SoFi updated its Terms of Service on July 8, 2026 to reorganize product navigation and add clarifying labels to the 1% Match promotion section. The changes include adding new product categories like 'Coach Chat' and 'Budget Planner' to the Financial Insights menu, and adding section headers labeled '1% Match Promotion: Example Withdrawal and Fee Calculations' to the Match promotion terms. No material changes were made to the substantive terms governing the Match promotion, holding periods, or cancellation fees themselves.
SoFi's updated Terms of Service on July 8, 2026 added clarifying section headers and reorganized product menu categories, but made no material changes to the substantive terms governing SoFi Plus, the 1% Match promotion, holding periods, or cancellation fees. The updated language continues to require SoFi Plus members to keep deposits in their accounts for five years to retain the full Match amount, and continues to impose cancellation fees if deposits are withdrawn within one year.
Added clarifying label '1% Match Promotion: Example Withdrawal and Fee Calculations' to improve readability of Match terms.
Added new product categories including 'Coach Chat' and 'Budget Planner' to Financial Insights section.
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
Wording edits to this record that do not change what it claims. Changes to a claim are published as corrections.
This change is a documentation update involving product menu reorganization and section header clarification with no material impact on contractual terms, regulatory obligations, or compliance posture. No action required.
Regulatory exposure, obligation change, escalation trigger, board-ready language, and recommended action for legal and compliance teams.
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