The agreement authorizes SoFi, its agents, and affiliates to contact users via auto-dialers, pre-recorded voice messages, artificial voice, SMS, and automated chatbots at any telephone number provided, with users bearing all associated carrier charges.
This analysis describes what SoFi's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision establishes broad communications consent covering both marketing and account-related contact across all contact methods and all telephone numbers provided to SoFi or any of its affiliates. The Telephone Consumer Protection Act generally requires separate written consent for autodialed or pre-recorded marketing calls and texts, and whether this bundled agreement provision satisfies that requirement may depend on regulatory interpretation and enforcement context.
The updated terms establish a new holding structure for the SoFi Plus 1% investment match benefit. Previously, members needed to maintain SoFi Plus membership for one continuous year from each deposit settlement to retain the match; the updated terms now require deposits to remain in the investment account for five years to retain the full match amount. The promotional period for this benefit restarted on August 18, 2026 and now runs through an unspecified termination date set by SoFi. Early withdrawal or account closure within the five-year period will result in loss of the match amount, though SoFi removed the explicit cancellation fee language in favor of forfeiture through the holding requirement. A limited-time 1% Deposit Match Offer available August 18-31, 2026 can now be combined with the main benefit if qualifying deposits and holding periods are independently satisfied for each offer.
View change record →The updated terms establish new conditions for SoFi's referral promotion that became effective on August 5, 2026. New account holders must now deposit $500 or more (rather than $50) within 21 days to qualify for the $50 Standard Bonus. For those subscribing to SoFi Plus, the terms now explicitly require that the $10/month payment be processed and validated by SoFi within the same 21-day window. Under the revised promotion period running through September 30, 2026, these higher activation thresholds apply to all new referrals.
View change record →The updated terms accelerate the referral promotion deadline to August 4, 2026, and impose tighter timing requirements on eligible recipients: accounts must open before the promotion ends, and deposits must settle within 21 days of both opening the link and registering or logging in as a SoFi user. This creates a more compressed eligibility window than the previous 21-day window measured from clicking the link alone. For SoFi Plus members, the updated terms now state that SoFi will automatically enable Overdraft Protection linking individual checking accounts to individual savings accounts (and joint accounts to joint accounts), allowing available savings to cover checking overdrafts without fees. You can disable Overdraft Protection at any time through the SoFi app or website, and funds applied to overdraft protection are limited to savings deposits not allocated to a Vault.
View change record →Under this clause, users who provide a telephone number to SoFi or any SoFi affiliate authorize contact via auto-dialers, pre-recorded messages, and chatbots for both account and marketing purposes, and are responsible for any carrier charges incurred. The agreement specifies that users can opt out of SMS alerts by texting STOP to the relevant short code.
Cross-platform context
See how other platforms handle Auto-Dialer and Pre-Recorded Message Contact Consent and similar clauses.
Compare across platforms →"You agree that SoFi may contact you through any means, including emails, telephone, SMS messages (including text messages), calls using pre-recorded messages or artificial voice, and calls and messages delivered using automatic telephone dialing systems (auto-dialer) or an automatic chatbot or texting system. SoFi and its agent or representative may leave messages on your answering machine, voice mail, or send messages via text or chatbot. Recorded phone and other interactions. You agree that SoFi and our agents, representatives, affiliates or anyone calling or contacting you on our behalf may contact you on a recorded line or recorded messaging service, including via an automated chatbot. SOFI MAY USE ANY MEANS OF COMMUNICATION TO REACH YOU EVEN IF YOU WILL INCUR COSTS TO RECEIVE SUCH MESSAGES, INCLUDING PHONE, TEXT, E-MAILS OR OTHER MEANS. You are responsible for any and all charges, including but not limited to, fees associated with text messaging, imposed by your communications service provider.Excerpt from SoFi's Terms of Service
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This provision establishes broad communications consent covering both marketing and account-related contact across all contact methods and all telephone numbers provided to SoFi or any of its affiliates. The Telephone Consumer Protection Act generally requires separate written consent for autodialed or pre-recorded marketing calls and texts, and whether this bundled agreement provision satisfies that requirement may depend on regulatory interpretation …
Under this clause, users who provide a telephone number to SoFi or any SoFi affiliate authorize contact via auto-dialers, pre-recorded messages, and chatbots for both account and marketing purposes, and are responsible for any carrier charges incurred. The agreement specifies that users can opt out of SMS alerts by texting STOP to the relevant short code.
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