SoFi updated its SoFi Plus subscription terms on May 19, 2026, making several clarifications and operational adjustments. The company changed references from 'every 30 days' to 'every month' for billing cycles across ACH transfers and credit/debit card payments, updated terminology from 'Customers' to 'Members', and added new language stating that SoFi may modify the subscription fee or billing interval upon advance notice. The terms now specify that the recurring debit authorization remains in effect until you update your payment method or cancel, rather than only upon cancellation.
Consumers: Your SoFi Plus subscription fee or how often you are billed can change if SoFi notifies you in advance.
Consumers: If you change how you pay for SoFi Plus, your standing authorization to charge the old payment method automatically ends.
Consumers: The terms now say 'monthly' instead of 'every 30 days' to describe when you are charged, which is operationally the same.
The updated terms establish that SoFi may modify the SoFi Plus subscription fee or billing interval upon advance notice to you. Previously, the terms did not explicitly reserve this modification right. The billing cycle language changed from 'every 30 days' to 'every month', which operationally clarifies the payment frequency. The terms now state that your recurring payment authorization ends if you update your payment method or cancel your subscription, creating an additional condition beyond cancellation alone. Under the revised language, you should monitor advance notices from SoFi regarding potential fee or billing interval changes.
→ Monitor advance notifications from SoFi regarding any SoFi Plus fee or billing interval changes
→ Update your payment method if you want to stop recurring charges immediately
SoFi now explicitly reserves the right to modify subscription fees or billing intervals upon advance notice, a previously unstated contractual authority.
Recurring payment authorization now ends upon payment method update or cancellation, rather than cancellation alone, creating an additional mechanism to stop charges.
This change record describes what was added, removed, or modified in the document. Analysis reflects what the updated agreement states or permits. It does not constitute a legal determination about enforceability. Applicability may vary by jurisdiction. Methodology
SoFi's updated terms explicitly reserve the right to modify subscription fees and billing intervals upon advance notice, a right that was not previously stated. This creates a new contractual assertion of unilateral modification authority. The …
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