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.
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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.
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How do I deposit a check into SoFi?
Go to the Money homepage and click the “Deposit” icon. Enter the money on the “Deposit your check” screen. The check must be endorsed “For Deposit to SoFi Money.” Your check will be returned if you don’t do this.
When you click “Learn about deposit restrictions,” the following disclaimer indicating your individual “Check Deposit” limits will fill.
The requests for camera access that will appear next. To continue, click ‘Alright’ and ‘I understand.
How much can you deposit on SoFi?
The restrictions for a SoFi Money Cash Deposit are as follows: There is a daily limit of two (2) cash deposits. Each cash deposit transaction is for $500. $1,000 per day overall.
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