Version history

SoFi removed formatting labels and section headers from its investment match promotion disclosures in an update detected on July 28, 2026. The removed text included headers such as '1% Match Promotion: Example Withdrawal and Fee Calculations' that appeared before regulatory warnings and fee calculation tables. The substantive terms governing the 1% match offer, holding periods, fee calculations, and fraud protections remain unchanged; only organizational and labeling elements were removed.

SoFi increased referral rewards for its Credit Score Monitoring program in an update detected on July 24, 2026. Referrers now receive 1,500 rewards points (equivalent to $15) instead of 1,000 points ($10) when someone they refer successfully activates the service within 60 days. The company also added language describing '1% Match Promotion' withdrawal and fee calculations for cryptocurrency holdings in the same update.

SoFi removed a section titled '1% Match Promotion: Example Withdrawal and Fee Calculations' from its cryptocurrency risk disclosure. The updated terms retain the risk warning that cryptocurrency is not FDIC insured, not bank guaranteed, and may lose value, but no longer include the example calculation section. This removes a specific illustrative element but does not change the substantive risk disclosure itself.

SoFi restructured its Invest Referral Program into a limited-time promotional offer running July 14, 2026 through September 30, 2026. The updated terms narrow referral eligibility by imposing a new asset or direct deposit requirement on referrers, restructure bonus amounts to vary based on referrer eligibility status ($75 or $50 instead of a single bonus), and explicitly restrict referral bonuses to new Self-Directed Accounts only, excluding Automated Invest and IRA accounts. The program also adds new definitions and verification procedures for eligible direct deposits and extends detailed promotional mechanics.

SoFi updated its Early Withdrawal Fee Examples section on July 9, 2026 by adding a subtitle '1% Match Promotion: Example Withdrawal and Fee Calculations' to the table. A similar subtitle was also added to the cryptocurrency match section. These are organizational clarifications that do not change the actual fee calculations, withdrawal timing, or underlying match terms displayed in the examples.

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 removed repeated section headers and example labels from its 1% Match promotion terms on July 7, 2026. The changes removed the phrase '1% Match Promotion: Example Withdrawal and Fee Calculations' from three separate promotion sections covering taxable accounts, cancellation fees, and cryptocurrency matching. The substantive promotion terms, fee calculations, and eligibility rules remain unchanged; only the organizational structure and section labeling were modified.

SoFi updated its Terms of Service on June 23, 2026. The detected change involved modification of a single sentence within the document, which now contains 952 sentences total. The specific operational content of the modified sentence cannot be determined from the provided diff context, as the change text shows only navigation menu and product listing additions (insertion of 'Smart Card' in the product menu) rather than substantive terms language.

SoFi added a detailed Crypto Referral Program section to its Terms of Service on June 18, 2026, establishing the operational rules for earning referral bonuses tied to cryptocurrency account sign-ups. The new language specifies that both referrers and referred members must complete defined activities, including opening SoFi Crypto accounts and making qualifying purchases, to receive $25 cash bonuses credited within 7 business days. The terms also establish restrictions, including a $10,000 annual cumulative bonus cap across all SoFi referral programs, tax reporting as miscellaneous income on Form 1099-MISC, and SoFi's right to disqualify participants for fraud, abuse, or program gaming without notice.

SoFi substantially revised its referral program terms on June 17, 2026, restructuring eligibility rules, adding explicit conduct and disclosure standards for referrers, introducing a $10,000 annual referral cap, and establishing new tax reporting obligations. The updated terms now prohibit mass email solicitation, require disclosure of material connections to SoFi, restrict claims about product outcomes, and establish independent contractor status with potential W-9 documentation requirements. These changes create binding restrictions on how referrers can promote SoFi products and establish new eligibility limits and administrative requirements.

SoFi added organizational headers and subheadings to sections of its Terms of Service describing the 1% Match promotion on deposits and cryptocurrency accounts. The updated document now includes labels such as '1% Match Promotion: Example Withdrawal and Fee Calculations' above tables and examples that were previously unlabeled. The substantive terms governing eligibility, holding periods, fees, and match amounts remain unchanged; this change reorganizes how the information is presented for readability.

SoFi removed formatting elements (page link references and download/display controls) from its Terms of Service on June 15, 2026. The substantive terms themselves were not modified; only the document's navigation and presentation layer changed. This is a formatting and organization update with no operational effect on the rights, obligations, or disclosures stated in the underlying terms.

