SoFi revised its SoFi Plus early withdrawal fee terms to use consistent terminology. The document previously used the term 'total equity' inconsistently and added a formal definition of 'pre-promotion total equity value' specifying it is determined by SoFi in its sole discretion as of the end-of-day balance before the qualifying deposit was received. All references to 'total equity' were replaced with 'total equity value' throughout the early withdrawal fee rules. This standardizes the language and adds explicit documentation of how SoFi measures the baseline equity amount used to calculate early withdrawal fees.
The updated terms maintain the same early withdrawal fee calculation rules but use standardized terminology throughout. SoFi Plus members are now subject to formally defined terms: 'total equity value' replaces 'total equity', and 'pre-promotion total equity value' is explicitly defined as the end-of-day balance of the eligible account as of the most recent completed end-of-day balance preceding the date SoFi determines the qualifying deposit was received and eligibility requirements were satisfied, as determined by SoFi in its sole discretion. The operational effect of the early withdrawal fee trigger and calculation method remains unchanged from the prior version.
Formally defined as end-of-day balance prior to qualifying deposit receipt, determined by SoFi in its sole discretion.
Standardized language throughout early withdrawal fee provisions to replace inconsistent 'total equity' usage.
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 is a definitional clarification with no material change to SoFi's obligations or member protections. The document standardizes terminology ('total equity value' instead of 'total equity') and adds explicit language specifying that the baseline equity …
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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-004816.
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