.
What features come with the SoFi card?+
Crypto is the feature listed for SoFi, carried by 13% of the brands on the site. Multi currency is not in the feature list here, and 34.9% of brands do offer it, so frequent travellers are better served elsewhere.
Which company operates SoFi, and where is it based?+
The legal entity is SoFi Bank, National Association, founded in 2011 and based in the US. It is a US depository, so the account comes with a bank behind it rather than a standalone card issuer.
How does SoFi compare with other fee free debit cards?+
All three alternatives also charge nothing monthly: £0 for Wise, €0 for Bitpanda and £0 for Starling. On price there is a tie, so the choice turns on audience, features and the bank behind the card.
Sources
- banks.data.fdic.gov/bankfind-suite/bankfind/details/26881 checked September 26, 2026
Backs: Headquarters, Legal entity, Licences
“CERT=26881; NAME=SoFi Bank, National Association; WEBADDR=www.sofi.com; ACTIVE=1”
- en.wikipedia.org/wiki/SoFi checked September 26, 2026
Backs: Audience, Card kind, Card type, Features, Founded, Monthly fee, Rewards type
“In April 2026, SoFi announced the debut of its Big Business Banking tool”
Compiled from 2 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.