Can I wire money with SoFi? How much does SoFi charge for wire transfer?

An online bank and personal finance company in the United States is called SoFi Technologies. SoFi, a financial services company based in San Francisco, offers a range of financial services via mobile apps and desktop interfaces, including refinancing of student and vehicle loans, mortgages, personal loans, credit cards, investing, and banking. Four students who met while attending the Stanford Graduate School of Management, collectively known as SoFi (short for Social Finance Inc.), started the company in the summer of 2011.

The founders of SoFi aimed to give people who were taking on debt to pay for their education more affordable options. In the company’s first lending program, which was tested at Stanford, 40 alumni loaned about $2 million to roughly 100 students, averaging $20,000 per borrower.

Can I wire money with SoFi?

Yes! We only permit outward wires to be sent for home purchases, though, at this time. Any domestic institution may send wires to us (Note: initiating bank fees may apply).

How much does SoFi charge for wire transfer?

A domestic outgoing bank transfer will cost around $25, a domestic incoming payment will cost around $15, and an international outgoing transfer will cost around $45 on average.