The agreement states that SoFi may modify the Terms of Use at its discretion by posting updated terms, and that continued use of the services after posting constitutes acceptance of the revised terms.
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 that material changes to the contractual terms governing SoFi's financial products may become effective through continued use without requiring affirmative re-consent, which is an operationally relevant mechanism for users maintaining ongoing account relationships.
Interpretive note: The adequacy of website posting as notice for changes to federally regulated account terms may not satisfy product-specific regulatory requirements under Regulation DD, Regulation Z, or other applicable financial regulation.
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 →The agreement states that changes to the Terms of Use become binding through continued platform use after posting; users who disagree with updated terms would need to discontinue use of SoFi's services to avoid being bound by the changes.
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These Terms will be governed by the laws of the State of California, without regard to the conflict of law provisions thereof
The laws of the State of New York shall govern all matters arising out of or in relation to these Terms and any transactions hereunder, including the interpretation, construction, performance and enforcement thereof.
The Federal Trade Commission has jurisdiction over ZipRecruiter's compliance with the EU-U.S. DPF, the UK Extension to the EU-U.S. DPF, and the Swiss-U.S. DPF.
"We reserve the right to update these Terms of Use at any time, in our sole discretion, by posting the updated Terms of Use on this page and updating the 'Last Updated' date. Your continued use of the Services after the updated Terms of Use are posted will constitute your acceptance of the changes.Excerpt from SoFi's Terms of Service
(1) REGULATORY LANDSCAPE: The adequacy of notice for unilateral contract modifications in consumer financial accounts is regulated under the GLBA, Regulation DD for deposit accounts, Regulation Z for credit accounts, and applicable state consumer protection …
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This provision establishes that material changes to the contractual terms governing SoFi's financial products may become effective through continued use without requiring affirmative re-consent, which is an operationally relevant mechanism for users maintaining ongoing account relationships.
The agreement states that changes to the Terms of Use become binding through continued platform use after posting; users who disagree with updated terms would need to discontinue use of SoFi's services to avoid being bound by the changes.
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