SoFi revised its cookie and tracking technology disclosure on June 12, 2026. The previous terms stated that SoFi uses pixels and tracking technologies to collect information and shares this data with social media, advertising, and analytics partners, with a default opt-in unless users decline. The updated terms now present a detailed Privacy Preference Center that explains how cookies function, establishes functional cookies as requiring explicit permission, describes the specific purposes of data collection, and allows users to manage cookie categories individually rather than accepting all tracking by default.

SoFi's updated Terms of Service on June 12, 2026 includes several procedural and disclosure changes. The agreement now explicitly incorporates the Arbitration Agreement as a binding document alongside the Terms of Use and E-Sign Agreement, and clarifies that all communications with customers may occur in electronic form. The privacy and tracking disclosure section was substantially revised to detail the use of cookies, pixels, and other tracking technologies, and to explain how information is shared with social media, advertising, and analytics partners, with revised opt-out procedures for non-essential tracking.

SoFi added navigation elements to the top of its Terms of Service page on June 11, 2026. The updated version now includes 'Skip To Main Content' and 'Accessible Menu - Main' links at the beginning of the navigation structure. This change improves accessibility by allowing users to bypass repetitive navigation elements and jump directly to the main content of the terms.

SoFi updated its cookie and tracking technologies disclosure on the Terms of Service page on June 10, 2026. The prior language stated that SoFi uses pixels and tracking technologies to collect information and shares this with social media, advertising, and analytics partners; if users did not make a selection, they agreed to these uses. The updated language introduces a Privacy Preference Center that provides category-specific cookie controls (Functional Cookies, Performance Cookies, Targeting Cookies, and Strictly Necessary Cookies), allows users to reject all optional cookies or manage individual cookie category settings, and explains that blocking certain cookies may affect site functionality and available services. Users now have explicit granular control over most tracking technologies rather than an implicit consent model.

SoFi's Terms of Service were updated on June 10, 2026 to add references to 'Student Loan Servicing' in two locations within the resource navigation and support hub sections. The updated terms now list 'Student Loan Servicing' alongside existing support categories like Fraud Support and Eligibility Criteria. This appears to be a navigation or organizational change to the resources SoFi highlights in its service documentation, with no material change to underlying user rights, obligations, or service terms.

SoFi's Terms of Service underwent minor formatting and navigation updates on June 9, 2026. The changes primarily involved reorganizing page navigation elements (adding 'Skip To Main Content' and 'Accessible Menu' links), modifying button labels ('Find My Rate' to 'Get Started'), and adjusting internal page linking structures. One substantive modification removed language referring to the Arbitration Agreement from the E-Sign Agreement section, though the reference now appears separately as a PDF File link. These changes do not materially alter the binding effect of the terms or the services covered.

SoFi updated its Terms of Service on June 6, 2026 to explicitly state that the Arbitration Agreement is binding on users. The previous version listed the Arbitration Agreement as one of several agreements users must accept, but the updated language now explicitly incorporates it into the binding acceptance clause and clarifies that all communication may be conducted electronically. This change makes arbitration a mandatory requirement for all users who access SoFi products or services.

SoFi updated its Terms of Service on June 5, 2026 with primarily formatting and navigation improvements. The main substantive change removes language that previously required users to agree to SoFi's Arbitration Agreement as part of accepting the Terms of Use; the updated language now references only the E-Sign Agreement and GLBA Privacy Notice. Several section headers now include navigation links (same page links) for better accessibility. These changes simplify the document structure and may affect how dispute resolution is presented to new users.

SoFi updated its Terms of Service on June 2, 2026, making several formatting and structural changes. The most substantive change appears to be expanded language around electronic communications and the explicit inclusion of an Arbitration Agreement as a binding requirement. The updated terms now state that users must accept the Arbitration Agreement as part of service eligibility, and that all communication related to SoFi products may occur in electronic form. Additionally, the document now discloses tracking technologies and data sharing with third-party partners in marketing and analytics contexts.

SoFi updated its Terms of Service on June 1, 2026 by adding accessibility and internal navigation features to the document. The changes include adding 'Accessible Menu - Main' language to the navigation header and converting section headings into internal page links (marked as 'same page link'). These are structural and formatting modifications to how the terms document is organized and accessed, not changes to the substantive rights, obligations, or policies stated within the terms themselves.

SoFi removed navigation link text ('same page link') from the table of contents in their Terms of Service on May 31, 2026. The document previously displayed clickable section headers with explicit 'same page link' labels; the updated version removes these labels while retaining all section headings and content. This is a formatting and navigation change with no impact on the substantive terms, rights, or obligations described in the agreement.

