SoFi Bank Debit Card definition

SoFi Bank Debit Card or “SoFi Debit Card” shall mean the Mastercard Worldwide debit card issued to you by SoFi Bank for use in connection with your SoFi Checking Account. A SoFi Debit Card or other ATM card will not be issued for use in connection with your SoFi Savings Account.
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Examples of SoFi Bank Debit Card in a sentence

  • If you attempt to make an electronic transaction (e.g., ATM withdrawals, SoFi Bank Debit Card purchases, P2P Transfers, wire transfers, etc.), and have insufficient funds in your Account, the transaction will be declined.

  • If you do not notify us within two (2) Business Days after you learn of the loss or theft of your SoFi Bank Debit Card, and we can prove that we could have stopped someone from using your Account without your permission if you had promptly notified us, you could lose as much as $500.00.

  • If you notify us within two (2) Business Days after you learn of the loss or theft of your SoFi Bank Debit Card, you can lose no more than $50.00 if someone used your Debit Card without your permission.

  • For errors involving new Accounts (i.e., accounts opened less than 30 days old), point‐of‐sale transactions using your SoFi Bank Debit Card, or foreign‐initiated transactions, we may take up to ninety (90) days to investigate your complaint or question.

  • If you use your SoFi Bank Debit Card to make a purchase, ATM withdrawal, etc., the amount of the purchase or withdrawal will be immediately deducted from your available funds when it is approved; such amounts will not be available to cover other purchases, transfers, or withdrawals, including, but not limited to, any checks presented for payment.

  • For SoFi Bank Debit Card transactions, we post credit transactions to your Account in the order in which each debit transaction is presented to us or our SoFi Third-Party Partner, followed by credit transactions in the order in which each credit transaction is presented to us or our SoFi Third-Party Partner.

  • Under Mastercard Rules, you will not be held responsible for transactions made using your SoFi Bank Debit Card that you did not authorize if you have used reasonable care in protecting your SoFi Bank Debit Card from loss or theft and you have promptly reported to us when you knew that your SoFi Bank Debit Card was lost or stolen.

  • You may also choose to link your SoFi Bank Debit Card to a third‐party digital wallet or payment service provider (e.g., Apple Pay, Samsung Pay, etc.), subject to the terms of the SoFi Bank Mobile Wallet Agreement.

  • SoFi Bank reserves the right to amend the terms of this Agreement, the SoFi Bank Debit Card Agreement, the SoFi Bank Terms of Use, at any time, or to make changes to any other terms of your Account, by delivering written Disclosures to you describing any new changes, when required by regulation.

  • SoFi Checking account holders who do not opt-out will receive up to $50 of overdraft coverage on SoFi Bank Debit Card purchases only.

Related to SoFi Bank Debit Card

  • Debit Card means a card issued by the Financial Institution that allows the holder of the card to deposit cash and/or Instruments or withdraw cash from the Account through an ATM, authorize Transactions on the Account through an ATM, and that operates like an Instrument to purchase goods and services from merchants.

  • Credit card means any card, plate, coupon book, or other credit device ex- isting for the purpose of obtaining money, property, labor, or services on credit.

  • Authorized Bank Account means any Officially Designated bank account to which redemption proceeds may be sent.

  • Schedule III bank means an authorized foreign bank named in Schedule III of the Bank Act (Canada);

  • Mobile Banking means the banking services accessible from the Device you have registered with us for Mobile Banking.

  • SIM Card means the subscriber identity module which when used with the appropriate mobile phone handset enables you to access the Network.

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.