Terms of service

SoFi will not be liable to you or any third party for any termination of your account or access.

SoFi will not be liable to you or any third party for any termination of your account or access.

Why it matters: Your account or access could be terminated, and you would not be able to hold SoFi liable for any resulting issues.

SoFi may change this Terms of Use Agreement from time to time by posting a current version on the SoFi website without delivering any notice to you.

SoFi may change its Terms of Use Agreement without notice to you, by simply posting a current version on its website.

Why it matters: You may not be aware of changes to the terms of use, as SoFi does not commit to notifying you directly of updates.

SoFi may review your interactions with Coach to improve accuracy, safety, and performance of our systems.

SoFi may review your interactions with Coach to improve accuracy, safety, and performance of its systems.

Why it matters: Your interactions with SoFi Coach may be reviewed, potentially exposing your personal financial information to SoFi for system improvement purposes.

SoFi may obtain any and all information from the Connected Accounts.

If you connect an external account to SoFi, SoFi may obtain any and all information from those connected accounts.

Why it matters: SoFi could collect extensive financial data from your connected external accounts, potentially including sensitive balance and transaction details, which may raise privacy concerns.

SoFi may use information from connected accounts for any purpose permitted by SoFi’s Privacy Policies, including to identify products and services that may be of interest to you, sharing information with affiliated companies to offer products and services to you, and identifying if you would be likely to be eligible for certain products and services.

SoFi may use information from connected accounts for purposes allowed by its Privacy Policies, such as identifying products and services of interest to you, sharing information with affiliates to offer products, and determining eligibility for certain services.

Why it matters: Your connected account information could be used to target you with additional products and services from SoFi and its affiliates, potentially increasing unsolicited marketing.

Plaid’s Privacy Policy will govern Plaid’s use of information it collects about you or that you provide to Plaid.

The privacy policy of Plaid Inc. will govern the use of information collected by Plaid or provided to it, when you use their service to connect an account with SoFi.

Why it matters: When connecting external accounts via Plaid, your data will be subject to Plaid's privacy policy, which may differ from SoFi's, potentially exposing you to different data handling practices.

You authorize SoFi to deliver to your employer information about you and your loan, including the amount and timing of your loan payments, so that your employer may deliver contributions to the account you have designated.

You authorize SoFi to share information about you and your loan, including payment amount and timing, with your employer to facilitate employer contributions to your designated account.

Why it matters: Your loan payment information will be shared with your employer, which could impact your privacy regarding financial details and potentially influence your employment relationship.

SoFi may modify or terminate our text messaging services from time to time, for any reason, and without notice, including the right to terminate text messaging with or without notice, without liability to you.

SoFi may modify or terminate its text messaging services for any reason, at any time, and without notice, without liability to you.

Why it matters: SoFi can stop providing text messaging services without notifying you, meaning you might suddenly lose access to these communications without recourse.

SoFi may, in its sole and absolute discretion, at any time, for any or no reason, and with or without prior notice, suspend or terminate your use of the SoFi Site and the rights afforded to you hereunder.

SoFi can, at its sole discretion, suspend or terminate your use of its site and rights without prior notice, for any or no reason, at any time.

Unilateral amendmentAccount termination without notice

Why it matters: Your access to the SoFi Site and associated rights can be revoked without warning or justification, potentially disrupting your financial activities.