SoFi updated its Terms of Service on May 30, 2026 with primarily editorial and formatting changes. The document now includes accessibility features (Skip to Main Content menu), corrected internal navigation links, and reformatted section headers. One substantive modification removed explicit reference to the Arbitration Agreement from the E-Sign Agreement acceptance language, though the document still references an Arbitration Agreement separately elsewhere in the terms.

SoFi's Terms of Service was updated on May 29, 2026 to explicitly reference the Arbitration Agreement as a binding component of user acceptance. Previously, the agreement mentioned the E-Sign Agreement and Privacy Notice but did not explicitly name the Arbitration Agreement in the opening acceptance clause. The updated language now states that by using the SoFi Site, users agree that the Arbitration Agreement is effective and binding, and that all communication may occur in electronic form. This change makes the mandatory arbitration framework a more prominent part of the initial acceptance structure.

SoFi reduced the interest rate on SoFi Plus Savings balances exceeding $20,000 from 3.30% APY to 3.10% APY, effective May 28, 2026. The tiered rate structure remains unchanged (4.50% on balances up to $20,000), but the secondary tier now yields 20 basis points less annually. SoFi Plus members and non-members with Direct Deposit or $5,000 in Qualifying Deposits both see this rate reduction applied to applicable balances.

SoFi reduced the APY rates on its savings accounts effective May 28, 2026. The rate for accounts with eligible direct deposit decreased from 3.30% to 3.10% APY, while the rate for accounts without direct deposit decreased from 1.00% to 0.80% APY. These changes apply to all savings accounts, including Vaults, with no minimum direct deposit requirement to earn the stated rate.

SoFi updated the footer section of its Terms of Service on May 23, 2026, replacing certain calculators and tools with new offerings. The previous footer listed a Credit Card Interest Calculator, Mortgage Payment Calculator with Interest, and College Finder Search Tool. The updated footer now features a Home Mortgage Calculator, First-Time Homebuyer Guide, Retirement Calculator, and SoFi's Scholarship Giveaway. This change modifies which financial planning resources are prominently linked in the terms document but does not alter any contractual rights, obligations, or policy substance.

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.

SoFi replaced its previous cookie and tracking technology disclosure with a more detailed cookie consent interface that explains how different cookie types function. The prior language stated that SoFi shares collected information with social media, advertising, and analytics partners and that non-selection constitutes consent to tracking. The updated disclosure describes cookie categories separately (functional, performance, strictly necessary), explains what each does, and states that users can choose not to allow some cookie types, though blocking them may affect site functionality.

SoFi's updated Terms of Service on May 14, 2026 includes minor navigation and formatting updates to the document structure. The changes primarily affect how the document is organized and presented, including the addition of accessibility features such as a 'Skip To Main Content' link and same-page navigation anchors. The substantive terms governing user rights, obligations, and SoFi's authority appear largely unchanged based on the provided diff.

SoFi updated its Terms of Service on May 11, 2026, making primarily editorial and structural changes to the document. The update removed several navigation elements and hyperlinks from the table of contents, and modified language in the introductory section to explicitly incorporate the Arbitration Agreement and clarify that electronic communications are binding. The substantive operational change is the explicit addition of the Arbitration Agreement as a binding document users must accept when using SoFi's platform or services.

SoFi updated its Terms of Service on May 5, 2026, making primarily formatting and navigation changes to the document structure. The updates added navigation anchors, clarified language in several sections, and modified how the agreement references related documents like the E-Sign Agreement and Arbitration Agreement. These changes appear largely technical in nature and do not substantially alter the substantive rights, obligations, or protections described in the original terms.

SoFi's Terms of Use now explicitly reference the Arbitration Agreement as a binding document that users must accept to use the platform or obtain SoFi products and services. The updated language also clarifies that all communication related to SoFi and its products may occur in electronic form. The primary substantive change moves the arbitration requirement from a separate document into the explicit acceptance requirement at the outset of the terms.

SoFi updated its member rewards program and SoFi Plus benefits on May 1, 2026. The Credit Score Monitoring reward now applies only to new SoFi members rather than all members. SoFi Plus members now receive a one-time discounted annual digital subscription to The Wall Street Journal ($129) and a discounted ongoing subscription to MarketWatch ($2 every four weeks for one year), replacing the previous ClassPass free trial benefit. After the initial promotional period, both subscriptions automatically renew at standard rates unless canceled before renewal.

SoFi updated the list of financial calculators displayed in the 'Also of Interest' section of their Terms of Service. The previous version listed APY Calculator, Emergency Fund Calculator, and Home Affordability Calculator. The updated version replaces these with Credit Card Interest Calculator, Personal Loan Calculator, and Savings Account Calculator. This is a navigation and content reorganization change with no material impact on the terms themselves.