SoFi revised terminology in its SoFi Plus account terms, changing instances of 'total equity' to 'total equity value' throughout the early withdrawal fee provisions. The company also added an explicit definition of 'pre-promotion total equity value' specifying it means the total equity value as of the end-of-day balance before the qualifying deposit was received and eligibility requirements were satisfied, as determined by SoFi in its sole discretion. The operational effect is to standardize terminology and clarify the baseline calculation point for determining whether an early withdrawal triggers a fee.
The updated terms revise how SoFi calculates whether an early withdrawal from a SoFi Plus account triggers a fee. The company standardized terminology from 'total equity' to 'total equity value' and added an explicit definition stating that 'pre-promotion total equity value' means the account's total equity value as of the end-of-day balance before the qualifying deposit was received and eligibility requirements were satisfied, as determined by SoFi in its sole discretion. This provides clearer language for when the early withdrawal fee applies, but the underlying calculation method and fee conditions remain substantively the same.
Explicitly defined 'pre-promotion total equity value' as the end-of-day account balance before qualifying deposit and eligibility requirements were satisfied, as determined by SoFi in its sole discretion.
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
This change is a clarification and standardization of terminology within SoFi's SoFi Plus terms. The revision adds explicit definition of the baseline used to calculate early withdrawal fees and standardizes terminology throughout the provision. No …
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Unlock the full institutional analysis — InsightConductAtlas provides verified policy intelligence sourced directly from platform documents. All analysis is intended to support, not replace, legal and compliance review. Record CA-C-004815.
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