Common use of Initial Funding of Your Account Clause in Contracts

Initial Funding of Your Account. There is no minimum deposit requirement to open a SoFi Bank Account. SoFi Bank reserves the right to close any Account which has not been funded within thirty (30) days after the date of Account opening. There are several ways to deposit funds into your SoFi Bank Account, as set forth in Section V.B below. You may also be able to fund your SoFi Bank Account using Instant Funding, which is a one-time option to use an existing debit card issued by a U.S. bank, to deposit up to $500.00.