SoFi Insured Deposit Program Terms and Conditions Effective as of May 12, 2025Sofi Insured Deposit Program Terms and Conditions • June 1st, 2025
This Program is designed to enable you to increase the FDIC insurance on your cash balances by distributing your balances to insured Deposit Accounts at multiple Participating Banks. SoFi Bank acts as your agent with respect to the Program. Stable is the administrator of the Program and acts as SoFi Bank’s agent with respect to the Program. If you choose to participate, SoFi Bank will place an amount of your cash balances into the Program. Your Program Deposits are deposited into Deposit Accounts at multiple Participating Banks in a manner designed to remain within the FDIC insurance limit at each Participating Bank, which in the aggregate increases the amount of FDIC protection available to you. FDIC insurance coverage is available up to its standard maximum deposit insurance amount (“SMDIA”), which is currently $250,000 per depositor for each legal category of account ownership at each Participating Bank.
SoFi Insured Deposit Program Terms and Conditions Effective as of March 7, 2025Sofi Insured Deposit Program Terms and Conditions • March 10th, 2025
This Program is designed to enable you to increase the FDIC insurance on your cash balances by distributing your balances to insured Deposit Accounts at multiple Participating Banks. SoFi Bank acts as your agent with respect to the Program. Stable is the administrator of the Program and acts as SoFi Bank’s agent with respect to the Program. If you choose to participate, SoFi Bank will place an amount of your cash balances into the Program. Your Program Deposits are deposited into Deposit Accounts at multiple Participating Banks in a manner designed to remain within the FDIC insurance limit at each Participating Bank, which in the aggregate increases the amount of FDIC protection available to you. FDIC insurance coverage is available up to its standard maximum deposit insurance amount (“SMDIA”), which is currently $250,000 per depositor for each legal category of account ownership at each Participating Bank.