SoFi Money Account definition

SoFi Money Account or “SoFi Money” shall mean a cash management account offered by SoFi Securities, LLC.
SoFi Money Account means the brokerage account you are opening with SoFi Securities in your name.

Examples of SoFi Money Account in a sentence

  • Converting a SoFi Money Account into SoFi Checking and Savings Accounts.

  • In the event there are insufficient funds in your Vaults to fully cover a shortfall, your SoFi Money Account will be subject to negative account balance terms.

  • Each month, SoFi Securities will electronically post to your Account an Account Statement, which will reflect all activity in your SoFi Money Account for the related statement period.

  • From time to time the interest rate(s) applicable to your SoFi Money Account may differ based on your Account activity.

  • You can only deposit checks into your SoFi Money Account that are denominated in U.S. Dollars and are drawn on U.S. depository institutions (including a U.S. branch of a foreign bank).

  • In order for a charity or a business to accept payment via credit card, it must have a “merchant account” with a credit card issuer.

  • You can deposit cash directly to your SoFi Money Account through a retail merchant that participates in the Green Dot Reload @ the Register program.

  • Subject to eligibility verification and settlement of the qualifying transaction, scheduled payouts will be posted to your SoFi Money Account within 7 days after the transaction has settled but may be subject to delays.

  • You can use the direct deposit feature to have a paycheck or any other income you regularly receive deposited directly into your SoFi Money Account.

  • Your continued use of your SoFi Money Account after we post changes to the interest rate(s), shall constitute your consent to any such changes.

Related to SoFi Money Account

  • Direct Account : means any Account which is not an ISA Account.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.